How BlackRock Makes Money
BlackRock is one of the world's largest investment management companies by AUM.
The company operates as a single business segment. This firm derives most of its revenue from investment advisory and administration fees. In the past year, BlackRock has dealt with repercussions from two public firings of executives who had romantic relationships.
Besides modest overall YOY gains in revenue, operating income, and net income, BlackRock also saw an operating margin of 38.2% in 2019, as compared with 38.4% in 2018. Perhaps most notably, end-of-year assets under management climbed by an impressive 24.3% YOY as of the end of 2019.
BlackRock's Business Segments
As indicated above, BlackRock operates as a single business segment and does not report on income for individual parts of its business. However, it does divide its revenue according to categories for "Investment advisory, administration fees, and securities lending revenue," for "Investment advisory performance fees," for "Technology services revenue," for "Distribution fees," and for "Advisory and other revenue."
moar here
https://www.investopedia.com/articles/markets/012616/how-blackrock-makes-money.asp
The Exchange Stabilization Fund (ESF)
consists of three types of assets: U.S. dollars, foreign currencies, and Special Drawing Rights (SDRs), which is an international reserve asset created by the International Monetary Fund.
The ESF can be used to purchase or sell foreign currencies, to hold U.S. foreign exchange and Special Drawing Rights (SDR) assets, and to provide financing to foreign governments. All operations of the ESF require the explicit authorization of the Secretary of the Treasury ("the Secretary").
The Secretary is responsible for the formulation and implementation of U.S. international monetary and financial policy, including exchange market intervention policy. The ESF helps the Secretary to carry out these responsibilities. By law, the Secretary has considerable discretion in the use of ESF resources.
The legal basis of the ESF is the Gold Reserve Act of 1934. As amended in the late 1970s, the Act provides in part that "the Department of the Treasury has a stabilization fund …Consistent with the obligations of the Government in the International Monetary Fund (IMF) on orderly exchange arrangements and an orderly system of exchange rates, the Secretary …, with the approval of the President, may deal in gold, foreign exchange, and other instruments of credit and securities.
https://home.treasury.gov/policy-issues/international/exchange-stabilization-fund
The Federal Reserve and the ESF
https://www.newyorkfed.org/aboutthefed/fedpoint/fed14.html
The Federal Reserve is doing a currency swap with Bank of Korea right about now.
Bank of Korea to offer $12 bln in dollar lending from Fed currency swap
https://www.reuters.com/article/health-coronavirus-southkorea-cenbank/bank-of-korea-to-offer-12-bln-in-dollar-lending-from-fed-currency-swap-idUSS6N2BF001
Central bank liquidity swaps
https://www.federalreserve.gov/monetarypolicy/bst_liquidityswaps.htm
So it's easy to see, if you read how this game is going to be played with Blackrock. Larry Fink and his handlers load up the Federal Reserve/Treasury with all the shitty debt that they own and put the Treasury on the hook for the liability. The Federal Reserve, by hiring Blackrock, is being used as a proxy to load this up in both places. The Exchange Stabilization Fund (ESF) is funded by Special Drawing Rights (SDR) that are issued by muh IMF (posted that on friday morning but go ahead and think fake judge Anna Von Reitz figured all this out first..she didn't).