Everyone needs to know the economic term “Cantillon Effect”
An 18th century French banker and philosopher named Richard Cantillon noticed that who benefits when the state prints a bunch of money is based on the institutional setup of that state. In the 18th century, this meant that the closer you were to the king and the wealthy, the more you benefitted, and the further away you were, the more you were harmed. Money, in other words, is not neutral.
This general observation, that money printing has distributional consequences that operate through the price system, is known as the “Cantillon Effect.”
The reason is because money has to travel through institutions. Government debt spending and Federal Reserve QE money gets to the rich and politically connected first. In the USA, the institutions for the politically powerful function well, and those for the rest of us are rickety and broken.
Eventually, some money will get to the rest of us, but in the interim period before that money fully circulates, the wealthy can use their access to money to buy up physical or financial assets.
Basically, if you're a federal employee and contribute to your TSP to get the employer match, you're putting money into Blackrock's hands.
How did this company get to be so big?
Politicians Must Act
Why would they harm their golden goose BlackRock is a big powerful company with many friends.
Ping
They started about 30 years ago. Where did they get all the money?
Thank you for posting. I just recently became aware of how influential BlackRock (and Vanguard) are in pushing America into corporate totalitarianism. Sovereign Nations YouTube channel had an excellent episode on it (if you can get past the author/presenters over melodramatic style).
Also, Vanguard is another huge investment company with the same issues and much cross investment/control of other corporations. Between the two of them, they have large and influential amounts of shares in almost every US corporation, and many other global corporations as well. They are behind the push for CRT, climate change propaganda, etc. Why? What does that have to do with investing? Well, as usual it is control. Look up ESG - it will be mandated to be reported and scored on every company and individual and will go into the company or individual’s social credit score.
Here’s another great article on Corey’s Digs ) about BlackRock, Vanguard and a system called investnet/Yodlee which scours bank account data and will be part of the grand scheme to monitor and control every persons bank accounts, spending , social habits, ESG score, etc and be able to adjust your taxes owed and conveniently remove it straight from your accounts and send to the government without your permission. At least that’s what they hope to eventually do.
BlackRock has positioned itself in three high-ranking positions at the White House, manages $7.8 trillion in other people’s assets making it the largest money manager in the world, is in the top three shareholder positions in every major company and industry (just check for yourself), invests heavily in “climate change” and shuns fossil fuels, and has gobbled up much of its competition. Rulers BlackRock and Vanguard, are expected to be managing $20 trillion by 2027. It’s no surprise that BlackRock and the White House have a revolving door through the Clinton, Obama, and Biden administrations. In addition to staff shifting between the them, board members of BlackRock, such as Cheryl Mills, who served for both Clintons during their time at the White House, also seem to drift over to BlackRock. They are the designer of the Going Direct Reset and are helping to lead the way.
Under the guise of “financial wellness” and “climate-related financial risk,” they have shifted the financial industry to streamline and surveil everyone’s financial data so that they can control it through a social score system, tell you how and where to spend your money, and siphon what they deem should go to the IRS. Additionally, there are trillions of dollars about to switch hands from the elderly to the Millennials, and these folks have their teeth in all of it. Review the complete timeline to understand how all of these actions impact everyone.
Peruse later.
Unfortunately, corporate and government retirement programs are managed by Blackrock