1 See, for example, Azar, J., Schmalz, M., & Tecu, I. 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. I watched Bedazzled for the first time last week, and there is a surprisingly charming scene where Brendan Frasers character is told by another character not to worry: he shouldnt fret about any deal with the devil because he cant sell his soul anyway. Technology They are owned by the same people, so competition would be illogical. Among his research interests is the question of the increasing concentration of ownership in corporate America, including the role of institutional investors. They may indeed hope you read that scene wrong, and some people will. At the top of the pyramid the largest Russian doll of all we find Vanguard and Blackrock. Heres a sampling: You can continue going through the list of tech brands companies that build computers, smart phones, electronics and household appliances and youll repeatedly find Vanguard, Blackrock, Berkshire Hathaway and State Street Corporation among the top shareholders. 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. Maybe it was required that they actually gain the whole world before they could lose it. These four Vanguard, Blackrock, State Street and Berkshire Hathaway are the four largest investment firms on the planet. If you believe that, you need serious help from Makemake. Posner: Under Section 7 of the Clayton Act,3 its illegal for investors to buy shares of companies if the effect of the purchases would be anticompetitive. Trump is 23 times further up Goldman Sachs wazoo than Obama was? Together, BlackRock and Vanguard own 18% of Fox, 16% of CBS, 13% of Comast which owns NBC, MSNBC, CNBC, and the Sky media group, 12% of CNN, and 12% of Disney which owns a number of subsidiaries. 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. China History That could inflate or depress the price of these securities versus similar un-indexed assets, which may create bubbles and volatile price movements. Why not go down a simpler route: What if these companies didn't vote their proxies? Copyright 2023 Morningstar, Inc. All rights reserved. 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? 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. These investment groups were created to hide ownership, and they do it very well. They have investment holdings in Google, YouTube, Facebook . Supposedly, PepsiCo is Coca Colas competitor, Apple and Android vie for your loyalty and drug companies battle for your health care dollars. Were not near a tipping point yet. 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. The gods must see ownership as a joke, or worse, since how can we buy and sell what we did not create? BlackRock and Vanguard form a secret monopoly that owns just about everything else you can think of too. But I did find some information that is not hidden which is very interesting. The companies hold more than 5 per cent of more than 4,400 stocks around the world, research from the University of Amsterdam shows. We look for a hotel or an apartment through Bookings.com or AirBnB.com. Two towers of power are dominating the future of investing. But they also understood that the immense size of these companies posed a threat to market competition. 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. Thats the idea. I mean that even if the gods arent watching or keeping score, you are still ahead of him. If they were to concentrate in one company and if their market share continues to grow, you could imagine a case where Vanguard owns a majority or close to a majority of one competitor and BlackRock owns close to a majority stake in another competitor, which seems to bring a whole host of other questions into play. What Id like to see them do is provide data to independent academics. Its closer than you think. Workers are probably losing, wealthy people are doing very well, middle-class people are somewhere in the middle. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. 2017. So, should this make you suicidal? If I am just an ordinary person and I want to be fully exposed to the stock market, there is not a whole lot of difference between owning stock in one company per industry as opposed to owning stock in every single company in the market. I am telling them there is a solution to their problem, and it costs very little. The capital markets adjust to work around the constraints created by the government. But I do think that its a big part of the puzzle. I am talking about the shining through beauty, which anyone can have, and anyone can lose. There is a general tendency of capital markets to become concentrated. Drugs In turn, BlackRock has been called the "Fourth Branch of Government" by Bloomberg as they are the only private firm that has financial agreements to lend money to the central banking system. She is known as one of the dumbest people in Hollywood, and that may be her saving grace here. I am not really sure how to explain that, but my feeling is that she is protected by her own ignorance. In the meantime, you could see lots of smaller asset managers who could have 1% in all the airlines. But I am not talking about that kind of beauty anyway. 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. Still have the BBC and NHS here as the last vestiges public ownership and yet some people still want to see them destroyed. As usual, that information is denied us. If anyone cares about Beatles songs, they care who wrote them and sang them, and only that. The bank found that, for the average stock in the S&P 500, 77 per cent might trade on fundamentals, versus more than 90 per cent a decade ago. Because I have no desire to own the world or any of those companies. Tech News No, they wont live forever, but the wise dont wish to live forever anyway. If they keep the shine, it is for a reason. Their combined $22 trillion in managed assets is. Find out about Morningstars But at the moment, Im not worried about this. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. 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. 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. 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. Respect other views and opinions, and keep an open mind. World Politics. As with the Forbes lists, the richest people are permanently hidden: they dont make any published lists. Have a question? The company's earnings release and supplemental materials are . Not only is Blackrock the biggest of them all, but it's also a major shareholder in the others. I wont name any names, because I dont need to. Everything. BlackRock and Vanguard are currently the top two owners of Time Warner, Comcast, Disney and News Corp. Your soul shines through your face. Do you think the debate has reached a point where you could see such lawsuits? Among the top 10 largest tech companies we find Apple, Samsung, Alphabet (parent company of Google), Microsoft, Huawei, Dell, IBM and Sony. 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. Owning the world doesnt even really register in my psyche. I am a bot, and this action was performed automatically. It's the way of the world, and nothing new. This is a forum for free thinking, not hate speech. We apologize, but this video has failed to load. Posner: Yes. Most people have little exposure to the stock market or none at all. They took it, which is not at all the same thing. 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. What would rules look like that might address this problem? He may think he does, since he puts it in a gain pile and adds it to his total wealth. So, there is a good argument that this trend has contributed to inequality. It is as real as your arm or your leg. We sell different types of products and services to both investment professionals and individual investors. There are, for example, very high airline ticket prices relative to what you would have otherwise. 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. It isnt that easy. Well, it isnt that simple, but it is that easy. 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. 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). Rachel Evans, Sabrina Willmer, Nick Baker and Brandon Kochkodin, tap here to see other videos from our team. We wrote a paper together, and we wrote some op-eds. Thats not BlackRocks experience. The letter starts out saying, My name is Spartacus, and Ive had enough: We are watching the medical establishment inject literal poison into millions of our fellow Americans without so much as a fight. If they continued to be passive, as they claim they are now, there wouldnt be any anticompetitive effect. What this means: Please keep any "meta" discussion directed at specific users, mods, or r/conspiracy in general in this comment chain only. There are other sorts of complications and questions, but antitrust law is a flexible area of the law, and of course, [lawyers] are often aggressive or creative. Thats because their stock risks underperforming without the inclusion in an index or an ETF, he said. 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