25/06/2023
There are three companies in charge of about 24% of all the money in the world. Is that a problem? Is that too much power?
As of 2023, Blackrock, State Street, and Vanguard manage close to 22 trillion dollars of assets, and depending on what you class as 'money', there is only about $90.4 trillion in circulation.
They are also shareholders of most of the major corporations around the world. What do they do? They manage passively managed index funds.
When you look into the Senate Office of Public Records in the USA, you'll see that just Blackrock alone has invested millions of dollars to lobby the government.
Eric Van Nostrand left Blackrock to start his Biden-appointed position in the US treasury. Blackrock has since been given the opportunity to rebuild Ukraine. Eric is now the senior adviser on economic issues related to Russia and Ukraine.
Billions of dollars of 'aid' for Ukraine went to only a few US defence contractors - Lockheed Martin, Raytheon, Northrop Grumman. These same companies have lobbied the government with hundreds of millions of dollars.
I'm not saying people are good or bad. I'm not even saying Blackrock and others are necessarily evil companies. I just wonder, when did the blood of innocence become so profitable?
When did fear become the most valuable currency for accumulating wealth? When did the slaughtering of Iraqis, Afghans, Vietnamese, Syrians, and Yemenis become okay, but not Ukrainians?
Are we really the good guys in this story?
Or is it just too painful to acknowledge that the value of life is now measured in dollars and cents?