MCViewPoint

Opinion from a Libertarian ViewPoint

Global Elite Use 3 Giant Financial Companies To Control 88% Of The Corporations Listed On The S&P 500 – Activist Post

Posted by M. C. on June 4, 2021

For example, last month BlackRock and Vanguard were instrumental in installing two new members on ExxonMobil’s board of directors

ExxonMobil did not want these new board members, but now they have been forced to take them.

And these new board members will help to ensure that ExxonMobil becomes more fully aligned with the climate agenda of the global elite.

https://www.activistpost.com/2021/06/global-elite-use-3-giant-financial-companies-to-control-88-of-the-corporations-listed-on-the-sp-500.html

By Michael Snyder

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.

According to CNN, those companies have a combined 15 trillion dollars in combined assets under management…

BlackRock, Vanguard and State Street manage a stunning $15 trillion in combined assets, equivalent to more than three-quarters the size of the US economy.

But that is actually an old number.

I wanted to come up with a newer number, and so I started digging.

According to Wikipedia, BlackRock had $8.67 trillion in assets under management as of January 2021…

BlackRock, Inc. is an American multinational investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world’s largest asset manager, with $8.67 trillion in assets under management as of January 2021.[citation needed][6] BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries.[7]

Vanguard is nearly as big.  According to Wikipedia, Vanguard had $6.2 trillion in assets under management as of January 2021…

The Vanguard Group, Inc. is an American registered investment advisor based in Malvern, Pennsylvania with about $6.2 trillion in global assets under management, as of January 31, 2020.[5] It is the largest provider of mutual funds and the second-largest provider of exchange-traded funds (ETFs) in the world after BlackRock’s iShares.[6] In addition to mutual funds and ETFs, Vanguard offers brokerage services, variable and fixed annuities, educational account services, financial planning, asset management, and trust services. Several mutual funds managed by Vanguard are ranked at the top of the list of US mutual funds by assets under management.[7]

While not as large as the other two, State Street had $3.1 trillion in assets under management as of the first month of this year.

See the rest here

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

Be seeing you

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