Follow the Money...
Have you ever heard that phrase before?
In the world today who do you think owns almost all of the companies that we as the common people use?
There are basically two companies that own all of the major companies in the world today.
These two companies are Vanguard and BlackRock both of which are considered “Asset Management” companies.
Who do you think owns Vanguard and BlackRock?
Vanguard set out in 1975 under a radical ownership structure that remains unique in the asset management industry. The company is owned by its member funds, which in turn are owned by fund shareholders. (Currently 8.1 Trillion dollars.)
The Top 5 Owners of Vanguard are as follows:
- Blackrock Fund Advisors
- Dimensional Fund Advisors
- The Vanguard Group Inc.
- Wellington Management Company
- SsgA Funds Management
BlackRock is owned by Larry Fink who is the Founder, CEO, and Chairman. He and seven partners formed BlackRock in 1988. (Currently over 10 Trillion dollars.)
The seven partners are:
- Robert S. Kapito
- Susan Wagner
- Barbara Novick
- Ben Golub
- Hugh Frater
- Ralph Schlosstein
- Keith Anderson
Both companies are also heavily invested in each other's company and their holdings.
Do you see any problems with this arrangement?
Do any of the names mentioned here mean anything to you?
Maybe, it's time you start doing some of your own research and start looking at the bigger financial picture that is currently happening in the world around us today.
The time for being uninformed or uneducated has to come to an end and educated and informed people need to start being aware and standing up to be heard.
What are your thoughts on this?
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