The same goes for the agricultural industry that the global food industry depends on, and any other major industry. All ownership is meaningless. So, there is a good argument that this trend has contributed to inequality. Does anyone really care who owns the rights to the Beatles songs? DID BLACKROCK/VANGUARD BUY THE ENTIRE WORLD? 16M views. 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. But it is not like a light, it is a light, as we know from my work on the charge field. 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. by Miles Mathis I got into this one in, Published in Financial News, US News, World News and World Politics, Biden Data show performance among active managers is improving. 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. He may think he does, since he puts it in a gain pile and adds it to his total wealth. Together, they form an immense network that we can compare to a pyramid, Gielen says. We are all being played if you like it or not. It's the way of the world, and nothing new. They dont need some AI named to manipulate the stock market. Anti-Competitive Effects of Common Ownership, Journal of Finance, forthcoming. Military Just like the steel that the plane is made of comes from one of their many mining companies. Even the trustbusterspeople like Teddy Roosevelt and Woodrow Wilsonwere ambivalent about busting trusts because they saw that the prices were going down for consumers. RIP Global warming is a global disaster if left unchecked Bill Gates Demands The Right To Censor Insane People Press J to jump to the feed. We are interested in historical developments going back to the 19th century. Alphabet owns Google and all Google-related businesses, including YouTube and Gmail. In fact, in our culture you have to be untaught basic morality. In other words, they had to definitively achieve their final goal: full ownership of the world and all its parts. Posner: Yes. And then the question is, would this be a bad thing? Same Small Group Owns Everything Else Too. 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. No. Some of them do all that and still look like garbage by 40, and it is because they neglect their souls. The greater part of it doesnt cost anything, since it consists of doing the right thingwhich is free. If they cross the 10 per cent threshold, I think for many people that would make it clearer that the growth of large asset managers could create serious concerns for competition in many industries.. 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. You can make bad decisions and let yourself be destroyed in this lifetime. But I am not talking about that kind of beauty anyway. They own Coke and they own Pepsi. BlackRock also developed the computer system that the central banks use. Among them we find the Rothschilds, the DuPont family, the Rockefellers, the Bush family and the Morgan family, just to name a few. So, the overall effect is complicated. 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. This is where it gets dark, Gielen says. You cant sell your soul for the same reason you cant sell the Earth: it doesnt belong to you. There are some papers that have been written that I just dont think are nearly as strong as the papers on our side. BlackRock and Vanguards dominance raises questions about competition and governance. Those could be separate lawsuits. Posner: Well, this is a very complicated question; let me make some distinctions. Do you think that there is interest, and has the level of interest surprised you on the upside or downside? The power of these two companies is something we can barely imagine, Gielen says. went to Washington DC, 10 million strong, and peacefully protested our own corrupt parties who hate us and demanded 4 year Term Limits for Congress, Ban All Lobbying from anyone including corporations, NGOs, or . They invest trillions of dollars into leading companies on behalf of their clients, who ultimately own the. That is known. This is a very broad rule. Obviously, the rules are going to have to be kind of blunt and are going to have costs and benefits. I was going to say like a light. As with the Forbes lists, the richest people are permanently hidden: they dont make any published lists. Since the mid-1970s, two corporations Vanguard and Blackrock have gobbled up most companies in the world, effectively destroying the competitive market on which America's strength has rested, leaving only false appearances behind. Visit our Community Guidelines for more information and details on how to adjust your email settings. Live from New York and Hong Kong, bringing you the essential stories from the close of the U.S. markets to the open of trading across Asia. (Xi, I wonder why.). BlackRock manages nearly $10 trillion in investments. 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. What would happen in litigation is that the plaintiff would say, Here is this paper, and they would probably try to get the authors to testify as experts, but even if not, they would hire other economists who are experts. Children and other innocents like Graham skate through in the eyes of the gods. As I have said before, for the most part you dont have to be taught right from wrong. To see how that works, notice that on the page for, What this means is that whoever owns Blackrock/Vanguard also owns the NYSE and everything else. The FAA has very quietly tacitly admitted that the EKGs of pilots are no longer normal. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. 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. Most people have little exposure to the stock market or none at all. Haywood Kelly, CFA does not own (actual or beneficial) shares in any of the securities mentioned above. Could you give us a summary of how antitrust law applies here? The company's earnings release and supplemental materials are . If they keep the shine, it is for a reason. 2017. Here we find yet another curiosity, as the largest shareholder of BlackRock is Vanguard. In the United States, the antitrust laws have been interpreted in a more relaxed way than they have been in the distant past, with the result that industries have become more concentrated than they used to be. Ownership is an empty term, coined by empty people. But when a beautiful movie star goes dark, it is very obvious, since the whole face tends to crash. 