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Speaker 0: The argument is that BlackRock, by unlocking and taking control of as many natural assets as possible that aren't currently part of the financial system, can deepen and expand its control over not just people in the existing financial system, but really over the natural world as well and essentially turn everything alive into a tradable Wall Street financial product. The goal, as described for Larry Fink in particular, is to develop new asset classes that can be used to fuel their existing business model and perpetuate it for millennia forward. One idea discussed for years is natural assets, what they call nature's economy—actual assets as possible that aren't currently part of the financial system—as a way to perpetuate what they do and broaden their control over the natural world, turning the natural world into tradable financial products.
The supposed plan includes having all of this on a universal ledger on blockchain, presumably, and making it trackable and surveillable, so that it can be surveillable and automated. In this framework, Larry Fink would have his risk management AI—Aladdin—exercise control over these assets in unprecedented ways, to serve their benefit. Concurrently, there is movement toward a new financial governance system that pushes infrastructure toward a “green model” or decarbonization. The broader aim of the global carbon market, according to the narrative, is to unlock many new assets and far more collateral, enabling the creation of new debt and expanding the existing models to unprecedented levels, effectively perpetuating them indefinitely.
A central feature of the natural asset concept, at least in the natural asset corporation model, is that you identify a natural asset such as a forest, river, or lake, and then, at no cost to you, you issue shares in that natural asset and sell those shares. The implication is that you can point to something in the natural world and declare it yours, fractionalize it, and generate money almost out of thin air by selling those shares. The natural world is vast, and the claim is that they’re financializing it all, framing it as the only way to save the planet. But really, it’s the only way for them to save their insane debt racket.