Originally posted on Quora February 3, 2023
Biden has been courting BlackRock, the world’s largest unregulated shadow bank, since at least January of 2019, before he announced his run for the presidency, when he had a close door meeting with BlackRock CEO Larry Fink.
In January, he went to the New York offices of BlackRock, the major investment firm, for a meeting with Larry Fink, the CEO. They talked about the state of the world and the country, about what’s going on in the markets. Toward the end, Fink said to Biden, “I’m here to help,” according to people who were told about the conversation.
Leading up to the 2020 presidential election, Biden had 230 billionaire donors to Trump’s 130 billionaire donors. The most prominent bankster contributions were a $500,000 contribution from Soros, a $50,000 contribution from Sam Bankman Fraud, and a 1.1 million contribution from Tom Steyer. Absent from that long list of the jet setting superclass was Larry Fink. Although he did not make any contributions to Biden’s campaign or any affiliated SuperPAC like the other banksters his company did spend a cool $1.35 million on Biden’s party during the 2020 election cycle, while spending only half of that on the GOP. That must have been enough to put three of his guys in three key cabinet positions.
The Three BlackRock Stooges in the Whitehouse
Biden appointed, Brian Deese, a former BlackRock executive (i.e. Global Head of Sustainable Investing), as director of the National Economic Council. Deese was also a former senior economic advisor under Obama.
Biden appointed another BlackRock stooge, Wally Adeyemo, as deputy secretary of treasury after a two year stint as a senior advisor at BlackRock after a previous stint as interim chief of staff to Larry Fink himself.
The Senior Economic Adviser to Harris, Michael Pyle, is yet another BlackRock stooge who was previously the Global Chief Investment strategist for the $10 trillion behemoth. Like Adeyemo and Deese, Plye was also a former Obama advisor.
Other results of influence buying
As if the FED wasn’t enough of a tool of the bankster class, in March of 2020, Fed Chairman Jerome Powell awarded BlackRock a non-bid role to manage all of the FED’s corporate bond purchasing programs including bond’s that BlackRock invests in after BlackRock doubled his personal ETF with them from 2019. A year earlier, the New York FED hired BlackRock in similar no-bid contracts to manage their commercial MBS program along with $750 billion in corporate bond purchases and ETFs. The BlackRock run program got $75 billion of $454 billion in taxpayer money from the CARES act to recuperate losses on its corporate bond purchases which includes its own ETFs which the Fed was allowed to buy.
In September of last year Zelenskyy met with Larry Fink to discuss coordinating investment to rebuild Ukraine. In November of last year, BlackRock Financial Markets Advisory and the Ukrainian Ministry of Economy signed a memorandum of understanding that would create the investment framework for rebuilding Ukraine. Reconstruction will cost an estimated $750 billion much of which will likely be undertaken by companies that are either owned by BlackRock or companies with investments managed by BlackRock. Ukraine has $54 billion in foreign debt, about half of which is owed to the IMF and the World Bank. Despite universal western support and a mutual debt moratorium from some of their private creditors, Ukraine has had to pay the World Bank $500 million on principal plus 58 million in fees and interest while also paying the IMF $1.3 billion in interest plus 150 million in surcharges over the duration of the war. Undoubtedly, the reconstruction efforts will include debt restructuring, austerity and the privatization of public services, infrastructure and assets, as per the usual MO, along with BlackRock’s special brand of stakeholder capitalism that allocates capital according to ESG (Environmental Social Governance) scores.