Story at-a-glance:
- Behind the scenes of many of the companies that provide the products and services you use each day are two investment firms that own more shares than other shareholders.
- The list includes social media, transportation, news media, food manufacturers and pharmaceutical companies.
- BlackRock and Vanguard hold large interests in pivotal companies, and Vanguard holds a large share of BlackRock. In turn, BlackRock has been called the “Fourth Branch of Government” by Bloomberg as they are the only private firm that has financial agreements to lend money to the central banking system.
- BlackRock also developed the software used by the Fed to manage financial transactions; one Princeton University lecturer has said BlackRock controls the Federal Reserve and has more power than most governments.
- Ascertaining who owns large portions of Vanguard is more difficult as it is a private company that is not publicly traded. It’s important to think globally but act locally to protect your civil
- rights, including supporting state legislators who support your right to choose health care.
Until recently, it has appeared that economic competition has been driving the rise and fall of small and large companies across the U.S. Supposedly, PepsiCo is Coca Cola’s competitor, Apple and android are vying for your loyalty and Pfizer and Bayer are battling for your pharmaceutical dollars. But what is revealed in this video, using publicly available data you can check, is that this has been an illusion.
Read full story [icon name=”arrow-right” prefix=”fas”] 2 Giant Investment Firms Control Almost Everything You Buy — Here’s Why You Should Care
More stories on this topic:
Who runs the World? Blackrock and Vanguard
The 1% – Vanguard and BlackRock hold a Monopoly in ALL Industries in the World
Who Owns Big Pharma + Big Media? You’ll Never Guess
The Same Shady People Own Big Pharma and the Media