Who runs the world? Blackrock and Vanguard [Archive] - Debate Policy

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SassyLady

08-27-2021, 02:21 AM

I've seen stuff about these two companies before but this article sums it up pretty good with lots of details. Read more in article. To long to post here.

https://www.lewrockwell.com/2021/04/bill-sardi/who-runs-the-world-blackrock-and-vanguard/

If you’ve been wondering how the world economy has been hijacked and humanity has been kidnapped by a completely bogus narrative, look no further than this video by Dutch creator, Covid Lie.
What she uncovers is that the stock of the world’s largest corporations are owned by the same institutional investors. They all own each other. This means that “competing” brands, like Coke and Pepsi aren’t really competitors, at all, since their stock is owned by exactly the same investment companies, investment funds, insurance companies, banks and in some cases, governments. This is the case, across all industries. As she says:
“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.

Juicer66

08-27-2021, 04:03 AM

Since you raise this very interesting subject , which I have followed over decades , I mention the estimated 1800 private contractors who will remain in Afghanistan to ensure that the Drugs revenue is not interrupted .

All presumably reporting direct to the CIA and/or those parts of the Shadow Government who are truly in charge . Or , more in charge .

Just saying .

revelarts

08-27-2021, 07:12 AM

fj1200

08-27-2021, 08:15 AM

Juicer66

08-27-2021, 08:29 AM

Hmmm

interesting world

Will further pique your interest:-

Alfred W. McCoy, the acclaimed historian who unearthed CIA collaboration with opiate trafficking in Indochina, not long ago chronicled the imminent downfall of the US as a superpower in In the Shadows of American History: The Rise and Decline of US Global Power.In his work, McCoy notes how the US has set out to fulfill the “Heartland Theory” geostrategy envisioned by the architect of modern geopolitics, Sir Halford Mackinder, in his influential 1904 paper “The Geographical Pivot of History.” The English analyst reconceived the continents as poles of interconnected global power and cited the way in which the British Empire joined with the other Western European nations in the 19th century to prevent Russian imperial expansionism in “The Great Game” with Afghanistan serving as a battleground.
Fearing that the Russian Empire would enlarge toward the south, the British sent forces to Afghanistan as a containment strategy, a decision which ultimately proved to be a humiliating defeat for the East India Company but according to Mackinder blocked the Russian sphere of influence in British India. He then theorized that the country which conquered the Eurasian ‘Heartland’ of the Russian core would come to dominate the world.

Juicer66

08-27-2021, 08:33 AM

No. Just no.
Neither of those companies "run the world." They invest money for people, some rich some poor, for people who invest in the stock market by mutual funds. In IRAs, 401ks, brokerage accounts, etc. These things aren't mysteries.

An utterly charming world view .

It would be cruel to educate you to the real world .And of course Santa is Covid free .

fj1200

08-27-2021, 08:47 AM

An utterly charming world view .

It would be cruel to educate you to the real world .And of course Santa is Covid free .

I'm sorry that the facts I posted confuse you. The fear that consumes your life seems fairly debilitating for you.

SassyLady

08-27-2021, 10:43 AM

No. Just no. Blackrock is publicly traded which means it's owned by investors with a market cap of $143 billion. Do you want to know who owns them? Look right here...

https://money.cnn.com/quote/shareholders/shareholders.html?symb=BLK&subView=institutional

Blackrock invests institutional money for investors and has $9.5 trillion in Assets Under Management. Want to know what they own and which funds they offer? Look right here...

https://docoh.com/company/1364742/BLK

and here...

https://mutualfunds.com/fund-company/blackrock-funds/

Neither of those companies "run the world." They invest money for people, some rich some poor, for people who invest in the stock market by mutual funds. In IRAs, 401ks, brokerage accounts, etc. These things aren't mysteries.

The 79.54% of BLK shares held by institutional investors is a greater percentage than is typically held for stocks in the Investment Managers industry.
Looks to me like Blackrock owns majority of Vanguard and vice versa.

