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BlackRock manages the assets of pensions and 401ks. They are literally in the business of making returns for the middle class.
by missedthecue 5y ago
BlackRock manages the assets of pensions and 401ks. They are literally in the business of making returns for the middle class.
- Factorium 5y agoThe Fed hired Blackrock to manage the QE program. They are basically in charge of printing US dollars and buying their own assets. And we think crypto is bad... We should just end the Fed and replace it with a giant algorithm, with crowdsourced and transparent consumer price data. Maybe a few humans to keep the lights on, and to figure out how a 4K TV is better 'value' than a 1080p TV, etc.
- missedthecue 5y agoBlackRock was hired to run the feds open market bond operations. BlackRock are experts at buying bonds off the open market which is why they were hired. BlackRock does not have control over the money supply.