Author F. William Engdahl exposes BlackRock, which controls $9 trillion in assets, and its associates who hold key positions in the US government under the Biden administration, including the Director of the National Economic Council, the Deputy Treasury Secretary, and the Senior Economic Adviser to Vice President Kamala Harris. In March 2019, the New York Fed hired BlackRock to manage its $750 billion primary and secondary purchases of corporate bonds and ETFs in no-bid contracts. BlackRock funneled $75 billion in bailout funds to its own holdings as the Fed authorized it to 'go direct' in choosing winners and losers. The Fed even allowed BackRock to purchase the firm's own ETFs for the Fed's portfolio.

Engdahl says that  BlackRock is involved in the Great Reset and is poised to steer hundreds of billions and soon trillions in investment to their hand-picked "woke" companies, in the name of climate change, and away from the "not woke" such as oil and gas companies or coal.

A virtually unregulated investment firm today exercises more political and financial influence than the Federal Reserve and most governments on this planet. The firm, BlackRock Inc., the world's largest asset manager, invests a staggering $9 trillion in client funds worldwide, a sum more than double the annual GDP of the Federal Republic of Germany. This colossus sits atop the pyramid of world corporate ownership, including in China most recently. Since 1988 the company has put itself in a position to de facto control the Federal Reserve, most Wall Street mega-banks, including Goldman Sachs, the Davos World Economic Forum Great Reset, the Biden Administration and, if left unchecked, the economic future of our world. BlackRock is the epitome of what Mussolini called Corporatism, where an unelected corporate elite dictates top down to the population.