May be publicly traded but who owns majority?

Tyr-Ziu Saxnot

08-27-2021, 11:25 AM

Tyr-Ziu Saxnot

08-27-2021, 11:30 AM

who runs the world..
Short answer is-- the globalists -.......---Tyr

**************
https://www.dissentmagazine.org/article/neoliberalism-world-order-review-quinn-slobodian-globalists

Neoliberalism’s World Order
Since its inception, neoliberalism has sought not to demolish the state, but to create an international order strong enough to override democracy in the service of private property.

Adam Tooze ▪ Summer 2018

Pascal Lamy, former director-general of the World Trade Organization, leads a meeting of WTO ministers, July 2008 (© WTO / Flickr)
Globalists: The End of Empire and the Birth of Neoliberalism
by Quinn Slobodian
Harvard University Press, 2018, 400 pp.

Neoliberalism has many histories. Milton Friedman, the Chicago school, Pinochet, Thatcher and Reagan’s market revolution, IMF structural adjustment, and shock-therapy transition programs for the post-Communist states are all fixtures in the narrative of the neoliberal turn. If we wind the clock back to the aftermath of the Second World War, we can see precursors in the ordoliberalism of West Germany and the Mont Pèlerin gathering of 1947. If asked to name a founding moment, one might point to the Colloque Walter Lippmann of August 1938 in Paris. Those with a particular interest in the history of economic thought might go one step further back to the “socialist calculation debate” launched by the Austrian economist Ludwig von Mises in 1920, in which he articulated a fundamental critique of the logical possibility of socialist central planning.

All this is familiar to scholars. Globalists, from Wellesley historian Quinn Slobodian, is important because it provides a new frame for the history of this movement. For Slobodian, the earliest and most authentic brand of neoliberalism was from the outset defined by its preoccupation with the question of world economic integration and disintegration. In the 1970s, neoliberalism’s proponents would help unleash the wave of globalization that has swept the world. But, as Slobodian shows, their advocacy for free trade and the liberalization of capital movement goes back to neoliberalism’s founding moments in the wake of the First World War. The movement was born as a passionately conservative reaction to a post-imperial moment—not in the 1950s and ’60s but amidst the ruins of the Habsburg empire. Torn apart by self-determination, the collapse of the Austro-Hungarian Dual Monarchy in 1918 was not just the failure of a complex multinational polity. In the eyes of von Mises and his ideological allies, it threw into question the order of private property. It was the First World War and the Great Depression that birthed democratic nation-states, which no longer merely shielded private property but claimed control over a national economy conceived of as a resource to be supervised by the state. Private property that had once been secured by a remote but even-handed imperial sovereign was now at the mercy of national democracy.

Faced with this shocking transformation, neoliberals set out not to demolish the state but to create an international order strong enough to contain the dangerous forces of democracy and encase the private economy in its own autonomous sphere. Before they gathered at Mont Pèlerin, von Mises hosted the original meetings of the neoliberals in the Vienna Chamber of Commerce, where he and his colleagues called for the rolling back of Austrian socialism. They did not think that fascism offered a long-term solution, but, given the threat of revolution, they welcomed Mussolini and the Blackshirts. As von Mises remarked in 1927, fascism “has, for the moment, saved European civilization.” Even in the late 1930s, Wilhelm Röpke, another leading neoliberal, would unabashedly declare that his desire for a strong state made him more “fascist” than many of his readers understood. We should not take this as a light-hearted quip.

