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In reply to the discussion: You know the 1% are ripping us off to an astonishing extent, right? [View all]defacto7
(13,485 posts)54. Here's some info on the owners of us all.
It's a couple of years old and I know there have been some shifts but the basic forces are the same. Can anyone concur with some of these conclusions I gleaned back in 2011?
The world's largest companies are:
Bank of America:
State Street Corporation, Vanguard Group, BlackRock, FMR (Fidelity), Paulson, JP Morgan, T. Rowe, Capital World Investors, AXA, Bank of NY, Mellon.
JP Morgan:
State Street Corp, Vanguard Group, FMR, BlackRock, T. Rowe, AXA, Capital World Investor, Capital Research Global Investor, Northern Trust Corp. and Bank of Mellon.
Citigroup:
State Street Corporation, Vanguard Group, BlackRock, Paulson, FMR, Capital World Investor, JP Morgan, Northern Trust Corporation, Fairhome Capital Mgmt and Bank of NY Mellon.
Wells Fargo:
Berkshire Hathaway, FMR, State Street, Vanguard Group, Capital World Investors, BlackRock, Wellington Mgmt, AXA, T. Rowe and Davis Selected Advisers.
There appears to be 4 entities present in all these banks:
State Street Corporation
Vanguard Group
BlackRock
FMR (Fidelity)
I'll call them the "big four".
The next 4 corporations are next in line in size...
Goldman Sachs:
"The big four", Wellington, Capital World Investors, AXA, Massachusetts Financial Service and T. Rowe.
Morgan Stanley:
"The big four", Mitsubishi UFJ, Franklin Resources, AXA, T. Rowe, Bank of NY Mellon e Jennison Associates. Rowe, Bank of NY Mellon and Jennison Associates.
Bank of NY Mellon:
Davis Selected, Massachusetts Financial Services, Capital Research Global Investor, Dodge, Cox, Southeastern Asset Mgmt. and ... "The big four".
State Street Corporation (one of the "big four" :
Massachusetts Financial Services, Capital Research Global Investor, Barrow Hanley, GE, Putnam Investment and ... The "big four" (shareholders themselves!).
BlackRock (another of the "big four" :
PNC, Barclays e CIC [...]
The eight largest U.S. financial companies (JP Morgan, Wells Fargo, Bank of America, Citigroup, Goldman Sachs, U.S. Bancorp, Bank of New York Mellon and Morgan Stanley) are 100% controlled by ten shareholders and we have four companies always present in all decisions: BlackRock, State Street, Vanguard and Fidelity.
The Federal Reserve is comprised of 12 banks, represented by a board of seven people, which comprises representatives of the "big four", which in turn are present in all other entities. So it seems the Federal Reserve is controlled by four large private companies: BlackRock, State Street, Vanguard and Fidelity. These companies control U.S. monetary policy (and world) without any control or "democratic" choice.
These are some of the companies controlled by this "big four" group:
Alcoa Inc. - Altria Group Inc. - American International Group Inc. - AT&T Inc. - Boeing Co. - Caterpillar Inc. - Coca-Cola Co. - DuPont & Co. - Exxon Mobil Corp. - General Electric Co. - General Motors Corporation - Hewlett-Packard Co. - Home Depot Inc. - Honeywell International Inc. - Intel Corp. - International Business Machines Corp - Johnson & Johnson - JP Morgan Chase & Co. - McDonald's Corp. - Merck & Co. Inc. - Microsoft Corp. - 3M Co. - Pfizer Inc. - Procter & Gamble Co. - United Technologies Corp. - Verizon Communications Inc. - Wal-Mart Stores Inc. - Time Warner - Walt Disney - Viacom - Rupert Murdoch's News Corporation. - CBS Corporation - NBC Universal
Bank of America:
State Street Corporation, Vanguard Group, BlackRock, FMR (Fidelity), Paulson, JP Morgan, T. Rowe, Capital World Investors, AXA, Bank of NY, Mellon.
JP Morgan:
State Street Corp, Vanguard Group, FMR, BlackRock, T. Rowe, AXA, Capital World Investor, Capital Research Global Investor, Northern Trust Corp. and Bank of Mellon.
Citigroup:
State Street Corporation, Vanguard Group, BlackRock, Paulson, FMR, Capital World Investor, JP Morgan, Northern Trust Corporation, Fairhome Capital Mgmt and Bank of NY Mellon.
Wells Fargo:
Berkshire Hathaway, FMR, State Street, Vanguard Group, Capital World Investors, BlackRock, Wellington Mgmt, AXA, T. Rowe and Davis Selected Advisers.
There appears to be 4 entities present in all these banks:
State Street Corporation
Vanguard Group
BlackRock
FMR (Fidelity)
I'll call them the "big four".
