Are 88% Of The Corporations Listed On The S&P 500 Controlled By The Global Elite Using Three Giant Financial Companies?

Posted by freedomforall 6 months ago to Business
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"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."

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  • Posted by $ jdg 6 months ago
    In a true free market, competitions would not end in monopolies -- indeed most of them would never end at all.

    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.
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  • Posted by 6 months ago
    "Combined, BlackRock, State Street and Vanguard are the largest owner in 88% of the S&P 500 companies, according to a paper published Tuesday by the American Economic Liberties Project, a group that launched in February taking aim at what it sees as excessive corporate power. For instance, the Big Three hold leading stakes in companies including Apple (AAPL), JPMorgan Chase (JPM) and Pfizer (PFE)."
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  • Posted by $ Abaco 6 months ago
    I think this article is a bit of a stretch. "Collectively, the “big three” represent the largest ownership blocks in 88 percent of the companies that are currently listed on the S&P 500…" So, therefore they are controlling our lives? FWIW, I've owned "blocks" in 100% of the S&P 500 at one time. My point is that it feels like they're trying to take a leap here based on these figures given. I'm much, much more concerned with lobbying of lawmakers. That's where the scat hits the oscillating wind maker. I've done work with Vanguard and a little with BlackRock. They're just retail investment product producers whos clients, along with State Street may be combined to equate to the largest holder. It's not like they are giant prop trading shops who gobble up wall street.

    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...
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