Tag Archive for: blackrock

The Rise of MAGA Marks the End of Corporate Wokeness

This has been quite an anti-woke week. More and more companies are finding they are losing market share. It looks like the end of wokeness is on the way. How can I say that? Easy. Larry Fink CEO of the criminal enterprise Blackrock just announced that Blackrock will no longer participate in the ESG Green scam. Why did that happen? Money honey. It was always about the money. Fink realized with Trump in office, his firm will have a hard time convincing MAGA to be globalists. They might not invest. He will lose profit,

Mark Zuckerberg is also following suit, He announced that Facebook (Meta) will restore freedom of speech. No more biased fact checkers. I guess he didn’t like Musk ‘s hands in Zuckerberg’s pocket. X was becoming a hit again. Zuckerberg could sit around and let Musk win. The new election is giving him the chance to reimagine META. And so he did.

WATCH: Mark Zuckerberg announces sweeping changes to Facebook and Instagram to move toward Free Speech

I find it so interesting to see all of the woke CEO’s run to Mar-A-Largo. Make no mistake, if a Dem gets in office, they will change their stripes again. I do not trust them but if the result is free speech lets get the truth out.

There are so many thing happening all at once it will be hard to keep track.
so pick you passion and follow that. Find the legislators in your state on that committee and make sure they know who you are and follow your ideas, their campaign promises. Don’t let them forget. Let them know you are watching them. Watch President Trump. He is a great teacher. He believes everything is negotiable. Who knows we might wind up with Greenland, Panama Canal and have a very different relationship with Canada. Don’t be afraid to ask, if you don’t ask, you don’t get. Call your senator. Tell them to advance and vote for every one of Trump’s picks. Trump has ever right to work with the people he chooses. I don’t want to hear about qualifications. Just look at Biden chosen ones. No qualifications there and yet they were voted in. Also no excuses to slow walk anyone. They must do their jobs and get it done quickly.

Just think: East Palestine, The Francis Scott Key Bridge, The summer of Love, Hawaii, Hurricane Helene and the CA fires, the glaring in your face incompetence of this administration is more proof of the failure of progressive policies. Let us pray for the families who suffer but remember these tragedies and prepare for the future. We know what doesn’t work, lets not repeat if. Prepare in your local community, time to deep 6 those progressive policies in your local community. After all we know this government will not help even though Biden is leaving, we still have remnants locally of his failures.

As the green policies fail, Joe continues his scorched earth for America. His hatred is showing. Banning off shore drilling, banning gas furnaces, more money to Ukraine, more to Israel, emptying Gitmo, enticing illegals with free stuff, banning cigarettes, encouraging gangs and drugs, pushing transgenderism on kids, vaccines, inflation, lies about job numbers, Afghanistan and poor education. I could go on and on but we all lived this bad movie and it is days away from the finale. It can’t come soon enough. I do pray for the people in CA. President Trump is right the green policies have destroyed this once beautiful state. As the people rebuild and they will, I hope they have learned that poor leadership following insane policies is a bad mix. Maybe this will be their turning point.

The green scam will become more evident as AI needs electricity to operate. Solar and wind are not ready for prime time. As were are being told fossil fuel and nuclear are bad, watch while the criminals use it themselves. Bill Gate is buying and reactivating 3 mile island. plenty of cheap energy for him, none for us. The area of Alaska, Tx, Mt combined is the size of Joe’s off shore ban on drilling. We were energy independent before Joe and we will be again. But watch those law suits roll in. Energy is power. and cheap energy give the people power. These criminals don’t want us to have power. They want high prices so we will beg for government hand outs.. Petroleum is used in almost everything we do. When gas is high so is everything else. Lets look for Presidents Trump’s executive orders and make sure our legislators support them.

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RELATED ARTICLE: The cost of Facebook’s now-repudiated censorship

RFK Jr. Names The Three Major Corporations He Thinks Control The World And How They’re Screwing Us

Presidential candidate Robert F. Kennedy Jr. doubled-down on claims that three major corporations are destroying America during a Saturday interview on “The Tim Dillon Show.”

RFK Jr. seems to be the only 2024 presidential contender who wants to take on the globalist elites attempting to eradicate the fundamental right to American freedom. And for some reason, no one is taking him seriously.

While chatting with comedian-savant Tim Dillon, RFK Jr. doubled down on his analysis of BlackRock, State Street and Vanguard, whose leadership have made it almost impossible for young Americans to buy homes. As it becomes more difficult to own a property, the quality of career growth and family formation declines nationally.

“Three giant companies, BlackRock, State Street, and Vanguard … who all own each other …” RFK Jr. explained. “They’re the biggest companies in the world. Rich, and they … own, I think they own 88 percent of the S&P 500 … and now they’ve decided they’re going to buy every single family home in America. They’re on track now to control, to own the corporate control of 60 percent of the single family homes in America within six years.”

These three companies operate under some type of shell corporation, RFK Jr. continued, and the purpose of their massive housing buy-up is to advance the Great Reset, and enact the will of the World Economic Forum. “You will own nothing, and you will be happy,” is the WEF’s Great Reset motto, and it’s coming to fruition right under our noses.

I was contacted by the corporate communications team at BlackRock in September, who claimed that “BlackRock is an active investor in the U.S. real estate market, but we are not among the institutional investors buying single-family houses.”

