Serge Varlay, the senior executive of financial giant BlackRock, fell victim to an prankster and made a series of admissions about how the US political system works.
In particular, in a series of secretly recorded meetings, recruiter Serge Varlay describes how BlackRock, the world’s largest asset manager, is able to “move the world” and that it’s easier to fool when “people are not thinking”.
According to Varlay, US senators can be “bought off” for an amount not exceeding 10 thousand dollars.
“Senators are cheap – you have 10,000, you can buy a senator,” he said, adding:
“You can take this bundle of money and buy people. I work for a company called BlackRock. It doesn’t matter who the president is, but who controls the president’s wallet. You can buy your candidates. First, there’s the senators, those guys are cheap.”
We should note here that after the publication of the video, Serge Varlay’s professional account has been deleted. The BlackRock executive also referred to the war in Ukraine, which he described as “really good for our business.”
“Ukraine is good for business, you know that right?” he said and added:
“Russia is blowing up Ukraine’s grain silos and the price of wheat is about to soar. The Ukrainian economy is the wheat market. The price of bread goes up, this is fantastic if you trade. Volatility creates opportunities for profit.”
According to Varley, it’s “exciting when shit goes wrong.” “So what do you do if you’re a trading company?” the BlackRock executive said.
“The moment the news comes, within a millisecond, you’ll bet on whoever is the wheat supplier. In their stocks. Within an hour or two they’ll be launched and then you sell. You just make, I don’t know, some millions. The Ukrainian economy is very much tied to the wheat market, the world wheat market, bread prices, you know, literally everything goes up and down. This is fantastic if you trade. Volatility creates opportunities for profit. War is really good for business,” he further explained.
As Post Millennial notes, Varley also described himself as someone who “decides people’s destinies.”
“Every day is a crazy day, I’m literally deciding how someone’s life is going to be,” he said.
“I’m not really a finance person, I just know what’s going on because I recruit people who do these things.”
Varlay said banks like BlackRock run the world because “you get stuff. You diversify, you acquire, you keep acquiring. You spend everything you do to get more. And up to a certain point, the risk level is extremely low. Imagine investing in 10 different industries: from food to beverages to technology. If one of them fails, it doesn’t matter, you have nine others to back you up.”
Finally, Varlay said that once you “have a little bit of everything, you can get that bundle of money and then you can start buying people.”
