Blackrock Wants Your Money! Their CRAZY Retirement Plan Revealed!!

Summary

In 2019, BlackRock predicted financial responses to the pandemic. This year's letter from CEO Larry Fink highlights retirement challenges, urging investments in capital markets. Fink discusses the global importance of strong capital markets, the rise of ESG (environmental, social, governance) initiatives, and public-private partnerships. BlackRock aims to influence global economies and infrastructure, promoting ESG while navigating potential divestment issues. The summary emphasizes the growing influence of BlackRock and its strategic moves impacting global financial and economic landscapes.

Takeaways

• 📈 BlackRock, the world's largest asset manager, predicted financial responses to the pandemic before it happened and is now signaling its future plans through CEO Larry Fink's annual letter to investors.
• 💡 The letter emphasizes the need to rethink retirement, with many countries raising retirement ages due to insufficient funds for pensions, a consequence of a shrinking population and not enough taxpayers.
• 🏦 Larry Fink shares his personal story about his parents' retirement, advocating for investing in capital markets as the solution for a comfortable retirement, which includes stocks, bonds, and private investments.
• 🌐 Fink discusses his global outreach, having visited 17 countries to speak with policymakers and heads of state about the importance of capital markets for economic growth, indicating BlackRock's influence in international financial policy.
• 🔢 He reveals BlackRock's endgame: promoting investment in capital markets as essential for funding retirements and building ESG (Environmental, Social, and Governance) compliant infrastructure, aligning with the UN's sustainable development goals.
• 💻 Larry Fink admits that younger generations face financial struggles due to policies introduced by the Baby Boomer generation, and positions BlackRock as having the solutions, including policies that automatically enroll workers in capital market investments.
• 🌍 The letter also highlights BlackRock's focus on India, betting on its future population growth and making significant investments in digital infrastructure, which could lead to a scenario where people 'own nothing and be happy'.
• 💡 Fink suggests that demographic problems can be addressed by raising the retirement age, not necessarily by increasing birth rates or immigration, indicating a belief in machines replacing humans in the workforce.
• 🤝 The future of infrastructure, according to Fink, lies in public-private partnerships, with BlackRock positioning itself to work closely with governments to fund infrastructure spending.
• 🛣️ BlackRock is investing in both reliable and unreliable energy sources, but Fink admits that oil and gas will be necessary for years to come, despite the company's focus on ESG-friendly investments.
• 💼 Larry Fink outlines BlackRock's transformation, including its expansion into private markets, the growth of its Aladdin ETF platform, and its commitment to sustainable investing, while also acknowledging the potential for increased client involvement in long-term strategies.

Q & A

What did Black Rock predict about the financial and monetary responses to the pandemic in 2019?

Black Rock predicted the financial and monetary responses to the pandemic before it even occurred, indicating the importance of listening to the world's largest asset manager.

What is the main focus of Larry Fink's annual letter to investors?

Larry Fink's annual letter to investors focuses on Black Rock's investment strategies and priorities, and it also discusses the future of retirement and the role of capital markets in funding it.

Why did Larry Fink create Black Rock?

Larry Fink created Black Rock inspired by his parents' experience of not retiring with much money, aiming to make it possible for people to retire comfortably through investing in capital markets.

Outlines

00:00

🔮 BlackRock's Vision for the Future of Retirement

Larry Fink's annual letter to investors from BlackRock, the world's largest asset manager, outlines a future where retirement norms are redefined. The letter emphasizes the need for individuals to invest in capital markets to ensure a comfortable retirement, given the increasing insufficiency of government pensions. It also subtly hints at BlackRock's involvement in shaping these financial landscapes, including the potential influence on housing affordability through investment strategies.

05:01

🌐 Larry Fink's Global Outreach and ESG Infrastructure

Larry Fink discusses his active role in consulting with global leaders about the importance of capital markets for economic growth. He reveals BlackRock's endgame of pushing ESG (Environmental, Social, and Governance) compliant infrastructure investments, which align with the UN's Sustainable Development Goals. The letter suggests that capital stored in traditional assets like gold is being targeted to be redirected into banks and financial markets, presumably managed by firms like BlackRock.

