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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