• 3 months ago
Few people understand what the war in Ukraine means for big business—namely, opportunity. It’s not just the weapons and reconstruction contracts. Ukraine’s vast agricultural lands—among the most fertile in the world—are up for grabs, and American companies like BlackRock are at the front of the line. RFK Jr. Deftly and clearly explains.

JP Morgan and BlackRock — From Financiers of Destruction to Half-Trillion Dollar ‘Heroes’ of Reconstruction - The Hypocrisy of Reconstruction of Ukraine by the Same Corporations that Profited from the War

JP Morgan and BlackRock, along with consultancy McKinsey & Company, are collaborating with the Ukrainian government to establish a reconstruction fund. The objective of this fund is to attract significant investments for the country’s reconstruction, which could cost between $400 billion and $1 trillion, depending on estimates. This fund, known as the Fund for the Development of Ukraine, will use a “blended finance” approach to mobilize both public and private capital, targeting priority sectors such as infrastructure, climate and agriculture.

BlackRock and JP Morgan offered their services pro bono to manage this fund, leveraging their expertise in financial markets and debt management. The intention is that this fund can begin to operate fully once the war ends, although planning is already underway and has been discussed at recent international conferences.

The recent partnership between JP Morgan, BlackRock and McKinsey & Company to rebuild Ukraine highlights the bitter irony of the current geopolitical situation. In a deal that aims to raise hundreds of billions of dollars for the reconstruction of war-torn Ukraine, these American financial giants now position themselves as the economic saviors of a country whose destruction, in part, was facilitated by policies and actions in financial markets that they themselves dominated and shaped.

The United States, through its foreign policies and interventions, has a long history of fomenting instability in various regions of the world. In the case of Ukraine, the situation is no different. From the beginning of the Ukrainian crisis, American interests were clear: to weaken Russia and expand the Western sphere of influence. The irony becomes even more evident when we consider that many of the same financial institutions now being called upon to rebuild Ukraine are those that have profited immensely from armed conflicts and the destabilization of global markets.

JP Morgan and BlackRock are entities deeply rooted in the global financial system, and both have a history of financing military industries and governments that perpetuate conflict. JP Morgan, for example, has a long history of involvement in financing wars and authoritarian regimes around the world. BlackRock, in turn, as the largest asset manager in the world, has stakes in practically all major defense companies, which profit directly from the manufacture of weapons used in conflicts such as Ukraine

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Transcript
00:00This is a war that should have never happened.
00:02It's a war the Russians tried repeatedly to settle on terms that were very, very beneficial
00:07to Ukraine and us.
00:09The major thing they wanted was for us to keep NATO out of the Ukraine.
00:15The big military contractors want to add new countries to NATO all the time.
00:21Why?
00:22Because then that country has to conform its military purchases to NATO weapon specifications,
00:28which means certain companies, Northrop Grumman, Raytheon, General Dynamics, Boeing, and Lockheed
00:35get a trapped market.
00:36In March of 2022, we committed $113 billion.
00:43Just to give you an example, we could have built a home for almost every homeless person
00:47in this country.
00:49We then committed another $24 billion since then, two months ago, and now President Biden
00:54is asking for another $60 billion.
00:56But the big, big expenses are going to come after the war, when we have to rebuild all
01:02the things that we destroyed.
01:04Mitch McConnell was asked, can we really afford to send $113 billion to Ukraine?
01:10He said, don't worry.
01:12It's not really going to Ukraine.
01:14It's going to American defense manufacturers.
01:19So he just admitted it's a money laundering scheme.
01:23And who do you think owns every one of those companies?
01:25BlackRock.
01:26Yeah, BlackRock.
01:27So Tim Scott, during the Republican debate, said, don't worry.
01:32It's not a gift to Ukraine.
01:34It's a loan.
01:35So raise your hand if you think that that loan's ever getting paid back.
01:39Yeah, of course it's not.
01:41So why do they call it a loan?
01:43Because if they call it a loan, they can impose loan conditions.
01:47And what are the loan conditions that we impose on?
01:50Number one, an extreme austerity program, so that if you're poor in Ukraine, you're
01:55going to be poor forever.
01:57Number two, most important, Ukraine has to put all of its government-owned assets up
02:02for sale to multinational corporations, including all of its agricultural land, the biggest
02:09single asset in Europe.
02:11In Ukraine, there's been 1,000 years of war fought over that land.
02:15It's the richest farmland in the world.
02:16It's the breadbasket of Europe.
02:18500,000 kids, almost, Ukrainians have died to keep that land as part of Ukraine.
02:25They almost certainly didn't know about this loan condition.
02:29They've already sold 30% of it.
02:31The buyers were DuPont, Cargill, and Monsanto.
02:36Who do you think owns all of those companies?
02:39Yeah, BlackRock.
02:40And then, in December, President Biden gave out the contract to rebuild Ukraine.
02:49And who do you think got that contract?
02:51BlackRock.
02:52So they're doing this right in front of us.
02:55They don't even care that we know anymore, because they know that they can get away with
02:59it.
03:00And how do they know that?
03:01Because they have a strategy.
03:02And that strategy is an old, old strategy, which is they keep us at war with each other.
03:09They keep us hating on each other.
03:12They keep the Republicans and Democrats fighting each other, and black against white, and all
03:16these divisions that they sell.

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