Who Controls The US? BlackRock & Co.
December 1, 2023: We often debate about who really controls the United States – the most powerful country on the planet. There are dozens of views and conspiracy theories. But can we ever know the truth about who are America’s real puppet masters? This special report answers the million-dollar question.
To know who controls a nation, look for who controls the economy. So, who controls the US economy today? Three shady American companies – called BlackRock, Vanguard Group, and State Street Corporation. They are the world’s three most powerful ‘asset management companies’. They control 90% of what are called ‘index funds’. And through that, they control 90% of Corporate America.
So, the cat is out of the bag. Unseen faces and undisclosed families who own these three companies are the true controllers of modern-day US. Thank you for tuning in. This is Nadim. You are watching Empire Diaries. Let’s find out what these companies actually do, what index funds are, and why the world knows so little about the real owners of the US.
The Big Three: BlackRock, Vanguard, State Street
Forget celebrity CEOs, rockstar brands, secretive elites, and Silicon Valley. At the top of the power pyramid are these three asset management companies – BlackRock, Vanguard, and State Street. Before we go into what they do, let’s quickly understand how rich and powerful they are through some numbers.
First in our line-up is BlackRock. The New York company controls assets worth $9.4 trillion. Want an idea of what that amount means? $9.4 trillion is way higher than the combined assets of Bill Gates, Elon Musk, Mark Zuckerberg, Gautam Adani, and Mukesh Ambani.
Next, there’s Vanguard, headquartered in Pennsylvania. It controls assets worth $7.7 trillion. The third member of the gang is Boston-based State Street, a financial player since 1792. These three companies literally own the corporate landscape of the US.
That figure is more than all the sovereign wealth funds combined. They’re the major shareholders in 40% of all publicly listed US companies. In the S&P 500 financial market index, they’re the dons. They influence 90% of the big shots like Apple, Microsoft, and Coca-Cola.
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