Behind all the "woke" politics, entertainment, etc. is Blackrock Investment Fund, along w. WEF, issuing the marching orders to the world

Apollonian

Guest Columnist

How Blackrock Investment Fund Triggered the Global Energy Crisis​

"Adherence to UN 2030 Sustainability Agenda". Colossal disinvestment in the trillion-dollar global oil and gas sector.​

By F. William Engdahl
Global Research, December 07, 2022

Link: https://www.globalresearch.ca/how-blackrock-larry-fink-created-global-energy-crisis/5799286

blackrock-buy-bank-americas-87-billion-money-market-fund-business-400x274.jpg

All Global Research articles can be read in 51 languages by activating the Translate Website button below the author’s name.
To receive Global Research’s Daily Newsletter (selected articles), click here.
Follow us on Instagram and Twitter and subscribe to our Telegram Channel. Feel free to repost and share widely Global Research articles.
First published by Global Research on November 16, 2022
***
Most people are bewildered by what is a global energy crisis, with prices for oil, gas and coal simultaneously soaring and even forcing closure of major industrial plants such as chemicals or aluminum or steel. The Biden Administration and EU have insisted that all is because of Putin and Russia’s military actions in Ukraine. This is not the case. The energy crisis is a long-planned strategy of western corporate and political circles to dismantle industrial economies in the name of a dystopian Green Agenda. That has its roots in the period years well before February 2022, when Russia launched its military action in Ukraine.

Blackrock pushes ESG

In January, 2020 on the eve of the economically and socially devastating covid lockdowns, the CEO of the world’s largest investment fund, Larry Fink of Blackrock, issued a letter to Wall Street colleagues and corporate CEOs on the future of investment flows. In the document, modestly titled “A Fundamental Reshaping of Finance”, Fink, who manages the world’s largest investment fund with some $7 trillion then under management, announced a radical departure for corporate investment. Money would “go green.” In his closely-followed 2020 letter Fink declared,
“In the near future – and sooner than most anticipate – there will be a significant re-allocation of capital…Climate risk is investment risk.” Further he stated, “Every government, company, and shareholder must confront climate change.”
In a separate letter to Blackrock investor clients, Fink delivered the new agenda for capital investing. He declared that Blackrock will exit certain high-carbon investments such as coal, the largest source of electricity for the USA and many other countries. He added that Blackrock would screen new investment in oil, gas and coal to determine their adherence to the UN Agenda 2030 “sustainability.”
Fink made clear the world’s largest fund would begin to disinvest in oil, gas and coal. “Over time,” Fink wrote, “companies and governments that do not respond to stakeholders and address sustainability risks will encounter growing skepticism from the markets, and in turn, a higher cost of capital.” He added that, “Climate change has become a defining factor in companies’ long-term prospects… we are on the edge of a fundamental reshaping of finance.” [ii]
From that point on the so-called ESG investing, penalizing CO2 emitting companies like ExxonMobil, has become all the fashion among hedge funds and Wall Street banks and investment funds including State Street and Vanguard. Such is the power of Blackrock. Fink was also able to get four new board members in ExxonMobil committed to end the company’s oil and gas business.
Image is by Michael Buholzer / Copyright WORLD ECONOMIC FORUM/swiss-image.ch


The January 2020 Fink letter was a declaration of war by big finance against the conventional energy industry. BlackRock was a founding member of the Task Force on Climate-related Financial Disclosures (the TCFD) and is a signatory of the UN PRI— Principles for Responsible Investing, a UN-supported network of investors pushing zero carbon investing using the highly-corrupt ESG criteria—Environmental, Social and Governance factors into investment decisions. There is no objective control over fake data for a company’s ESG. As well Blackrock signed the Vatican’s 2019 statement advocating carbon pricing regimes. BlackRock in 2020 also joined Climate Action 100, a coalition of almost 400 investment managers managing US$40 trillion.
With that fateful January 2020 CEO letter, Larry Fink set in motion a colossal disinvestment in the trillion-dollar global oil and gas sector. Notably, that same year BlackRock’s Fink was named to the Board of Trustees of Klaus Schwab’s dystopian World Economic Forum, the corporate and political nexus of the Zero Carbon UN Agenda 2030. In June 2019, the World Economic Forum and the United Nations signed a strategic partnership framework to accelerate the implementation of the 2030 Agenda. WEF has a Strategic Intelligence platform which includes Agenda 2030’s 17 Sustainable Development Goals.
In his 2021 CEO letter, Fink doubled down on the attack on oil, gas and coal. “Given how central the energy transition will be to every company’s growth prospects, we are asking companies to disclose a plan for how their business model will be compatible with a net zero economy,” Fink wrote. Another BlackRock officer told a recent energy conference, “where BlackRock goes, others will follow.” [iii]
In just two years, by 2022 an estimated $1 trillion has exited investment in oil and gas exploration and development globally. Oil extraction is an expensive business and cut-off of external investment by BlackRock and other Wall Street investors spells the slow death of the industry.

Biden—A BlackRock President?

Early in his then-lackluster Presidential bid, Biden had a closed door meeting in late 2019 with Fink who reportedly told the candidate that, “I’m here to help.” After his fateful meeting with BlackRock’s Fink, candidate Biden announced, “We are going to get rid of fossil fuels…” In December 2020, even before Biden was inaugurated in January 2021, he named BlackRock Global Head of Sustainable Investing, Brian Deese, to be Assistant to the President and Director of the National Economic Council. Here, Deese, who played a key role for Obama in drafting the Paris Climate Agreement in 2015, has quietly shaped the Biden war on energy.
This has been catastrophic for the oil and gas industry. Fink’s man Deese was active in giving the new President Biden a list of anti-oil measures to sign by Executive Order beginning day one in January 2021. That included closing the huge Keystone XL oil pipeline that would bring 830,000 barrels per day from Canada as far as Texas refineries, and halting any new leases in the Arctic National Wildlife Refuge (ANWR). Biden also rejoined the Paris Climate Accord that Deese had negotiated for Obama in 2015 and Trump cancelled.
The same day, Biden set in motion a change of the so-called “Social Cost of Carbon” that imposes a punitive $51 a ton of CO2 on the oil and gas industry. That one move, established under purely executive-branch authority without the consent of Congress, is dealing a devastating cost to investment in oil and gas in the US, a country only two years before that was the world’s largest oil producer.[iv]

Killing refinery capacity

Even worse, Biden’s aggressive environmental rules and BlackRock ESG investing mandates are killing the US refinery capacity. Without refineries it doesn’t matter how many barrels of oil you take from the Strategic Petroleum Reserve. In the first two years of Biden’s Presidency the US has shut down some 1 million barrels a day of gasoline and diesel refining capacity, some due to covid demand collapse, the fastest decline in US history. The shutdowns are permanent. In 2023 an added 1.7 million bpd of capacity is set to close as a result of BlackRock and Wall Street ESG disinvesting and Biden regulations. [v]
Citing the heavy Wall Street disinvestment in oil and the Biden anti-oil policies, the CEO of Chevron in June 2022 declared that he doesn’t believe the US will ever build another new refinery.[vi]
Larry Fink, Board member of Klaus Schwab’s World Economic Forum, is joined by the EU whose President of the EU Commission, the notoriously corrupt Ursula von der Leyen left the WEF Board in 2019 to become EU Commission head. Her first major act in Brussels was to push through the EU Zero Carbon Fit for 55 agenda. That has imposed major carbon taxes and other constraints on oil, gas and coal in the EU well before the February 2022 Russian actions in Ukraine. The combined impact of the Fink fraudulent ESG agenda in the Biden administration and the EU Zero Carbon madness is creating the worst energy and inflation crisis in history.
 

World Economic Forum Declares Pedophiles ‘Will Save Humanity’​

Fact checked
January 3, 2023 Baxter Dmitry News, US

Link: https://newspunch.com/world-economic-forum-declares-pedophiles-will-save-humanity/

A controversial initiative being promoted in the corridors of power by Klaus Schwab's World Economic Forum in Davos is set to have families and anyone who cares about children up in arms.


A controversial initiative being promoted in the corridors of power by Klaus Schwab’s World Economic Forum in Davos is set to have families and anyone who cares about children up in arms.

The World Economic Forum is now calling for the decriminalization of sex with children, arguing that laws against “age gap love,” more commonly known as pedophilia, “violate human rights.”

Rather than being a scourge, the pedophilia epidemic that is sweeping the world is actually “nature’s gift” to humanity, according to Klaus Schwab whose World Economic Forum has declared that pedophiles are being created by nature in increasingly large numbers for a reason.

Latest Videos​

Balenciaga Pedo-gate Blown WIDE OPEN
YouTube Video VVV6MkVGRnQxczFuc091bmhwRnNHQk9RLlk1SC1Bd0l5UVE4

Balenciaga Pedo-gate Blown WIDE OPEN
November 28, 2022 11:46 pm
Klaus Schwab and George Soros Declare China Must Lead New World Order
YouTube Video VVV6MkVGRnQxczFuc091bmhwRnNHQk9RLjUxZnJQbEhQaUww

Klaus Schwab and George Soros Declare China Must Lead New World Order
November 26, 2022 9:14 pm
Klaus Schwab: ‘God Is Dead’ and the WEF is ‘Acquiring Divine Powers’
YouTube Video VVV6MkVGRnQxczFuc091bmhwRnNHQk9RLnFMTHlOelF5bHhn

Klaus Schwab: ‘God Is Dead’ and the WEF is ‘Acquiring Divine Powers’
November 24, 2022 10:35 pm
‘Passion of the Christ’ Star Claims Hollywood Elite Are Trafficking Children For Adrenochrome
YouTube Video VVV6MkVGRnQxczFuc091bmhwRnNHQk9RLnNLZlpzVW90TUdV

‘Passion of the Christ’ Star Claims Hollywood Elite Are Trafficking Children For Adrenochrome
November 22, 2022 11:39 pm
Bill Gates Tells World Leaders ‘Death Panels’ Will Soon Be Required
YouTube Video VVV6MkVGRnQxczFuc091bmhwRnNHQk9RLlVrMDZMUjB0MjZ3

Bill Gates Tells World Leaders ‘Death Panels’ Will Soon Be Required
November 21, 2022 8:00 pm
Justin Bieber: Facial Paralysis Is ‘Punishment’ For Exposing Illuminati Pedophilia
YouTube Video VVV6MkVGRnQxczFuc091bmhwRnNHQk9RLlhRWUd5VWxfRGRz

Justin Bieber: Facial Paralysis Is ‘Punishment’ For Exposing Illuminati Pedophilia
November 18, 2022 7:29 pm
Spanish Royalty Expose Who Really Killed Princess Diana
YouTube Video VVV6MkVGRnQxczFuc091bmhwRnNHQk9RLnFkemdUZXRoc3N3

Spanish Royalty Expose Who Really Killed Princess Diana
November 16, 2022 1:43 pm
‘Controlled Opposition’: Dave Chappelle’s Family Say He Was Killed and Cloned by the Illuminati
YouTube Video VVV6MkVGRnQxczFuc091bmhwRnNHQk9RLjg2akR6S1NTdWNF

‘Controlled Opposition’: Dave Chappelle’s Family Say He Was Killed and Cloned by the Illuminati
November 14, 2022 11:53 pm
Michael Jackson Was Murdered for Saying SAME Things As Kanye 13 Years Ago
YouTube Video VVV6MkVGRnQxczFuc091bmhwRnNHQk9RLlU1WnBUWm1ZXzZj

Michael Jackson Was Murdered for Saying SAME Things As Kanye 13 Years Ago
November 13, 2022 1:34 am

According to a research paper presented at the WEF in Davos, the pedophile phenomenon represents nature’s attempt to cleanse the earth and “save humanity” from itself. Minor attracted people are far less likely to produce large numbers of offspring, according to academic data, and the so-called “underage people” they have so-called “relationships” with are statistically less likely to go on and become heads of large families themselves.

