reSee.it - Tweets Saved By @ManuelsJourney1

Posted - November 12, 2024 at 6:10 PM

Saved - November 13, 2024 at 11:37 AM

reSee.it AI Summary

I’ve been exploring the immense influence of Larry Fink, CEO of BlackRock, who manages over $11 trillion in assets. His role became pivotal during the 2008 financial crisis when the U.S. government relied on him to stabilize the economy. BlackRock continued to grow, using public funds to expand its reach, and once again, Fink was called upon during the 2020 pandemic. Starting from humble beginnings, his relentless drive led to the founding of BlackRock after a partnership fallout. The firm's advanced software, Aladdin, keeps them ahead in market predictions. This knowledge is crucial for understanding who truly holds power today.

@ManuelsJourney1 - Manuel

This man runs the whole world and no one’s even talking about it. He manages over $11 TRILLION in assets. Amazon, Apple, and entire governments are in the palm of this man's hand. Here’s the (dark) story behind the most powerful operation in the world:

@ManuelsJourney1 - Manuel

I'm talking about none other than Larry Fink, the CEO of BlackRock. The biggest investment company in the world owning top companies. Just look it up yourself… You'll see BlackRock as the top shareholder almost everywhere.

Video Transcript AI Summary

BlackRock is a publicly listed company on Nasdaq, managing over $14 trillion in assets. It holds significant shares in many major U.S. companies, including Pfizer, Moderna, airlines, and social networks. This ownership influences various agendas across these companies. For instance, when checking Amazon's stock on Yahoo Finance, it's evident that Jeff Bezos is not the largest shareholder; BlackRock and Vanguard often top the list of major holders. This highlights the extent of BlackRock's influence in the corporate landscape.

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Speaker 0: We went quite viral recently on TikTok for videos about BlackRock. Mhmm. What is BlackRock, and how do they own everything? Speaker 1: Yeah. So BlackRock is an organization. It's a company publicly listed on Nasdaq that has tens of 1,000,000,000,000 of dollars of assets under management. They disclosed that they have, like, 14,000,000,000,000, but that is only BlackRock. Then they own majority share in most of the companies in America. Right? So they also have money and funneled through all those things as well. So what companies? They own Pfizer. They own Moderna. They own, all the airlines. They own all the social networks. So when you see all this stuff, all this agenda kind of everybody working together, then you have to realize who actually owns it. This isn't a conspiracy. Top holders of all these shareholding companies, and you see BlackRock and Vanguard at the top. So you go to Amazon, for example, you go to Yahoo Finance. You go to Amazon. You go to the ticker of the stock. You go to top holders, and you realize Jeff Bezos ain't the biggest holder of Amazon.

@ManuelsJourney1 - Manuel

So first, let's take you back to the year 2008. The huge economic crisis. To fix the whole situation BlackRock - led by Larry Fink - had to step in. The whole US government was dependent on him. Making Larry Fink the most powerful man in AND after the crisis.

Video Transcript AI Summary

During the 2008 financial crisis, the government bailed out major firms like Bear Stearns and AIG. They hired BlackRock, led by Larry Fink, to manage the cleanup without competitive bidding, shrouded in secrecy. This made Fink a key figure in the bailout process, despite BlackRock being a major shareholder in the banks receiving assistance. As a result, Fink emerged as a powerful influence in the post-bailout economy.

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Speaker 0: During the 2008 meltdown when the government bailed out too big to fail giants like Bear Stearns, AIG, Fannie Mae, Freddie Mac. Who did they hire that analyze and clean up the mess? Another giant financial firm by the name of BlackRock led by a very well connected billionaire by the name of Larry Fink. BlackRock was awarded these key government contracts to help with the meltdown with no competitive bidding while being enveloped in secrecy. Basically, Larry Fink was hired to be the manager of Washington's bailout of Wall Street, even though BlackRock is one of the biggest shareholders in the same banks they were helping to get bailed out, making Larry Fink the most powerful man in the post bailout economy.

@ManuelsJourney1 - Manuel

From there BlackRock just kept doing his thing. Using the public's money (yes yours) to expand their dominance. From pension funds, Sovereign wealth funds to other central banks and many others. All count as their clientele. Trillions of dollars under their control.

Video Transcript AI Summary

BlackRock's clients include pension funds, sovereign wealth funds, central banks, college endowments, Fortune 500 companies, and millions of individual investors. They are major shareholders in top companies like Apple, Microsoft, and Wells Fargo, managing an impressive $9 trillion. In comparison, the largest 300 pension funds hold $6 trillion collectively, and Vanguard manages $7.1 trillion. Together, BlackRock, Vanguard, and State Street control about $15 trillion, nearly 70% of the US GDP. Larry Fink has achieved this largely out of the spotlight, with only a few interviews and appearances on CNBC.

