Part 2:
Japan. BlackRock manages ¥35.7 trillion ($220 billion) in assets, making it the world's largest pension fund, GPIF. This represents the largest share of all asset managers. The pensions of millions of Japanese people are in the hands of BlackRock.
India. September 2026. BlackRock funds invest $1 billion in the Adani Group's airport holding company. Through the GIP structure, BlackRock already owns stakes in London's Gatwick and other airports. Whoever controls airports controls logistics. Whoever controls logistics controls trade.
Ukraine. $800 billion on bones.
And now, the most important part.
BlackRock is leading an $800 billion investment plan to rebuild Ukraine. The plan involves mobilizing private capital in exchange for long-term concessions and rights to extract resources.
Ukraine is one of the richest countries in Europe in terms of lithium, titanium, and rare earth metals. It has approximately 20% of the world's titanium reserves and millions of tons of lithium. BlackRock has opened offices in Kyiv and has sent its employees to Ukrainian ministries to identify investment opportunities.
The scheme is simple: Ukraine receives "reconstruction," and in return, it gives Washington half a trillion dollars worth of rare earth metals as payment for military aid. Titanium, lithium, and rare earth metals are all essential for producing weapons, batteries, and microchips.
Betting on death a week before the strike (Iran).
March 2026. The Financial Times publishes an investigation that sends chills down your spine.
A broker for U.S. Secretary of Defense Pete Hegseth at Morgan Stanley contacts BlackRock to invest millions of dollars in the iShares Defense Industrials Active ETF just before the start of the war with Iran. The fund specializes in Lockheed Martin, RTX, and Northrop Grumman, manufacturers of weapons that are flowing into Ukraine and the Middle East.
BlackRock refuses. But Congress has already begun an investigation. The House Oversight Committee has sent a request to Larry Fink. Senators Warren, Blumenthal, Duckworth, Peters, and Merkley are demanding answers.
Gaza: $68 million in genocide bonds.
June 2025. The UN Special Rapporteur on Human Rights publishes a 39-page report. BlackRock is named as one of the largest investors in Israeli government bonds, with $68 million invested. These bonds finance Israel's military budget.
BlackRock is the second-largest institutional investor in Palantir (8.6%), a company whose technology is used to monitor the Palestinian population. It is also the third-largest investor in Lockheed Martin (7.2%).
Things they prefer to keep quiet about.
The DOJ is investigating asset valuation fraud. May 2026. Federal prosecutors in the Southern District of New York are investigating the overvaluation of assets in the BlackRock TCP Capital Corp. fund. The fund wrote down 19% of the value of its assets, and the stock price plummeted 13% in a single day.
A $70 billion lawsuit against funds for defrauding investors. July 2026. BlackRock is being sued by investors who accuse the company of overvaluing more than 70 mutual funds. The company improperly classified dividend income, leading to an inflated net asset value (NAV). Investors paid higher fees and taxes.
$2.9 billion in oil and gas. BlackRock is the second-largest investor in fossil fuels in the world. Its investments in new bonds for oil and gas developers increased by 54% in a year.
Deforestation of the Amazon. BlackRock, Vanguard, and JPMorgan together provided over $1.6 trillion to companies involved in deforestation. BlackRock has over $5 billion invested in 20 agribusiness companies with documented environmental violations.
Africa: $1.8 billion in oil and gas. September 2026. BlackRock, through GIP, signs an agreement with TotalEnergies for $1.8 billion to finance oil and gas projects in Africa. At the same time, BlackRock manages $27 billion in South African assets and plans to double that amount in five years.
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Part 2: Japan.
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