BlackRock: Taking Your Money, Betting On Red China
Regular readers of ConservativeHQ.com may recall our 2020 series of articles about financial giant BlackRock and its “woke” CEO Larry Fink.
Our friend Frank Gaffney and the Center for Security Policy’s Committee for the Present Danger – China connected some truly frightening dots for us in his article “Year Of The Rat Fink – Investment Firms Selling Out America” which exposed BlackRock, Inc. Chairman and CEO Larry Fink.
As Mr. Gaffney explained, BlackRock, Inc., with its estimated $7 trillion under management, has repeatedly placed the interests of America – and, for that matter, those of his clients – second to his own agendas and interests. The most worrying of the latter are his sustained, concerted and personally lucrative efforts to promote investment in the PRC. They have, over time, had the effect of enriching and enabling the Chinese Communist Party (CCP), its corporate fronts and the malevolent activities in which they have long engaged – to the grave detriment of this country, its security, and values.
Fink is on the Board of Trustees of the World Economic Forum and features prominently in its programs. Indeed, this year, he used his remarks at the Forum’s conclave in Davos to promote the priority his firm would be giving to environmental, social and governance (ESG) principles over return on investment. And in his annual letter to global CEOs released last January, Fink actually threatened those who disagreed with that priority: “…We will be increasingly disposed to vote against management and board directors when companies are not making sufficient progress on sustainability-related disclosures and the business practices and plans underlying them.”
Fink’s strong-arm tactics to impose his globalist climate-change agenda are, of course, rooted in a bid to destroy the fossil fuel industry – and, as such, are fundamentally at odds with MAGA movement economic nationalism.
But there is another, even more troubling aspect of Larry Fink’s globalist agenda that Mr. Gaffney exposed in his article: Fink’s history of advancing the economic and military interests of Red China.
Now, our friends at Consumers’ Research have released a television ad exposing the close connections between American money management company BlackRock and the Chinese Communist Party.
The ad begins a multi-million-dollar campaign and highlights the ties between BlackRock and the Chinese government including BlackRock’s investment of billions of American pension dollars into China’s economy, propping up its communist leaders and funding companies the Chinese government uses to extend its control both at home and abroad. The ad also exposes BlackRock CEO Larry Fink for his role in taking American money and betting it on China.
“No amount of woke posturing can hide what BlackRock is really up to. The idea that an American company is taking billions of dollars and using it to bet on China’s success is extremely concerning,” said Will Hild, Executive Director of Consumers’ Research. “We cannot allow this to continue. Funneling Americans’ hard earned retirement savings to China is unsafe from both a national security and financial perspective.”
The ad, titled “Betting on China”, will air nationally on cable tv news and business networks, with an emphasis on New York City and Washington, D.C. There will also be billboards in New York City and a targeted digital component.
“We cannot let executives like Larry Fink try and tell Americans how to live while simultaneously cozying up to one of the world’s leading human rights abusers,” said Hild. “By putting BlackRock’s shady dealings out in the open for all to see, we’re sending a message that companies won’t get away with taking advantage of hard-working Americans. Any company trying to use woke politics to mask their misdeeds should see this campaign and know they could be next.”
Visit BlackRockLovesChina.com for more information, or view the ad here
Chinese Communist Party
C.I.A. Director Willliam Burns
Committee on the Present Danger: China (CPDC)
United Front Work Department
Carnegie Endowment for International Peace
China-United States Exchange Foundation (CUSEF)