Banks Run These Systems Not Governments - BlackRock Serves the Wealthiest 10 Percent - "Sea of Organized Crime" - Unlimited Quantitative Easing - Money Has No Meaning - The Popsicle Index - Corporate Monopolization of Power

Ed.'s note: This news on BlackRock is really about the privatization of wealth into the hands of roughly 10 percent representing the oligarch class in America. The Federal Reserve now managed by BlackRock is directly buying stocks, bonds, junk bonds, mortgages, junk mortgages, all to prop up the value of assets owned by the top 10 percent of the wealthiest in what was once "America." This financial terrorism doesn't stimulate new manufacturing production or create jobs. As this continued injection of trillions in cash into the stock market continues it will have no effect on the real economy of production and consumption. Almost all the financial markets these days are manipulated by high finance in cahoots with the central bank. We are not dealing with "the government" and the 535 congressional and senate representatives you think are representing your interests, it is behind the scenes work of oligarchs like Robert Mercer and Rothschild private intelligence companies tied directly to central banking. Governments are kept in place nominally as a sort of cushion against the financial blows of central banking run by private corporations like BlackRock.

Holding the Bailout Bag

COVID-19 Has Replaced Osama bin Laden as the Fall Guy for Lost Liberties

This central bank monopolization of creating money being pumped into stock markets to manipulate financial markets to the advantage of the wealthiest just isn't isolated to the US. In Japan where Grand Theft Corona has been strictly enforced by a notoriously powerful and compliant government bureaucracy, Japan's BoJ (Bank of Japan) announced basically that "money has no meaning" and was prepared for "unlimited quantitative easing." Japan's central bank is the lynchpin in this entire central bank takeover of economies. This coronascam has given the central banks the perfect excuse for a huge bailout and will enable them to get out of stocks, get out of bonds and avoid the financial terror that is coming. What this inevitably will result in is there will be such a massive consolidation of wealth controlled by a very small number of people they will then introduce a basic income and some sort of cryptocurrency.

Bank of Japan prepares for unlimited quantitative easing
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Source: Wall Street on Parade

BlackRock Authored the Bailout Plan Before There Was a Crisis – Now It's Been Hired by three Central Banks to Implement the Plan

BlackRock Authors of "Going Direct." Top, left to right: Stanley Fischer, Philipp Hildebrand. Bottom, left to right: Jean Boivin, Elga Bartsch.

By Pam Martens and Russ Martens: June 5, 2020 ~

It's called "Going Direct." That's the financial bailout plan designed and authored by former central bankers now on the payroll at BlackRock, an investment manager of $7 trillion in stock and bond funds. The plan was rolled out in August 2019 at the G7 summit of central bankers in Jackson Hole, Wyoming – months before the public was aware of any financial crisis. One month later, on September 17, 2019, the U.S. Federal Reserve would begin an emergency repo loan bailout program, making hundreds of billions of dollars a week in loans by "going direct" to the trading houses on Wall Street.

The BlackRock plan calls for blurring the lines between government fiscal policy and central bank monetary policy – exactly what the U.S. Treasury and the Federal Reserve are doing today in the United States. BlackRock has now been hired by the Federal Reserve, the Bank of Canada, and Sweden's central bank, Riksbank, to implement key features of the plan. Three of the authors of the BlackRock plan previously worked as central bankers in the U.S., Canada and Switzerland, respectively.

The authors wrote in the white paper that "in a downturn the only solution is for a more formal – and historically unusual – coordination of monetary and fiscal policy to provide effective stimulus."

We now understand why, for the first time in history, the U.S. Congress handed over $454 billion of taxpayers' money to the Fed, without any meaningful debate, to eat losses on toxic assets produced by the Wall Street banks it supervises. The Fed plans to leverage the $454 billion into a $4.54 trillion bailout plan, "going direct" with bailouts to the commercial paper market, money market funds, and a host of other markets.

