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September 1, 2020

The Pandemic Scam, and The Hidden Fleecing of America

The largest transfer of wealth in history is happening right under our noses,

all under the guise of saving the economy. More money has been transferred from the U.S. government to corporations than in the history of our country, far exceeding the amount transferred under the Obama administration in 2008. It goes without saying, but this means corporations are taking taxpayer dollars (dollars from the people) from a willing government without any excuse except that these corporations are “too big to fail” and they need our money to help keep them afloat as a result.  

What the government won’t tell you (or at the very least Donald Trump himself) is that these corporate bailouts actually end up lining the pockets of politicians and government elites with even more than money before, while leaving us, the taxpayers, with nothing. While government elites and corporate execs may claim bailouts are a necessary step in the immediate economic future, the reality is, they’re simply bailing out themselves at the expense of us, the taxpayers. These corporations don’t need this money, they want it; And at the head of it all is a man named Larry Fink.

Larry Fink CEO of Black Rock

Larry Fink started his ventures in the economy at the First Boston investment bank in New York. After losing $100 million in his department Larry Fink decided it was the right time to start his own investment firm, that firm being BlackRock Inc. Fink has done work for the government for years on end via his global investment firm BlackRock, most notably since the 2008 financial bailout when the biggest names in Wall Street turned to the conglomerate for support, including the US Treasury, The Federal Reserve of New York and JP Morgan-Chase Bank. [1] Larry Fink is known throughout Wall Street as having the most financial power of any individual on the planet. [1] 

Fink has an unimaginable amount of power over the U.S. economy, let alone economies across the globe. BlackRock aids in “bailing out failing economies” in several countries, even sometimes at the same time. This all sounds great, BlackRock must be the arbiter of finance and a great hand to turn to when our economic woes get too big to handle alone, but this is simply not the case. BlackRock, a global asset manager, is granted such unlimited power to which it can then pay itself. 

Let’s start with the most egregious example of a vested interest. Boeing was recently one of the labeled corporations that was “too big to fail,” in a bold move, they walked right up to the Federal Reserve asking for $60 billion in handouts, ultimately receiving over $25 billion in private investment money and $100 billion (and more) from governors in an attempt to “keep airlines afloat.” During this time, BlackRock, a corporation with over 34 million shares in the company, or over 6.1% ownership, was controlling the money that got handed to Boeing, essentially paying themselves. Boeing then went on to layoff over 12,000 employees from May to July, and “more to come in August.” This leaves one to wonder, why are we bailing out these corporations with taxpayer dollars if the ones hurt the most during such a “crisis” are the average tax paying workers themselves. That’s the ultimate catch, bailouts have never been about saving the people, they’ve been about paying the CEOs and corporate elites that run these companies

One must ask, what are the numbers? How much money has really been spent during this “pandemic?” Corporations have been bailed out $633.9 billion dollars, with more breaks on the way, this includes bailout money rolling into August. With a listed profit at $110 billion for the U.S. government, shouldn’t the taxpayers be glad about such a successful financial plan? Well there’s a catch. With only $390 billion paid back in direct refunds, the taxpayer is left with just half of what they started with, the rest of the money is put into the faith of the stocks and bonds that are held within these corporations by the government. Furthermore, there are many examples of corporations that will not pay back ANY amount of money that was given during the bailout. CitiMortgage of Missouri, for example, was given just under $800 million in bailout money and is expected to repay nothing. So while certain states and municipalities may have received their taxpayer deposits back, others will just have to bear the brunt of the financial loss that comes with such rampant bailouts. ProPublica reports that as of April 28th, 2020, bailout money has gone to 983 recipients, while only 780 are meant to pay back said investments to the taxpayer. While the government will profit off of what they hope to be a successful stock market in the future, the taxpayer will receive little to none of this money once it is obtained by the Treasury. Bailouts do not lead to a recycling and ultimately rebuilding of local economies, they simply lead to big business getting a nice payout and governments a quick buck while the average taxpayer pays the costs dearly.

This isn’t the only issue that comes with bailouts, however. One piece describes the rampant bailouts of so-called “Zombie Corporations,” or, corporations that should be left to fail because of their faulty business models and failure to keep customers happy and make profits that benefit the economy. One would expect this practice to be minimized when looking to redistribute taxpayer dollars in such a financially critical time, but one would be wrong. The biggest bank bailouts from the 2020 operation have been some of the most critically irresponsible corporations of the last two decades. Though not comforting, this brings no surprise for those that have been following government funding over the past few decades. From the 2001 financial bailouts overshadowed by the events of September 11th, to the bailouts during the market crash of 2008, the Federal Reserve and the U.S. Government has been seemingly fighting against the average tax paying American for years.

