US Oligarchs Celebrate BlackRock’s $23 Billion (Uncut) 03-06-2025

US Oligarchs Celebrate BlackRock’s $23 Billion Panama Canal Takeover with the Direct Backing of US

Welcome back, everyone. The Trump administration just celebrated yet another win, as the Panama Canal is now under the control of, no, not of the United States, but more specifically, of BlackRock. BlackRock is the top asset manager in the entire world, and it now announced its acquisition of two key Panama Canal ports, Cristobal and Balboa, as part of a $19 billion deal.

The deal was made with the Hong Kong-based CK Hutchison, and reportedly includes over 40 additional ports. So this means that BlackRock will now control more than 40% of all shipping container traffic that goes through the Panama Canal. And I want to emphasize here, the United States enabled the biggest asset manager in the entire world to take over the Panama Canal.

It’s not the United States owning the canal now. It is a group of extremely wealthy and well-off individuals who have been enabled to do this, to make this deal. This is not US infrastructure.

The Panama Canal is not part of the US infrastructure. It is private property, and it doesn’t belong to the United States. My administration will be reclaiming the Panama Canal, and we’ve already started doing it.

Just today, a large American company announced they are buying both ports around the Panama Canal, and lots of other things having to do with the Panama Canal, and a couple of other canals. The Panama Canal was built by Americans for Americans, not for others. But others could use it.

But it was built at tremendous cost of American blood and treasure. 38,000 workers died building the Panama Canal. They died of malaria.

They died of snakebites and mosquitoes. Not a nice place to work. They paid them very highly to go there, knowing there was a 25% chance that they would die.

The most expensive project also that was ever built in our country’s history, if you bring it up to modern-day costs. It was given away by the Carter administration for $1. But that agreement has been violated very severely.

We didn’t give it to China. We gave it to Panama, and we’re taking it back. This is evidence that business is the top priority, and mutually beneficial deals are being made every single day.

Now, who owns BlackRock? That is the big question. Who is Larry Fink, BlackRock CEO, loyal to? What country did BlackRock invest $33 billion into? We know who. We know who very well.

And that is the beneficiary of this deal. Not an average American, and I will just leave it at that. So it’s estimated that the Panama Canal handles about 10-12% of U.S. container trade.

This includes both imports and exports, and the percentage could be higher for certain regions. For example, the U.S. East Coast. In recent years, approximately 12,000 to 14,000 transits have been made through the canal every single year, with significant container traffic, including bulk goods, liquefied natural gas, agricultural products, fertilizer, and petroleum products.

So those are being transported through the canal. The United States is one of the largest users of the Panama Canal, with a significant volume of imports coming from both Asia and also Latin America. While not all imports come through the canal, a large portion of those that do are from Pacific-facing markets.

Apparently, the deal has been in the pipeline for a long time. You may recall that not too long ago, in January, Donald Trump complained about the Panama Canal being of nearly national interest, and of course, he said that China was running it. This is according to Trump.

And so it needed to be transferred back. It’s not being transferred to the U.S. control. It’s been transferred to the control of a small group of people who serve certain interests.

Trump said, China is operating the Panama Canal, and we didn’t give it to China, he said. We gave it to Panama, and we’re taking it back now. Instead of the United States taking over the Panama Canal, which would have been impossible, of course, BlackRock does it quite elegantly via a simple business transaction that enables the United States to exercise a great deal of control over a key global shipping route.

BlackRock CEO Larry Fink worked closely with the Trump administration to secure this deal and to make it happen. According to Financial Times, to navigate the potential political fallout, BlackRock chief executive Larry Fink briefed senior leaders in the Trump administration, including the president, says Financial Times, to secure their backing for the takeover. One of the people added that the consortium would not have gone forward with this bid if they believed that the United States government would not support the deal.

The Republican Party repeatedly positioned itself against BlackRock. If you recall this, you know there are multiple times when they have been against BlackRock. Now it is clear that when circumstances are right, when certain people are able to benefit from these circumstances, concessions can be made in business and in politics.

And those who attacked each other yesterday will now hold hands today. Now let me give you an example. Here’s a post by VP JD Vance, where he openly says, quote, BlackRock is engaging in illegal and immoral conduct.

Those are his words. Take a look. He says there are two schools of thought within the GOP on BlackRock.

The old guard thinks they are creating value and need to be rewarded with tax cuts. I think, he continues, they are destroying value and are engaged in illegal and immoral conduct. He then concludes they need to be dealt with accordingly.

So my question to you, JD Vance, is what changed? Why did you change your opinion? Why did the Trump administration facilitate this deal if you believed that BlackRock was engaging in immoral and illegal conduct? And so the way that they are being dealt with now is, of course, they are being given not only tax cuts, that’s not enough, but also they’re being given an opportunity of a lifetime because the Panama Canal is a strategic transit point and this is an opportunity of a lifetime to strengthen ties for BlackRock with the government and to enrich themselves and, of course, anyone who’s involved. So this is just business. Now the Panama Canal has a really interesting history and it’s always been in the US periphery.

It’s one of the most significant engineering achievements, by the way, in history, connecting the Atlantic and the Pacific Oceans. The United States has been involved in the area for over 100 years. It saw the strategic importance of the canal for trade as well as for military purposes.

The US helped Panama gain independence from Colombia in 1903 and in exchange for that involvement, it was given an opportunity to secure control of the canal zone through a treaty. The construction of the canal was completed in 1914 and it remained under the US control until 1977. The United States agreed to transfer control of the canal to Panama by 1999 with the Panama Canal Authority officially taking over the operation.

And so the canal was officially handed over to Panama in 1999. With that being said, this is yet another example of how key strategic points, whether it is the Panama Canal, whether it is the Red Sea, the Arctic, will become increasingly important in geopolitics and also in political economy. I do encourage you to do some homework and look into who owns BlackRock to really get a better sense of who benefits from this transaction.

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