Welcome back to the Unlimited Hangout podcast. I'm your host Whitney Webb, contributing editor of

unlimited hangout.com. And today I have a co-host, Mark Goodwin, author of the book, the Bitcoin

Dollar and Unlimited Hangout contributor. Hi, Mark. Hello, Whitney. Thanks so much for having me.

Of course. So while most people have probably heard of BlackRock, the world's largest asset

manager run by Larry Fank, it seems like relatively few people are aware of BlackRock, the world's largest asset manager run by Larry Fank.

It seems like relatively few people are aware that BlackRock has also played a pivotal role

in the largest institutional theft of American wealth in the history of the country. And unfortunately

for us, it seems that the final phase of this now decades-long process of theft is quickly

approaching, enabled in part by the media

manufactured ignorance of one of the greatest financial crimes ever. In this episode of Unlimited Hangout,

we hope to help dispel some of that ignorance. With the 2008 economic crisis, the unusual relationship

between the Federal Reserve and BlackRock began, with BlackRock becoming a government

contractor and informal, quote-unquote,

advisor to the Treasury Department. At the time, concerns were raised that this new role in the public

sector for BlackRock would imperil taxpayers as the asset manager was likely to place its

main driver, generating profit for its private sector shareholders over positive outcomes for the

public and the Treasury.

Even when those concerns were proven right, just a few years after the crash that didn't stop the government from again turning to Black Rock during the next major downturn after 2008,

that downturn, while often framed as beginning with the declaration of COVID-19 as a global

pandemic in March 2020 had really begun

months earlier in September of the previous year when the repo market went haywire, forcing

the Federal Reserve system to intervene. The Fed's intervention, little did the public know, had been

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