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Written by The Daily Expose The CEO of BlackRock thinks the war in Ukraine and the events surrounding it could be used to accelerate the adoption of digital money controlled by central banks.
Along with Vanguard and State Street, Blackrock is considered one of the “Big Three” index fund managers that dominate corporate America, and ultimately the world.
By November 2020, the “Big Three” managed US$15 trillion in combined assets , equivalent to more than three-quarters the size of the US economy and combined, they were the largest owner in 88 percent of the S&P 500 companies. By January 2021, the “Big Three” had almost US$18 trillion in assets under management. Now, in a letter to shareholders sent Thursday 24th March, Larry Fink wrote that the adoption of digital money controlled by central banks could prove to be one of the outcomes of the war that are currently by and large under the radar.
According to Fink, whose own company manages $10 trillion worth of assets, countries around the world will be reevaluating what he called their “currency dependencies.”
With the onset of the war, the US and its allies added Russia’s central bank to their list of entities targeted by sanctions, which brought about a surge in transactions on centralized Bitcoin exchanges in both Russia and Ukraine, and in both of their currencies. Reports interpret this as a realisations that stablecoins – cryptocurrencies whose market value is pegged to a fiat currency, gold, etc. – can provide safety for assets, and a way to evade sanctions.
The BlackRock CEO’s letter shows that the trend of major financial players starting to take cryptocurrencies seriously continues.
Born out of the 2008 financial crisis, this form of money was treated with distrust and even derision for a long time, but now Fink writes that BlackRock’s clients are […]
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Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!
JD Rucker