Many of us are familiar with the idea that the dollar is the global reserve currency. This means that when other countries conduct trade, goods are often priced and paid in US dollars, even when the US is not involved in the transaction.
This gives the US tremendous power both globally and at home. Internationally, having the global reserve currency gives us immense policy influence—for example, financial sanctions. When we impose sanctions on Iran, we can basically cut them off from the global banking system entirely by cutting off their ability to use the dollar and the SWIFT system in international trade. By essentially being able to ban them from using the dollar, they are cut off from the global economy, which is overwhelmingly priced in dollars.
But why is the dollar the global reserve currency? Well – one huge reason is because of oil. Oil is priced globally in dollars. If Russia wants to buy oil from Saudi Arabia, they do it in dollars. Why though?
In the mid-1970s, the US agreed to provide military protection to Saudi Arabia in exchange for the global pricing of oil in dollars. This is the backbone for the dollar’s international strength and provides a global demand for dollars that no other country or region can compete with.
Understanding this is where things start to get complicated and morally grey. In exchange for the power we receive in return – oil priced in dollars globally – we are protecting the regime of a country with longstanding problems and human rights abuses (https://www.hrw.org/world-report/2021/country-chapters/saudi-arabia#). Furthermore, we are also supporting the global oil trade.
In a way, the US is reliant on oil. We need other countries to keep demanding oil because, without that, $USD would not be as needed globally, and we would lose significant international power.
It is almost hypocritical for our leaders to talk about green energy in the US when not only are we protecting the Saudi oil trade, but we need it to continue, to enforce the global dollar hegemony that has been present since the end of WWII. Hypocritical isn’t really the right word though, since most politicians don’t understand the dynamic at play here any more than the average person does.
Can we just stop protecting Saudi oil? It’s not so simple.
The global soft power we would lose is considerable. Sanctions against Iran don’t do nearly as much if they can just buy whatever they want in Russian rubles instead of dollars.
And it’s not just international either. Global demand for dollars sucks USD out of the country, which is good since we print a ton of new dollars. If global demand for USD falls, yet we keep increasing the money supply, those dollars will stay in the country, and price inflation would likely rise. If you want more deficit spending, more social programs, more stimulus, etc., you need global demand for the dollar to stay high. This is why the US can create much more new money than, for example, Nicaragua can.
To summarize – it’s complicated. We’re protecting a corrupt Saudi oil regime and we’re protecting the global use of oil itself. We need countries to keep buying oil priced in dollars to maintain the dollar’s dominance, even though it’s at odds with the green future that we want. And if we stop that protection, it causes a ton of other problems for the US.
While the dollar may not be ‘backed’ by anything, the backbone of its strength is oil.
In the modern world, a multipolar model is clearly taking shape – almost taking shape. It replaced the unipolarity that was marked after the collapse of the Warsaw Pact and especially the USSR. And the unipolar world, in turn, replaced the bipolar one, in which the Soviet camp geopolitically and ideologically opposed the capitalist West. These transitions between different
The 19th century had robber barons. In this millennia we had this minor crime known as the 2008 financial crisis. The perpetrators went unpunished because of their friends in high places. Washington is run by the most clever and intelligent godfathers: sociopaths who are experts at hiding behind ethics in order to appear good and […]
In my previous post, I covered the obvious roles of the World Economic Forum and Council on Foreign Relations in the Great Reset/Agenda 2030/17 SDGs, so I want to focus on Larry Fink and BlackRock.
From the website:
BlackRock is one of the world’s leading providers of investment, advisory and risk management solutions.
BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.
The foundation of BlackRock’s business is our belief that our clients’ needs are of paramount importance. Our commitment to investment excellence is anchored in a shared culture that always places a client’s interests first, from individual investors to the world’s largest institutions. We act always as a fiduciary for our clients, never trading as a principal on our own behalf.
BlackRock’s investment approach is based on our conviction that we can combine our market insights, our global reach and scale, our proprietary technology, our culture of information sharing and our unwavering focus on risk management into an ability to deliver performance in all market environments. BlackRock is committed to providing a broad set of investment solutions for our clients, striving to achieve the best balance between risk and opportunity.
