2022 JUL 25 Meet A Davos Disciples #10 Blackrock’s Larry Fink

BACKGROUND HEADLINES: Meet key players linked to the World Economic Forum.

As Senator for South Australia Alex Antic warned Parliament last year 2021, the WEF might lobby on issues such as climate change, so-called systemic racism and sexism and creating an online digital identity.

However, “closer inspection reveals the World Economic Forum is an anti-capitalist, anti-free market organisation that seeks to subvert Western values and political processes”.

Over 20 Australians have completed the WEF’s Young Global Leaders program.

Dozens more have attended Davos summits and have made key contributions to WEF policies and initiatives.

Our special correspondent Kurt Mahlburg has the story below

BACKGROUND HEADLINES: The highly popular series of biographies on key people linked to the World Economic Forum (WEF) once again goes global. CEO Larry Fink

Focusing this time on the Chief Executive Officer of the multinational investment corporation BlackRock^[1]SEE URL: https://www.blackrock.com/au  that — along with Vanguard^[2]SEE URL: https://www.vanguard.com.au/personal/ and, to a lesser extent, State Street^[3]SEE URL: https://www.statestreet.com/about/office-locations/australia/business-units.html — is on its way to owning just about everything.

If you want to read more about how BlackRock, Vanguard and State Street are on the verge of owning almost everything, please read this post “These 3 corporations could own EVERYTHING!” from a month ago, which now has been de-paywalled.

Contributed by Kurt Mahlburg

Laurence “Larry” Fink is an American billionaire businessman and one of the most powerful men in the financial world.

He is the Founder, Chairman and CEO of BlackRock, the world’s largest investment firm which manages more than US$10 trillion in assets.

Fink sits on the Board of Trustees^[4]SEE URL: https://www.weforum.org/press/2020/09/world-economic-forum-appoints-new-members-to-board-of-trustees-3b4f679708 of the World Economic Forum.

Not one to shy away from elite circles, Fink is also a Board Member^[5]SEE URL: https://www.cfr.org/bio/laurence-d-fink of the Council on Foreign Relations and a member of Kappa Beta Phi, a secret society made up of high-ranking financial executives.

He is a lifelong supporter of the Democrat Party.

Fink began his career on Wall Street working for investment bank First Boston where he was successful until 1986, when his department lost US$100 million^[6]SEE URL: https://www.vanityfair.com/news/2010/04/fink-201004 on Fink’s incorrect prediction about interest rates.

Two years later, he founded BlackRock, which has since assumed such enormous power over the global financial system that it has been called “the world’s largest shadow bank”^[7]SEE URL: https://www.economist.com/news/special-report/21601621-banks-retreat-wake-financial-crisis-shadow-banks-are-taking-growing.

One senior bank executive has described it as “almost a shadow government”.

In 2021, BlackRock drew the ire of Americans with news that it was buying up US residential property^[8]SEE URL: https://slate.com/business/2021/06/blackrock-invitation-houses-investment-firms-real-estate.html at a time when middle America was already struggling to recover from the COVID mania-induced economic downturn.

This wasn’t the first time Larry Fink has capitalised on the financial woes of the middle class.

According to Business Insider^[9]SEE URL: https://www.businessinsider.com/how-larry-fink-ricocheted-to-wall-street-success-in-the-shadows-2012-4#fink-is-credited-with-helping-develop-the-subprime-mortgage-market-2 and CNN,^[10]SEE URL: https://money.cnn.com/2008/10/28/magazines/fortune/blackrock_brooker.fortune/index.htm Larry Fink is one of the masterminds behind the subprime mortgage market, which was considered an incredible innovation until it spiralled out of control, causing the 2008 Global Financial Crisis (GFC).

In a twist of irony, the US Federal Government hired BlackRock as an adviser during the GFC bank bailouts, meaning that Fink capitalised on both ends of the crisis.

BlackRock has been awarded lucrative government contracts without competitive bidding.

Questions over conflict of interest^[11]SEE URL: http://www.vanityfair.com/business/features/2010/04/fink-201004 have long haunted Fink, given his close ties to senior government officials.

Owing to those contracts, BlackRock has a privileged view into a broad swathe of financial markets, leading to further suspicions about BlackRock’s ethical integrity.

True to World Economic Forum dogma, Larry Fink is an advocate of “corporate socialism” and “stakeholder capitalism” — management concepts that prioritise woke social policies over shareholder profits.

(Editor’s note: The term “stakeholder capitalism” is also code for having corporations such as BlackRock act like tyrannical governments, setting behavioural requirements for their captive customers.)

He is an outspoken proponent of ESG (Environmental, Social, Governance) standards and diversity hiring targets, both of which he has employed at BlackRock.

Fink has publicly praised^[12]SEE URL: https://www.wsj.com/articles/china-has-one-powerful-friend-left-in-the-u-s-wall-street-11606924454 the Chinese Communist Party regime, and his company has invested in surveillance companies used by the Chinese military.^[13]SEE URL: https://media.defense.gov/2021/Jun/03/2002734519/-1/-1/0/ENTITIES-IDENTIFIED-AS-CHINESE-MILITARY-COMPANIES-OPERATING-IN-THE-US.PDF

This has drawn the ire of advocacy group Consumers’ Research which has set up campaign websites dedicated to exposing the agenda of Fink and his company, including www.whoislarryfink.com and https://blackrockloveschina.com

In Fink’s own words,^[14]SEE URL: https://www.foxbusiness.com/business-leaders/blackrocks-larry-fink-rattles-employees-amid-political-posturing “[I am] a globalist and I’m proud of it.”

This article for today’s edition of Nation First was contributed by Kurt Mahlburg, an editor at the Daily Declaration who also blogs at kurtmahlburg.blog.

ORIGINAL SOURCE: Date-stamped: 2022 JUL 25 - Author: Kurt Mahlburg - Article Title: Davos disciple: Blackrock's Larry Fink - Article Link 01: nationfirst.substack.com

ORIGINAL SOURCE: Date-stamped: 2022 JUL 21 - Author: George Christensen - Article Title: These 3 corporations could own EVERYTHING! - Article Link 02: nationfirst.substack.com

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