How BlackRock Ended Up on Both Sides of the Bailout, Feat. Meltem Demirors

<p><span style="font-weight: 400;">The Senate passed $2T in Stimulus. That includes a one time $1,200 check to impacted individuals and….you guessed it, billions and billions for corporate relief. Included in that are hundreds of billions of dollars in corporate bond buying programs. The Federal Reserve has recruited asset management giant BlackRock to administer three of those programs. </span></p> <p><span style="font-weight: 400;">Here’s the kicker. As Bloomberg describes it: “under the arrangement [BlackRock] could buy some of its own funds on behalf of the central bank.” </span></p> <p><span style="font-weight: 400;">Outrage is running rampant, and to help listeners sort through it, @NLW is joined by Meltem Demirors, Chief Strategy Officer at CoinShares. In this conversation, they discuss:</span></p> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">The government mechanics behind the “money printer go brrr” meme </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">The unfathomable failure of US intelligence in seeing the pandemic coming </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">The deficit of leadership across the political spectrum </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">What Blackrock means and why “they’re not even pretending anymore” </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why Twitter memes on their own can’t change the world</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why bitcoin can and should be a gateway and tool for evangelizing more systemic change</span></li> </ul>