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Blackrock: The Largest Investment Firm Can Survive Record Inflation Better Than the Middle-Class
If you warp the numbers enough, Blackrock controlling only $9 TRILLION in assets really isn't all that much. It's far below their potential and is not that much, says New York's largest investment firm that cycles through Economic Policy advisors to Washington like one changes underwear. It's a big swamp, and you ain't in it.
Would it be so bad if these big firms controlled this much capital if they did it legitimately? No, but that's not the world we live in. They are big players, rapidly expanding in areas that are financed and subsidised by the Federal Government, especially in the Green Tech Industry.
Blackrock has advocated for more taxation, as they can survive it, but their competition cannot. They can also live through the record setting inflation, and thrive once people get priced out of their own homes and livelihoods.
It's not what you know, it's who you know.
Sources:
Bloomberg: https://www.msn.com/en-us/money/markets/blackrock-downplays-how-big-it-is-in-wake-of-warren-backlash/ar-AAKUYhE
Oilprice: https://oilprice.com/Energy/Energy-General/The-Great-Reset-BlackRock-Is-Fueling-A-120-Trillion-Transformation-On-Wall-St.html
Business Insider: https://www.businessinsider.com/what-to-know-about-blackrock-larry-fink-biden-cabinet-facts-2020-12
CNN Business: https://www.cnn.com/2021/03/17/economy/economy-taxes-trump-blackrock/index.html
The Epoch Times: https://www.theepochtimes.com/annual-inflation-soars-to-5-percent-in-biggest-jump-since-2008_3852981.html
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#Blackrock #Inflation #Economy
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