History There was an error, please provide a valid email address. If they keep the shine, it is for a reason. Have they reached out to you? Their holdings are colossal. As usual, I am talking to them as well as to you. There are, for example, very high airline ticket prices relative to what you would have otherwise. Ukraine Among them we find the Rothschilds, the DuPont family, the Rockefellers, the Bush family and the Morgan family, just to name a few. 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. They might become smaller. Very few of them age well; and yes, I do think with them you can very often tell who is the worst by who ages the worst. And what that means is that whenever you see. What weve seen is a tremendous effort to bankrupt the population and the governments so that its much easier for the central bankers to take control. So, were approaching this from a different direction. Searching on the foundations of the NYSE, I tripped over the fact that it had been sold in 2012 to ICE. BlackRock Inc. and Vanguard Group already the world's largest money managers are less than a decade from managing a total of US$20 trillion, according to Bloomberg News calculations. What this means: Please keep any "meta" discussion directed at specific users, mods, or r/conspiracy in general in this comment chain only. While Larry Fink is the figurehead of BlackRock, being its founder, chairman and chief executive officer, hes not the sole decision maker, as BlackRock too is owned by shareholders. But the problem is that if they also own rival corporations, they may exert the control over these corporations in a way thats not beneficial to the public. You have to also maintain your spirit. Thats about 20 per cent owned by this oligopoly of three, Bogle said at a Nov. 28 appearance at the Council on Foreign Relations in New York. A Proposal to Limit the Anti-Competitive Power of Institutional Investors, Antitrust Law Journal, forthcoming. There are lots of different solutions. One problem is that people would have to search out and find the small [asset managers]the 1% companiesif they want to be fully diversified. These are deep questions for which there are no easy answers. Riots/Protests What is of bigger concern is the assests that they have 100 percent control of (real estate). Have a question? Now, lets look at Coca-Cola Co., Pepsis top competitor. But taken literally, I think the Bedazzled scriptwriters are correct, perhaps accidentally. These products and services are usually sold through license agreements or subscriptions. BlackRock and Vanguard own everything! This post disappeared from the sub and it doesn't show up when you search for it. Wed like to share more about how we work and what drives our day-to-day business. You would think wealthy people would age better, since they have access to any and all health technology and care. Now, the defense would hire their own experts who would have access to the same data, and they would do their own analysis of that data. Those investors in turn are owned by even larger investment firms, like Goldman Sachs and Wellington Market, which are owned by larger firms yet, such as Berkshire Hathaway and State Street. Now, nothing in law is as simple as it sounds. Didnt see them on the diagram. Furthermore, each of us knows this from birth. What might happen is that someone might bring a lawsuit against institutional investors solely for their effect on the airline industry or for their effect on banking. I mean that even if the gods arent watching or keeping score, you are still ahead of him. Why not? Posner: Im very much in favor of antitrust litigation. That isnt even half of it, as the movie stars and models know. Right now, there is one paper on the airline industry as far as I know. Trying to find a clearer one. Have you ever met or heard of a billionaire who seemed like he had it made? A law professor at New York University, Rock says a variety of legal rules in fact discourage stakes above 10 per cent and he favors creating a safe harbor for holdings up to 15 per cent to incentivize shareholder engagement. I think [the central bankers] are really depending on the smart grid and creepy technology to help them go to the last steps of financial control, which is what I think theyre pushing for, she said. I havent. Baking a cherry pieor creating any other useful or beautiful thingfeeds not only the body but the soul. But it is even worse, since the one who steals it doesnt gain from it. There is certainly a lot of interest among academics and people who are interested in policy, but I suspect the problem of institutional investing will be a long-term issue. The effect isnt subtle. It is the wealthy selling themselves, as usual. Another point is that many people dont own stock. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. Of the top 10 shareholders in Pepsi Co., the top three, Vanguard, Blackrock and State Street Corporation, own more shares than the remaining seven. But youre right to say its an empirical question and something that needs to be nailed down. In turn, they, themselves are owned by shareholders and the most surprising thing is that they own each other's stocks. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. Those could be separate lawsuits. They are far more lost than you will ever be (hopefully). Not only are they the largest institutional investors of every major company on earth, they also own the other institutional investors of those companies, giving them a complete monopoly.. They are both influential groups, but to the extent that the owners use this power is something we'll never know. At the end of the day, it isnt what you own that is important, it is what you create. If you find the dark side seductive at all, dont watch it. Until recently, it appeared economic competition had been driving the rise and fall of small and large companies across the U.S. Far better to come back as a child, and you cant do that without dying. DID BLACKROCK/VANGUARD BUY THE ENTIRE WORLD? BlackRock manages nearly $10 trillion in investments. It is too bad that there arent more people in the index-fund business.. Together, they form an immense network that we can compare to a pyramid, Gielen says. As a legal matter, they might have more responsibility. And I dont just mean you are ahead of him in the eyes of the gods, though I believe that, too. But there are a lot of financial companies Ive never heard of and that maybe Id be nervous about giving them my money. Not everyone can see when eyes go dark, apparently. Supposedly, PepsiCo is Coca Colas competitor, Apple and Android vie for your loyalty and drug companies battle for your health care dollars. Or you can have small institutional investors who could be fully diversified; they can own all the firms in one industry, but they just have to have less than a 1% [market] share. Please contact the moderators of this subreddit if you have any questions or concerns. The gods must see ownership as a joke, or worse, since how can we buy and sell what we did not create? Vanguard is poised to parlay its $4.7 trillion of assets into more than $10 trillion by 2023, while BlackRock may hit that mark two years later, up from almost $6 trillion today, according to. If our rule were put into place, we would predict that the market would segment, and you would see the big institutions like BlackRock divest from all the firms in a concentrated industry except for one and increase the stake in that remaining firm. At some point in history, these people will realize that world ownership isnt all its cracked up to be. Given that theyve grown so big because their fees are so small, these are the kinds of monopolies that dont keep me up at night, said Thaler. Looking at the ownership stakes of Vanguard and BlackRock today, its already approaching 6% to 7% of each company. ICE was backed by Goldman Sachs and Morgan Stanley at its startup in 2000, and we are told by mainstream sources that Sprecher gave 80% control to them. Have Individual Stocks Become More Volatile? 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. Education News Gielen goes even further in his documentary, so I highly recommend watching it in its entirety. Eric Posner: I was brought in by Glen Weyl, who is an economist at Microsoft Research. The people that we think we are voting for are already owned by these 2 companies. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. But I did find some information that is not hidden which is very interesting. Yes, they all own shares of these companies, and lot of shares (typcially a 20%-30% stake) they do not have a "controlling" stake in any of these companies (i.e. Im quite struck by the bind that institutional investors find themselves in. They might have a stronger incentive to do that. You can only channel them or block them. No line going to the bottom toshiba,cat, etc.. box. Glen and I are writing a book now, which will come out in early 2018, in which we discuss a range of problems with the modern market economy in the United States and in developed countries generally. Alphabet owns Google and all Google-related businesses, including YouTube and Gmail. I do like that Vanguard's primary interest is keeping the owners of their funds happy as opposed to shareholders, though that doesn't necessarily mean that Blackrock's intentions are bad. And the same goes for the other packaged food companies. Theyre not allowed to be passive. Posner: Yes. Why? There are some deep questions that the debate about institutional investors doesnt really get to the heart of. It says if you are passiveif you are just buying shares because you want to enjoy a share of the profits, but you dont plan to control the companythen you are not violating Section 7, because if you are not exerting any control of the company, you are not going to have any anticompetitive