Ping.
Are they the people buying up all the houses?
Management of 20T is not the same as 20t in cash, liquidation of that much asset would crash everything.
And then what?
I wouldn’t be surprised if we’re not weeks and months away from a repeat of 2008. I’ve been in the mortgage industry since 1978. I’ve seen home loan interest rates from as little as 2% all the way up to 21%. I’ve seen home prices doubled in value in a matter of years and then fall like a rock in a matter of months.
And everything I’ve seen up to this point does not look good about the market in the coming months. I wouldn’t be surprised if a housing crisis of 2021 is twice as bad as what we saw in 2008.
And Black Rock has former management in the Biden regime.
I use Vanguard index funds to manage my retirement funds. I don’t view Vanguard as “money managers”. They are just a low-cost way for me to manage my own money.
The Great Reset advocates say “You will own nothing and you will be happy”.
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.
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!
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.
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.
Boooiiing doesn’t have a Financial Arm?
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 !”