Peak Davos: BlackRock Prepares to Launch Biggest, Most Globalist, Most Europhile Fund Evah

LONDON, ENGLAND - JANUARY 26: A general view of the UK headquarters of BlackRock on January 26, 2017 in London, England. Former British Chancellor George Osborne is to work part-time as an advisor at global investment management firm BlackRock. (Photo by Jack Taylor/Getty Images)
Jack Taylor/Getty

BlackRock — the dubious investment firm which pays ex-UK Chancellor George Osborne £650,000 a year for one day week, for no obvious reason other than his contacts book — is set to launch the world’s biggest, most rampantly Europhile, and arguably most dangerous investment fund.

The €2.1 trillion Pan European Pension Fund is marketing itself as a benign entity which will help EU citizens fund their pensions privately rather than relying on the state.

But, in fact, it represents a hugely ambitious and terrifying power grab by the globalist financial elite — with potentially disastrous repercussions for free markets, entrepreneurship, and consumer choice.

With €2.1 trillion of assets under management — twice more than its nearest rival, the Norwegian sovereign wealth fund — it will have enormous power to dictate how companies are run, the policies they adopt, and indeed whether some of them thrive or die.

Moreover, it will be able to use its power to bully countries — EU member states especially — that don’t toe the globalist line.

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