10:03

📈 BlackRock's Strategies for Financial and Demographic Challenges

The letter addresses the financial struggles faced by younger generations and the looming insolvency of social security systems, proposing solutions such as later retirement ages and mandatory investment in capital markets. It also touches on the potential of public-private partnerships for infrastructure funding and hints at BlackRock's global influence, including in India's digital infrastructure ventures.

15:04

🛠️ BlackRock's Investment in Renewable Energy and Market Control

Larry Fink admits the necessity of oil and gas in the energy mix while advocating for investments in renewable energy as part of an 'energy transition.' He points to Germany's energy policy as a model, despite its challenges, and suggests that BlackRock's investments are aimed at accelerating the shift to unreliable energy sources. This is juxtaposed with the firm's continued investment in reliable energy due to client demand, revealing a conflict of interest.

20:06

🌳 BlackRock's ESG Focus and Global Expansion

The letter details BlackRock's transformation, including partnerships with infrastructure firms and an expansion into private markets and ETFs. Larry Fink discusses the firm's focus on ESG investments, particularly in infrastructure, and its plans for global growth. This includes the acquisition of Global Infrastructure Partners and the potential for increased investment in early-stage ventures, highlighting BlackRock's significant influence over market trends.

25:06

⚠️ The Consequences of BlackRock's Financial Strategies

The final paragraph of the script questions the real-world impact of BlackRock's strategies, suggesting that they may exacerbate wealth inequality and centralize economic control. It critiques the firm's focus on ESG investing, particularly in startups and private companies, which may be inaccessible to the average person. The script concludes with a warning about the potential for market manipulation and the risks associated with BlackRock's global influence.

📢 A Call to Action on BlackRock's Influence

The video concludes with a call to action, urging viewers to share the information about BlackRock's plans and to stay informed about their impact on financial markets and individual wealth. It emphasizes the importance of understanding the potential consequences of centralized financial control and the need for individuals to take an active role in their financial future.

Keywords

💡Black Rock

Black Rock, also known as BlackRock, is the world's largest asset manager. In the video, it is highlighted for its influence on financial markets and its CEO Larry Fink's annual letter to investors, which is seen as a significant indicator of future financial strategies and trends. The company's focus on capital markets, retirement funding, and ESG (Environmental, Social, and Governance) investing are central to the video's theme.

💡Larry Fink

Larry Fink is the CEO of BlackRock and a central figure in the video. His annual letter to investors is discussed as a forecast of BlackRock's strategies and the financial industry's direction. The script mentions his advocacy for rethinking retirement and his influence on global financial policies.

💡Capital Markets

Capital markets are financial markets for buying and selling equity and debt instruments. In the context of the video, Larry Fink argues that capital markets, which include stocks, bonds, and private investing, are essential for funding retirements and building ESG-compliant infrastructure. The video discusses how BlackRock is increasingly involved in these markets.

💡Retirement

Retirement is a key theme in the video, with Larry Fink's letter suggesting a need to rethink the concept due to demographic changes and financial challenges. The video discusses how BlackRock and governments are looking at capital markets as a means to fund retirements, indicating a shift from traditional pension systems.

💡ESG

ESG stands for Environmental, Social, and Governance, which are factors used to measure a company's impact on society and the environment. The video emphasizes BlackRock's focus on ESG investing, particularly in infrastructure projects, and how this aligns with the UN's sustainable development goals. The company's ESG strategy is portrayed as a significant driver of future financial and investment decisions.

💡Infrastructure

Infrastructure in the video refers to the physical and organizational structures needed for a society to function, such as energy, transport, and communication systems. BlackRock's interest in ESG-compliant infrastructure is highlighted, with the company investing in projects that align with sustainable development goals.

💡Demographic Problem

The demographic problem mentioned in the video relates to issues arising from population changes, such as aging populations and declining birth rates. The script suggests that BlackRock views these demographic shifts as challenges that can be addressed through policy changes, such as raising the retirement age, and through investment strategies.

