BlackRock recruiter claims 'war is good for business,' says asset management giant 'decides people's fate'
By jdheyes // 2023-06-23
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A recruiter for asset management behemoth BlackRock has made some startling admissions about how the company operates, why it operates the way it does, and how much global influence it really has. In its latest undercover sting, the media organization founded by former Project Veritas principal James O'Keefe "published a new story focusing on perhaps [his] most powerful investigative subject to date, BlackRock Inc.," said a post by O'Keefe Media Group, also known as OMG. The recorded video showcases Serge Varlay, a recruiter from BlackRock, who reveals in approximately seven minutes of captivating undercover footage how BlackRock holds the ability to exert influence on a global scale. The footage was clandestinely filmed during a series of meetings in New York by one of the skilled undercover journalists from OMG News, the report says. BlackRock Inc, the world's largest asset management company, has garnered increased attention recently due to its substantial acquisitions. In a revealing statement, Varlay acknowledges that BlackRock finds it advantageous to operate when "people aren't thinking about it" and prefers to remain inconspicuous, away from the public radar. Varlay told our journalist that BlackRock manages $20 trillion dollars worldwide, leading him to say, “It’s incomprehensible numbers.” In addition, it has over $9.5 trillion of assets under management, which is more than the GDP of all countries on the globe except the US and China. What he said about the ease at which U.S. lawmakers can be bought (and presumably sold) is incredibly low. "You can take this big f*** ton of money and buy people, I work for a company called BlackRock…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**kin 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," Varlay claimed. Varlay doesn’t stop there. According to OMG, he went on to describe what people in his line of work think about the tragedies related to war, to which he said: [It's] real f**king good for business." "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 the wheat market. The price of bread goes up, this is fantastic if you’re trading. Volatility creates opportunity for profit," he added. He also said its “exciting when s*** goes wrong.” BlackRock is a global investment management firm headquartered in New York City. The company was founded in 1988 by a group of entrepreneurs led by Larry Fink, who still serves as the CEO. BlackRock's success is driven by its focus on risk management, technology, and innovation. The company's investment approach is based on the belief that risk and return are closely related, and that active management can add value over time. BlackRock's investment teams use a range of quantitative and qualitative tools to identify opportunities and manage risk. The company's Aladdin platform, which was developed in-house, is a key part of its technology infrastructure. Aladdin is an integrated platform that provides real-time risk analytics, portfolio management, and trading tools to BlackRock's investment teams and clients. In recent years, BlackRock has faced criticism from some quarters over its role in the global financial system. The company's size and influence have led some to question whether it has become too powerful, and whether it poses a systemic risk to the financial system. BlackRock has responded to these concerns by emphasizing its commitment to risk management and its role as a responsible steward of its clients' assets. These people are evil. Sources include: OkeefeMediaGroup.com CNBC.com
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