BlackRock’s Shadow History

In the wake of the 2008 financial crisis and the impending 2020 economic collapse, the typical person was understandably concerned about their retirement security or the future of the small business they had worked so hard to establish. BlackRock’s shadow history continued.

While most people were still in the dark about what was happening at the top, BlackRock, a financial services firm, took advantage of the situation to curry favor with the U.S. government. What amounts to a financial coup took place right under the eyes of the world, leaving BlackRock in charge of at least $10 trillion in assets. 

How did this happen to a company that was relatively unknown until recently? We must go 34 years to find the solution to this question.

Larry Fink and his business partners started BlackRock in 1988 after Fink lost $100 million at First Boston. Pete Peterson and Stephen Schwarzman, co-founders of Blackstone, offered a $5 million line of credit in exchange for 50% ownership of the company, which was then known as Blackstone Financial Management. 

BlackRock broke away from Blackstone in 1994 and went public on the NYSE in 1999 at $14 per share with $165 billion in assets under management. After that, there were several mergers and acquisitions, including one in 2006 with Merrill Lynch Investment Managers.

BlackRock’s Short Shadow History

BlackRock’s shadow historical rise to financial domination began with the 2007–2008 financial crisis. Companies on Wall Street hired BlackRock to assist them in managing their complicated credit commitments, including AIG, Lehman Brothers, Fannie Mae, and Freddie Mac.

The United States government also used BlackRock. To assist with bailouts like those that saved AIG, Bear Stearns, and Citigroup, then-Treasury Secretary Timothy Geithner and the Federal Reserve turned to Fink and his company.

With the addition of influential politicians, central bankers, and financial insiders as consultants, board members, and executives, BlackRock’s clout rose over time. Thanks to this, BlackRock can now more confidently position itself in the epicenter of major political events. 

Larry Fink, BlackRock’s founder, has made it a point to surround himself with influential politicians throughout his career, including Friedrich Merz, George Osborne, and Cheryl Mills. Stanley Fischer and Philipp Hildebrand, formerly of central banks, have also joined the company.

Larry Fink, CEO of BlackRock, was a member of the World Economic Forum’s (WEF) Board of Trustees on the day of the financial coup in August 2019. First, it is vital to grasp that there are two forms of currency in the United States monetary system: bank money (which circulates in the actual economy) and reserve money (which banks keep with the Federal Reserve). 

The Fed has never been able to “print money” in the conventional sense. Instead, it produced bank reserve money, which the banks could use to expand their financial lending. The link between the Fed’s balance sheet and commercial bank deposits used to be strong, but that all changed in 2020. BlackRock’s shadow history is shrouded in mystery.

In the wake of the 2008 worldwide financial crisis, the Federal Reserve issued a flood of reserve money. However, this did not lead to a corresponding increase in commercial bank deposits because of the discrepancy between the two types of money. Start preparing for food shortages in the upcoming months.

By the time of the pandemic bailouts in 2020, the total quantity of bank money sitting in deposits in commercial banks in the US had unexpectedly soared in lockstep with the growing balance sheet of the Federal Reserve. BlackRock’s shadow history goes like this.

To Reset Directly

BlackRock’s “Dealing with the next downturn” paper from August of 2019 suggested a new strategy, “Going Direct.” Specifically, central banks bypassed conventional channels and coordinated fiscal policy via “standing emergency fiscal facilities.”

Interest from central bankers resulted in their gathering at Jackson Hole, Wyoming, on Fink’s appointment date (August 22, 2019) for the annual Jackson Hole Economic Symposium. The September 2019 retail money circuit saw the first signs of Fed money creation—the financial coup known as the Going Direct Reset had begun.

BlackRock’s paper, published a week before the 2019 symposium (which gathers central bankers, policymakers, economists, and academics to discuss economic issues and policy options), was carefully crafted to set the parameters of that discussion.

Concerned about central banks’ ability to weather a recession in 2019, Blackrock argues in the aforementioned research that we need not “The Great Reset” but “The Going Direct Reset.”

“An unprecedented response is needed when monetary policy is exhausted and fiscal policy alone is not enough. That response will likely involve “going direct”: Going direct means the central bank finding ways to get central bank money directly in the hands of public and private sector spenders. Going direct, which can be organised in a variety of different ways, works by: 1) bypassing the interest rate channel when this traditional central bank toolkit is exhausted, and; 2) enforcing policy coordination so that the fiscal expansion does not lead to an offsetting increase in interest rates.”

You must grasp this concept. They devised something they refer to as a “Standing Emergency Fiscal Facility” (SEFF). They would deposit funds from commercial banks into the business accounts of various government and private organizations.

“Any additional measures to stimulate economic growth will have to go beyond the interest rate channel and “go direct” – when a central bank crediting private or public sector accounts directly with money. One way or another, this will mean subsidising spending – and such a measure would be fiscal rather than monetary by design. This can be done directly through fiscal policy or by expanding the monetary policy toolkit with an instrument that will be fiscal in nature, such as credit easing by way of buying equities. This implies that an effective stimulus would require coordination between monetary and fiscal policy – be it implicitly or explicitly.”

This was back in August of 2019; COVID entered the picture a few months later. Central banks started employing this revolutionary new fiscal intervention less than a month after BlackRock recommended it.

The following table illustrates the relationship between the Federal Reserve’s balance sheet and deposits at commercial banks:

By 2020, the “COVID-19 epidemic” has given governments a convenient pretext for spending massive amounts of money to stimulate the economy. But who would be in charge of this historic bailout? BlackRock is correct.