💡Public-Private Partnership

A public-private partnership (PPP) is a cooperative arrangement between government agencies and private-sector companies. In the context of the video, Larry Fink discusses the importance of PPPs for funding infrastructure projects, given the high levels of government debt and the need for sustainable, ESG-compliant development.

💡Derivatives

Derivatives are financial instruments whose value depends on the value of an underlying asset. The video touches on the vast scale of derivatives debt in the financial system, suggesting that this poses a significant risk, especially if the value of the underlying assets declines, which could lead to a financial crisis.

💡Divestment

Divestment refers to the selling of investments for ethical or financial reasons. The video mentions that some individuals and institutions have threatened to divest from BlackRock due to its ESG stance, indicating a potential backlash against the company's investment strategies.

💡Regenerative Finance (ReFi)

Regenerative Finance, or ReFi, is a niche within the cryptocurrency space that focuses on sustainable and regenerative economic practices. The video suggests that ReFi could be a way for individuals to profit from ESG trends, as it offers investment opportunities that align with environmental and social values.

Highlights

BlackRock, the world's largest asset manager, predicted financial responses to the pandemic before it occurred.

Larry Fink's annual letter to investors hints at BlackRock's future plans and market influences.

The letter discusses the necessity to rethink retirement due to increasing global retirement ages and pension fund insufficiencies.

Larry Fink's personal story about his parents' retirement inspires the mission of BlackRock to enable comfortable retirements through capital market investments.

Capital markets, including stocks, bonds, and private investing, are emphasized as essential for retirement funding and economic growth.

Larry Fink's involvement in creating mortgage-backed securities, which contributed to the 2008 financial crisis, is acknowledged.

BlackRock's endgame involves promoting investment in capital markets as a solution for retirement funding and ESG-compliant infrastructure.

ESG (Environmental, Social, Governance) is positioned as a key ideology for achieving the UN's Sustainable Development Goals by 2030.

BlackRock is making significant bets on India's future population growth and digital infrastructure investments.

Larry Fink admits that financial struggles of younger generations are due to policies introduced by the Boomer generation.

BlackRock advocates for the control of retirement savings spending and the promotion of investing in capital markets.

Larry Fink suggests that machines can replace humans in the workforce, which aligns with BlackRock's focus on ESG-friendly technologies.

BlackRock is transforming its business model to focus on public-private partnerships for infrastructure funding and ESG investing.

The company plans to grow its Aladdin ETFs and private markets, keeping sustainability and client whole portfolio advice at its core.

Larry Fink's vision for BlackRock involves significant global expansion and influence over governments and financial markets.

The potential disconnect between BlackRock's leadership and the actual impact on the average person's financial well-being is highlighted.

