BlackRock is a global financial giant with customers in 100 countries and its tentacles in major asset classes all over the world; and it now manages the spigots to trillions of bailout dollars from the Federal Reserve. The fate of a large portion of the country’s corporations has been put in the hands of a megalithic private entity with the private capitalist mandate to make as much money as possible for its owners and investors; and that is what it has proceeded to do.
To most people, if they are familiar with it at all, BlackRock is an asset manager that helps pension funds and retirees manage their savings through “passive” investments that track the stock market. But working behind the scenes, it is much more than that. BlackRock has been called “the most powerful institution in the financial system,” “the most powerful company in the world” and the “secret power.” It is the world’s largest asset manager and “shadow bank,” larger than the world’s largest bank (which is in China), with over $7 trillion in assets under direct management and another $20 trillion managed through its Aladdin risk-monitoring software. BlackRock has also been called “the fourth branch of government” and “almost a shadow government”, but no part of it actually belongs to the government. Despite its size and global power, BlackRock is not even regulated as a “Systemically Important Financial Institution” under the Dodd-Frank Act, thanks to pressure from its CEO Larry Fink, who has long had “cozy” relationships with government officials. Continue reading
Filed under: Ellen Brown Articles/Commentary | Tagged: bailouts, BlackRock, CARES Act, ETFs, exchange-traded funds, Federal Reserve, Nationalize the Fed, public banking, US Treasury, wall street | 60 Comments »
From Lockdown to Police State: The “Great Reset” Rolls Out
Mayhem in Melbourne
On August 2, lockdown measures were implemented in Melbourne, Australia, that were so draconian that Australian news commentator Alan Jones said on Sky News: “People are entitled to think there is an ‘agenda to destroy western society.’”
The gist of an August 13th article on the Melbourne lockdown is captured in the title: “Australian Police Go FULL NAZI, Smashing in Windows of Civilian Cars Just Because Passengers Wouldn’t Give Details About Where They Were Going.”
Another article with an arresting title was by Guy Burchell in the August 7th Australian National Review: “Melbourne Cops May Now Enter Homes Without a Warrant, After 11 People Die of COVID — Australia, This Is Madness, Not Democracy.” Continue reading →
Filed under: Ellen Brown Articles/Commentary | Tagged: coup d'etat, covid-19, Great Reset, Imperial College London, Lockdown, mandatory vaccination, Melbourne, PCR test, police state, surveillance | 55 Comments »