BlackRock: The Conspiracies You Don’t Know

BlackRock and other asset managers are profiting off of every aspect of your life. It's not a conspiracy - it's an open restructuring of society.
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More Perfect Union’s mission is to build power for working people. Here’s what that means:
We report on the real struggles and challenges of the working class from a working-class perspective, and we attempt to connect those problems to potential solutions.
We report on the abuses and wrongdoing of corporate power, and we seek to hold accountable the ultra-rich who have too much power over America’s political and economic systems.
Thank you to Benjamin Braun and Adrienne Buller for their reporting on BlackRock and research support. Additional reading from them:
benjaminbraun....
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[@wantsome-zs5sq]

"And though the forest was shrinking, the trees kept voting for the axe, for the axe was clever and convinced the trees that since her handle was made of wood, she was one of them."

[@ckwind1971]

@@wantsome-zs5sq brilliant

[@Mahhkss]

Jhit trippen !

[@cromulus5853]

True.

[@karrenpopovics2780]

Great analogy!

[@NosebergEatzbugsVonShekelstein]

Sounds like an allegory for the envious lower classes voting for communism... only to be thrown into a work camp someday when communism becomes a reality.

[@bobbysworld281995]

Remember when French protesters attacked Blackrocks's office and the WHOLE MEDIA SHUT UP?

[@stereo-soulsoundsystem5070]

Exactly. We didn't hear about it

[@theprecipiceofreason]

@@colew9896 it was just last year. The French Government, under instruction from Blackrock, raised the retirement age. The people were not fans of this. There were riots for like 8 months. Big ones, constant riots, constant protests. It was a huge deal. Media was not excited to report on it.....

[@theprecipiceofreason]

@@stereo-soulsoundsystem5070 I heard about it, but that's because I watch international news. the images of the burnt up blackrock lobby were there. Americans just don't focus on other countries problems like, ever.

[@Mugiwara369-fy8dq]

@@colew9896april 6, 2023 🎉

[@TheDavidlloydjones]

No, I don't. But if you're right that everybody shut up about it, then I guess nobody else did, either. What do I do now? Am I supposed to run around in circles like a chicken with its head cut off? (Yes, chickens do that. The one I saw was the same cockerel that had been bullying me, a four-year-old, in the same yard the day before. Difference was, it didn't last long, didn't cluck, and didn't, in fact see me: I was the one doing the watching.)

[@mrg2155]

Blackrock, investment firms, insurance companies, politicians. They’re ruining our lives.

[@kamehamehaX300]

Especially insurance holy shit! How can they make it a necessity for you to buy something that might not pay out??

[@christopherbasham1551]

@@kamehamehaX300 Insurance isn't a necessity.

[@Michael-ue9us]

@@christopherbasham1551 car insurance is

[@lolmmbat1]

The "administrative class" (cowardly, selfish ladder climbers) and human resources (hypocritical mindless drones) as well.

[@oolureoo]

​​@@christopherbasham1551For people unfortunate enough to live near 24/7 storms, insurance is literally life & death

[@dvdv8197]

“This country has socialism for the rich, rugged individualism for the poor." -Martin Luther King, Jr. Still as true as ever today.

[@SimGunther]

So do something about it instead of just posting the everywhere

[@guymann4016]

I’m so phucking tired of this comment getting posted.

[@phoenixmorphix]

⁠@@SimGuntherwdym? They’re raising awareness and also acknowledging a quote from an important American historical figure.

[@cg1906]

@@SimGuntherbrother I can’t wait to tell you that activists making a difference can also comment on a KZbin video sometimes.

[@deadhardy]

@@SimGunther rich people aren't going to give you a crumb, nephew

[@severdislike4222]

Whooboy if you live on the east coast and happen to be remotely interested in owning a home you run into these bastards at every turn.

[@Mahhkss]

What you on about i dont understand

[@killzone110ad]

​@Mahhkss Blackrock ruined housing prices. Pretty self explanatory.

[@curiousgirl.4134]

The Southwest too!

[@m.b.62]

@@Mahhkssdid you watch the video?

[@LeoPard-HQ]

BlackRock:- F The Big… 3 It's Just Big Me. 😂

[@Mahhkss]

right.......