I asked Alexander Williams, BlackRock’s rep, to clarify whether they engaged in home purchases through shell and shadow corporations, and to prove that all claims made by RFK Jr. were false. He stopped responding — so you tell me who is the more trustworthy and believable person in this debate?

For what it’s worth, I can’t vote. And I have yet to find any evidence that any politician, from any party, is actually a good person. But at least RFK Jr. is pointing at the real problems in America, those who are causing them and what we can do to stop things from getting worse.

AUTHOR

KAY SMYTHE

News and commentary writer.

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EDITORS NOTE: This Daily Caller column is republished with permission. ©All rights reserved.

Just 3 Companies Are Leading The Charge In The Marxist Takeover Of America

For nearly nine out of 10 companies listed on the S&P 500 stock exchange, their largest single shareholder is one of the “Big Three” investment firms: BlackRock, Vanguard, and State Street. Managing more money than most small countries, these firms have an invisible foothold in virtually every sector of American society. But how did these paragons of capitalism turn into a Marxist Trojan Horse?

Two trends emerged in the aftermath of the 2008 financial crisis. One was a new type of investment that concentrated capital among a small number of firms. The other was left-wing activism in the style of Occupy Wall Street. Combined, these trends helped empower three firms to push much of the corporate wokeness that is so common today.

The financial meltdown precipitated a transition from active to passive investment. Active investment is what one typically thinks of as investing — making risky stock purchases in an attempt to beat the market in the short-term. Passive investment, on the other hand, requires much less effort. According to Investopedia, it is a long-term strategy where investors try to “replicate market performance by constructing well-diversified portfolios” (e.g. mutual funds) typically based on a “representative benchmark” like the S&P 500 index.  In other words, it bets on the market rather than against it.

Passive investing took off after the financial crisis when investors realized it wasn’t worth trying to beat the market. Why pay a broker a one to two percent fee every year to actively manage your assets, especially when the downturn revealed they often under-performed the regular market returns? Many opted for passive asset management that cost a fraction of a brokerage fee.

One study found that between 2008 and 2015, active funds lost $800 billion while passive funds gained over $1 trillion in new investment. As of 2019, more money is now invested in passive than in active funds.

This empowered the rise of the Big Three firms, which all specialize in passive asset management. Combined, the three firms have a total of $22 trillion in assets under management, much of which comes from large institutional investors like pension funds.

These firms invest in passive index funds on behalf of their clients, but the sheer volume has allowed them to become major shareholders in nearly all public American companies. With this comes out-sized voting power on corporate boards.

At the same time passive investing took off, social leftism was escaping from college campuses into the real world.

Occupy Wall Street represented legitimate outrage against the wild mismanagement of Wall Street finance. However, what started out as an ostensibly class-based protest quickly devolved into dysfunctional identity politics.

As one former Occupy protester reflected, the movement “fell apart largely because of the endless bifurcation of members’ agendas. Whenever a task force of leading members was proposed to discuss some almost-consensus working-class issue like support for an increased minimum wage, the call would immediately come for a women’s task force. Then, what about a Black women’s task force? A Black gay women’s task force? Very often, 37 quarreling proposals about what to do would eventually be made, and nothing would ever get done.”

Occupy provided its own foil for elites to replicate. The best way to neuter a class-based revolution is to divide the middle and working classes into factions, and have them fight among each other rather than unite against the financial and political elites. Identity politics — what’s really just American Marxism — became a sure-fire way to insulate elite power.

Like Marxism, identity politics pits victim against oppressor, except in the American case it is based on racial categories rather than economic class. The Big Three weaponize the framework of Marxism to keep the lower classes occupied without actually having to give up any of their power or wealth. 

Thus, it’s not surprising that the Big Three have used their shareholder power to impose an Environmental Social Governance (ESG) agenda on corporate America that makes companies bend the knee to identity politics. The “E” focuses on climate issues and supposed externalities; the “S” factors in identity concerns like diversity and inclusion; and the “G” requires structuring corporate leadership to reflect the previous two components. If companies want to be included in vaunted ESG funds, they must meet the often arbitrary benchmarks.

Just one of many egregious examples shows how this scheme plays out in practice.

After George Floyd’s death, BlackRock decided it wanted all the companies it invests in to put greater effort into diversity and inclusion. They forced American companies to disclose the “racial, ethnic and gender makeup of their employees.” This was then used as a benchmark to force companies to re-make their boards of directors so that the “board’s composition reflects . . . the diversity of the company’s key stakeholders.” BlackRock pledged to vote against any directors who refused to do so.

At virtually the same time, Vanguard and State Street imposed similar diversity mandates across their portfolios, making it near impossible for companies to avoid. The number of companies now releasing their diversity data tripled in the year after the new requirements were imposed.

This formula has been replicated on numerous left-wing priorities. Additionally, as industry leaders, the Big Three serve as respectable actors for smaller firms to emulate — even those they lack the direct power to coerce.

Elites like BlackRock’s CEO Larry Fink have recently attempted to distance themselves from the ESG name and the “woke” connotation it now carries. However, don’t be fooled — ESG by any other name is just as destructive.

AUTHOR

GAGE KLIPPER

Contributor.

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EDITORS NOTE: This Daily Caller column is republished with permission. ©All rights reserved.