04/03/2024

Blackrock, the world's largest private equity firm, has been under scrutiny in recent years for their massive housing grab, aggressive push on ESG, investment within the Biden Administration and their unsettling ties to China. Now the big firm is being linked to the immigration crisis?

Here's what we know:

The line between Washington and Wall Street has always been blurry and Blackrock is no exception. Blackrock has hired several policy makers and regulators who served past administrations, like Dalia Blass, who was an official with the U.S. Security and Exchange Commission. Likewise, Brian Deese, a former BlackRock investment executive, now serves on the National Economic Council. Former chief of staff to BlackRocks's chief executive, Adewale Adeyemo, is currently the U.S. Deputy Secretary of the Treasury. And Michael Pyle, who served as BlackRock's global chief investment strategist, is now chief economic advisor to Vice President Kamala Harris.

BlackRock's significant stake in China lies in being its first wholly-owned mutual fund business in the country. While illegal for U.S. investors to own direct shares of Chinese firms, "investors in BlackRock's funds own shares of shell companies set up in the places like the Cayman Islands that have profit sharing agreements with Chinese companies," a Consumer Research letter from 2021 reads. The letter also notes, that under a Chinese law introduced in 2017, the country's companies must comply with government requests for intelligence information.

In 2023, a Congressional Select Committee investigated BlackRock to determine whether they were investing Americans' savings in Chinese companies blacklisted by the U.S. government for security and human rights issues. The committee found that BlackRock had invested more than $429 million across five funds into Chinese companies that "act directly against the interest of the United States."

"Our review has shown that, as a direct result of the decisions made by BlackRock, these Americans are now unwittingly funding PRC companies that develop and build weapons for the People's Liberation Army (PLA) - the PRC's military - and advanced the CCP's stated mission of technological supremacy..." wrote Republican Rep. Mike Gallagher, the Select Committee's Chairman.

With a direct link to the CCP, is BlackRock's housing sweep related to China's massive land grab?

New York has recently announced it will pay homeowners to house illegal immigrants. This includes $125 a day per migrant, per bedroom.That places a $15,000 a month payment from the government to house an illegal immigrant. While BlackRock has been adamant about not purchasing single family homes, the firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single family rentals nationwide. Additionally, BlackRock has been open about it's purchase of retail, office buildings, hotels and apartment complexes.

Many American's have growing concerns regarding where these illegal immigrants are to be housed. Is it possible BlackRock has prefabricated a situation to position themselves for this task? If so, is it possible that what we are looking at is a long term strategic plan to overwhelm our borders by both our current administration and foreign adversaries?