The neoliberals were lobbyists for capital. But they were never only that. Working alongside von Mises, the young Friedrich Hayek and Gottfried Haberler were employed in empirical economic research. And it was the networks of interwar business-cycle research that drew key figures from Vienna to Geneva, then home to the League of Nations. The Swiss idyll is the site for much of the rest of Slobodian’s narrative, giving its name to the brand of globalist neoliberalism he labels the “Geneva school.” In the 1930s the League of Nations was a gathering place for economic expertise from across the world. But as Slobodian shows, what marked the Geneva school of neoliberalism was a collective intellectual crisis. In the face of the Great Depression, they not only came to doubt the predictive power of business-cycle research, they came to see the very act of enumerating and counting “the economy” as itself a threat to the order of private property. It was when you conceived of the economy as an object, whether for purposes of scientific investigation or policy intervention, that you opened the door to redistributive, democratic economic policy. Following their own edicts, after crushing the labor movement, the next line of defense of private property was therefore to declare the economy unknowable. For the Austrian neoliberals, this called for reinvention. They stopped doing economics and remade themselves as theorists of law and society.

Evidently, this put them profoundly at odds with the technocratic spirit of the midcentury moment. The most famous expression of this alienation was Hayek’s The Road to Serfdom (1944), which takes up surprisingly little space in Slobodian’s account. In part, this is no doubt due to the focus of Hayek’s attack on European totalitarianism and the Beveridge plan for Britain’s postwar welfare state. Slobodian’s Geneva School neoliberals, by contrast, focused their attention on global political economy. In the aftermath of the Second World War, they struggled to defend capital mobility against the restrictions of Bretton Woods. In the 1960s they inveighed against the postcolonial order, rallied to Apartheid, and did their best to undercut the visions of a fairer and more regulated New International Economic Order pushed by the global South. The idea of a government-regulated system of exchange dominated by commodity producers was anathema to neoliberalism.

Slobodian gives us not only a new history of neoliberalism but a far more diverse image of global policy debates after 1945. Even in the heyday of Keynesianism and developmentalist policies, the neoliberals were never silenced. Neoliberalism was always part of the conversation, though it was not the secret blueprint of twentieth-century history. As Slobodian observes, from the 1930s, many neoliberal ideas were deliberately utopian. They weren’t aiming to change policy, at least not right away. Their interventions were polemics designed to break open the debate.

It was in the 1980s that the neoliberals’ long march through the institutions of global economic governance finally carried the day. In this Slobodian agreefocuses on the transnational dimension: the EU and the WTO. The protagonists of his story are people you have never heard of, second-generation students of the original Austro-German founders, trained as lawyers, not economists—men like Ernst-Joachim Mestmäker and Ernst-Ulrich Petersmann, who shaped the agenda in Brussels and helped to steer global trade policy.

It is a measure of the success of this fascinating, innovative history that it forces the question: after Slobodian’s reinterpretation, where does the critique of neoliberalism stand?

First and foremost, Slobodian has underlined the profound conservatism of the first generation of neoliberals and their fundamental hostility to democracy. What he has exposed, furthermore, is their deep commitment to empire as a restraint on the nation state. Notably, in the case of Wilhelm Röpke, this was reinforced by deep-seated anti-black racism. Throughout the 1960s Röpke was active on behalf of South Africa and Rhodesia in defense of what he saw as the last bastions of white civilization in the developing world. As late as the 1980s, members of the Mont Pèlerin Society argued that the white minority in South Africa could best be defended by weighting the voting system by the proportion of taxes paid. If this was liberalism it was not so much neo- as paleo-.

If racial hierarchy was one of the foundations of neoliberalism’s imagined global order, the other key constraint on the nation-state was the free flow of the factors of production. This is what made the restoration of capital mobility in the 1980s such a triumph. Following in the footsteps of the legal scholar and historian Samuel Moyn, one might remark that it was not by accident that the advent of radical capital mobility coincided with the advent of universal human rights. Both curtailed the sovereignty of nation states. Slobodian traces that intellectual and political association back to the 1940s, when Geneva school economists formulated the argument that an essential pillar of liberal freedom was the right of the wealthy to move their money across borders unimpeded by national government regulation. What they demanded, Slobodian quips, was the human right to capital flight.

