BlackRock, in collaboration with Goldman Sachs, has agreed to acquire a majority stake in the Balboa and Cristobal ports at either end of the Panama Canal from Hong Kong's CK Hutchison Holdings for approximately $19 billion. This acquisition aligns with strategic US efforts to counter China's influence over the canal and the region, as extensively outlined by US President Donald Trump in recent months.
On March 4,
2025, Trump praised this as his latest tremendous, beautiful, and incredible deal to the US Congress, referring to it as
the US "reclaiming" the Panama Canal. And, warp speed—we haven't even started, and so on. BlackRock's CEO, Larry Fink, a devoted globalist of the Davos cult, has been involved in various Trump initiatives,
and his latest acquisition seamlessly intertwines BlackRock's
interests with US geopolitical objectives. Nothing could possibly go wrong: everything within BlackRock, nothing outside BlackRock, nothing against BlackRock. Not even two months in office, and already incredible. Perfect deal.
» One way or the other, we’re going to get it. «
The Art of the Deal.
Great job, Donny; Waltz, Rubio, Hegseth, brilliant. Without a single shot and only a little taxpayer money. Exemplary. Checkbook diplomacy, corporatism, and plutocracy at their finest. Very clever. And a deal with the Greenlanders may finally compensate BlackRock for its misinvestment in Biden's Project Ukraine. Let's see how the UKR rare earths, Nord Stream 2, and this Canada thing play out. Now, if only these issues with the Gaza Casino Beach Resort could be resolved, Jared and Ms. Adelson would be really delighted. And you might very well end up with the Nobel Peace Prize, going down in history as Trump, The Peace President. Never mind, whatever is good for the Goldmans, the Musks, and the BlackRocks is sure good enough for your MAGA crowds.
» I reject in the name of Panama and all Panamanians this new affront
to the truth and our dignity as a nation. Trump is lying again. «
José Raúl Mulino, President of Panama, on Trump's MAGA show to the Congress.
However, on March 5, Panama's President José Raúl Mulino accused President Trump of lying in his congressional address when he declared his administration was
"reclaiming" the Panama Canal.
» Truth is reality. The canal is and will always be Panamanian. «
José Raúl Mulino, President of Panama, March 6, 2025.
Panama asserts full control over the canal, arguing that the Chinese group's port operations do not equate to Chinese control over the waterway. The government called the sale a private transaction and dismissed any notion of US "reclaiming" the canal. Mulino rejected claims that the deal was due to US pressure, posting a message on X: "I reject in the name of Panama and all Panamanians this affront to the truth and our dignity as a nation," and accused Trump of "lying again". C'mon, Stalin Mulino, life is a business, and I pleased my MAGA crowds. Truth is reality.