Blackrock, which has promoted, pushed, and advanced woke energy policies in the Oval Office, warns of a global recession the Central Bank can’t stop due to the Western World’s shift in energy policy. That would be the policy Blackrock’s forcing corporations to follow with ESG.
Blackrock noted that central banks are limited in the shrinking of economic activity, and a recession like no other is coming.
Business Insider reported:
A worldwide recession is just around the corner as central banks boost borrowing costs aggressively to tame inflation — and this time, it will ignite more market turbulence than ever before, according to BlackRock.”
The global economy has already exited a four-decade era of stable growth and inflation to enter a period of heightened instability — and the new regime of increased unpredictability is here to stay, according to the world’s biggest asset manager.”
That means policymakers will no longer be able to support markets as much as they did during past recessions, a team of BlackRock strategists led by vice chairman Philipp Hildebrand wrote in a report titled 2023 Global Outlook.”
“Recession is foretold as central banks race to try to tame inflation. It’s the opposite of past recessions,” they said. “Central bankers won’t ride to the rescue when growth slows in this new regime, contrary to what investors have come to expect. Equity valuations don’t yet reflect the damage ahead.”
Our future was preordained when the Western World decided to drastically dismantle the fossil fuel sector. At the same time, they locked down economies. The U.S. coupled that with wild spending.
The Central Bank is raising interest rates to shrink the economy. Supply-side inflation will continue.
Blackrock is one of the biggest backers of Biden’s Build Back Better socialist policies and they are the cause of our economic turmoil. Larry Fink of Blackrock is one of the biggest drivers of the ESG at the core of Biden’s bad policies.
HERE’S LARRY FINK PUSHING THE POLICIES LEADING US INTO A GLOBAL RECESSION
.@BlackRock CEO Larry Fink denies getting involved in the infamous ExxonMobil fight, saying he didn’t force Exxon to comply with his ESG agenda:
Which is odd, because his firm very clearly voted in it. pic.twitter.com/JuxHlK0z8V
— Will Hild (@WillHild) December 1, 2022
.@BlackRock CEO Larry Fink goes on a bizarre rant about populism, claiming populism created inflation not the ESG agenda: pic.twitter.com/5uRDpscC8A
— Will Hild (@WillHild) December 1, 2022
In discussing the current state of the market post-COVID, @BlackRock CEO Larry Fink parrots the World Economic Forum’s “Great Reset” language:
“There’s a whole reset in the market place…” pic.twitter.com/5FOsYxRX34
— Will Hild (@WillHild) December 1, 2022
.@BlackRock CEO Larry Fink claims that he and other ESG activist investors are focused on speeding up “decarbonization” and/or new technologies that they believe will “improve” farming and the food supply: pic.twitter.com/MLeazPH1v5
— Will Hild (@WillHild) December 1, 2022
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“He who knows not,…”.is as valid today as it was 3000 years ago…
When you are eating the neighbor, remember, you voted for this.
When your neighbor hacks off your leg for diner, remember that you voted for this!
Get caught with the ESG Cookie Jar , And you hold 70% of the cards. This Corporate NAZI agenda pusher for the WEF help engineer this. And it is going to get really bad very soon. And if we do win in 2024 it will be so bad it ill take us a decade or more to hopefully recover. All part of the master plans.
This is the first step in the next round of money laundering. It’s the sole purpose of modern governments.
I’ve been warning people of this for 18 months. One friend who did not take my advice has already lost over a quarter million in retirement savings. So much for listening to investing experts! He will never recover those losses.
Macro-economics is not rocket science when it is influenced by big government spending and taxing. When people realize that Big Government Polices are always to protect the rich. because the rich can buy big government easier than small government (yes it is counter intuitive), then you understand how the American Economy really works. Big Government can bailout big companies it thinks are too big to fail. Poorly run Companies need to be allowed to fail.
This is why the 16th and 17th Amendment are so damaging to the Free Market Economy and American Business. There is no Free Market in America. Today the Government picks winners and Losers. The 16th Amendment gives the Government unlimited taxing authority. With a Fiat Currency that is not backed by precious metals this is very dangerous to the Macro-economy. As a result of going off the Gold Standard in 1971, by default the US Dollar was backed by Oil. As we learned, or should have learned. during the 1970s Oil Embargo, America needs to be Energy Independent to control the strength of the Dollar. Crushing Energy Production and spending like a Drunken Sailor gave us a very predictable result. Add to that, the 17th Amendment took away State control over the Federal Government centralizing far too much power in the Federal Government Bureaucracy creating an uncontrollable monster – The Deep State Bureaucracy! The Deep State Bureaucracy is yet another predictable outcome if you pay attention to World History.
America must quickly go all in on energy production, cut the Federal Government budget drastically, and enact very aggressive pro savings policies or the Dollar will Collapse! At the present rate, I give it maybe 4 years. A country’s Economic Collapse is not Rocket Science. South American Countries have become very proficient at it.