This appeals to the WEF and their vision of destroying the family unit and depopulating the earth.
The WEF, which has ordered the mainstream media to begin pushing the narrative, wants to introduce an international policy that will require the majority of countries to decriminalize or at the very least relax their laws against pedophilia.
The New York Times, always at the forefront of the globalist agenda, ran an op-ed arguing that pedophilia is not a crime.
According to the Times, civil rights protections must be extended to pedophiles. “Without legal protection, a pedophile cannot risk seeking treatment or disclosing his status to anyone for support.”
Screen-Shot-2022-12-29-at-11.00.13-PM.png.webp

Not to be outdone, CNN countered with an article proclaiming that pedophiles are not “monsters” or “social deviants living in the shadows.” According to CNN, it’s high-time for society to update its image of pedophiles.
CNN followed up this article with an even more explicit call for sympathy. Rather than considering child molesters the lowest of the low, we should reach out to them and seek to understand them, according to CNN because, they claim, “One cannot choose not to be a pedophile.”
The psychologist Jesse Bering, author of “Perv: The Sexual Deviant in All of Us,” also urges the reader to sympathize with child molesters, writing that people with pedophilia “aren’t living their lives in the closet; they’re eternally hunkered down in a panic room.”
Salon also got in on the act, urging us to meet pedophiles who mean well.
And the BBC, which famously spent decades covering up for Britain’s most notorious pedophile Jimmy Savile, also wants us to think positively about the new generation of pedophiles.
Make no mistake, a co-ordinated attempt is underway to present pedophilia as “harmless.”
What is going on? The media are presenting us with a classic case of the “Overton window.” According to the political scientist Joseph Overton, there is a window within which there are ideas considered “acceptable” by society, tolerated therefore even by those who do not share them. Ideas outside this window are considered “extremist” and not accepted in public debate.
Overton_Window_diagram.svg.png.webp

From this Overton window idea, there has been a move to theorize how an idea that is currently radical can succeed in becoming accepted by society, or even become popular policy. It is a scale of perceptions, whereby one goes from seeing an idea as unthinkable, to seeing it as radical, then acceptable, then popular and, at that point, translated into practice by politics.
According to the global elite in Davos, it’s time for mainstream society to catch up with them and relax the outdated social taboo against pedophilia. And what better way to change society’s morals than by brainwashing the children?
Just this week, Klaus Schwab was caught bragging about how the World Economic Forum has completely infiltrated education systems in many countries. According to Schwab, if children are exposed to the WEF ideology at a young enough age, they can be completely indoctrinated.

They have infiltrated the schools, plotting a course straight at our children. And we already know they have infiltrated the cabinets.
Governments across the world, operating under the control of the World Economic Forum, are waging war on our children. Klaus Schwab’s Young Global Leaders are systematically attempting to normalize pedophilia and decriminalize sex with children across the world.
This week in Jacinda Ardern’s far-left New Zealand, a judge declared that 12-year-old children can consent to sex with adults. You heard me correctly. The case in question featured a 45-year-old man whose defense centered on the claim that his 12-year-old victim “wanted it.” According to the middle-aged man, the 12-year-old girl pressured him for sex.
“I know she was a child but the way she came to me was like a mature woman. I refused her but she kept coming back to me. She truly wanted to do this,” the 45-year-old said of the child who was 12 at the time.
In the final days of the trial, Judge Earwaker addressed the issue of consent for a person under 16 years, according to a New Zealand Herald report:
Legally, a person under 16 cannot give consent for charges of indecent acts, therefore as a jury, all you need to decide is if the indecent acts took place,” he said.
Then came the kicker. The judge told the jury:
But as for sexual intercourse, a person under 16 can give consent. You need to consider whether or not the consent was given based on the evidence you have.”
Welcome to Klaus Schwab’s New Zealand.
But wait until you hear what is happening in France.
Emmanuel Macron was re-elected as president earlier this in an election widely regarded as suspect. It’s perhaps no surprise that he is also one of Klaus Schwab’s Young Global Leaders and France is also normalizing pedophilia.
President Macron’s government voted against having an age of consent in France in 2018, becoming one of the first nations to give in to pressure from an international cabal determined to decriminalize sex with children across the world.
This means federal law in France has no legal age of consent, and adults who have sex with children of any age will not be prosecuted for rape if the child victim is unable to prove “violence, threat, duress, or surprise.”
The draft bill against sexual and gender-based violence, known as the Schiappa law, was signed into law by the French Parliament on 3 August, sparking outrage in France as parents and children’s rights groups accused Macron’s government of betraying the nation’s children.
The lack of an age of consent places millions of children in serious danger of sexual abuse in France, according to child protection officials.
If anything, that is an understatement. But should they be surprised? Like Jacinda Ardern of New Zealand, Macron is one of Klaus Schwab’s Young Global Leaders. They are all hell-bent on waging war against our children.
Of course, the mainstream media is complicit in its silence. They too have been infiltrated by the World Economic Forum and they will try to cancel you if you dare to speak out about any of these issues. According to the mainstream media in 2020, obesity is healthy. Experimental vaccines are not causing people to keel over and die. And abortion is love.
George Orwell warned us about about these times. He said the elite would try and convince us that two and two equals five. That war is peace.
Now they are trying to convince us that raping children is a way to make the world a better place.
Even Orwell didn’t think they would go that far.
But if you have been paying attention to the WEF’s absurd policies in recent times you will not be surprised. WEF policies all have one thing in common: they dehumanize, degrade and mock us. They are designed to take away all of the joys of life and inflict maximum pain.
Then there is the depopulation drive, which was a conspiracy theory for a long time, but is now completely out in the open. They aren’t even trying to pretend they don’t want to eliminate the majority of us.
According to these two WEF goons, all religious groups are opposed to the World Economic Forum because religions want “more souls” and the WEF “wants less.”

At what point do we stop and say “enough”? How many times does the World Economic Forum have to declare their sinister intentions before the world stops and listens?
Klaus Schwab’s right hand man Yuval Noah Harari, who has a long history of saying the quiet part out loud, has declared that God is dead and “Jesus is fake news.”
According to Harari, there is no place in the modern world for traditional Christian values. It’s time for the world to accept the divinity of the World Economic Forum and let go of old-fashioned social taboos.
Pointing out the wickedness of the elite never seems to make a dent or have any impact whatsoever on them. Why? Because, they have no shame. They have no shame because they have no moral compass. They have no moral compass because they believe God is dead and they live according to the rule of “do as thou wilt.” This precept infests every fiber of their ideology, from elections, to open borders, to climate change, abortion, pedophilia, you name it.
I know at times it can feel dark and lonely, but the masses are waking up and the elite will not be able to take over as easily as they expected.
Even the sheep are slowly opening their eyes, which means there is hope for humanity if we continue to educate the masses. Please like this video and subscribe to this channel so that we can continue to spread the word far and wide and expose the agenda of the globalist elite.
We are in this together and the most important thing is to not be waylaid by messy politics and distractions that will turn the people against each other.
The common enemy is the one trying to control and poison you and corrupt your children, not your fellow neighbor. If we stay strong and united we will win this battle.
 

Elon Musk says WEF is becoming an ‘unelected world government’ pushing a ‘Satanic’ agenda​

Link: https://www.lifesitenews.com/news/e...pushing-a-satanic-agenda/?utm_source=top_news

Musk said the WEF’s much-touted ESG agenda is ‘Satanic’, and argued that the multinational organization is ‘increasingly becoming an unelected world government that the people never asked for and don’t want.’

Featured Image
Photo by Patrick Pleul - Pool/Getty Images

Ashley Sadler
Wed Jan 18, 2023 - 4:33 pm EST

Listen to this article

(LifeSiteNews) — Billionaire entrepreneur and Twitter owner Elon Musk this week blasted the controversial World Economic Forum (WEF) conference underway in Davos, Switzerland, even arguing that the group’s much-touted Environmental, Social, and Governance (ESG) agenda is “Satanic.”
The SpaceX founder and Tesla CEO made the remark in response to a lengthy Twitter thread by author Michael Shellenberger about the Davos confab.

According to Shellenberger, the Klaus Schwab-founded organization “is fighting back against those who say it and its founder are seeking global domination through a ‘great reset’ aimed at stripping the masses of their private property, de-industrializing the economy, and making everybody eat bugs.”
He noted that contrary to the protestations of its public relations wing, the WEF is hardly hiding its much-criticized agenda.
“Davos is one of the most heavily publicized events in the world,” he said, adding that each conference draws “hundreds of articles about the world leaders, celebrities, and billionaires”.

RELATED: John Kerry praises WEF for being part of ‘select group of human beings’ who are ‘saving the planet’

Shellenberger also pointed out that the WEF’s “wealth is managed by an internal Investment Committee that seeks to incorporate ‘environmental, social and governance (ESG) criteria in its investment strategy to manage the foundation’s long-term strategic reserves.’”
Broadly speaking, ESG principles and related corporate scores are designed to promote investment in companies that advance left-wing social justice goals, including “renewable energy,” racial “equity,” and even, in the post-Dobbs world, abortion access.
Musk responded to Shellenberger’s thread in a Sunday tweet, commenting that “[t]he S in ESG stands for Satanic.”

The quip by the world’s richest man wasn’t his only poke at the Davos summit, which has sparked renewed backlash amid the global COVID-19 response.
On Tuesday, he suggested that it “[d]oes seem odd” that FBI Director Christopher Wray is among those speaking at the conference.
SUBSCRIBE TO OUR DAILY HEADLINES

US Canada Catholic

On Wednesday, Musk doubled down on his criticisms of the WEF, arguing that the group “is increasingly becoming an unelected world government that the people never asked for and don’t want.”

A Wednesday Twitter poll posted by Musk to gauge whether people think that the “World Economic Forum should control the world” saw a sweeping majority cast their votes for “No.”
As of the time of this writing, about 86% of respondents said they didn’t think the WEF should have that power, compared with only 14% who think it should. Newsmax commentator Benny Johnson suggested that any account that voted in favor of WEF domination “is a guaranteed bot.”

A maverick entrepreneur who said last year he would be voting Republican after a lifetime of voting for Democrats, Elon Musk has also spoken out against the WEF and its left-wing ESG agenda in the past.
In May, the billionaire torched the ESG agenda as “a scam” that has been “weaponized by phony social justice warriors.”
In December, he expressed his consistent view that underpopulation, rather than overpopulation, poses an existential risk to future life, calling out the WEF’s overpopulation “philosophy” which he said spells the “death of humanity.”
Musk’s outspoken stances on such hot button-issues have garnered him broad support from many conservatives. Last year after announcing his intention to switch his political preference from Democrat to Republican, he publicly endorsed Florida Republican Gov. Ron DeSantis for president in 2024.
Some remain skeptical of Musk, however, whose Neuralink company seeks to connect human brain activity to the internet. It’s also unclear exactly where Musk stands on some of the other major issues of interest to social conservatives, like abortion and the LGBT agenda.
In 2020 Musk, who has a son who identifies as a woman, lobbed a mild critique against the prevailing trend of transgender pronouns, tweeting, “I absolutely support trans, but all these pronouns are an esthetic nightmare.” He also highlighted the fact that his electric car company Tesla scored a 100/100 for “LGBTQ equality” for the fourth consecutive year.

READ: Elon Musk says leftist schools teaching ‘full-on communism’ created rift with ‘transgender’ son
Speaking about Texas’ 2021 moves to ban abortion, Musk deflected at the time, saying he “would prefer to stay out of politics” but that the “government should rarely impose its will upon the people,” LifeSiteNews previously reported.
 

Mastering the Future: The Megalomaniacal Ambitions of the WEF​

by Michael Rectenwald | Mises Institute
January 24th 2023, 1:02 pm

Link: https://www.infowars.com/posts/mastering-the-future-the-megalomaniacal-ambitions-of-the-wef/

The Great Reset amounts to a hybrid state-corporate woke cartel administering the global economy (and by extension the world’s political systems) under the direction of the WEF, the UN, the International Monetary Fund (IMF), the European Central Bank (ECB), and the World Health Organization, as well as top corporate decision-makers like BlackRock’s CEO, Larry Fink.

