Ukraine can become a beacon for the world. I don't mean philanthropy, there will be many. I sincerely say that if Ukraine is to be rebuilt, then it can become the beacon of the power of capitalism.” He adds to the statement the following precision: “Those who truly believe in the capitalist system cause a flood of capital in Ukraine.” Larry Fink owns the Blackrock investment fund. Known as the “King of Wall Street”, it is one of the most influential financiers that has a wealth of $1.5 billion. Blackrock signed an agreement with the Government of Ukraine that the council to draw the reconstruction of the people, not the mandates to burn, would end the war. “The agreement aims for public and private investors to assume the reconstruction of Ukraine and the economic revival,” said Blackrock’s representative. But the document of the Ministry of Economy of Ukraine reads: “Reconstruction will be made mainly from private capital.” But how have we come to the ability of a private company based in New York to draw the future of an entire state?

At the age of 29, he was director of First Boston Bank, but with his dangerous relatives on the stock market, a $100 million hole was created to create Blackrock with other friends in 1988. This company entered the stock market in 1999, with a stock of $14, compared to the current $645. How things are, his most fruitful development achieved it in the 2008 crisis: he sold his recommendations to the actors of the financial world and multiplied his achievements by that income. Alta, irony of chance, Fink was one of the inventors of the ancestors of subprime mortgage loans at the base of this crisis.

Despite being unknown, it's better known than we think, and even though we're in a distant financial market, we've got it closer than we think. Why? On the one hand, because your bank may have channelled the money deposited in the bank to Blackrock and, on the other, because it owns thousands of companies that we have incorporated into our daily lives. In other words, both in the Basque Country and in Ukraine we have Blackrock. It manages ten trillion dollars in assets, representing the sum of the Gross Domestic Products of France, Germany and the United Kingdom, serving thousands of individuals, professionals, banks, insurance or pension fund assets. Managing means investing the funds of these thousands of customers in different financial instruments. 57% of
clients are institutions, 33% are other investment funds and 10% are private agents. 61% of customers come from the US, 31% from Europe and 8% from Asia. The profits obtained are invested in other companies and
are currently included in the capital of the largest: one in five US companies and also in the largest in the world (Pfizer, Santander, Alibaba, Total Energie, Apple, Exxon Mobil, Chevron, Iberdrola, IVA, Walmart, Adidas, Deutsk and others). So much so that you have the opportunity to vote on the decisions of 14,000 companies in the world. The appropriation of actions supposes a “power of transformation”, as we can read on Blackrock’s website, and although they talk about “shareholder democracy”, like that, it could bring the capacity of the shareholder dictatorship… “Blackrock’s power is an obstacle, there is
no government in the world that can do what you don’t see.

If Larry Fink or his team thought that a country's policy is not in favour of its investments, then they would sell their shares in the companies of that country. BlackRock is so strong that the stock market penalty would be felt quickly. The problem is the size,” says journalist Sophie Fay. Blackrock, author of the book Eine heimliche Weltmacht greift nach unserem Geld (“Blackrock: a hidden force is earning your money”), Heike Buchter: “A single erroneous step from Blackrock can unbalance the financial world to its bases.”

Enthusiastic adviser to privatization

Larry Fink also works on information and advice from banks, multinationals and governments. As we have known, it therefore has the last fat treatment with Ukraine.

At the end of 2008 Troika, the European Union, the European Central Bank and the International Monetary Fund had to ask Blackrock the council of the central banks and governments of Ireland and Greece. In 2020, the European Commission signed an agreement to draw up guidelines on the transition… and such interventions all over the world.

Blackrock does not want a public service because everything that is exchanged can be a source of revenue and is recommending an organisation that brings together austerity, privatisation and ultra-liberalism. What can the equivalent turn its back on the advice? Yes, it's obvious, but looking at the consultant's power, maybe it's not that simple? Even more so when you are in a severe political or economic crisis. The anti-capitalist say that it is “the Trojan horse of capitalism.” Basically like a troika.

Blackrock is news in Iparralde. In fact, we are known, because he himself was advising the government of Emmanuel Macron in 2019 on reform of the retas. He advised him to capitalize. Blackrock is not a pension fund in itself, but it is managing the money of a large number of pension funds, that is, capitalisation is in your interests. Two thirds of the capital held by it is pension funds! “The relationship between this American fund and the French retratist system does not appear immediately. However, this reform will bring new customers: in particular, if the number of years to be quoted is increased, then the toilet corresponding to the current price range is typified. This will give the upper classes the desire to place themselves in the private investment funds, as Blackrock knows,” can be read Mrmondialisation.org in the article Lumière sur BlackRock, ces financiers qui possèdent le monde (“Al blackrock claro, those financial owners of the world”).
artificial intelligence in our hands

There's no control over blackrock, and that makes the monopoly even more dangerous. In the article of Blackrock ou les risques insensés de la finance spéculative (“Blackrock or unthinkable risks of speculative financing”), published by Mediaparte, it can be read that “this financial ghost without any control of authorities is very dangerous”. As if the lack of control was not enough, it is even more terrible to know that artificial intelligence allows you to analyze and manage data. Aladdin (Asset, Liability,
Debt and Derivative Investment Network, i.e., “the network of investments in assets, liabilities, debts and derivatives”), created an artificial intelligence to analyze all charges that pass through computer servers. “With this calculation tool, Blackrock believes he has found a philosophical stone that can turn billions of financial data into billions of dollars,” can be read in the article “Blackrock or unthinkable risks of speculative finance.” In a single second it compares thousands of shares, bonds, currencies or receivables, also integrating figures from the economic context (business sales, oil price, currency value, among others). “It is able to analyse all the risks of the investment, clarify where the bonds should be sold, follow all the transactions and will capture the investor the essential information,” says Le Financial Times.

Aladdin introduces the financial world into a new phase: “Financial analysts have been replaced by computer analysis platforms.” When the threat of a repetition of the 2008 financial market crisis is becoming more and more real, fear comes to the bones, knowing that the financial market goes unchecked and from artificial intelligence.