Transcripts

in the summer of 2019 Black Rock

predicted the financial and monetary

responses to the pandemic before the

pandemic even happened yep it's safe to

say that when the world's largest asset

manager speaks we should listen earlier

this year Black Rock CEO Larry thinkink

published his annual letter to investors

if you read between the lines you start

to get a sense of what could be coming

next or rather what Black Rock is

planning but what Disturbed me as I

wrote this letter we never talk about

retirement it is not a conversation

we're having So today we're going to

summarize this letter and tell you what

it means for you and for the markets so

let's find out what Larry is thinking

about shall we but if that's all you

have when you retire you're you're going

to be living in in a in in poverty I'll

start by saying that Larry thinkin's

annual letter to investors is different

from his annual letter to CEOs for

context black rock is one of the largest

shareholders in the world's largest

companies Larry's letter to CEOs

basically tells corporations what to do

oddly enough this year's Edition has yet

to be published similarly Larry's annual

letter to investors basically tells the

individuals and institutions investing

with black rock what the asset manager

focuses are and this is the letter we'll

be summarizing today and you can rest

assured we will also summarize Larry's

letter to CEOs when it's published if at

all that said the first part of Larry's

letter is eye openening as it's titled

quote time to rethink retirement for

reference many countries around the

world have been raising retirement ages

because governments don't have enough

money to pay pensions this is a

consequence of there not being enough

taxpayers more about the population

implosion in the description moving on

now Larry starts by talking about how

his parents didn't retire with very much

money and how this inspired him to

create Black Rock and make it possible

for people to retire comfortably

naturally Larry argues this can only be

done through investing in capital

markets and says that his letter will

explain why for those unfamiliar Capital

markets essentially include every

Financial instrument you can think of

particularly stocks bonds and private

investing obviously asset managers like

Black Rock have become increasingly

involved in all of these including

buying up single family homes which they

then rent to the likes of us and people

wonder why housing is unaffordable

anyways in the second part of his letter

Larry gives a brief history of capital

markets in the United States he explains

that there are two ways to make money by

saving money in a bank or through

investing Larry argues that the large

Capital markets of the US are why it's

performed so well since the 2008

recession on that topic Larry notes that

he was one of the people who played a

role in creating mortgaged back

Securities you know the financial

instruments that caused the 2008

financial crisis in retrospect that's

not all that surprising Larry holds a

bachelor's degree in political science

and an NBA not exactly a markets guy

anyhow Larry notes that the key takeaway

is that a strong banking system is

insufficient for a country to have

growth it must also have strong Capital

markets he notes that this is something

that governments around the world are

starting to notice and Larry reveals

that he's been speaking with them yikes

he specifies that he went to 17

countries last year where he not only

spoke with policymakers

but also heads of state I.E presidents

and prime ministers he claims that they

are itching to grow their Capital

markets and of course black rock is

there to offer a helping hand surely

with no strings attached now what's

scary is that Larry reveals that Indian

officials aren't happy about the fact

that the average Indian uses gold to

store their personal wealth they want

that money to be in Banks and Larry

presumably wants it Black Rock

regardless it suggests that governments

are threatened by gold believe it or not

but Larry seems to agree with them as he

notes that gold has underperformed the

Indian stock market and that investing

in gold doesn't help the Indian economy

so don't be surprised to see gold

restrictions in the countries that Larry

is advising with economic weakness as

justification Larry then goes on to

reveal black Rock's ending game he

argues that investing in capital markets

is not only ideal but necessary and

that's for two reasons the first is

because it's the only way to fund

retirements the second is because it's

the only way to build out ESG compliant

infrastructure that is the endgame ESG

for those unfamiliar is an ideology

being pushed by asset managers like

Black Rock and mega Banks like Bank of

America the purpose of ESG is to achieve

the un's sustainable development goals

or SGS which require countries to

introduce dystopian Technologies like

cbdcs digital IDs and smart cities by

2030 hence why you see that date 2030

everywhere you can learn more about the

un's sdgs and ESG using the link in the

description and by the way if you're

enjoying the video so far be sure to

monster that like button to help others

find it and subscribe to the channel and

ping that not notification Bell so you

don't miss the next

one Alas poor yorck I knew him

heratio a fellow of infinite G of most

excellent fancy he hath borne me on his

back a thousand times and yet for all

his

