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Barry O'Kenyan's avatar

There is a difference between a regular company provides products or services and fund managers like blackrock. FMs invest, for a fee, the money that investors give to them to invest and manage. The most obvious example being the super that most have.

However, if they are allowed, or cheated, by using those funds under their management as leverage or collateral to borrow and invest on their own. In that case, the FMs themselves own whatever they invest since it is their borrowed money!

Because of the vast sums that they have to invest., they have political pull.

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Richard Seager's avatar

The thing that my search on Companies House UK made clear was that they had absolutely no assets themselves on their Balance Sheets. But plenty of liabilities.

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Barry O'Kenyan's avatar

blackrock, as i understand it, is a yankee FM.

Multinationals use company structures and tax laws to maximise their returns and minimise their risk.

Balance sheets must balance - A=L+Equity - by definition. Since you said it had no assets, this means that that UK subsidiary of blackrock had transferred its own money to its blackrock daddy in USA, in resulting in negative equity.

Anyway, you need not care about blackrock

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Richard Seager's avatar

Well as you can see above the ML Entity there has quietly been put aside with its liabilities rather than its assets (on Companies House you can check for past PL & Balance Sheets). It's the Equity part that is imaginary.

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Richard Seager's avatar

I've added the balance sheet to the post.

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BDBinc's avatar

Hi Richard (and readers) hope you are all doing Ok .

All PM's and Presidents are central bankster appointed cronies (some more bankster than others like Key whom some have suggested is also related by blood). Blackrock is openly partners with the NZ govt (or you could say to point closer to the relative truth) the Crown NZ govt are openly blackrocks bitches after they took our renewable " green" energy .

The PM is just a media spokesperson for the central bank's nation State corporation( Crown NZ govt), people need to grow out of the nanny State dogma(" democracy"haha).

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Richard Seager's avatar

Whether that is actually the case or not it is effectively the case.

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Coprophilic Wellness's avatar

My regular blowjob slut is away and I misplaced your wife's number, Rich. Send her by in about two hours. Tell her she gets an extra crack rock if she wears your dirty diaper again.

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Richard Seager's avatar

You're sounding very much like my woman hating left wing friends there Coprophilic. So I hope that your pretence at white pride honey trapping is going well.

My wife is too wonderful for you.

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Coprophilic Wellness's avatar

Love me some women, but honey is too sticky. I wouldn't use the word "wonderful," but the average teacher sucks of cock well enough. Your wife, not so much - but desperate times and all ...

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Richard Seager's avatar

My wife is not in Lisbon as you are Roman Albertovich Abalin.

So go fuck yourself.

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Coprophilic Wellness's avatar

WTF?

Put the meth pipe down, Rich.

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Richard Seager's avatar

Typical corporate left/77 screed.

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Richard Seager's avatar

Do fuck off from my blog, you're unwelcome here.

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Richard Seager's avatar

Also your name does not sound "white pride" aye?

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Richard Seager's avatar

But enjoy your "liasons" with your nazi boys. Not too many though as otherwise they might figure your game.

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Coprophilic Wellness's avatar

I don't have a game, but I love that your conspiracy-addled brain cell thinks that I do.

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Richard Seager's avatar

Apologies to everybody else for this interlude. I seem to attract pricks like this one.

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