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World’s largest asset manager BlackRock exits globalist climate investment group

2 months ago -

Climate Action 100+ (CA100+) is a global coalition of investors who have pledged "to ensure the world's largest corporate greenhouse gas emitters take necessary action on climate change."

Advocates for corporations worldwide to take action against so-called climate change have hailed CA100+ as a key player in efforts to align the world's most powerful financial institutions behind the "net-zero emissions" goals espoused by globalist organizations like the United Nations ...

BlackRock recruiter claims ‘war is good for business,’ says asset management giant ‘decides people’s fate’

June 23, 2023 -

In its latest undercover sting, the media organization founded by former Project Veritas principal James O'Keefe "published a new story focusing on perhaps [his] most powerful investigative subject to date, BlackRock Inc.," said a post by O'Keefe Media Group, also known as OMG.

The recorded video showcases Serge Varlay, a recruiter from BlackRock, who reveals in approximately seven minutes of captivating undercover footage how BlackRock holds the ability to exert influence ...

Ukrainian Nazi “BoneFace” threatens Laura Loomer for outing him as U.S. intel asset on social media

September 11, 2023 -

"I am really not scared of you and you should be in prison," she directly addressed McLellan on X, formerly Twitter. She called him a felon and further exposed him after being arrested for domestic terrorism in Florida in 2012. "You were picked up by the [Central Intelligence Agency] CIA in 2014 to join Right Sector. Felons can't get licensed to use HAM radios," she said pointing out that BoneFace could only get away with his actions that he is broadcasting publicly now in ...

Supreme Court hears case involving IRS taxation of UNREALIZED gains, meaning you’d have to pay more taxes every time an unsold asset gains value

December 19, 2023 -

Moore v. the United States technically deals with a different issue involving a couple that was taxed by the IRS for unrealized gains overseas. It could, however, end up affecting all Americans with a new precedent being set for unrealized gains taxation.

"This could have the biggest fiscal policy effects of any court decision in the modern era," commented Matt Gardner from the Institute on Taxation and Economic Policy (ITEP).

Last week, Gardner's ITEP colleague ...

Credit Suisse lost over $68 billion in assets in Q1, bank’s turmoil continues

April 26, 2023 -

The Zurich, Switzerland-based bank cited the "significant net asset outflows" as it posed results skewed by the debacle involving the Swiss government's arranged merger with Credit Suisse and its rival UBS. This takeover was supposed to help stabilize the global financial system following the chaos that occurred in the United States due to the collapse of two major banks. But in effect, this government-enforced takeover caused even more instability. (Related: US bondholders preparing ...

Texas public schools fund pulls out $8.5 billion from BlackRock over ESG investing

a month ago -

The move was conducted by the Texas Permanent School Fund (Texas PSF), a sovereign wealth fund and pension fund established in the 19th century to support the state's public schools. It highlights how many asset managers like BlackRock are continuing to attract controversy over their environmental, social and governance (ESG) investing. (Related: World's largest asset manager BlackRock exits globalist climate investment group.)

ESG investing refers to standards set by certain ...

Moody’s cuts credit ratings for 10 small and midsize U.S. banks, sending bank stocks plummeting

August 14, 2023 -

According to Moody's, this trifecta of issues means that M&T Bank Corp., Webster Financial Corp., BOK Financial Corp., Old National Bancorp, Pinnacle Financial Partners Inc., and Fulton Financial Corp. all saw a downgrade, while Northern Trust Co. and Cullen / Frost Bankers Inc. are also under review for possible downgrades.

Moody's also issued a "negative" outlook for 11 different lenders, including PNC Financial Services Group, Capital One Financial Corp., Citizens ...

BlackRock’s Larry Fink defends ESG standards for corporate America, stresses the need to “force behaviors” in 2017 video

June 08, 2023 -

The aforementioned clip showed Fink boasting how his investment firm forced companies to accept the ESG system alongside the diversity, equality and inclusion (DEI) system during a 2017 DealBook conference sponsored by the New York Times.

"Behaviors are going to have to change, and this is one thing we are asking companies. You have to force behaviors – and at BlackRock, we are forcing behaviors," the BlackRock CEO said. "If you don't force behaviors – whether it's gender, ...

Turkey and Argentina turn to crypto amid record-breaking inflation and crumbling currencies

May 05, 2023 -

According to audience research company GWI, ownership of digital currencies in Turkey was the highest in the world at 27.1 percent, followed by Argentina at 23.5 percent, which is well above the global crypto ownership rate estimated at 11.9 percent.

Both countries are submerged in the ongoing record-breaking inflation, which has led to crumbling currencies and capital controls to deter local residents from taking money out. Turkey's annual inflation was 50.51 percent in ...

FTX legacy? JPMorgan explores blockchain-based deposit token as new payment vehicle… backed by the bank itself

September 14, 2023 -

According to a person familiar with the work who asked not to be identified, America's largest bank by assets has already developed the majority of the underlying infrastructure for the new payment vehicle to work. It is just waiting on final approval from U.S. regulators before actually creating the token. But the source said that once JPMorgan gets the approval, it will likely launch the product for use by corporate clients within a year.

