jross Posted June 20, 2023 Author Posted June 20, 2023 Blackrock says war is good. They want the war to continue as long as possible. The moment the news hits... they are pump and dumping. Who decides what is note worthy? What is the end game? Profit. What propaganda is being pushed now, and how is it generating profit?
LJB Posted June 20, 2023 Posted June 20, 2023 A vital element in keeping the peace is our military establishment. Our arms must be might, ready for instant action, so that no potential aggressor may be tempted to risk his own destruction. . . . American makers of plowshares could, with time and as required, make swords as well. But now we can no longer risk emergency improvisation of national defense; we have been compelled to create a permanent armaments industry of vast proportions. . . . This conjunction of an immense military establishment and a large arms industry is new in the American experience. . . .Yet we must not fail to comprehend its grave implications. . . . In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist. Dwight D. Eisenhower January 17, 1961
mspart Posted June 20, 2023 Posted June 20, 2023 And not just with the military. That is why the Constitution was written the way it was. The Founders knew what people would do given the opportunity. mspart
Wrestleknownothing Posted June 21, 2023 Posted June 21, 2023 4 hours ago, jross said: Blackrock says war is good. They want the war to continue as long as possible. The moment the news hits... they are pump and dumping. Who decides what is note worthy? What is the end game? Profit. What propaganda is being pushed now, and how is it generating profit? One junior guy who works at Blackrock says it. Not Blackrock. This sounds like a guy trying to impress a girl in a bar. And "they pump and dump" shows a fundamental lack of understanding of what Blackrock is. The vaat majority of their AUM are index funds. They do not make buy and sell decisions. The investors in their funds make buy and sell decisions. Drowning in data, but thirsting for knowledge
Plasmodium Posted June 21, 2023 Posted June 21, 2023 3 hours ago, mspart said: The question is Did you like Ike? mspart I like interstates.
Offthemat Posted June 21, 2023 Posted June 21, 2023 5 hours ago, LJB said: A vital element in keeping the peace is our military establishment. Our arms must be might, ready for instant action, so that no potential aggressor may be tempted to risk his own destruction. . . . American makers of plowshares could, with time and as required, make swords as well. But now we can no longer risk emergency improvisation of national defense; we have been compelled to create a permanent armaments industry of vast proportions. . . . This conjunction of an immense military establishment and a large arms industry is new in the American experience. . . .Yet we must not fail to comprehend its grave implications. . . . In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist. Dwight D. Eisenhower January 17, 1961 And yet, the Company ran rampant during his tenure.
WrestlingRasta Posted June 21, 2023 Posted June 21, 2023 10 hours ago, mspart said: The question is Did you like Ike? mspart Not sure your meaning?
jross Posted June 21, 2023 Author Posted June 21, 2023 10 hours ago, Wrestleknownothing said: One junior guy who works at Blackrock says it. Not Blackrock. This sounds like a guy trying to impress a girl in a bar. And "they pump and dump" shows a fundamental lack of understanding of what Blackrock is. The vaat majority of their AUM are index funds. They do not make buy and sell decisions. The investors in their funds make buy and sell decisions. Does the Fund Manager make the investment decisions? Why did the Blackrock cofounder Ralph Schlosstein say that Blackrock is "the most influential financial institution in the world?" What impact does CEO Larry Fink have on ESG investing as a way to apply non-financial factors like climate change initiatives and DEI programs to the analysis of investments? What is 'proxy voting' concerning 'investors,' and how does this relate to Blackrock's influence? Does BlackRock manage hedge funds (yes, ~40B)? What is this former hedge fund manager describing? https://www.youtube.com/watch?v=gyaPf6qXLa8. Interestingly, Blackrock is criticized both for ESG and wokeness while also criticized for harmful investments. Some say Blackrock belongs in the corporate hall of shame - https://corporateaccountability.org/blog/blackrock-for-2022-corporate-hall-of-shame/. Blackrock has been referred to as the fourth branch of government - https://web.archive.org/web/20220702134344/https://www.bqprime.com/businessweek/how-larry-fink-s-blackrock-is-helping-the-fed-with-bond-buying#bypass-sw I'll stick with my belief that Blackrock manipulates the market, including the method described by the Blackrock employee that fits the industry stereotype.
