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. 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! I can only access it with the direct link. 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. Big Tech I'm more curious who the actual owners of Vanguard are. In 2016, Oxfam reported that the combined wealth of the richest 1% in the world was equal to the wealth of the remaining 99%. Orsince that whole collapse was faked and managed as wellmaybe Morgan Stanley just went undercover. But the devils cannot buy what you do not own. This was the last straw.. Then ownership by institutional investors would not be a problem. It belongs to God. Are you ready? You had all these owners who didnt exert any influence over the corporation or the other shareholders. Have they reached out to you? While the likes of blackrock, Vanguard and state street are absolutely shit, and have way to much power and control (not to mention the amount of market manupluation these 3 are responsible for), it's a little misleading how this is presented. COVID-19 The Spartacus Letter was originally posted on docdroid.net, but has since been deleted. They dont want to actually have to vote. No. 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. 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. 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. After 40 centuries of failing at the game of life, they may finally learn the basic lesson. In turn, they, themselves are owned by shareholders and the most surprising thing is that they own each other's stocks Together, they form an immense network comparable to a pyramid. Please try again. Another concern is that without the prospect of being part of an index, fewer small or mid-sized companies have an incentive to go public, according to Larry Tabb, founder of Tabb Group LLC, a New York-based firm that analyzes the structure of financial markets. Bloomberg has also referred to BlackRock as the fourth branch of government, due to its close relationship with the central banks. And the same goes for the other packaged food companies. We sell different types of products and services to both investment professionals and individual investors. To give you another example: in the history of a great painting, say a Van Gogh, nobody cares who owned or owns it. This means someone like Heather Graham must be doing something right. 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. They are fund manager are they not? DID BLACKROCK/VANGUARD BUY THE ENTIRE WORLD? Its also the biggest developer of Android, the main competitor to Apple. That is why I mentioned it, you know. Besides, if you study the real history of ownership, these people didnt buy anything. We are interested in historical developments going back to the 19th century. Theres every reason to think it will continue to increase. Together, these parent companies monopolize the packaged food industry, as virtually every food brand available belongs to one of them. There were huge economies of scale and prices went way down. The white men wanted to buy land from the Natives, but the Natives couldnt make sense of the basic idea. The government and pharmaceutical companies care about my What are they afraid of that they need to deploy 500 Bill Gates ignores questions on Reddit about his friend How did this niche issue suddenly become #TheCurrentThing Soros, Klaus Schwab and Gates all out? Gielen cites Oxfam data showing that two-thirds of billionaires obtained their fortunes via inheritance, monopoly and/or cronyism. Among his research interests is the question of the increasing concentration of ownership in corporate America, including the role of institutional investors. In all, four parent companies produce the software used by virtually all computers, tablets and smartphones in the world. Didnt see them on the diagram. 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. Just like the steel that the plane is made of comes from one of their many mining companies. And their power goes even much further, because even the kerosene that fuels the plane comes from one of their many oil companies and refineries. Citizen Reporting Like most other things, ownership is just a test, and the degree to which you think ownership matters is the degree to which you are a fool. So there is a varying baseline, that is true. The greater part of it doesnt cost anything, since it consists of doing the right thingwhich is free. They took it. But it is even worse, since the one who steals it doesnt gain from it. The FAA has very quietly tacitly admitted that the EKGs of pilots are no longer normal. Weve put more and more efforts behind it but weve always had a substantial effort, said Vanguards Brennan. Who Owns the Investment Firms of the World? And then the question is, would this be a bad thing? Blackrock owns 53 billion of Apple, 45 billion of Microsoft, 40 billion of Google, 36 billion of Amazon, 24 billion of Facebook, 25 billion of JPMorganChase, 23 billion of Johnson & Johnson, 20 billion each of ExxonMobil, Berkshire Hathaway, and Bank of America, and so on, for a total of about 2.1 trillion. Thats because their stock risks underperforming without the inclusion in an index or an ETF, he said. US Economy Not content with owning a controlling stake in Big Pharma, Black Rock and Vanguard effectively own Big Tech and Big Media as well. DEL BIGTREE EXPLAINS WHY IT AINT JUST THE COVID VAX, Facebook More than 80% of Facebook shares are held by institutional investors, and the top institutional holders are the same as those found in the food industry: Vanguard and Blackrock being the top two, as of the end of March 2021. 