“The smaller investors are owned by larger investors. Those are owned by even bigger investors. The visible top of this pyramid shows only two companies whose names we have often seen…They are Vanguard and BlackRock. The power of these two companies is beyond your imagination. Not only do they own a large part of the stocks of nearly all big companies but also the stocks of the investors in those companies. This gives them a complete monopoly.
A Bloomberg report states that both these companies in the year 2028, together will have investments in the amount of 20 trillion dollars. That means that they will own almost everything.
Bloomberg calls BlackRock “The fourth branch of government”, because it’s the only private agency that closely works with the central banks. BlackRock lends money to the central bank but it’s also the advisor. It also develops the software the central bank uses. Many BlackRock employees were in the White House with Bush and Obama. Its CEO. Larry Fink can count on a warm welcome from leaders and politicians. Not so strange, if you know that he is the front man of the ruling company but Larry Fink does not pull the strings himself.
BlackRock, itself is also owned by shareholders. Who are those shareholders? We come to a strange conclusion. The biggest shareholder is Vanguard. But now he gets murky. Vanguard is a private company and we cannot see who the shareholders are. The elite who own Vanguard apparently do not like being in the spotlight but of course they cannot hide from who is willing to dig.
Reports from Oxfam and Bloomberg say that 1% of the world, together owns more money than the other 99%. Even worse, Oxfam says that 82% of all earned money in 2017 went to this 1%.
In other words, these two investment companies, Vanguard and BlackRock hold a monopoly in all industries in the world and they, in turn are owned by the richest families in the world, some of whom are royalty and who have been very rich since before the Industrial Revolution. Why doesn’t everybody know this? Why aren’t there movies and documentaries about this? Why isn’t it in the news? Because 90% of the international media is owned by nine media conglomerates.
Covid Lie asks, “Who sponsors the organization and press agencies that produce our news? With Project Syndicate, we see the Bill and Melinda Gates Foundation, the Open Society Foundation and the European Journalism Centre. The organizations that bring the news get paid by non-profit organizations, of the same elite that also owns the entire media but also a part of taxpayers money is used to pay them.”
Or, as George Carlin said, “It’s a small club and you ain’t in it.”