Vitality he knth not of the coin Bureau

deals

page where are your 60% discount on

trading fees

now your Exchange sign up bonuses of up

to

$60,000 wherefore art thy discounts on

Hardware wallets

too if thou H only beheld the link in

the description

below how thou wouldst have marveled at

these

riches

Alas poor

yorck I knew him

heratio now in the third part of his

letter Larry asks how people can afford

to retire given how much longer they're

living by now you'll know the answer is

to give all your money to Black Rock

case in point Larry notes a joint

venture Black Rock has with an Indian

retirement firm that invests in digital

infrastructure in other words you will

own nothing and be happy and your

retirement savings and investments will

be used by Black Rock to make it happen

speaking of which it appears that black

rock is making big bets on India

presumably because its population will

be one of the last to Peak sometime in

2050 take note funnily enough Larry then

suddenly pivots to talking about the US

presumably because the reader may start

wondering just how involved Black Rock

is getting in India ironically Larry

admits that the financial struggles of

younger Generations are because of

policies introduced by Boomers like

himself as you might have guessed Black

Rock once again has the solution to save

the Next Generation after underscoring

the fact that America's social security

system will run out of funding by 2034

and advocating for later retirements

Larry says that there are three ways to

fix our future finances the first is to

effectively Force workers to use a

portion of their paychecks to invest in

capital markets by asset managers like

Black Rock fancy that Larry reveals that

a similar law will go into effect next

year in the US requiring all employers

with 401K plans to automatically enroll

new employees a slippery slope this

relates to the second way that black

rock plans to fix our future finances

and that's to control how we spend our

retirement savings put simply Black Rock

wants you to not only give them money

but but also wants the power to tell you

how you can spend this money during your

retirement the good news is that so far

this is just a product being offered by

Black Rock there don't seem to be any

bills or laws requiring this or

foreshadowing such a mandate the bad

news is that a similar law could

eventually be introduced after all if

all the Boomers retiring cash out too

much well Capital markets go

bye-bye I'll note that this is very real

risk that's been raised by many macro

analysts notably Mike Green now if that

wasn't scary enough Larry refers to this

as a quote revolution in retirement it

goes without saying that this revolution

is more like the Russian kind than the

French kind to add insult to injury

Larry believes that black Rock's plan

will create hope instead of fear are you

feeling hopeful yet but wait there's

more earlier in his letter Larry implied

that the third way to fix our financial

future is to fix the demographic problem

that is have more kids or at least

increase immigration but no all Larry

actually said was what I just mentioned

a few moments ago raise the retirement

age and hey that'll do it this might

have something to do with the fact that

Larry believes machines can replace

humans this is literally what he said

during a recent discussion panel hosted

by none other than the world economic

forum we'll leave a link to his rant in

the description if you want to verify it

for yourself quote countries will

rapidly develop Robotics and Ai and

technology and the social problems that

one will have in substituting machines

for humans are going to be far easier in

those countries that have declining

populations it's almost as if declining

populations are exactly what Black Rock

wants this wouldn't be surprising

because shrinking populations are ESG

friendly fewer people means less

emissions are you upset about this well

if you are then Larry doesn't seem to

understand why per his letter quote

there's so much anger and Division and I

often struggle to wrap my head around it

my brother in Bitcoin look in the mirror

anywh who in the fourth part of his

letter Larry expands on the ESG

compliant infrastructure BlackRock wants

to build with your retirement money he

begins with a proclamation the future of

infrastructure is public private

partnership or rather Black Rock working

with your government Larry argues that

this public private partnership is the

only way to fund infrastructure spending

because governments just have too much

debt to do it alone he highlights the

fact that the US government's debt

burden is growing fast and that fewer

and fewer governments are buying US

Government debt I'll quickly note that a

shortage of funding was exactly why the

the precursors to the sdgs the

Millennium development goals or mdgs

ultimately failed now Larry then goes

one step further by saying quote more

leaders should pay attention to

America's snowballing debt there's a bad

scenario where the American economy

starts to look like Japan's in the late

1990s and early 2000s when debt exceeded

GDP and led to periods of austerity and

stagnation now Larry insists that this

is not inevitable as there is a third

way to reduce debt besides cutting taxes

and cutting spending inflation wait wait

sorry growth Larry claims that if the US

economy grows a lot then it will be

possible to repay the debt he fails to

note that this growth will