The fifty-third annual meeting of the World Economic Forum (WEF) brought together fifty-two world leaders, seventeen hundred corporate executives, sundry artists, and other personalities to address “Cooperation in a Fragmented World.” Fragmentation is the nemesis of the World Economic Forum and its United Nations (UN) and corporate partners. “Fragmentation” means that segments of the world population are not adhering to the agenda of climate change catastrophism and the precepts of the Great Reset.

The Great Reset, meanwhile, amounts to a hybrid state-corporate woke cartel administering the global economy (and by extension the world’s political systems) under the direction of the WEF, the UN, the International Monetary Fund (IMF), the European Central Bank (ECB), and the World Health Organization, as well as top corporate decision-makers like BlackRock’s CEO, Larry Fink.


Lest we imagine that the WEF and its meetings merely represent the grandiose delusions of some ineffectual clowns, it should be noted that the WEF’s “stakeholder capitalism”—introduced in 1971 by Klaus Schwab, the WEF founder and chair, and Hein Kroos, in Modern Enterprise Management in Mechanical Engineering—has been embraced by the UN, by most central banks, as well as by the world’s leading corporations, commercial banks, and asset managers. Stakeholder capitalism is now considered to be the modus operandi of the world economic system.

In the 1971 book, Schwab and Kroos suggested that “the management of a modern enterprise must serve not only shareholders but all stakeholders to achieve long-term growth and prosperity.” The stakeholders are the compliant and complicit corporations and governments, not the citizenry.

BlackRock, the world’s largest asset manager, holds upwards of $10 trillion in assets under management (AUM), including the pension funds of many US states. In 2019, BlackRock’s CEO, Larry Fink, led the US Business Roundtable on stakeholder capitalism. CEOs from 181 major corporations redefined the common purpose of the corporation in terms of Schwab’s brainchild, stakeholder capitalism, signaling the supposed end of shareholder-driven capitalism. In his 2022 letter to CEOs, Fink made BlackRock’s own position on investment decisions quite clear. “Climate risk is investment risk,” Fink declared. He promised a “tectonic shift in capital,” an increased acceleration of investments going to “sustainability-focused” companies.

Fink warned CEOs: “And because this will have such a dramatic impact on how capital is allocated, every management team and board will need to consider how this will impact their company’s stock”(emphasis mine). According to Fink, stakeholder capitalism is not an aberration. Fink provides evidence of stakeholder capitalism’s woke imperative in his denial of the same: “It is not a social or ideological agenda. It is not ‘woke.’ It is capitalism.” This definition of capitalism would certainly have come as news to Ludwig von Mises.

Finks sits on the board of trustees of the WEF, along with former US vice president Al Gore; IMF managing director Kristalina Georgieva, the Managing Director of the IMF; ECB president Christine Lagarde, and Canadian deputy prime minister and minister of finance Chrystia Freeland, among others.

In his 2023 welcoming remarks and special address, Schwab pointed to the multiple crises facing the world: “the energy transformation, the consequences of covid, the reshaping of supply chains are all serving as catalytic forces for the economic transformation.” Incidentally, these are all factors that the WEF has promoted and/or exacerbated. And together they have added to the “high inflation, increasing interest rates, and growing national debt” that Schwab also decried.


Schwab pointed to the problem of social and geopolitical fragmentation and “a messy patchwork of powers,” alluding to the war in Ukraine. But Schwab also bemoaned “large corporate and social media powers, all competing increasingly for power and influence. As a result, the trend is again moving toward increased fragmentation and confrontation”—no doubt referring, at least in part, to the recent takeover of Twitter by Elon Musk, the loss of a major platform for propaganda and censorship. Naturally, Schwab referred to “climate change” and “viruses” as existential threats that could lead to “the extinction of large parts of our global population.” The question is whether “climate change” and “viruses” or rather the responses to these supposed menaces will be the cause of mass extinctions.

But “the most critical fragmentation” threat, Klaus argued, is posed by those who “go into the negative” and hold a “critical and confrontational attitude” to the Davos agenda—those with the temerity to oppose a global agenda of climate change catastrophism, with its attendant control over production and consumption and the virtual elimination of property and property rights for the vast majority.

A central issue that the fifty-third annual meeting addressed was “the Current Energy and Food Crises in the Context of a New System for Energy, Climate and Nature.” The theme accords with the WEF’s earlier and repeated claims that the agricultural supply chain is too “fragmented” for “sustainable” farming. “A resilient, environmentally-friendly food system will require a shift away from our current fragmented supply chains,” wrote Lindsay Suddon, chief strategy officer of Proagrica, in 2020. In Suddon’s and many other WEF papers, the “fragmentation” refrain is repeated. Sustainable farming cannot be achieved under the “fragmented” agricultural conditions that currently obtain.

One paper—entitled “Can Collective Action Cure What’s Ailing Our Food Systems?,” part of the 2020 WEF annual meeting—argued that fragmentation represents the ultimate barrier to sustainability:

As the heads of leading multilateral and commercial agricultural finance institutions, we are convinced that fragmentation within the current food systems represents the most significant hurdle to feeding a growing population nutritiously and sustainably.
Written by Wiebe Draijer, then chairman of the managing board at Rabobank, and Gilbert Fossoun Houngbo, the director general–elect of the International Labour Organization (ILO), the paper was quite telling. It warned that unless fragmentation is addressed, “we will also have no hope of reaching the Sustainable Development Goal of net zero emissions by 2050, given that today’s agricultural supply chain, from farm to fork, accounts for around 27% of greenhouse gas (GHG) emissions.”

Rabobank is one of the financial sponsors of the WEF’s Food Action Alliance (discussed below). On its website, Rabobank notes that it operates in the Netherlands, serving retail and corporate clients, and globally, financing the agricultural sector. The ILO is a UN agency that sets labor standards in 187 countries.

What interests could an international bank and a UN international labor agency have in common? According to their jointly authored paper, they have in common a resolve to eliminate fragmentation in agriculture. The banking interest in defragmentation is to gain a controlling interest in fewer and larger farms. The labor union management interest is to have more workers under its supervision and control. The banking and labor interests combined result in large farms worked by organized farm laborers—nonowners—under the controlling interest of the bank. A bonus rationale (more likely the main one) for this “scheme” is that the sustainable development goals (SDGs) of the UN’s Agenda 2030 can thereby more easily be implemented across “agricultural value chains and farming practices.” The authors conclude: “Most critically, we need to aggregate opportunities, resources and complementary expertise into large-scale projects that can unlock investment and deliver impact” (emphasis mine). “Collective action” is the “cure.”

In terms of agriculture, that is, “fragmentation” means too many discrete and disparate farms. The solution to this problem is consolidation, or the ownership of agricultural assets by fewer and fewer entities. Enter Bill Gates in the US. The “large-scale projects” will be owned by those who can afford to abide by the European Commission’s (EC) Farm to Fork Strategy. “The Farm to Fork Strategy is at the heart of the European Green Deal.” The goal of the European Green Deal is “no net emissions of greenhouse gases by 2050.” (More on the Farm to Fork Strategy and its effects on hunger and starvation below.)

The issue of food supply was addressed in a session entitled “Sustainably Served.” The summary caption for the session notes that “nearly 830 million people face food insecurity and more than 3 billion are unable to afford a healthy diet. Challenges to human and planetary health have been further compounded by rising costs, supply chain disruptions and climate change.”

The highlight of the “Sustainably Served” panel, which otherwise amounted to virtue signaling, came in the form of questions posed by an audience member, “Jacob, from America”:

I want to ask a question about food production. Last year the Dutch government announced harsh restrictions on the use of nitrogen fertilizers. Such restrictions forced many farmers to put much of their land out of production. And these policies led to 30,000 Dutch farmers protesting these government policies. And this was being done at a time when food production was already being severely curtailed because of the war in Ukraine. My questions are, one, does the panel support similar policies being implemented throughout the world? And do you support the Dutch farmers who are protesting? Do not such strict policies leading to reduced food production ultimately harm the poorest people of the world and exacerbate the problem of malnutrition?
The questioner was one of four, yet his questions dominated the rest of the session and led the moderator, Tolu Oni, and panelist Hanneke Faber, the president of nutrition at Unilever, which is based in the Netherlands, to become quite defensive. The latter replied:

I am Dutch, and our business is based in Holland. It’s a very difficult situation in Holland. I have a lot of sympathy for the farmers who are protesting, because it’s their livelihoods and their businesses at risk. But I also have a lot of sympathy for what the government is trying to do, because the nitrogen emissions are way too high. . . . So, something needs to be done. . . .
But it’s a very Dutch problem. I don’t think that you have to worry that those same solutions will have to go somewhere else.
This last statement is belied by the fact that the Netherlands is the headquarters of the WEF’s Food Action Alliance program and the site of the Global Coordinating Secretariat (GCS) of the WEF’s Food Innovation Hubs. Launched at the Davos Agenda meeting in 2021, the Food Innovation Hubs have as their goal alignment with the UN Food Systems Summit: “The role of the GCS will be to coordinate the efforts of the regional Hubs as well as align with global processes and initiatives such as the UN Food Systems Summit.” And the stated goal of the UN Food Systems Summit is to align agricultural production with Agenda 2030’s SDGs: “The UN Food Systems Summit, held during the UN General Assembly in New York on September 23 [2021], set the stage for global food systems transformation to achieve the Sustainable Development Goals by 2030.”

“Sustainability” and “sustainable development” do not mean, as the words seem to suggest, the ability to withstand shocks of various kinds—economic crises, natural disasters, etc. They mean development constrained by utopian, unscientific environmentalist imperatives, inclusive of reduced production and consumption in the developed world and the thwarting of development that would result in the production of additional GHGs in the developing world. In terms of agriculture, this entails a reduction in the use of nitrogen-rich fertilizers and their eventual elimination and the phasing out of methane- and ammonia-producing cattle. In the Netherlands, the Food Hubs initiative has already led to the government’s compulsory buyout and closure of as many as three thousand farms, which will lead to dramatically reduced crop yields from the world’s second-largest exporter of agricultural products.

The situation in the Netherlands is also part of the European Commission’s Farm to Fork Strategy. Under the Trump administration, the United States Department of Agriculture (USDA), found that adopting the plan would result in a decline in agricultural production of between 7 percent and 12 percent for the European Union, depending on whether the adoption is EU-wide or global. With EU-only adoption, the decline in EU agricultural production was projected to be 12 percent, as opposed to 7 percent should the adoption become global. In the case of global adoption, worldwide agricultural production was projected to drop by 11 percent. Further, the USDA reported:

The decline in agricultural production would tighten the EU food supply, resulting in price increases that impact consumer budgets. Prices and per capita food costs would increase the most for the EU, across each of the three scenarios [a middle scenario of adoption of Farm to Fork by the EU and neighboring nation-states was included in the study]. However, price and food cost increases would be significant for most regions if [Farm to Fork] Strategies are adopted globally. For the United States, price and food costs would remain relatively unchanged except in the case of global adoption.
Production declines in the EU and elsewhere would lead to reduced trade, although some regions would benefit depending on changes in import demand. However, if trade is restricted as a result of the imposition of the proposed measures, the negative impacts are concentrated in regions with the world’s most food-insecure populations. . . .
Food insecurity, measured as the number of people who lack access to a diet of at least 2,100 calories a day, increases significantly in the 76 low- and middle-income countries covered in our analysis due to increases in food commodity prices and declines in income, particularly in Africa. By 2030, the number of food-insecure people in the case of EU-only adoption would increase by an additional 22 million more than projected without the EC’s proposed Strategies. The number would climb to 103 million under the middle scenario and 185 million under global adoption. (emphasis mine)
Thus, we see that “sustainably served” means sustainably starved.

