BlackRock's New Globalization Is A TRAP!! Watch Out For This!

BlackRock's "Second Draft of Globalization" - BlackRock's CEO Larry Fink acknowledges globalization's problems like wealth inequality but proposes solutions that could worsen the situation [1] - BlackRock aims to blend open markets with national goals, concerned that economic nationalism hinders its global influence [8] - BlackRock plans to channel citizens' savings into local businesses and infrastructure, similar to the EU's approach [10] Investment and Financial Implications - BlackRock intends to help more people become investors, using retirement accounts as a vehicle to steer capital [14][16] - The EU's proposed savings and investment union, supported by BlackRock, may lead to auto-enrollment in pension funds, potentially allocating funds to infrastructure projects [20][21] - BlackRock estimates $68 trillion is needed for infrastructure development, seeking to tap into consumer savings to meet this need [25][26] - BlackRock acquired Global Infrastructure Partners (GIP) to invest in infrastructure globally, focusing on decarbonization [27][28] Market and Economic Effects - Rising bond yields, due to decreased demand, could make bonds more attractive and suppress economic activity [35][37] - The illiquidity of infrastructure assets may hinder BlackRock's plans, as people prefer liquid savings in uncertain times [38][40] - Globalization 2.0 may suppress wages while increasing service-related inflation, benefiting corporations with close ties to institutions like BlackRock and the EU [43][44][45] - The current model is unsustainable, and corporations may eventually need to increase wages to domestic labor [47][48]