In recently obtained undercover footage, an employee of BlackRock, the world’s largest asset management company, made startling claims about the firm’s attempts of engaging in political influence and profiting from war.
The video, secretly recorded by journalists from the O’Keefe Media Group (OMG), exposes the company’s strategies and their enormous global reach.
The employee, identified as Serge Varlay, a BlackRock recruiter, claimed in the footage that the company manages a staggering $20 trillion worldwide. Varlay emphasized the company’s desire to avoid media attention, stating that they prefer to operate behind the scenes without drawing public scrutiny.
According to Varley, BlackRock possesses such financial power as to buy politicians, (senators) even the President.
Varlay disturbingly suggested that politicians could be purchased, referring to senators as being relatively inexpensive to sway. He claimed that with a mere $10,000, one could buy the support of a senator, stating that he could provide $500,000 immediately.
Moreover, he insinuated that it did not matter who won elections, as long as the politicians were under BlackRock’s influence.
He further confessed that the ongoing Ukraine-Russia conflict was “good for business” for BlackRock. Varlay explained that if Russia were to cause destruction to Ukraine’s grain silos, the price of wheat would skyrocket, thereby presenting lucrative trading opportunities.
As per Varley, volatility and instability create profit opportunities for those engaged in the markets.
Notably, Varlay was unaware of being recorded during the conversation and even questioned the journalist if she was undercover? He believes that the company’s operations are beyond the understanding of the general public.
BlackRock’s significant financial influence cannot be overstated. With over $9.5 trillion under its management, the company’s assets surpass the GDP of all countries except the United States and China. Notably, BlackRock has positioned itself as a leader in “Environmental, Social, and Government standards” (ESG) investing, advocating for stakeholder capitalism and emphasizing initiatives such as climate change mitigation and promoting diversity, equity, and inclusion policies.
BlackRock CEO Larry Fink has previously stated that capitalism has the potential to shape society and bring about positive change.
While the authenticity and context of the undercover footage should be carefully examined, the allegations made by Varlay raise serious concerns about the practices of BlackRock, a company with significant global influence.
The revelations, if substantiated, could potentially impact the public perception of the company’s commitment to stakeholder capitalism and its role in shaping economic and political landscapes.
It remains to be seen how BlackRock will respond to these allegations made by Serge Varlay.
