The Welcome back to the Unlimited Hangout podcast. I'm your host Whitney Web,

contributing editor of Unlimited Hangout Podcast. I'm your host Whitney Web, contributing editor of Unlimited Hangout.

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 Black Rock, the world's largest asset manager

run by Larry Fank, it seems like relatively few people are aware that Black Rock 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 Black Rock

began with Black Rock becoming a government contractor and informal quote-unquote advisor to the Treasury Department.

At the time concerns were raised at this new role in the public sector for Black Rockwood

and peril 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

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