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BlackRock Chief Says Ukraine War Marks End to Globalization (this is a hallelujah moment)
The Epoch Times ^
| 3.24.22
Posted on 03/24/2022 7:31:07 AM PDT by spacejunkie2001
Larry Fink, chief executive of BlackRock, the world’s biggest asset manager, said that the war in Ukraine will put an end to globalization as governments and businesses cut ties with Russia, while warning that a large-scale reorienting of supply chains will be inflationary.
“The Russian invasion of Ukraine has put an end to the globalization we have experienced over the last three decades,” Fink wrote in a March 24 letter to shareholders, in which he noted that the Russian offensive in Ukraine had catalyzed nations to sever financial and business ties with Moscow.
“United in their steadfast commitment to support the Ukrainian people, they launched an ‘economic war’ against Russia,” Fink wrote.
Russia has been hit with crippling sanctions over what it calls a “special military operation” in Ukraine. The measures have targeted Russian banks and wealthy oligarchs, there’s been a closure of airspace to Russian planes, and the export of key technologies has been banned.
The sanctions also include a freeze on around $300 billion of Russia’s central bank hard currency reserves, an unprecedented move that Russian Foreign Minister Sergey Lavrov denounced on March 23 as “theft.”
(Excerpt) Read more at theepochtimes.com ...
TOPICS: Constitution/Conservatism; Crime/Corruption
KEYWORDS: blackrock; globalism; larryfink
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To: spacejunkie2001
BlackRock voted against 255 directors because of climate issues.
BlackRock said it voted against the reelection of 1,862 directors at 975 companies because of a lack of board diversity. Following the racial injustice protests last year, the world’s largest asset manager said it may vote against directors at companies that aren’t diversifying their ranks.
He’s a globalist, just a different kind of globalist.
https://www.investmentnews.com/blackrock-voted-against-255-directors-because-of-climate-issues-209078
41
posted on
03/24/2022 8:45:32 AM PDT
by
gattaca
("Government's first duty is to protect the people, not run their lives." Ronald Reagan)
To: Jan_Sobieski
Looks to me like they are going to go from ideological laissez faire to ideological social-credit. They don’t seem to be empiricists, they seem to be rationalists to a man.
42
posted on
03/24/2022 9:03:40 AM PDT
by
BlackAdderess
(Hope for the best, prepare for the worst)
To: spacejunkie2001
This makes sense, but goes counter to many FR opinions.
43
posted on
03/24/2022 9:08:11 AM PDT
by
elpadre
(And here in NCini)
To: bitt
BKMK thread article and post 30 (among others)
Ping
44
posted on
03/24/2022 9:16:50 AM PDT
by
thouworm
("To anger a conservative, lie to him. To anger a liberal, tell him the truth"---Theodore Roosevelt)
To: cgbg
45
posted on
03/24/2022 9:25:47 AM PDT
by
TornadoAlley3
( I'm Proud To Be An Okie From Muskogee)
To: spacejunkie2001
Fink is a globalist himself, a fool and a liar. The war will only accelerate his agenda.
Hail Hydra.
To: spacejunkie2001
47
posted on
03/24/2022 11:09:19 AM PDT
by
DoughtyOne
(I pledge allegiance to the flag of the U S of A, and to the REPUBLIC for which it stands.)
To: spacejunkie2001
The Bible says globalization will happen in the latter days.
The one-world-government will require a mark whereby no one can buy or sell without the mark. That picture is coming into focus.
God is real. Prophecy is true. Be ready.
To: Openurmind
When CTH outlined the ‘Destination Handbasket’ framework {Go Deep}, we had no idea Blackrock CEO Larry Fink was essentially going to confirm the premise of our prediction. Keep in mind, any digital currency can only work if there is a digital identity attributed to it – what some have called a digital passport which then creates a crypto wallet.
I have based the framework, of what appears to be over the horizon, on a set of inevitable geopolitical outcomes if the current path is continued. The letter by Blackrock CEO Larry Fink [LINK] seems to affirm the strongest likelihood of a western-inspired digital currency eventually replacing the dollar.
NEW YORK, March 24 (Reuters) – BlackRock Inc’s (BLK.N) chief executive, Larry Fink, said on Thursday that the Russia-Ukraine war could end up accelerating digital currencies as a tool to settle international transactions, as the conflict upends the globalization drive of the last three decades.
In a letter to the shareholders of the world’s largest asset manager, Fink said the war will push countries to reassess currency dependencies, and that BlackRock was studying digital currencies and stablecoins due to increased client interest.
“A global digital payment system, thoughtfully designed, can enhance the settlement of international transactions while reducing the risk of money laundering and corruption”, he said.
[…] In the letter on Thursday, the chairman and CEO of the $10 trillion asset manager said the Russia-Ukraine crisis had put an end to the globalization forces at work over the past 30 years.