Corporate elites and billionaires have benefitted more and more over the past months than almost ever before, whether it was the huge spikes in profit to corporate execs while the small businesses got the brunt of the lockdowns, or the rampant bailouts going straight to CEOs pockets while they continued to layoff thousands of employees, it’s no surprise that the average tax paying American was and will continue to be hit hard by the financial crisis promulgated throughout the Covid-19 hysteria. While in an attempt to save face and give faux sincerity about the burden on the average American, Congress passed the CARES Act “with bipartisan support” giving relief to individuals through the means of a “stimulus check” and relief to small businesses through the means of loans to small businesses. What wasn’t mentioned to the public was the the millions going to hospitals of CEOs, but not the people themselves, the millions that went to the Lakers, a $4.6 million team, instead of actual small businesses, and the essential legislative banning through means of government bureaucracy and imposed limitation on the usage of Hydroxychloroquine to treat Covid-19 patients (which reduces death significantly). The total cost of the CARES Act, a nonrefundable, all-in catch-all policy? $2.2 trillion. The country known for its over $20 trillion in National debt spent 10% of that on an act that gave big business billions, and couldn’t even afford most Americans the amount to pay their rent, fully knowing that hundreds of thousands (if not millions) had been laid off. Hundreds of thousands of small businesses have been forced to close forever, yet big business continues to strive as we move to digital currency and online shopping more than ever.

Finally, we have to look at the overall importance of all that has happened in the last few months. Ask yourself a few questions. Aside from a few personal conversations among your peers, have you heard of these bailouts in the mainstream thought at all? Any word in mainstream news stories? Do you know anyone that has been financially impacted by the lockdown/Covid-19? Anyone that has actually died from it? Have you heard any news about the efficacy of the policies put in place to keep us “safe from this pandemic level threat?” No? Why is that? One can’t necessarily ever truly answer why, but I will attempt to provide a few reasons. First, it’s very clear mainstream thought does not want to carry out discussions on the BlackRock transfer of wealth, the bailouts nor the catastrophic failure that was the lockdown mandate for small businesses and individuals alike. The reason? This was a bipartisan issue. Of course, some mainstream media corporations are pro-Trump, some aren’t, we can all accept that mainstream sources have obvious political bias, but what isn’t told in that statement is the fact that political bias has gotten to the endpoint of a no longer functioning system of journalism. Mainstream news provides benefits to those that follow an agenda, not those that challenge the system or expose the corruption, whether it be left, right or both. This leaves very few pieces and lots of digging necessary for figuring out what is truly going on, even when it comes to our own taxpayer dollars. Second, the Federal Reserve is something not often explained or understood by the general public. One of the most important questions one must ask themself is where does money come from? It doesn’t grow on trees, obviously, but truly, where does it come from? The answer is the Federal Reserve, many don’t even know it exists, let alone what it does and why it’s so important in understanding where our government corruption stems from. What is most important to understand, however, is the fact that the dollar has no true value other than the faith that we the people put into it. This isn’t a concept that’s easy to grasp on the first listen, but the easiest way to explain it is that the dollar is truly only worth a dollar because we believe that it is worth a dollar, there is no tangible trade that I can make with paper money to obtain something physical in exchange. There is no gold or silver backing, no agricultural backing, no oil backing, nothing. It is simply a piece of paper that is, at least as of now, worth less than the paper and cotton it’s printed on, yet we continue to believe and put our faith in its value as the only way to keep our economy afloat, even when it’s rapidly sinking. Third, and most importantly, who’s affected? You. You will be if you haven’t been already. This dollar, this piece of paper that has our collective faith, is taking a massive hit. “The great reset,” as it’s being dubbed, is in full effect. Have you ever wondered why we never really felt like we climbed out of the 2008 recession? It’s because we truly never did, the media simply didn’t report on the financial dips that were continuing even past the massive bailouts and “recovery.” They didn’t report on the fact that the Federal Reserve started bailing out corporations in September of 2019, months before Covid-19 was even a blip in the general public’s mind.

Ultimately, one must understand that the economy isn’t due for a massive uptick, despite what Trump’s tweets claim, our economy is continuously taking hits, and us, the working men and women of America, are taking the brunt of them. The Council on Foreign Relations, a non-profit think tank including members like Larry Fink himself, continuously reports on the failure of the dollar, so it’s no surprise that we’re in due for a much more struggling economy following the end of this Covid-19 hysteria. To end us off, here’s an excerpt from BlackRock’s Larry Fink himself in a New York Times article about the economic damages of Covid-19. “Larry Fink says more pain is in store. Mr. Fink predicted more bankruptcies and higher taxes on a call with clients of a wealth advisory firm. He sees the U.S. corporate tax rate going to as high as 29 percent next year, from 21 percent now, to help pay for government rescue efforts. (He expects the individual rate to rise as well). He thinks many companies will reopen with only half of their staff at the office, which could last for more than a year. And Americans may prove too afraid to take public transport or fly for a long time.” [2]

[1] Larry Fink’s $12 Trillion Shadow 

[2] After the Bailouts, Will Taxes Go Up? 

Further resources important on the issue:

Don’t let anything stop you from being a free and open being, no matter how many people lay down and take what’s coming, at least you know that you weren’t one of the submissives.

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