Important Takeaways:
- BlackRock Chief Warns Davos Elites: Trump Victory Poses ‘Fundamental’ Challenge to Europe
- The prospect of a Donald Trump return to the White House in 2024 poses a “fundamental” challenge to Europe, the leader of the world’s largest investment company warned Tuesday.
- The Daily Telegraph reports BlackRock vice chairman Philipp Hildebrand issued his caution from the sidelines of the World Economic Forum (WEF) in Davos, Switzerland.
- In doing so he added his voice to the swelling chorus from Europe that fears a Trump return to the world stage.
- [Why? Because] given Trump’s determination to embrace America First in matters from trade to diplomacy, NATO funding, and climate policy.
- For his part, Hildebrand urged Europe to seize the opportunity to transform itself into a technological superpower that was less dependent on America. He added Europe’s capabilities on defense were “just not there” and required a rethink. Hildebrand said:
- He spoke within hours of Trump’s stunning victory in the Iowa Republican presidential caucuses, as Breitbart News reported.
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Important Takeaways:
- BlackRock, Vanguard, State Street Are ‘Most Powerful Cartel in History’, Says Vivek
- Republican presidential hopeful Vivek Ramaswamy has declared the BlackRock, State Street, and Vanguard corporations are “arguably the most powerful cartel in human history,” using their financial might to impose hard-left climate change policies and identity politics on much of the supposedly free market.
- “[T]hey’re the largest shareholders of nearly every major public company (even of each other) & they use *your* own money to foist ESG [Environmental, Social, and Governance] agendas onto corporate boards – voting for ‘racial equity audits’ & ‘Scope 3 emissions caps’ that don’t advance your best financial interests,” Ramaswamy accused.
- BlackRock CEO Larry Fink bragged in 2017 that mega-businesses like his were using their financial firepower to “force behaviors” on gender and race, while BlackRock recruiter Serge Varlay was caught boasting that the firm had U.S. Senators and other politician “in [its] pocket” by an undercover reporter earlier this year.
- “This raises serious fiduciary, antitrust, and conflict-of-interest concerns. As President I will cut off the real hand that guides the ESG movement – not the invisible hand of the free market, but the invisible fist of government itself,” said the tech entrepreneur, a previously unknown figure who has now pulled ahead of Florida Governor Ron DeSantis in multiple polls.
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Ecclesiastes 5:8 If you see the extortion[a] of the poor, or the perversion[b] of justice and fairness in the government, [c] do not be astonished by the matter. For the high official is watched by a higher official, [d] and there are higher ones over them! [e]
Important Takeaways:
- ‘Got 10 grand? You can buy a senator’
- A BlackRock recruiter has unleashed a firestorm with his comments on the company, its influence on Washington, and more, with those words.
- BlackRock is a major financial services company that runs trillions of dollars in assets.
- The video reveals BlackRock recruiter Serge Varlay saying, “because of the vast sums of money the company controls in the global market, they can essentially ‘run the world,'” according to a report from Daily Wire.
- And the company wants to stay under the radar, he charged.
- “They don’t want to be in the news. They don’t want people to talk about them. They don’t want to be anywhere on the radar.” He explained, “I suspect it’s because it’s easier to do things when people aren’t thinking about it.”
- He said while BlackRock is big, it’s not alone in its scheming.
- “All of these financial institutions, they buy politicians. You can take this big f*** ton of money and buy people … It’s not who is the president, it’s who is controlling the wallet of the president. You could buy your candidates. First, there is the senators, these guys are f***ing cheap. Got 10 grand? You can buy a senator. I’ll give you 500k right now … It doesn’t matter who wins, they’re in my pocket,” he said.
- “Ukraine is good for business, you know that right? Russia blows up Ukraine’s grain silos and the price of wheat is going to go mad up. The Ukrainian economy is tied very largely to the wheat market. The price of bread, literally everything goes up and down, this is fantastic if you’re trading. Volatility creates opportunity to make profit. War is real f***ing good for business.
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Revelations 13:16-18 “Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.”
Important Takeaways:
- Here are 9 fascinating facts to know about BlackRock, the world’s largest asset manager
- BlackRock, the world’s largest investment manager, has become an increasingly influential Wall Street player in Washington, DC.
- Former BlackRock investment executive Brian Deese leads Biden’s National Economic Council, effectively serving as his top advisor on economic matters.
- Biden also tapped Adewale “Wally” Adeyemo, a former chief of staff to BlackRock chief executive and longtime Democrat Larry Fink, to serve as a top official at the Treasury Department.
- Michael Pyle, BlackRock’s former global chief investment strategist who had worked in the Obama administration before joining the firm, serves as chief economic advisor to Vice President Kamala Harris.
- So what else should you know:
- BlackRock oversees $10 trillion, making it the largest money manager in the world.
- It runs a massive technology platform that oversees at least $21.6 trillion in assets.
- In 1999, BlackRock started selling Aladdin, which analyses and tracks investors’ portfolios and can help professional money managers spot risks. Today, it is a juggernaut widely used in the money management industry and beyond.
- “Vanguard and State Street Global Advisors, the largest fund managers after BlackRock, are users, as are half the top 10 insurers by assets, as well as Japan’s $1.5tn government pension fund, the world’s largest. Apple, Microsoft, and Google’s parent firm, Alphabet — the three biggest US public companies — all rely on the system to steward hundreds of billions of dollars in their corporate treasury investment portfolios.
- BlackRock has hired many former government officials into senior roles.
- The firm played a significant role in aiding the Federal Reserve in early 2020.
- The Federal Reserve tapped BlackRock during the last financial crisis, too.
- Fink has been vocal on matters of climate change, urging other companies’ leaders to consider the associated risks.
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Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- BlackRock CEO Warns of ‘Scarcity Inflation:’ ‘Something That We Haven’t Seen’
- Larry Fink, CEO, and chairman of BlackRock – the world’s biggest asset manager – admitted that Russia’s invasion of Ukraine is disrupting the world order that had been in place since the end of the Cold War.
- “The Russian invasion of Ukraine has put an end to the globalization we have experienced over the last three decades.”
- “It has left many communities and people feeling isolated and looking inward.”
- BlackRock Inc. President Rob Kapito told an audience in Austin, Texas, that an entire younger generation is quickly finding out what it means to suffer from shortages, according to Bloomberg.
- Their real wage gains are negative when factoring in inflation, and their inflation expectations in March soared to a record high.
- Younger generations tend to be renters, own nothing, and have limited savings as they spend well beyond their limits.
- Kapito warned: “I would put on your seat belts because this is something that we haven’t seen.”
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Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Inflation will clobber “entitled generation” of consumers, BlackRock president says
- It’s been at least 40 years since inflation was as high as it is today, and that means an entire generation of “entitled” consumers is about to learn some very rude lessons about life and money, according to BlackRock President Rob Kapito.
- “For the first time, this generation is going to go into a store and not be able to get what they want,” Kapito said, according to Bloomberg News.
- “And we have a very entitled generation that has never had to sacrifice,” he said, according to the outlet.
- Fink wrote: “Central banks must choose whether to live with higher inflation or slow economic activity and employment to lower inflation quickly.”
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