Chapter 348 The First Step of the Plan (4743)
Even after Fang Yu left, the trio still felt like they were in a dream.
Attend the BlackRock Hedge Funds & Alternative Investments Conference!
We also need to make thematic exchanges at the conference!
Anyone with a little status in the financial industry will know the value and status of this conference!
It can be said that as long as you get an invitation to this event, it means that the invitee has been recognized by the mainstream financial circle and is qualified to sit at the table.
This is BlackRock!
Despite the recent scandals, this is BlackRock’s important annual meeting!
By the way, it seems that Lao Fang’s Ysou had some unpleasantness with BlackRock some time ago. No wonder he didn’t go and asked us to go.
The trio thought they understood Fang Yu's thoughts.
No one would have thought, no, it should be said that they didn't even dare to think that this was Fang Yu's revenge against BlackRock.
Revenge against BlackRock?
Are you overthinking it? That's the real Capital Cthulhu.
BlackRock is the world's largest asset management company. As of 2062, it managed more than 5 trillion U.S. dollars in assets, equivalent to three and a half months of the U.S. GDP in 2061 and nearly half of the U.S. GDP in the last six months.
It can really be said that he is rich enough to rival a country.
It is very interesting that for a company like this, the founder and several decision-making bosses have never had much voice in the mass media.
Even most non-professionals don’t know who the founder of this company is without using a search engine.
Even if you search, you may not be able to find detailed information about Larry Fink and other founding team members.
No one will tell you that Larry Fink and the Goldman Sachs family are actually in-laws, and his daughter married the heir to the Goldman Sachs family.
Occasionally, there are one or two articles revealing BlackRock's background, and there will always be people who jump out and say that this is a conspiracy theory. In fact, BlackRock is not that powerful. Its market value is only 60-70 billion US dollars, which is not as high as the market value of a certain company.
But they won’t say that in 3058, a detailed introduction about the Fink family was published on the official website of Forbes. In just three days, it was deleted from the entire network, and even the mirror servers of many websites were implicated.
The difference between BlackRock and old money like Goldman Sachs and Morgan is that they do not pursue the hugeness of the company's own nominal assets, but only seek to control the scale of assets.
With only one percent of the wealth, you control ninety-nine percent of the assets.
These assets were basically expanded after the Glass-Steagall Act was repealed 17 years ago.
In 3045, when the Glass-Steagall Act was repealed, BlackRock was just an ordinary asset management company managing more than 30 billion US dollars in assets.
Just a few months after the repeal of the bill, by the end of the year, BlackRock's assets under management had expanded to $165 billion.
Over the next decade, the scale of asset management has skyrocketed, expanding dozens of times to the current 5 trillion yuan.
This shows how much the Crichtons contributed to "them".
The founding team behind BlackRock each holds only a little over 1% of BlackRock's shares, and the remaining large shares are held by investment banks such as Vanguard, State Street, Fidelity, Goldman Sachs, etc.
As well as BlackRock's own index funds and ETFs. (Both of these are BlackRock's own products, and investors use the products they buy to buy BlackRock's own shares.)
These index funds and ETFs are the main purchasing targets of various investment banks, asset management companies, pension funds and other consortiums.
Similarly, BlackRock also cross-holds shares in these companies through various financial instruments.
This extremely complex structure has resulted in nearly $15 trillion in assets being firmly controlled by a very small number of people in capital groups such as BlackRock, State Street, Vanguard, and Goldman Sachs.
This amount of money is not far from the annual GDP of Miami last year.
Although they do not own the money, they have the right to control it.
The power of money comes from its use. Whoever has the right to use it has the power of money.
Although this power is nominally subject to many restrictions and regulations, there is no doubt that restricted power is still power.
Money, like violence, is a form of power.
A warlord who controls an army may not be able to defeat the kitchen staff with his own force, but that does not prevent him from giving an order and tens of thousands of people will obey his orders and use bullets purchased with taxpayers' money to shoot strangers they have never met before.
Similarly, BlackRock, which controls the world's largest capital force, is like this warlord. It does not even need direct orders. With just a little internal communication, it can decide the life and death of a company with a market value of hundreds of billions of dollars.
It can also determine the national economy and people's livelihood of many countries.
This is also the most important reason why some high-ranking officials of the Mai country who have not yet colluded with "them" dare not say anything against the Jude people.
If Fang Yu hadn't caused a big fuss over the UN and revealed the truth about Devil's Island, Blackrock wouldn't have been exposed so early.
Instead, they will be more hidden behind the scenes, exerting influence on more capital forces and ordinary people through ESG, and achieving their own goals like boiling a frog in warm water.
The full name of ESG is Environmental, Social and Corporate Governance. All companies related to BlackRock must implement ESG construction, including: environmental protection, carbon emissions, LGBTQ awakening, neo-fist awakening, racial awakening, identity awakening, and other awakenings, skin color awakening...
