Time for a new video!
Here's a question for you: What's the most powerful company in the world?
No, it's not a bank, but an asset manager. And that's not just any asset manager. It's one that controls over $10 trillion in assets and has a direct line in to some of the most powerful people in the world.
Not only that, but it controls a technology platform that is responsible for monitoring over $21.5 trillion in wealth. One that is relied on by nearly every single asset manager in the world – including direct competitors.
While this control is in and of itself a troubling fact, it's that this control could be used to leverage societal change – whether we like it or not. That's because Fortune 500 companies have learned that to tow the line of the most powerful company in the world.
This has become particularly relevant in today's climate (Twitter takeover for example).
And, what's perhaps most crazy about this is that if you hold any sort of mutual fund or have a pension, then it is likely that this company controls your money 🤯
This was an interesting video to research and there are so many facets to it – so I hope you enjoy it!
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⛓️ 🔗 Useful Links 🔗 ⛓️
Vanity Fair on Fink: https://www.vanityfair.com/news/2010/…
BlackRock on Board Action: https://www.wsj.com/articles/blackroc…
Fink on Board ESG: https://www.nytimes.com/2018/01/15/bu…
Three Firms Power: https://theconversation.com/these-thr…
BlackRock's Aladdin: https://www.newstatesman.com/politics…
Aladdin in FT: https://www.ft.com/content/5ba6f40e-4…
BlackRock in 2020: https://www.nytimes.com/2021/06/24/bu…
BlackRock Buying Homes: https://www.wsj.com/articles/if-you-s…
BlackRock in GFC: https://www.wsj.com/articles/SB124269…
Questions of BlackRock Control: https://www.reuters.com/article/us-be…
BlackRock Exonn Votes: https://www.reuters.com/business/ener…
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