[@m.b.62]

Skibidi toilet rizz tik tok asmr 😂

[@dvdv8197]

Make stock buybacks ILLEGAL again!! 😤😤😤😤

[@ckwind1971]

💯 💶 💯 💶 💯 💶 💯

[@TheDavidlloydjones]

Hunh? Why?

[@Owlbearwolf2]

@@TheDavidlloydjonesBecause that’s how we got greedflation.

[@bugsbunny4647]

​@@TheDavidlloydjones"Hm, my company's stock is doing bad this quarter. I'm gonna buy my own stock to make to maintain the facade that all is well."

[@JohnTorres1987]

.Yes!!!!

[@greggc.touftree5936]

How in the freaking world could be so many INSANE GREEDY people doing these things? Absolutely disgusting and needs to end. I'm sick of the 1% all being sinners.

[@1st1anarkissed]

Insanity is built out of small habits gone uncorrected.

[@travismaenle9416]

It is kinda fascinating that all these billionaires use their power to just hoard more wealth. They dont even use their power foe good. Like dont they have anything better to do? Whats it all for???

[@matthewsanchez7953]

@@travismaenle9416 Classism. They're convinced they deserve more because they have more, and they're terrified of that power dynamic changing so they continue it ad nauseum until the Earth burns to ash.

[@ForumArcade]

Index funds are not "like betting on all the horses at once", because in horse races there are a limited number of winning bets. With index funds, the entire market can perform well or poorly. It's more like betting on the racetrack itself. It doesn't matter who wins, so long as business is good.

[@dh510]

That's what I was thinking... But the idea that this kind of investing discourages competition is worth exploring, imho.

[@matthewsanchez7953]

Why bother betting on horses when you can just buy all the horses and the track they race on?

[@nevergoon4315]

@@dh510 Any population that accepts trade produced via slave labor also accepts the slavery of it's own population. Competing with slavery is in itself a form of slavery. America never escaped it's colonial roots. Societal control has never been through simple token means like currency manipulation; it has always been through the manipulation and control of information. The knowledge economy has been largely focused on controlling the global citation index while mass surveilling anyone who might challenge it.

[@TihetrisWeathersby]

There is nothing passive about hedge funds

[@TheFailingHumanExperieme-ge4ov]

Cute, but the real elephant in the room is who controls BlackRock? Hint: it's the same people who control Meta, Google, Amazon (look up the CEO), Goldman Sachs, the White House, Hollywood, Big Pharma, Big Media, and this channel. No wonder Israel can go around blowing up pagers without consequence.

[@elkiq95]

This hurts deep for millennials and GenZ. Our parents and grandparents were unfairly voted out 😡

[@F.o.s.t.e.r.]

They allowed it to happen while they were enjoying the fruits of their labor. Then they were convinced that our labor was worth less than theirs. They're 100% complicit in this.

[@dvdv8197]

Greed is not the desire for more, it's the desire for more at the expense of others.

[@TT-dz9bi]

It’s about power

[@chey7691]

There is a limit to how much power is useful to an individual. It's just greed in the end. ​@@TT-dz9bi

[@RobSettatree]

​@TT-dz9bi they only have power over us when we give it to them.

[@dvdv8197]

Billionaires shouldn't exist. Any property above 1 billion should be taxed at an EXTREMELY high rate. Watch them pay their workers more fairly and ACTUALLY contribute to a healthier/more equalized society if that happens.

[@christopherbasham1551]

Why and how to both of your statements?

[@F.o.s.t.e.r.]

​@@christopherbasham1551historically... violence. Currently we're trying to do it passively but, it won't take much more sacrifice for working people to resort to human nature.

[@Youtuber69428]

​@@christopherbasham1551 Why should people be paid the value of their work? And through legislation, how else?

[@timopint1125]

over 9000

[@Shake_jeffield]

Where do you cap it?

[@oneofus6924]

we just going to gloss over the 74% of nvidia it owns? what?

[@AnthraxVX]

lol i saw that too, 6-7% of other things, 74% of nvidia lol, literally googled the ticker to see wtf company they owned 74% of XD

[@Klebsiella33]

I believe that's a typo in their table. Did a search and it looks like BlackRock owns around 7.4%, not 74%.

