Difference between revisions of "BlackRock"

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'''BlackRock''' is a globalist investment management corporation based in [[New York City]]. The corporation was founded in 1988. BlackRock is the world's largest asset manager, with US$10 trillion.  Among their management contracts is they are one of two companies which manage the [[Thrift Savings Plan]], the United States government's version of a 401(k) plan for federal employees.
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'''BlackRock''' is a globalist investment management corporation based in [[New York City]], founded in 1988. BlackRock is the world's largest asset manager, with US$10 trillion.  Among their management contracts is they are one of two companies which manage the [[Thrift Savings Plan]], the United States government's version of a 401(k) plan for federal employees.
  
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Their CEO and founder is Larry Fink who sits on the boards of the influential [[Council on Foreign Relations]] and [[World Economic Forum]].<ref>https://www.weforum.org/about/leadership-and-governance</ref>  BlackRock owns substantial stakes in global entities, such as its ownership of 4% of Credit Suisse as of March 2023.<ref>https://www.cnn.com/2023/03/18/business/credit-suisse-crisis-ubs/index.html</ref>  BlackRock is contrasted with the smaller Blackstone Group, whereby BlackRock invests in "equity (including [[private equity]]), fixed income, multi-asset, alternatives, cash management, and advisory," while the Blackstone Group is in "real estate, [[private equity]], hedge fund solutions, and credit and insurance."<ref>https://invezz.com/news/2022/12/26/blackstone-vs-blackrock-better-buy-after-a-tough-2022/#:~:text=Blackrock%20vs%20Blackstone,-Blackstone%20and%20Blackrock&text=They%20nonetheless%20operate%20in%20different,%2C%20cash%20management%2C%20and%20advisory.</ref>
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Their CEO and founder is Larry Fink, who sits on the boards of the influential [[Council on Foreign Relations]] and [[World Economic Forum]].<ref>https://www.weforum.org/about/leadership-and-governance</ref>  BlackRock owns substantial stakes in global entities, such as its ownership of 4% of Credit Suisse as of March 2023.<ref>https://www.cnn.com/2023/03/18/business/credit-suisse-crisis-ubs/index.html</ref>  BlackRock is contrasted with the smaller Blackstone Group, whereby BlackRock invests in "equity (including [[private equity]]), fixed income, multi-asset, alternatives, cash management, and advisory," while the Blackstone Group is in "real estate, [[private equity]], hedge fund solutions, and credit and insurance."<ref>https://invezz.com/news/2022/12/26/blackstone-vs-blackrock-better-buy-after-a-tough-2022/#:~:text=Blackrock%20vs%20Blackstone,-Blackstone%20and%20Blackrock&text=They%20nonetheless%20operate%20in%20different,%2C%20cash%20management%2C%20and%20advisory.</ref>
 
[[File:NYT FTX.jpg|right|400px|thumb|Speakers at the ''New York Times'' event, [[Bankman-Fried]], [[Zelensky]], Fink, and [[Yellen]].<ref>https://www.nytco.com/press/the-new-york-times-to-host-annual-dealbook-summit-on-nov-30/</ref>]]  On or about May 11, 2023, BlackRock announced that it "is shaking up its alternatives business, with roughly $300 billion of assets, as the firm seeks to build more focused teams for private credit and direct equity strategies."<ref>https://www.bloomberg.com/news/articles/2023-05-11/blackrock-overhauls-leadership-of-credit-private-asset-business?leadSource=uverify%20wall</ref>
 
[[File:NYT FTX.jpg|right|400px|thumb|Speakers at the ''New York Times'' event, [[Bankman-Fried]], [[Zelensky]], Fink, and [[Yellen]].<ref>https://www.nytco.com/press/the-new-york-times-to-host-annual-dealbook-summit-on-nov-30/</ref>]]  On or about May 11, 2023, BlackRock announced that it "is shaking up its alternatives business, with roughly $300 billion of assets, as the firm seeks to build more focused teams for private credit and direct equity strategies."<ref>https://www.bloomberg.com/news/articles/2023-05-11/blackrock-overhauls-leadership-of-credit-private-asset-business?leadSource=uverify%20wall</ref>
 
