BlackRock: The Secret Company that Owns the World
Why the American dream is dying in 2023
BlackRock, Fidelity, Vanguard and State Street are the four horsemen of the global economy. They own the world. They own you.
Anytime you act economically you are transacting with BlackRock.
This means:
They owns considerable shares in both Fox and CNN; they own the media and influence bipartisan information flow.
They own big pharma and are the third-largest shareholder in Pfizer
They own food, they own major shares in Pepsi and Coke
They own much of Google and Apple
BlackRock, along with Vanguard and the asset management company, State Street, own nearly 90% of all S&P 500 companies.
There is no escaping.
One of us! One of us!
In fact, BlackRock is so powerful that they are infamously considered the “fourth branch of government.” So let’s talk about how they’re controlling your life.
Why You Should Be Scared of BlackRock
Founded by Larry Fink in 1988, BlackRock is the most powerful Wall Street fund in the world with $9 trillion worth of assets under management. That’s larger than the GDP of every country around the globe, except China and the U.S.
If you were to make $1 every second, you would be worth as much as BlackRock in about 240,000 years.
This, however, isn’t why you should be scared of BlackRock. You should be scared because they are the lynchpin between Wall Street and Washington D.C.
During the 2008 housing crisis when the government bailed out “too big to fail” giants like Lehman Brothers, Citi Group, AIG, Fannie Mae and Freddie Mac the Federal Reserve hired BlackRock to clean up their mess.
“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!” — Even Heike Buchter, German financial correspondent covering Wall St. for over a decade
BlackRock is nonpartisan.
Dozens of BlackRock’s employees have held positions in the George W. Bush, Barack Obama, and Joe Biden administrations. They only care about money.
Even if BlackRock somehow became insolvent, rest assured the gov would gladly and immediately bail them out.
They are basically the Fed 2.0.
BlackRock Destroyed the American Dream
Do you remember when the housing market suddenly skyrocketed in price last year? That was BlackRock and its sister company Blackstone. BlackRock bought up thousands of tracts of residential housing paying 20–50% above asking price.
They destroyed the American dream for many middle-class Americans.
As a result, we now have one company with an outsized monopoly on the real estate available to the working and middle class.
As of 2023, at least three executives from BlackRock operate notable positions in President Joe Biden’s cabinet. BlackRock’s influence only grows like a malignant tumor.
According to William D. Cohan, author of the best-selling ‘House of Cards,’ BlackRock’s founder Larry Fink is “like the Wizard of Oz. The man behind the curtain.”
BlackRock’s Next Big Move
This time last year BlackRock’s CEO Larry Fink announced that he will start punishing companies if they are not woke enough.
Seriously, he used the word “woke.”
Two days later Neil Young threatened to remove his music from Spotify because Joe Rogan spoke against vaccines. There’s only one problem, Young doesn’t own his music. Reprise Records owns it, and they are owned by Warner Media. Of course, they are all on board with removing it though.
Days pass and Joni Mitchell also comes out and says she’s removing her music if they don’t shut down the JRE Podcast. Who owns her music? Warner Media. Who owns Warner Media?
BlackRock. BlackRock owns everything.
In fact, how “woke” a company is has a term: Environmental, Social, Governance.
ESG refers to a set of rules determining how socially conscious a company is. Bloomberg expects global ESG assets to exceed $53 trillion by 2025. This would represent more than a third of the projected total assets under management.
ESG ratings aren’t put to a vote. You have no say. It’s an autocratic system with BlackRock and Vanguard at the helm. Tyranny is here. Crony capitalism is here.
What you can do about it
Most media coverage of BlackRock seems to get quietly de-prioritized and shuffled out of the mainstream view. It’s effectively deleted.
And as the famous science-fiction writer Aldous Huxley concluded, one-third of the population can easily be hypnotized, another one-third teeters between being hypnotized and not at all, and the last third can never be hypnotized.
In other words, we’re not too bright as a society.
We constantly focus on surface-level issues.
We believe the gender of Spider-Man is important politics and that the Super Bowl should be considered a national holiday. You, myself and the rest of my readers should pool our funds and start a bunker out in Nevada.
Nobody from BlackRock is getting an invite.
Meanwhile, politicians like Elizabeth Warren, Ted Cruz, and Gov. Ron Desantis down in Florida have called out BlackRock and rejected ESG in some form. We need to elect politicians who see the big picture—who see the forest through the trees. If corporations like BlackRock continue to have their way Wall Street and other elites won’t suffer, we will:
“This may sound trite, but it’s really important for me to be perceived as a good human being, a caring individual who always comes across as real and unpretentious. And one thing I tell everybody — you may not be able to print this — is that I’m the same turd I was 30 years ago, and I really am proud of that.” — Larry Fink, CEO of BlackRock
Appreciate the succinct overview. As Michael Caine once famously said "Not many people know that." It's funny how the less subterfuge there is eg: the more blatant these arrogant fuckers get the less anyone notices!
guy who just discovered BlackRock