These 10 Companies Run Our ‘Democracy’
(scheerpost.com)
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"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.