All the categories that we think are correct for Youmai Zhengzhi are actually ESG categories, which they call "diversity", "fairness" and "inclusion".
BlackRock is the largest advocate and funder of ESG, and a large number of institutions labeled as diversity and fairness are funded by BlackRock.
All companies that do business with BlackRock must be rated by ESG effectiveness rating agencies and meet BlackRock's ESG requirements.
Even BlackRock will require that the business partners of its business partners must comply with ESG requirements, otherwise they will cancel their business cooperation with the business partners.
As mentioned earlier, the assets controlled by BlackRock are 5 trillion...
Any company that is slightly larger will have direct or indirect dealings with BlackRock.
In this way, BlackRock expects that in five years at most, "diversity" and "inclusion" will be able to become the main contradictions in society.
They go to great lengths to engage in ESG for two main reasons:
The first purpose is to divert the contradiction of the gap between the rich and the poor caused by "them", so that the people can focus their energy on the useless differences in their concepts, and not shift the focus of the struggle to "them".
After all, "their" capital strength has become so strong that it can no longer be ignored, and they can no longer hide in the shadows like they did in the past hundred years.
Since it is impossible to hide, the best strategy is not to bide one's time, nor to strike hard, but to divert the blame elsewhere.
The second purpose is to discipline the world's major physical organizations and people by forcibly shaping a so-called "correct" but flawed value system, gradually disciplining everyone in the world and placing "them" at the top of this narrative logic, so that "they" who own ESG rating agencies have the final right of interpretation of this logic.
In essence, they are shaping the new Brahmans in this world.
This plan was formally formed after the Occupy Wall Street movement five years ago. Although the movement did not cause any real harm, it gave "them" a great shock and made them realize that if they did not shift the focus of the conflict, the fire would sooner or later burn on their heads.
In the same year, the Wharton School of Business, funded by BlackRock, began to promote ESG through academic packaging, saying that companies that focus on diversity and inclusion have stock returns 2-3% higher than their peers each year, attracting large companies to establish ESG systems.
What Wharton says is true, but the “diversity” and “inclusion” that these well-run companies focus on are not the same as the “diversity” and “inclusion” that the ESG rating agencies ultimately promote.
This is a substitution of concepts.
Moreover, whether it is because the company has better performance that it has spare money to engage in diversity and inclusion; or is it because diversity and inclusion lead to better company performance, this is itself a Rashomon.
Originally, this plan was implemented very smoothly. As of this year 3062, 30% of the Fortune 500 companies have established ESG systems.
Although others have not yet been established, BlackRock is confident that as long as it creates a public incident and finds one company to make an example of, there is no need to worry about these large companies not taking the initiative to develop ESG systems.
They regard this year and next year as turning points for ESG. To this end, they have even begun to require all BlackRock-related companies to complete ESG information disclosure within three years starting from this year.
According to the roadmap they set for ESG, by 3066, more than 90% of Fortune 500 companies will have ESG ratings.
If companies that pay their employees implement ESG, then the employees who receive salaries must naturally comply as well, even if this compliance is superficial.
By then, ESG, which seems to be full of loopholes and self-contradictory, and which shouts about fairness and inclusiveness but is neither fair nor inclusive at all, will inevitably trigger a strong conflict of social opinion, and their goal will be achieved.
But who could have imagined that a mysterious ASF would appear, not only causing such a big commotion in the sky above the UN, but also directly blasting the moral high ground they painstakingly built into a basin with a single shot, making the world's attention focus on "them" again.
After Fang Yu exposed the Alcatraz incident, the world's public opinion, consensus, and public perception have undergone subtle changes.
Although this change has not yet caused any substantial harm to "them", it has undoubtedly pushed "them" into a dangerous situation.
It’s like a group of people are partying on the rooftop of a 500-meter-high building, while someone is in the basement using an excavator and a breaker to chisel the building’s foundation.
Moreover, many of the foundation piles have been cracked. It is unknown when the building will collapse, taking the reveling crowd on it with it.
BlackRock is the supporting pillar of this building.
As long as this load-bearing column is broken, under the current delicate situation, it will be enough to trigger a series of chain reactions, causing "their" building to collapse!
"They" have a very clear understanding of this and have taken quick action, mainly addressing the public opinion crisis brought about by ASF from three aspects.
On the one hand, they have increased the promotion of ESG several times, and continued to divert public attention and focus of conflicts by promoting ESG.
Just two weeks after the Alcatraz incident, a mass shooting targeting LGBTQ people occurred in a bar in Orlando, killing 47 people. The murderer was a Tocharian who was born in Jude Hospital on Long Island, New York.
Taking advantage of this incident, large-scale rainbow marches broke out in New York, Gotham, Los Santos, Orlando and other places to protest against hatred and violence against the LGBT community.
On the other hand, “they” are also using various means to investigate who “ASF” is and which organization is behind it.
There are a few organizations in the Middle East that have claimed responsibility for the ASF's actions, but everyone knows that these organizations are just trying to gain attention.
