David K. Lifschultz: New Forms of [Wall Street] Treason?

Letter

Max Keiser does not really understand what the monetary expansion has to cover.

Central banks are transferring wealth from the average person to the likes of Bill Gates and Jeff Bezos – RT’s Keiser Report

You have according to the BIS 600 trillion in derivatives against a 81 trillion dollar world GDP or a multiple of 7. The BIS coordinates only the banks so this figure does not include insurance company derivatives or others in private industry unless a bank is connected to the transaction so it is grossly understated.  Some Swiss bankers tell me it is more like 1.2 quadrillion and others up to 2.5 quadrillion. 1.2 quadrillion gives you a multiple on the world GDP of 14 and 2.5 quadrillion a multiple of 30.

Continue reading “David K. Lifschultz: New Forms of [Wall Street] Treason?”

Subject: Laurence D. Fink

Subject of Interest

Laurence D. Fink serves on the Board of Directors at BlackRock, Inc. He is the Chairman and and Chief Executive Officer. He also leads the firm’s Global Executive Committee. Mr. Fink co-founded BlackRock in 1988. BlackRock is the largest money-management firm in the world with more than $6.5 trillion in assets under his management. In April 2018, Fink’s net worth was $1 billion. He graduated from the University of California, Los Angeles (BA, MBA).

Biography

Black Rock, Inc 

Article: Fund giant BlackRock issues stewardship playbook as a proxy-season test and SEC rulings loom

Article - Media, Publications

Fund giant BlackRock issues stewardship playbook as a proxy-season test and SEC rulings loom

Rachel Koning Beals, 18 March 2020

Fund giant BlackRock has released its stewardship playbook, a rough plan that furthers the industry-rattling pledge for sustainability from its leader Larry Fink earlier this year. Continue reading “Article: Fund giant BlackRock issues stewardship playbook as a proxy-season test and SEC rulings loom”

Article: BlackRock CEO Larry Fink Wants a Kinder, Gentler Capitalism. He Should Look At His Own Investments.

Article - Media, Publications

BlackRock CEO Larry Fink Wants a Kinder, Gentler Capitalism. He Should Look At His Own Investments.

Derek Seidman, 18 January 2018

Larry D. Fink may be the most powerful investor in the world. As founder and CEO of BlackRock, he oversees the investment of around $6 trillion – yes, trillion – in funds. When Fink talks, companies listen. Now Fink appears to be trying to wield BlackRock’s influence for good. In a letter he drafted that he’s sending to CEOs, Fink writes:

“Society is demanding that companies, both public and private, serve a social purpose. To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society.” Continue reading “Article: BlackRock CEO Larry Fink Wants a Kinder, Gentler Capitalism. He Should Look At His Own Investments.”