TUCKER, BLACROCK Y EL DOBLE PASO DE LAS INSTITUCIONES FINANCIERAS DE IMPORTANCIA SISTÉMICA (TOM LUONGO)

 In my opinion, BlackRock reflects the renunciation of the welfare state. Its rise in power goes hand-in-hand with ongoing structural changes; changes in finance, but also in the nature of the social contract that unites the citizen and the state.”

 All of that AUM rests on a very slim pile of shareholder equity, $38.2 billion to be precise.

As longtime Patrons know, when I do a balance sheet analysis of a company I strip out things like “Goodwill” and “Intangible Assets” from the asset side of the balance sheet.  These are simply piles of ‘value’ leftover from previous M&A activity, brand equity, etc., that may or may not have any real value.

Stripping out the $33.6 billion BLK has in these two ‘asset’ classes that leaves Fink with less than $5 billion in shareholder equity.

 So I’m asking the question no one really wants asked, “Does Blackrock actually have any equity today?” Or is this all a big psy-op based on them voting our proxy for us?

 If Blackrock is in real trouble here because of falling asset prices, ESG backlash, rising rates, and falling cash flow then that would necessitate a change in the rules to allow it to be bailed out.

 Remember, last year when the UK pension crisis developed which took out Prime Minister Liz Truss and forced the Bank of England to intervene, the one holding the bag on the failing assets there was none other than Blackrock.

 In short, Blackrock as a SIFI becomes a protectorate of the Treasury department and it circumvents a bankruptcy.

 Why would they do that?  Why would Fink do this?  Well, if you want to nationalize the US pension system and end the old US dollar system then you do that during a major crisis.
How did they tie Powell’s hands during COVID?  The CARES Act. 

 
How will they tie Powell’s hands during the European Sovereign Debt Crisis? Making Blackrock a SIFI before it happens.

 I can easily see Blackrock sacrificed on the alter of the Great Reset once it’s control over corporate interests has been turned over to the Treasury and the ECB.

 Which is why Tucker Carlson’s firing is important but really the side show in all of this.

Tucker, Blackrock and the SIFI Two-Step

 https://tomluongo.me/2023/05/01/tucker-blackrock-and-the-sifi-two-step/