"Deposit tokens bring plenty ...

China’s central bank attempting to spark growth in 2024 by SLASHING banks’ reserve requirements

February 06, 2024 -

With lower reserve requirements, Chinese banks will be able to boost lending to households and businesses, which the People's Bank of China hopes will curb the nation's stock market selloff while improving the broader economy.

Starting on February 5, the new lowered reserve requirements will take effect. This is expected to free up around one trillion Chinese yuan, the equivalent of around $139 billion, which can then be funneled into new loans.

It is a start, ...

47 Nations combine forces to require automated tax authority monitoring of crypto trading data

November 15, 2023 -

In a press release, the British government said this new coalition of nations and other jurisdictions is partnering up with the Organization for Economic Cooperation and Development (OECD) to create what is known as the Crypto-Asset Reporting Framework (CARF), whose main goal is combating tax evasion and ensuring that those who trade in cryptocurrency comply with national and international taxation regulations.

"To keep pace with the rapid development and growth of ...

CLAIM: Charles Schwab and other big banks may be secretly insolvent

May 03, 2023 -

(Article by Manuel García Gojon republished from Mises.org)

As of the end of 2022, the bank with the largest amount of assets marked as “held to maturity” relative to capital was Charles Schwab. Apart from being structured as a bank, Charles Schwab is a prominent stockbroker and owns TD Ameritrade, another prominent stockbroker. Charles Schwab had over $173 billion in assets marked as “held to maturity.” Its capital (assets minus liabilities) stood at under $37 billion. ...

JPMorgan Chase pulls out of “climate change” cartel; pundit expects to see more defections

2 months ago -

A spokeswoman for the money manager, which oversees $3.1 trillion worth of assets, said the firm won't renew its membership in Climate Action 100+ because it has made significant investments in developing its own climate risk engagement framework. The asset management unit of the largest bank in the United States said it now has a team of 40 professionals dedicated to pursuing a "sustainable investment" agenda for the bank. (Related: Climate fanatic wants Biden to declare "climate ...

White House builds defense team for expected GOP impeachment inquiry against Biden

September 08, 2023 -

The White House has established a war room with two dozen lawyers, legislative aides and communications staffers for an expected GOP impeachment inquiry against President Joe Biden.

Defense attorney Richard Sauber brings a wealth of legal experience to the table. Russ Anello, a former staff director of the House Oversight Committee, provides valuable congressional insight.

At the forefront of this defense team is Ian Sams, a communication specialist ...

BlackRock’s spot Bitcoin ETF application formally accepted for review by SEC

July 19, 2023 -

BlackRock is the biggest asset management firm in the world, and its application, which was filed in mid-June, has been closely followed by observers as the outcome could provide a clearer picture of the future of crypto-based investments in the United States.

BlackRock’s application was filed at a time when the SEC is cracking down on cryptocurrency platforms for allegedly violating American securities laws by offering digital assets that could be considered unregistered ...

Tom Renz: Digital currencies will lead to the end of freedom – Brighteon.TV

July 18, 2023 -

He issued this warning during the July 11 episode of his Brighteon.TV program "Lawfare with Tom Renz." According to him, people who are unaware of the central bank digital currencies (CBDCs) ought to know of the unified ledger program promoted by the Bank of International Settlements (BIS) as part of its 2023 Annual Economic Report. Renz noted that the globalist bankers that make up the BIS want to get rid of physical cash and turn it into CBDCs for more control over people's ...

Number of Americans defaulting on subprime auto loans nearing levels not seen since the Great Recession

May 09, 2023 -

This is according to a new report from Florida-based fixed-income asset manager Bramshill Investments. The company's report noted that inflation and higher interest rates from the Federal Reserve – and as much as 20 percent interest rates on used cars – have been eroding the paychecks of all consumers in the United States.

"It is very apparent to us that it is negatively affecting subprime borrowers – who tend to have lower credit scores and lower incomes – more harshly ...

Intentional destruction

December 19, 2023 - The Great Depression was a well-executed plan to seize assets, impoverish the population, and remake society. What comes next is worse...

A recent book by David Webb sheds new light on exactly what happened during the Great Depression. In Webb’s view, it was a set up.

Webb is a successful former investment banker and hedge fund manager with experience at the highest levels of the financial system. He published The Great Taking a few months ago, and recently supplemented ...

COLLAPSE? Bond bloodbath commences as Fed’s desperate fight against inflation fails

October 27, 2023 -

It is also finally admitting it cannot normalize interest rates after having spent 18 months believing in the hype about a Fed pivot and rate cuts to something like zero percent that would be forced on the Fed by a steep recession, with lots of forever-quantitative easing (QE) to follow.

The latest retail report reflected high increases in retail sales that were in good part due to high increases in inflation. Richter called the occurrence a "bond bloodbath." "Today, ...