The BlackRock plan further explains why, for the first time in history, the Fed has hired BlackRock to "go direct" and buy up $750 billion in both primary and secondary corporate bonds and bond ETFs (Exchange Traded Funds), a product of which BlackRock is one of the largest purveyors in the world. Adding further outrage, the BlackRock-run program will get $75 billion of the $454 billion in taxpayers' money to eat the losses on its corporate bond purchases, which will include its own ETFs, which the Fed is allowing it to buy in the program.

Helicopter money is also spelled out in the BlackRock plan, which explains why simultaneously with the $454 billion Congress carved out for the Fed under the CARES Act, fiscal stimulus was also "going direct" with $1200 checks and direct deposits to the little people of America and Paycheck Protection Program loans and grants "going direct" to small businesses.

One feature of the BlackRock plan that is certain to get wide public pushback in the U.S. is the proposal for central banks to buy stocks (equities). The authors write this:

"Any additional measures to stimulate economic growth will have to go beyond the interest rate channel and 'go direct' – [with] a central bank crediting private or public sector accounts directly with money. One way or another, this will mean subsidizing spending – and such a measure would be fiscal rather than monetary by design. This can be done directly through fiscal policy or by expanding the monetary policy toolkit with an instrument that will be fiscal in nature, such as credit easing by way of buying equities. This implies that an effective stimulus would require coordination between monetary and fiscal policy –be it implicitly or explicitly."

In the United States, approximately 85 percent of the stock market is owned by the richest 10 percent of Americans. Buying stocks would simply expand and accelerate the wealth and income inequality which is already at the highest levels since the 1920s – a time when Wall Street also owned large deposit-taking banks.

Please go to Wall Street on Parade to read the entire article.
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Source: Solari Report

Catherine on Blackrock Larry's Fink's 2018 Letter to CEOs

From Dillon Read & the Aristocracy of Stock Profits

By Catherine Austin Fitts | January 18, 2018

All real solutions depend on individual accountablity. Since Fink and Blackrock rose to become one of the largest asset managers on a sea of organized crime, money laundering and fraudulent securities, the thing that would be most useful from/for Blackrock would be a well documentated paper and analytics that showed how they got to the top. I have personal experience. They were a co-litigant on the Hamilton Securities litigation. The guys who I worked directly with at Blackrock got the boot and started Fortress.

Now that Fink is at the top, there are several pressures on him and his operation:

1. The G-7 governance structure wants to run operations and assets through corporations rather than governments. They can not do that unless the corporate brand is accepted as the primary sovereign enterprise – that has not happened and so it is a matter of evolving the model until it is figured out and the population is supportive of doing so. Or 5G and mind control do the trick and persuade young people that corporations can solve the problem, rather than corporations are often creating and profiting on many of the problems.

2. Fink understands that when corporate earnings depend on a negative return on investment to taxpayers and environmental destruction, there is a problem. I doubt he knows what to really do. And the last thing he intends to do is cut his profits and cash flows that may directly or indirectly relate to organized crime, money laundering and fraudulent securities. But he figures he can at least start a conversation – and if he does not, he is going to fail in his marketing to millennials and women.

Is he sincere? No, he just knows he has a marketing and business problem if it does not at least look like he is trying to do something. The relationship between the Dow and the Popsicle Index is growing more negative as corporations scramble to maintain their growth at rates significantly higher than the GNP. The people above him want the corporate model brand figured out and sold. The people below him are sick of watching people and the economy harmed by a non-alignment between the Dow and the Popsicle Index. That means Blackrock can create socially responsible ETFs, attract lots of money and reinvest in the same old players. It's a business.

Fink, being a smart guy, sees the squeeze and is going to get ahead of it. Whatever happens, he can blame it on the CEOs. He, at least, is doing his system wide thinking bit. And if the Democrats win in 2020, he is still angling for Secretary of the Treasury.

File under the category "having your cake and eating it too."

Notice he is not calling for the $21 trillion missing from DOD and HUD to be found.…that would not be good for the stock market.

Coming into the 2020 elections, everyone is going to be a Popsicle Index kinda guy.
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A "Deviant Philosopher" - Coronavirus Big Data Collection - The "Shadow President" - You Will Never See Israel Again In the Same Light After This - Big Tech Data Mining and a Massive Transfer of Wealth

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