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Speaker 0: Today, Blackbaud'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. They're one of the top shareholders of many of the biggest publicly traded companies like Apple, Microsoft, Facebook, and even other major banks like Wells Fargo and Chase. And to put their $9,000,000,000,000 into perspective, the 300 largest pension funds in the world only hold a collective $6,000,000,000,000 Vanguard, the behemoth behind mutual funds and ETFs, trails behind BlackRock with only 7,100,000,000,000 under management. And if you put the big three asset management firms together, BlackRock, Vanguard, and State Street, they control a collective $15,000,000,000,000, roughly equivalent to nearly 70% of the US's GDP. And Larry Fink has done all of this largely in the shadows with just a few occasional interviews and appearances on CNBC.

@ManuelsJourney1 - Manuel

Fast forward to 2020, the pandemic hit. Another crisis. And guess who the government asked for help AGAIN? Yes exactly - Larry Fink from BlackRock. Making him even MORE powerful while no one really knew what was going on.

Video Transcript AI Summary

The Federal Reserve hired BlackRock to manage its scheme for buying corporate bonds, effectively bailing out corporations overwhelmed by pandemic-related debt. Notably, BlackRock holds significant stakes in many of these same companies. While the Fed's published list includes 794 companies, the discussion focuses on just the top 10 holdings. Larry Fink, the CEO of BlackRock, emerged as a powerful figure in both the post-bailout and post-pandemic economies. Despite his influence, he remains largely unknown to the general public.

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Speaker 0: And 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 to withstand the pandemic. You guessed it. They went right back to BlackRock. Even though, again, the same corporations BlackRock was helping to bail out were the same corporations that they own some of the biggest stakes in. Speaker 1: Keep in mind, though, these are just the top 10 holdings. The whole list, which the Fed has published on the New York Fed website, includes 794 companies. So, yes, these are just the top 10 by holdings, but there are hundreds of other companies that could be part of the Fed's portfolio as well. Speaker 0: Larry Fink was the most powerful man in the post bailout economy, and now he's arguably one of the most powerful men in the post pandemic economy as well. And yet despite all his considerable power, the general public has practically never heard of Larry Fink.

@ManuelsJourney1 - Manuel

Larry Fink wasn't born into his power though. He started like any other ‘average’ guy. The difference? His mindset wasn't average at all. “Larry is obsessed with having control” so the people close to him. He proved his skills in Wall Street and from there it went upwards…

@ManuelsJourney1 - Manuel

Quickly, Larry became a legend who was responsible for making his company over $1B in just a few years. But then he let the foot of the gas and made one mistake casting the company he worked for $100M+ It all crashed literally overnight - including his reputation.

Video Transcript AI Summary

In 1978, he led a department focused on mortgage-backed bonds, building a loyal team known as Little Israel. His success grew, and by 1983, at just 31, he became the youngest member of First Boston's management committee, co-heading the taxable fixed income division and leading the mortgage and real estate products group. He also started the financial futures and options department, contributing around $1 billion to First Boston's profits. However, by 1986, his success took a downturn when he lost $100 million in the second quarter of that year.

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Speaker 0: 1978, he was running his own department, which was mainly focused on training mortgage backed bonds. The team he built around him mostly consisted of Jews and were nicknamed Little Israel. They worked hard and were ruthlessly loyal to him. As Larry's success grew, so did his ego. By 1983, at the age of 31, he became the youngest member of First Boston's management committee, co head of the taxable fixed income division, head of the mortgage and real estate products group, and started the financial futures and options department. All of this enabled Larry to contribute an estimated $1,000,000,000 to First Boston's bottom line. But by 1986, all that success would come crashing down. And in the Q2 of that year, he lost $100,000,000.

@ManuelsJourney1 - Manuel

If you think that was his end, then think again. Together with his newly found billionaire business partner he founded BlackStone. An asset manager they quickly scaled. But it came to an argument between them which led Larry to found BlackRock. Well the rest is history…

@ManuelsJourney1 - Manuel

Now the cherry on the top: BlackRock's software is called Aladdin. With a network of 5000+ computers it's able to track the market and make risk analysis. Essentially, that shit predicts the future astonishingly accurately. BlackRock is always 2 steps ahead.

Video Transcript AI Summary

I asked about AI, and he mentioned that the public only sees a fraction of its capabilities. Most of the powerful technology is kept under wraps, which is concerning. For instance, BlackRock uses an AI called Aladdin for forecasting, developed over several years. This model outperforms all other software and human predictions.

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Speaker 0: And I asked him the same question, what do you think about AI? And he's like, dude, you have no idea. If you think what they released in the public is the actual stuff, they've just they gatekeep 99.9% of stuff. So the amount of power that's already out there, it is scary. And if you look at, for example, BlackRock, BlackRock uses an AI called Aladdin to do forecasting predictions. And they've had this model being developed over the last several years, and that beats and trumps every other software and automation and any other person has blame for it.

@ManuelsJourney1 - Manuel

This isn’t a random conspiracy theory from Tik Tok. You can literally do your research on Yahoo Finance. But all of this - the truth - is extremely important to know. You DON’T want to go through life without knowing who runs all of this. And the rabbit hole goes deeper...

@ManuelsJourney1 - Manuel

That's it! Want more? Then don't forget to: 1. RT the first post 2. Comment and like 3 Follow @ManuelsJourney1 Talk soon

@ManuelsJourney1 - Manuel

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