The asset manager aims to push the world towards producing “net zero” emissions by 2050 and sees [[climate change]] as a severe financial risk, according to BlackRock CEO Larry Fink's 2022 letter to executives. BlackRock uses so-called uses “Environmental, Social, and Governance” standards — known as ESG in making investment decision.  ESG ratings involve considering a wide range of issues in investments, such as companies’ climate-change vulnerabilities; carbon emissions; racial inequality; product safety; supply-chain labor standards; privacy and data security; and executive compensation.<ref>https://theconservativetreehouse.com/blog/2022/12/01/florida-governor-follows-west-virginia-in-pulling-state-funds-from-blackrock-over-esg-investing</ref>  In August, 2022, 19 [[Republican]] [[attorney general|attorneys general]] accused BlackRock of violating its duty to make money for its clients by allegedly [[boycott]]ing [[fossil fuel]] companies.<ref>https://dailycaller.com/2022/12/01/florida-divests-2-billion-blackrock-activist-investing/</ref>  In a setback to radical [[environmentalists]], CEO Fink stated in an annual letter in March 2023 to investors and stakeholders that:
 
The asset manager aims to push the world towards producing “net zero” emissions by 2050 and sees [[climate change]] as a severe financial risk, according to BlackRock CEO Larry Fink's 2022 letter to executives. BlackRock uses so-called uses “Environmental, Social, and Governance” standards — known as ESG in making investment decision.  ESG ratings involve considering a wide range of issues in investments, such as companies’ climate-change vulnerabilities; carbon emissions; racial inequality; product safety; supply-chain labor standards; privacy and data security; and executive compensation.<ref>https://theconservativetreehouse.com/blog/2022/12/01/florida-governor-follows-west-virginia-in-pulling-state-funds-from-blackrock-over-esg-investing</ref>  In August, 2022, 19 [[Republican]] [[attorney general|attorneys general]] accused BlackRock of violating its duty to make money for its clients by allegedly [[boycott]]ing [[fossil fuel]] companies.<ref>https://dailycaller.com/2022/12/01/florida-divests-2-billion-blackrock-activist-investing/</ref>  In a setback to radical [[environmentalists]], CEO Fink stated in an annual letter in March 2023 to investors and stakeholders that:
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In a June 2023 undercover video released by [[O'Keefe Media Group]], a BlackRock recruiter named Serge Varlay described how BlackRock is able to “run the world” in about 7 minutes.<ref>https://rumble.com/v2ve6r0-blackrock-recruiter-who-decides-peoples-fate-says-war-is-good-for-business-.html</ref>
 
In a June 2023 undercover video released by [[O'Keefe Media Group]], a BlackRock recruiter named Serge Varlay described how BlackRock is able to “run the world” in about 7 minutes.<ref>https://rumble.com/v2ve6r0-blackrock-recruiter-who-decides-peoples-fate-says-war-is-good-for-business-.html</ref>
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"[[Ukraine]] is good for business. [[War]] is good for [[business]]," a BlackRock executive was recorded saying.<ref>https://www.youtube.com/watch?v=Ijqmk-5d364</ref> Tom Luongo was quoted in ''[[Zerohedge]]'' on December 16, 2023 saying, "The folks with the most to lose in Ukraine at this point are those [[carpetbagger]]s who were chosen to rebuild the country after the war.  Russia understands this and no more wants [[Blackrock]] rebuilding Ukraine than it wants Ukraine in NATO.”<ref>[https://www.zerohedge.com/geopolitical/luongo-running-empty-us-leaves-zelenskyy-hanging Luongo: Running On Empty, The US Leaves Zelenskyy Hanging,” Tyler Durdan, zerohedge.com, December 16, 2023. zerohedge.com</ref>
  
 
==References==
 
==References==

Latest revision as of 05:13, December 18, 2023

BlackRock is a globalist investment management corporation based in New York City, founded in 1988. BlackRock is the world's largest asset manager, with US$10 trillion. Among their management contracts is they are one of two companies which manage the Thrift Savings Plan, the United States government's version of a 401(k) plan for federal employees.