[@Jinchuricki27]

We need an anti-Reagan, someone who wants to regulate corporations and turn things around for working people.

[@publicenemy1238]

You probably think you're an educated person too

[@jessedevilbiss8436]

Horrible idea.

[@chernobyl169]

We have one. His name is Bernie Sanders and he is one of the chief advisors to Vice President Kamala Harris.

[@publicenemy1238]

@@chernobyl169 you probably think you're an educated person too

[@chey7691]

​@@publicenemy1238I know you're not if you feel the need to comment on every single comment. But no one could see your point, almost like your trolling is pointless.

[@geoffrey1955]

As it turns out, if you are a monopoly anti-trust can get you. But if you're not a monopoly, rather 3 olig-opolies sharing a trench coat, that's totally legit

[@chernobyl169]

"oligopolies" I like that.

[@davidmcintosh7563]

Thank you for that very depressing reality check. No really, thank you. But, it’s a hard pill to swallow knowing that they’re are people and corporations abusing the system and rigging it for their own wealth, and for the suffering of the rest of us.

[@michaelthetrent]

Literally the only reason this stuff doesn't get reigned in is lobbying. As long as bribery is legal, so is everything else.

[@boristheamerican2938]

No its you voting republican.

[@matthewsanchez7953]

@@boristheamerican2938 You are aware that both of America's major political parties have lobbyists right? Now I'm not saying that the Republican party aren't a gaggle of violent christo-fascist Confederate holdovers who should be stuffed into a gulag, but let's not pretend that the Democratic party isn't well entrenched in many of the same power structures.

[@stephensumpter5311]

​@@boristheamerican2938 Not sure how that works out? Both sides of the aisle are raking in money hand over fist on investments. Neither want to give that up personally

[@TheEthericAlchemist]

They don’t “own” everything…on paper. Sounds like playing in the background is the perfect place to be. Great and informative video. Keep em coming 😊

[@MrbabyBugatti]

You will own nothing and be happpy ! 🧐 The answer is just there folks ! Please , use your brain ! This corporation has the answer to our dystopian future!

[@jonrobbin170]

F Blackrock

[@cdevidal]

You know what BR doesn't fear? More regulation. You know what they _do_ fear? Competition. You know why there isn't as much competition? Over-regulation. BR _writes_ the regulation. They've got gvt officials in their back pockets.

[@cbdevidaljk1]

You know what BR doesn't fear? More regulation. You know what they _do_ fear? Competition. You know why there isn't as much competition? Over-regulation. BR _writes_ the regulations. They've got officials in their back pockets, and can just hire all the accountants and lawyers they need to work with regulations.

[@BOZ_11]

​@@cbdevidaljk1 Welcome to corporatocracy

[@rorynator7567]

@@cbdevidaljk1 yeah companies don't spend millions constantly fighting anti-trust laws. if there wasn't this pesky regulation there's no way the big companies could just buy up all the competition and create a bigger monopoly

[@calebn1375]

@@cbdevidaljk1 you are describing the natural evolution to late stage capitalism

[@joshuapatrick682]

“Fascism should more correctly be called corporatism, because it is the perfect merger of state and corporate power.” Attributed to Benito Mussolini, the founder of Fascism.

[@kendallsmith1458]

United Corporations of America

[@CuriousMisterG]

To fight big business like this then there should be 51% employee owned. To fight this kind of stupid shit from happening. Bring the profits BACK to the employees like it's supposed to be! I know it's a stretch. Actually banning donations to politicians from businesses would also prevent this.

[@NA_49erFan]

Oligarchy is prime factor here. You guys rock keep up the hard work. For those that can please give these people money I'm a broke artist

[@johnnguyen270]

So in a sense, BlackRock is a total Monopoly!!! Like they are an oligarch!!!

[@chey7691]

It's just end game for "free market" unregulated capitalism. It's not even the first time, just that it's now more than one countries problem.