The next 4 corporations are next in line in size...
Goldman Sachs:
"The big four", Wellington, Capital World Investors, AXA, Massachusetts Financial Service and T. Rowe.
Morgan Stanley:
"The big four", Mitsubishi UFJ, Franklin Resources, AXA, T. Rowe, Bank of NY Mellon e Jennison Associates. Rowe, Bank of NY Mellon and Jennison Associates.
Bank of NY Mellon:
Davis Selected, Massachusetts Financial Services, Capital Research Global Investor, Dodge, Cox, Southeastern Asset Mgmt. and ... "The big four".
State Street Corporation (one of the "big four" :
Massachusetts Financial Services, Capital Research Global Investor, Barrow Hanley, GE, Putnam Investment and ... The "big four" (shareholders themselves!).
BlackRock (another of the "big four" :
PNC, Barclays e CIC [...]
The eight largest U.S. financial companies (JP Morgan, Wells Fargo, Bank of America, Citigroup, Goldman Sachs, U.S. Bancorp, Bank of New York Mellon and Morgan Stanley) are 100% controlled by ten shareholders and we have four companies always present in all decisions: BlackRock, State Street, Vanguard and Fidelity.
The Federal Reserve is comprised of 12 banks, represented by a board of seven people, which comprises representatives of the "big four", which in turn are present in all other entities. So it seems the Federal Reserve is controlled by four large private companies: BlackRock, State Street, Vanguard and Fidelity. These companies control U.S. monetary policy (and world) without any control or "democratic" choice.
These are some of the companies controlled by this "big four" group:
Alcoa Inc. - Altria Group Inc. - American International Group Inc. - AT&T Inc. - Boeing Co. - Caterpillar Inc. - Coca-Cola Co. - DuPont & Co. - Exxon Mobil Corp. - General Electric Co. - General Motors Corporation - Hewlett-Packard Co. - Home Depot Inc. - Honeywell International Inc. - Intel Corp. - International Business Machines Corp - Johnson & Johnson - JP Morgan Chase & Co. - McDonald's Corp. - Merck & Co. Inc. - Microsoft Corp. - 3M Co. - Pfizer Inc. - Procter & Gamble Co. - United Technologies Corp. - Verizon Communications Inc. - Wal-Mart Stores Inc. - Time Warner - Walt Disney - Viacom - Rupert Murdoch's News Corporation. - CBS Corporation - NBC Universal
The same "big four" control the majority of European companies counted on the stock exchange.
I would say there is a major control mechanism here or the whole world just really trusts these 4 companies.
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You know the 1% are ripping us off to an astonishing extent, right? [View all]
Fire Walk With Me
Aug 2013
OP
Now THAT is an OP. Explains why Have-Mores get richer and the rest of us get the shaft.
Octafish
Aug 2013
#2
Gotta keep up with your superb work. The BFEE =are= Plutonomy. As are their Saudi friends who are
Fire Walk With Me
Aug 2013
#3
Obviously they have an exit plan.........from this sinking ship. Space, the exit plan for the 1%?
SammyWinstonJack
Aug 2013
#99
Taitertots, thank you for your great explanation. I'm having to reread this a # of times :)
nenagh
Aug 2013
#120
The simplified version is that they didn't have enough cash to cover their bets
Taitertots
Aug 2013
#122
Excellent work, Fire. Everyone in the country should be reading about these issues
sabrina 1
Aug 2013
#41
GHW Bush on the "new world order" : "When we are successful...and we will be..."
Fire Walk With Me
Aug 2013
#49
Thank you, I was unaware of some of this and it makes great sense. Good to know "them". n/t
Fire Walk With Me
Aug 2013
#78
The magnitude of their theft is simply incomprehensible to most people. Every aspect of
geckosfeet
Aug 2013
#57
That's one of the most telling images from the movement. They certainly don't serve The People.
Fire Walk With Me
Aug 2013
#102
Irrefutable evidence, yet most folks will simply ignore this rather than deal with the reality.
Civilization2
Aug 2013
#65
Cut off the Billionaires access to politicians by protesting (massively) for Publically Funded
Dustlawyer
Aug 2013
#69
Sadly just not for climate change. Those who live in steel forests, unattached to the soil.
raouldukelives
Aug 2013
#104
I tend to agree with you in theory. I just haven't seen it played out with facts.
raouldukelives
Aug 2013
#112
Thank you so much for this post! Money is being sucked out of Americans' pockets at a faster
loudsue
Aug 2013
#80
Check the end section of Plutonomy's own fears. These are specific vectors we may use against them.
Fire Walk With Me
Aug 2013
#90
Nice collection you gathered Fire. Thanks! Worthy of a rec and bookmark. nt
adirondacker
Aug 2013
#89