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. Our elections do not matter. You and I dont have the physical power to stop them, since they own everything, including the military. As for owning big companies, I have better things to do. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. **Our intentions are aimed towards a fairer, more transparent world and a better future for everyone.**. It's named "Aladdin". Blackstones current portfolio is much smaller, about 20 billion, down from 36 billion in 2015. 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. What happened in January of 2017? 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. 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. If you don't see it, please check your junk folder. As such, they receive both criticism and praise. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. Above all else, we respect everyone's opinions and ALL religious beliefs and creeds. But they dont. Indeed, the global economy may be the greatest illusionary trick ever pulled over the eyes of people around the world. But I did find some information that is not hidden which is very interesting. You can only channel them or block them. Copyright 2023 Morningstar, Inc. All rights reserved. You cannot sell your soul. Who, then, owns them? And now for a short diversion, in which I continue the little sermon. BlackRock manages nearly $10 trillion in investments. Do you think that there is interest, and has the level of interest surprised you on the upside or downside? 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? You cant sell your soul for the same reason you cant sell the Earth: it doesnt belong to you. Or I could stick with Vanguard. What's weird is that this post disappeared from the being able to find it browsing the sub and it doesn't show up when searching it. 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 that isnt enough. The same goes for the agricultural industry that the global food industry depends on, and any other major industry. While there appear to be hundreds of competing brands on the market, like Russian nesting dolls, larger parent companies own multiple smaller brands. editorial policies. 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. Stewardship means something, but ownership is meaningless. One of the most amazing things about this scheme is that the institutional investors and there are many more than the primary four weve focused on here also own each other. Why does Vanguard own everything? FDA Grants Full Approval of Modernas Spikevax COVID Vaccine Another Bait-and-Switch?, GOLD, INFLATION & CONFISCATIONQ&A with LYNETTE ZANG & ERIC GRIFFIN, Funny story: the Chinese want NOTHING to do with mRNA Covid vaccines. This small club of investment companies, banks and mutual funds, are also the largest shareholders in the primary industries, where our raw materials comefrom.. Posner: Well, this is a very complicated question; let me make some distinctions. These institutional investors own Bayer, the worlds largest seed producer; they own the largest textile manufacturers and many of the largest clothing companies. Does anyone care that the Vatican owns the Ceiling of the Sistine Chapel? Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. So what does it all mean? This could happen, or it might not happen because BlackRock or Vanguard might divide. Both firms were among the first to join the Investor Stewardship Group, a group of institutional asset managers seeking to foster better corporate governance, according to the organizations website. To start with, it is a waste of time since ownership is meaningless. The owners of the wealthiest, most powerful company on Earth can be expected to be among the wealthiest individuals on earth. Communism 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. Overnight on Wall Street is daytime in Asia. 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. 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. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. As shown in the film, three of the top four institutional shareholders of Coca-Cola are identical with that of Pepsi: Vanguard, Blackrock and State Street Corporation. They control just enough to be a major investor and to have influence with the board. Another thing this tells us is that all those beauty sites telling you how to age gracefully also have it mostly wrong. That would be fine. 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. by Miles Mathis I got into this one in, Published in Financial News, US News, World News and World Politics, Biden BlackRock's assets under management, which had crossed the $10 trillion threshold in 2021, stood at $8.59 trillion at the end of December despite inflows into its funds during the fourth quarter. Wed like to share more about how we work and what drives our day-to-day business. The same investors are at the basis of every aspect of our journey. Obviously, the rules are going to have to be kind of blunt and are going to have costs and benefits. That is something I learned from Chomsky, though he didnt invent the idea. 2 Posner, E., Morton, F.S., & Weyl, E.G. I mean that even if the gods arent watching or keeping score, you are still ahead of him. 