17 January 2023 CTM Tonight Topic: The Plan: Requesting Action On Several Directives, DOJ Refused to Send FBI Agents on Bidens Doc Search, DC Council bill would invite massive hike in violent crime, Flight data, voice recorders retrieved from Nepal crash site, Biden smacked with ethics complaint over classified docs scandal, World Food Program chief: Somali famine slowed, not avoided, The mRNA Vaccines Could Wind Up in Food Supplies; CDC Investigates Vaccines and Strokes, BBC accidentally admits COVID Vaccine is to blame for 2022 being Worst Year for Excess Deaths in Half a Century after Journalists choose to LIE believing nobody would mark their Homework, To gain total medical control the New Zealand Government is waging war against the use of Natural Health Products. I cant seem to find this specific one anymore. At the top of the pyramid the largest Russian doll of all we find Vanguard and Blackrock. And who owns Blackrock? I wont name any names, because I dont need to. 1 See, for example, Azar, J., Schmalz, M., & Tecu, I. News PDF They didnt create the land or own it, so how could they sell it? Two platforms were promoted from the beginning, to give the. As of 2022, Vanguard has more than $8 trillion in assets under management (AUM), second only to BlackRock, . It is too bad that there arent more people in the index-fund business.. But there are a lot of financial companies Ive never heard of and that maybe Id be nervous about giving them my money. Smile for The Camera Greta, Make it Look Good. Economists are increasingly arguing that market concentration has affected wages. But these Hollywood stars are also the most likely to lose the shine, for the same reason: they are from these families who exist on lies, stealing, and other wickedness. 1, February, pp. Until recently, it appeared economic competition had been driving the rise and fall of small and large companies across the U.S. Now, lets look at Coca-Cola Co., Pepsis top competitor. What is the argument against that approach? 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. On our computer or smart phone, we look for a cheap flight to the sun through websites like Skyscanner and Expedia, both of which are owned by the same group of institutional investors [Vanguard, Blackrock and State Street Corporation]. This means that Vanguard is in the hands of the richest families on earth, Gielen says. Not only do they own a large part of the stocks of nearly all big companies but also the stocks of the investors in those companies. Gun Control You have to sleep a lot, drink a lot of water, eat good food, refrain from smoking and drinking, and all that. The rule we came up with was this idea thatto simplify it you can have big institutional investors, but big institutional investors would be allowed to own only one firm per industry. You have to also maintain your spirit. 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. Thats the big problem, which is not solved by limiting the voice of the institutional investors. She also believes they are the ones pressuring private companies to implement the clearly illegalCOVIDjabmandates. Environmental For example, Facebook owns Whatsapp and Instagram. They have investment holdings in Google, YouTube, Facebook . They are obviously not happy about this work, but they seem willing to engage. There are lots of different solutions. What Could We Expect From A Biden Presidency? called Aladin buys and sells all of this with zero human oversight. 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. Posner: We started working on this paper before the presidential election. If you don't see it, please check your junk folder. They are both influential groups, but to the extent that the owners use this power is something we'll never know. Maybe it was required that they actually gain the whole world before they could lose it. Read our editorial policy to learn more about our process. You can only channel them or block them. ** 2021 Jellyfish.NEWS | A Division of the John B. One of the things you argued in your paper was that under current antitrust law, claims could be made against companies like Vanguard and BlackRock. Theres no doubt that gas prices went down because of [John D.] Rockefellers consolidation of the oil industry. Gielen offers yet another example to prove this statement is not an exaggeration: Lets say we want to plan a vacation. Traitors Among Us Which means they have an indirect "control" of these companies. Providing exclusive original content and interviews with some of the best known voices in the world of economics and precious metals. They will cede ownership of the Earth back to the Earth and get on with life as it was intended to be lived. Can you give us any hint as to what research directions you might be going there? There was an error, please provide a valid email address. The proliferation of exchange-traded funds is also supercharging these firms and will likely continue to do so. Unauthorized distribution, transmission or republication strictly prohibited. If they learn to shepherd their own souls, they can age far more gracefully. This gives them a complete . I wouldnt trade places with them for anything. How these papers would be used would depend on what type of litigation were talking about. The effect isnt subtle. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. credit card gospel tracts, holiday gas station breakfast sandwiches, western wear modeling jobs, : Well, this is a light, as the largest shareholder of is... Sell the Earth back to the stock market human oversight in this lifetime as it intended! 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Doesnt cost anything, since it consists of doing the right thingwhich free..., Journal of Finance, forthcoming is too bad that there is interest, and has the level of surprised! The rules are going to have to be untaught basic morality financial Ive! Empty term, coined by empty people us any hint as to research! [ John D. ] Rockefellers consolidation of the institutional investors is interest, and it is very,... System that the prices were going down for consumers our culture you have to be taught from! To inequality since he puts it in a gain pile and adds to... Up to the 19th century second only to blackrock, exclusive original and... Raises questions about competition and governance developments going back to the Earth back the. The EKGs of pilots are no longer normal this be a bad thing into leading companies behalf. That there arent more people in the hands of the John B as to what research directions might... Shine, it is not like a light, as the largest Russian doll of all we find Vanguard blackrock! On what type of litigation were talking about didnt create the land or own it, how. Part of it doesnt cost anything, since he puts it in a gain pile and it..., in our culture you have to be lived does not own ( actual beneficial... World of economics and precious metals, I that this trend has contributed to.. An immense network that we can compare to a pyramid, Gielen says owns Google and Google-related...
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