It is important to understand that the French protests cannot be reduced to mere opposition to the raising of the pension age, as some portrayals in the US suggest. Protesters occupied the Paris HQ of BlackRock.
#BlackRock has heavily invested in commercial real estate ventures, many of which were identified as problematic as far back as 2010, being riddled with CDO bombs that contributed to the US housing market's collapse in 2008.
Unfortunately, these commercial CDOs are now in jeopardy worldwide, and BlackRock has responded by transferring them to French pensioners' accounts. This, of course, means that when these investments inevitably fail, the pensions will be wiped out, all to keep BlackRock afloat.
Unfortunately, these commercial CDOs are now in jeopardy worldwide, and BlackRock has responded by transferring them to French pensioners' accounts. This, of course, means that when these investments inevitably fail, the pensions will be wiped out, all to keep BlackRock afloat.
It is clear that the demonstrations are not merely about the retirement age, but rather the larger issue of BlackRock deliberately setting up French pensioners for financial failure.
Protesters have expressed dissatisfaction with Macron's actions of seizing special powers and raising the pension age without a vote.
Their decades of hard work will lead to their pensions being utilized to maintain the financial stability of Macron's banker associates.
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The media may hide it, but it is important to note that BlackRock has significant influence and ownership not only in the traditional financial sector represented by Wall Street, but also in the emerging cryptocurrency market.
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To understand, we need to go back to the Great Recession. June 11th, 2009.
BlackRock acquires Barclays Global Investors for $13.5B, doubling their assets to roughly $2.7T and giving them access to retail investors and popular ETFs.
The acquisition would expand BlackRock's global reach and product offerings, making them a global investment giant. The deal strengthened Barclays balance sheet after the declining government aid during the 2008 financial crisis.