simultaneously cause inflation how will

the US achieve this growth you may ask

well by investing in energy says Larry

specifically the unreliable mind because

it is the most ESG friendly if you

watched our recent video about why

everything is so expensive you'll know

that under investment in reliable energy

because of ESG is one of the reasons

you'll also know that asset managers

like Black Rock are the main ones to

blame for this underinvestment Larry's

response to this is that he's recently

conceded that oil and gas are going to

be required for quote a number of years

this is an understatement given that oil

and gas are used for 50% of global

energy production what's insane is that

Larry points to Germany as an example of

a country that's doing energy policy

right now this is nuts because Germany

shut down its last nuclear power plant

last year this came at a time when its

economy was imploding due to high energy

costs caused by sanctions and Renewables

Larry also points to Texas and says that

the state is facing quote challenges

around energy he seems to imply that

this is due to Rising demand not the

state's increasing Reliance on

intermittent and unreliable energy

sources he even reveals that black rock

is investing to accelerate the latter

not only that but Larry then provides a

long list of Investments that black rock

is making to ensure that there is a

quote Fair energy transition that is

that you'll still be able to to heat

your home in the winter as for

everything else that's apparently not so

important you will stay in the Pod and

live in the metaverse fortunately Larry

reveals that black rock is still

investing more in reliable energy

sources than unreliable ones why well

because that's what black Rock's clients

are demanding some of you may have heard

that many individuals and institutions

threatened to divest because of its ESG

stance and indeed some of them did but

that just scratches the surface of black

Rock's hypocrisy Larry claims that green

energy sources make countries less

reliant on foreign powers this could not

be further from the truth China produces

90% of the materials required for these

energy sources that makes every Green

energy grid reliant on the CCP makes you

wonder who's really pulling the strings

at Black Rock now in the next part of

his letter Larry reveals how black rock

is transforming itself for starters it's

working with a global infrastructure

firm called Global infrastructure

Partners or Gip which Larry seems to

have personal connections to we will

definitely do a video about them at some

point next Larry plans on visiting more

countries and meeting with more of our

leaders to convince them that black

Rock's game plan is the way to go though

he does doesn't say it explicitly he

seems to suggest that black Rock's

increase in assets under management came

from foreign sources as a result of his

lobbying in case you miss the news Black

Rock oversees over $1 trillion worth of

assets and counting to put things into

perspective this would make black rock

the third largest country by GDP it's

also enough money to buy almost half of

the US Stock Market but Black Rock

already has enough enough voting shares

to influence it Larry notes that the

company will continue investing in early

stage Ventures and I'll remind you that

black rock had invested in failed crypto

exchange FTX I'll also remind you that

it's a large shareholder in many Bitcoin

mining companies which together with its

ETFs could influence BTC more about that

in the description I digress now here is

where things get really interesting

seemingly out of the blue Larry notes

that quote as we look ahead the risking

of client portfolios will create

tremendous prospects for both our public

and private markets franchises this is

interesting because Larry noted in 2023

that investors were drisking logically

this suggests that black rock believes

that the markets will go up this year

since risking likely means moving from

bonds into stocks so far this prediction

has been on point yet again I suppose

that's to be expected given that black

rock can advise the companies it's

invested in on how to beat estimates and

this ties into what Black Rock plans to

do with the companies it can influence

via its voting shares as expected Larry

is rather vague about this hinting that

black rock will keep doing what it's

doing pushing ESG for what it's worth

the asset manager will also give its

clients the ability to have have more of

a say in the longer term Larry notes

that quote our strategy remains centered

on growing Aladdin ETFs and private

markets keeping Alpha at the heart of

Black Rock leading in sustainable

investing and Advising clients on their

whole portfolio for those unfamiliar

Aladdin is black Rock's proprietary

trading system more about that in the

description but Back to Black Rock's

plans on the private Market side Larry

reveals that ma Rock will continue to be

focused on ESG infrastructure on the ETF

side they will continue expanding ETF

adoption and introducing new ETFs noting

the spot Bitcoin ETFs this is

significant as it foreshadows additional

crypto ETFs like those for ethereum for

instance Larry also notes that black

rock will be increasingly focused on

fixed income AKA government bonds now

that interest rates are quote near

long-term average

this is significant as it suggests that

black rock believes that interest rates

will stay where they are a contrarian

