Posted on 01/01/2023 1:00:50 PM PST by SoConPubbie
Ukraine has a new Western backer. It’s not a nation-state, or a military contractor. It’s the financial firm BlackRock.
Ukraine announced Wednesday that Ukrainian President Volodymyr Zelensky had a video teleconference with BlackRock Chief Executive Officer Larry Fink. The pair apparently struck a deal to coordinate investment efforts to rebuild the war-torn nation.
A readout of the meeting on the Ukrainian president’s website boasted BlackRock’s involvement, calling the firm “one of the world's leading investment managers” and noted that it “manages client assets worth about 8 trillion dollars.”
“Zelenskyy and Larry Fink agreed to focus in the near term on coordinating the efforts of all potential investors and participants in the reconstruction of our country, channelling investment into the most relevant and impactful sectors of the Ukrainian economy,” the readout claimed.
The release also stated that some BlackRock executives would visit Ukraine in 2023 to fulfill their advisorial duties. “In accordance with the preliminary agreements struck earlier this year between the Head of State and Larry Fink, the BlackRock team has been working for several months on a project to advise the Ukrainian government on how to structure the country’s reconstruction funds,” according to the Ukrainian government.
One such preliminary agreement struck between BlackRock and Ukraine was a memorandum of understanding signed by the Ukrainian Ministry of Economy and BlackRock Financial Markets Advisory in Washington, D.C., on November 10, 2022. The memo said that BlackRock FMA would advise the Ukrainian government, specifically the Ministry of Economy, on an investment roadmap for the reconstruction of Ukraine’s economy.
BlackRock’s press release about the November 10 memo is chock full of hollow corporate speak. According to the release, BlackRock will work with Ukraine “on establishing a roadmap for the investment framework’s implementation, including identifying design choices for the envisioned setup, structure, mandate and governance."
A previous meeting in September between Zelensky and Fink, apparently arranged by Andrew Forrest of the Fortescue Metals Group, laid the groundwork for the Ukrainian government’s growing cooperation with BlackRock. The Ukrainian President and the BlackRock CEO reportedly discussed how to attract public and private investment to Ukraine.
Back in the states, the NYC-based investment firm has been making major headlines. A report from the Wall Street Journal over the summer claimed BlackRock was one of several major investment firms causing distortion in the housing market. The report laid out how BlackRock, and firms like it, are using their massive amounts of capital to buy up single-family houses, jacking up prices in the process.
There are two immediate economic effects of the aforementioned price increases. First, higher housing costs benefit the properties already owned by BlackRock, especially in areas where the firm has invested heavily. The second effect is the artificially high prices crowd out working families, leaving only the wealthy or investment firms with massive amounts of capital at their disposal as the only players left in the market. In Houston, for example, the billionaire Fink reportedly accounts for one-quarter of recent home purchases. He’s simply buying up entire neighborhoods and using them as rentals. BlackRock is helping create a permanent renters class, though it’s long been understood that homeownership is one of the key elements to building wealth and maintaining the American middle class.
It is all rather infuriating: one can almost guarantee BlackRock is getting paid handsomely by the Ukrainian government for advising on this reconstruction roadmap. And where is the Ukrainian government currently getting its funding, given its economy is in shambles and war is an expensive undertaking? The United States government, of course. By the end of the calendar year, the U.S. will have provided $13 billion in direct budgetary support for Ukraine’s government to avoid shortfalls and outright bankruptcy, and President Joe Biden has promised to support Ukraine for “as long as it takes.”
So, BlackRock gets paid by U.S. taxpayers via the Ukrainian government to devise a plan that ensures the success of their future investments in Ukraine, made from money gained by making American housing unaffordable. With a deal like that for our financial and political elite, why would they ever want peace?
The vultures are lining up to pick the carcass clean and be ready to rebuild the country and potentially make billions on the backs of American taxpayers.
I also take this as the war will be over relatively soon, otherwise why make a deal with Zelensky if there is no guarantee he will survive until the end of the war.
What makes Ukraine so valuable to the Leftists?
That’s ok, I heard Elon Musk is buying Russia.
I thought we already bought it.
What say you, Uki flag wavers?
In addition to Zelensky, LET US ALSO WORSHIP BLACKROCK.
That’s the $110 billion question.
“Ukraine has a new Western backer. It’s not a nation-state, or a military contractor. It’s the financial firm BlackRock.”
Who owns the financial power over Nation states and Military Contractors. Same same.
Money laundering.
There are only a few things lefties want that they can’t get elsewhere.
Unfettered corruption
Slavery
Drugs
Child sex
That’s #1
After American tax payers were fleeced by their govenrment
BlackRock Plans To Buy Ukraine With Taxpayer Money Laundered Through US Foreign Aid
Fixed it.
It isn’t Ukraine. It’s the ability to wash money.
American oligarchs working hand in hand with Ukrainian oligarchs to screw over their respective peoples.
This is the reason Putin came into power.
Russians do not like instability and 1990- was a huge time of instability. There was no money and the West rushed into former Soviet territory buying up infrastructure at kopeks on the ruble. Then Russian government slowly bought them back on rubles on the ruble as Russia gained stability. But during that time there was absolutely no pensions going to the elderly, sick, or poor, so they look at that era as profoundly negative.
Now the West will do the same with Ukraine after its killed hundreds of thousands of Ukrainian men: they will buy up all the infrastructure, flood the country with foreigners, and then sell the country back for a profit decades later when Ukraine gets repopulated.
You can’t buy Ukraine, the best you can do is to rent it for a while.
“Who owns the financial power over Nation states and Military Contractors. Same same.”
There’s more that makes it even worse. BlackRock is led by Larry Fink, who’s the company’s chairman and CEO. It’s the world’s biggest asset manager. BlackRock is the largest stockholder in several U.S. companies due to its massive ETF portfolio and huge in the green efforts network. He also is a big compatriot with the Clinton family as Fink has been supportive of the Democratic party and backed Hillary Clinton in the 2016 U.S. presidential election. He was expected to head the Treasury Department if Clinton won.
Fink is critical of Trump and believed in 2017 that we were in the midst of a slowdown as we speak because of all the uncertainty.” Fink was commenting on Brexit and Trump’s election. Of course, at the same time Trump was instrumental in building the strongest American economy in history. So much for his crystal ball.
We can safely say overall, from globalization, green energy, and employee policies, Fink’s views are progressive and left of center. And as a backer oh Clinton and attacker of Trump, you can imagine what will happen if the US by way of Blackrock invests in the Ukraine.
wy69
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