However, the West Ai announced a few days ago that they have obtained some reliable intelligence about ASF and are currently in the investigation stage.
Check it out. It would be strange if you can find it.
The third aspect is the step-by-step media ban. In the early stages, things fermented too quickly and it was difficult to control the spread of news. In that case, we should not control it, but we cannot allow the information to spread all the time. It is not important for everyone to know it. What is important is that people cannot always see it.
Human beings are almost 100% brainwashable. As long as they are not reminded and there are no follow-up reports, the public will naturally forget about the incident.
Even if someone happens to remember to post something on social media, banning these comments at this time will not attract any attention.
Research in attention economics emphasizes that public attention is a limited resource, and the constant influx of new events and topics will quickly squeeze old topics out of the public's view.
Decades ago, in the era of traditional media, research on "perceptual forgetting" showed that when a topic no longer appears frequently in the news, the public's memory of the event will significantly weaken within 6 months to a year.
This is even more true in the age of social media. Even if it is an earth-shattering event, as long as others stop mentioning it, within two weeks, it will be squeezed out by new explosive news and public attention will drop rapidly.
Within a month, as long as no related news emerges, the public will only have a vague tendency towards this matter.
If there were no Y-search and Orange Model, this would have been easily achieved. After all, "they" are the real masters of controlling the media.
But now, thanks to Ysou and the Orange model, this matter has continued to gain popularity on social media.
Over the past two weeks, 30 to 50 percent of the trending entries on Twitter are still related to this incident and its subsequent developments.
For example, someone commits suicide, or someone denies having received a liver transplant, but their doctor's prescription includes anti-rejection drugs.
After the Orange Model opened registration for individual users in the Beimai area, this control became even less effective.
Anyone can get the full picture of the matter by asking the big orange model.
BlackRock contacted Fang's father and son several times through its connections in Da Zhou, hoping that Youzi Technology could control its subsidiaries to cooperate with it in managing the negative comments about the Devil's Island incident.
The previous meeting with Zhou Shuzi in New Port was one of them.
After the last incident, although BlackRock did not suspect Yuzu Technology, it did not dare to put pressure on it personally for fear of leaving more evidence. Fang Yu was happy to turn a deaf ear and dumb.
Therefore, BlackRock is very dissatisfied with Youzi Technology and has already formulated a plan to completely eliminate Youzi Technology internally.
Investing in Qianxun is the first step of this plan!
What a coincidence, Fang Yu has just drawn up a plan to take down BlackRock.
Attending this meeting is the first step of this plan! ——
Yida Cinema.
On the big screen, King Leon Lai, who is already in his forties or fifties, is sitting among a pile of white silk cocoons and playing the flute to show off.
Oh, no, according to the movie, we should be more respectful, this thing is called Shakuhachi.
"Be gentle, there is a living little life inside every cocoon."
"This pupa can't turn into a moth."
On the IMax screen, King Leon Lai had a look of compassion on his face.
Fang Yu curled his lips at the sight. "He just told others to be gentle, and then he took a knife and cut open the cocoon. What a rubbish movie. The pretense is too low."
Tang Yufei rolled her eyes at Fang Yu, and just as she was about to take the popcorn, she felt her hand being grabbed by Fang Yu.
It's true, this movie is really bad. I watched it for more than half an hour and it made no sense at all. There was no logic at all.
The heroine likes his father, and the son likes the heroine. The father commits suicide because he doesn't want to hurt his son's heart. The tattoo artist treats his client's home as his own like a lunatic. In the end, the heroine chooses to marry the tattoo artist in order to let him stay in Gaul.
The whole movie is filled with a kind of hypocritical feeling of whining.
Fang Yu was bored while Tang Yufei was watching with great interest.
Especially when the heroine said, "Love always comes suddenly. Only those who have never loved think that love is a gradual process of emotion." Tang Yufei was obviously touched and hugged Fang Yu's arms very tightly.
While yawning, Fang Yu flirted with Da Mimi on WeChat and took a photo of Liu Feifei and sent it to her.
"She looks really pretty."
When it comes to flirting, Da Mimi is the best experience.
Look, in the blink of an eye, Da Mimi sent Fang Yu a selfie of herself biting her finger in the bathroom cubicle.
"She's not as hot as me."
Those who have worked in Maizi Enterprises should have felt that ESG in Maizi Enterprises or within companies with Maizi business is basically a white terror now, even more disgusting than the "extensive compliance investigation" triggered by the implementation of FCPA by Maizi more than ten or twenty years ago.
The "extensive compliance" more than a decade ago was still about checking whether there were any violations, which objectively did reduce the internal whitening.
Nowadays, you really have to be careful even when speaking about ESG. If you are reported by some so-called "minority groups" or "vulnerable groups", you will basically be in big trouble. Even company executives may suffer from this.
(End of this chapter)
Continue read on readnovelmtl.com
