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Fink said that the sanctions against Russia were tantamount to “economic war” on Moscow and said the firm will make efforts to anticipate just how the unfolding crisis will affect investors.
1 posted on 03/24/2022 8:48:57 AM PDT by JonPreston
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To: JonPreston

Um.... the Pot calling the Pot black?


2 posted on 03/24/2022 8:50:04 AM PDT by Safrguns
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To: JonPreston

It looks like the Free Trade experiment pushed by both parties has finally crashed against the rocks. For Fink to acknowledge this is an indication of the hard times ahead.


3 posted on 03/24/2022 8:50:23 AM PDT by JonPreston (Q: Never have so many, been so wrong, so often)
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To: JonPreston
It could also spur economies to develop greater reliance on local manufacturing, according to Fink

Please, NO!

4 posted on 03/24/2022 8:50:51 AM PDT by frogjerk (I will not do business with fascists)
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To: JonPreston

I thought BlackRock was all about the globalist. Wouldn’t this war help “The New world order”?


5 posted on 03/24/2022 8:50:54 AM PDT by cdnerds (Vapingunderground)
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To: JonPreston

Good to hear


7 posted on 03/24/2022 8:51:25 AM PDT by PMAS (Vote with your wallets, there are 80 million of us - No China made, No Amazon)
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To: JonPreston

Uhmmmm......nobody finds this dangerous that unelected hedge fund managers are shaping a governments public policies of our individual liberties?!!!


8 posted on 03/24/2022 8:52:30 AM PDT by blackdog (Today's "disinformation" most often turns out to be tomorrow's facts. )
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To: JonPreston

Other than the Ukraine/Nuclear War cheerleaders, I think most here will be happy, if this is actually true.


9 posted on 03/24/2022 8:53:34 AM PDT by BobL (I eat at McDonald's and shop at Walmart, I just don't tell anyone.)
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To: JonPreston

For there to be an end to the push for “globalization” as we’ve come to know it, “Save the Planet” (by any means necessary) has to go too.


10 posted on 03/24/2022 8:56:35 AM PDT by equaviator (There's nothing like the universe to bring you down to earth.)
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To: JonPreston
BlackRock CEO Larry Fink says Ukraine war spells end of globalization

Every cloud has a silver lining.

11 posted on 03/24/2022 8:57:08 AM PDT by Yashcheritsiy (I'd rather have one king 3000 miles away that 3000 kings one mile away)
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To: JonPreston
https://www.weforum.org/press/2020/09/world-economic-forum-appoints-new-members-to-board-of-trustees-3b4f679708

As of 2 September 2020, the Members of the Board of Trustees of the World Economic Forum are:

Klaus SCHWAB* Chairman of the Board of Trustees, World Economic Forum
Peter BRABECK-LETMATHE,* Vice-Chairman, Board of Trustees, World Economic Forum, Chairman Emeritus, Nestlé SA, Switzerland
H.M. Queen Rania AL ABDULLAH of the Hashemite Kingdom of Jordan
Mukesh AMBANI, Chairman and Managing Director, Reliance Industries, India
Marc BENIOFF, Chair and Chief Executive Officer, Salesforce, USA
Thomas BUBERL, Chief Executive Officer, AXA, France
Mark CARNEY, Finance Adviser on the 26th Conference of the Parties to the Prime Minister of the United Kingdom
Laurence FINK, Chairman and Chief Executive Officer, BlackRock, USA
Chrystia FREELAND, Deputy Prime Minister and Minister for Finance of Canada
Orit GADIESH,** Chairman, Bain & Company, USA
Kristalina GEORGIEVA, Managing Director, International Monetary Fund, Washington DC
Fabiola GIANOTTI, Director-General, European Organization for Nuclear Research (CERN), Geneva
Al GORE, Vice-President of the United States (1993-2001); Chairman and Co-Founder, Generation Investment Management LLP, USA
Herman GREF, Chairman of the Board and Chief Executive Officer, Sberbank, Russian Federation
Angel GURRÍA, Secretary-General, Organisation for Economic Co-operation and Development (OECD)
André S. HOFFMANN,* Non-Executive Vice-Chairman, Roche Holding Ltd., Switzerland
Paula INGABIRE, Minister of Information Communication Technology and Innovation of Rwanda
Christine LAGARDE, President, European Central Bank (ECB)
Jack MA, Alibaba Board of Directors, Alibaba Group, People's Republic of China
Yo-Yo MA, Cellist
Peter MAURER, President, International Committee of the Red Cross (ICRC), Switzerland
Luis MORENO,** President, Inter-American Development Bank, Washington DC
Patrice MOTSEPE, Founder and Executive Chairman, African Rainbow Minerals, South Africa
L. Rafael REIF, President, Massachusetts Institute of Technology (MIT), USA
David M. RUBENSTEIN, Co-Founder and Co-Executive Chairman, Carlyle Group, USA
Mark SCHNEIDER, Chief Executive Officer, Nestlé, Switzerland
Tharman SHANMUGARATNAM, Senior Minister of Singapore
Jim Hagemann SNABE,** Chairman, Supervisory Board, Siemens AG, Germany; Chairman, A.P. Møller-Maersk, Denmark
Feike SYBESMA,** Honorary Chairman, Royal DSM, Netherlands
Heizo TAKENAKA,** Minister of State for Economic and Fiscal Policy of Japan (2002-2006)
Min ZHU,* President, National Institute of Financial Research, People's Republic of China