effect. You see people on TV or in movies wishing they could trade places with the rich, but to me that is just more salesmanship. Orders to Kill Dr. Martin Luther King: The Government That Honors MLK With a National Holiday Killed Him, Send a tax-deductible donation to the OCA. So, Vanguard doesn't own any companies; the fund's shareholders do. US News BLACKROCK & VANGUARD These institutional investors are mainly investment firms banks and insurance companies. You wont be surprised by what I found first: his grandfather was an Orthodox Jewish immigrant who was one of the founders of the New York Stock Exchange. You had all these owners who didnt exert any influence over the corporation or the other shareholders. Were permanent long-term holders and, given that, we have the strongest interest in the best outcomes. Their size could also help companies change for the good. Theres no doubt that gas prices went down because of [John D.] Rockefellers consolidation of the oil industry. **The conspiracy subreddit is a thinking ground. We're all part of a big family, and one of the biggest lies pushed by the ultra-greedy that people believe is that we aren't.Also, I recommend learning about BlackRock's AI monster that controls over 21 Trillion dollars worth of assets. As with Pepsi, the majority of the company shares are held by institutional investors, which number 3,155 (as of the making of the documentary). It would be good to see somebody do a rigorous analysis of this based on comparative work, looking at how this looks in other countries. 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. Two platforms were promoted from the beginning, to give the. It is a company started by Jeffrey Sprecher, also Jewish, of course. Posner: Yes. So, Im not going to give you an easy answer here. They own the oil refineries, the largest solar panel producers and the automobile, aircraft and arms industries. Blackstones current portfolio is much smaller, about 20 billion, down from 36 billion in 2015. Despite that, I would guess the answer to my title is. I wont name any names, because I dont need to. Can't win. The people behind it already owned the entire world, but they have been busy solidifying their positions in the past half-century. Presumably this would be part of the calculus for policymakers in determining how big of an issue this is. Whatever the case may be there, we have to ask who owns Goldman Sachs. 6771SouthSilverHillDrive, FinlandMN55603, This material, provided for educational and informational purposes, constitutes a "fair use" of any copyrighted material as provided for in section 107 of the US Copyright Law. 2017. And then the question is, would this be a bad thing? They dont want to actually have to vote. As such, they receive both criticism and praise. This could happen, or it might not happen because BlackRock or Vanguard might divide. called Aladin buys and sells all of this with zero human oversight. Who Owns the Investment Firms of the World? Press question mark to learn the rest of the keyboard shortcuts. I think litigation is the natural solution. Because I am a law professor, I could provide some of the legal background and analysis to our paper. I am a bot, and this action was performed automatically. The government or antitrust authorities react, but then there is this kind of arbitrage. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. TRUTH LIVES on at https://sgtreport.tv/ Many belong to royal bloodlines and are the founders of our central banking system, the United Nations and just about every industry on the planet. Our initial view was that the cost would be low because the amount of diversification an ordinary person gets by owning all the companies within one industry as opposed to companies across industries is very small, because the stock prices of companies within an industry tend to be highly correlated. 2 Posner, E., Morton, F.S., & Weyl, E.G. They now have that, on paper, with full graphs and charts. Its only a problem when the underlying markets are concentrated. No. Right now, though, the duos advance appears unstoppable, and the benefits theyve brought with low-cost investments may outweigh some of the structural issues. The only reason I would buy any of them is to shut them downwhich is not a great investment plan, I am told. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Yes, they all own shares of these companies, and lot of shares (typcially a 20%-30% stake) they do not have a "controlling" stake in any of these companies (i.e. But just as an initial matter, if you or I, in our individual capacity, buy shares of McDonald's (MCD) or some shares in a mutual fund, were not going to have any effect on competition. Amassing that sum will likely upend the asset management industry, intensify their ownership of the largest U.S. companies and test the twin pillars of market efficiency and corporate governance. To learn more about Morningstar magazine, please visit our corporate website. No, they wont live forever, but the wise dont wish to live forever anyway. Nature ** 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 . Stocks with outsize exposure to indexed funds could trade more on cross-asset flows and macro views, according to Goldman Sachs Group Inc. The white men wanted to buy land from the Natives, but the Natives couldnt make sense of the basic idea. They are very concerned about aging and mortality, and yet they age quicker than any of us. Blackrock/Vanguard didnt just buy the entire world. that argues you can achieve diversification by investing across industries.4 But no matter what the strategy is for diversifying across industries, if youre only holding one company in each competitive industry, some investors would end up worse off. Those experts would say to the court, We have all this empirical evidence that the institutional investors have reduced competition in the airline industry with the result that prices are higher.. Elections **Our intentions are aimed towards a fairer, more transparent world and a better future for everyone.**. But if its an institutional investor that already has a large stake in rival companies within a concentrated market and it increases those stakes, and if one can show empirically that the effect of those purchases is to reduce competition among the underlying firms, then youve met that standard. BLACKROCK AND VANGUARD OWN THE WORLD - THE SAME SHADY PEOPLE OWN BOTH BIG PHARMA AND THE MEDIA 332 followers Follow 332 3 months ago BLACKROCK AND VANGUARD OWN THE WORLD - THE SAME SHADY PEOPLE OWN BOTH BIG PHARMA AND THE MEDIA Embed 340 A GLOBAL MONOPOLY FEW KNOW ABOUT - AND WEF PARTNERS Show more Loading comments. The company's earnings release and supplemental materials are . Provide specific products and services to you, such as portfolio management or data aggregation. There is no longer any doubt of it. The same investors are at the basis of every aspect of our journey. What follows is a compilation of data showing the COVID pandemic was a biowarfare attack that has been kept going using sophisticated psychological warfare tactics. Any research puts you on a merry-go-round, where one investment group is owned by another investment group, and then back to the first one. Speaking of the central bankers, I recently interviewed finance guru Catherine Austin Fitts, and she believes its the central bankers that are at the heart of the global takeover were currently seeing. 51%), so they don't "own" them. Another copy can be found on mega.nz.1The Automatic Earth2andZeroHedge3have also published the letter in full. BlackRock Inc.andVanguard Group already the worlds largestmoney managers are less than a decade from managing a total of $20 trillion, according to Bloomberg News calculations. But since Obama had been President before that, and since he was already Goldman Sachs lawnboy, what does that make Trump? Wells Program. State Street Corporation is the fifth biggest shareholder, AppleThe top four institutional investors are Vanguard, Blackrock, Berkshire Hathaway and State Street Corporation, MicrosoftThe top three institutional shareholders are Vanguard, Blackrock and State Street Corporation. You couldnt possibly learn to talk if you didnt already have a fundamental understanding of language hardwired into your brain. And if they can get the [vaccine] passports in with the CBDC [central bank digital currency], then it will be able to take taxes out of our accounts and take our assets. Here, we find the same Russian nesting doll setup. Economists are increasingly arguing that market concentration has affected wages. Election Fixing These companies are publicly traded and are run by boards, where the largest shareholders have power over the decision making. It also reviews the dangers of the COVID shots, noting that the virus and the vaccines were made by the same entities. If someone can find me a better picture of this, let me know. Our elections do not matter. BlackRock also developed the computer system that the central banks use. In fact, in our culture you have to be untaught basic morality. The producers scan the families for the prettiest children and we go from there. I dont see any reason in theory to think that it would be worse, but we wouldnt know for sure until we entered that world. Just like the steel that the plane is made of comes from one of their many mining companies. This is related to yet another point. Here we find yet another curiosity, as the largest shareholder of BlackRock is Vanguard. A lot would depend on what they [firms like Vanguard and BlackRock] did. Gear advertisements and other marketing efforts towards your interests. One of the major defenses is something called the passive investor defense or exception, which is also in that statute. We encountered an issue signing you up. It isnt that easy. Well, it isnt that simple, but