Wrestleknownothing Posted June 21, 2023 Posted June 21, 2023 15 minutes ago, jross said: Does the Fund Manager make the investment decisions? In index funds, no they do not. Of their $8.6T, 73% is in index funds and cash. Active management only accounts for 27%. And by the way, the guy in the bar trying to get laid claimed they had $20T. So, fine you believe him. Why did the Blackrock cofounder Ralph Schlosstein say that Blackrock is "the most influential financial institution in the world?" Lots of guys says lots of things. I am shocked that the co-founder would talk up his own book. That certainly has no precedence in financial markets. What impact does CEO Larry Fink have on ESG investing as a way to apply non-financial factors like climate change initiatives and DEI programs to the analysis of investments? He offers ESG investments that investors can either choose to invest in, or not. Hilariously, several states have banned Blackrock claiming that ESG investing does not consider only investment factors and therefore violates fiduciary duties, which of course, is a political factor that violates fiduciary duties. What is 'proxy voting' concerning 'investors,' and how does this relate to Blackrock's influence? Proxy voting is one of the most sacrosanct, least meaningful activities in investing. When is the last time a proxy vote made a meaningful difference? In fact the trend of late is to find ways around proxy voting requirements because the reality is that almost no one votes their proxies. Does BlackRock manage hedge funds (yes, ~40B)? 40B? Really? $40B = drop in the bucket. That is a meaningless number if we are talking about influence. What is this former hedge fund manager describing? https://www.youtube.com/watch?v=gyaPf6qXLa8. No idea, because I am not clicking on the link. Interestingly, Blackrock is criticized both for ESG and wokeness while also criticized for harmful investments. Some say Blackrock belongs in the corporate hall of shame - https://corporateaccountability.org/blog/blackrock-for-2022-corporate-hall-of-shame/. Some say? Who are you, Donald Trump? Blackrock has been referred to as the fourth branch of government - https://web.archive.org/web/20220702134344/https://www.bqprime.com/businessweek/how-larry-fink-s-blackrock-is-helping-the-fed-with-bond-buying#bypass-sw Yes, they have. I'll stick with my belief that Blackrock manipulates the market, including the method described by the Blackrock employee that fits the industry stereotype. I know you will. Make sure you lock your doors at night. Larry Fink could be right outside. 1 Drowning in data, but thirsting for knowledge
mspart Posted June 21, 2023 Posted June 21, 2023 6 hours ago, WrestlingRasta said: Not sure your meaning? How old are you? Did you like Ike when liking Ike was a thing? It was apparently a too subtle request for you to age yourself. I can say, I wasn't around when Ike was President or running for President. I'm not saying anymore than that!! mspart
jross Posted June 21, 2023 Author Posted June 21, 2023 (edited) @Wrestleknownothing Is the Blackrock employee talking about index funds, or hedge funds? Hedge Funds. Depends on the many contexts of "influence." If politicians and judges can be bought for thousands,$40B is plenty to influence enough to impact policy and outcome. $100 is enough to manipulate penny stocks... $40B is plenty enough to make a more significant impact on policies, news, impact, and such. Cramer is the hedge fund manager explaining how he manipulated the market. https://www.youtube.com/watch?v=gyaPf6qXLa8 Edited June 21, 2023 by jross
Wrestleknownothing Posted June 21, 2023 Posted June 21, 2023 4 minutes ago, jross said: @Wrestleknownothing Is the Blackrock employee talking about index funds, or hedge funds? Hedge Funds. Depends on the many contexts of "influence." If politicians and judges can be bought for thousands,$40B is plenty to influence enough to impact policy and outcome. $100 is enough to manipulate penny stocks... $40B is plenty enough to make a more significant impact on policies, news, impact, and such. Cramer is the hedge fund manager explaining how he manipulated the market. https://www.youtube.com/watch?v=gyaPf6qXLa8 The hedge funds and Blackrock as he uses those terms are two different things. But as long as you think a guy who works in human resources, knows nothing about investing (or he would not be in HR), and is trying to impress a girl, is a credible source then there is nothing I can do to help you. Speaking of which, if Jim Kramer knew what he was doing as a hedge fund manager then Jim Kramer would be a hedge fund manager. Being a hedge fund manager is VERY lucrative. But Jim Kramer is not a hedge fund manager because Jim Kramer does not know how to be any good as a hedge fund manager. Again, if you find Jim Kramer to be a credible source about hedge funds then there is nothing I can do to help you. Drowning in data, but thirsting for knowledge
jross Posted June 21, 2023 Author Posted June 21, 2023 Since creating and running his hedge fund between 1987 and retiring in 2001, according to the Motley Fool, Jim returned an annual average of 24% (besting Warren Buffet). https://www.fool.com/investing/general/2014/10/06/how-jim-cramer-made-his-millions.aspx I don't watch Mad Money or follow his picks. Given the criticism of Jim, I wonder if the LJIM ETF (Long Cramer, up 7%) and SJIM (Inverse Cramer, down 9%) will hold moving forward. Jim is a real know nothing after all.
WrestlingRasta Posted June 21, 2023 Posted June 21, 2023 3 hours ago, mspart said: How old are you? Did you like Ike when liking Ike was a thing? It was apparently a too subtle request for you to age yourself. I can say, I wasn't around when Ike was President or running for President. I'm not saying anymore than that!! mspart 48
mspart Posted June 21, 2023 Posted June 21, 2023 Oh you're nothing but a baby!! Oops, just aged myself. mspart
Offthemat Posted June 22, 2023 Posted June 22, 2023 17 hours ago, mspart said: Oh you're nothing but a baby!! Oops, just aged myself. mspart Did you like Coolidge? 1
mspart Posted June 22, 2023 Posted June 22, 2023 Ha ha!! OK, we can set a boundary. Coolidge died a few years before I was born. And I am speaking in terms of geological time!!!! mspart 1
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