Latest from Forbidden Knowledge:

This is the story of a robot called Aladdin.

It's Wall Street's best kept secret and is gobbling up every asset class across every industry. Aladdin now controls $21 trillion of our global economy.

To put that in perspective, that's more than the $20 trillion GDP of the US or the $15 trillion GDP of the entire European Union.

The New Statesman wrote the total physical cash of all seven billion people and every company bank vault wallet and piggy bank in the world is around $5 trillion. Aladdin has grown into a system responsible for more than four times the value of all the money in the world.

This one robot directs the actions of the US Federal Reserve, almost every major bank and investment fund on Wall Street and over 17,000 traders.

It controls half of all ETFs, 17% of the bond market, 10% of the global stock market and carries out a quarter of a million trades every day and billions of forecasts every week, year after year.

It hoovers up trillions of data points on every market, every company, every asset – and now, even each of us; what we buy, sell and say, so that it knows what to buy and what to sell far better than any human being.

Every major bank, company and investment fund has come to rely on Aladdin and it's all powerful AI and algorithms to beat the market. And if they didn't, they've collapsed and failed in Aladdin's wake. And you know what the craziest part of this story is? This robot is just getting started.

So where did Aladdin come from and how did it get so powerful?

Aladdin is the brainchild of Larry Fink, the founder of BlackRock and his total dominance has made his company the biggest shadow bank in the world and the most powerful company on Earth.

This story starts in the 1980s, when Larry Fink was making millions pioneering mortgage-backed securities at Wall Street bank, First Boston.

That's right. The same mortgage-backed securities that caused the 2008 Global Financial Crisis 20 years later. But back in the '80s, he was in an epic Wall Street rivalry with Louis Ranieri at Salomon Brothers, made famous as the big swinging dick in Michael Lewis' book, 'Liars Poker'.

Back then, Larry was making millions for the bank and was on track to be First Boston CEO and then in 1986 an error in the back office computer models led to Larry making the wrong trades and he lost the company a hundred million dollars.

The result was Larry leaving the bank as a failure with the stupid computer to blame.

#wallstreet #aladdin #blackrock #larryfink #finance

https://forbiddenknowledgetv.n....et/blackrock-aladdin