Our First Step

• 1. First step is to assemble the 8 million people collective.
• 2. Second step is to establish The Sovereign Wealth Authority.
• 3. Third step is to backseat our dependency on the monetary system while establishing a reciprocity-based network as our connection to the land and resources. 

Our first step towards the bold idea of freedom on earth is all three of these things. All you have to do is NEVER FORGET IT.

The lives of our millionaires and billionaires would be in danger if they started an asset management fund for the black community, African Americans or what the Small Business Administration (who I had a bad experience with) refers to as socially and economically disadvantaged individuals.

We're already resilient, so with an 8 million collective aligned to establish funding power we can acquire elusive aspects for the purpose of protecting the rich within the black community. 

What you don't see between numbers #2 and #3 is an outline of the products and services that we would receive for free, but it's very real. The aim is to dissolve financial barriers in our community. This means that our fund will own homes or neighborhoods where you won't have to pay rent or mortgage. It means you will have access to vehicles, tools or equipment without having to rent or lease it. This includes free medical assistance because the fund will own clinics, emergency medical centers and hospitals. We won't stop there as we focus on transportation for long distance travel to make sure you have access to private drivers, jets and planes, buses and other types of transportation that will be free of monetary cost.

To go more into about the idea of a fund or and asset management company, let's talk about a company called BlackRock.

BlackRock, Inc., one of the world’s largest asset management companies, was founded in 1988 by a group of individuals led by Larry Fink, alongside Robert S. Kapito, Susan Wagner, Barbara Novick, Ben Golub, Hugh Frater, Ralph Schlosstein, and Keith Anderson. Initially, BlackRock was a part of The Blackstone Group, a private equity firm co-founded by Stephen A. Schwarzman, where Larry Fink and his team began their journey into asset management. Here's a breakdown of BlackRock’s origins and early development:

Founding Vision and Leadership

Larry Fink, who had a background in mortgage-backed securities, saw an opportunity to create a company that specialized in risk management for institutional clients. His experience at First Boston, where he previously worked, had taught him the value of managing assets while understanding and mitigating risk. With his team, Fink aimed to build a company focused on providing financial solutions grounded in data and risk assessment.

Origins within Blackstone

In 1988, BlackRock was created as a division within The Blackstone Group and was originally called Blackstone Financial Management. The Blackstone Group’s founders, Stephen Schwarzman and Peter Peterson, agreed to support Fink and his team with an initial $5 million to get the asset management division off the ground. This arrangement worked well initially, as it provided Blackstone with a new financial product and gave Fink’s team the resources to start building their proprietary risk management model.

Focus on Risk Management

Larry Fink and his team at BlackRock saw risk management as the foundation of asset management. They developed proprietary risk analysis technology to manage and track risks in real time, which became the cornerstone of BlackRock’s success. This early focus on technology, risk analytics, and quantitative models allowed BlackRock to differentiate itself in a crowded field of asset managers.

One of BlackRock's pioneering products was a tool called "Aladdin" (Asset, Liability, and Debt, and Derivative Investment Network), a comprehensive risk management and data analysis platform that is still central to BlackRock’s operations today. Aladdin helped BlackRock evaluate complex investments and control risk, making it highly appealing to large institutional clients like pension funds, insurance companies, and banks.

Independence from Blackstone

In 1992, as BlackRock’s asset management division began to grow significantly, the need for a separate identity became apparent. Larry Fink and his team negotiated with The Blackstone Group to establish BlackRock as an independent entity, separating from Blackstone but retaining a shared interest. With the spin-off, BlackRock was positioned as a standalone company, and it went public in 1999 under the ticker symbol BLK on the New York Stock Exchange.

Growth and Acquisition Strategy

After going public, BlackRock embarked on a series of acquisitions that propelled it to become a global leader in asset management. Key acquisitions that shaped BlackRock’s growth include:

1. State Street Research & Management (2004) – expanded BlackRock’s U.S. mutual fund offerings.
2. Merrill Lynch Investment Managers (MLIM) (2006) – this acquisition doubled BlackRock’s assets under management, and the company rebranded itself as BlackRock, Inc.
3. Barclays Global Investors (BGI) (2009) – this was one of BlackRock’s most transformative acquisitions, bringing iShares (the largest exchange-traded fund platform) into BlackRock’s portfolio, making it the largest asset manager in the world.

BlackRock’s Influence Today

Today, BlackRock is recognized for its significant influence in financial markets, with trillions in assets under management across various asset classes, including equities, fixed income, real estate, and alternatives. Its products and services are used by individual investors, institutions, and governments worldwide. Aladdin remains a foundational technology, widely used by BlackRock and other financial institutions globally for portfolio and risk management.

In summary, BlackRock began as an innovative division within Blackstone, with a mission to improve risk management and enhance investment outcomes. Larry Fink’s leadership and early focus on proprietary technology, coupled with a strategic growth-through-acquisition model, transformed BlackRock from a modest risk management venture into the world’s largest asset management company. Its unique approach to data-driven investment solutions and strong emphasis on managing financial risk continue to drive its success and global reach today.

Now that you have an idea of what we are going for, we need to know if you're willing to be a part of the collective.