Another panel of note was “Stewarding Responsible Capitalism,” which featured Brian T. Moynihan, CEO of Bank of America and chair of the WEF business council, among others. An arch proponent of stakeholder capitalism, Moynihan suggested that companies that do not meet environmental, social, and governance (ESG) criteria will simply be left behind. No one will do business with such companies, he said.

Moynihan’s comments revealed the extent to which stakeholder capitalism and the metric for measuring it, the ESG index, have penetrated commercial banking. In fact, over three hundred major banks are signatories of the UN’s “Principles for Responsible Banking,” “representing almost half of the global banking industry.” Meanwhile, forty-seven hundred asset management firms, asset owners, and asset service providers have signed the UN’s six “Principles for Responsible Investment.” These principles are entirely focused on ESG compliance and meeting the UN’s Agenda 2030 sustainable development goals. ESG indexing now pervades every aspect of banking and investment businesses, including what companies they invest in, how they adhere to ESG metrics themselves, and how they cooperate with competitors to promote ESGs. Thus, the goal of the principles is to universalize ESG investing. ESG indexing raises the cost of doing business, starves the noncompliant of capital, and creates a woke cartel of preferred producers.

In the “Philanthropy: A Catalyst for Protecting Our Planet” session, US climate envoy John Kerry suggested that he and the people at Davos were “a select group of human beings, [who], because of whatever touched us at some point in our lives, are able to sit in a room and come together and actually talk about saving the planet.” Betraying the religious, cultlike character of the Davos group, Kerry suggested that his and others’ anointment as saviors of the planet was “almost extraterrestrial.” If you tell them you are interested in saving the planet, “most people,” Kerry continued, “they think you are a tree-hugging leftie liberal do-gooder.” But I submit that “most people” think Kerry and his ilk are not do-gooders at all but rather control freaks and megalomaniacs bent on controlling the world’s population.

On other panels, the speakers stated that eating meat, driving cars, and living outside the bounds of fifteen-minute cities should be disallowed.

In short, with the Davos agenda, we are confronted with a concerted, coordinated campaign to dismantle the productive capabilities in energy, manufacturing, and farming. This project, driven by elites and accruing to their benefit, is amounting to the largest Great Leap Backward in recorded history. If it is not stopped and reversed, it will lead to economic disaster, including dramatically reduced consumption and living standards. And it will almost certainly result in more hunger in the developed world and famines in the developing world. WEF chairman Schwab may outdo Chairman Mao. If we let him.
 

How Blackrock Investment Fund Triggered the Global Energy Crisis​

"Adherence to UN 2030 Sustainability Agenda". Colossal disinvestment in the trillion-dollar global oil and gas sector.​

By F. William Engdahl
Global Research, February 03, 2023

Link: https://www.globalresearch.ca/how-blackrock-larry-fink-created-global-energy-crisis/5799286

blackrock-buy-bank-americas-87-billion-money-market-fund-business-400x274.jpg

All Global Research articles can be read in 51 languages by activating the Translate Website button below the author’s name.
To receive Global Research’s Daily Newsletter (selected articles), click here.
Follow us on Instagram and Twitter and subscribe to our Telegram Channel. Feel free to repost and share widely Global Research articles.
First published by Global Research on November 16, 2022
***
Most people are bewildered by what is a global energy crisis, with prices for oil, gas and coal simultaneously soaring and even forcing closure of major industrial plants such as chemicals or aluminum or steel. The Biden Administration and EU have insisted that all is because of Putin and Russia’s military actions in Ukraine. This is not the case. The energy crisis is a long-planned strategy of western corporate and political circles to dismantle industrial economies in the name of a dystopian Green Agenda. That has its roots in the period years well before February 2022, when Russia launched its military action in Ukraine.

Blackrock pushes ESG

In January, 2020 on the eve of the economically and socially devastating covid lockdowns, the CEO of the world’s largest investment fund, Larry Fink of Blackrock, issued a letter to Wall Street colleagues and corporate CEOs on the future of investment flows. In the document, modestly titled “A Fundamental Reshaping of Finance”, Fink, who manages the world’s largest investment fund with some $7 trillion then under management, announced a radical departure for corporate investment. Money would “go green.” In his closely-followed 2020 letter Fink declared,
“In the near future – and sooner than most anticipate – there will be a significant re-allocation of capital…Climate risk is investment risk.” Further he stated, “Every government, company, and shareholder must confront climate change.”
In a separate letter to Blackrock investor clients, Fink delivered the new agenda for capital investing. He declared that Blackrock will exit certain high-carbon investments such as coal, the largest source of electricity for the USA and many other countries. He added that Blackrock would screen new investment in oil, gas and coal to determine their adherence to the UN Agenda 2030 “sustainability.”
Fink made clear the world’s largest fund would begin to disinvest in oil, gas and coal. “Over time,” Fink wrote, “companies and governments that do not respond to stakeholders and address sustainability risks will encounter growing skepticism from the markets, and in turn, a higher cost of capital.” He added that, “Climate change has become a defining factor in companies’ long-term prospects… we are on the edge of a fundamental reshaping of finance.” [ii]
From that point on the so-called ESG investing, penalizing CO2 emitting companies like ExxonMobil, has become all the fashion among hedge funds and Wall Street banks and investment funds including State Street and Vanguard. Such is the power of Blackrock. Fink was also able to get four new board members in ExxonMobil committed to end the company’s oil and gas business.
Image is by Michael Buholzer / Copyright WORLD ECONOMIC FORUM/swiss-image.ch


The January 2020 Fink letter was a declaration of war by big finance against the conventional energy industry. BlackRock was a founding member of the Task Force on Climate-related Financial Disclosures (the TCFD) and is a signatory of the UN PRI— Principles for Responsible Investing, a UN-supported network of investors pushing zero carbon investing using the highly-corrupt ESG criteria—Environmental, Social and Governance factors into investment decisions. There is no objective control over fake data for a company’s ESG. As well Blackrock signed the Vatican’s 2019 statement advocating carbon pricing regimes. BlackRock in 2020 also joined Climate Action 100, a coalition of almost 400 investment managers managing US$40 trillion.
With that fateful January 2020 CEO letter, Larry Fink set in motion a colossal disinvestment in the trillion-dollar global oil and gas sector. Notably, that same year BlackRock’s Fink was named to the Board of Trustees of Klaus Schwab’s dystopian World Economic Forum, the corporate and political nexus of the Zero Carbon UN Agenda 2030. In June 2019, the World Economic Forum and the United Nations signed a strategic partnership framework to accelerate the implementation of the 2030 Agenda. WEF has a Strategic Intelligence platform which includes Agenda 2030’s 17 Sustainable Development Goals.
In his 2021 CEO letter, Fink doubled down on the attack on oil, gas and coal. “Given how central the energy transition will be to every company’s growth prospects, we are asking companies to disclose a plan for how their business model will be compatible with a net zero economy,” Fink wrote. Another BlackRock officer told a recent energy conference, “where BlackRock goes, others will follow.” [iii]
In just two years, by 2022 an estimated $1 trillion has exited investment in oil and gas exploration and development globally. Oil extraction is an expensive business and cut-off of external investment by BlackRock and other Wall Street investors spells the slow death of the industry.

Biden—A BlackRock President?

Early in his then-lackluster Presidential bid, Biden had a closed door meeting in late 2019 with Fink who reportedly told the candidate that, “I’m here to help.” After his fateful meeting with BlackRock’s Fink, candidate Biden announced, “We are going to get rid of fossil fuels…” In December 2020, even before Biden was inaugurated in January 2021, he named BlackRock Global Head of Sustainable Investing, Brian Deese, to be Assistant to the President and Director of the National Economic Council. Here, Deese, who played a key role for Obama in drafting the Paris Climate Agreement in 2015, has quietly shaped the Biden war on energy.
This has been catastrophic for the oil and gas industry. Fink’s man Deese was active in giving the new President Biden a list of anti-oil measures to sign by Executive Order beginning day one in January 2021. That included closing the huge Keystone XL oil pipeline that would bring 830,000 barrels per day from Canada as far as Texas refineries, and halting any new leases in the Arctic National Wildlife Refuge (ANWR). Biden also rejoined the Paris Climate Accord that Deese had negotiated for Obama in 2015 and Trump cancelled.
The same day, Biden set in motion a change of the so-called “Social Cost of Carbon” that imposes a punitive $51 a ton of CO2 on the oil and gas industry. That one move, established under purely executive-branch authority without the consent of Congress, is dealing a devastating cost to investment in oil and gas in the US, a country only two years before that was the world’s largest oil producer.[iv]

Killing refinery capacity

Even worse, Biden’s aggressive environmental rules and BlackRock ESG investing mandates are killing the US refinery capacity. Without refineries it doesn’t matter how many barrels of oil you take from the Strategic Petroleum Reserve. In the first two years of Biden’s Presidency the US has shut down some 1 million barrels a day of gasoline and diesel refining capacity, some due to covid demand collapse, the fastest decline in US history. The shutdowns are permanent. In 2023 an added 1.7 million bpd of capacity is set to close as a result of BlackRock and Wall Street ESG disinvesting and Biden regulations. [v]
Citing the heavy Wall Street disinvestment in oil and the Biden anti-oil policies, the CEO of Chevron in June 2022 declared that he doesn’t believe the US will ever build another new refinery.[vi]
Larry Fink, Board member of Klaus Schwab’s World Economic Forum, is joined by the EU whose President of the EU Commission, the notoriously corrupt Ursula von der Leyen left the WEF Board in 2019 to become EU Commission head. Her first major act in Brussels was to push through the EU Zero Carbon Fit for 55 agenda. That has imposed major carbon taxes and other constraints on oil, gas and coal in the EU well before the February 2022 Russian actions in Ukraine. The combined impact of the Fink fraudulent ESG agenda in the Biden administration and the EU Zero Carbon madness is creating the worst energy and inflation crisis in history.
 

French Pension Protesters Storm Paris BlackRock Headquarters​

BY TYLER DURDEN
THURSDAY, APR 06, 2023 - 07:10 AM

Link: https://www.zerohedge.com/political...te-again-after-union-talks-prime-minster-fail

Update (0810ET):

We noted early that pension protestors in France were gathered outside of BlackRock's Paris headquarters. The protestors have now stormed the building.
Here are the current scenes from Paris: [ck site link, above, top]

* * *
France faces another wave of widespread protests and strikes following an unproductive discussion between the prime minister and labor unions. The failure to reach a compromise on the unpopular pension reform, which extends the working years for individuals, has fueled two-and-a-half months of public discontent.
Hundreds of thousands of people are expected to protest on Thursday against Emmanuel Macron's pension reform to raise the minimum age from 62 to 64.

Trade union leaders met the Prime Minister, Elisabeth Borne, on Wednesday, but after just an hour of talks -- they failed to find a comprise. The Guardian provides insight into some of those conversations:
Cyril Chabanier, speaking on behalf of France's eight main unions, said: "We again told the prime minister that the only democratic outcome would be the text's withdrawal. The prime minister replied that she wished to maintain the text, a serious decision."
Sophie Binet, the new leader of the CGT trade union, called for more protests and strikes after the failed talks with the prime minister:
"We have to continue mobilizing until the end, until the government understands there is no way out other than withdrawing this reform," Binet said.
Labor unions plan to keep pressure on the government until the Constitutional Council decides on the pension reform. They believe there's still a chance to block it from becoming law on April 14. If unions are unsuccessful, strikes will likely continue.
"We're in a social crisis, we have a democratic crisis, there is a problem, and the president has the solution in his hands," Laurent Berger, leader of the CFDT union, said on RTL radio.
Bloomberg cited a recent poll that shows most French people oppose pension reform.

And most French people support pension reform protests.

Meanwhile, Macron is meeting with Chinese President Xi Jinping in Beijing today while France enters another round of mass protests.
 