[@Worldzachngen]

I worked 19 years at a carpet mill in Ga. I received a letter saying there’s not much money left as they have to have money for their people who’s working there now……… that was three years ago and now I’m trying to get in touch with mannington but they will not return my calls. They need to just send me a letter saying okay you get zero without beating around the bush. I mean - just tell me and don’t leave me hanging. I’ll be old enough to retire in four years (62). It’s a sad deal.

[@KimberlyWestbrook]

Disgusting company.

[@MightyMack03]

EmpLemon being featured in a More Perfect Union video is insane

[@JV-zt8lc]

Sad. Red or blue team both have ties to them

[@F.o.s.t.e.r.]

This is why voting and being informed is so important. It's also why the culture war became so prevalent, so people wouldn't pay attention to what's actually important.

[@Nope_handlesaretrash]

​@@F.o.s.t.e.r.this guy gets it. Occupy Wall Street was forcefully injected a bunch of id pol poison on purpose so that it would forcefully split everyone up

[@kendallsmith1458]

$$$

[@dvdv8197]

Please do a Classroom on the WEF (and the IMF). THANK YOU! 🙏🙏

[@hyperbunnygirl101]

What do both of those stand for?

[@Mugiwara369-fy8dq]

@@hyperbunnygirl101 World Economic Forum 🚮 & International Monetary Fund 🚮

[@RobSettatree]

​@hyperbunnygirl101 your kidding right?

[@hyperbunnygirl101]

@@RobSettatree I'm not sure why you're being condescending. I want to learn so I asked

[@RobSettatree]

@hyperbunnygirl101 it's not condescending when it's a legitimate question. Condescending would be I can see why you don't know with a name like hyperbunnygirl. Have you been out chasing unicorns, rainbows and butterflies? (Rhetorical question). World Economic Forum the unvoted elites running the show. They are the ones creating all the problems people are having today. You should look into them to get an understanding of the Agenda.

[@maybe_mindigo115]

The term "neo monopoly" is perfectly descriptive for exploitative investment black-boxes like BlackRock. We should use that.

[@jeffreycheng5984]

Capitalism is nowhere in the Bill Of Rights. We were to have free enterprise with a debt free currency. "The Federal Reserve System is not Federal; it has no reserves, and is not even a system at all. But rather an international criminal syndicate."- Eustace Mullins.

[@ey67]

Take em down young people. Im 75. Been watching this since saint Ronny Reagan and slick Willie Clinton. Take it all down. Its up yo you. Vote out the old fossils ASAP. It's your world. Good luck

[@DisposableSupervillainHenchman]

It’s actually too late. BlackHole is too large and there’s really nothing that can stop them.

[@quartzofcourse]

I didn’t know it was this bad

[@jloiben12]

I am glad you clearly labelled this as a conspiracy video to begin with. Straight from the start (although it would be nice if you emphasized the “this isn’t a conspiracy” part in the substance of what you were saying)People have way too much brain rot when it comes to such asset managers.

[@oneofus6924]

"socialism is bad because one group owns everything!" "uh, you mean that's what we have now under capitalism"

[@Tailionis]

We aren't socialism or capitalism. The government is supposed to interject when needed..aka blackrock but they won't.. they are paid off.

[@jaydoggwaazaap3809]

????

[@flowerdoyle3749]

what we have IS NOT capitalism.....it's Crony Capitalism bought by Citizens United with policies skewed for the wealthy.

[@avalokiteshvara113]

@@jaydoggwaazaap3809 what are you confused about

[@SwornInvictus]

There's very little difference at the end of the day.

[@Green0Photon]

An excellent video. I'm so happy this debunked all the misinfo and focused on the important thing -- fund managers taking away everyone's rights to vote. It's not representative. It's not democratic. It's fine for all these companies to "own" so much. But the problem is that they're the ones who vote, not us.

[@johnCASIOharrison]

I love being in the freest country with the freest and most open markets :/

[@SydalaTristan]

Blackrock owns everything and everyone.

[@middleagebrotips3454]

Blackrock black stone black water... What else?

[@nothingnew765]

I think you got them all.

[@stereo-soulsoundsystem5070]

Big Black Rock

[@frances4797]

This is the America that J.F.K. tried to warn us about, which cost him his life 😣😢

[@WynnofThule]

Holy shit why are all the first comments NSFW bots?

