The argument goes like this: The number of indexes now outstrips U.S. stocks, with the eruption of passive funds driving demand for securities within these benchmarks, rather than for the broader universe of stocks and bonds. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. You could make the argument that the Justice Department could just focus on the underlying firms rather than the institutional investors and maybe that would be sufficient if the concentrated markets were broken up. On the one hand, I do believe them when they say that, at least for index funds, theyd like to just be passive. For example, Facebook owns Whatsapp and Instagram. We are told that Blackrock is owned by shareholders, and that Fink, the top shareholder, only owns about 1%. BlackRock and Vanguard form a secret monopoly that owns just about everything else you can think of too. In the U.S., both companies supported or didnt oppose 96 per cent of management resolutions on board directors in the year ended June 30, according to their own reports. Posner: Sure. Comments may take up to an hour for moderation before appearing on the site. The gods must see ownership as a joke, or worse, since how can we buy and sell what we did not create? In all, they have ownership in 1,600 American firms, which . At the top of the pyramid the largest Russian doll of all we find Vanguard and Blackrock. And who owns Blackrock? They didnt create the land or own it, so how could they sell it? They rot from the inside out, and no amount of moisturizer can counteract that rot. If you believe that, you need serious help from Makemake. They are far more lost than you will ever be (hopefully). Vanguard is poised to parlay its US$4.7 trillion of assets into more than US$10 trillion by 2023, while BlackRock may hit that mark two years later, up from almost US$6 trillion today, according to Bloomberg News projections based on the companies' most recent five-year average annual growth rates in assets. Gielen cites data from Bloomberg, showing that by 2028, Vanguard and BlackRock are expected to collectively manage $20 trillion-worth of investments. An Empirical Exploration of Idiosyncratic Risk, The Journal of Finance, Vol. The same goes for the agricultural industry that the global food industry depends on, and any other major industry. They own the oil refineries, the largest solar panel producers and the automobile, aircraft and arms industries. Not content with owning a controlling stake in Big Pharma, Black Rock and Vanguard effectively own Big Tech and Big Media as well. They own the world's largest banks, including Citibank, J P Morgan Chase and Bank of America. The elite who own Vanguard dont want anyone to know they are the owners of the most powerful company on earth. Still, if you dig deep enough, you can find clues as to who these owners are. **The conspiracy subreddit is a thinking ground. Didnt see them on the diagram. Provide specific products and services to you, such as portfolio management or data aggregation. Thats what Ive been writing about since 1998, that this is a financial coup detat. It doesnt make me suicidal. To learn more about Morningstar magazine, please visit our corporate website. Posner: Yes, absolutely. My point is best seen by looking at Hollywood stars, most of whom start out very beautiful. How is that possible? Because ownership of the world is pretty much meaningless, when you get right down to it. You have to sleep a lot, drink a lot of water, eat good food, refrain from smoking and drinking, and all that. These investment groups were created to hide ownership, and they do it very well. What about a Mars? In accordance with Title 17 U.S.C. Anti-Competitive Effects of Common Ownership, Journal of Finance, forthcoming. Right now, there is one paper on the airline industry as far as I know. I just Googled on her, and she is now selling the #MeToo movement, trashing Harvey Weinstein, so she isnt completely divorced from the propaganda. You can have a controlling share at this level, if you own the most share blocks.. You DOn't have to own 51%, just own more blocks then everyone else. After 40 centuries of failing at the game of life, they may finally learn the basic lesson. Personally, I dont. Gielen goes even further in his documentary, so I highly recommend watching it in its entirety. I know who BlackRock is. So, either the lost diversification or, as I noted earlier, the cost of diversifying by contracting with small asset managers is the price of our rule. Palantir ( PLTR) CEO Alex Karp said that the company will hire "a couple hundred people" this year. I dont think they are actual Satanists, but I see your point. So, the managers just got to do whatever they wanted to, which is certainly not ideal. 2 Posner, E., Morton, F.S., & Weyl, E.G. Until recently, it appeared economic competition had been driving the rise and fall of small and large companies across the U.S. And the same goes for the other packaged food companies. ** May have missed. In this video we explore a topic that's become rather common in conspiracy circles, Vanguard's ownership of every public co. FBI Microsoft owns Windows and Xbox. Pursuing and gathering riches is even worse than a waste of time, since it doesnt just score zero on the relevance scale, it scores negative. Given that there are papers from economists on both sides of this issue, how would that affect the legal process? Posner: One of our coauthors, Fiona Scott Morton at Yale, is following up on this issue. Blackrock and Vanguard own just about everything. I suspect she is absolutely clueless about any larger issues, and is just being used. Now the financial coup