Canadian Cities Hit by Pandemic Lockdown. Vulnerable to BlackRock’s Privatization Agenda – Mark Taliano

On March 27, the BoC (Canada’s publicly-owned central bank) announced that BlackRock Financial Markets Advisory has been hired to advise on monetary policy during the crisis. The announcement came just hours after BlackRock was given a similar role in the U.S., advising the U.S. Federal Reserve and the U.S. Treasury on a new (potentially $4.5 trillion) corporate slush-fund to bailout the economy through the CARES Act.

As the world’s largest asset management firm, New York- based BlackRock is a financial titan.  It manages $7 trillion for its global corporate investor-clients, along with another $20 trillion for clients through its financial risk-monitoring software (called Aladdin).

BlackRock’s many investor-clients include most major corporations, banks, insurance companies, pension funds, sovereign wealth funds, central banks, and private foundations across the planet. With $27 trillion under various forms of its management, BlackRock towers over the finance, insurance, and real estate sectors. This much consolidated financial power may be unprecedented.

Canadian Cities Hit by Pandemic Lockdown. Vulnerable to BlackRock’s Privatization Agenda

Published by TCTTNews

Sharing real news, information & analysis.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: