Who Controls Global Economy? BLACKROCK - VANGUARD - STATE STREET

Summary

This video script delves into the surprising control a small group of people exerts over major global corporations, including tech, media, pharmaceuticals, and more. It highlights how investment funds like BlackRock, Vanguard, and State Street, collectively managing trillions in assets, own significant stakes in companies that influence our daily lives. The video raises questions about the concentration of wealth and power, suggesting a hidden hand shaping economic and social policies for the benefit of a financial elite.

Takeaways

• 🌐 The script discusses the surprising interconnectedness of major global corporations, suggesting they are controlled by a small group of people.
• 🔍 It highlights how a single day's activities, from social media to travel bookings, can involve companies all linked to the same investors.
• 🏦 The 'Big Three' investment funds — BlackRock, Vanguard, and State Street — are identified as having significant control over a vast array of global businesses.
• 💰 These three funds manage approximately $30 trillion in assets, which is more than all sovereign wealth funds combined and nearly five times larger than the global hedge fund industry.
• 📈 They have direct control over more than 1,600 large companies, employing 23 million people worldwide, and own about 90% of the S&P 500 listed companies.
• 🔎 The script challenges viewers to investigate the ownership of major companies, suggesting a high probability of finding one of the 'Big Three' as major shareholders.
• 🤝 The relationships between these funds and global entities like central banks and governments are underscored, hinting at a complex web of influence and control.
• 🏢 BlackRock is described as having particularly strong ties with governments and central banks, positioning it as a significant global financial player.
• 💼 The unique structure of Vanguard is noted, making its ownership less transparent and suggesting it is part of a private network of wealth.
• 🌱 The script critiques the current political and monetary system, arguing it favors the financial elite and exacerbates wealth inequality.

Q & A

What is the common point among all the companies mentioned in the short story?

The common point among all the companies mentioned is that they are all owned by the same small group of people.

Who are the three largest investment funds mentioned in the script?

The three largest investment funds mentioned are State Street, BlackRock, and Vanguard.

How much is the approximate total assets under management for BlackRock, Vanguard, and State Street combined?

Together, BlackRock, Vanguard, and State Street have approximately thirty trillion dollars in assets under management.

What percentage of the S&P 500 companies do these three investment funds own?

These three investment funds together own approximately 90% of the companies listed in the S&P 500.

What is the significance of the ownership of these investment funds over large corporations?

The ownership signifies that a small group of entities has significant influence over a large portion of the global economy, affecting various sectors and potentially impacting the lives of many people worldwide.

What is the role of BlackRock in the financial industry according to the script?

BlackRock is not only an asset manager but also an auditing and consulting firm with its main clients being governments and central banks. It has strong connections with the world's largest central banks, particularly the Federal Reserve.

Why is Vanguard's ownership structure considered unique and difficult to identify?

Vanguard's ownership structure is unique because it is a privately held company, and its owners prefer to avoid attention. It claims that its owners are the investment funds that the company itself manages.

What is the relationship between Vanguard and BlackRock as depicted in the script?

The script depicts that Vanguard is the largest shareholder of BlackRock, indicating a close relationship between the two entities.

How does the script suggest that the current political and monetary system affects wealth distribution?

The script suggests that the current political and monetary system, which includes policies like increasing the money supply without proper backing and accumulating exorbitant debts, favors the financial elite at the expense of the rest of society, particularly the poorest individuals.

What is the implication of the strong alignment between the discourses of governments, media, and large corporations as mentioned in the script?

The implication is that there might be a coordinated effort or shared interests among these entities, potentially leading to the promotion of certain obscure agendas that may not always align with the public's best interests.

What is the main message the script conveys about the intentions of the political and financial elite?

The script conveys that the political and financial elite, while claiming to work for the betterment of the planet and the well-being of people, may primarily be focused on maintaining their own power and wealth.