New York-based BlackRock Inc. has announced that its assets under management (AUM) soared to a staggering $9.09 trillion in Q1, Bloomberg reports.
BlackRock owns controlling shares across every major industry sector, including pharmaceutical companies, mainstream media networks, grocery stores, big tech corporations, food conglomerates, retail businesses, insurance and health providers, and banking, to name a few.
In a statement released on Friday, BlackRock announced that net inflows to all its funds amounted to $110 billion.
Long-term investment products, encompassing mutual funds and ETFs, witnessed an inflow of $103 billion, surpassing the Bloomberg survey’s average analyst estimate of $84.1 billion.
Deposits at commercial banks have plummeted, particularly after the mid-March collapses of Silicon Valley Bank and Signature Bank, Bloomberg notes.
In contrast, BlackRock has apparently successfully navigated the turmoil, with clients channeling a net $8 billion into the firm’s cash-management products during Q1.
BlackRock’s CEO, Larry Fink, emphasized the company’s central role in the evolving financial landscape, stating, “Today’s crisis of confidence in the regional banking sector will further accelerate capital markets growth, and BlackRock will be a central player.”
The firm’s AUM has increased by 5.8% since the end of last year when it totaled $8.6 trillion.
BlackRock is an official partner of The World Economic Forum (WEF), the international think tank linking world government officials with international business leaders in order to advance a unified globalist agenda, which the Forum has rebranded as “globalization.”
The WEF and its allies are spearheading the worldwide “Great Reset,” at the end of which “You’ll own nothing. And you’ll be happy” (here).
According to its website, the WEF’s partners “are the driving force behind the Forum’s programs.”
The WEF ensures its partners, like BlackRock, promote a pro-China strategy as well as climate change and so-called ESG (Environmental, Social and Governance) ideology.
BlackRock in turn ensures the companies it owns controlling shares of promote those ideologies to consumers: “Behaviors are going to have to change, and this is one thing we are asking companies, you have to force behaviors and at BlackRock, we are forcing behaviors,” BlackRock’s Fink has stated.
As a large institutional investor and shareholder, BlackRock has secured significant positions in Apple, Microsoft, Amazon, Alphabet (Google’s parent company), Facebook (now Meta Platforms), JPMorgan Chase, Pfizer, Johnson & Johnson, ExxonMobil, and Procter & Gamble, among many others.
Harvard Business Review explains that shareholders “own the corporation and, by virtue of their status as owners, have ultimate authority over its business and may legitimately demand that its activities be conducted in accordance with their wishes.”
