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With $20 trillion between them, Blackrock and Vanguard could own almost everything by 2028 [FLASHBACK 2017]
Financial Post ^ | 12 02 2017 | Rachel Evans, Sabrina Willmer, others

Posted on 06/27/2021 7:26:25 PM PDT by yesthatjallen

click here to read article


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To: yesthatjallen

It’s not their money. They manage it, but the actual owners of these funds could withdraw their money at any time. If you have millions of S&P 500 401Ks, your job is really just to buy the stock, keep it at a custodian, and send out quarterly statements.


21 posted on 06/27/2021 7:48:30 PM PDT by proxy_user
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To: yesthatjallen

My cousin is one of the top, top guys there. I haven’t talked to him in years, but I could. He’s smart, well trained and obviously strategically good at what he does. He’s a Republican, but not a conservative. It boggles my mind that I know someone with this much control!


22 posted on 06/27/2021 7:51:13 PM PDT by freeagle
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To: yesthatjallen

One of my pensions is paid by State Street. Hard to fathom why a Boeing pension is administered by a Lockheed Martin company, go figure.
My other pension is run by the worlds largest owner of commercial real estate, TIAA.
One thing I’ve noticed is they are all filthy rich, but it is primarily in Real estate, which ultimately is wealth, since what we call money isn’t worth a toss.
Don’t buy gold, silver or babbles, buy land,
and stay out of debt.


23 posted on 06/27/2021 7:52:48 PM PDT by rellic
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To: Responsibility2nd

Someone here commented in the last week or so that bubbles don’t pop during a shortage. I’ve included that into my strategy now - not that I have a strategy ; )


24 posted on 06/27/2021 7:57:25 PM PDT by Mr.FixIt (Ethanol: Growing in four months what the U.S.A. burns in one day)
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To: yesthatjallen

Furthermore, the article is double-counting, because State Street Bank is one of the custodian banks used by Vanguard! The same stock that Vanguard manages is stored at State Street.


25 posted on 06/27/2021 7:58:35 PM PDT by proxy_user
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To: Mr.FixIt

I have a strategy. I plan to live well and die broke.

Spend my very last dollar and die the next day.

Now whether that works out for me, I do not know.


26 posted on 06/27/2021 8:06:06 PM PDT by Responsibility2nd (I love my country. It’s my government that I hate.)
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To: Salvavida

The chief reason corporations are going woke is the influence of Blackrock.


27 posted on 06/27/2021 8:34:15 PM PDT by teevolt
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To: yesthatjallen

Vanguard is investing my money in the whole stock market top to bottom left to right (indexes). They tend not to make secular bets. If they did so with my money, I would leave in an instant.


28 posted on 06/27/2021 9:03:20 PM PDT by Uncle Miltie ("F-15s and Nukes" because they stole the election and feel the AR15 reckoning a-coming ...)
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To: cba123

I agree.

Double plus ungood.

:(


29 posted on 06/27/2021 9:22:30 PM PDT by Califreak (2020-The Year of the Potemkin Election)
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To: yesthatjallen

Boooiiing doesn’t have a Financial Arm?


30 posted on 06/27/2021 9:32:01 PM PDT by Paladin2 (Critical Marx Theory is The SOLUTION....)
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To: Army Air Corps

Oh my.

None other than THE Cheryl Mills.


31 posted on 06/27/2021 9:38:44 PM PDT by Califreak (2020-The Year of the Potemkin Election)
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To: Califreak

The very same.


32 posted on 06/27/2021 9:54:42 PM PDT by Army Air Corps (Four Fried Chickens and a Coke)
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To: Army Air Corps

All roads lead to Rome.

All evil can be traced back to a Clinton.

:(


33 posted on 06/27/2021 9:57:35 PM PDT by Califreak (2020-The Year of the Potemkin Election)
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To: Califreak

Funny how that works, no?


34 posted on 06/27/2021 10:04:40 PM PDT by Army Air Corps (Four Fried Chickens and a Coke)
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To: yesthatjallen

Nothing is surprising anymore.
They’re all criminals.
And all snakes in the same barrel of manure.

*THE SNAKES ARE COMING OUT* .

The masks begin to fall off ! *“The Chinese biological laboratory in Wuhan is owned by GlaxoSmithKline, which (accidentally) owns Pfizer!”* (the one who makes the vaccine against the virus which (accidentally) started at the Wuhan Biological Lab and which was (accidentally) funded by Dr. Fauci, who (accidentally) promotes the vaccine !

*”GlaxoSmithKline is (accidentally) managed by the finance division of Black Rock, which (accidentally) manages the finances of the Open Foundation Company (Soros Foundation), which (accidentally) manages the French AXA !”*

Soros (accidentally) owns the German company Winterthur, which (accidentally) built a Chinese laboratory in Wuhan and was bought by the German Allianz, which (coincidentally) has Vanguard as a shareholder, who (coincidentally) is a shareholder of Black Rock, which (coincidentally) controls central banks and manages about a third of global investment capital. “Black Rock” is also (coincidentally) a major shareholder of MICROSOFT, owned by Bill Gates, who (coincidentally) is a shareholder of Pfizer (which - remember ? sells a miracle vaccine) and (coincidentally) is now the first sponsor of the WHO !

Now you understand how a dead bat sold in a wet market in China has infected the WHOLE PLANET !”


35 posted on 06/28/2021 2:48:24 AM PDT by chopperk
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To: Responsibility2nd

“I plan to live well and die broke. Spend my very last dollar and die the next day.”

For me, that would involve an exotic seaside location, pretty natives serving me expensive liquors, and...


36 posted on 06/28/2021 4:53:37 AM PDT by polymuser (A socialist is a communist without the power to take everything from their citizens...yet.d)
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To: chopperk

So many coinkydinks!

Is there a chart or graphic out there for those linkages?


37 posted on 06/28/2021 4:56:47 AM PDT by polymuser (A socialist is a communist without the power to take everything from their citizens...yet.d)
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To: Bayard

Not necessarily. Sudden liquidation of that much might, but there’s always a market for quality assets, outside of fraudulent valuation (see ‘Commercial Real Estate Market’).


38 posted on 06/28/2021 4:59:35 AM PDT by RinaseaofDs
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To: chopperk

BFL


39 posted on 06/28/2021 5:18:50 AM PDT by VTenigma (The Democrat party is the party of the mathematically challenged )
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To: chopperk

Bookmark


40 posted on 06/28/2021 5:50:01 AM PDT by BozoTexino (RIP GOP)
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