That irony curdles somewhat when we recall the historical context. After 1933, the human right to capital flight was no neoliberal joke. Money was the binding constraint both on the ability of German and Austrian Jews to leave the Third Reich and on their being accepted by potential countries of refuge. It may be typical of neoliberal hyperbole that defenders of capital mobility accused the U.S. government of resorting to “Gestapo” methods in tracking down the wealth of “enemy aliens.” But it was no coincidence that Reinhard Heydrich, future head of the Gestapo and the architect of the Holocaust, made his leap to prominence in the Nazi regime in 1936 as head of the foreign-exchange investigation division of Hermann Göring’s Four Year Plan. The neoliberals are onto something in insisting on the interconnections between the movements of money and people. Certainly restricting the former is a sure way to restrict the latter, especially in a world of national welfare where the right to entry depends on proving that you need neither social assistance nor a job.

It was these entanglements of unfreedom that the Road to Serfdom dissected so effectively, which brings us to the ticklish question of its author. By the 1990s it can hardly be denied that neoliberalism was the dominant mode of policy in the EU, OECD, GATT, and WTO. But what kind of neoliberalism was it, and what has Hayek got to do with it? Slobodian works hard in his concluding chapter on the GATT and the WTO in the 1980s and 1990s to bring us back to the central Hayekian theme of the impossibility of representing the world economy as a whole. In the case of key personnel at the WTO, he can show direct neoliberal lineage. As a matter of intellectual biography this make sense. But as Slobodian knows only too well, there is an obvious counterargument to any claim that such organizations represent Hayekianism in action—Hayek’s profound skepticism toward anything that smacks of conventional economic policy, growthmanship, or, indeed, the very idea of the economy as such. This does not stop practical neoliberals from doing their stuff, any more than his disciples are bound to either the letter or the spirit of Keynes’s General Theory of Employment. Much of the political success of neoliberalism depends on the willingness of its practitioners to discard key ideas of its purist thinkers. What remains in real, “actually existing” neoliberalism is precisely its relentless emphasis on growth and competitiveness as the measure of all things.

The result as far as Hayek is concerned is profoundly ironic. After 1989 he was feted as the godfather of the global capitalist revival. No doubt, as a lifelong anti-Communist, he took satisfaction at the end of the Soviet regime. But for Hayek, the Cold War had never been more than a “silly competition” in which both sides took a crude quantitative measure of the economy as their benchmark of success and offered their citizens essentially the same promises. Turbo capitalism of the Friedmanite-Reagnite variety was, for Hayek, “every bit as dangerous” as anything Keynes ever proposed.

In a world framed by what, according to Slobodian, ought to be considered a contradiction in terms—neoliberal growthmanship—how should the left respond?

The overwhelming stress on the priority of “the economy” and its imperatives leads many on the left to adopt a position that mirrors Hayek’s. Following thinkers like Karl Polanyi, they criticize the way that “the economy” has assumed an almost godlike authority. Nor is it by accident that the libertarian left shares Hayek’s distaste for top-down economic policy, what the political scientist James Scott has dubbed “seeing like a state.” As the neoliberals realized in the 1930s, the nation-state and the national economy are twins. If this remains somewhat veiled in the histories of countries like France and the United Kingdom, the conjoined emergence of state power and the developmental imperative was stamped on the face of the postcolonial world.

Such critiques can be radically illuminating by exposing the foundations of key concepts of modernity. But where do they lead? For Hayek this was not a question. The entire point was to silence policy debate. By focusing on broad questions of the economic constitution, rather than the details of economic processes, neoliberals sought to outlaw prying questions about how things actually worked. It was when you started asking for statistics and assembling spreadsheets that you took the first dangerous step toward politicizing “the economy.” In its critique of neoliberalism, the left has challenged this depoliticization. But by failing to enquire into the actual workings of the system, the left has accepted Hayek’s injunction that economic policy debate confine itself to the most abstract and general level. Indeed, the intellectual preoccupation with the critique of neoliberalism is itself symptomatic. We concentrate on elucidating the intellectual logic and history of ideologies and modes of government, rather than investigating processes of accumulation, production, and distribution. We are thus playing the neoliberals at their own game.

