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When A Few Rule The World

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@cryptoandcoffee
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Quite an eye opener how these companies have grown and in many ways is very dangerous having such dominance and more importantly influence.

I know @whatssap and @tarazkp have mentioned how BlackRock and a few others have a global footprint in most companies around the world. I think this picture demonstrates what kind of footprint rather clearly considering most of these companies are household names in the countries we live.

If they cover every single sector they can influence so much dictating what the market does. Whether it is banking, pharmaceuticals or manufacturing they will definitely be able to manipulate what they want.

I know there is talk they were behind Terra Lunas crash and I would put nothing past them. Who knows if they did or didn't but it will always come out in the wash at some point. Whoever instigated this had something serious to gain by either trying to create FUD delaying crypto adoption or some other sinister reason.

Not surprisingly to know BlackRock controls the stable coin USDC by handling and managing their reserves and was looking at ways to implement their stable into capital markets. I ma not saying they had anything to do with UST as anyone knows if there is a weakness or a flaw it will be found.

I know what it is like working for a company who is dominant in the market place as there are no rules that really apply. No one questions what really happens as you are basically too big to question. You basically wipe out competitors not allowing them a foothold or have a subsidiary buy them out if they do grow.

BlackRock, Vanguard Group and State Street Corp own an estimated 22% of the S&P 500 companies which is a 9% increase from 14 years ago. Unfortunately if this trend continues the world will be controlled by literally 3 investment houses as they will only get bigger and bigger. What size will they be by 2050 as that is a scary thought and who is going to stop this?

When does this not become a monopoly as their reach is everywhere which can influence so many decisions. Just look at Big Pharma with the covid vaccine and these companies are all over it like a bad rash.

They don't really care how the economy is doing as in many ways they are economy on their own and if one sector is struggling another one will benefit. Big Pharma boomed during lockdowns and the covid pandemic which would cover any shortfalls experienced elsewhere. They have a firm grip in the major logistical companies so when one industry suffers there is always winners in other sectors like the home delivery online shopping boom.

I have gone through the chart and they are in every single sector imaginable and this is no coincidence. Crypto has to pose a threat to them especially in the institutional world of finance a this would upset the applecart how they know it. Having millions of individuals owning millions of dollars in value in crypto may not be seen as a positive on their side of things.

In many ways these are the gate keepers who will not want to relinquish and control of their monopoly and will crush anything that is deemed a threat.

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