How BlackRock Conquered the World — Part 1
Before proceeding to the most excellent BlackRock article below, it is worth mentioning that this allegedly omnipotent and omniscient hedge fund monstrosity was involved with the FTX scam that was written about yesterday:
This is a list of the big players that lost money in the FTX ponzi (BlackRock underlined in red):
BlackRock’s CEO Larry Fink backed the “Biden” campaign just like he backed FTX which in turn funneled money back into the Democrat party. You see, this is one gargantuan Rube Goldberg-type money laundering operation.
And BlackRock is not that genius trading or money management firm they would have you believe. No, they are a criminal entity that primarily rigs markets, influences politics, and clandestinely guides global central
banking planning, only to take all the credit for being such geniuses at trading and managing money.
Just like George Soros, who was fed his “trading” strategies in order to transform him into a Cult made man in order to help facilitate their depraved agendas, so too was Larry Fink aided and abetted by the dark forces using him to destroy the world. And Sam Bankman-Fried happened to just be a lightweight crypto scammer whose FTX was an exceedingly effective momentary money laundering node for the “Biden” election theft and the Ukraine “war.”
All of these Statist corporate “geniuses” are just front men for the criminal politician front men and their illegitimate Federal government that wages a full spectrum soft war on the debt-slave tax mules aka We the People on behalf of their One World Government masters.
Because Larry Fink’s real wealth just like George Soros’s and Elon Musk’s ultimately flows from the taxpayers, as well as the suckers on the other end of their manipulated front run trades.
If you don’t know who the sucker at the table is, then it’s you.
Do NOT be that sucker.
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by James Corbett
November 12, 2022
Let's play a little game.
Let's imagine you're Joe Q. Normie and you need to run out for some groceries. You hop in the car and head to the store. What store do you go to? Why, Walmart, of course!
And, being an unwitting victim of the sugar conspiracy, what do you buy when you're there? Coke, naturally!
And you can get jabbed at Walmart these days, right? Well then, you might as well make sure you get your sixth Moderna booster while you're there!
And don't forget to fill up with gas on your way home!
Is this creeping you out? Then why don't you shut yourself in your house and never go out shopping again? That'll show 'em! After all, you can always order whatever you need from Amazon, can't you?
Are you noticing a pattern here? Yes, in case you haven't heard, BlackRock, Inc. is now officially everywhere. It owns everything.
Sadly for us, however, the creepy corporate claws of the BlackRock beast aren't content simply to clutch onto a near plurality of the shares of every major corporation in the world. No, BlackRock is now digging its talons in even further and flexing its muscles, putting that inconceivable wealth and influence to use by completely reordering the economy, creating scamdemics and shaping the course of civilization in the process.
Let's face it: if you're not concerned about the power BlackRock wields over the world by this point then you're not paying attention.
But don't worry if all of this is news to you. Most people have no idea where this investment giant came from, how it clawed its way to the top of the Wall Street dogpile, or what it has planned for your future.
Let's fill that gap in public understanding. Over the course of this investigative series, you're going to get a crash course in the creepiest company you've never heard of.
This week I will give A Brief History of Blackrock and describe how it came to be the economic and political juggernaut it is today.
In Part 2 of this series, we will examine how BlackRock's Going Direct reset paved the way for the massive economic and monetary transition that we have just lived through under the cover of the scamdemic.
And in Part 3, we will examine the Aladdin system and the other creepy ways BlackRock is planning to use its power to mould society in its own interest.
PART 1: A BRIEF HISTORY OF BLACKROCK
"Hold on a second," I hear you interject. "I've got this! BlackRock was founded as a mergers and acquisitions firm in 1985 by a couple of ex-Lehmanites and has since gone on to become the world's largest alternative investment firm, right?"
Wrong. That's Blackstone Inc., currently headed by Stephen Schwarzman. But don't feel bad if you confuse the two. The Blackstone/BlackRock confusion was done on purpose.
In fact, BlackRock began in 1988 as a business proposal by investment banker Larry Fink and a gaggle of business partners. The appropriately named Fink had managed to lose $100 million in a single quarter in 1986 as a manager at First Boston investment bank by betting the wrong way on interest rates. Humbled by this humiliating setback (or so the story goes), Fink turned lemons into lemonade by crafting a vision for an investment firm with an emphasis on risk management. Never again would Larry Fink be caught off guard by a market downturn!
Fink assembled some partners and brought his proposal to Blackstone co-founders Pete Peterson and Stephen Schwarzman, who liked the idea so much that they agreed to extend Fink a $5 million line of credit in exchange for a 50% share in the business. Originally named Blackstone Financial Management, Fink's operation was turning a nice profit within months, had quadrupled the value of its assets in one year, and had grown the value of its portfolio under management to $17 billion by 1992.