Given neoliberalism’s association with globalization, it might be tempting to see reclaiming the national economy as a way out of this trap. This is the impulse that lies behind “Lexit,” which, at its best, is a call for a return to the ambitious, left-wing social democracy of the 1970s. Given that this was the moment that provoked the neoliberals into their most vicious counterattack, one can see the attraction. The question is whether it is a real possibility. After all, the global South in the 1970s proposed not a series of go-it-alone national solutions, but a New International Economic Order. And in that moment, the global South could call on the energy of the first flush of postcolonial politics. The passions that have been unleashed in the United Kingdom and the United States since 2016 are of a more rancid vintage.

As long as it remains at the level of abstract gestures toward “taking back control,” the impulse of resistance mirrors what it opposes. We are still not engaging with the actual mechanisms of power and production. To move beyond Hayek, what we need to revive is not simply the idea of economic sovereignty, whether on a national or transnational scale, but his true enemies: the impulse to know, the will to intervene, the freedom to choose not privately but as a political body. An anti-Hayekian history of neoliberalism would be one that refuses neoliberalism’s deliberately elevated level of discourse and addresses itself instead to what neoliberalism’s airy talk of orders and constitutions seeks to obscure: namely, the engines both large and small through which social and economic reality is constantly made and remade, its tools of power and knowledge ranging from cost-of-living indicators to carbon budgets, diesel emission tests and school evaluations. It is here that we meet real, actually existing neoliberalism—and may perhaps hope to counter it.

Adam Tooze is Kathryn and Shelby Cullom Davis Professor of History at Columbia University, where he also directs the European Institute. His book, Crashed: How a Decade of Financial Crises Changed the World will appear in August 2018.

fj1200

08-27-2021, 11:55 AM

Looks to me like Blackrock owns majority of Vanguard and vice versa.

May be publicly traded but who owns majority?

That's not it at all. Vanguard doesn't own any Blackrock, Vanguard (mutual funds) own some of Blackrock (the investment management company), and vice versa. Vanguard funds own far less than 10% of BLK; nowhere close to a majority. It's also pretty much the same of any large investment company you want to bring up. And looks like each of the top 10 holdings is some other money management company.

The 79.54% of BLK shares held by institutional investors is a greater percentage than is typically held for stocks in the Investment Managers industry.

And? The majority is publicly traded. The remainder of 20% is privately held, most likely the founders and insiders. Really, there's no mystery.

:laugh:

Got money invested with them.....???

Not that I'm aware of but possibly. A 401k or IRA might have a Blackrock fund. Just more of an understanding of how things actually work.

fj1200

08-27-2021, 12:01 PM

who runs the world..
Short answer is-- the globalists -.......---Tyr

**************

Neoliberals as globalists? Also no.

Juicer66

08-27-2021, 12:27 PM

I'm sorry that the facts I posted confuse you. The fear that consumes your life seems fairly debilitating for you.

I understand that you need to think that way and to imagine that you see a clear and straight path when none exists . However , it has never been easy for youngsters to

catch up on their elder's experience and exposure to the real world .

I am always surprised to see how many Alices there are in our Wonderland .

Juicer66

08-27-2021, 12:33 PM

I'm sorry that the facts I posted-----

Here are a few introductory thoughts which may push you to real DYOR and give you the opportunity to understand what Black Rock is , as distinct from simply parroting back a perception you have been engineered to see :-
Never before has a financial company with so much influence over world markets been so hidden from public scrutiny. That’s no accident. As it is technically not a bank making bank loans or taking deposits, it evades the regulation oversight from the Federal Reserve even though it does what most mega banks like HSBC or JP MorganChase do—buy, sell securities for profit. When there was a Congressional push to include asset managers such as BlackRock and Vanguard Funds under the post-2008 Dodd-Frank law as “systemically important financial institutions” or SIFIs, a huge lobbying push from BlackRock ended the threat. BlackRock is essentially a law onto itself. And indeed it is “systemically important” as no other, with possible exception of Vanguard, which is said to also be a major shareholder in BlackRock.

