Who Controls Global Economy? BLACKROCK - VANGUARD - STATE STREET
Summary
TLDRThis 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
- š The script discusses the surprising interconnectedness of major global corporations, suggesting they are controlled by a small group of people.
- š It highlights how a single day's activities, from social media to travel bookings, can involve companies all linked to the same investors.
- š¦ The 'Big Three' investment funds ā BlackRock, Vanguard, and State Street ā are identified as having significant control over a vast array of global businesses.
- š° 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.
- š 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.
- š 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.
- š¤ The relationships between these funds and global entities like central banks and governments are underscored, hinting at a complex web of influence and control.
- š¢ BlackRock is described as having particularly strong ties with governments and central banks, positioning it as a significant global financial player.
- š¼ The unique structure of Vanguard is noted, making its ownership less transparent and suggesting it is part of a private network of wealth.
- š± 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.
Outlines
š Global Economic Control
This paragraph discusses how a small group of people own and control major corporations across various sectors of the global economy. It starts with a relatable scenario of someone inspired by a co-worker's vacation photos to book a trip to France, using services like Google, Airbnb, Uber, and American Airlines. The script then reveals that these companies, along with many others, are controlled by three major investment funds: BlackRock, Vanguard, and State Street. These funds have immense assets under management, surpassing the GDP of most nations, and hold significant influence over a vast array of companies, including tech giants, media corporations, pharmaceuticals, and more. The narrative suggests that this concentration of power is not widely known but has profound implications for global economic control.
š¦ The Financial Elite's Influence
Paragraph 2 delves into the inner workings and influence of BlackRock and Vanguard, two of the three major investment funds mentioned earlier. BlackRock is portrayed as a powerful entity with over ten trillion dollars in assets, having close ties to governments and central banks. It is involved in auditing and consulting for financial institutions, some of which it also owns, raising questions about potential conflicts of interest. The paragraph also discusses how BlackRock's consulting arm was chosen by the Federal Reserve to manage an emergency asset purchase program, which included BlackRock's own funds. Vanguard is highlighted as the largest provider of mutual funds with a unique, privately-held structure that obscures its ownership. The narrative suggests that these funds are controlled by a small elite, possibly including some of the wealthiest and oldest families in the world, who benefit from current monetary and fiscal policies that favor the financial elite.
š³ Agendas of the Wealthy
The final paragraph touches on the impact of the financial elite's control on global discourse and policy. It suggests that the same elite that dominates the world behind the scenes is driving agendas related to environmental issues, identity causes, and a reshaping of capitalism. The paragraph implies that while these agendas are presented as beneficial for the planet and society, they are actually implemented by the same group with the primary goal of maintaining their power and wealth. The script concludes by encouraging viewers to subscribe for more information on global economic and political curiosities, hinting at a broader conspiracy of control and influence.
Mindmap
Keywords
š”Investment Funds
š”Control
š”Global Economy
š”Concentration of Wealth
š”BlackRock
š”Vanguard
š”State Street
š”Corporate Control
š”Sovereign Wealth Funds
š”Monetary Policy
š”Fiscal Policy
Highlights
Control of major corporations by a small group of people
Ownership of companies like Facebook, Instagram, Google, and Airbnb by investment funds
State Street, BlackRock, and Vanguard's combined assets under management exceed $30 trillion
These three investment funds have direct control over more than 1600 large companies
Ownership of approximately 90% of the S&P 500 companies by BlackRock, Vanguard, and State Street
Influence of these funds on global companies, including tech, media, pharmaceuticals, and more
State Street's management of over $3.5 trillion in assets
Vanguard and BlackRock's significant shareholding in State Street
BlackRock's role as the largest asset manager with over $10 trillion in assets
BlackRock's connections with governments and central banks
BlackRock Solutions' involvement in auditing and consulting for governments and central banks
Larry Fink's influence as the CEO of BlackRock and his support for environmental and humanitarian causes
Vanguard's unique structure and its status as the largest provider of mutual funds
