{"id":272721,"date":"2023-08-29T05:32:12","date_gmt":"2023-08-29T05:32:12","guid":{"rendered":"https:\/\/www.thetruthseeker.co.uk\/?p=272721"},"modified":"2023-08-31T06:37:15","modified_gmt":"2023-08-31T06:37:15","slug":"blackrock-ceo-larry-fink-understanding-the-man-who-invented-woke-capitalism","status":"publish","type":"post","link":"https:\/\/www.thetruthseeker.co.uk\/?p=272721","title":{"rendered":"BlackRock CEO Larry Fink: Understanding the man who invented woke capitalism"},"content":{"rendered":"<h1 style=\"text-align: center;\"><strong>Frank Wright \u2013 Life Site News Aug 24, 2023<\/strong><\/h1>\n<p>Larry Fink, BlackRock\u2019s co-founding CEO, is the subject of a \u201cdeep dive\u201d in Patrick Bet-David\u2019s <a href=\"https:\/\/www.youtube.com\/watch?v=_WlJOeloQ2w\">recent video<\/a> for <em>Valuetainment<\/em>.<\/p>\n<p>Described as \u201cthe man who pioneered the concept of ESG [environmental, social and governance],\u201d Bet-David says Fink \u201cis the reason why Dylan Mulvaney got a Bud Light.\u201d<\/p>\n<div align=\"center\"><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/_WlJOeloQ2w?si=nRSmFf4SoY7wtyZL\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><br \/>\n&#8212;<\/div>\n<p>Fink heads an investment firm which <a href=\"https:\/\/www.reuters.com\/business\/finance\/blackrock-profit-rises-25-asset-growth-boosts-fee-income-2022-01-14\/\">manages<\/a> over 10 trillion dollars in assets worldwide. BlackRock commands more wealth than any nation on earth \u2013 except the USA and China.<\/p>\n<p>He <a href=\"https:\/\/www.foxbusiness.com\/politics\/blackrock-ceo-slammed-force-behaviors-dei-initiatives\">announced<\/a> in 2017 that he intends to use the enormous power he wields to engage in \u201cforcing behaviors\u201d in support of diversity and inclusion \u2013 and to promote the ESG agenda endorsed by the World Economic Forum. Fink, at the time, even threatened any companies who refuse to submit to his vision with punitive economic measures.<\/p>\n<p style=\"padding-left: 40px;\">\u2018You have to force behaviors. If you don\u2019t force behaviors, whether it\u2019s gender or race or just any way you want to say the composition of your team, you\u2019re going to be impacted. That not just recruiting, it\u2019s development,\u2019 Fink said. \u2018We\u2019re gonna have to force change.\u2019<\/p>\n<p>The change Fink is forcing is one which is shaping our world into a paradise for the enemies of God and of humanity.<\/p>\n<h3 style=\"text-align: center;\"><strong>Elon Musk: The \u2018S\u2019 in ESG stands for Satanic<\/strong><\/h3>\n<p>In January 2023 Elon Musk helped to explain the meaning of ESG \u2013 the Environmental, Social and Governance scheme on which companies and organizations are allotted a vital score on their adherence to \u201cNet Zero\u201d and \u201cdiversity\u201d policies.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The S in ESG stands for Satanic<\/p>\n<p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1614786284547112961?ref_src=twsrc%5Etfw\">January 16, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As Bet-David points out, Fink\u2019s heavily promoted ESG is the reason we see high profile female impersonators such as Dylan Mulvaney in positions of prominence in the media and corporate world.<\/p>\n<p>Satanic seems a strong word until we consider that the medicalized sacrifice and sterilization of children are virtuous principles in the ESG system. It has rapidly transformed a culture heavily influenced by algorithmic modeling \u2013 a field in which Fink was an early pioneer.<\/p>\n<p>Fink developed a reputation as the go-to man for \u201crestructuring toxic debt.\u201d Toxic debt could be said to be the lifeblood of the global economy. The power of this specialism combined with the 1999 launch of Fink\u2019s risk management Artificial Intelligence system \u2013 ALADDIN \u2013 has allowed the man to garner significant power and influence.<\/p>\n<p>Fink\u2019s considerable influence was magnified in the 2008 banking crisis, as the U.S. government turned to his BlackRock for advice on how to manage the \u201ctoxic debt\u201d of Lehman Bros, Bear Stearns and Freddie Mac.<\/p>\n<p>At the time, BlackRock managed 1.3 trillion dollars in assets.<\/p>\n<h3 style=\"text-align: center;\"><strong>ESG: Insanity or else<\/strong><\/h3>\n<p>The goals of ESG are plainly insane.<\/p>\n<p>Environmental aspects include the aggressive promotion of de-industrializing and de-carbonizing measures which will collapse industrial civilization.<\/p>\n<p>The social and governance aspects demand the promotion of people to positions of power for reasons other than their ability to do the job. This effectively discriminates against competence, promoting instead the benefits of lifestyle sexualities, bizarre behaviors and irrational race-based grievance.<\/p>\n<p>These \u201cbenefits\u201d of \u201cdiversity\u201d are often celebrated but never explained. Such people who are preferred are advanced into positions of influence in corporate and government organizations alike. These measures guarantee that all of our institutions will weaken to the point of collapse, as both state and private sector actions will be directed by people who have been promoted for their appearance and sexual behavior.<\/p>\n<p>It is simply asserted that promoting sexual and mental disorders is a necessary virtue and no mention is made of the fact that such policies discriminate against the talented.<\/p>\n<p>The policies of ESG will destabilize every nation which adopts it, as BlackRock tacitly <a href=\"https:\/\/www.realclearmarkets.com\/articles\/2023\/01\/18\/blackrock_accidently_admits_role_in_reversal_of_economic_good_times_876181.html\">admitted<\/a> in its own \u201c2023 Outlook.