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Opinion from a Libertarian ViewPoint

Posts Tagged ‘Vanguard’

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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Life in the Marxist Age – American Free Press

Posted by M. C. on August 4, 2019

http://americanfreepress.net/life-in-the-marxist-age/

By Donald Jeffries

Portland State University philosophy professor Peter Boghossian recently attempted to expose how ludicrous political correctness has become. Unfortunately for him, his attempt succeeded all too well—and now he may be out of a job.

Over the course of a few years, Boghossian and two academics produced 20 hoax essays, collectively called “the Grievance Studies” experiment, that were written to be as ridiculous as possible and designed to appeal to small special interest groups made up of mostly far-left scholars.

Seven of Boghossian’s bogus studies were accepted for publication by social science journals, including a feminist rewrite of Hitler’s Mein Kampf. The journal Gender, Place, and Culture bit on a piece claiming to study “canine rape culture.”

In that study, Boghossian and his colleagues charged that, “dog parks are rape-condoning spaces and a place of rampant canine rape culture and systemic oppression against ‘the oppressed dog’ through which human attitudes to both problems can be measured.” Boghossian’s team even claimed to have “tactfully inspected the genitals of slightly fewer than 10,000 dogs whilst interrogating owners as to their sexuality.”

In another eagerly accepted article, the hoaxers demanded that the world of bodybuilding recognize “fat bodybuilding, as a fat-inclusive politicized performance.”

For his efforts, which once brought to light should have caused academia to engage in some self-analysis, Portland State University moved to fire Boghossian.

“I truly hope the administration puts its institutional weight behind the pursuit of truth, but I’ve been given no indication that’s what they intend to do,” Boghossian said.

All of the journals involved are part of the dubious field of “grievance studies.” Some in the mainstream media attempted to rationalize and defend academia’s attachment to the most extreme, and in these cases totally fabricated, areas of identity politics that focus on gender and race.

A group of 11 Portland State professors and one graduate student published an anonymous letter in the student newspaper Vanguard, which featured a menacing image of Boghossian equipped with a Pinocchio nose. They charged Boghossian’s team with repeated “fraudulent behavior violating acceptable norms of research in any discipline” and castigated the beleaguered professor for inviting James Damore, who was fired by Google for exercising his right to free speech, to an event at the university.

“Boghossian has not only indicated his less-than-collegial attitude through his hoaxes,” they charged, “but has actively targeted faculty at other institutions. None of us wish to contend with threats of death and assault from online trolls.”

.

Some in the academic world displayed a degree of rationality. Yascha Mounk, a Harvard lecturer in government, condemned what he viewed as unfair attempts to undermine the hoaxers.

“Even if all of the charges laid at the feet of Boghossian [and the two other authors] were true, they would have demonstrated a very worrying fact,” Mounk wrote. “Some of the leading journals in areas like gender studies have failed to distinguish between real scholarship and intellectually vacuous as well as morally troubling [expletive deleted].”

In a recent YouTube video, Boghossian read out an email from Portland State, which threatened an investigation and sanctions against him.

“I think that they will do everything and anything in their power to get me out,” he stated. “And I think this is the first shot in that.”

Boghossian’s case is merely the latest example of political correctness run amok on college campuses across the country. Earlier this month, it was widely reported that Washington, D.C.’s American University would be hosting a multisession seminar aimed at getting faculty to combat “white language supremacy.” The seminar will also propose “alternative” methods of assessing writing other than quality, such as “labor-based grading contracts.”

While even the most unthreatening and lukewarm “conservative” voices have been denied the opportunity to speak at various universities, some astonishingly anti-white figures have been welcomed.

Christian evangelical Wheaton College, not a typical leftist institution, permitted Emory University philosophy professor George Yancy to speak there in 2017, in the esteemed Billy Graham Center on campus. His speech was filled with expletives and hateful declarations like, “To be white is to be racist.” Stephens College, a women’s college in Columbia, Mo., recently announced that it will “admit and enroll students who were not born female, but who identify and live as women.” All-women Mount Holyoke College canceled plans to change its logo due to protests that it could be perceived as not being inclusive to transgender students.

Boghossian merely demonstrated what is obvious: In today’s America, satire is impossible while a frighteningly authoritarian political correctness rules the day.

Be seeing you

offended

Citizen: “What are you protesting against” Johnny: “What have you got?” The Wild One

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