BlackRock, Vanguard & State Street are the largest stockholder for 88% of S&P 500 companies.
PBD and Joe Rogan discuss their agenda.
Patrick Bet-David on the Joe Rogan Podcast explains how Blackrock, Vanguard and State Street are the largest stockholder for 88% of all companies in the S&P 500.
These are the companies behind "ESG" woke investing. Meaning they use your investment money for political agendas over funding your retirement. They are a virtual monopoly as they cooperate to implement a leftist agenda. This is why Bud Light and Disney cannot stand up to the woke agenda in the face of huge losses as they control the board of directors. They are using your retirement and investment funds to do it.
The monopoly laws say that if you own over 50% of a market that is a monopoly, but there is not much sunlight between owning the market outright or just controlling it by being a large stockholder. This super-monopoly is more powerful than most countries.
Blackrock controls over $10 trillion in assets alone.
Patrick Bet-David explains just how powerful these companies are. He explains how they create oligarchs more powerful than Klaus Schwab and George Soros. Imagine if you controlled the CEO’s and access to capital for 88% of the companies on the S&P 500.
It is also believed that these companies used their influence at Fox News to help get Tucker Carlson fired and the verdict is in as to how much damage that did to News Corp.
Joe: “But what about the role of ESG?”..... asked about eight times until given a proper answer. Finally. 🤬🤬