[…] “While companies’ and consumers’ balance sheets are strong today, giving them more of a cushion to weather these difficulties, a large-scale reorientation of supply chains will inherently be inflationary,” said Fink.
He said central banks were dealing with a dilemma they had not faced in decades, having to choose between living with high inflation or slowing economic activity to contain price pressures. (read more)
You see that problem, that “dilemma” Fink mentions in the last paragraph above. That is what we have been talking about on these pages for more than two years. It is a dilemma western government created when they all joined together and followed the exact same financial path during the pandemic.
When western governments used the justification of the global pandemic to shut down their economies, enforce lockdowns and all of the subsequent rules, restrictions and economic pains as a direct result of those decisions, they put us on a crisis path that was always going to bring us to this “dilemma.” Quite frankly, I do not see that unity of action as accidental, nor do I see it as organic.
All of the western leaders followed the same monetary and financial policy that was being advanced by the World Economic Forum. They all spent like crazy, and provided tens-of-trillions in bailouts, subsidies and cash payments to cover the economic losses created by their COVID lockdowns. They all did exactly the same thing, and that collective action is why we have ‘global inflation.’
Perversely, while inflation crushes the working class, global inflation works to their benefit by lowering the cost of the debt the politicians created, which the central bands and federal reserve facilitated. We the citizens are suffering under inflation, but the governments that created the inflation actually benefit from it.
I will say with great deliberateness, these western governments want inflation. Sure, it provides a political challenge for those who need to get reelected by voters, but in the bigger of big pictures, they need inflation. Think about it in very simple terms. If they did not want inflation, those same central banks and federal reserve policy makers would have raised interest rates six to eight months ago.
None of what is happening in supply chains and inflation is a surprise to them; they might pretend not to know, but these are not stupid people. This is by design. Media covers for them because, well, I’ll accept the PR firms for the regimes are idiots. However, the people who constructed these policies to take advantage of COVID-19 are not dummies. They knew what all that intervention, manipulation and govt spending would lead to.
Where we are going now is a self-fulfilling prophecy, a destination that is a result of specific action the guided policymakers have taken.
Yes, in hindsight, all of it does seem planned to a long-term eventual conclusion. However, I’m not going to make that specific affirmation just yet; there are still strong elements of ‘not letting a crisis go to waste’ as the leading driver. Did these governing bodies create the underlying crisis? We can debate that, but the point is essentially moot. We are where we are.
The vaccination protocol created the Vax-Passport. That has opened the door to the digital identity, “digital id.” Any government created digital currency is going to need a digital id from the outset.
There are a lot of people asking where this is going, and what can be done to stop it. I’m pretty certain we have accurately identified “Where This is Going,” and I’m a lot more confident now about that aspect than I was even just 24 hours ago. However, knowing that, now we need to look closer at what they would do to stop us from disrupting it.
49
posted on
03/24/2022 1:02:41 PM PDT
by
Bratch
To: spacejunkie2001
Fink is the No. 1 Enemy of the American Worker.
50
posted on
03/24/2022 1:06:07 PM PDT
by
Chgogal
(Whatever Biden decides to do, do the opposite.)
To: Bratch
51
posted on
03/24/2022 1:20:19 PM PDT
by
Openurmind
(The ultimate test of a moral society is the kind of world it leaves to its children. ~ D. Bonhoeffer)
To: spacejunkie2001
Hasn’t he heard about the New World Odor lead by our president?
52
posted on
03/24/2022 1:28:17 PM PDT
by
McGruff
(Biden - There's going to be a new world order out there and we've got to lead it)
To: skeeter
“... I doubt the western oligarchs are ready to give up on it yet.”
The oligarchs are realizing that governments can’t protect their wealthy butts when the pot boils over into chaos.
The government deep state weenies will look out for their own sweet asses a hundred times over before risking their necks to protect their former paymasters. That’s a fact.
Oligarchs are building their own rathole bunkers for a reason - to protect their own selves. Won’t be no government cavalry riding to the rescue.
To: Prolixus
“Men will be men and women will be women”.
And sheep will no longer be nervous.😁
54
posted on
03/24/2022 4:56:59 PM PDT
by
BiteYourSelf
( Earth first we'll strip mine the other planets later.)
To: spacejunkie2001
Dream on. The new globalism is Blackrock's imposition of ESG scores on investments all over the world.
Do yourself a favor: google ESG Scores / ESG Ratings and you'll quickly figure out why they're a BAD thing and they must be abandoned by American investors en masse to stop the new globalization vis a vis ESG scores that big investment houses like Blackrock want globally.
And oh, by the way: Governments around the world including our own are pushing this bullshit. It's the "new world order" that Biden slipped up and let out of the bag the other day.
55
posted on
03/24/2022 5:06:37 PM PDT
by
usconservative
(When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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