They aren't even using other people's money primarily. Other people are too poor to give them the kind of money that they need. They use the Federal Reserve's money, which all money is Federal Reserve money. People invest in Black Rock, but they do it on account (leveraged investment). That is they take out loans to invest. That money ultimately comes from a bank even if it is a trading platform they are borrowing from because the trading platform likely has loans. But the banks are cash negative if we kept track. No one saves and yet they have money to provide everyone with a mortgage and lend to new business and support financial firms? That money comes as a "loan" from the federal reserve to help match their cash reserves to the amount they've lent. Any time they want to "borrow" (at negative real interest rate) from the fed they just lend out more, and the fed has to give them some cash as a result. And a huge amount of that money ends up flowing to BlackRock.
There are any number of global elites trying to change the world and destroy the West. George Soros may be the most infamous. Even Mark Zuckerberg used his considerable personal wealth to put his thumb on the scale in 2020 by funding local election offices through a non-profit. While you may detest their goals and actions, at least they use their own money to gain influence and results. BlackRock CEO Larry Fink is no less determined to change how our economy and society function. However, he uses the power amassed by managing other people’s money to achieve his political goals.
One organization is calling Fink out. In October, Consumers’ Research launched a multi-million dollar ad campaign to expose BlackRock’s bad business practices and Larry Fink’s hypocritical woke principles. Now, the campaign has a website, WhoIsLarryFink.com, and a new digital ad
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There are any number of global elites trying to change the world and destroy the West. George Soros may be the most infamous. Even Mark Zuckerberg used his considerable personal wealth to put his thumb on the scale in 2020 by funding local election offices through a non-profit. While you may detest their goals and actions, at least they use their own money to gain influence and results. BlackRock CEO Larry Fink is no less determined to change how our economy and society function. However, he uses the power amassed by managing other people’s money to achieve his political goals.
>
One organization is calling Fink out. In October, Consumers’ Research launched a multi-million dollar ad campaign to expose BlackRock’s bad business practices and Larry Fink’s hypocritical woke principles. Now, the campaign has a website, WhoIsLarryFink.com, and a new digital ad
They aren't even using other people's money primarily. Other people are too poor to give them the kind of money that they need. They use the Federal Reserve's money, which all money is Federal Reserve money. People invest in Black Rock, but they do it on account (leveraged investment). That is they take out loans to invest. That money ultimately comes from a bank even if it is a trading platform they are borrowing from because the trading platform likely has loans. But the banks are cash negative if we kept track. No one saves and yet they have money to provide everyone with a mortgage and lend to new business and support financial firms? That money comes as a "loan" from the federal reserve to help match their cash reserves to the amount they've lent. Any time they want to "borrow" (at negative real interest rate) from the fed they just lend out more, and the fed has to give them some cash as a result. And a huge amount of that money ends up flowing to BlackRock.
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