“There’s No Free Pass Here” – John Kerry Puts Oil and Gas Industry on Notice (VIDEO)​

STATION GOSSIP 08:53

Link: http://www.stationgossip.com/2023/04/theres-no-free-pass-here-john-kerry.html

[see vid at site link, above]

Biden’s Climate Czar John Kerry put the oil and gas industry on notice John Kerry appeared on MSNBC this weekend to discuss the Biden Regi...​


New Zealand’s Strongest Man to Compete in Women’s Powerlifting Contest to Protest Allowing Transgender Biological Men to Compete
“There’s No Free Pass Here” – John Kerry Puts Oil and Gas Industry on Notice (VIDEO)
0-494.jpg

Biden’s Climate Czar John Kerry put the oil and gas industry on notice
John Kerry appeared on MSNBC this weekend to discuss the Biden Regime’s commitment to $1 billion to the international climate fund.
John Kerry put the oil and gas industry on notice: “There’s no free pass here.”

Unless you’re China or John Kerry who flies around on private jets.
China doesn’t need to reduce their carbon emissions.

WATCH: [ck site link, above, top]

Biden “climate envoy” John Kerry puts “the oil and gas industry” on notice for more mandates: “there’s no free pass here” pic.twitter.com/elFMmddfrI
— RNC Research (@RNCResearch) April 22, 2023
 

Everything You Need To Know About BlackRock, The Company That Owns The World​

Link: http://www.womensystems.com/2023/04/everything-you-need-to-know-about.html

Women System April 24, 2023

BlackRock is one of the most powerful organizations in the world, and its nefarious role in global economics and politics is becoming more apparent.
)
The investment giant is pushing woke politics in the form of corporate social credit scores (ESG), which includes the dangerous “net zero” and LGBT agenda. BlackRock is also responsible for rigging the financial systems and has control over a significant portion of the world’s wealth.
In order to fight back, we need to know what we are dealing with. In this article, we take a deep dive into the history, current business practices, and plans of the globalist behemoth known as BlackRock.

The history of BlackRock and its founder
As of early 2022, BlackRock Inc. had around $10 trillion in assets under its management, making it the largest asset manager in the world. Blackrock holds a significant number of shares in most of the largest corporations in the world, including Amazon, Apple, Microsoft, Google, Tesla, Coca-Cola, Moderna, Johnson & Johnson, Exxon Mobil, Visa, Chevron, JPMorgan Chase, Walmart, and many more.
The company was founded 35 years ago, in 1988, by investment banker and current CEO Larry Fink as an affiliate organization of Blackstone Inc. It was originally named Blackstone Financial Management and grew rapidly within the first four years of its existence, reaching a portfolio of $17 billion by 1992, journalist James Corbett reported.
Since BlackRock had grown into a very respectable business, Fink and Stephen Schwarzman, the CEO of Blackstone, decided to separate BlackRock from Blackstone and make it into its own venture.

BlackRock went public in 1999 for $14 a share; the firm managed $165 billion in assets at this point. In the early 2000s, the company expanded its business to include analytics and risk management. It bought the investment management company State Street Research & Management in 2004, merged with the investment management firm Merrill Lynch in 2006, and acquired the Quellos Group’s key asset-management unit in 2007, bringing BlackRock’s total asset value under management to over $1 trillion.
While the financial success of BlackRock may seem impressive up until this point, what really turned the firm into the global financial dominator it is today was the financial crisis of 2007 and 2008. Journalist Heike Buchter, who wrote a book on BlackRock, said in 2015, “Prior to the financial crisis I was not even familiar with the name. But in the years after the Lehman [Brothers] collapse [in 2008], BlackRock appeared everywhere. Everywhere!”

Many banks, including Lehman Brothers, as well as the U.S. government and the Federal Reserve turned to Fink and BlackRock for help to sort out the complicated financial instruments that had led to the crisis and to assist with the 2008 bailouts.
Fink was trusted by these institutions as an expert on the financial instruments that led to the sub-prime mortgage crisis because he helped to create the toxic mortgage industry. In the 1980s, when Fink was still working for the investment bank First Boston, he constructed “his first Collateralized Mortgage Obligation (CMO) and almost single-handedly” created “the sub-prime mortgage market that would fail so spectacularly in 2008,” Corbett wrote.

“When the dust finally settled on Wall Street after the Lehman Brothers collapse, there was little doubt who was sitting on top of the dust pile: BlackRock,” Corbett said.
Under Fink’s leadership, BlackRock used its financial power and influence to move into national and international politics. Author and economic journalist F. William Endgahl put it this way:
BlackRock founder and CEO Larry Fink is clearly interested in buying influence globally. He made former German CDU MP Friederich Merz head of BlackRock Germany when it looked as if he might succeed Chancellor Merkel, and former British Chancellor of Exchequer George Osborne as ‘political consultant.’ Fink named former Hillary Clinton Chief of Staff Cheryl Mills to the BlackRock board when it seemed certain Hillary would soon be in the White House.
He has named former central bankers to his board and gone on to secure lucrative contracts with their former institutions. Stanley Fisher, former head of the Bank of Israel and also later Vice Chairman of the Federal Reserve, is now Senior Adviser at BlackRock. Philipp Hildebrand, former Swiss National Bank president, is vice chairman at BlackRock, where he oversees the BlackRock Investment Institute. Jean Boivin, the former deputy governor of the Bank of Canada, is the global head of research at BlackRock’s investment institute.
You can clearly see the entanglement between BlackRock and the highest levels of politics and business and the immense global influence Fink’s investment firm therefore possesses. The corporation became so powerful that Professor William Birdthistle called it the “fourth branch of government.”

BlackRock in cahoots with the Biden administration

In 2019, when Joe Biden contemplated running for President against Donald Trump, the former vice president met with Fink to ask for BlackRock’s support. The CEO reportedly told Biden that “I’m here to help.”
Biden, seemingly quick to compensate BlackRock for its help, appointed Brian Deese as director of the National Economic Council soon after he became President. Before that, Deese was BlackRock’s Head of Sustainable Investing from 2017 until 2020. He also held several key positions in the Obama administration, including senior adviser to the president.
Another former BlackRock employee in the current Biden administration is Deputy Treasury Secretary Adewale Adeyemo, who served as senior adviser to Fink from 2017 until 2019. The Nigerian-born politician also has close ties to former President Barack Obama; he was chosen to be the first president of the Obama Foundation in 2019.
Moreover, former global chief investment strategist at BlackRock, Michael Pyle, is now the senior economic adviser to Vice President Kamala Harris. Pyle also served as a senior adviser to the Undersecretary of the Treasury for International Affairs in the Obama administration.
One may say that the Biden administration’s economic policy is essentially run by BlackRock.

BlackRock’s key role in the Great Reset and the COVID ‘pandemic’

Corbett argues that the COVID-19 “pandemic” was not mainly about a virus but rather represented an opportunity for global elites, particularly BlackRock, to reshape the global economy and the financial system.
On August 22, 2019, Fink officially joined forces with Klaus Schwab’s globalist World Economic Forum (WEF) when he became a member of the WEF’s Board of Trustees. On the same day, a meeting began of central bankers, economists, and policymakers to discuss economic policy – the annual Jackson Hole Economic Symposium – where BlackRock kicked off its financial revolution.
One week before the event, BlackRock published a paper that would set the parameters of the discussion at the symposium in Jackson Hole, Wyoming.
“After years of quantitative easing (QE) and ZIRP (zero interest rate policy) and even the once-unthinkable NIRP (negative interest rate policy), the banksters were running out of room to operate,” Corbett explained.
So, the financial elites needed something new and BlackRock provided them with an answer: “Going direct.”
In order to understand the concept, one must first know that the monetary system is split into two circuits: the retail circuit and the wholesale circuit. The retail circuit is where “bank money” is spent, i.e. the money that regular people and businesses spent to transact in the economy. Then there is “reserve money” (wholesale circuit) which are the deposits that banks keep at central banks, like the Federal Reserve (Fed) or the European Central Bank (ECB).
For a more detailed explanation of the two monetary circuits, you can read my article on Central Bank Digital Currencies.
BlackRock’s proposal of “going direct” meant bypassing the split monetary system and letting central banks directly pump money into various private and public entities.
“An unprecedented response is needed when monetary policy is exhausted and fiscal policy alone is not enough,” BlackRock’s August 2019 paper stated. “That response will likely involve ‘going direct’: Going direct means the central bank finding ways to get central bank money directly in the hands of public and private sector spenders.”
In September 2019, months before the so-called “pandemic” began, Federal Reserve money started to be directly pumped into the retail monetary circuit.
Once the federal bailouts began with the first lockdowns in March 2020, the “going direct” system had already been put in place and the Fed could directly put money into private and public organizations.
“What we were told was a ‘pandemic’ was in fact, on the financial level, just an excuse for an absolutely unprecedented pumping of trillions of dollars from the Fed directly into the economy,” Corbett wrote.
In March 2020, similar to the financial crisis in 2007–2008, the Fed turned to BlackRock to manage its bailout programs.
This allowed BlackRock to get access to government, i.e. taxpayer, money, and distribute it to corporations that BlackRock was invested in and it enabled BlackRock to bail out one of its most important assets: iShares, the exchange traded funds (ETFs) collection, which as of January 2023 had $2.23 trillion worth of assets under management.
This means that BlackRock was allowed by the Fed to use taxpayer money to bail out its own assets. Russ and Pam Martens put it like this in their blog piece:
No bid contracts and buying up your own products, what could possibly be wrong with that? To make matters even more egregious, the stimulus bill known as the CARES Act set aside $454 billion of taxpayers’ money to eat the losses in the bail out programs set up by the Fed. A total of $75 billion has been allocated to eat losses in the corporate bond-buying programs being managed by BlackRock. Since BlackRock is allowed to buy up its own ETFs, this means that taxpayers will be eating losses that might otherwise accrue to billionaire Larry Fink’s company and investors.
In addition to the Fed, the Bank of Canada and the Swedish central bank also consulted BlackRock to help manage their corporate bond buying program.
With its 2020 “going direct” coup d’état, “BlackRock had truly conquered the planet,” Corbett wrote.
“It was now dictating central bank interventions and then acting in every conceivable role and in direct violation of conflict-of-interest rules, acting as consultant and advisor, as manager, as buyer, as seller and as investor with both the Fed and the very banks, corporations, pension funds and other entities it was bailing out.”

BlackRock’s all-powerful IT system

A significant portion of the value of all stocks and bonds in the world is managed through BlackRock’s “central processing system for investment management.”
This system, called Aladdin (abbreviation for “asset, liability, debt and derivative investment network”), is not only used by BlackRock itself.
BlackRock Solutions, one of BlackRock’s subsidiaries, licenses Aladdin to over 150 institutions, including the second largest asset manager in the world, Vanguard, and another giant of the industry: State Street Global Advisors. The system is also used by many of biggest insurance companies in the world and Big Tech firms such as Alphabet (Google), Apple, and Microsoft, as well as multiple pension funds.
Every day, Aladdin runs so-called “Monte Carlo simulations” – computer algorithms designed to model the probability of possible outcomes in systems that contain random variables – on all of the financial instruments under its management.
In 2017, Aladdin was risk-managing assets worth $20 trillion, the Financial Times reported. BlackRock has stopped reporting this figure since then, and it is likely much higher today.
In the past, the IT system was only used to calculate risk while the decisions were still made by humans. However, in 2017, Fink “threw his lot in with the machines” as BlackRock started to use an automated computer system called “Monarch” that took over the decision-making process for many of its assets.
In short, BlackRock’s Aladdin system manages well over $20 trillion worth of assets, which means that a considerable portion of the world’s wealth is dependent on calculations of a single computer system. Moreover, decisions to buy and sell stock are increasingly made by algorithms and AI instead of human beings.
Mistakes in the algorithms, whether they are deliberate or not, could therefore result in a disaster for the world economy.
The burning question that remains is what BlackRock plans to do with all the immense power and influence it acquired.