BlackRock is a truly global firm that combines the benefits of worldwide reach with local service and relationships. We manage assets for clients in North and South America, Europe, Asia, Australia, the Middle East and Africa. The firm employs approximately 13,000 talented professionals and maintains offices in more than 30 countries around the world. Our client base includes corporate, public, union and industry pension plans; governments; insurance companies; third-party mutual funds; endowments; foundations; charities; corporations; official institutions; sovereign wealth funds; banks; financial professionals; and individuals worldwide.
As of June 30, 2019, BlackRock’s assets under management total US$6.84 trillion across equity, fixed income, cash management, alternative investment, real estate and advisory strategies. Through BlackRock Solutions® — the natural evolution of our long-standing investment in developing sophisticated and highly integrated systems — we offer risk management, strategic advisory and enterprise investment system services to a broad base of clients.
Our firm’s ownership structure is designed to maintain the independence we believe is necessary to retain our commitments to client focus and investment excellence. BlackRock, Inc. (NYSE: BLK) has no single majority stockholder and has a majority of independent directors.
BlackRock – instituting a new methodology for the guidance of their investment products.
Bank of Greece
Her Majesty’s Treasury
Central Bank of Ireland
Federal Reserve Bank of NY
Since the onset of the pandemic, a lot of BlackRock’s public releases include how they are crafting their business model for Sustainable Investing around this type of Cause/Effect scheme:
Shifting Economic Power
The political sphere of influence could shift from Washington to Beijing
Businesses could become more powerful than countries
We’re all going to need to talk Mandarin
Climate Change and Resource Scarcity
Western diets will become increasingly plant-based
Renewable energy will fully replace fossil fuels
Technological advancement will yield man-made materials
Demographics and Social Change
Substantial healthcare spending will create huge opportunity in this sector
Robots will replace people to plug the labour gap
People will need more money to fund a lengthy retirement
A whole new city infrastructure could be required
Car ownership will become obsolete as autonomous, summon-able cars become mainstream
The healthcare system will need to change to cope with demand
All as a result of:
Traditional consumer goods produced by technology companies
The global economy should grow as the world becomes more productive
Technology will enable solutions to climate change and population problems
MuunyayoSPECULATION: The above five areas foreshadow the elements we see within the Great Reset, namely:
China becoming the world’s economic center of power.
Diets consisting of plant-based foods (and BUGS!)
Phasing out fossil fuels (highly unrealistic).
Automation decimating what’s left of the working class.
The coming UN Smart Cities program.
Again, the meme’ing together of climate change and population growth. That is, migration as a human right. This is embedded within the UN’s policies for the past decade.
Prior to the pandemic, BlackRock adapted “Sustainability” as their catechism for Investing.
“A framework for incorporating sustainable investing in portfolio construction”
“Sustainability effects and societal attitudes will impact all assets and therefore the whole portfolio. The direct impacts of climate change and the coming capital reallocation will reshape economic fundamentals, expected returns and assessments of risk.”
Climate change is the unifier, combating climate change – as it has been appointed the boogeyman since Agenda 21 was first unveiled in 1992. Climate change/action is ubiquitous – it was on Biden’s platform, it is part of thousands of corporate MD&A disclosures in official SEC filings, the foundations, the think-tanks, public education, public health, local news, national news…it is safe to say that Climate Change is the underlying threat used by all entities entangled within the decision making capacity of the Great Reset which will ultimately drive the people of planet earth into the arms of Communitarianism and a One World Order.
Reshape Economic Fundamentals – this is a generic term for the coming Stakeholder Capitalism that is baked into every facet of the Great Reset. BlackRock has $8.676 Trillion USD in Assets Under Management. They are a leader in the Exchange Traded Funds (ETF) realm. Larry Fink, Founder, Chairman and CEO, is on the Board of the World Economic Forum. Make no mistake – BlackRock is a crucial driving force behind the execution of the Great Reset.