take for those expecting rate Cuts after

bragging about the fact that black

Rock's stock has gone up by 90x over the

last 25 years the same returns that many

meme coins see in a few weeks Larry

notes that black rock acquired Gip the

aforementioned ESG infrastructure firm

and that its CEO Larry's buddy will join

black Rock's board who need needs crony

capitalism when you've got nepotism

disguised as ESG eh anyway Jokes Aside

Larry wraps things up by claiming that

black rock is one small part of a global

success story a success story that Larry

believes is lifting the average person

but in fact is only really benefiting

the upper class regardless Larry says

it's all possible because of the capital

markets and the people who invest in

them he doesn't say that over 93% of all

stocks are owned by the top 10% of

people oops so this brings me to the big

question and that's what all this means

for you and for the markets make no

mistake these are two very different

things from our perspective black Rock's

leadership appears to be completely

disconnected from reality this is truly

frightening given how much money it is

managing seeing Germany as an example

for other countries to follow for their

energy policies is either extremely

ignorant or extremely evil most would

argue it's the latter whatever the case

the result is the same the rich get

richer and the poor get poorer this is

often what happens in a centrally

planned economy and therein lies black

Rock's biggest error the asset manager

believes that the only way to provide

solutions to problems and to create

Prosperity is centralized control to the

point that it needs to partner with

governments roll out stuff like cbdcs

and restrict access to gold in the name

of economic growth this doesn't sound

like something you would do to solve

problems and create Prosperity it sounds

like something you would do to prevent a

financial Ponzi scheme from falling

apart for all of their faults

governments only have a fraction of the

debt that Banks and asset managers do

according to a recent report the world

is

315 trillion

in debt but the derivatives debts of

Banks and asset managers are estimated

to be in the

quadrillions these derivatives are

backed by other assets whose value must

rise otherwise the derivatives debt

bubble will burst and well game over

when you step back and look at what

black rock is proposing it all involves

the same thing give us your money and

let us decide what to do with it

including when we give it back to you

it's very possible that ESG is just an

excuse to trick people into thinking

they'll Save the World by giving Black

Rock their cash this all makes black

Rock's new approach that much more

frightening because it seems that Larry

has tricked everyone he can in the US

and is now turning his attention

overseas unfortunately many countries

are desperate for investment this is

evident in the fact that black Rock's

AUM grows as Larry travels and no

calling it trickery isn't hyperbole when

it results in energy infrastructure that

isn't going to cut it but cuts big

checks for Black Rock and other VCS that

invested in it never forget that Shri

Lanka had the highest ESG score of any

country before it basically collapsed

this though hasn't stopped Black Rock

from forging ahead the result is that

the average person will continue to be

worse off wherever Black Rock makes its

Mark unless they copy the asset manager

traits and this relates to what it means

for the markets in short it means that

bad ideas will keep receiving obscene

amounts of funding so long as they are

ESG friendly what's so frustrating is

that black rock seems to be focusing its

ESG investing on startups and private

companies this makes it hard for regular

folks like you and me to get a piece of

Aladdin's magic money and that is

probably by Design well at least you can

create an ESG startup if you have zero

in the way of morals in all seriousness

the best way to profit from black Rock's

ESG Obsession could actually be through

cryptocurrency this is because that's

exactly what we've seen with AI most AI

companies are private which has made it

hard for us plebs to profit from their

growth this has turned AI crypto into

proxy plays of sorts as some of you will

know there is a crypto Niche called refi

which stands for regenerative Finance

from what we've seen many of these

crypto projects are questionable but

they nonetheless check the box for ESG

many of them could go vertical if black

Rock's ESG Trend comes back with a

vengeance the caveat is that Larry

thinks politics could soon collide with

physics the fact of the matter is that

there is a shortage of primary energy

due to underinvestment by Black Rock and

others and these newer energy sources

aren't going to cut it except for

nuclear which also deserves a video of

its own once this becomes apparent it's

likely that black rock will see a lot

more divestment if it doesn't change its

course with Larry on the throne though

this is unlikely so divestment is

perhaps inevitable let's just hope that

we don't see another asset manager

emerged claiming that it's going to save

the world with something else news flash

the average person doesn't want to be

saved they just want to be left alone

and able to live well so Larry on the

off chance you're watching take

note and that is all for today's video

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guy over and out

[Music]