Govt union pension funds and sovereign national funds are among Blackrock, Vanguard, State Street etc...largest account holders.
Govt is also the largest: consumer, employer, landlord, tenant, lender and borrower. They employ armies of regulators, libraries of regulations controlling the means to production.
Socialism.
It became fascism when they colluded/conspired creating conform or else totalitarianism to save our democracy.
“Govt union pension funds and sovereign national funds are among Blackrock, Vanguard, State Street etc...largest account holders.
Govt is also the largest: consumer, employer, landlord, tenant, lender and borrower. They employ armies of regulators, libraries of regulations controlling the means to production.
Socialism.
It became fascism when they colluded/conspired creating conform or else totalitarianism to save our democracy.”
Well said. And it goes deeper into banking than just this. The whole tree of credit and collateral asset holdings go all the way up to BlackRock.
Of the approximately 454.4 Trillion USD in the world, BlackRock is holding the controlling interest or credit notes in probably 85%-90% of it all.