Tyr-Ziu Saxnot

08-27-2021, 01:30 PM

fj1200

08-27-2021, 01:48 PM

I understand that you need to think that way and to imagine that you see a clear and straight path when none exists . However , it has never been easy for youngsters to

catch up on their elder's experience and exposure to the real world .

I am always surprised to see how many Alices there are in our Wonderland .

Your words say nothing. You somehow think you have knowledge that others don't but you show no evidence.

Here are a few introductory thoughts which may push you to real DYOR and give you the opportunity to understand what Black Rock is , as distinct from simply parroting back a perception you have been engineered to see :-
Never before has a financial company with so much influence over world markets been so hidden from public scrutiny. That’s no accident. As it is technically not a bank making bank loans or taking deposits, it evades the regulation oversight from the Federal Reserve even though it does what most mega banks like HSBC or JP MorganChase do—buy, sell securities for profit. When there was a Congressional push to include asset managers such as BlackRock and Vanguard Funds under the post-2008 Dodd-Frank law as “systemically important financial institutions” or SIFIs, a huge lobbying push from BlackRock ended the threat. BlackRock is essentially a law onto itself. And indeed it is “systemically important” as no other, with possible exception of Vanguard, which is said to also be a major shareholder in BlackRock.

That's really not true either. They're an investment management company, not a bank. They should not be regulated by the overreaching nightmare that is Dodd-Frank.

Some are simply unteachable. They- may--- have enough brainpower but it has been abjectly and powerfully blinded by ideology, hubris and other negative factors, imho.
Pity, if one can manage it seems to be the best approach when dealing with such creatures.
Sad but true- USA seems to have far more than its fair share thanks to over 40 years of a dem/lib destroyed public education system, imho.
Such destruction was necessary in order to create a leftist propaganda machine.
Now we, we and this world must suffer the consequences.
Please do spare as much pity as you can-- as some poor creatures( "shallow Alices") do so truly and desperately need it...-Tyr

What are you even talking about? You haven't made any point here and whatever it was you posted earlier didn't really prove anything. I'm not sure what you even think you're accomplishing with ridiculous posts like that. If you have a case to make try and make it but so far you've done nothing more than parrot some other link which was questionable and rambling anyway.

Tyr-Ziu Saxnot

08-27-2021, 03:37 PM

Your words say nothing. You somehow think you have knowledge that others don't but you show no evidence.

That's really not true either. They're an investment management company, not a bank. They should not be regulated by the overreaching nightmare that is Dodd-Frank.

What are you even talking about? You haven't made any point here and whatever it was you posted earlier didn't really prove anything. I'm not sure what you even think you're accomplishing with ridiculous posts like that. If you have a case to make try and make it but so far you've done nothing more than parrot some other link which was questionable and rambling anyway.

Here read again. Maybe that will do the trick but not holding my breath on it. As reading comprehension seems to be seriously lacking in your case fj..
And by the way, it was with you in mind when I mentioned taking pity. As the statement was primarily about you and your character.

Quote_
"" Some are simply unteachable. They- may--- have enough brainpower but it has been abjectly and powerfully blinded by ideology, hubris and other negative factors, imho.
Pity, if one can manage it seems to be the best approach when dealing with such creatures.
Sad but true- USA seems to have far more than its fair share thanks to over 40 years of a dem/lib destroyed public education system, imho.
Such destruction was necessary in order to create a leftist propaganda machine.
Now we, we and this world must suffer the consequences.
Please do spare as much pity as you can-- as some poor creatures( "shallow Alices") do so truly and desperately need it...-Tyr""

fj1200

08-27-2021, 03:47 PM

Here read again.

It was stupid the first time.

LongTermGuy

08-29-2021, 12:19 AM

It was stupid the first time.