Their CEO and founder is Larry Fink, who sits on the boards of the influential Council on Foreign Relations and World Economic Forum.[1] BlackRock owns substantial stakes in global entities, such as its ownership of 4% of Credit Suisse as of March 2023.[2] BlackRock is contrasted with the smaller Blackstone Group, whereby BlackRock invests in "equity (including private equity), fixed income, multi-asset, alternatives, cash management, and advisory," while the Blackstone Group is in "real estate, private equity, hedge fund solutions, and credit and insurance."[3]

Speakers at the New York Times event, Bankman-Fried, Zelensky, Fink, and Yellen.[4]
On or about May 11, 2023, BlackRock announced that it "is shaking up its alternatives business, with roughly $300 billion of assets, as the firm seeks to build more focused teams for private credit and direct equity strategies."[5]

The asset manager aims to push the world towards producing “net zero” emissions by 2050 and sees climate change as a severe financial risk, according to BlackRock CEO Larry Fink's 2022 letter to executives. BlackRock uses so-called uses “Environmental, Social, and Governance” standards — known as ESG in making investment decision. ESG ratings involve considering a wide range of issues in investments, such as companies’ climate-change vulnerabilities; carbon emissions; racial inequality; product safety; supply-chain labor standards; privacy and data security; and executive compensation.[6] In August, 2022, 19 Republican attorneys general accused BlackRock of violating its duty to make money for its clients by allegedly boycotting fossil fuel companies.[7] In a setback to radical environmentalists, CEO Fink stated in an annual letter in March 2023 to investors and stakeholders that:

“ But as I have said consistently over many years now, it is for governments to make policy and enact legislation, and not for companies, including asset managers, to be the environmental police.[8] ”

The influence of Blackrock is doubtful. On May 23, 2022, Blackrock announced a downgrade of its projection for the value of U.S. stocks,[9] and the stock market responded by sharply increasing in value immediately afterwards.

In a June 2023 undercover video released by O'Keefe Media Group, a BlackRock recruiter named Serge Varlay described how BlackRock is able to “run the world” in about 7 minutes.[10]

"Ukraine is good for business. War is good for business," a BlackRock executive was recorded saying.[11] Tom Luongo was quoted in Zerohedge on December 16, 2023 saying, "The folks with the most to lose in Ukraine at this point are those carpetbaggers who were chosen to rebuild the country after the war. Russia understands this and no more wants Blackrock rebuilding Ukraine than it wants Ukraine in NATO.”[12]

References

  1. ↑ https://www.weforum.org/about/leadership-and-governance
  2. ↑ https://www.cnn.com/2023/03/18/business/credit-suisse-crisis-ubs/index.html
  3. ↑ https://invezz.com/news/2022/12/26/blackstone-vs-blackrock-better-buy-after-a-tough-2022/#:~:text=Blackrock%20vs%20Blackstone,-Blackstone%20and%20Blackrock&text=They%20nonetheless%20operate%20in%20different,%2C%20cash%20management%2C%20and%20advisory.
  4. ↑ https://www.nytco.com/press/the-new-york-times-to-host-annual-dealbook-summit-on-nov-30/
  5. ↑ https://www.bloomberg.com/news/articles/2023-05-11/blackrock-overhauls-leadership-of-credit-private-asset-business?leadSource=uverify%20wall
  6. ↑ https://theconservativetreehouse.com/blog/2022/12/01/florida-governor-follows-west-virginia-in-pulling-state-funds-from-blackrock-over-esg-investing
  7. ↑ https://dailycaller.com/2022/12/01/florida-divests-2-billion-blackrock-activist-investing/
  8. ↑ https://www.wnd.com/2023/03/blackrock-ceo-scales-back-emphasis-climate-investing/?utm_source=izooto&utm_medium=push_notification&utm_campaign=BlackRock_scales_back_climate_investing
  9. ↑ https://www.bnnbloomberg.ca/blackrock-cuts-developed-market-stocks-to-neutral-on-fed-china-1.1769714
  10. ↑ https://rumble.com/v2ve6r0-blackrock-recruiter-who-decides-peoples-fate-says-war-is-good-for-business-.html
  11. ↑ https://www.youtube.com/watch?v=Ijqmk-5d364
  12. ↑ [https://www.zerohedge.com/geopolitical/luongo-running-empty-us-leaves-zelenskyy-hanging Luongo: Running On Empty, The US Leaves Zelenskyy Hanging,” Tyler Durdan, zerohedge.com, December 16, 2023. zerohedge.com
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