These 10 Companies Run Our ‘Democracy’
(scheerpost.com)
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"Whoever we elect as President is not going to make any difference because they’re managed by capital,” Phillips tells Scheer. "
AND, this is why the people at the top of the money heap hate Trump. He is going to make a difference (along with those who have supported him and asked him to run for office). That's the huge fact some of these so called astute political philosophers have missed.
Exactly.
'Whoever' refers to all the other political whores that were 'elected' over the years.
Trump is not one of them, hence the deranged hate.
That list includes William McKinley, John F. Kennedy, Donald Trump, and maybe Grover Cleveland, the last President to serve two nonconsecutive terms.
"Phillips names the top 10 capital investment companies, such as BlackRock, Vanguard, State Street, Morgan Stanley and others as the main culprits. Over $50 trillion are controlled by 117 people across these 10 companies, according to Phillips."
Just a reminder though that a huge chunk of BlackRock and Vanguard's holdings consist of money incrementally saved by regular middle and working class people since the Go Go Go Go pinstriped Reaganismo 1980s. When pension funds were liquidated for the good of the NWO. Individual retail investing wasn't a thing till the 1970s.
And the message was, no no no you don't need a pension, goy, get yourself a 401(k) in the name of the Holy Private Sector...and contribute to it for 40 years at X% a year on average (over 100 years)...though of course you won't have any job for more than a few years because we'll keep liquidating businesses and slashing labor for profit...and somehow you'll have to survive serial recessions, the need to change jobs every 3-6 years, continually having to sell your house and rebuy in the new job place, with your mortgage amortization curve resetting the interest load to the fat front end, plus escalating taxation, including vaporous inflation of your house value...and then maybe if your lords and masters feel like it, you can retire on a fixed income and try to figure out how to make it all work.
Even the investment firm that specializes in investments for teachers/academics (TIAA-CREF) has something like $1.25T AUM.
These companies' biggest fear is that people roped into these savings/investment schemes now are retiring en masse and wanting to use their money rather than have it sit there in the spreadsheets of the investment companies. Uh oh.
The original plan seemed to be that anyone over 55 or 57 or 60 would be made just well enough to keep paying taxes and just sick enough to become a complete ward of the Pharma State, whose job would be to perform a Total Cashectomy on the inmate, I mean patient.
DJT understands all this. He is representing all of us who are sick of being bled dry by parasites.
Nice post. Yes. I have opted out of 401k. IMO it's a scam to keep us just barely able to survive in retirement. I'd rather get ALL money that would have went to 401k and use it to invest in short/medium term profits.
401(k)'s are not a scam if you are an S-Corp and manage them properly. I am in business for myself and I can retire at any time I feel like it (I'm 66 years old now). My account appears just above your comment.
I am thankful for the original Kemp-Roth tax reduction act of 1981, and the creation of the personal before-tax savings plan alternatives to Social Security known as Roth IRA's and 401(k)'s, signed into law by Reagan. Reagan's policies squeezed the Carter-era inflation/stagflation out of the US financial system, and laid the groundwork for a booming economy while he bankrupted the USSR and won the Cold War all at the same time.
Pension plans are only so good as the company paying them continues to exist. Self-employment has Self Employment Plans (SEP's) for those who choose to enter a suitable line of business for them, but S-corps have more built in advantages for my type of work.
I am an S-Corp (2 employees: me and my wife). Structured in Nevada (no state Income or corporate tax), though I operate as a "foreign corporation" in my state of residence which is not Nevada. In only 20 years our retirement plans have grown to $2MM, we own a house worth $1MM, and we paid off the mortgage on it 10-years ahead of time and in its entirety 10 years ago, and we have $1MM cash on hand.
We reared 4 children of our own and put 3 of 4 of them through college, 3 as company employees. One was GI Bill the whole way and another who started as my employee and was GI bill only partially, but using the rest at this time doing his Masters degree program.
The Reagan era was great for career development and capital formation. Trump's 2nd term will bring explosive growth and spur the creation of more small busnesses, structured likemine, who can benefit from savvy 401(k) management.
MOASS will fix this.
Make the choice mother***ker or you are going to die.
https://files.catbox.moe/9rk3du.mp4
And the crazy thing is this doesnt even include the federal resever. All are run by a group that rhymes with "mews" also known as the fake "mews" or in some references "the synagogue of satan"
Arabella, 1630, etc...
Used our 401k retirement house equity all of it to fund our son’s treatment. Worth it every dime. He is a multimillion dollar man lol. I will say however in all honesty the quality of his care has suffered as our assets decreased BUT not by much. They just churn him out of the hospital faster and I have gotten remarkably good at in home nursing. This is another perk of living under corporatism. The corporatism of the medical sector. Stay healthy frens.