3 Giant Financial Companies That The Global Elite Use To Control 88% Of The Corporations Listed On The S&P 500
Francesco Abbruzzino, The Uncensored Report, LLC
There is no question that large corporations absolutely dominate our society today. They control what we eat, they control what we watch on television, they own most of the stores that we shop at, they provide the energy that our nation depends upon, and they make almost all of the products that we use. Tens of millions of Americans make a living by serving these colossal firms, and at this point some of the biggest corporations are larger than many small countries. But of course the corporations aren’t the top of the food chain. They have owners, and there are 3 giant financial companies that the global elite use to control 88 percent of the corporations that are currently listed on the S&P 500.
The three financial companies that I am talking about are BlackRock, Vanguard and State Street.
According to CNN, those companies have a combined 15 trillion dollars in combined assets under management…
BlackRock, Vanguard and State Street manage a stunning $15 trillion in combined assets, equivalent to more than three-quarters the size of the US economy.
But that is actually an old number.
I wanted to come up with a newer number, and so I started digging.
According to Wikipedia, BlackRock had $8.67 trillion in assets under management as of January 2021…
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 $8.67 trillion in assets under management as of January 2021.[citation needed][6] BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries.[7]
Vanguard is nearly as big. According to Wikipedia, Vanguard had $6.2 trillion in assets under management as of January 2021…
The Vanguard Group, Inc. 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.[5] It is the largest provider of mutual funds and the second-largest provider of exchange-traded funds (ETFs) in the world after BlackRock’s iShares.[6] In addition to mutual funds and ETFs, Vanguard offers brokerage services, variable and fixed annuities, educational account services, financial planning, asset management, and trust services. Several mutual funds managed by Vanguard are ranked at the top of the list of US mutual funds by assets under management.[7]
While not as large as the other two, State Street had $3.1 trillion in assets under management as of the first month of this year.