it is that easy. The same can be said of anything. Glen had read papers by Jos Azar and others that found a strong correlation between common ownership by institutional investors and prices that the firms that they own charge customers.1 Glen was immediately struck by how powerful this work was and asked me to write a paper with him.2 Fiona Scott Morton joined us as well. An Empirical Exploration of Idiosyncratic Risk, The Journal of Finance, Vol. That is something I learned from Chomsky, though he didnt invent the idea. Financial News So, should this make you suicidal? Together, they own almost 20% of Goldman Sachs. US Economy 4 Campbell, J.Y., Lettau, M., Malkiel, B.G., & Xu, Y. Because ownership of the world is pretty much meaningless, when you get right down to it. Did J. Edgar Hoover Order the Assassination of Martin Luther King Jr? But the worry is, its going to create a huge mess because litigation is unpredictable and the sort of remedies that courts make are specific to the particular dispute. Thats not BlackRocks experience. You have to sleep a lot, drink a lot of water, eat good food, refrain from smoking and drinking, and all that. I would just be slightly less diversified. As for owning big companies, I have better things to do. Microsoft owns Windows and Xbox. The power of these two companies is beyond your imagination. Visit our Community Guidelines for more information and details on how to adjust your email settings. As usual, that information is denied us. Bloomberg Daybreak Asia. So, they would write their own report, and this other report would most likely say, No, nothing is happening; there is no problem. And its just up to the court to figure out who is right. Media behemoths that may present themselves as rivals are, in reality, owned by the same company. I was researching famous 19th century author Bret Harte, who wrote about cowboys. The smaller, more active owners would presumably not be as diversified and would presumably try to get the CEOs of these companies to compete more. Another thing this tells us is that all those beauty sites telling you how to age gracefully also have it mostly wrong. We should be concerned. No matter the industry or the sector, BlackRock and Vanguard more than likely hold a stake and control the movement. In this video we explore a topic that's become rather common in conspiracy circles, Vanguard's ownership of every public co. Yes, we know she sleeps a lot, so that is part of it; but it has to be more than that. But when a beautiful movie star goes dark, it is very obvious, since the whole face tends to crash. The same goes for the agricultural industry that the global food industry depends on, and any other major industry. We may assume the Rockefellers and Rothschilds and the other usual suspects are being hidden, and maybe some others we dont even know about (like Stanleysor Spencer-Churchills). It doesnt make me suicidal. You cannot sell your soul. Gielen cites Oxfam data showing that two-thirds of billionaires obtained their fortunes via inheritance, monopoly and/or cronyism. 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. 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! Roughly 37 per cent of assets in U.S.-domiciled equity funds are managed passively, up from 19 per cent in 2009, according to Savita Subramanian at Bank of America Corp. By contrast, in Japan, nearly 70 per cent of domestically focused equity funds are passively managed, suggesting the U.S. can stomach more indexing before market efficiency suffers. In fact, if some god or alien lit on my lawn and offered me ownership of the world I would pass. And if the CEOs think that the institutional investors will support them, even weakly, and if these institutional investors have large stakes in rival firms, then the worry is that theyre not going to compete as vigorously. Its closer than you think. In the process, they will own almost everything on planet Earth. Such a claim is just too broad and vague. What happened in January of 2017? On the one hand, I do believe them when they say that, at least for index funds, theyd like to just be passive. You can make bad decisions and let yourself be destroyed in this lifetime. But at the moment, Im not worried about this. Environmental Which means they have an indirect "control" of these companies. This is a very broad rule. I suspect she is absolutely clueless about any larger issues, and is just being used. They own all the major tobacco companies, and all the major drug companies and scientific institutes too. No matter what industry you look at, the top shareholders, and therefore decision makers, are the same: Vanguard, Blackrock, State Street and/or Berkshire Hathaway. And if indexing distorts the market so much that its easier to beat, more investors will flock to stock pickers, says Richard Thaler, Nobel laureate, University of Chicago professor and principal at Fuller & Thaler Asset Management.