Check out the fear porn:
May 2020 – Progress Report on the Valuation Metrics Considered in Sustainable Investments:
“The concept of sustainable investing can mean different things. Asset owners and asset managers often operate with multiple definitions, messages and motivations. BlackRock operates from a simple definition of sustainable investing: Combining traditional investing with environmental, social, and governance-related (ESG) insights to improve long-term outcomes for our clients. Our view: Companies with strong profiles on material sustainability issues have potential to outperform those with poor profiles. In particular, we believe companies managed with a focus on sustainability should be better positioned versus their less sustainable peers to weather adverse conditions while still benefiting from positive market environments.”
“In order to account for this heterogeneity by sectors, descriptors need to be weighted appropriately by their relative importance in each sector before they are summed up to form the final score under our research framework. For example, the score of a company in the Financial sector – which would not be a comparatively significant carbon emitter or consumer – is weighed heavily in favor of social and governance issues, and marginally on environmental issues. Such a weighting scheme has been described by the Sustainability Accounting Standards Board (SASB) as a Materiality Map. Our framework relies on the views expressed in the SASB Materiality Map® but also augments them by overlaying additional data.”
December 2020 – BlackRock ESG Integration Statement (updated from 2018)
Environmental, Social and Corporate Governance metrics (ESGs)
ESG– Environmental, Social, and Corporate Governance refers to the three central factors in measuring the sustainability and societal impact of an investment in a company or business.
Take a close look at the subject matter contained within the three metrics. The criteria ties directly to the 17 Sustainable Development Goals set forward by UN Agenda 2030 which has been launched by the World Economic Forum’s Great Reset – of which BlackRock is a major player.
In essence, the ESGs are the implementation of the SDGs in the sphere of industry, markets and commerce. Multinational corporations will carry out their ESGs which will concurrently create the structural changes called for in the Great Reset. BlackRock is at the heart of this.
Takeaway from the Document:
“BlackRock’s approach to ESG integration At BlackRock, we have always focused on helping our clients try to reach their long-term investment goals by providing resilient and well-constructed portfolios. Our investment conviction is that sustainability-and climate-integrated portfolios can provide better risk-adjusted returns to investors over the long-term, and that sustainability-related data provides an increasingly important set of tools to identify unpriced risks and opportunities within portfolios. BlackRock’s active investors are responsible for integrating material sustainability-related insights, consistent with their existing investment process, with the objective of improving long-term risk-adjusted returns. BlackRock’s firm-wide investment process is structured to identify ESG risks and opportunities alongside traditional measures within our active investment processes. ESG integration is part of both our active investment process and index investment processes and oversight. BlackRock has a consistent framework for ESG integration that also permits a diversity of approaches across different investment teams and strategies. ESG considerations that are material will vary by client objectives, investment style, sector, and market trends. Sustainability measures help inform the due diligence, portfolio construction, and monitoring processes of our active and alternatives platforms, as well as our approach to risk management. In our index investments business, we work with index providers to expand and improve the universe of sustainable indexes, and our investment stewardship processes encourage the companies in which our clients are invested to manage and disclose material sustainability risks effectively.”
MUUNYAYO’S ANALYSIS: I worked as a CPA for 20 years and audited companies within the same size and scope as BlackRock. This is all a load of horseshit….BlackRock’s fossil fuels investments look something like this:
For Fink and BlackRock, they benefit by participating in the rollout of the “The Great Reset” because for them, outside of their physical holdings in fossil fuels – Exchange-Traded Funds ARE a HUGE SCAM to use CLIMATE CHANGE ACTION as a method to erase the MASSIVE ENOURMOUS REAL FINANCIAL BLACK HOLE OF NOTHINGNESS THAT EXISTS IN THE WORLD OF ETFs.
There is more funk with Fink that we can get into another time. This man makes me sick. I am not a professional researcher, nor journalist, nor author, nor any of that shit. I just want to make blog posts that are informative. And give some insight into the people and entities that are making the Great Reset a reality.
In a very distant past…the fuckery that is the Globalist-Zionist-Supra-Technocratic Regime, a more bold response would be in high order….sword time…wolf time…..war time….