{"id":21214,"date":"2024-10-31T20:42:29","date_gmt":"2024-10-31T18:42:29","guid":{"rendered":"https:\/\/www.liberalglobe.com\/?p=21214"},"modified":"2024-10-31T20:42:29","modified_gmt":"2024-10-31T18:42:29","slug":"world-government-the-top-executives-of-vanguard-blackrock-and-state-street-threaten-human-civilization","status":"publish","type":"post","link":"https:\/\/www.liberalglobe.com\/?p=21214","title":{"rendered":"World Government – The Top Executives of Vanguard, BlackRock and State Street – threaten Human Civilization"},"content":{"rendered":"\n

The top executives of Vanguard, BlackRock and State Street appear to have achieved a level of decision-making and control over the world’s financial management and economic planning and development that far exceeds anything ever achieved by the Central Politburo of the Communist Party in the Soviet Union at the height of its power.<\/p>\n\n\n\n

And while it is argued that the closely interwoven and secretive system of ownership and control of the financial system and corporate governance should be thoroughly investigated and eventually partially, if not completely, dismantled or devolved in some way so that the economic diversification and autonomous markets, it makes no sense to talk about actions like “nationalization” or “expropriation” because a powerful club of interconnected financial companies and asset managers has exclusive access to capital.<\/p>\n\n\n\n

Intermediate layer<\/strong><\/p>\n\n\n\n

One could cite the extraordinary financial and economic strength of companies such as JP Morgan, Citibank and HSBC. However, these banks are only an intermediate level of ownership and control.<\/p>\n\n\n\n

They are in turn owned and controlled by a limited number of shareholders, including Vanguard Group, Inc., BlackRock, Inc., State Street Corporation, Fidelity Management & Research FMR LLC (hereafter Fidelity MR \u2013 the company was recently reorganized as Fidelity Investments – FMR LLC) and Capital Research & Management Co. (hereafter Capital RM \u2013 the company was also recently reorganized and is now officially known as Capital Group Companies, Inc.).<\/p>\n\n\n\n

Indeed, if one follows the lines of ownership behind the leading US or Australian firms, one almost always ends up with the same five or six financial institutions (Vanguard, BlackRock, State Street Corporation, Fidelity MR , Capital RM, and T. Rowe Price Associates ).<\/p>\n\n\n\n

Profits from war\u2026<\/strong><\/p>\n\n\n\n

A significant percentage of the profits of companies such as Lockheed Martin, Boeing, Raytheon, Northrop Grumman and General Dynamics are made by the US military.<\/p>\n\n\n\n

However, the study ignores a key detail: the same six financial entities listed above are among the largest institutional shareholders of all the arms companies examined.<\/p>\n\n\n\n

Indeed, Vanguard (Vngd) and BlackRock (BkRk) top the list of the largest shareholders of all five pillars of the war bloc, followed by State Street Corporation (StSt).<\/p>\n\n\n\n

Meanwhile, Capital RM ( CRM ), Newport Trust ( Nwpt ), Fidelity MR ( FMR ), Bank of America ( BofAm ), and T Rowe Price ( TRP ) are among the five largest shareholders of two of the arms companies .<\/p>\n\n\n\n

So whatever arms are sold because of Ukraine and the Middle East, we know who benefits.<\/p>\n\n\n

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The study<\/strong><\/p>\n\n\n\n

A landmark study completed by Fichtner, Heemskerk, and Garcia-Bernardo in 2017 (“Hidden Power of the Big Three? Passive Index Funds, Re-Concentration of Corporate Ownership, and New Financial Risk<\/a>“) provides a wealth of information on recent developments and trends in financial ownership and corporate governance, focusing specifically on the ownership structure of publicly traded companies in the United States (Fichtner et al., 2017).<\/p>\n\n\n\n

The main objectives and findings of the analysis are described by the authors as follows:<\/p>\n\n\n\n