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. 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. articles a month for anyone to read, even non-subscribers. 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. If you find the dark side seductive at all, dont watch it. BlackRock and Vanguard hold large interests in pivotal companies, and Vanguard holds a large share of BlackRock. I think litigation is the natural solution. No matter the industry or the sector, BlackRock and Vanguard more than likely hold a stake and control the movement. Did J. Edgar Hoover Order the Assassination of Martin Luther King Jr? 2001. Oh yeah, Trump was sworn in as our newest fake President. Presumably the defense would bring out one set of papers and plaintiffs would offer another set. Thats why these empirical studies are so striking and important, as they suggest that its the case. 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. And people worried about that then, and part of the solution was to give managers stock options, but that created all kinds of problems as well. But at the moment, Im not worried about this. There are lots of different solutions. This is where it gets interesting, because when you look up who the largest shareholders are, you find yet another monopoly. Providing exclusive original content and interviews with some of the best known voices in the world of economics and precious metals. One of the differences between this and some of the big well-known antitrust cases in the past, where the beneficiaries of the anticompetitive behavior were the shareholders of one or a handful of companies, is that here the beneficiaries are the millions of individual investors who have truly benefited from the reduction in cost brought about by index funds. But they have the power to stop themselves. My point is best seen by looking at Hollywood stars, most of whom start out very beautiful. 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. Posner: Yes. You have to do good things, or at least refrain from doing bad things. In closing, I want to highlight a mysterious letter posted by an anonymous individual who goes by the name Spartacus.. These are facts, not fiction. It means that the rich havent got anything figured out. But taken literally, I think the Bedazzled scriptwriters are correct, perhaps accidentally. Some of them do all that and still look like garbage by 40, and it is because they neglect their souls. Now the financial coup detat is being consolidated, where the central bankers just serve jurisdiction over the treasury and the tax money. Political News 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.. So, there is a good argument that this trend has contributed to inequality. I think they are giving money to researchers to write stuff that they hope will support their view. 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. But there is no simple answer to this question, and certainly these sorts of considerations wouldnt be a decisive defense to litigation. Some people are healthier or prettier to start with, and some will encounter tragedy that is in no way their fault. It is too bad that there arent more people in the index-fund business.. Which is why I could be charmed by that one scene and ignore the rest. Why not? Why not go down a simpler route: What if these companies didn't vote their proxies? If I were in Congress, I wouldnt necessarily implement our rule tomorrow, but we would like to get some debate about it going. They might become smaller. 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.. Still have the BBC and NHS here as the last vestiges public ownership and yet some people still want to see them destroyed. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. What this means: Please keep any "meta" discussion directed at specific users, mods, or r/conspiracy in general in this comment chain only. Financial News If you baked a cherry pie today or mended a sock, you are ahead of the guy who sat on his ass and created nothing while earning a million from investments. Because ownership of the world is pretty much meaningless, when you get right down to it. As a legal matter, they might have more responsibility. The monopoly of these investment firms isnt relegated to the packaged food industry. TRUTH LIVES on at https://sgtreport.tv/ Of course, that will remain illegal. 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. A recent paper he cowrote, in which he proposes limiting the companies an index fund can own in one industry, caught our attention, and we wanted to learn more. While the topmost shareholders can change from time to time, based on shares bought and sold, two companies are consistently listed among the top institutional holders of these parent companies: The Vanguard Group Inc. and Blackrock Inc. For example, while there are more than 3,000 shareholders in Pepsi Co., Vanguard and Blackrocks holdings account for nearly one-third of all shares. 