BlackRock is one of the most powerful organizations in the world, and its nefarious role in global economics and politics is becoming more apparent.
The investment giant is pushing woke politics in the form of corporate social credit scores (ESG), which includes the dangerous “net zero” and LGBT agenda. BlackRock is also responsible for rigging the financial systems and has control over a significant portion of the world’s wealth.
In order to fight back, we need to know what we are dealing with. In this article, we take a deep dive into the history, current business practices, and plans of the globalist behemoth known as BlackRock.
The history of BlackRock and its founder
As of early 2022, BlackRock Inc. had around $10 trillion in assets under its management, making it the largest asset manager in the world. Blackrock holds a significant number of shares in most of the largest corporations in the world, including Amazon, Apple, Microsoft, Google, Tesla, Coca-Cola, Moderna, Johnson & Johnson, Exxon Mobil, Visa, Chevron, JPMorgan Chase, Walmart, and many more.
The company was founded 35 years ago, in 1988, by investment banker and current CEO Larry Fink as an affiliate organization of Blackstone Inc. It was originally named Blackstone Financial Management and grew rapidly within the first four years of its existence, reaching a portfolio of $17 billion by 1992, journalist James Corbett reported.
Since BlackRock had grown into a very respectable business, Fink and Stephen Schwarzman, the CEO of Blackstone, decided to separate BlackRock from Blackstone and make it into its own venture.
BlackRock went public in 1999 for $14 a share; the firm managed $165 billion in assets at this point. In the early 2000s, the company expanded its business to include analytics and risk management. It bought the investment management company State Street Research & Management in 2004, merged with the investment management firm Merrill Lynch in 2006, and acquired the Quellos Group’s key asset-management unit in 2007, bringing BlackRock’s total asset value under management to over $1 trillion.
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