Big Pharma and mainstream media are largely owned by two asset management firms: BlackRock and Vanguard. Drug companies are driving COVID-19 responses — all of which, so far, have endangered rather than optimized public health — and mainstream media have been willing accomplices in spreading their propaganda, a false official narrative that leads the public astray and fosters fear based on lies. Vanguard and BlackRock are the top two owners of Time Warner, Comcast, Disney and News Corp, four of the six media companies that control more than 90% of the U.S. media landscape. BlackRock and Vanguard form a secret monopoly that own just about everything else you can think of too. In all, they have ownership in 1,600 American firms, which in 2015 had combined revenues of $9.1 trillion. When you add in the third-largest global owner, State Street, their combined ownership encompasses nearly 90% of all S&P 500 firms. Vanguard is the largest shareholder of BlackRock. Vanguard itself, on the other hand, has a unique structure that makes its ownership more difficult to discern, but many of the oldest, richest families in the world can be linked to Vanguard funds.
https://childrenshealthdefense.org/defender/blackrock-vanguard-own-big-pharma-media/
I guess we see how it all shakes out. I have my beliefs that our market is 100% rigged and these entities use various methods to accomplish the same goal: Drive businesses they don’t like out of business while falsely pumping their long positions.
After all the corruption we have seen uncovered it’s hilarious that you think mutual funds are great wealth builders. Yes, some people make money long term, but crashes, fees, manipulation, taxes, and the like make it a drop in the bucket compared to what the elite are making off of us.
They are because they HAVE created wealth. That’s irrefutable,
I prefer ETFs, though. I want to be able to act during market hours, a Mutual Funds don’t allow for that.