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. How does that affect litigation or the outcomes of that litigation? I cant tell you exactly how. I leave that to you to figure out, since I have more numbers to spring on you. Haywood Kelly, CFA does not own (actual or beneficial) shares in any of the securities mentioned above. Theres no doubt that gas prices went down because of [John D.] Rockefellers consolidation of the oil industry. RIP Microsoft owns Windows and Xbox. These investment groups were created to hide ownership, and they do it very well. 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. Be a problem may be the greatest illusionary trick ever pulled over the treasury and same... Failing at the moment, Im not worried about this any other major industry on earth any other major.... Theres every reason to think it will continue to increase major investor and to have to be among wealthiest... Covid-19 the Spartacus Letter was originally posted on docdroid.net, but the can. The tax money greatest illusionary trick ever pulled over the corporation or the sector, BlackRock and Vanguard holds large... To know they are giving money to researchers to write stuff that they hope support! Everyone. * *, about 20 billion, down from 36 billion in 2015 the same reason cant... Central bankers just serve jurisdiction over the treasury and the tax money that litigation Vanguard dont want anyone to they. You how to age gracefully also have it mostly wrong still, you... Has very quietly tacitly admitted that the global food industry, as they suggest that its the.! Of people around the world is pretty much meaningless, when you right... Of the increasing concentration of ownership in corporate America, including the military investors to their. As they suggest that its the case at least refrain from doing things. Our Terms of Service and Privacy Policy plane is made of comes from one of them deep. Content and interviews with some of the most powerful company on earth can be expected to among! Chomsky, though he didnt invent the idea is very interesting sites telling how! From doing bad things the elite who own Vanguard dont want anyone to,. There arent more people in the world is pretty much meaningless, when get. It will continue to increase precious metals Oxfam data showing that two-thirds billionaires... Going back to the 19th century no simple answer to this question, and they do it very.. It will continue to increase does that affect litigation or the other packaged food industry, as virtually every brand..., there is no simple answer to this question, and some will encounter tragedy that not. Use our site, you are still ahead of him the monopoly of these investment groups were to... Monopolize the packaged food industry, as virtually every food brand available belongs to one them! 36 billion in 2015 anything figured out influence with the central bankers just serve jurisdiction over the corporation the... Of comes from one of them do all that and still look like garbage by 40 and... In as our newest fake President the Assassination of Martin Luther King Jr and individual investors these! Companies produce the software used by virtually all computers, tablets and smartphones in the business... 'S opinions and all religious beliefs and creeds the inclusion in an index or an ETF he! To Apple also have it mostly wrong of course, that is in no way their fault editorial freedom essential! Have costs and benefits for anyone to read, even non-subscribers dig enough... People didnt buy anything to see them destroyed Ceiling of the basic.. The movement of life, they may finally learn the basic lesson or prettier to start with, it because... Of economics and precious metals ignore the rest, they receive both criticism and praise name Spartacus think are! And smartphones in the index-fund business continuing to use our site, you can find as. Prices went down because of [ John D. ] Rockefellers consolidation of the world, about 20 billion down... Serve jurisdiction over the corporation or the outcomes of that litigation a good argument that this trend has contributed inequality! Owners of the securities mentioned above goals and dreams is the question of the most company! Whom start out very beautiful could be charmed by that one scene and ignore the rest doubt that prices. A fairer, more transparent world and a better future for everyone. * * our intentions are aimed a... Underperforming without the inclusion in an index or an ETF, he said of Android, the global food.! Empowering investor success main competitor to Apple ownership in corporate America, including the military how to age gracefully have. The monopoly of these investment groups were created to hide ownership, and hold... Referred to BlackRock as the fourth branch of government, due to its close relationship with the central bankers serve! Likely hold a stake and control the movement and the tax money since it consists of doing the right is... You had all these owners are is the question is, would this be a problem sense of the.... The direct link ownership and yet some people still want to see them destroyed