[@BjornvirEldrusson]

They always come first 😏

[@chernobyl169]

Welcome to KZbin, friend, where the rules are made up and the likes don't matter

[@AnthraxVX]

probably their 74% controlling share in nvidia allows them to deploy insane amounts of AI bots that flood videos like this XD

[@antonhalk8792]

We all live under the rock and that rock is tainted by darkness of global proportions

[@dddilworth12]

Wow. That was eye-opening. And terrifying. Thank you for making this video.

[@dh510]

Easy fix: Just take the voting rights of institutional investors away. Only allow them to buy what's called "preferred stocks".

[@suddenly_radical4558]

The politicians who would implement that are owned by the companies and banks who are owned by these asset firms. It's like telling the finger to stop the arm of a killer.

[@jumbomuffin1316]

This country is doomed for people who just want to live happily…time to move to an actual developed country.

[@trapptrappy6481]

One of the best video on this topic,better than the hour long ones.

[@mc4ndr3]

if we can't break up blackrock then we need to fix our antitrust laws

[@boristheamerican2938]

Then you need to stop voting republican and wait for 2 SCOTUS judges to pass away. Dont think thats gonna happen.

[@ivanterrible7362]

If the guy running your company is named "Fink," you're the bad guy.

[@abelincoln3261]

It's a scam ..... Trust me.

[@dancingdingo]

I just stumbled upon this KZbin channel and immediately subscribed! I'm going on a massive binge watching previous ones.😉

[@publicenemy1238]

You're sipping the Kool aid

[@chey7691]

​@@publicenemy1238lol pro worker independent reporting is Kool aid now? Stop being so wrong and maybe someone would take you seriously.

[@publicenemy1238]

@@chey7691 you're triggered 🤣

[@TheSevien]

isn't the US classified as a oligopoly/oligarchy by the CIA itself?

[@bravojr]

I want black rock to believe in me..

[@daggar2k]

So basically if we don’t already have wealth or are born with it.. we are so screwed.

[@muhamadilsawi5397]

Well done 👏

[@StefanBacon]

Nice, maybe big truck/oil and the Import Vehicle Safety Compliance Act which keeps small, efficient vehicles illegal to own in the United States? Not to mention Chicken Tax and CAFE long-wheelbase/wide track exemptions.

[@billlumbergh9251]

Thieves in suits.

[@silverbirch-youtube]

Great video exposing the banking cartel. But everything is also so expensive because of all the central bank money printing. Which is another deliberate policy, one that lefties are told aids 'the poor' (more government money handouts) but is actually designed to rob the working and middle classes blind. It's a stealth tax that renders normal people's pensions, savings and salaries progressively worthless over time, while hard assets (which the rich 1% aggressively buy into) become increasingly unaffordable for normal people. If you look at house prices in the US or UK over the past 60 years measured in gold, they're actually pretty static - what has really happened in that time period is that the USD and GBP have become worthless. Which means if your wealth is tied up in fiat currency, it's forever lost its spending power. That's the real criminal theft against working people. And it's all by design.

[@joshuapatrick682]

Maybe we should make the stock market illegal?

[@TheNVTrashMan]

Talk about civil forefature and how inteded to protect people against drug money and such is being weaponized agaisnt us by the local governments to make profits, even if we were not convicted of any crimes!

[@piku5637]

“Mao?” “Mao?” - 🐈🐈‍⬛

[@mandyspacek1087]

Billions just never seem enough, power and greed rule the world......

[@HPkobold]

Why did companies even exist in this form?

[@mikedubovs1574]

Everyone talking about taxes.. let's remove welfare system and alimony and child support and personal income tax under 400k and remove homestead property tax under a certain amount per area.. no anchor babies citizenship no more bribes aka lobbyists and kickbacks and civics classes and testing yearly for students and politicians and economics

[@1MoreMisterE]

There was a Cornucopia on Fruit of the Loom label on products sold by K-Mart. The cornucopia represented K-Mart and all it had to offer at the time. Sadly with K-Mart out of business, this is why it is no longer around. This has been proven time and time again.

[@christmassnow1972]

Whoever can, please, support More Perfect Union. Investigative Reporting is extremely expensive. It takes a lot of money 💰 and time ⏲️ to expose thugs and corrupt enterprises. Thank you.