\u201d In fact, it has already undermined the economy of the Western world.<\/p>\n<p>Why would the world\u2019s most powerful corporation want to weaken all of its rivals? To ask is to answer.<\/p>\n<h3 style=\"text-align: center;\"><strong>Why ESG is so influential<\/strong><\/h3>\n<p>In 2020, the U.S. government calls Fink again. This time it is the Federal Reserve \u2013\u00a0 which asks him to buy bonds on behalf of the Fed to stave off the collapse of the entire U.S. bond market.<\/p>\n<p>Bonds are U.S. government debt. If the bond market weakens, U.S. businesses cannot readily borrow the money they need to stay afloat. The knock-on effects of a collapse in U.S. bonds would be catastrophic both at home and abroad.<\/p>\n<p>Bet-David argues that the medium of the payoff for BlackRock was not in money, but in power. He says the influence of the ESG program was bought by BlackRock stepping in to save the Federal Reserve from a bond market meltdown.<\/p>\n<h3 style=\"text-align: center;\"><strong>\u2018A fundamental reshaping of global capitalism\u2019<\/strong><\/h3>\n<p>With this consolidation of power, Fink announced to shareholders that BlackRock would lead the way \u2013 \u201cby making it easier to invest in companies with favorable environmental and social practices.\u201d<\/p>\n<p>Bet-David points out that this incentivizes ESG, as a high score on these indicators attracts more investment and backing. He points out that tobacco giant Philip Morris has a better ESG score than Tesla.<\/p>\n<p>Such is the reach of BlackRock that investors were drawn into the ESG model involuntarily. <em>Bloomberg<\/em> <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-12-31\/how-blackrock-s-invisible-hand-helped-make-esg-a-hot-ticket\">framed<\/a> the immense success of this strategy for dominance as a great opportunity.<\/p>\n<p>\u201cHow BlackRock made ESG the hottest ticket on Wall Street,\u201d is\u00a0<em>Bloomberg\u2019s\u00a0<\/em>headline, for which Bet-David suggests a more candid headline is suited, \u201cHow BlackRock used ESG to control 88 percent of S&amp;P 500 companies.\u201d<\/p>\n<p>The ESG platform has united BlackRock, Vanguard and State Street in near total control of corporate America.<\/p>\n<h3 style=\"text-align: center;\"><strong>The political establishment<\/strong><\/h3>\n<p>Bet-David concludes that the real political divide of our times is not the apparent left-right dichotomy of the news cycle, but the opposition of the \u201cestablishment\u201d to \u201canti-establishment\u201d currents.<\/p>\n<p>Describing BlackRock as the \u201cFourth government branch,\u201d Bet-David notes the company has recruited from the Bush and Obama administrations alike.<\/p>\n<p>According to figures he published in the video, BlackRock spent more money on political lobbying in 2022 than in any of the last ten years. One BlackRock employee boasted of the low price for the <a href=\"https:\/\/twitter.com\/JamesOKeefeIII\/status\/1671262303319392259?s=20\">purchase<\/a> of a U.S. Senator \u2013\u00a0$10 000.<\/p>\n<p>Bet-David\u2019s summary of the rise of Larry Fink is interesting enough. Yet it is eclipsed by the argument that the whole ESG agenda is not only his work, but was Fink\u2019s means of achieving near total dominance of corporate America.<\/p>\n<p>The attachment of financial gain \u2013 or pain \u2013 to ESG scores saw Fink cement his control over almost 90 percent of U.S.-listed companies. Bet David says\u00a0 this is the reason for the relentless pushing of LGBTQ issues, the \u201cdiversity\u201d and Net Zero agendas \u2013 and explains why Dylan Mulvaney\u2019s face was all over a once-popular beer brand.<\/p>\n<p>Though he concludes with an appeal to \u201cdo your own research,\u201d Bet-David\u2019s convincing summary shows the degree to which Larry Fink shapes the so-called progressive agenda which pervades private and public bureaucracies alike.<\/p>\n<p>It is hard to ignore how much of the establishment is Larry Fink. If you\u2019re wondering why so much madness is mandatory these days, remember his name.<\/p>\n<p><em>Courtesy Les Visible<\/em><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.lifesitenews.com\/analysis\/blackrock-ceo-larry-fink-understanding-the-man-who-invented-woke-capitalism\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>He\u2019s more than a woke capitalist. As Elon Musk has hinted, there is also a suggestion of Satanism. Frank Wright takes a closer look at the man who made LGBTQ issues, \u201cdiversity\u201d and Net Zero agendas of paramount importance in the workplace. <\/p>\n","protected":false},"author":39262,"featured_media":272723,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[19,50],"tags":[],"class_list":["post-272721","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-Behind_The_News","category-The_Oligarchs"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/272721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/users\/39262"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=272721"}],"version-history":[{"count":1,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/272721\/revisions"}],"predecessor-version":[{"id":272722,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/272721\/revisions\/272722"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/media\/272723"}],"wp:attachment":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=272721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=272721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=272721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}