Now firmly established as a viable business in its own right, Schwarzman and Fink began musing about spinning the firm off from Blackstone and taking it public. Schwarzman suggested giving the newly independent company a name with "black" in it as a nod to its Blackstone origins and Fink—taking roguish delight in the inevitable confusion and annoyance such a move would cause—proposed the name BlackRock, saying, "You know if we do something like this, all of our people will kill us."
The two evidently share the same sense of humour. "There is a little confusion [between the companies]," Schwarzman now concedes. "And every time that happens I get a real chuckle."
But a shared taste for causing unnecessary confusion was not enough to keep the partners together. By 1994, the two had fallen out over compensation for new hires (or perhaps due to distress over Schwarzman's ongoing divorce, depending who's telling the story) and Schwarzman sold Blackstone's holdings in BlackRock for a mere $240 million. ("That was certainly a heroic mistake," as Schwarzman admits.)
Having made the split with Blackstone and established BlackRock as its own entity, Fink was firmly on the path that would lead to his company becoming the globe-bestriding financial colossus that it is today.
In 1999, with its assets under management standing at $165 billion, BlackRock went public on the New York Stock Exchange at $14 per share. Expanding its services into analytics and risk management with its proprietary Aladdin enterprise investment system (more on which in Part 3 of this series), the firm acquired mutual-fund business State Street Research & Management in 2004, merged with Merrill Lynch Investment Managers (MLIM) in 2006, and bought Seattle-based Quellos Group's fund-of-hedge-funds business in 2007, bringing the total value of assets under BlackRock management to over $1 trillion.
But it was the Global Financial Crisis of 2007-2008 that catapulted BlackRock to its current position of financial dominance. Just ask Heike Buchter, the German correspondent who literally wrote the book on BlackRock. "Prior to the financial crisis I was not even familiar with the name. But in the years after the Lehman [Brothers] collapse [in 2008], BlackRock appeared everywhere. Everywhere!" Buchter told German news outlet DW in 2015.
Even before the Bear Sterns fiasco materialized into the Lehman Brothers collapse and the full-on financial bloodbath of September 2008, Wall Street was collectively turning to BlackRock for help. AIG, Lehman Brothers, Fannie Mae, and Freddie Mac had all hired the firm to sort through their spiraling mess of credit obligations in the months before the meltdown. BlackRock was perceived to be the only firm that could sort through the dizzying math behind the complicated debt swaps and exotic financial instruments underlying the tottering financial system and many Wall Street kingpins had Fink on speed dial as panic began to grip the markets.
"I think of it like Ghostbusters: When you have a problem, who you gonna call? BlackRock!" UBS managing director Terrence Keely told CNN at the time.
And why wouldn't they trust Fink to sort through the mess of the subprime mortgage meltdown? After all, he was the one who helped launch the whole toxic subprime mortgage industry in the first place.
Oh, did I forget to mention that? Remember the whole "losing his job because he lost $100 million for First Boston in 1986" thing? That came just three years after Fink had made billions for the bank's customers by constructing his first Collateralized Mortgage Obligation (CMO) and almost single-handedly creating the subprime mortgage market that would fail so spectacularly in 2008.
So, depending how you look at it, Fink was either the perfect guy to have in charge of sorting through the mess that his CMO monstrosity had created, or the first fink who should have gone to jail for it. Guess which way the US government chose to see it?
Yes, you guessed right. They saw Fink as their saviour, of course.
Specifically, the US government turned to BlackRock for help, with beleaguered US Treasury Secretary Timothy Geithner personally consulting Larry Fink no less than 49 times over the course of the 18 months of the crisis. Lest there be any doubt who was calling the shots in that relationship, when Geithner was on the ropes and his position as Secretary of the Treasury was in jeopardy at the end of Obama's first term, Fink's name was on the short list of those who were being considered to replace him.
The Federal Reserve, too, put their faith in BlackRock, turning to the company for assistance in administering the 2008 bailouts. Ultimately, BlackRock ended up playing a role in the $30 billion financing of the sale of Bear Stearns to J. P. Morgan, the $180 billion bailout of A.I.G., and the $45 billion rescue of Citigroup.
When the dust finally settled on Wall Street after the Lehman Brothers collapse, there was little doubt who was sitting on top of the dust pile: BlackRock. The only question was how they would parley their growing wealth and financial clout into real-world political power.