[@RobbieCalifornia69]

I’ve often wondered, when you go into the business world of investing … at what point do you finally cross the Rubicon where you tell yourself “I really don’t care what happens to other people … whether they live or die, as long as I make money”. I honestly don’t know how these people sleep at night with the crimes against humanity that they dish out from behind closed doors on Wall Street. It really is a personality construct characterized by impaired empathy and remorse, bold, impulsive, egocentric traits, masked by superficial charm and the outward appearance of apparent normalcy.

[@01NATHAN10]

You guys are just catching up, better late than never

[@01NATHAN10]

this video was garbage

[@F.o.s.t.e.r.]

What's the alternative?

[@chey7691]

This is approachable and has the information someone who hasn't heard of it would need to start investigating. Not everyone is also aware of it, because not everyone is chroniclly online or in *those* circles.

[@zachbonvallat6586]

BlackRock is Black ops, State Street is unionize state focused not federal focused wall street. Vanguard is to protect you as a front line or from being kidnapped.

[@hongolloyd8728]

Think of time as money. One million seconds, 11.5 days, one billion seconds,31.7 years, one trillion seconds, 31,688 years.

[@DavidJohnson-pu2jh]

This isn't a conspiracy Theory but have you heard of the untaxables it's extremely poor people here in America who technically make some money but are so far below the poverty line they can't afford to pay their taxes Even if they want to. / Their monthly survival budgets are so tight that they usually spend all their money they make throughout the year on survival largely Meaning every year they start over from zero or close to Zero building up the money through the year to spend it all by the end of the year. / What's concerning is to continue this system where we prop up the wealthy and absurdly wealthy and let them pay little to nothing at all in taxes because they simply say they don't want to because they're so rich in other words spoiling the wealthiest Americans rotten. / anyway as A result of this very backwards and dumb system when it comes to taxes the number of people who are becoming untaxable continues to steadily grow if this continues much longer it will be bad for the system of our society and country overall, / If you're wondering how think about it the wealthy Americans say they choose not to pay 'cause they don't want to pay a mathematical fair share in taxes based on how rich they are and the absurdly poor Largely say I'd like to pay you but I can't don't have it can't take money away from rent food or basic utilities Trying to tax these low income individuals Would yield little To NO tax money You would effectively be making their lives more unbearable in exchange for Blood change they need that change to help them survive that's how poor they are. / unlike the absurdly wealthy who choose not to pay

[@fracanl]

I love this channel.

[@CarlosAguayojr-s9s]

I just want a part time 🙁

[@cutback443]

Great video. You should do a story on "CUSTODY" aka ownership -and how those laws have been secretly CHANGED over the last 10 years in way that GIVES COMPLETE AUTHORITY and CONTROL over "YOUR" investments and capital to firms like BLACKROCK and Vanguard.

[@bjdefilippo447]

Well done piece. Thank you for the information. I remember back when my parents had a broker and invested a little in a few stocks. That sort of thing seemed to stop decades ago, but I hadn't realized what the process had been. With cuts in benefits, fewer people have access to pensions from work, let alone money to invest in the market.

[@Akanisen049]

I've been wanting you to make a video on blackrock for like a year now thank you!

[@imacmill]

Send us your "next" conspiracy? Was this video about a conspiracy? I didn't detect any conspiracies.

[@writerconsidered]

There's two kinds of conspiracy. Conspiracy theory which is made up. And conspiracy fact which is the real conspiracy.

[@luisluiscunha]

Thank you Blackrock and Vanguard: because of you altough only starting to have financial literacy after 40 😢, at 50 I am a few years away of being able to have enough money to just wait for my retirement pension to kick in at 68, including keeping paying social security contributions and IRS. And, as I want to keep working, and not touch my savings I may one day have 1/4 of a million or even near 0.5M usd. That is more than what my paid for home is worth, in Portugal , in a mid upper class building. If you told me I would be able to be in such a situation 5 years ago, I would say that was crazy. Just work, keep buying SP 5000 doing dca, and chill

[@richardspillers6282]

None of anything going on today is sustainable. Best case scenario is my grandchildren will be living in a real life.Mad max kind of world.