*Member of the Governing Board
**Member of the Audit & Risk Committee

12 posted on 03/24/2022 9:00:26 AM PDT by maggief
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To: JonPreston

Local manufacturing isn’t realistic for every country but the good actors of the world should stop trading with countries that are bad actors. Which means it’s all the more important to pull manufacturing out of China now. Russian oil financed their war machine. Chinese manufacturing finances theirs.


14 posted on 03/24/2022 9:01:18 AM PDT by libh8er
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To: JonPreston

So they are going to go straight up Pro-China now? Better than the China-supporting global position they had been working from I guess.


15 posted on 03/24/2022 9:02:07 AM PDT by jz638
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To: JonPreston

These people love chaos. Always the chance for a financial killing.,


16 posted on 03/24/2022 9:06:55 AM PDT by Chad C. Mulligan (qd4)
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To: JonPreston

Suuuuuurrrrrrrrrrre it has.

Coming from the country’s biggest landlord.


17 posted on 03/24/2022 9:07:28 AM PDT by qaz123
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To: JonPreston

That’s one good repercussion of this war.

I thought becoming less dependent on foreign countries and bringing our manufacturing back home was an obvious strategy long before Covid.

Covid and China shutting down and hoarding PPE, disrupting medical drug components, chips etc, should have seen every country in the world trying to become less dependent on China.

Russia dependency for energy and fertilizer and some metals is now driving home the same point.

How many nails do we need in the coffin of globalization before that monster dies?


18 posted on 03/24/2022 9:07:33 AM PDT by DannyTN
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To: JonPreston

So the U.S. should manufacture more of our goods at home? Let’s use an example: fertilizer. Didn’t a guy say bring companies back to America? A guy we hope will come back, himself.


23 posted on 03/24/2022 9:14:22 AM PDT by Son-Joshua (son-joshua)
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To: JonPreston
It could also spur economies to develop greater reliance on local manufacturing, according to Fink.

Good. I said this should have happened because of Covid, when we saw a shortage of essential products (computer chips, medicines, etc.). The US should be the manufacturing powerhouse of the world. The only thing -- the only thing -- we should be importing are the raw materials that we don't already have, or are in short supply here.

25 posted on 03/24/2022 9:14:34 AM PDT by AnglePark
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To: JonPreston

>>>BlackRock CEO Larry Fink says Ukraine war spells end of globalization>>>

Let’s hope it spells the end of BlackRock who shares responsibility for insane real estate prices and resulting property taxes that are drowning people.....

Get outta here fool.


28 posted on 03/24/2022 9:18:02 AM PDT by vespa300
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To: JonPreston

Not the end but its a hit I’d say


31 posted on 03/24/2022 9:40:26 AM PDT by wiseprince (Me,)
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To: JonPreston
If anything, the global supply chain disruptions will encourage the Globalists to intensify their efforts. They now have more money and control than they had previously thanks to the perpetrators of the Scamdemic and the stolen election of 2020.

At the same time, the Globalists have woken up the John Galts of the world:

-Eóin Galt
-Evan Galt
-Giovanni Galt
-Hans Galt
-Honza Galt
-Iain Galt
-Ian Galt
-Ioannis Galt
-Ionel Galt
-Ivan Galt
-Ivanko Galt
-Jaan Galt
-Jan Galt
-Janek Galt
-Jani Galt
-Janko Galt
-Jean Galt
-Jens Galt
-Jhonas Galt
-João Galt
-Johan Galt
-Johann Galt
-Jóhann Galt
-Jóhannes Galt
-Jonas Galt
-Jöns Galt
-Juan Galt
-Juhani Galt
-Seán Galt
-Shane Galt
-Shaun Galt
-Shawn Galt
-Xoán Galt
-Yahya Galt
-Yanka Galt
-Yiannis Galt
-Vanya Galt
-Yohan Galt

32 posted on 03/24/2022 9:40:57 AM PDT by T.B. Yoits
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