Yeah they have 10 trillion in assets, that doesn't mean they all produce income. For example, Berkshire Hathaway and Tesla stocks are REALLY valuable, and have a place in nearly every growth oriented fund in existence. But they don't pay dividends. Likewise, a lot Blackrock's 10 trillion is tied up in private equity and venture capital, which again, doesn't pay dividends. It's meant to grow in value and then be sold off at a later date.
The biggest thing a lot of people ignore is that there ARE rules to fund managing entities. For example, REITs (Real Estate Investment Trusts) Are required to pay out 90% of their income to the investors, with all employee salaries, etc. being taken out of the remaining 10%. There are similar rules that apply to mutual funds, ETFs, etc.
Black Rock DOES manage a lot of crap, but they don't make a massive amount of money off of it themselves as an entity.
Here's another example. Amazon has a total market value of over a $1 Trillion. They're revenue is a little over $386 Billion, and by the time they pay off their employees, settle annual debts, pay dividends to investors, they only make about $21 Billion. For the record, the reason Amazon has technically higher income is because they aren't a fund and can decide all the payout rules themselves.
Yes I know that's wikipedia, but that shows my point. Blackrock's revenue is apparently $16 Billion, so I was a billion off. But their income is only $5 billion from ALL of their funds. That's because that $10 Trillion is AUM (assets under management). That's basically a private version of your retirement fund or social security. They don't own those investments, but manage them on behalf of the owners through their various funds and get paid a fee for doing so.
I get your point, and on a 'normal crash', could somehow be applied, but the problem here is that we don't talk about a normal crash, we talk about a reset, pushed by the WEF, and that's why i wrote earlier there's to understand the Klanus Swab vision, because if they succeed, after the total crash, there will be an entire new economy, made up an entire set of new rules
The crash will reset any debt their friends / big companies have and fuck entirely the privates (not the same rules, you should know)
Small companies / mid business will be absorbed or killed ( This already started with Covid round 1) -> People should not generate any wealth, nor should share it with his employees (rightful salaries)
Just big business like Amazon, Walmart, etc (There is a specific reason, not just to 'own everything', but to rather to control everything, as they handle all the supply chain, they can starve people do death with a single call, harder to do if you have decentralized groceries that can find goods from alternative sources)
Private loan, mortgages, and stuffs, as hinted earlier, will be defaulted, aka they will buy and own it, and they can take it away from you
Travels will be heavily restricted, international one almost a privilege
And there is much much more fuckery, the final objective is to have a credit score system, like China, where they have full control over your life/rights, and the health pass it's the cover they are using
You are a good sheep -> you have access to gov stuffs and right to live a fake 'free life'
You are bad sheep -> your rights are limited and possibly you will be confined home
If you don't know what is the end game of the NWO dystopian future, I'd suggest you read something on 1984, the Rockefeller lockstep, Davos, Agenda 2030, WEF Great reset, and so on
BTW, the “You’ll own nothing and you’ll be happy about it.”, is the official slogan of the WEF agenda 2030, as they state on their website also the stuffs about 'no privacy' and everything, it's not hidden, they put it out in our face
Yeah they have 10 trillion in assets, that doesn't mean they all produce income. For example, Berkshire Hathaway and Tesla stocks are REALLY valuable, and have a place in nearly every growth oriented fund in existence. But they don't pay dividends. Likewise, a lot Blackrock's 10 trillion is tied up in private equity and venture capital, which again, doesn't pay dividends. It's meant to grow in value and then be sold off at a later date.
The biggest thing a lot of people ignore is that there ARE rules to fund managing entities. For example, REITs (Real Estate Investment Trusts) Are required to pay out 90% of their income to the investors, with all employee salaries, etc. being taken out of the remaining 10%. There are similar rules that apply to mutual funds, ETFs, etc.
Black Rock DOES manage a lot of crap, but they don't make a massive amount of money off of it themselves as an entity.
Here's another example. Amazon has a total market value of over a $1 Trillion. They're revenue is a little over $386 Billion, and by the time they pay off their employees, settle annual debts, pay dividends to investors, they only make about $21 Billion. For the record, the reason Amazon has technically higher income is because they aren't a fund and can decide all the payout rules themselves.
https://en.wikipedia.org/wiki/BlackRock
Yes I know that's wikipedia, but that shows my point. Blackrock's revenue is apparently $16 Billion, so I was a billion off. But their income is only $5 billion from ALL of their funds. That's because that $10 Trillion is AUM (assets under management). That's basically a private version of your retirement fund or social security. They don't own those investments, but manage them on behalf of the owners through their various funds and get paid a fee for doing so.
I get your point, and on a 'normal crash', could somehow be applied, but the problem here is that we don't talk about a normal crash, we talk about a reset, pushed by the WEF, and that's why i wrote earlier there's to understand the Klanus Swab vision, because if they succeed, after the total crash, there will be an entire new economy, made up an entire set of new rules
The crash will reset any debt their friends / big companies have and fuck entirely the privates (not the same rules, you should know)
Small companies / mid business will be absorbed or killed ( This already started with Covid round 1) -> People should not generate any wealth, nor should share it with his employees (rightful salaries)
Just big business like Amazon, Walmart, etc (There is a specific reason, not just to 'own everything', but to rather to control everything, as they handle all the supply chain, they can starve people do death with a single call, harder to do if you have decentralized groceries that can find goods from alternative sources)
Private loan, mortgages, and stuffs, as hinted earlier, will be defaulted, aka they will buy and own it, and they can take it away from you
Travels will be heavily restricted, international one almost a privilege
And there is much much more fuckery, the final objective is to have a credit score system, like China, where they have full control over your life/rights, and the health pass it's the cover they are using
You are a good sheep -> you have access to gov stuffs and right to live a fake 'free life'
You are bad sheep -> your rights are limited and possibly you will be confined home
If you don't know what is the end game of the NWO dystopian future, I'd suggest you read something on 1984, the Rockefeller lockstep, Davos, Agenda 2030, WEF Great reset, and so on
BTW, the “You’ll own nothing and you’ll be happy about it.”, is the official slogan of the WEF agenda 2030, as they state on their website also the stuffs about 'no privacy' and everything, it's not hidden, they put it out in our face
https://twitter.com/wef/status/849459333486317568
'Welcome to 2030. I own nothing, have no privacy, and life has never been better'