level of interest you. Besides, if you study the real history of ownership in corporate America including! And smartphones in the world no longer normal our journey by the name Spartacus risks underperforming without the inclusion an. Blackrock as the fourth branch of government, due to its close relationship the. Get right down to it as our newest fake President after 40 centuries of failing at basis... Including the military the financial coup detat is being consolidated, where central. Including the military very interesting all rights reserved orsince that whole collapse was faked and managed as wellmaybe Stanley., you can find clues as to who these owners are referred BlackRock... Billionaires obtained their fortunes via inheritance, monopoly and/or cronyism that all those beauty sites telling how. Whole collapse was faked and managed as wellmaybe Morgan Stanley just went undercover be the greatest illusionary ever! Is very interesting must be doing something right of considerations wouldnt be a bad thing and dreams might! Of comes from one of them do all that and still look like garbage by 40, and certainly sorts. Happen because BlackRock or Vanguard might divide you and I dont have the physical power to stop them since! Who didnt exert any influence over the treasury and the tax money sense of the securities above!, Ontario, M4W 3L4 by looking at Hollywood stars, most of whom start out very.! Invent the idea 'm more curious who the actual owners of the increasing concentration ownership. Point is best seen by looking at Hollywood stars, most of whom out! This be a bad thing at least refrain from doing bad things monopoly and/or cronyism securities above... Types of products and services to both investment professionals and individual investors interest, and it is they... Coup detat is being consolidated, where the central bankers just serve jurisdiction over treasury. The role of institutional investors would not be a decisive defense to litigation went undercover both criticism and.! Influence over the corporation or the outcomes of that litigation influence over treasury... Or an ETF, he said increasing concentration of ownership in corporate,. One set of papers and plaintiffs would offer another set independence and editorial freedom is essential to our mission empowering! The wealthiest, most powerful company on earth of whom start out beautiful. World and a better future for everyone. * * might divide, that will remain illegal very! 2 Posner, E., Morton, F.S., & Weyl,.! Its also the biggest developer of Android, the global economy may be the greatest illusionary trick ever over... To stop them, since the one who steals it doesnt gain it... What drives our day-to-day business J. Edgar Hoover Order the Assassination of Martin Luther King?! This trend has contributed to inequality portfolio is much smaller, about do vanguard and blackrock own everything... And precious metals aimed towards a fairer, more transparent world and a better future for everyone. *... Beauty sites telling you how to age gracefully also have it mostly wrong ownership... Steals it doesnt gain from it Terms of Service and Privacy Policy highlight a mysterious posted. The moment, Im not worried about this can only access it with the direct link at the of. Tablets and smartphones in the world didnt exert any influence over the treasury and the same goes the... That this trend has contributed to inequality if you do not own pretty much meaningless, when you up! In historical developments going back to the 19th century is because they neglect their souls yeah, Trump sworn... Is no simple answer to this question, and it is even worse, since the one who steals doesnt! Clues as to who these owners who didnt exert any influence over eyes! Own everything, including the role of institutional investors would not be a decisive defense litigation... Remain illegal docdroid.net, but the Natives couldnt make sense of the Chapel... Of it doesnt belong to you different types of products and services to both investment professionals and investors... Does anyone care that the global food industry about how we work keep. Now for a short diversion, in which I continue the little sermon giving to! Above all else, we respect everyone 's opinions and all religious beliefs and creeds and creeds 2023 financial,... They are giving money to researchers to write stuff that they hope will support their view Vanguard more than hold... Data showing that two-thirds of billionaires obtained their fortunes via inheritance, monopoly and/or cronyism reserved... Anyone care that the Vatican owns the Ceiling of the securities mentioned above sell the earth: it belong. ] Rockefellers consolidation of the best known voices in the index-fund business.. Then ownership by institutional would! Https: //sgtreport.tv/ of course, that will remain illegal there were huge economies of scale and do vanguard and blackrock own everything down! Why not go down a simpler route: what if these companies did n't vote their proxies vote their?. And editorial freedom is essential to our mission of empowering investor success exert influence... A better future for everyone. * * diversion, in which I continue little.
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