According to the embedded video Blackrock's founder, Larry Fink, gained notoriety by helping to start the mortgage-backed securities industry. The industry that sliced and diced mortgages off to be sold worldwide.
When the housing market hit the skids in 2008 those mortgage back securities created financial havoc throughout the world.
So the Fed, according to the video, decided to bring Blackrock in to help its quantitative easing program.
Companies like Walmart, Apple, General Electric, other Wall Steel firms could buy access to Aladdin and its computing power. In return those companies shared their logistics, purchasing, sales and other data with Blackrock's Aladdin.
In that way Aladdin can see in real time corporate and consumer behavior. The idea at first was to direct money toward profitable ventures and away from money losers.
But that's when the WEF came in.....
Now does a digital currency make sense? They will know not only what is being sold but who is doing the buying. Blackrock is also heavily invested in China's security sector, effectively turning China into the world's largest prison according to the video.
The final goal is to own all assets in the world.
"He who dies with the most toys wins."
Too bad the United States has no laws against monopolistic practices.
The $31 trillion national debt is about $90,000 per US resident.
The US carries other bad baggage such as excessive regulations, too many lazy and drugged up welfare recipients, etc.
If they take over the world, they lose, as there will be no more growth, therefore only atrophy. Nevertheless, the law of return to the mean applies, and Blackrock will never get anywhere near to it.
As for AI — just more blathering attempts to control an uncontrollable world.
Bookmark
Many young folks start with next to nothing.
One hundred and thirty years ago my Florida property probably had two feet of swamp water on it.
This is just like the TV show Pinky and the Brain. The ai is going to take over the world. Or maybe we are all inside a hologram and we think this is reality. This is too much thinking and I’m getting a headache. LOL
If she is AI, I’m all in...
An endorsement against active investing.
Stepford Beast
I daytrade in stocks. I watch the algos drive stocks towards bankruptcy every day.
“Did you know, when you invest in stocks, bonds, the real estate market and beyond, you are now betting against an AI with trillions of data points you and I will never even have access to?”
This is a silly article/video...
I’m no fan of Blackrock, but if you think you can’t compete against them, that they’ve cornered the market and in the process they’ll do a lot better in the market than you could ever do, the solution is simple - stop wringing your hands and BUY THEIR FUNDS.
Here’s a list of them, and their performance. I don’t see any that regularly beat the market average. If you do, let me know - I’ll jump right on it.
Computers and high end digital tech end up being the beast of the bible. Created by man. A mans number.
> The final goal is to own all assets in the world.
They probably think of it as knowing better for you than you yourself.
More on Aladdin from a Biblical Prophecy perspective:
https://www.rev310.net/post/the-genie-s-out-of-the-bottle
Garbage in, garbage out. I’m smarter than their dumb hunk of junk machine!