Blackrock wants to take all your savings

Larry Fink, CEO of BlackRock, recently published an article revealing in the Financial Times on his vision of “globalization 2.0”. This new approach aims to lead citizens' savings to investments in local infrastructure, under the leadership of asset managers like Blackrock.

Globalization 2.0 according to BlackRock

Larry Fink, the CEO of Blackrock recognizes that the first globalization has caused multiple problems. The increase in wealth inequalities is at the top of the list. However, its solution could worsen the situation rather than improve it.

The CEO of Blackrock criticizes the economic nationalism Current, in particular Trump's customs duties. He considers these measures to be an inadequate response to the problems of globalization. Thus, it pleads for a different approach combining open markets, national benefits and workers' protection at the local level.

Its definition of globalization reveals its intentions : “With globalization, money often runs after international yields without necessarily benefiting local populations. »» Therefore, his solution is to direct citizens' savings to local businesses and infrastructure. This approach would theoretically allow local populations to benefit directly.

The BlackRock plan to monopolize your savings

Blackrock's strategy is based on several fundamental pillars. The first is to help more people become investors. Larry Fink takes the example of Japan, where tax changes now encourage more retirement investments.

L'Automatic registration for pension funds constitutes the central element of the device. Maria Louise Albuquerque, architect of the European Savings Union, revealed that all European workers would contribute by default to these funds. However, these pension funds are generally Managed by asset managers like Blackrock.

In Europe, Larry reiterates the same opinion as the elites: Europeans save a lot but do not invest in Europe. He attributes this to the absence of unified capital markets. Thus, he declares: “If I were a European political official, this union would be my absolute priority. »»

Blackrock wants to finance his ESG agenda

Blackrock believes that $ 68,000 billion will be necessary for infrastructure in the coming years. Neither companies nor governments have this financial capacity. In addition, more than $ 25,000 billion in savings are stored in American banks, and around 13,000 billion in the EU.

The real objective is clearly reflected: Use this savings to finance L'ESG agenda and the United Nations sustainable development objectives. Raj Raalo, CEO of Global Infrastructure Partners (acquired by Blackrock), revealed that the first priority of investment in infrastructure is the decarbonation of the global economy.

Blackrock literally acquires global infrastructure. The company already has a network of 43 ports in 23 countries. An out of 20 maritime container circulating in the world goes through these ports each year. This privatization of infrastructure represents a major geopolitical issue.

Risks for savers

The infrastructure projects that Blackrock wishes to finance have a major drawback: these are illiquid active. The capital invested will be blocked for years. Savers will not be able to sell if they need additional liquidity.

This illiquidity could constitute the Achilles heel of globalization 2.0. No one would accept to block their money for years in an increasingly uncertain world. This is why Blackrock is focusing on automatic retirement registration to get around this natural resistance.

In addition, if savings migrate massively towards these investments, bond yields would increase. This increase would paradoxically make the obligations even more attractive as a savings instrument. Between investing in a speculative start-up in the green energies sector and a 7 %obligation, most savers would choose the obligation.

Bitcoin facing the traditional system

Larry Fink recently made a surprising statement on Bitcoin. He claims that if the United States does not control its debt, America risks losing its reserve currency for the benefit of digital assets like Bitcoin.

This prediction is part of a particular context. By 2030, compulsory expenses and the debt service will exhaust all American federal income. Thus, investors could start to consider Bitcoin as a safe bet than the US dollar.

There tokenization of assets constitutes the other pillar of this transformation. Larry explains that this technology will democratize access to investments. However, BlackRock also wants a new digital identity check system to support this development.

Towards a new financial paradigm piloted by BlackRock

Blackrock's strategy reveals the tensions of the current financial system. On the one hand, governments are massively in debt and can no longer finance infrastructure. On the other, tens of thousands of billions of savings sleep in low -yield accounts.

This situation creates a unique opportunity for asset managers. They can be positioned as essential intermediaries between savings and investment needs. However, this position gives them considerable power on world capital allowance.

Bitcoin could benefit from this dynamic. As a decentralized and liquid intake, it offers an alternative to the traditional system. The stablecoins used to buy cryptocurrencies are also supported by the American government debt. Each purchase of stablecoin therefore indirectly constitutes a purchase of American debt.

Blackrock globalization 2.0 raises fundamental questions about the future of the financial system. While governments are struggling to finance their needs, private asset managers are essential as unmissable actors. Blackrock's strategy invites all citizens to think about how they want to place their money: with private managers like BlackRock or on Bitcoin, a neutral and uncontrollable active?