BlackRock CEO Larry Fink has stated that Australian lockdowns are necessary until asset prices “reach an acceptable buy-in point.”
The world’s largest investment fund, which has already been active buying up US residential real estate, is looking to pounce on distressed Australian assets and that the only way to do that was with further lockdowns.
“The Economic Zone Formerly Known As Australia has always been a testing ground for globalist policies and has been ground zero for debt slavery through asset prices, but there’s a global pandemic on apparently so that’s made it tough for some people,” Fink said.
“However, unfortunately the time has come for a reckoning and Blackrock stands by ready to do whatever it can to assist Prime Minister Scott Morrison and the property industry to maintain prices. The only way is through continuing lockdowns before we consider getting involved.”
Rival fund Vanguard said they also stood by ready to support the Australian commercial and residential real estate market, and vowed to match any price on assets offered by Black Rock.