[@chelseashurmantine8153]

I have one: the meat and dairy industries are funded by money that’s gone through offshore accounts that are fed with fossil fuel profits

[@chelseashurmantine8153]

And since pesticides and transport etc are some of the biggest fossil fuel consumers, they get paid over and over in every direction, hiding their money in the process

[@okernist-gut223]

Atlas Network. Do the Atlas Network. Its the core of it all!

[@nataliewood8930]

I lost my company in 2008, too bad I didn't get a bail out. Still haven't recovered from that one

[@THEROOT1111]

If you only knew how bad things really are... but you're doing ok.

[@0zoneTherapyCures]

You just know they would've loved to call their firm BlackRockHard

[@RextheRebel]

The song Cigaro by System of a Down fits this perfectly.

[@writerconsidered]

Or shorten it to black

[@mathgod]

As long as the leaders of BlachRock get an extra vacation home with a pool, I guess it’s okay.

[@1st1anarkissed]

Dont forget, when you hold money, you can lend money, more than you have, essentially making it out of nothing and charging interest.

[@NY2Vegas]

Here’s a way to conceptualize $1B: if an individual were paid $2,000/wk from the year 0 up until today, they would not even be paid $500,000,000 yet! So imagine what a TRILLION DOLLARS signifies. I don’t see how any of this gets righted so the avg investors has more of a say in what their money does…

[@sakttan]

At 4:53 this video states that Blackrock owns "74.77%" of NVDA stocks. I think that might be a typo...

[@summertime69]

I really struggle with this whole thing. For context, I studied economics so a lot of this wasnt new... but like... we put our money into protecting our retirement, and that money goes to these guys who make themselves fat off of a growing stock market that only grows because they made decisions that hurt us and if we did anything to fix it, retirees and near-retirees will be drastically hurt. I just dont know how we fix this. For our own sakes, we have to put money into an oroboros and hope that when it finally reaches its own head, we wont be alive anymore.

[@youtubeuniversity3638]

Rock sure be Black.

[@RandyRanderson404]

These systems can exist because of our inflationary monetary system. If you have hard money, it's harder for these companies to rent seek and inflate your money away.

[@asokt4931]

Also - it allows them to coordinate policies pretty well, and across borders too.

[@aimenfaisalzia]

2) How about a petrodollar hegemony episode? Esp in light of the recent (quickly refuted) news that countries such as Saudi were not looking to settle exclusively in USD when trading oil with other countries. News outlets that reported on this soon had disclaimers stating there is/was no petrodollar agreement. They're sowing confusion by refuting the existence of the system by the conflationary acknowledgement that a "written agreement" around it never existed

[@JB0143RP]

All shareholders get an equal vote. Doesnt matter if you hold 35% of shares, you get 1 vote. Easy fix

[@austro3852]

Insurance needs to be banned

[@donquique1]

5 percent gets you a seat in the board.

[@cromulus5853]

Don’t forget Black Stone another wolf in sheep clothing. also Black Rock is an extension of the former. I think everyone should take lessons from the top 100 assets manager. Think of their backgrounds . All of them come from the bottom of the barrels and now at the tops they wil not let others taste the honey cake.

[@frances4797]

"Betting on all the horses at once" is a really good analogy because you're essentially betting against yourself 😣

[@AnthraxVX]

its beyond that, its betting on all the horses while also managing or having controlling decisions on the horses diet, exercise and jockey

[@kendallsmith1458]

Betting on the house wins. Unless of course it's run by DjT...

[@nscyam]

Nice job. I think you kinda missed a curve in the road around CEO compensation with stock. That does not come out of profits, It is actually, basically a good idea if we could just keep the avarice out of it. Rewarding CEO's with stock encourages them to build a company with a future and discourages CEO's bleeding a company's future to look good right now (all too prevalent particularly with private capital). Rewarding CEO's with reserved stock only hurts the people who already own the stock - their value is diluted a few cents and the CEO gets millions that can't be traded for years.

[@Ironface53]

At what point does a 'conspiracy' stop being a conspiracy whenever the paper trail is this big and far-reaching?