by Phil Butler, New Eastern Outlook:
Ukraine has become a symbol for all those who understand the war; there is money for blood. And there has been no negotiation to end hostilities because the money is and will continue to flow by the tanker load. Let’s briefly examine who stands to gain from the death of hundreds of thousands.
BlackRock and JPMorgan top a list of banking pirates raking in profits because of the shifted economics of the Ukraine conflict. Prices for commodities tied to Ukraine and Russia are making investors in these and other firms ecstatic. However, real profit is on the horizon when government and public sector investments in the war-torn country have soaked up all the financial losses. Financial Times writer Brooke Masters says BlackRock, JPMorgan, and others will step in and take a privileged deal based on their “donation” of advising services. This is how Masters framed the current situation: