Billionaires Are More Powerful and More Dangerous Than Politicians

in #20213 years ago

The Billionaires stronghold in Politics is obvious and they aren't afraid to publically use it.

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BlackRock Chief Executive Larry Fink speaking via video link for a forum in Shanghai, June 18 Photo: Qilai Shen/Bloomberg News

I am not talking about Jack at Twitter or Zuckerburg at Facebook, but a quieter more powerful group at Blackrock and Vanguard.

BlackRock, Inc. is an American multinational investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with $7.81 trillion in assets under management as of end-Q4 2020.

The Vanguard Group is an American registered investment advisor based in Malvern, Pennsylvania with about $6.2 trillion in global assets under management, as of January 31, 2020. It is the largest provider of mutual funds and the second-largest provider of exchange-traded funds in the world after BlackRock's

Blackrock, Inc. and Vanguard are Top stockholders in Google (alphabet) Top shareholders of Twitter, Facebook, ABC, NBC, CBS, Pepsi Co, Amazon, and most other Mega-Corporations.

Who are the top stakeholders in most of the major Banks? You guessed correctly Vanguard and Blackrock.

Who is the top stakeholder in Pfizer and the Drug Companies? Vanguard and Blackrock.

They hold your 401k too.

This is where you tell me they are just funds. No political influence.

Yet, the firm's global head of sustainable investing is set to head Biden's National Economic Council, and a former advisor to BlackRock Chief Executive Larry Fink will serve as a top official at Treasury.

Meanwhile, BlackRock's global chief investment strategist, who worked in the Obama administration before joining the firm, is going to be chief economic advisor to Vice President-elect Kamala Harris.

Biden has also tapped Adewale "Wally" Adeyemo, a former chief of staff to BlackRock chief executive and longtime Democrat Larry Fink, to serve as a top official at the Treasury Department.

This is not specific to Biden it US politics, all the major corporations and they are using YOUR money to do it.

They control all the US media, drug companies, banks, tech companies, and food companies.

Their wealth has been skyrocketing while everyone in WA is playing politics and sending your money to Pakistan.

This is a non-partisan problem

Remember the outrageous spending bill that gave you $600, that was passed with bipartisan support and signed by the President. Regardless of what snarky words they all said about it to blame the other side.

How did the billionaires take over?

One highly successful tool. They give you a small kickback via your 401k to ensure your money goes to government approved investments in their large corporation instead of investing in Bob's farms or even real estate.

Blackrock and Vanguard use those funds for political donations, lobbies and to secure government contracts for friends and allies. They propose and support corporate friendly legislation and influence you through corporate owned media.

This has nothing to do with which party you identify with.

In many cases they have upwards of 25 years to use the funds.

Meanwhile we fight over the figure heads of the two.party system who give beautiful speeches about how they are on your side.

Overturning Citizen United, and term limits would help, but does not solve the issue.

Look up the networth of your favorite politician on either side.

The problem with this situation is playing out as we speak, as they easily control the narrative on Covid, Politics, Vaccinations, and now social media and web hosting.

They have no fear of not being re-elected and they are doing these things with out public discussion, disclosure or regulation.

While I know they can't control Bitcoin, they can impact it greatly.

@whatsup

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Most politicians are merely an extension of the "activist" billionaires.

This is because in the system we live in, there are more incentives for entrepreneurs to get their hands on politics than to do their own business. State interventionism guarantees them juicy contracts, special permits, concessions, and a lot of money in all its forms. It is more beneficial for them to get their hands in politics than to just do their business.

The simple presence of the state, as we now conceive it, makes the free market impossible, because as long as the state intervenes in the economy, there will be economic interests trying to control them. For practical purposes we live in socialism. Because big capitalists are the new state.

The unseen hands.

Hiding in the shadows, but really in plain sight.

Of course. It's a goddamn network. Politicians put face and say what people want to hear, same as media. But who pays the bills? I wonder...

The feds and the corporations, not you.

@whatsup,
Yeah that's true. This is not an issue only for US. Every country facing this issue pretty badly.
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They are puppets of the real trilionaire, rotchild

And they can easily control bitcoin, which is why bitcoin is not a long term option