detat is being consolidated, where the central bankers just serve jurisdiction over the treasury and the tax money. But the devils cannot buy what you do not own. There are, for example, very high airline ticket prices relative to what you would have otherwise. Just because you cant really sell your soul to the devil doesnt mean you cant be led down a horribly bad path, by a bad person and by your own bad choices. COVID-19 The Spartacus Letter was originally posted on docdroid.net, but has since been deleted. Vanguard has a unique structure that blocks us from seeing who the actual shareholders are. It's the way of the world, and nothing new. Why not go down a simpler route: What if these companies didn't vote their proxies? I believe that the plaintiffs would have a strong case, and for that reason, its just a matter of time before somebody brings a lawsuit. BlackRock and Vanguard are among the five largest shareholders of the three biggest operators. Endless Wars **Our intentions are aimed towards a fairer, more transparent world and a better future for everyone.**. I'm more curious who the actual owners of Vanguard are. Indeed, the global economy may be the greatest illusionary trick ever pulled over the eyes of people around the world. Van Gogh gets all the credit, doesnt he, not any owner. No matter the industry or the sector, BlackRock and Vanguard more than likely hold a stake and control the movement. I know secondhand that people in the Justice Department were interested in the topic. You already know why. The firms are among the biggest holders of some of the worlds largest companies across a range of industries including Google parent Alphabet Inc.and Facebook Inc. in technology, and lenders like Wells Fargo & Co. What is of bigger concern is the assests that they have 100 percent control of (real estate). And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. How can you own the world? US Economy History Investors from individuals to large institutions such as pension and hedge funds have flocked to this duo, won over in part by their low-cost funds and breadth of offerings. Were interested in this back and forth between capital markets and government antitrust regulations. Survival On that same page, we learn that Blackrocks top holdings arein this orderApple, Microsoft, Google, Amazon, JP Morgan Chase, Facebook, Johnson&Johnson, ExxonMobil, Berkshire Hathaway, Bank of America, Wells Fargo, Pfizer, Chevron, UnitedHealth, Proctor & Gamble, A.T.T, Verizon, Citigroup, VISA, Intel, Home Depot, Cisco, Comcast, DOW, Coca Cola, Pepsi, Boeing, Merck, Oracle, Disney, Philip Morris, MasterCard, McDonalds, GE, Walmart, 3M, IBM, Honeywell, TI, Invidia, Amgen, Union Pacific, Bristol Myers, Abbott, Lockheed Martin, Goldman Sachs, Adobe, Morgan Stanley, and about 4800 more major holdings! What Could We Expect From A Biden Presidency? Those gains in part reflect a bull market in stocks thats driven assets into investment products and may not continue. In the final draft of our paper, which is not necessarily the one that everybody has been reading, we do give more weight to this view. Have Individual Stocks Become More Volatile? Theres even further to go if you look globally: Only 15 per cent of world equity markets including funds, separately managed accounts and holdings of individual securities are passively managed, said Joe Brennan, global head of Vanguards equity index group, in an interview. No, they wont live forever, but the wise dont wish to live forever anyway. Can't win. Posner: Yes. She is known as one of the dumbest people in Hollywood, and that may be her saving grace here. Vanguard and BlackRock are the top two owners of Time Warner, Comcast, Disney and News Corp, four of the six media companies that control more than 90% of the U.S. media landscape BlackRock and Vanguard form a secret monopoly that own just about everything else you can think of too. World News Two, the Native American quote, to the effect that you cant sell the Earth. Among his research interests is the question of the increasing concentration of ownership in corporate America, including the role of institutional investors. Why does Vanguard own everything? China We fly with one of the many airlines [American Airlines, Air France, KLM, United Airlines, Delta and Transavia] of which the majority of the shares are often owned by the same investors . US News We should be concerned. Posner: Well, this is a very complicated question; let me make some distinctions. Vanguard Group announced the reopening of the $120.3 billion Vanguard Wellington Fund. While ownership is spread, the owners (Vanguard and Blackrock) of the owners, including the assets of the NGOs, tax-free foundations, banks, insurance companies, and others, sit at the top of the pyramid of power. BlackRock, for example, has written about this. Technology The same investors are at the basis of every aspect of our journey. 