For Fink, the answer was obvious: to move from the petty crime of high finance into the criminal big leagues of government. Accordingly, throughout the last decade, he has spent his time building up BlackRock's political influence until it has become (as even Bloomberg admits) the de facto "fourth branch of government."
When BlackRock executives managed to get their hands on a confidential Federal Reserve PowerPoint presentation threatening to subject BlackRock to the same regulatory regime as the big banks, the Wall Street behemoth spent millions successfully lobbying the government to drop the proposal.
But lobbying the government is a roundabout way to get what you want. As any good financial guru will tell you, it's far more cost efficient to make sure that no troublesome regulations are imposed in the first place. Perhaps that's why Fink has been collecting powerful politicians for years now, scooping them up as consultants, advisors and board members so that he can ensure BlackRock has a key agent at the heart of any important political event.
As William Engdahl details in his own exposé of BlackRock:
BlackRock founder and CEO Larry Fink is clearly interested in buying influence globally. He made former German CDU MP Friederich Merz head of BlackRock Germany when it looked as if he might succeed Chancellor Merkel, and former British Chancellor of Exchequer George Osborne as “political consultant.” Fink named former Hillary Clinton Chief of Staff Cheryl Mills to the BlackRock board when it seemed certain Hillary would soon be in the White House.
He has named former central bankers to his board and gone on to secure lucrative contracts with their former institutions. Stanley Fisher, former head of the Bank of Israel and also later Vice Chairman of the Federal Reserve is now Senior Adviser at BlackRock. Philipp Hildebrand, former Swiss National Bank president, is vice chairman at BlackRock, where he oversees the BlackRock Investment Institute. Jean Boivin, the former deputy governor of the Bank of Canada, is the global head of research at BlackRock’s investment institute.
And it doesn't end there. When it came time for Biden's handlers to appoint the director of the National Economic Council— responsible for the coordination of policymaking on both domestic and international economic issues—naturally they turned to Brian Deese, the former global head of sustainable investing at BlackRock Inc.
Indeed, by 2019, BlackRock's ascension to the height of political power was complete. At the same time that the World Economic Forum was appointing Fink as a member of its Board of Trustees, then-presidential candidate Joe Biden was making the pilgrimage to Wall Street to beg for BlackRock's support in the fight against Trump. "I'm here to help," Fink reportedly assured Biden.
And the rest, as they say, is history.
. . . or, more accurately, the present. Because when we peel back the layers of propaganda from the past three years, we find that the remarkable events of the scamdemic have absolutely nothing whatsoever to do with a virus. We are instead witnessing a changeover in the monetary and economic system that was conceived, proposed and then implemented by (you guessed it!) BlackRock.
And that, ladies and gentlemen, will be the focus of part 2 of this exploration. Stay tuned! . . .
Do NOT comply.
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Billionaire Larry Fink is also a director at the liberal-fascist Council on Foreign Relations (CFR), a member of the Trilateral Commission, and a trustee at the Davos WEF, a CFR affiliate. Thomas Donilon, head of BlackRock's own "think tank", is a CFR/Trilateral member.
Pete Peterson of Blackstone was CFR chairman (1985-2006), and his partner Steve Schwarzman is a long-time CFR member. David Rubenstein, founder of the Carlyle Group, is the current CFR chairman. Fed chair Powell, a former Carlyle partner, is a CFR member. Treasury secretary Yellen is a CFR member, and former secretary Geithner is a CFR director.
BlackRock, Blackstone, and Pfizer are corporate "partners" of CFR and WEF. BlackRock controls $23B worth of Pfizer shares, and all have profited greatly from the ongoing "covid vax" scam. They're also earning billions for their "stakeholders" from weapons purchased by US taxpayers and dumped into Ukraine, the manufactured "energy crisis", etc. CFR "partners" include Lockheed, Boeing, Raytheon, Exxon, Chevron, BP, and Shell.
CFR corporate members: https://www.cfr.org/membership/corporate-members
CFR directors: https://www.cfr.org/board-directors
CFR Fink profile: https://www.cfr.org/bio/laurence-d-fink
Wiki Donilon profile: https://en.wikipedia.org/wiki/Thomas_E._Donilon
WEF corporate partners: https://www.weforum.org/partners#search
WEF trustees: https://www.weforum.org/about/leadership-and-governance
So, what is the deal with The Vanguard Group? They are also in every single one of those lists in the article. If you just scratch beneath the surface a little bit, you find that The Vanguard Group is the biggest stakeholder in Pfizer and is the largest shareholder of BlackRock shares. Not to mention, the wealthiest families in the world are associated with Vanguard Group funds. ￼Can’t help but think that is by design. If not, it’s a pretty good coincidence.