Tag: BlackRock

BlackRock’s rise reveals the dark direction of monopoly capitalism

Tina Marie (Ms. Cat)

BlackRock’s rise reveals the dark direction of monopoly capitalism

BlackRock has emerged as the top player in this brutal late-stage neoliberal order, a “vampire squid” that profits from the intensifying exploitation of the proletariat and the overall decay of society. The fact that it’s now the central part of American capitalism has exposed our system for what it is: a plutocracy that’s slowly imploding in on itself and feeding off of the resulting carnage.

BlackRock Authored the Bailout Plan Before There Was a Crisis – Now It’s Been Hired by three Central Banks to Implement the Plan

Tina Marie (Ms. Cat)

BlackRock Authored the Bailout Plan Before There Was a Crisis – Now It’s Been Hired by three Central Banks to Implement the Plan

It’s called “Going Direct.” That’s the financial bailout plan designed and authored by former central bankers now on the payroll at BlackRock, an  investment manager of $7 trillion in stock and bond funds. The plan was rolled out in August 2019 at the G7 summit of central bankers in Jackson Hole, Wyoming – months before the public was aware of any financial crisis. One month later, on September 17, 2019, the U.S. Federal Reserve would begin an emergency repo loan bailout program, making hundreds of billions of dollars a week in loans by “going direct” to the trading houses on Wall Street.

The decline of neoliberal globalization and the fascistic restructuring of American capitalism

Tina Marie (Ms. Cat)

The decline of neoliberal globalization and the fascistic restructuring of American capitalism

The future these oligarchs and corporate giants want is one where living standards are improved enough for workers and poor people to stop organizing, and where dissension is kept in check by intensive surveillance and a militarized police state. This is the repressive, extremely unequal, and globally isolated version of American capitalism that’s going to follow the country’s era as a hegemonic power.

BlackRock Takes Command

Tina Marie (Ms. Cat)

BlackRock Takes Command

BlackRock’s CEO Larry Fink may now be the most powerful man in the world, overseeing not just the Fed’s new (potentially $4.5 trillion) corporate slush-fund, but also managing $27 trillion of the global economy (even before the March appointment). As the world’s largest asset manager, BlackRock already was managing $7 trillion for its global corporate investor-clients, along with another $20 trillion for clients through its financial risk-monitoring software (called Aladdin).