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3 Comments
What is BlackRock?
Never before has a financial company with so much influence over world markets been so hidden from public scrutiny. That’s no accident. As it is technically not a bank making bank loans or taking deposits, **it evades the regulation oversight from the Federal Reserve even though it does what most mega banks like HSBC or JP MorganChase do** — buy, sell securities for profit. When there was a Congressional push to include asset managers such as BlackRock and Vanguard Funds under the post-2008 Dodd-Frank law as “systemically important financial institutions” or SIFIs, a huge lobbying push from BlackRock ended the threat. BlackRock is essentially a law onto itself. And indeed it is “systemically important” as no other, with possible exception of Vanguard, which is said to also be a major shareholder in BlackRock.
A virtually unregulated investment firm today exercises more political and financial influence than the Federal Reserve and most governments on this planet. The firm, BlackRock Inc., the world’s largest asset manager, **invests a staggering $9 trillion in client funds worldwide,** a sum more than double the annual GDP of the Federal Republic of Germany. This colossus sits atop the pyramid of world corporate ownership, including in China most recently. Since 1988 the company has put itself in a position to de facto control the Federal Reserve, most Wall Street mega-banks, including Goldman Sachs, the Davos World Economic Forum Great Reset, the Biden Administration and, if left unchecked, the economic future of our world. BlackRock is the epitome of what Mussolini called Corporatism, where an unelected corporate elite dictates top down to the population.
How the world’s largest “shadow bank” exercises this enormous power over the world ought to concern us. BlackRock since Larry Fink founded it in 1988 has managed to assemble unique financial software and assets that no other entity has. BlackRock’s Aladdin risk-management system, a software tool that can track and analyze trading**, monitors more than $18 trillion in assets for 200 financial firms including the Federal Reserve and European central banks**. He who “monitors” also knows, we can imagine. BlackRock has been called a financial “Swiss Army Knife — institutional investor, money manager, private equity firm, and global government partner [rolled into one](https://prospect.org/economy/blackrock-rules-world/).” Yet mainstream media treats the company as just another Wall Street financial firm.
[https://www.sott.net/article/454406-There-is-More-to-BlackRock-Than-You-Might-Imagine](https://www.sott.net/article/454406-There-is-More-to-BlackRock-Than-You-Might-Imagine)
How Blackrock became the largest investment firm: [https://activistpost.com/2023/09/how-blackrock-conquered-the-world.html](https://activistpost.com/2023/09/how-blackrock-conquered-the-world.html)
Sorry to break it to you but if you’re a trump supporter you’re a blackrock supporter. If you’re a dem supporter you’re a blackrock supporter too don’t get me wrong. But the cons really would be happy giving blackrock control of the federal government.