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