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IPFS News Link • Stock Market

The Great Reset: BlackRock Is Fueling A $120 Trillion Transformation on Wall Street

• https://needtoknow.news

Climate is the top concern. Sustainable stocks are outperforming the market, which already accounts for $17.1 trillion, because there could be as much as $120 trillion up for grabs. Last year, more than 3,100 investors with $110 trillion in assets under management have signed on to the Principles for Responsible Investment to integrate ESG factors into their investment and ownership decisions. Companies aim to disrupt industries, especially gas and oil, and abolish private property; for example, there are plans to replace personal automobiles with rented electric vehicles. ESG investing is tied to the $5-trillion global transportation industry, the $9 trillion healthcare industry, the $850-billion airline industry, the $600-billion major league sports industry and the $26-billion food delivery segment.

BlackRock first became the No. 1 asset manager worldwide after the US government contracted with it to help resolve the fallout of the financial meltdown of 2008. BlackRock was later put in charge of the Federal Reserve (which has been merged with the U.S. Treasury) in March 2020, executing future acquisitions and trades for the USA.


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