BlackRock: The Company that Owns the World

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In 2020, who did the money printer of the US, the Federal Reserve, hire to manage their scheme to buy corporate bonds? (Basically, they were bailing out corporations that had too much debt or needed to borrow money)
You guessed it, they went right back to BlackRock.
Even though again, the same corporations BlackRock was helping to bailing out, were the same corporations they owned some of the biggest stakes in

And yet, despite all his considerable power, the general public has practically never heard of Larry Fink
With BlackRock barely coming into the public eye during the recent claims that they’re buying up single-family homes
That’s because Larry is smart - he’s intentionally kept it that way
He’s spent the last 33 years building BlackRock into the biggest asset manager in the world, with over $9 trillion dollars under their management
Today, BlackRock’s clients include the retirement accounts of average everyday people in the form of pension funds, they also have sovereign wealth funds as their clients, other central banks, college endowments, “Fortune 500 companies”, and millions of individual investors

This is BlackRock
What some call "the most influential financial institution in the world,"
The world's largest shadow bank,
And perhaps… the company that owns the world…
When Larry Fink was asked by Bloomberg if it’s true that he’s the most powerful man in finance - the man responsible for $9 trillion dollars tried to convince you otherwise - that “I don’t think of myself as powerful”
Is that true? Does BlackRock own the world? Well, it’s a little complicated
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[sebastiannowak]

"The forest was shrinking but the trees kept voting for the axe as its handle was made of wood and they thought it was one of them."
-Turkish Proverb

[jaybones]

Let's say hypothetically, you have, like BlackRock, the most powerful supercomputer on the planet which you use to predict events and manage your vast range of assets. At what point do you decide it's more profitable to engineer certain events rather than simply predict them? Purely hypothetically of course.

[brandonacker]

Love how Fink says he wants to be perceived as a good person. Not to actually BE a good person.. Says all I need to know

[joshuasmith]

“It’s really important for me to be *perceived* as a good human being” 15:26

That should tell you quite a lot.

[robokast]

everyone’s always worried about Amazon but they never even look into companies like this..

[Choo-choo-chookcha]

The less power a man publicly attributes to himself, the more he actually has. Really powerful people don’t need to brag, they simply own.

[Rubyeverly-Jessica]

The current interest rate is 4.75%. (8th rate hike since March last year) My retirement portfolio has suffered greatly over the past few years with inflation over 7% and mortgage rates above 7.5%, so my issue is how senior persons can retire and survive in such a volatile climate. Clearly, I'm not in it for the long haul just yet.

[timmydrawing]

"The greatest trick the Devil ever pulled was convincing people he doesn't exist."

[Mr.ezman]

almost 90% of the time when I research a company I'll see Blackrock as an investor.

[maggiejetson]

I think Larry found out that the only way to win forever in a casino is to be the house, instead of the gambler.

[TJSpike]

If you ever have a hard time imagining the large quantities of money. 1 million seconds is 12 days. 1 Billion seconds is 31 years. And 1 Trillion seconds is 31, 668 years. It's even hard to understand even with time scalling.

[michelevianello]

BlackRock, Vanguard & State Street own each other's majority stake. So, when it comes to decision and market making, they're actually one single entity.

[theeraser]

You should also mention that BlackRock owns 13% of Vangaurd, which is the second largest financial institution in the world.

"Larry Fink" and "BlackRock" are the least realistic sounding villain names I have ever heard, but here we are

[bahijarhafiri]

Every time a household name like Warren and makes a big move, it instantly creates uncertainty in the markets. 75% of my $400k portfolio comprises of plummeting stocks which were once revered. Do i liquidate and bear losses or just hold on??

[TheBegby]

Jake Tran was once a close friend, his impending suicide with take a heavy toll on us all. - Larry Fink

[vladimirlenin]

*Daily reminder that Jake did not kill himself.*

[ThisIsNari]

I really hope this gets recognition. BlackRock owns FPL (Florida Power and Light) and they have a monopoly on the energy market in Florida. They have hiked their rates by an unbearable amount. We shut our main breaker off at 10PM every night until 8AM. We have not used a dishwasher, washer, dryer, coffee maker, toaster, heaters, or AC since the rate hike and swap from Gulf Power to FPL. We used 550KW last month total, and we were billed $300.00. Keep in mind it’s the beginning of summer in Florida, and it’s exhaustingly hot outside and we can’t run AC at all out of fear of using power. This isn’t okay.

[LoganGabrielm]

My life changed too when I started doing this and putting money in stocks. The first few years it as really great, but this year I haven't felt like my portfolio is doing well. I have lost more than $40, 000 from my portfolio the past four months, and it's now very worrisome.

[masoncarter]

At this point,
its safe to assume Jake wants to be assassinated by suicide.