“War in Ukraine is good for business”

The undercover journalists, an employee of the investment firm BlackRock, published incriminating reports about the business and political frenzy of war. Meanwhile, BlackRock is campaigning with JP Morgan for a reconstruction bank in Ukraine. With a size of $411 billion, there is a “gold rush mentality”.

James O’Keefe, Founder of Investigative Site Project truth, continues to work on exposure for major corporations and lobbies through its new platform, O’Keefe Media Group (OMG). In a new video released on June 20, a BlackRock recruiter speaks candidly to an undercover reporter and offers shocking insight into the methods of investment firm BlackRock.

In the usual fashion Project truth The undercover journalist had several meetings with recruiter Serge Varley, who was responsible for recruiting and recruiting personnel from potential competitors in his position. In meetings, the confident and calculating Varle openly tried to impress his interlocutor, who revealed insights into the dubious business practices of the world’s largest investment firm.

“It’s not who the president is – who controls the president’s purse”

“You got $10K? “You can buy a senator.”

“War is good for business” #BlackRockExposedpic.twitter.com/DZIy1DuZKF

— James O’Keefe (@JamesOKeefeIII) June 20, 2023

“It’s not about who’s president. It’s about who controls the president’s purse strings,” Varle insisted to reporters. When asked who enforces this control, he replied: “Hedge funds, BlackRock, the banks. They run the world.” Varle explained the “financing” of election campaigns.

“Obviously we have a system. First there are senators. Those guys are very cheap. You have $10,000? Then you can buy yourself a senator. I can give you $500,000 right now, no questions asked. But will you do what you have to do?”

“Does it blackrock?” asked the reporter, to which Varle replied, “Everybody’s doing it. It’s not about who wins, because I’ve already got it.” Money is managed by Blackrock. “$20 trillion globally, it’s an unimaginable amount,” says Varle. In fact, BlackRock’s assets under management exceed the gross domestic product of every country except the United States and China.

“War is really good for business. Isn’t it exciting when things go wrong?”

Varle had a very pragmatic and disingenuous opinion about the war in Ukraine: “Ukraine is good for business. You know that, right? As a nation, we do not want the conflict to end. As the war drags on, Russia becomes weaker. Here’s an example: Russia destroys Ukrainian grain elevators. “The price of wheat will go up like crazy,” he said.

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“So what do you do as a trader? The moment the news hits, within a millisecond, you put your trading volume into grain supplier stocks. Within 1-2 hours the stock is skyrocketing, and you sell back and make…I don’t know how many millions.”

The reporter also asked Varley why a news agency would support one side of a war. “Because it’s good for business too,” Varle replied. “I mean, what’s the news? What’s the life of news? They thrive on tragedy, they thrive on things that go wrong. That’s what people want to see. If that happens, it’s a good deal. More viewers. If nothing happens, who’s watching the news? I don’t watch the news. […] It is propaganda”

“The Ukrainian economy is strongly linked to the global grain market,” Varle explained. “The price of bread, really, everything goes up and down. When you’re trading, it’s great. Volatility creates opportunities for profit. War is really good for business. Isn’t it exciting when things go wrong?”

Immense wealth and power

Regarding his function as a recruiter, the reporter described him as a “gatekeeper” who decides who gets what intelligence and who doesn’t. “Yes I am. I decide people’s fate. Day by day, I literally decide what turn some people’s lives will take. […] The whole dominance thing is incredibly interesting from a conceptual standpoint.

Exercising this dominance requires unlimited financial resources. “You get stuff. You diversify your portfolio, you keep buying. Use whatever you earn to buy more. After a certain point, your risk is very low. Imagine you’re invested in 10 different industries, from food to beverages to technology. One of these If you fail, it’s okay because there are 9 more people to carry you. Risk management is inherent in everything. The world of finance is about not letting the money you earn sit. You use it over and over again, which leads to exponential growth. If you own a little bit of everything, that little thing can make so much every year. Makes money, and then you can take that big money and start buying people.

Project truth

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However, the BlackRock recruiter also offered his date investing tips. He shared not only what one should do as opposed to what is publicly recommended, but also the methodology that goes with it. “People who trade and make money do so when they get information. However, this information is usually discussed on a confidential basis before the news reaches the mainstream. If you want to invest smartly, there is a tracker that keeps track of all politicians’ stock investments. If we think the price of a stock is going to fall, we sell as a precaution, wait for it to crash, and then buy back. I don’t know if we’re making money that way, or if that’s the case we’re saving a few million.”

Although Varle seemed unconfident during the conversations, his date’s interest in the matter surprised him: “You’re like an undercover reporter. Ordinary people don’t care about these things, they’re beyond imagination.

The BlackRock recruiter tried to convey a sense that BlackRock was in control and that there was no public interest in the machinations of investment firms, warning that BlackRock “doesn’t want to be in the news.”

“They don’t want people talking about them. You don’t want to be on the radar anywhere. […] I guess it’s because it’s easier to do things when people don’t think about it. ” However, after Varle’s published video, this wish is unlikely to come true for now.

Financial giants emerge from the shadows

Varley’s defamatory video isn’t the only recent case that has brought BlackRock into the public eye. On June 11th, Blackrock CEO Larry Fink posted a video of a discussion event in which he talks about how — in best Mafia style — behavior must be enforced under threat of consequences: “You have to enforce behavior. It doesn’t matter gender, race, or the way you choose to bring your group together. Either way, if you don’t implement the behavior, you will suffer.”

Anyone recalling Ursula von der Leyen’s threats prior to the last Italian elections must not be entirely wrong, as Blackrock’s influence is clearly visible in European politics as well. Blackrock is one of the most important advocates within the EU on Emmanuel Macron, and Friedrich Merz is Blackrock’s former chief lobbyist of the CDU.

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But anyone who thinks BlackRock is a decal of conservative Wall Street capitalism is mistaken, as the financial institution now has great connections in the world of sustainable investments and, yes, it operates so-called “green governance.” Very curious in front This was also mentioned by AfD MP Beatrix von Storch when she asked Economy Minister Robert Habeck if former Blackrock employee Elka Bartsch now headed the Economy Ministry’s policy department. 10 billion euros to Intel for its plant in Magdeburg. Habeck’s answer? No, he doesn’t have that intention because the results don’t go through the policy department. That was enough of a response. Well, dear taxpayers, in your pockets!

But what is 10 billion euros for a giant like BlackRock? Have a nice Monday morning. Very large amounts are in the room, for example, in Ukraine. A few months ago it was announced that Ukrainian President Zelensky had given free rein to set up a “Reconstruction Bank” with consulting firms McKinsey, BlackRock and investment bank JP Morgan. During the ongoing Ukraine Recovery Conference in London, dizzying statistics are leaking out. At least $411 billion This may require However, investors see this as a tragedy rather than an opportunity.

Already in January declared According to Larry Fing, Western investors are “flooding” Ukraine, turning the country into a “beacon of capitalist power to the rest of the world.” The Handelsblatt reported, there is a “gold rush mentality” in Washington, especially in the arms industry. The expectation was that after the war Ukraine would become “Europe’s largest arms hub”. Incidentally, Ukrainian raw material reservoirs are certainly “interesting” for investors.

Larry Fink promised Zelenskyj in January: “If you hire us, we will not create new oligarchies, but a new Ukraine.” Ukraine, home to green investments, the arms industry and investors, has the background to sometimes do what is necessary when in doubt. behavior. But if the war lasts a little longer, that is not a problem either. And then, in the meantime, BlackRock happily continues to make money.

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