The concentration of wealth among a small percentage of the global population
The impact of current political and monetary systems on the growth of investment funds
The alignment between governments, media, and corporations in promoting certain agendas
The potential conflict of interest in BlackRock's dual role as auditor and asset manager
The call to action for viewers to verify the information and subscribe for more content
Transcripts
imagine that on a certain day you are browsingĀ Facebook or Instagram when you see photos ofĀ Ā
your co-worker on vacation in France you feelĀ like doing the same and search on Google forĀ Ā
some flight deals to the France and then youĀ make the purchase you take the opportunity andĀ Ā
on the same day you already book accommodationĀ in Paris through Airbnb on the day of the tripĀ Ā
you're woken up early by your iPhone alarm clockĀ and you take an Uber to the airport while waitingĀ Ā
you buy a McDonald's sandwich and a Coca-Cola toĀ have something to eat until it's time to boardĀ Ā
your American Airlines flight aboard a Boeing 737Ā would you be able to tell what is the common PointĀ Ā
among all the companies mentioned in the shortĀ story you probably don't know but all of themĀ Ā
are owned by the same small group of people butĀ what if I tell you that it doesn't stop there andĀ Ā
this same small group of people has total controlĀ over all the major corporations in every sector ofĀ Ā
the global economy if you're curious watch thisĀ video Until the End because what I've mentionedĀ Ā
here is just the beginning of the whole story butĀ before anything else I ask you to leave a like AndĀ Ā
subscribe to the channel if you haven't already itĀ helps our Channel grow and allows our content toĀ Ā
reach more people it may not be news to you thatĀ the largest companies in the world are controlledĀ Ā
by a small number of investment funds after allĀ the corporate world is a kind of Labyrinth anĀ Ā
interconnected Network where everyone seems to ownĀ everything but that is only true up to a certainĀ Ā
point together these corporations form a sort ofĀ pyramid where smaller groups belong to larger onesĀ Ā
and at the top of this pyramid the three largestĀ investment funds Stand Out exerting direct orĀ Ā
indirect influence over the others they are StateĀ Street BlackRock and Vanguard together BlackRockĀ Ā
Vanguard and State Street have approximatelyĀ thirty dollars trillion in assets under managementĀ Ā
that's more than all Sovereign wealth fundsĀ combined and nearly five times the size of theĀ Ā
global hedge fund industry The Big Three as theyĀ are commonly known have direct control over moreĀ Ā
than sixteen hundred large companies that employĀ a total of 23 million people worldwide these threeĀ Ā
investment funds together own approximatelyĀ 90 of the companies listed in the sep 500.Ā Ā
the index that measures the performance of theĀ 500 largest American companies in terms of marketĀ Ā
capitalization this amounts to around thirtyĀ dollars trillion in updated values a figureĀ Ā
surpassing the GDP of any Sovereign Nation onĀ the planet the power of these three companiesĀ Ā
goes beyond what your imagination can grasp justĀ out of curiosity when you visit the Yahoo financeĀ Ā
website and search for the largest shareholders ofĀ the biggest companies in the world the probabilityĀ Ā
of not finding one of these three companies amongĀ them is extremely low the larger the company andĀ Ā
the greater its influence over people's lives theĀ higher the probability that it is controlled by atĀ Ā
least one of these three funds all the big techĀ companies such as Google IBM Amazon and FacebookĀ Ā
are controlled by them all the major mediaĀ corporations like Disney Viacom Fox TimeĀ Ā
Warner and Comcast as well major pharmaceuticalĀ companies like Pfizer and Johnson Johnson alongĀ Ā
with numerous other large companies in theĀ airline Hospitality apparel food AutomotiveĀ Ā
Banking and payment sectors are also underĀ their control from Coca-Cola to PepsiĀ Ā
from Apple to Microsoft from visa to MasterCardĀ from the electric car and solar panel sectorĀ Ā
to the oil and Mining sector these three groupsĀ own the largest companies in all sectors acrossĀ Ā
all Industries and if you have doubts about itĀ don't just take my word for it verify it yourself
among the three groups State Street is by farĀ the smallest yet the company alone managesĀ Ā
over 3.5 trillion in assets nearly doubled theĀ current GDP of Brazil however when we look atĀ Ā
the largest shareholders of State Street toĀ our surprise we find Vanguard and BlackrockĀ Ā
in the first and second positions BlackRockĀ is the largest and most well-known arm of theĀ Ā
big three the company manages over ten dollarsĀ trillion in assets and has strong connectionsĀ Ā
with governments being considered by theĀ press as the fourth power of the AmericanĀ Ā
Nation BlackRock has close ties with the world'sĀ largest central banks particularly the FederalĀ Ā
Reserve many of blackrock's employees are formerĀ high-ranking government and Central Bank officialsĀ Ā
in addition to being an asset manager BlackRockĀ is also an auditing and consulting firm with itsĀ Ā
main clients being governments and central banksĀ the auditing arm of BlackRock called BlackRockĀ Ā
Solutions is often invited by governments toĀ audit and oversee financial institutions at theĀ Ā
same time blackrock's Asset Management divisionĀ is often the majority shareholder of the very sameĀ Ā
financial institutions that it audits in otherĀ words governments hire BlackRock to oversee andĀ Ā
audit companies that are owned by BlackRock itselfĀ in addition during audits BlackRock Solutions hasĀ Ā
constant access to privileged informationĀ from competitors which is extremely usefulĀ Ā
for BlackRock itself similarly in March 2020Ā the Federal Reserve chose without any kind ofĀ Ā
bidding process blackrock's Consulting arm F MayĀ to manage the emergency asset purchase programĀ Ā
which included the purchase surprisingly of theĀ very funds managed by BlackRock according to theĀ Ā
company itself none of these cases constituteĀ a conflict of interest as BlackRock claims thatĀ Ā
the sectors responsible for auditing ConsultingĀ and asset management are separate and entirelyĀ Ā
independent entities the company is managed byĀ Larry Fink an influential figure in the globalĀ Ā
political and financial Arena also known forĀ being a strong supporter of environmental andĀ Ā
humanitarian causes surely he is another greatĀ human being concerned about the environment andĀ Ā
the well-being of the less fortunate howeverĀ Larry Fink does not manage the company aloneĀ Ā
like any publicly traded company BlackRock hasĀ shareholders and the largest among them to yourĀ Ā
surprise or not is none other than VanguardĀ Vanguard group is an investment managementĀ Ā
company as well as a consultancy firm it has overĀ seven dollars trillion in assets under managementĀ Ā
and is the largest provider of mutual funds andĀ the second largest provider of index funds in theĀ Ā
world second only to Blackrock itself unlike otherĀ companies in the sector Vanguard has a uniqueĀ Ā
structure that makes its ownership more difficultĀ to identify therefore the question arisesĀ Ā
who is behind Vanguard it is not possible toĀ know for sure because Vanguard is a privatelyĀ Ā
held company apparently the owner's VanguardĀ prefer to avoid attention Vanguard claims thatĀ Ā
its owners are the investment funds that theĀ company itself manages and through research onĀ Ā
the subject some investment funds can be linked toĀ Vanguard such as Rothschild investment Corps andĀ Ā
Edmund de Roth's child holding reports from OxfamĀ and others state that one percent of the world'sĀ Ā
population holds the same wealth as the other 99Ā combined even worse Oxfam claims that 82 percentĀ Ā
of all the money earned in 2017 went to this oneĀ percent according to Forbes the renowned businessĀ Ā
magazine in its report published in April 2021Ā there were 27 55 billionaires in the world a itĀ Ā
is not difficult to conclude that Vanguard belongsĀ to a small Elite of individuals many of whom areĀ Ā
members of the wealthiest families on Earth someĀ of these families have been wealthy since beforeĀ Ā
the Industrial Revolution and have maintainedĀ their wealth to this day many of these familiesĀ Ā
including some of Royal lineage are the foundersĀ of our banking system and various other sectorsĀ Ā
of our economy the current monetary policy ofĀ central banks which indiscriminately increasesĀ Ā
the money supply without proper backing combinedĀ with the fiscal policy of governments accumulatingĀ Ā
exorbitant debts that will likely never be repaidĀ except through inflation favors the financialĀ Ā
Elite at the expense of the rest of societyĀ particularly the poorest individuals at the bottomĀ Ā
of the social pyramid it is no coincidence thatĀ 2020 according to Forbes witnessed the largestĀ Ā
growth in the number of billionaires and theirĀ respective Fortunes in history while hundreds ofĀ Ā
millions of people were condemned to Poverty theĀ exponential growth in recent years of investmentĀ Ā
funds such as Vanguard BlackRock and State StreetĀ which threatened to control the entire GlobalĀ Ā
corporate world is nothing more than a reflectionĀ of the distortions caused by our current politicalĀ Ā
and monetary system in this context consideringĀ everything that has been said in this video itĀ Ā
is not difficult to see how and why we observeĀ such a strong alignment between the discoursesĀ Ā
of governments media and large corporations fromĀ all sectors around obscure agendas that oftenĀ Ā
go against their own interests these agendasĀ include environmental issues identity causesĀ Ā
and a supposed reshaping of capitalism towards aĀ more sustainable and inclusive production systemĀ Ā
as they themselves like to claim all of this ofĀ course is implemented and managed by the sameĀ Ā
political and financial Elite that long dominatedĀ the World Behind the Scenes with the soul andĀ Ā
exclusive purpose of saving the planet andĀ improving your life without a shadow of a doubtĀ Ā
they're doing all of this thinking exclusivelyĀ about you and your well-being if you enjoyed theĀ Ā
content please leave a like And subscribe toĀ the channel if you're interested in receivingĀ Ā
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