An employee of the world’s largest asset management company, BlackRock, describes how the company attempts to stay out of the media spotlight while buying politicians and profiting off of war, according to undercover footage obtained by the O’Keefe Media Group (OMG).
In footage secretly recorded by undercover journalists in New York, a BlackRock recruiter named Serge Varlay explains how the investment company is able to “run the world.”
“They [BlackRock] don’t want to be in the news. They don’t want people to talk about them. They don’t want to be anywhere on the radar,” Varlay said.
Varlay told a OMG journalist in the footage that BlackRock manages $20 trillion worldwide. “It’s incomprehensible numbers,” he said.
“You can take this big f***ton of money and buy people, I work for a company called Black Rock… It’s not who is the president it’s who is controlling the wallet of the president.
You could buy your candidates. First, there is the senators these guys are f***in cheap. Got 10 grand you can buy a senator. I’ll give you 500k right now. It doesn’t matter who wins, they’re in my pocket.”Serge Varlay
According to Varlay, BlackRock not only buys politicians, but also is profiting off the Ukraine-Russia war, calling it “real f***ing good for business.”
“Ukraine is good for business, you know that right? Russia blows up Ukraine’s grain silos and the price of wheat is going to go up mad,” Varlay explained to the undercover journalist.
“The Ukrainian economy is the wheat market. The price of bread goes up, this is fantastic if you’re trading. Volatility creates opportunity for profit,” Varlay added.
Despite asking the OMG journalist if she was “undercover” based on her questions, Varlay did not know he was being recorded when he shared this information.
According to OMG, he was skeptical of the reporter’s questions because “normal people don’t give a sh**” about BlackRock. “It’s beyond them,” Varlay said.
Blackrock manages over $9.5 trillion worldwide, larger than the GDP of all countries except the U.S. and China.
The world’s largest investment and asset management company has positioned itself as an industry leader in “Environmental, Social, and Government standards” (ESG) investing.
ESG investing is a form of “stakeholder capitalism,” which prioritizes certain “stakeholder” initiatives such as fighting climate change and championing diversity, equity and inclusion policies over maximizing profitable returns to clients.
“Capitalism has the power to shape the society and act as a powerful catalyst for change,” BlackRock CEO Larry Fink said in a 2022 open letter to the company’s clients.
“Stakeholder capitalism is not about politics. It is not a social or ideological agenda. It is not ‘woke,’” Fink said. “It is capitalism, driven by mutually beneficial relationships between you and the employees, customers, suppliers, and communities your company relies on to prosper.”
As a result of BlackRock’s influence, ESG investing is becoming increasingly mainstream, and more and more companies are being held accountable for their ESG performance.