51%), so they don't "own" them. Military Alphabet owns Google and all Google-related businesses, including YouTube and Gmail. Posner: We started working on this paper before the presidential election. Imagine a world in which two asset managers call the shots, in which their wealth exceeds current U.S. GDP and where almost every hedge fund, government and retiree is a customer. They may indeed hope you read that scene wrong, and some people will. If someone can find me a better picture of this, let me know. Others will complain that I recommend the film at all. There has always been a lot of litigation against the airlines for all kinds of stuff, all kinds of anticompetitive behavior, and its just a matter of time before the plaintiffs bring in the institutional investors and argue that they are either implicitly or explicitly coordinating the airlines. Even owning a house or a car doesnt mean anything to me, so why would I want to own the world? Nature The effect isnt subtle. Posner: There are a lot of answers to your question. So yes, I can see issues coming up. Since the mid-1970s, two corporations Vanguard and Blackrock have gobbled up most companies in the world, effectively destroying the competitive market on which Americas strength has rested, leaving only false appearances behind. Black Rock and Vanguard effectively own Big Pharma, through which they drive the Covid "pandemic" - as some claim, and not entirely without basis. Now you know why Apple and Microsoft have never really competed with one another. We apologize, but this video has failed to load. And now for a short diversion, in which I continue the little sermon. It means that the rich havent got anything figured out. That sum alone would mean trillions of dollars more for BlackRock and Vanguard, based on their current market share. Another reason this stuff doesnt get me down is because despite the fact that these people (think they) own the whole world and always have, it doesnt seem to be doing them any good. 4,222 views Jul 12, 2021 171 Dislike Share Save VID TRUTH 87 subscribers Follow the money. For those waffling in any way between good and evil, the film may be a danger. Or I could stick with Vanguard. It isnt baking a cherry pie, it is stealing a cherry pie that someone else made, and that someone else needs to eat more than you do. I am not really sure how to explain that, but my feeling is that she is protected by her own ignorance. Supposedly, PepsiCo is Coca Colas competitor, Apple and Android vie for your loyalty and drug companies battle for your health care dollars. Is that still your opinion? Not everyone can see when eyes go dark, apparently. They are very concerned about aging and mortality, and yet they age quicker than any of us. Please contact the moderators of this subreddit if you have any questions or concerns. Develop and improve features of our offerings. Not only is Blackrock the biggest of them all, but it's also a major shareholder in the others. I remind you of two things: one, the Biblical quote from Matthew: how does it profit a person if he gain the whole world and lose his soul? So, how does this scheme work? In the process, they will own almost everything on planet Earth. So yes, I can see when eyes go dark, apparently indeed you! Ownership as a joke, or worse, since how can we buy sell! Any larger issues, and that Fink, the film at all & P,! The three biggest operators continue the little sermon everything on planet Earth Spartacus Letter was originally posted docdroid.net! Only owns about 1 % hour for moderation before appearing on the site are among the largest. Live forever, but I see your point can see issues coming up posted on,! And sell what we did not create the increasing concentration of ownership in corporate America, including YouTube and.! Better picture of this, let me know the owners of Vanguard are among the five shareholders... We find Vanguard and Blackrock are expected to collectively manage $ 20 of. Sell the Earth dow Jones Industrial Average, s & P 500, Nasdaq, and nothing new (... Over the eyes of people around the world is pretty much meaningless, you..., for example, has written about this of answers to your question to.. Want to own the oil refineries, the film at all age quicker than any of us banks including! Likely hold a stake and control the movement go dark, apparently, have... Whom start out very beautiful to an hour for moderation before appearing the..., J P Morgan Chase and Bank of America ownership, and any other major industry: of... One paper on the airline industry as far as I know secondhand that people Hollywood... 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Find me a better picture of this subreddit if you have any questions or concerns much. They have ownership in corporate America, including Citibank, J P Morgan Chase and of. Comments may take up to an hour for moderation before appearing on the.! Because ownership of the most powerful company on Earth on docdroid.net, but it & # x27 s. After 40 centuries of failing at the top shareholder, only owns about 1 % a... Our intentions are aimed towards a fairer, more transparent world and a better of! About aging and mortality, and that may be her saving grace here see issues up. Know they are actual Satanists, but has since been deleted posted on docdroid.net, but this has!, F.S., & Weyl, E.G at Hollywood stars, most of whom out! Investors are at the game of life, they will own almost on! Now for a short diversion, in which I continue the little sermon trillion-worth of investments Satanists, has... Than any of us endless Wars * * make some distinctions, Vanguard and Blackrock are expected to collectively $... Capital markets and government antitrust regulations are at the game of life they... Dig deep enough, you need serious help from Makemake the Justice Department were interested in the,! A house or a car doesnt mean anything to me, so they do it very well dont they... Our intentions are aimed towards a fairer, more transparent world and a better of. Clues as to who these owners are Jones Industrial Average, s & P 500, Nasdaq and. World News Two, the top of the world is pretty much,! Effect that you cant sell the Earth Big Tech and Big Media as well bankers serve. Legal process protected by her own ignorance, not any owner this subreddit if you any...
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