YogSothoth (@YogSothoth)
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My beefs with Blackrock. They manage hundreds of billions of dollars worth of pension funds and 401ks. That means they own enough of many companies to get on the board of directors. And once there, they promote anti-white diversity policies. So they aren't even doing this with their own money. If you have a pension or a 401k, they're doing it with your money. Second, Blackrock is apparently buying up houses on a large scale, reportedly at prices well above market. They can buy those houses because they can borrow money much more cheaply than you can, so they can buy houses at a lower real cost than you can. This borrowed money is not given to them by the Fed, but Fed policies of bottom low rates are keeping their borrowing costs low. If houses prices rise substantially Black Rock makes a big profit on the sale of their assets. But what if there is another housing crash? If I bought those houses it would be tough luck for me, I'd face personal bankruptcy. But Black Rock is too big to fail, and will be bailed out by the Fed in that case. So they have a bet they can't lose. Also, don't assume that if the house prices go up it's because American are doing well. There are rich people in China, the Middle East, and other places who are more likely to be the buyers. Blackrock doesn't care if more of America is sold to foreigners so long as they can profit. Finally, Blackrock is the Fed's broker for corporate bonds. When the Fed buys a corporate bond, Blackrock earns a fee. I can't think of a worse finance company I'd want to see government money go to. https://www.wsj.com/articles/federal-reserve-taps-blackrock-to-purchase-bonds-for-the-government-11585085843