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How do we cut the head off the snake (Black Rock and Vanguard)
Posted on 1/10/22 at 9:50 am
Posted on 1/10/22 at 9:50 am
It seems as long as these two investment companies own 90%+ of everything (and they won't stop until it is 100%)... what can we do?
They control everything (politicians, beurocricies, educators, foreign governments, the medical industry, the war industry, entertainment, wall street, tech, real estate, farm land, seed/fertilizer, energy, and most importantly the media)
You bring this up to anyone and they laugh and call you a conspiracy loon. Is it over possible for their monopoly to be destroyed and dissolved?
They control everything (politicians, beurocricies, educators, foreign governments, the medical industry, the war industry, entertainment, wall street, tech, real estate, farm land, seed/fertilizer, energy, and most importantly the media)
You bring this up to anyone and they laugh and call you a conspiracy loon. Is it over possible for their monopoly to be destroyed and dissolved?
This post was edited on 1/10/22 at 9:52 am
16
Posted on 1/10/22 at 9:53 am to burger bearcat
No we can’t they have so much power the government would bail them out
Posted on 1/10/22 at 9:53 am to burger bearcat
Yes let’s crash our retirement system that manages all of our assets. That’s probably the fastest road to actual fascism but whatevs. Those two companies literally cannot be unwound without causing a deep and severe global depression.
Posted on 1/10/22 at 9:54 am to burger bearcat
The Ruling Class should be seen as more of an international web of about 100,000 incestuous relationships. These entities are just part of a much larger living breathing Leviathan.
Posted on 1/10/22 at 9:55 am to burger bearcat
(no message)
This post was edited on 1/10/22 at 9:56 am
Posted on 1/10/22 at 10:34 am to burger bearcat
quote:
what can we do?
Ban usury?
Posted on 1/10/22 at 10:36 am to Lima Whiskey
Posted on 1/10/22 at 10:37 am to burger bearcat
A gradual transition from fiat to crypto.
This post was edited on 1/10/22 at 10:38 am
Posted on 1/10/22 at 10:40 am to wutangfinancial
quote:
Yes let’s crash our retirement system that manages all of our assets. That’s probably the fastest road to actual fascism but whatevs. Those two companies literally cannot be unwound without causing a deep and severe global depression.
So there’s nothing, nothing played out over a decade or two, nothing incremental, nothing regulatory, nothing market-driven, literally nothing can be done to untether our financial outcomes from the politics of Vanguard and Black Rock?
This post was edited on 1/10/22 at 10:44 am
Posted on 1/10/22 at 10:43 am to burger bearcat
quote:
You bring this up to anyone and they laugh and call you a conspiracy loon. Is it over possible for their monopoly to be destroyed and dissolved?
I mean you sound like a hardline Marxist.
Posted on 1/10/22 at 10:50 am to Decatur
quote:
I mean you sound like a hardline Marxist.
I didn't say it has to be a government solution? Part of the issue is the corporate communism and incestuous relationship they have with government. Cut off government involvement in private business and that would be a start. Not sure how that is a Marxist view.
Posted on 1/10/22 at 11:03 am to David_DJS
I mean there are anti-trust laws that we have at our disposal but the problem is we haven't effectively used them since WWII. It's also a government policy to target stable prices and low unemployment. This means capital flows to the largest assets. So you would have to make regulatory changes, a will from Congress to do something, and skate around the legal burdens of K & Wall Street do anything material.
Market based solutions are let price discovery in equities and bonds do it's thing
We all know that's never going to happen
Market based solutions are let price discovery in equities and bonds do it's thing
We all know that's never going to happen
Posted on 1/10/22 at 3:10 pm to burger bearcat
quote:
How do we cut the head off the snake (Black Rock and Vanguard)
Do you include Berhshire-Hathaway and State Street as companies you want to break up too?
Just curious. In the two separate 401K's I have, Vanguard charges the least for managing these funds / ETF's so I, as an owner, wonder about the conspiracy theory of these two firms you named. I've read some of the conspiracy theories on both but just wonder if it's a situation where these companies are too big for your (and many other peoples) comfort level with investments around 20 trillion with world GDP at about 90 trillion.
Not trying to troll you or anything BB, just wondering if you want ALL giant companies broken up? Alphabet, Tesla, Apple, etc?
Posted on 1/10/22 at 3:25 pm to burger bearcat
Yea isn’t Vanguard like the last investment company to attack?
Jack Bogle invented it to have no board and answer to nobody but the investors. That’s why they’ve always had the lowest expense ratios and fees available. It’s not as righteous since Bogle passed, but Vanguard is owned by the funds which means it is owned by the investors.
Unless I’m missing something, Vanguard seems pretty mild in terms of financial companies to direct anger at.
Jack Bogle invented it to have no board and answer to nobody but the investors. That’s why they’ve always had the lowest expense ratios and fees available. It’s not as righteous since Bogle passed, but Vanguard is owned by the funds which means it is owned by the investors.
Unless I’m missing something, Vanguard seems pretty mild in terms of financial companies to direct anger at.
Posted on 1/10/22 at 3:50 pm to Zzyzx
quote:
Yea isn’t Vanguard like the last investment company to attack?
Jack Bogle invented it to have no board and answer to nobody but the investors. That’s why they’ve always had the lowest expense ratios and fees available. It’s not as righteous since Bogle passed, but Vanguard is owned by the funds which means it is owned by the investors.
Unless I’m missing something, Vanguard seems pretty mild in terms of financial companies to direct anger at.
who owns the world
All I know is they and Blackrock seem to be involved in everything. This was a pretty compelling video, maybe perhaps it was misleading. I wish I could connect the dots exactly who the few people are that are making all the decisions. Blackrock and Vanguard seem to pop up everywhere.
Posted on 1/10/22 at 3:54 pm to burger bearcat
They don’t own they control.
Posted on 1/10/22 at 3:54 pm to burger bearcat
I own some Vanguard stuff.
Posted on 1/10/22 at 3:58 pm to burger bearcat
quote:
All I know is they and Blackrock seem to be involved in everything.
I get grief from my brother because I've owned Apple stock since it was at around $6.50 per share (had read an article about Jobs going back to them back then and pulled the trigger).
Asked my brother which funds he owned that had Apple and he had no clue. When we looked at his holdings, he had a HUGE stake in Apple based on the funds he has.
Long story short is it's actually incredibly hard to divest away from "woke" companies in your 401K. Not impossible, but very difficult.
Posted on 1/10/22 at 4:01 pm to Bearcat90
quote:
Long story short is it's actually incredibly hard to divest away from "woke" companies in your 401K. Not impossible, but very difficult.
I am not denying this fact. I have Vanguard ETFs myself as well as a 401K and an IRA with stocks in all these companies. I am a knowledging this not an easy one to crack. That was the premise to the OP. How do we slay this beast?
Posted on 1/10/22 at 4:05 pm to burger bearcat
They're knee deep into the real estate bubble and it will pop exactly when they tell it to.
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