The Long Shadow of BlackRock

The Long Shadow of BlackRock

Josh Walkos

During the last two major crises, in 2008 and 2020, the average person was worried about their retirement or the small business they had taken their life to build up into a viable enterprise. While they were in the fog of war at this time, largely unaware of the high-level moves being made, the financial services company BlackRock took this opportunity to ingratiate itself with the United States government. Right underneath the world’s nose the reins of control changed hands with what amounts to a financial coup that would leave BlackRock with at least $10 trillion dollars worth of assets under management. How did this happen to a company that until recently was little known to the average person? To answer this question we have to go back 34 years.

The 2007-2008 Global Financial Crisis catapulted BlackRock into financial dominance. Wall Street turned to BlackRock for help, with firms like AIG, Lehman Brothers, Fannie Mae, and Freddie Mac all hiring them to sort through their complex credit obligations.[3] The US government also turned to BlackRock. Treasury Secretary at the time, Timothy Geithner, and the Federal Reserve both consulted Fink and his firm for help with bailouts, including the rescue of AIG, Bear Stearns, and Citigroup.[4][5]

BlackRock’s influence grew over the years, with powerful politicians, central bankers, and financial insiders joining as advisors, board members, and executives. This has helped BlackRock ensure it’s at the center of important political events.[6] BlackRock founder Larry Fink has consistently sought political influence, bringing figures like Friedrich Merz, George Osborne, and Cheryl Mills on board. Former central bankers like Stanley Fischer and Philipp Hildebrand have also joined the firm.[7]

In August 2019, Larry Fink, CEO of BlackRock, joined the World Economic Forum (WEF) Board of Trustees, the same day the financial coup began. But first, let’s understand the US monetary system, which has two types of money: “bank money” (for the real economy) and “reserve money” (held by banks at the Fed).[8] Historically, the Fed couldn’t “print money” in the traditional sense. Instead, it created reserve money, allowing banks to lend out more bank money in the real economy. But in 2020, the correlation between the Fed balance sheet and commercial bank deposits changed dramatically. The video below will give you a detailed background on where money comes from.[9]

The gap between Fed-created reserve money and bank-created bank money acts as a type of circuit breaker, and this is why the flood of reserve money that the Fed created in the wake of the global financial crisis of 2008 did not result in a spike in commercial bank deposits.

In 2020, the “COVID-19 pandemic” provided the perfect excuse for central banks to pump trillions of dollars directly into the economy. But who would manage this unprecedented bailout? The answer: BlackRock.

Were you aware that in March 2020, the Federal Reserve hired BlackRock to manage three separate bailout programs during the economic crisis?[13] BlackRock was hired to manage the Fed’s commercial mortgage-backed securities program, purchases of newly issued corporate bonds, and purchases of existing investment-grade bonds and credit ETFs.

This wasn’t just an opportunity for BlackRock to gain access to government funds, but also a chance to bail out one of its most valuable assets: iShares, the collection of ETFs it acquired from Barclays for $13.5 billion in 2009, which had grown to a $1.9 trillion giant by 2020.

As Wall Street On Parade reported, BlackRock was allowed by the Fed to buy its own corporate bond ETFs, with taxpayers potentially eating losses that might otherwise accrue to billionaire Larry Fink’s company and its investors.[14]

This article only scratches the surface. To truly grasp the extent of BlackRock’s influence you must understand how Vanguard ties into the story. However this is a story for another article but in the meantime you can have a look at this reference to get a sense of Vanguard’s and Blackrock’s combined power.[27]

Blackrock is a leviathan, encompassing every aspect of society. As you can see, it sets the agenda that governments, central banks, and corporations follow. At this point it would be prudent to take them at their word that they are building a worldwide AI System control grid that can de-rank businesses, institutions, and eventually individuals if they do not comply with the ESG Agenda.

This falls in line perfectly with Agenda 2030, the UN’s Sustainable Development Goals, and the World Economic Forum’s stated goals. The conspiracy is an open one if you know where to look and with the 2020 Going Direct Reset, BlackRock has conquered the planet, acting in every conceivable role, violating conflict-of-interest rules, and cementing its position as The Company That Owns The World.[28]

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