I see your following Tyr again and arguing... you dumb cuk...

When you gonna stop argueing and pestering people here? Cant you do anything on your own?

**Open wide you dumb fuck..it feeding time...ready?

~ "I am torn --is it infatuation or plain ole stalking???

I damn sure hope its not gayness and
coming from a heartfelt longing that has turned into hatred because of absolute and total rejection...
But damn- this many years and its almost like a lifelong quest the poor soul is on.....

Even a tough old dog like me sometimes feels sorry for any person that damn lonely and infatuated with

some imagined heroic cause they are on -to destroy some imagined diabolical villainous monster" ~

Save

fj1200

08-29-2021, 12:36 AM

I see your following Tyr again and arguing...

I guess you're just too stupid to realize that he replied to me in this thread. Neither of you apparently smart enough to actually discuss topics.

Juicer66

08-29-2021, 04:09 AM

Have to admit fj that I have so far tried to communicate with you without recourse to personal name calling but in this topic area I have had enough of your gibberish .

You are way out of your depth . A regurgitator not a Critical Thinker .

My credentials ?

Almost irrelevant, but back in the mists of time I gained a Distinction in A level Economics ( probably like an American managing a Masters ).Then unrelated graduate and

post graduate work .

These days I trade Commodities , Cryptos and ETFs all the time .On several international platforms .

It means I am on screen far too much for my own good which is why I use one of my other screens to pass time on sites like this , as one small example .

I have many specialist business and market sites which I use every day of my miserable life and that is why the likes of Zero Hedge , Kitco , Bloomberg , Wall Street journal

are my bread and butter ' go to places' for MSM type economic and financial news .

So keep that in mind when you parade your markets information and lack of understanding of how they work --- every one fixed to a very high degree for your possible info .

I feel sure we can discuss other matters openly and without too much dissent but in this area be aware of the signposts and goal posts .

fj1200

08-29-2021, 04:19 PM

Have to admit fj...

I generally find that people who have to tell others how smart they are while hardly being able to put a legible paragraph together while at the same time not really adding anything to the conversation aren't really helpful on a debate site. You won't really get anywhere in supporting your POV when it seems all you can do is run down a resume.

Russ

08-29-2021, 08:38 PM

I actually work at BlackRock, and I have to say I'm with FJ on this. BlackRock has one objective that sits above all other possible objectives: it wants to make as much money as it possibly can. All other objectives it considers trivial.

The corporate culture does not go into politics much at all, other than encouraging diversity. Looking around the office or in video conference calls, that doesn't appear to be a problem to me.

CEO Larry Fink participated in Trump's group of CEO advisors for the first year of so of Trump's term, but dropped out once the Dems started their first impeachment scam.

BlackRock became big by developing an intricate investment algorithm/application, which it sells access to for other big financial entities like big banks, mutual funds, and pension plans. BlackRock's reputation got a big boost after the 2008 Great Recession because its investment algorithm did much better than most other financial firms in avoiding big losses for its customers. Before that it was not nearly the behemoth it is now.

Anyway, BlackRock is an asset management company, not the World Bank. It advises and manages financial assets for big customers that have a lot of $$$. BlackRock doesn't control all the money it manages - it provides information and advice to the customers and then does trades and investments when the customer tells them to. As such, I wouldn't say that it is controlling the investments, and I wouldn't say it is in a position to manipulate politics or world events.

Tyr-Ziu Saxnot

08-29-2021, 08:42 PM

It was stupid the first time.

Typical reply when one either is too dumb to understand or else is to lazy/ignorant to be able to refute what was written..

I suspect that in your pitiful case both are in play....-Tyr

fj1200

08-29-2021, 10:05 PM

Typical reply ...

You might want to read the post above yours.

fj1200

08-30-2021, 12:25 AM

I actually work at BlackRock...

Good to have a perspective from someone actually within the company. My work experience in the financial services sector was decidedly smaller fry.