Reminder – over 90% of all US Media is controlled by 6 companies. If you control these – you can virtually control "democracy". pic.twitter.com/ejlTz3F8zu
— Victims of Capitalism (@CaptalismCrime) March 19, 2019
Investment Banks own the entire world.
To go even deeper, let’s take a look at the majority shareholders of each of these six corporations: They’re all the same. Institutional investment banks like BlackRock, The Vanguard Group, State Street, Wellington, and some others. Each of those banks has trillions in Assets Under Management (AUM), and they all own majority positions in these media companies.
Here’s where it gets interesting: Each of those banks actually owns shares of each others stock. Wellington, State Street, Vanguard, B of A, Morgan Stanley, Wells Fargo, and BNY Mellon, just to name a few, own millions of shares of BlackRock’s stock. But BlackRock isn’t an outlier here. Vanguard, BNY Mellon, and many BlackRock subsidiaries own positions in State Street, and it’s the same story across the board in the finance industry.
So to recap, each of these media companies are owned by multi-trillion dollar financial institutions. These same institutions own shares of their competitors. What does this mean?
Two things, really:
1-Collectively, the finance industry owns the ultimate control over global thought leadership.
2-If one of these banks ever fails, they will all fail together because of the risks they share by owning each others stock.