At the onset of the greatest depression that the modern world has ever experienced, and the most predictable (coming soon to a gutter near you – don’t miss it), BlackRock invested in environmental, social and governance ‘businesses’ (ESG). Their investment decisions were guided by the impact the business was having on their idea of the optimum world.
When you read about the ‘elites’ and their ‘masterplan’ for the ‘Great Reset’ and the new world that they envision, then remember, Larry Fink, the C.E.O. of BlackRock, is one of the thought-leaders doing the envisioning.
From the Daily Wire…
A May report detailing BlackRock’s “firm-wide” ESG efforts said that the company seeks to “engage with investee companies on ESG issues to enhance long-term value.” Indeed, Fink said in 2017 that he desires to change the direction of corporate America toward progressive outcomes. “At Blackrock we are forcing behaviors,” he said of the company’s ESG scoring approach. “You have to force behavior and if you don’t force behavior whether it’s gender or race or any way you want to say the composition of your team, you’re going to be impacted.”
BlackRock is an investment Goliath. In the last six months, with their elite strategy of investing in ESG companies, BlackRock, set a new record by losing US$1.7 TRILLION of their investors’ capital. U.S.$1.7 TRILLION… in six months!
The losses came, amongst other absurdities, from Green energy and appointments made on the basis of minority status.
Between them, BlackRock, Vanguard and State Street own an average of 20% of every Fortune 500 company. They have all been enforcing their ‘progressive’ agenda on these hapless entities. Exxon Mobil had three environmental activists foisted onto the board of directors.
A U.S.$1.7 TRILLION loss – now that IS a progressive outcome.
What’s the saying? Ah yes… ‘Get Woke, Go Broke’.