Why the Dutch Just Fired BlackRock (And Why You Should Care)
Dear Reader,
Money talks.
And right now, it's screaming.
The Dutch just fired BlackRock from a $17 billion gig. Not because BlackRock can't count money. Because they forgot what money actually wants.
Here's the thing about real money. It hates politics. It hates virtue signaling. It especially hates being told what to do by people who've never risked their own cash.
• The Revolt: Dutch pension funds fire BlackRock from $17 billion mandate because ESG politics trumped profits – proving even Europe's climate-loving investors want returns over virtue signaling
• The Weapon Backfires: ESG was Wall Street's tool to control capital flows and corporate behavior, but it's now driving away clients who prioritize their retirement security over political agendas
• The Real Message: This isn't about climate – it's about who controls your money, and investors worldwide are reclaiming power from financial elites who forgot their primary job is making money grow
The ESG Shell Game
ESG was always a con.
Environmental. Social. Governance.
Sounds nice, right? Like apple pie and motherhood.
But smart money knows better. Smart money asks one question: "What's the real play here?"
The real play? Control.
Not of companies. Not of markets.
Control of YOU.
Follow the Money Trail
BlackRock manages $10 trillion. That's more than most countries' GDP.
They used that power to push ESG down everyone's throat. Made companies jump through hoops. Made investors feel guilty for wanting profits.
Now the tide's turning.
Trump's back. The climate alliance is cracking. And pension funds are asking hard questions.
Like: "Why are we paying you to lose our money on purpose?"
The Dutch Revolt
The Netherlands just sent a message.
$17 billion worth of message.
PFZW didn't fire BlackRock because they're bad at investing. They fired them because BlackRock forgot who they work for.
Hint: It's not the World Economic Forum.
It's not Klaus Schwab.
It's the people whose retirement money is on the line.
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What This Really Means
This isn't about climate change.
This isn't about saving the planet.
This is about who controls capital. Who decides where money flows. Who gets rich and who gets poor.
For years, BlackRock played puppet master. They used ESG scores like a report card. Good companies got capital. Bad companies got cut off.
But here's what they missed: The puppets are fighting back.
The Real Game
I've been warning about this for years.
The financial elite want to control every dollar. Every investment. Every decision.
ESG was their weapon of choice.
But weapons can backfire.
Now we're seeing the backlash. Not just in America. In Europe too.
Even the Dutch – who love their bike paths and windmills – are saying "enough."
What Happens Next
BlackRock will pivot. They always do.
They'll quietly drop the ESG talk. Focus on returns again. Pretend this was all a bad dream.
But the damage is done.
Investors learned something important: You can't trust someone else to manage your money according to their values.
You need to manage it according to YOUR values.
And for most people, that value is simple: Make money. Don't lose money.
The Lesson
The Dutch pension funds just taught Wall Street a lesson.
Money doesn't care about your politics. It doesn't care about your virtue signals.
Money cares about one thing: Growing.
When you forget that, you lose clients.
$17 billion at a time.
The ESG emperor has no clothes.
And everyone's starting to notice.
Robert Kiyosaki
Editor, Money, Power and Profit
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