How BlackRock controls the world

“Behaviors are going to have to change and this is one thing that we are asking companies. You have to force behaviors and at BlackRock, we are forcing behaviors.”
This Larry Fink quote from 2017 summarizes what BlackRock is doing with its power and influence: forcing behaviors and shaping society in its image.
Fink’s yearly “letter to CEOs,” although it is officially not a directive, has been described as a “call to action” that changes the corporate behavior of many of the largest companies in the world. This was even confirmed by a peer-reviewed paper that concluded that “our evidence suggests that portfolio firms are responsive to BlackRock’s public engagement efforts.”
Fink has been using his influence over the corporate world to push the woke Environmental, Social, and Governance (ESG) agenda. ESG is essentially a kind of social credit system for corporations to make sure that they toe the line on destructive “net zero” carbon emission policies and various other items of the globalist agenda.
In his 2022 letter to CEOs, Fink wrote the following:
Sustainable investments have now reached $4 trillion. Actions and ambitions towards decarbonization have also increased. This is just the beginning – the tectonic shift towards sustainable investing is still accelerating. Whether it is capital being deployed into new ventures focused on energy innovation, or capital transferring from traditional indexes into more customized portfolios and products, we will see more money in motion.
Every company and every industry will be transformed by the transition to a net zero world. The question is, will you lead, or will you be led?
He also made it clear that BlackRock demands that corporations follow the “net zero” ESG agenda:
Stakeholder capitalism is all about delivering long-term, durable returns for shareholders. And transparency around your company’s planning for a net zero world is an important element of that. But it’s just one of many disclosures we and other investors ask companies to make. As stewards of our clients’ capital, we ask businesses to demonstrate how they’re going to deliver on their responsibility to shareholders, including through sound environmental, social, and governance practices and policies.
A low ESG “social credit” rating will prevent business from successfully operating, as journalist Iain Davis explains:
This will be achieved using Stakeholder Capitalism Metrics. Assets will be rated using environmental, social and governance (ESG) benchmarks for sustainable business performance. Any business requiring market finance, perhaps through issuing climate bonds, or maybe green bonds for European ventures, will need those bonds to have a healthy ESG rating.
A low ESG rating will deter investors, preventing a project or business venture from getting off the ground. A high ESG rating will see investors rush to put their money in projects that are backed by international agreements.
BlackRock is not alone in pushing the net zero agenda. There are currently 301 signatories to “The Net Zero Asset Managers initiative” that combined have $59 trillion under management.
Naturally, BlackRock also promotes Central Bank Digital Currency (CBDC), as the complete digitization of payments would enable total control over all monetary exchanges and therefore make it even easier to enforce the ESG agenda.
In his 2022 letter to shareholders, Fink raved about the benefits of CBDCs like “reducing the risk of money laundering and corruption” and bringing “down costs of cross-border payments.”
It goes almost without saying that BlackRock also pushes the LGBT agenda by promoting the so-called Corporate Equality Index, which rates companies’ commitment to “LGBTQ-inclusive policies and practices.” The index is published by the Human Rights Campaign, an organization funded by George Soros’ Open Society Foundation.
Journalist James Corbett paints a bleak picture of the future that BlackRock envisions:
The future of the world according to BlackRock is now coming fully into view. It is a world in which unaccountable computer learning algorithms automatically direct investments of the world’s largest institutions into the coffers of those who play ball with the demands of Fink and his fellow travellers. It is a world in which transactions will be increasingly digital, with every transaction being data mined for the financial benefit of the algorithmic overlords at BlackRock. And it is a world in which corporations that refuse to go along with the agenda will be ESG de-ranked into oblivion and individuals who present resistance will have their CBDC wallets shut off.

Hope for a better future

BlackRock may seem like an unstoppable force by now, but until recently the majority of the public had no idea who BlackRock even was or what they are doing. This is changing before our eyes.
The pushback against BlackRock and its agenda has been growing in recent years, with protests taking place at their New York and Paris offices.
Moreover, the nonprofit organization Consumers’ Research launched a campaign against BlackRock last year, criticizing the firm for its China connections.
“You’d think a company that has made it their mission to enforce ESG (environmental, social and governance) standards on American businesses would apply those same standards to foreign investments, but BlackRock isn’t pushing its woke agenda on China or Russia,” the executive director of Consumers’ Research said. “America’s consumers know a liar when they see one, and Consumers’ Research isn’t going to let them get away with it.”
The resistance from states governed by Republicans has also been growing. Florida Gov. Ron DeSantis recently pulled $2 billion from BlackRock’s treasury fund. Louisiana and South Carolina have announced that they will withdraw state funds from BlackRock as well, and Arkansas has already taken $125 million out of accounts managed by BlackRock. DeSantis is also leading a coalition of 19 governors to oppose the woke corporate ESG agenda.
At the latest Conservative Political Action Conference (CPAC), a panel discussion was held titled “The New Axis of Evil: Soros, Schwab, and Fink,” which focused on the ability of wealthy elites, including BlackRock, to force far-left policies upon the United States and around the world.
By spreading information about BlackRock’s nefarious plans and actions, public opinion can change and Fink’s corporate behemoth will be put under pressure. The economic collapse that is likely to occur in the near future will have people looking for those responsible for the crisis – and BlackRock is certainly among the perpetrators. It remains to be seen whether or not BlackRock is going to be able to retain its power and influence now that it will be in the spotlight and public opinion is turning on them.
 

Corporations Are Gaming the Visa System and Cheating American Workers​

May 4, 2023

Link: https://dnyuz.com/2023/05/04/corporations-are-gaming-the-visa-system-and-cheating-american-workers/

Corporations Are Gaming the Visa System and Cheating American Workers



The U.S. Citizenship and Immigration Services (USCIS) has issued a statement citing massive fraud in its new electronic registration system for the H-1B visa. Each year, thousands of foreign workers register to participate in a lottery for one of the 85,000 H-1B visa slots available. This year, the system was flooded with 781,000 registrations—more than double the number filed in 2022.
Why the two-fold increase? In a word, fraud. USCIS posits that companies, which submit the applications on behalf of foreign workers, have been colluding to gain an unfair advantage by submitting multiple registrations on behalf of the same applicant to increase the chances of being approved. The Biden administration has accused dozens of small tech companies of doubling up their requests, though it declined to name them.

That year, 408,891 duplicative requests were received from 96,000 individuals, suggesting each of the applicants potentially sought out at least four companies to file an H-1B registration on their behalf. While that’s not illegal, USCIS noticed a pernicious pattern of petitions being filed by dubious companies in an attempt to game the lottery system.
The fraud is the result of how low the barriers to entry have become since 2019, when the entire process was made less rigorous. But gaming the system to improve one’s odds dates back to the early nineties, when “outsourcing” companies relied on importing cheap labor from India, “leasing” those workers to Fortune 500 companies and then profiting on the wage arbitrage. The intent then was to barrage the system with H-1B petitions in the hopes of increasing the number of workers that could be grabbed from the lottery. The New York Times wrote about the phenomenon as far back as 2015.
Like any lottery, a player can increase their chances of winning by buying more tickets. In the case of today’s H-1B visa lottery, the outsourcing companies are again flooding the immigration system with a massive number of petitions, but what’s different and what makes it a scam is many of the petitions being filed are for jobs that don’t exist.
These companies are stockpiling workers in the hopes they’ll find “clients” to lease the H-1B holders to in the future. If they fail, the workers will be “benched,” meaning they’ll wait around until they find work.
By law, an H-1B worker is supposed to be continuously employed and paid. And while there are countless cases of federal agencies prosecuting outsourcing companies for violating the law, most companies still try to get away with it, because preying on foreign workers desperate to enter the U.S. is a lucrative business.
Although it’s illegal to pay to stay, many foreign workers will pay outsourcing companies handsomely in exchange for a visa sponsorship; if not through outright bribes, they’ll offer a percentage of their salary.
Since launching the new H-1B lottery system, the USCIS has increased the potential for outsourcing companies and foreign workers alike to game it. The ease of the system, which involves completing a simple online registration form and paying the low upfront cost of $10, has essentially invited greater levels of fraud.
While the system was being implemented, the USCIS was warned of the suspected abuse, but fears were assuaged by the promise of new reforms to come, such as raising the prevailing wage levels, making changes to specialty occupations, prioritizing selection based on highest wages, and closing the outsourcing loophole.
Unfortunately, those reforms fizzled. Some were challenged in court by immigration lawyers, who ironically now decry the very fraud that would have been eradicated. Others have been quietly abandoned by the Biden administration, which has shown no desire to pursue them further, even though candidate Biden campaigned on reforming the H-1B visa program wage requirements.
USCIS says they intend to prosecute the bad actors for abusing the system, but given the administration’s current stance on immigration reform, things don’t look very promising. Since Biden has been in office, denial rates for H-1B visas have gone down significantly, including those for outsourcing companies.

One proposed rule change by USCIS is to raise the registration fee from $10 to $215, which would significantly deter multiple applications. While that may sound significant, it grossly underestimates the amount some foreign workers will pay to improve their chances of winning the H-1B visa lottery. It would be even better to raise the fee to at least $500, but truth be told, if the Biden administration is serious about reforming the H-1B visa program, it needs to enact changes that would prioritize H-1B candidates based on the willingness of employers to pay the highest wages, versus the current random lottery system that doesn’t take attributes such as merit into account.
The contingent beneficiaries of the current system—tech companies and consulting firms—are quick to advocate for more H-1B visas or eliminating the quota altogether. However, for working Americans, the only thing keeping their jobs from being outsourced and eventually offshored, are the quotas.
If the administration truly cares about working families as President Biden claims to, these rules should be enforced—and strengthened.
The H-1B visa program is predicated on facilitating the displacement of American professionals with cheaper foreign workers. The fraud that was exposed last week simply provides more gris for the mill and demonstrates the eagerness of companies to prioritize the hiring of foreigners to outsource and eventually offshore U.S. jobs.
It’s time to reverse course and stop cheating American workers out of good jobs.
 

Great Reset Architect Yuval Harari Arrives Through The Backdoor at Bilderberg as Uninvited Guest​

by Adan Salazar
May 19th 2023, 1:22 pm

Link: https://www.infowars.com/posts/grea...ari-arrives-at-bilderberg-as-uninvited-guest/

Harari photographed arriving at airport in Lisbon, Portugal, Thursday as ultra-secretive globalist conference kicked off.

Transhumanist author and philosopher is one of the World Economic Forum’s top advisors and a close friend of the group’s founder Klaus Schwab.

World Economic Forum advisor Yuval Noah Harari arrived in Lisbon, Portugal, Friday, presumably to attend the 69th annual Bilderberg Group meeting, despite not formally being listed as an expected attendee.

Harari was photographed arriving at the Humberto Delgado Airport in Lisbon Thursday evening as the ultra-secretive globalist conference kicked off.


O Yuval Harari não foi convidado, mas também veio a Lisboa. pic.twitter.com/HmzCCqTQbN
— Frederico Duarte Carvalho (@fredericodc27) May 18, 2023

“Yuval Harari was not invited, but he also came to Lisbon,” commented independent journalist Frederico Duarte Carvalho, who’s been staking out the airport for notable arrivals.

An official list of roughly 130 participants released by the group on its website does not show Harari’s name.

Considering Harari’s role as a leading author and philosopher in the transhumanist movement, his background questioning humanity’s role in a future dominated by artificial intelligence and other advanced technologies could make him a valuable contributor to Bilderberg discussions surrounding AI, a topic listed on their agenda this year.

The 4-day globalist confab held yearly behind closed doors began Thursday where various political, finance, media and military leaders are discussing everything from transnational threats and China, to the banking system and the war in Ukraine.

While it’s claimed policies are not discussed at the conference, the meetings have in the past preceded major events like a delay in the launch of the Iraq war, the inception of the Euro currency, and the 2008 global financial crisis.
 