Did you know that in March of 2020, when the economy was in trouble, the Federal Reserve recruited BlackRock to oversee not one but three bailout programs? The Federal Reserve has appointed BlackRock to handle its commercial mortgage-backed securities program and its purchases of freshly issued corporate bonds, existing investment-grade bonds, and credit exchange-traded funds (ETFs).

Did BlackRock’s Shadow History Hit The Jackpot With This Bailout?

This was not simply a chance for BlackRock to get its hands on some government money; it was also a chance to save iShares, the family of exchange-traded funds (ETFs) it bought from Barclays in 2009 for $13.5 billion and which would balloon to a $1.9 trillion behemoth by 2020.

According to Wall Street On Parade, the Federal Reserve has permitted BlackRock to purchase its own corporate bond ETFs, potentially leaving taxpayers on the hook for losses that would generally go to billionaire Larry Fink’s firm and its investors.

The New York Times attempted to cover up the fraud by reporting that BlackRock could make no more than $7.75 million annually from its primary bond portfolio. However, they needed to recognize the driving factor behind BlackRock’s 11.5% revenue growth to $261 million in Q2 2020 from an increase in ETFs.

Directly taken from the article:

“Even if BlackRock waives its fees from the purchases that the Fed is making, the fact that it is associated with this program means that other investors are going to rush into BlackRock funds. BlackRock obviously generates fees from those flows. So the net result is that this is very lucrative for BlackRock.”

BlackRock’s ability to rescue its own ETF funds from the Fed led to iShares’ AUM surpassing $3 trillion. The Federal Reserve was not the only institution using BlackRock to oversee its activity in the market. Both the Bank of Canada and the Riksbank of Sweden enlisted the services of BlackRock’s Financial Markets Advisory (FMA) in 2020, the former in April and the latter in May. BlackRock has become the global authority on central bank policy.

In light of BlackRock’s outsized role in the world’s financial system, it is essential to learn more about the firm’s influential tools and dedication to the ESG (environmental, social, and governance) agenda. BlackRock’s Aladdin (an acronym for “asset, liability, debt, and derivative investment network”) is a proprietary investment research system that has been at the center of BlackRock Solutions since its inception in 1993. 

It oversees risk, trading, compliance, and operations all at once. There are currently over 200 institutions using Aladdin to manage over $21 trillion in assets. That massive sum of money relies only on BlackRock’s secret algorithms.

We all know that BlackRock places a high priority on using innovative technology like AI and learning algorithms. The corporation is using computer algorithms, such as “Monarch,” to replace underperforming human stock pickers.  But what exactly does BlackRock hope to accomplish with its Aladdin and AI projects? 

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Well, Larry Fink, CEO, communicates the company’s goals yearly in a “letter to CEOs.” He has been a vocal supporter of the ESG agenda in recent years, prioritizing sustainability and moving toward a net-zero world, among other goals.

The elites think tanks are creating ESG as a collection of indicators to provide a social credit score for businesses. Companies will lose their ESG rating and investors if they do not follow globalist principles. Corporate giants like BlackRock utilize their influence as asset managers to push the ESG agenda forward. They have even released Aladdin Climate, an investing risk calculator based on climate projections.

BlackRock uses its superior technology, AI, and financial clout to drive the ESG agenda and influence business practices worldwide. Realizing the significance of this change is essential.

BlackRock’s shadow history is more than just a financial services company. It has grown into a political and technological behemoth capable of steering the funds of the world’s most significant banks and corporations. It has far-reaching effects on businesses and people alike. 

BlackRock predicts that in the future, unaccountable AI algorithms will control the flow of capital, the terms of digital transactions, and the company’s standing in ESG rankings. It is a society where a few people have all the power.

Fink’s “The Power of Capitalism” Investor Letter from 2022 details the ESG Agenda.

“It’s been two years since I wrote that climate risk is investment risk. And in that short period, we have seen a tectonic shift of capital. Sustainable investments have now reached $4 trillion. Actions and ambitions towards decarbonization have also increased. This is just the beginning – the tectonic shift towards sustainable investing is still accelerating. Whether it is capital being deployed into new ventures focused on energy innovation, or capital transferring from traditional indexes into more customized portfolios and products, we will see more money in motion. Every company and every industry will be transformed by the transition to a net zero world. The question is, will you lead, or will you be led?”

On he goes:

“Stakeholder capitalism is all about delivering long-term, durable returns for shareholders. And transparency around your company’s planning for a net zero world is an important element of that. But it’s just one of many disclosures we and other investors ask companies to make. As stewards of our clients’ capital, we ask businesses to demonstrate how they’re going to deliver on their responsibility to shareholders, including through sound environmental, social, and governance practices and policies.”

Financializing nature through so-called “natural asset businesses” is a dictatorial goal of ESG. Extortion describes this situation in any normal society.

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In Summary

This article only skims the surface of the subject. You need to know where Vanguard fits into the story to appreciate BlackRock’s sway fully. But it is a tale for another article; in the meantime, check out this source to learn about the combined strength of Vanguard and Blackrock.

Blackrock’s shadow history is like a leviathan, reaching into every facet of modern life. As you can see, it determines the policies that states, banks, and businesses will implement. It is safe to assume they are serious about creating a global control grid of artificial intelligence systems that can demote companies, organizations, and individuals who do not toe the ESG Agenda’s line.

The goals of the World Economic Forum, the United Nations’ Sustainable Development Agenda, and Agenda 2030 are all entirely compatible with this. It is all out in the open if you know where to look. With 2020 Going Direct Reset, BlackRock will have completed its worldwide conquest, playing every imaginable role while breaking every conflict-of-interest guideline in the book.