"Elites Will Create A New Class Of Slaves" - BlackRock's Next Plans Will Shock You | Whitney Webb

Summary

The transcript discusses the emotional and irrational responses people exhibit during crises, often leading to hasty policy decisions without proper debate. It highlights the influence of financial entities like Black Rock in shaping government economic policies, raising concerns about a potential two-tier society. The conversation also touches on the misuse of taxpayer money, the historical 'revolving door' between Wall Street and the Treasury, and the potential dangers of surrendering human agency to AI.

Takeaways

• 😟 During crises, people's emotional responses often prevent critical and rational thinking about situations and policies.
• 🏥 The COVID-19 pandemic was a major focus, overshadowing the financial situation, but future crises could significantly impact economic activity and purchasing power.
• 🗣️ People tend to demand immediate policy solutions during crises, rather than considering the best long-term responses.
• 🏦 BlackRock seems to be anticipating economic downturns and advising central bankers on policy responses, indicating a possible influence on future crisis management.
• 💼 There's a concern that former BlackRock executives are leading economic teams, which might shape fiscal responses that favor Wall Street over Main Street.
• 🤔 There's a lack of public awareness and media coverage about the role of BlackRock in government economic teams.
• 💵 Taxpayer money is often misused or 'stolen', not being allocated to build necessary infrastructure or meet public needs.
• 🏛️ A 'revolving door' exists between Wall Street and the US Treasury Department, which may not always act in the best interest of regular Americans.
• 🌐 Outsourcing and the military-industrial complex are cited as examples of where taxpayer money is misspent, without proper oversight or benefit to the public.
• 📊 There's a push towards a two-tier society, potentially eliminating the need for a middle class, with a focus on technocracy and AI-driven decision-making.

Q & A

How does a crisis impact people's decision-making abilities?

During a crisis, people tend to have emotional responses and come from a place of fear, which can prevent them from thinking critically, calmly, or rationally about situations or policies.

What role did Black Rock play in anticipating the economic downturn during COVID-19?

Black Rock anticipated the economic downturn about a month before the repo market started going haywire and presented policy recommendations to central bankers for the next downturn.

What is the concern regarding Black Rock's influence on economic policy?

There is concern that Black Rock, with its embedded influence in the government, may be dominating fiscal responses to crises without the public's awareness or a calm, open public debate.

How has the Biden Administration been influenced by Black Rock executives?

Former Black Rock executives have been leading the Biden Administration's economic team, which has influenced the fiscal response to crises like COVID-19.

What is the 'revolving door' phenomenon mentioned in the script?

The 'revolving door' phenomenon refers to the cycle of individuals moving between top positions in Wall Street banks and influential roles in government, particularly in the US Treasury Department.

Why is there a need for structural change in fiscal policy responses?

There is a need for structural change to prevent the revolving door policy that has historically favored Wall Street interests over the needs of regular Americans.

What are the interests of Main Street or the average American according to the script?

The interests of the average American include stopping the misuse of taxpayer money, ensuring that funds are used for necessary infrastructure and meeting American needs, rather than enriching multinational corporations.

How has taxpayer money been misused or 'stolen' as mentioned in the script?

Taxpayer money has been misused or 'stolen' by being spent on unnecessary projects, sent to other countries without oversight, and allocated to contractors without accountability, leading to a lack of transparency and waste.

What is the potential danger of surrendering to an AI algorithm as suggested in the script?

Surrendering to an AI algorithm is dangerous because it could lead to a loss of human agency, creativity, and the potential for overhyping AI capabilities, which could be used to shift responsibility away from decision-makers.

What is the concern about the development of a two-tier society as discussed in the script?

The concern is that the development of a two-tier society, led by an elite group managing a large underclass, could result in a neo-feudal style society without a need for a middle class, reducing the autonomy and decision-making power of the majority.

How might social media be used to manipulate public perception as mentioned in the script?

Social media could be used to manipulate public perception by tailoring the information people see based on their data, potentially controlling their behavior and decisions.