Are 88% Of The Corporations Listed On The S&P 500 Controlled By The Global Elite Using Three Giant Financial Companies?
Posted by freedomforall 3 years, 6 months ago to Business
Excerpt:
"There is no question that large corporations absolutely dominate our society today. They control what we eat, they control what we watch on television, they own most of the stores that we shop at, they provide the energy that our nation depends upon, and they make almost all of the products that we use. Tens of millions of Americans make a living by serving these colossal firms, and at this point some of the biggest corporations are larger than many small countries. But of course the corporations aren’t the top of the food chain. They have owners, and there are 3 giant financial companies that the global elite use to control 88 percent of the corporations that are currently listed on the S&P 500.
The three financial companies that I am talking about are BlackRock, Vanguard and State Street.
Those “big three” had almost 18 trillion dollars in assets under management in January 2021, and that number is almost certainly quite a bit higher by now."
"There is no question that large corporations absolutely dominate our society today. They control what we eat, they control what we watch on television, they own most of the stores that we shop at, they provide the energy that our nation depends upon, and they make almost all of the products that we use. Tens of millions of Americans make a living by serving these colossal firms, and at this point some of the biggest corporations are larger than many small countries. But of course the corporations aren’t the top of the food chain. They have owners, and there are 3 giant financial companies that the global elite use to control 88 percent of the corporations that are currently listed on the S&P 500.
The three financial companies that I am talking about are BlackRock, Vanguard and State Street.
Those “big three” had almost 18 trillion dollars in assets under management in January 2021, and that number is almost certainly quite a bit higher by now."
But since the Great Depression, or arguably the creation of the income tax and the Fed, both banking and investment banking have been so overregulated that few new companies are created in those fields. So it's not a surprise that ownership of most publicly traded companies have become concentrated in a few firms which are banking firms.
What is not mentioned here is that the largest financial firms, including Chase and Visa, are creating blacklists of people who for political reasons are not allowed to have bank accounts -- and are working to cut back the availability of services that can be used to send or receive money if you're on the blacklists. When completed this will be our own "social credit score" system, with as much of a monopoly as the Chinese one and as little accountability, and the Deep State pulling the strings.
We need to join or create alternatives to that system, preferably while it's still legally possible.
Sorass/wuus/jobs/gates are just useful idiots.
I remember when I did a lot of work with Franklin Templeton. I like that company. When the city of Stockton declared bankruptcy and said they were going to shaft the bond holders while still paying their pensions it was Franklin that lead the fight in court to uphold long-standing Federal regs that Stockton was going to violate. Ultimately, Stockton won that one...setting up a precedent that will surely haunt us.
The devil is in the lobbying...