Based Underground is now a conservative news aggregator AND curated newsletter.
BlackRock CEO Larry Fink and other executives at the company told Wall Street analysts on Friday that they are focusing on inorganic investments following the recent challenges banks across the western world have experienced since last month. This has financial prognosticators diving into their recent moves to see what it could mean for the various markets going forward.
When it comes to reading the financial tea leaves, there are three groups that smart investors look to for hints about what to expect. The first is government. Policies not only affect investments directly but also send cues to big players about which way the winds will turn. The second group is made up of central banks such as the Federal Reserve. Contrary to what they tell the public, their primary goal is to protect their own money with a distant secondary goal being to keep the economy stable.
It’s the third group that doesn’t get nearly as much attention that often gives the best clues about what’s coming down the pike. This group of mega-money managers, which is made up of corporations like Blackrock, Vanguard, and State Street, often have the most direct influence over the financial affairs of individual investors. While governments and central banks can make macro moves to affect industries or economy in general, it’s the money managers who have the most influence over companies big and small.
Moreover, they directly impact investments of individuals by making moves in their retirement portfolios.
This is why Friday’s discussion between Fink and Wall Street analysts is raising eyebrows. While many investors are concerned about the banking industry’s instability, BlackRock sees it as a huge opportunity. According to Business Insider:
Upheaval in the banking sector could create openings for growth in parts of BlackRock like cash management, the firm’s Aladdin technology business, its alternatives business, and its advisory arm, Goldman Sachs analysts led by Alex Blostein said in a note to clients on Friday.
The alternatives business, where managers offer products like private credit and private equity, has been a focus of growth. The Financial Times reported last December that BlackRock had “discussed whether to pursue a takeover of private markets manager Carlyle but decided against it,” citing three people with knowledge of those discussions.
But it isn’t what these huge financial corporations say that gets the most interest. It’s what they exclude from their discussions that often point investors toward smart money. It’s noteworthy that as Fink and others at BlackRock talked of inorganic investments in certain areas, they didn’t mention BlackRock Gold, the wing of the company tasked with investing in precious metals companies. Considering they’ve boosted investments into these companies up to 70% this year, one would think portfolios backed by physical precious metals would be worthy of a mention.
Instead, crickets. Their silence says more than any words they may have uttered.
In an interview with FOX Business, Jonathan Rose, CEO of Genesis Precious Metals, said, “Both gold and silver added 15% to 20% over the last six months, while the overall market was in the range of 2% to 4% growth.”
“Things are just starting to heat up,” he added. “In fact, the long-term projections in the precious metals market could get even higher.”
“And regardless of the Fed’s position, few Americans have faith that the U.S. dollar will strengthen, providing a strong case for allocating a portion of funds to a tangible and secure asset,” Rose added.
If BlackRock, central banks, and governments are looking toward precious metals in general and gold in particular to back their own investments, one might conclude the same for individuals with retirement and wealth to protect.
Most Accurate Pollster From 2020 Drops Final Numbers
by JD Rucker
Atlas Intel, which was hands down the most accurate public poll during the 2020 election, just dropped its final poll of the season. It points to landslide victory for Donald Trump. If Kamala Harris is able to win Minnesota and Virginia, two blue states that are in jeopardy of being…
A Kamala Harris Victory Means Green New Deal Lawfare
by Daily Signal
Expect Kamala Harris’ Justice Department to wage Green New Deal lawfare if she is elected president on Nov. 5. As with every last issue pertaining to this election, Harris has not said much about the substance of her climate policy. But a review of her record suggests she’d be amenable…
The Moral and Spiritual Issues That Demand Our Votes
by Harbingers Daily
As a pastor and a preacher, I want to urge all Christians this election season: Get out and vote. I believe it is our duty as citizens of our state and country, but I also believe it’s especially important given the issues represented in this election. Many of these are…
No Matter the Final Vote, This Election’s Biggest Loser May Be the Legacy News Media
by Just The News
In the sultry days of summer 2020 as Donald Trump contemplated a second term, his aides engaged in a quiet conversation with members of the emerging digital media about an audacious idea. The goal was to bypass the traditional news media who monopolized the White House Correspondents Association press room…
Democrats Unveil Dark, Diabolical Plans to Prevent Trump From Retaking White House – Even if He Wins!
by WND
With results from the 2024 presidential election now imminent, Democrats have been vocal in their plans to subvert the will of the American people and prevent former President Donald Trump from retaking the White House if he pulls out a win over his Democratic rival Vice President Kamala Harris. In…
Trump Doesn’t Rule Out Banning Certain Vaccines if He Wins Election
by The Epoch Times
Former President Donald Trump in a new interview did not rule out banning some vaccines if he wins the upcoming election. “Well, I’m going to talk to him and talk to other people, and I’ll make a decision,” Trump told NBC over the weekend when asked if banning vaccines would…
Trump, Republicans Pin Hopes on Record Early Voting in North Carolina
by Jeff Louderback, The Epoch Times
(The Epoch Times)—In his final North Carolina rally of the 2024 campaign, former President Donald Trump predicted he would win the state where he prevailed in 2016 and 2020. “North Carolina’s reliable for me,” Trump said at Dorton Arena in Raleigh, the first of four stops on Election Day Eve….
If Godly People Don’t Vote, Godless People Will: The Christian Case for Voting
by The Blaze
Do Christians have a spiritual responsibility to vote? Allie Beth Stuckey of “Relatable” and the senior pastor of Lakepointe Church, Josh Howerton, believe the answer to that question is a resounding “yes.” “I’ll gently venture out on a limb,” Howerton tells Stuckey. “I think Christians have a spiritual responsibility to…
Here’s Proof the FBI Protected Biden in 2020, and Why Congress is More Important Than the White House
by PJ Media
You won’t find it reported on the A-section pages of the New York Times or the Washington Post even though it is quite likely the most significant report produced by any investigative committee in Congress since the Church Committee in 1976. For those who need a refresher, the investigative committee…
The Media Made Sure This Election Was Never Going to Be Free or Fair
by The Federalist
The corrupt news media lied to voters on behalf of Democrats over and over ensuring an unfair election. How can we ever return to normal? It’s truly awe-inspiring to watch the news media berate Republicans, down to the very end, over the “free and fair” election we’re most certainly not…
“It’s Not Going to Be Close”: Mark Halperin Says One Key Voter Group Will Decide the Election
by Harold Hutchison, Daily Caller News Foundation
(DCNF)—Journalist Mark Halperin said on Monday that the turnout of women would decide the presidential election between former President Donald Trump and Vice President Kamala Harris. Trump leads Harris by 0.1% in a head-to-head matchup, according to the RealClearPolling average of polls from Oct. 11 to Nov. 3, with Trump’s…
It Was the Night Before the Election, and Everyone Was Freaking Out
by Michael Snyder
(End of the American Dream)—I have never seen so much doubt, worry, anxiety, fear and panic as we approach a presidential election. All over the country, people are freaking out right now. Democrats are freaking out because the early voting numbers are so dramatically different from 2020. Republicans are freaking…