This is how things work in Jew S A, globalist-satanists dictating, working through US Federal Reserve legalized counterfeiting mechanism, then goes to banks, then to big hedge funds like BlackRock and other giant corps., like Big Pharma, which just now got finished mass-murdering millions w. the poison vaxx

 

15 Reasons Why Mass Media Employees Act Like Propagandists​

TOPICS: Caitlin Johnstone CorruptionForeign PolicyPropaganda
JUNE 6, 2023

Link: https://www.activistpost.com/2023/06/15-reasons-why-mass-media-employees-act-like-propagandists.html



By Caitlin Johnstone

If you watch Western news media with a critical eye you eventually notice how their reporting consistently aligns with the interests of the US-centralized empire, in almost the same way you’d expect them to if they were government-run propaganda outlets.
The New York Times has reliably supported every war the US has waged. Western mass media focus overwhelmingly on foreign protests against governments the United States dislikes while paying far less attention to widespread protests against US-aligned governments. The only time Trump was universally showered with praise by the mass media was when he bombed Syria, while the only time Biden has been universally slammed by the mass media was when he withdrew from Afghanistan. US media did such a good job deceitfully marrying Saddam Hussein to the September 11 attacks in the minds of the public in the lead-up to the invasion of Iraq that seven in ten Americans still believed he was connected to 9/11 months after the war began.
That this extreme bias occurs is self-evident and indisputable to anyone who pays attention, but why and how it happens is harder to see. The uniformity is so complete and so consistent that when people first begin noticing these patterns it’s common for them to assume the media must be controlled by a small, centralized authority much like the state media of more openly authoritarian governments. But if you actually dig into the reasons why the media act the way they act, that isn’t really what you find.

Instead, what you find is a much larger, much less centralized network of factors which tips the scales of media coverage to the advantage of the US empire and the forces which benefit from it. Some of it is indeed conspiratorial in nature and happens in secret, but most of it is essentially out in the open.
Here are 15 of those factors.

1. Media ownership.​

0*DjvKQcUyXTDOJGkm.png

The most obvious point of influence in the mass media is the fact that such outlets tend to be owned and controlled by plutocrats whose wealth and power are built upon the status quo they benefit from. Jeff Bezos owns the Washington Post, which he bought in 2013 from the also-immensely-wealthy Graham family. The New York Times has been run by the same family for over a century. Rupert Murdoch owns a vast international media empire whose success is largely owed to the US government agencies with whom he is closely intertwined. Owning media has in and of itself historically been an investment that can generate immense wealth — “like having a license to print your own money” as Canadian television magnate Roy Thomson once put it.

Activist Post is Google-Free​

Support us for just $1 per month at Patreon or SubscribeStar

Does this mean that wealthy media owners are standing over their employees and telling them what to report from day to day? No. But it does mean they control who will run their outlet, which means they control who will be doing the hiring of its executives and editors, who control the hiring of everyone else at the outlet. Rupert Murdoch never stood in the newsroom announcing the talking points and war propaganda for the day, but you’ve got a snowball’s chance in hell of securing a job with the Murdoch press if you’re a flag-burning anti-imperialist.
Which takes us to another related point:

2. “If you believed something different, you wouldn’t be sitting where you’re sitting.”​


In a contentious 1996 discussion between Noam Chomsky and British journalist Andrew Marr, Chomsky derided the false image that mainstream journalists have of themselves as “a crusading profession” who are “adversarial” and “stand up against power,” saying it’s almost impossible for a good journalist to do so in any meaningful way in the mass media of the Western world.
“How can you know that I’m self-censoring?” Marr objected. “How can you know that journalists are-”
“I’m not saying you’re self-censoring,” Chomsky replied. “I’m sure you believe everything you’re saying. But what I’m saying is that if you believed something different, you wouldn’t be sitting where you’re sitting.”
In a 1997 essay, Chomsky added that “the point is that they wouldn’t be there unless they had already demonstrated that nobody has to tell them what to write because they are going to say the right thing anyway.”

3. Journalists learn pro-establishment groupthink without being told.​

This “you wouldn’t be sitting where you’re sitting” effect isn’t just some personal working theory of Chomsky’s; journalists who’ve spent time in the mass media have publicly acknowledged that this is the case in recent years, saying that they learned very quickly what kinds of output will help and hinder their movement up the career ladder without needing to be explicitly told.
During his second presidential primary run in 2019, Senator Bernie Sanders enraged the mass media with some comments he made accusing the Washington Post of biased reporting against him. Sanders’ claim was entirely correct; during the hottest and most tightly contested point in the 2016 presidential primary, Fairness and Accuracy In Reporting noted that WaPo had published no fewer than sixteen smear pieces about Sanders in the span of sixteen hours. Sanders pointing out this blatantly obvious fact sparked an emotional controversy about bias in the media which yielded a few quality testimonials from people in the know.

Among these were former MSNBC reporter Krystal Ball and former Daily Caller White House correspondent Saagar Enjeti, who explained the subtle pressures to adhere to a groupthink orthodoxy that they’d experienced in a segment with The Hill’s online show Rising.
“There are certain pressures to stay in good with the establishment to maintain the access that is the life blood of political journalism,” Ball said in the segment. “So what do I mean? Let me give an example from my own career since everything I’m saying here really frankly applies to me too. Back in early 2015 at MSNBC I did a monologue that some of you may have seen pretty much begging Hillary Clinton not to run. I said her elite ties were out of step with the party and the country, that if she ran she would likely be the nominee and would then go on to lose. No one censored me, I was allowed to say it, but afterwards the Clinton people called and complained to the MSNBC top brass and threatened not to provide any access during the upcoming campaign. I was told that I could still say what I wanted, but I would have to get any Clinton-related commentary cleared with the president of the network. Now being a human interested in maintaining my job, I’m certain I did less critical Clinton commentary after that than I maybe otherwise would have.”
“This is something that a lot of people don’t understand,” said Enjeti. “It’s not necessarily that somebody tells you how to do your coverage, it’s that if you were to do your coverage that way, you would not be hired at that institution. So it’s like if you do not already fit within this framework, then the system is designed to not give you a voice. And if you necessarily did do that, all of the incentive structures around your pay, around your promotion, around your colleagues that are slapping you on the back, that would all disappear. So it’s a system of reinforcement, which makes it so that you wouldn’t go down that path in the first place.”
“Right, and again, it’s not necessarily intentional,” Ball added. “It’s that those are the people that you’re surrounded with, so there becomes a groupthink. And look, you are aware of what you’re going to be rewarded for and what you’re going to be punished for, or not rewarded for, like that definitely plays in the mind, whether you want it to or not, that’s a reality.”
During the same controversy, former MSNBC producer Jeff Cohen published an article in Salon titled “Memo to mainstream journalists: Can the phony outrage; Bernie is right about bias” in which he described the same “groupthink” experience:
“It happens because of groupthink. It happens because top editors and producers know — without being told — which issues and sources are off limits. No orders need be given, for example, for rank-and-file journalists to understand that the business of the corporate boss or top advertisers is off-limits, short of criminal indictments.
“No memo is needed to achieve the narrowness of perspective — selecting all the usual experts from all the usual think tanks to say all the usual things. Think Tom Friedman. Or Barry McCaffrey. Or Neera Tanden. Or any of the elite club members who’ve been proven to be absurdly wrong time and again about national or global affairs.”
Matt Taibbi also jumped into the controversy to highlight the media groupthink effect, publishing an article with Rolling Stone about the way journalists come to understand what will and will not elevate their mass-media careers:
“Reporters watch as good investigative journalism about serious structural problems dies on the vine, while mountains of column space are devoted to trivialities like Trump tweets and/or simplistic partisan storylines. Nobody needs to pressure anyone. We all know what takes will and will not earn attaboys in newsrooms.
And it is probably worth noting here that Taibbi is no longer with Rolling Stone.

4. Mass media employees who don’t comply with the groupthink get worn down and pressured out.​


Journalists either learn how to do the kind of reporting that will advance their careers in the mass media, or they don’t learn and they either remain marginalized and unheard of or they get worn down and quit. NBC reporter William Arkin resigned from the network in 2019, criticizing NBC in an open letter for being consistently “in favor of policies that just spell more conflict and more war,” and complaining that the network had begun “emulating the national security state itself.”
Arkin said he often found himself a “lone voice” in scrutinizing various aspects of the US war machine, saying he “argued endlessly with MSNBC about all things national security for years.”
“We have contributed to turning the world national security into this sort of political story,” Arkin wrote. “I find it disheartening that we do not report the failures of the generals and national security leaders. I find it shocking that we essentially condone continued American bumbling in the Middle East and now Africa through our ho-hum reporting.”
Notes From The Edge Of The Narrative Matrix
by Caitlin Johnstone
Sometimes the pressure is much less subtle. Pulitzer-winning journalist Chris Hedges left The New York Times after being issued a formal written reprimand by the paper for criticizing the Iraq invasion in a speech at Rockford College, realizing that he would either have to stop speaking publicly about what he believed or he’d be fired.
“Either I muzzled myself to pay fealty to my career… or I spoke out and realized that my relationship with my employer was terminal,” Hedges said in 2013. “And so at that point I left before they got rid of me. But I knew that, you know, I wasn’t going to be able to stay.”

5. Mass media employees who step too far out of line get fired.​


This measure doesn’t need to be applied often but happens enough for people with careers in media to get the message, like when Phil Donahue was fired from MSNBC for his opposition to the Bush administration’s warmongering in the lead-up to the Iraq invasion despite having the best ratings of any show on the network, or in 2018 when Temple University professor Marc Lamont Hill was fired from CNN for supporting freedom for Palestinians during a speech at the United Nations.

6. Mass media employees who toe the imperial line see their careers advance.​


In his 2008 book War Journal: My Five Years in Iraq, NBC’s Richard Engel wrote that he did everything he could to get into Iraq because he knew it would provide a massive boost to his career, calling his presence there during the war his “big break”.
“In the run-up to the war, it was clear that Iraq was a land where careers were going to be made,” Engels wrote. “I sneaked into Iraq before the war because I thought the conflict would be the turning point in the Middle East, where I had already been living for seven years. As a young freelancer, I believed some reporters would die covering the Iraq war, and that others would make a name for themselves.”
This gives a lot of insight into the way ambitious journalists think about climbing the career ladder in their field, and also into one reason why those types are so gung-ho about war all the time. If you know a war can advance your career, you’re going to hope it happens and do everything you can to facilitate it. The whole system is set up to elevate the absolute worst sort of people.
Engels is now NBC’s chief foreign correspondent, by the way.

7. With public and state-funded media, the influence is more overt.​


So we’ve been talking about the pressures that are brought to bear on mass media employees in the plutocrat-run media, but what about mass media that aren’t owned by plutocrats, like NPR and the BBC?
Well, propaganda thrives in those institutions for more obvious reasons: their proximity to government powers. Right up into the 1990s the BBC was just letting MI5 outright vet its employees for “subversive” political activity, and only officially changed that policy when they got caught. NPR’s CEO John Lansing came directly out of the US government’s official propaganda services, having previously served as the CEO of the US Agency for Global Media — and he was not the first NPR executive with an extensive background in the US state propaganda apparatus.

With US government-owned outlets like Voice of America the control is even more overt than that. In a 2017 article with Columbia Journalism Review titled “Spare the indignation: Voice of America has never been independent,” VOA veteran Dan Robinson says such outlets are entirely different from normal news companies and are expected to facilitate US information interests to receive government funding:
I spent about 35 years with Voice of America, serving in positions ranging from chief White House correspondent to overseas bureau chief and head of a key language division, and I can tell you that for a long time, two things have been true. First, US government-funded media have been seriously mismanaged, a reality that made them ripe for bipartisan reform efforts in Congress, climaxing late in 2016 when President Obama signed the 2017 National Defense Authorization Act. Second, there is widespread agreement in Congress and elsewhere that, in exchange for continued funding, these government broadcasters must do more, as part of the national security apparatus, to assist efforts to combat Russian, ISIS, and al-Qaeda disinformation.

8. Access journalism.​


Krystal Ball touched on this one in her anecdote about MSNBC’s influential call from the Clinton camp above. Access journalism refers to the way media outlets and reporters can lose access to politicians, government officials and other powerful figures if those figures don’t perceive them as sufficiently sympathetic. If someone in power decides they don’t like a given reporter they can simply decide to give their interviews to someone else who’s sufficiently sycophantic, or call on someone else at the press conference, or have conversations on and off the record with someone who kisses up to them a bit more.
Depriving challenging interlocutors of access funnels all the prized news media material to the most obsequious brown-nosers in the press, because if you’ve got too much dignity to pitch softball questions and not follow up on ridiculous politician-speak word salad non-answers there’s always someone else who will. This creates a dynamic where power-serving bootlickers are elevated to the top of the mainstream media, while actual journalists who try to hold power to account go unrewarded.

9. Getting fed “scoops” by government agencies looking to advance their information interests.​


In Totalitarian Dictatorships, the government spy agency tells the news media what stories to run, and the news media unquestioningly publish it. In Free Democracies, the government spy agency says “Hoo buddy, have I got a scoop for you!” and the news media unquestioningly publish it.
One of the easiest ways to break a major story on national security or foreign policy these days is to get entrusted with a “scoop” by one or more government officials — on condition of anonymity of course — which just so happens to make the government look good and/or make its enemies look bad and/or manufacture consent for this or that agenda. This of course amounts to simply publishing press releases for the White House, the Pentagon or the US intelligence cartel, since you’re just uncritically repeating some unverified thing that an official handed you and disguising it as news reporting. But it’s a practice that’s becoming more and more common in Western “journalism” as the need to distribute propaganda about Washington’s cold war enemies in Moscow and Beijing increases.
Some notorious recent examples of this are The New York Times’ completely discredited report that Russia was paying Taliban-linked fighters to kill US and allied forces in Afghanistan, and The Guardian’s completely discredited report that Paul Manafort paid visits to Julian Assange at the Ecuadorian embassy. Both were simply falsehoods that the mass media were fed by intelligence operatives who were trying to seed a narrative in the public consciousness, which they then repeated as fact without ever disclosing the names of those who fed them the false story. Another related example is US officials admitting to NBC last year — again under cover of anonymity — that the Biden administration had simply been feeding lies about Russia to the media in order to win an “information war” against Putin.
This dynamic is similar to the one in access journalism in that outlets and reporters who’ve proven themselves sympathetic and uncritical parrots of the government narratives they are fed are the ones most likely to be fed them, and therefore the ones to get the “scoop”. We caught a whiff of what this looks like from the inside when acting CIA director under the Obama administration Mike Morell testified that he and his intelligence cartel cohorts had initially planned to seed their disinfo op about the Hunter Biden laptop to a particular unnamed reporter at The Washington Post, whom they presumably had a good working relationship with.
Another twist on the intelligence cartel “scoop” dynamic is the way government officials will feed information to a reporter from one outlet, and then reporters from another outlet will contact those very same officials and ask them if the information is true, and then all outlets involved will have a public parade on Twitter proclaiming that the report has been “confirmed”. Nothing about the story was verified as true in any way; it was just the same story being told by the same source to different people.

10. Class interests.​


The more a mass media employee goes along with the imperial groupthink, follows the unwritten rules and remains unthreatening to the powerful, the higher up the media career ladder they will climb. The higher up the career ladder they climb, the more money they will often find themselves making. Once they find themselves in a position to influence a very large number of people, they are a part of a wealthy class which has a vested interest in maintaining the political status quo which lets them keep their fortune.
This can take the form of opposing anything resembling socialism or political movements that might make the rich pay more taxes, as we saw in the virulent smear campaigns against progressive figures like Bernie Sanders and Jeremy Corbyn. It can also take the form of encouraging the public to fight a culture war so that they won’t start fighting a class war. It can also take the form of making one more supportive of the empire more generally, because that’s the status quo your fortune is built on. It can also take the form of making one more sympathetic to politicians, government officials, plutocrats and celebrities as a whole, because that class is who your friends are now; that’s who you’re hanging out with, going to the parties and the weddings of, drinking with, laughing with, schmoozing with.

Class interests dance with the behavior of journalists in multiple ways because, as both Glenn Greenwald and Matt Taibbi have noted, journalists in the mass media are increasingly coming not from working-class backgrounds but from wealthy families, and have degrees from expensive elite universities.
The number of journalists with college degrees skyrocketed from 58 percent in 1971 to 92 percent in 2013. If your wealthy parents aren’t paying that off for you then you’ve got crushing student debt that you need to pay off yourself, which you can only do in the field you studied in by making a decent amount of money, which you can only do by acting as a propagandist for the imperial establishment in the ways we’ve been discussing.
Universities themselves tend to play a status quo-serving, conformity-manufacturing role when churning out journalists, as wealth won’t flow into an academic environment that is offensive to the wealthy. Moneyed interests are unlikely to make large donations to universities which teach their students that moneyed interests are a plague upon the nation, and they are certainly not going to send their kids there.

11. Think tanks.​


The Quincy Institute has a new study out which found that a staggering 85 percent of the think tanks cited by the news media in their reporting on US military support for Ukraine have been paid by literal Pentagon contractors.
“Think tanks in the United States are a go–to resource for media outlets seeking expert opinions on pressing public policy issues,” writes Quincy Institute’s Ben Freeman. “But think tanks often have entrenched stances; a growing body of research has shown that their funders can influence their analysis and commentary. This influence can include censorship — both self-censorship and more direct censoring of work unfavorable to a funder — and outright pay–for–research agreements with funders. The result is an environment where the interests of the most generous funders can dominate think tank policy debates.”
This is journalistic malpractice. It is never, ever in accord with journalistic ethics to cite war profiteer-funded think tanks on matters of war, militarism or foreign relations, but the Western press do it constantly, without even disclosing this immense conflict of interest to their audience.
Western journalists cite empire-funded think tanks because they generally align with the empire-approved lines that a mass media stenographer knows they can advance their career by pushing, and they do it because doing so gives them an official-looking “expert” “source” to cite while proclaiming more expensive war machinery needs to be sent to this or that part of the world or what have you. But in reality there’s only one story to be found in such citations: “War Industry Supports More War.”
The fact that war profiteers are allowed to actively influence media, politics and government bodies through think tanks, advertising and corporate lobbying is one of the most insane things happening in our society today. And not only is it allowed, it’s seldom even questioned.

12. The Council on Foreign Relations.​


It should probably also be noted here that the Council on Foreign Relations is a profoundly influential think tank which counts a jarring number of media executives and influential journalists among its membership, a dynamic which gives think tanks another layer of influence in the media.
In 1993 former Washington Post senior editor and ombudsman Richard Harwood approvingly described CFR as “the nearest thing we have to a ruling establishment in the United States.”



Harwood writes:
The membership of these journalists in the council, however they may think of themselves, is an acknowledgment of their active and important role in public affairs and of their ascension into the American ruling class. They do not merely analyze and interpret foreign policy for the United States; they help make it. Their influence, Jon Vanden Heuvel speculates in an article in the Media Studies Journal, is likely to increase now that the Cold War has ended: “By focusing on particular crises around the world {the media are in a better position} to pressure government to act.”

13. Advertising.​


In 2021 Politico was caught publishing fawning apologia for top weapons manufacturer Lockheed Martin at the same time Lockheed was sponsoring a Politico newsletter on foreign policy. Responsible Statecraft’s Eli Clifton wrote at the time:
There’s a very blurry line between Politico’s financial relationship with the largest weapons firm in the United States, Lockheed Martin, and its editorial output. And that line may have just become even more opaque.
Last week, Responsible Statecraft’s Ethan Paul
reported that Politico was scrubbing its archives of any reference to Lockheed Martin’s longtime sponsorship of the publication’s popular newsletter, Morning Defense. While evidence of Lockheed’s financial relationship with Politico was erased, the popular beltway outlet just published a remarkable puff piece about the company, with no acknowledgement of the longstanding financial relationship with Politico.
Politico didn’t respond to questions about whether Lockheed was an ongoing sponsor of the publication after last month when it scrubbed the defense giant’s ads or whether the weapons firm paid for what read largely-like an advertorial.
Politico’s Lee Hudson visited Lockheed’s highly secure, and mostly classified, Skunk Works research and development facility north of Los Angeles and glowingly wrote, “For defense tech journalists and aviation nerds, this is the equivalent of a Golden Ticket to Willy Wonka’s factory, but think supersonic drones instead of Everlasting Gobstoppers.”
Ever wondered why you’ll see things like ads for Northrop Grumman during the Super Bowl? Do you think anyone’s watching that ad saying “You know what? I’m gonna buy myself a stealth bomber”? Of course not. The defense industry advertises in media all the time, and while it might not always get caught red-handed in blatant manipulation of news publications like Lockheed did with Politico, it’s hard to imagine that their money wouldn’t have a chilling effect on foreign policy reporting, and perhaps even give them some pull on editorial matters.
Like Jeff Cohen said above: the top advertisers are off limits.

14. Covert infiltration.​


Just because a lot of the mass media’s propagandistic behavior can be explained without secret conspiracies doesn’t mean secret conspiracies aren’t happening. In 1977 Carl Bernstein published an article titled “The CIA and the Media” reporting that the CIA had covertly infiltrated America’s most influential news outlets and had over 400 reporters who it considered assets in a program known as Operation Mockingbird.
We are told that this sort of covert infiltration doesn’t happen anymore today, but that’s absurd. Of course it does. People believe the CIA no longer engages in nefarious behavior because they find it comfortable to believe that, not because there is any evidentiary basis for that belief.
There were no conditions which gave rise to Operation Mockingbird in the 1970s which aren’t also with us today. Cold war? That’s happening today. Hot war? That’s happening today. Dissident groups? Happening today. A mad scramble to secure US domination and capital on the world stage? Happening today. The CIA wasn’t dismantled and nobody went to prison. All that’s changed is that news media now have more things for government operatives to toy with, like online media and social media.
And indeed we have seen evidence that it happens today. Back in 2014 Ken Dilanian, now a prominent reporter for NBC, was caught intimately collaborating with the CIA in his reporting and sending them articles for approval and changes before publication. In his emails with CIA press handlers Dilanian is seen acting like a propagandist for the agency, talking about how he intended an article about CIA drone strikes to be “reassuring to the public” and editing his reporting in accordance with their wishes.
Other potential CIA assets include CNN’s Anderson Cooper, who interned with the agency, and Tucker Carlson, whose past features a highly suspicious amount of overlap with the CIA.

15. Overt infiltration.​


Lastly, sometimes the mass media act like state propagandists because they are actual state propagandists. Back in Carl Bernstein’s day the CIA had to secretly infiltrate the mass media; nowadays the mass media openly hire intelligence insiders to work among their ranks. Mass media outlets now openly employ intelligence agency veterans like John Brennan, James Clapper, Chuck Rosenberg, Michael Hayden, Frank Figliuzzi, Fran Townsend, Stephen Hall, Samantha Vinograd, Andrew McCabe, Josh Campbell, Asha Rangappa, Phil Mudd, James Gagliano, Jeremy Bash, Susan Hennessey, Ned Price and Rick Francona.
The mass media also commonly bring in “experts” to provide opinions on war and weapons who are direct employees of the military-industrial complex, without ever explaining that massive conflict of interest to their audience. Last year Lever News published a report on the way the media had been bringing on US empire managers who are currently working for war profiteer companies as part of their life in the DC swamp’s revolving door between the public and private sector and presenting them as impartial pundits on the war in Ukraine.

So as you can see, the news media are subject to pressures from every conceivable angle on every relevant level which push them toward functioning not as reporters, but as propagandists. This is why the employees of the Western mass media act like PR agents for the Western empire and its component parts: because that’s exactly what they are.
 
Last edited:
Back
Top