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[Amiga]

BlackRock Inc. and Vanguard Group — already the world’s largest money managers — are less than a decade from managing a total of US$20 trillion, according to Bloomberg News calculations. Amassing that sum will likely upend the asset management industry, intensify their ownership of the largest U.S. companies and test the twin pillars of market efficiency and corporate governance.

With $20 trillion between them, Blackrock and Vanguard could own almost everything by 2028

Two towers of power are dominating the future of investing

financialpost.com

But people said China owns everything

 

[Ownage]

BlackRock Inc. and Vanguard Group — already the world’s largest money managers — are less than a decade from managing a total of US$20 trillion, according to Bloomberg News calculations. Amassing that sum will likely upend the asset management industry, intensify their ownership of the largest U.S. companies and test the twin pillars of market efficiency and corporate governance.

With $20 trillion between them, Blackrock and Vanguard could own almost everything by 2028

Two towers of power are dominating the future of investing

financialpost.com

But people said China owns everything

Different business models, same result.

 

[Quixz]

$20T of other people's money doesn't sound impressive to me.

 

[Amiga]

$20T of other people's money doesn't sound impressive to me.

Controlling 20T of anybody's money matters. You and me could own part of that money but the control and effects of the funds is in the hands of others.

 

[sol_bad]

Don't they just own certain stock for various companies? But not enough for a controlling interest in these various companies?

 

[Amiga]

Don't they just own certain stock for various companies? But not enough for a controlling interest in these various companies?

That could change in the next few years. Scenario explored in this story. they could have board members everywhere.

 

[Lionel Richie]

They can't own deez nuts.

 

[SentientStone]

Don't you guys see what is happening... totalitarianism with Tesla bots as the army.
All this CCP nonsense is just the cabal wanting you to holocaust my ass.
Epstein!

 

[AJUMP23]

They have some of my money. Vanguard has such low fees.

 

[Corgi1985]

Fuck yeah lets get this dystopia going.

 

[Ellery]

I bet in a few years that the term Plutocracy is being googled quite often.

 

[Chankoras]

Systemic risk is huge, this is another too big to fail kind of bullshit in the making.

 

[T8SC]

 

[Blade2.0]

You guys remember when we actually broke up giant corporations? Sorry but if you want a semblance of working capitalism it needs actual competition. This shit hasn't been competitive for a very long time.

 

[EverydayBeast]

Putins salary isn’t official btw wouldn’t be surprised if someone out there has more than a trillion in an unknown territory

 

[DragoonKain]

They’ll be known as Vanguard Bandits

 

[Clear]

Why do these companies always have the most sinister sounding names imaginable?

 

[Punished Miku]

Total Recall is inching ever closer to reality.

 

[Amiga]

Total Recall is inching ever closer to reality.

old sci-fi novels predicted wars between corporations in place of nations. thought that was dumb and unrealistic. now we are getting it all. corpo-states, Skynet, underwater cities and I'm not going to bet against talking apes.

 

[daveonezero]

You think the dollar will be worth anything In That time?

 

[Cyberpunkd]

Putins salary isn’t official btw wouldn’t be surprised if someone out there has more than a trillion in an unknown territory

He is most likely the richest man on the planet. I think Elizabeth II also has more than 100bln+ but she is obligated to allow the UK government to administer her land holdings (which they pay her for, that’s how the Crown is funded).

 

[RJMacready73]

He is most likely the richest man on the planet. I think Elizabeth II also has more than 100bln+ but she is obligated to allow the UK government to administer her land holdings (which they pay her for, that’s how the Crown is funded).

I don't think so, he's up there yes but i would imagine there are Arabs out there above him besides at that level wealth is well and truly hidden

 

[ricardo_sousa11]

We are on the verge of the biggest financial collapse ever.

 

[Lupingosei]

You will own nothing and you will love it

 

[Kev Kev]

doom and gloom, the world is ending, its all over, blah blah blah

lol you doomers and how you like to fetishize this kind of stuff, as if you love talking/thinking about it and want it to happen, is equal parts bizarre and hilarious.

were going to be fine, cool your tits and stop trying to scare the shit out of everyone

 

[AJUMP23]

I would tell you to get the Vanguard total stock market fund. That has great fee structure and good returns since I held it.

 

[Amiga]

doom and gloom, the world is ending, its all over, blah blah blah

lol you doomers and how you like to fetishize this kind of stuff, as if you love talking/thinking about it and want it to happen, is equal parts bizarre and hilarious.

were going to be fine, cool your tits and stop trying to scare the shit out of everyone

it's not about being scared it's about being prepared. world is changing, always has been. just wanna know what @$$ to kiss and who to suck up too. man, robot or ape. happy go lucky will only take you so far.

 

[synchronicity]

Things are balanced so precariously and very fragile. There will be a tipping point, and things will never (in our lifetimes) be the same again.

 

[RiccochetJ]

Vanguard is owned by it's funds which in turn are owned by shareholders. So if you have a Vanguard Total Market Index Fund or anything Vanguard Fund, you own part of Vanguard however infinitesimally small. They got this big because people are choosing to buy Vanguard funds. In the 1970's they were considered to be a joke and index funds were a fad that would never take off. Instead they destroyed the competition.

Also I was wondering why I was seeing a Jack Bogle quote in the article when he's been dead for 3 years now. The article OP posted is from 2017 but it still holds true. Vanguard still manages a lot of people's money.

Also I'm not sure where they are considered to be too big to fail. If they crash, that means that the stock market crashed and anywhere else you held your money would be in the toilet too be it Fidelity, Shwab, etc. They are literally just a vehicle for you to invest in the markets and provide mutual/index funds either actively or passively managed.

 

[ipukespiders]

I own Blackrock ETFs, so this is good for me.

 

[Redneckerz]

Did that piece from December 2017 take all the things into account that happened since?

 

[Oddvintagechap]

They can't own deez nuts.

Oh yes they can.

 

[EviLore]

Oh noes. Better get yer bunker prepped for when Vanguard declares itself Supreme Imperator of Low-Cost Index Funds.

 

[Lionel Richie]

Oh yes they can.

Oh they fucking can't. As a free man I'll live forever or die by suicide.

 

[Lupingosei]

Blackrock buys large amounts of houses so a lot of people can not afford them anymore.

Investment Firms Aren’t Buying All the Houses. But They Are Buying the Most Important Ones.

Invitation Homes bought 90 percent of the homes for sale in some ZIP codes in Atlanta in the early 2010s.

slate.com

The housing market is on fire. The Fed keeps adding gasoline | CNN Business

Bidding wars. All-cash offers. Homes selling for $1 million over asking. The housing boom has officially reached the ridiculous stage.

edition.cnn.com

Big investment companies are buying houses at high prices and renting them out, squeezing would-be homeowners | Blaze Media

Rising housing prices across the nation are putting first-time homebuyers in a bind. While record-low interest rates make mortgage financing incredibly easy, few people can actually afford to take advantage of these loans because prices for houses are too high. Part of the problem has to do with...

www.theblaze.com

Institutional investors are stiff competition for homebuyers

Overall, investors make up about 20% of U.S. housing sales.

www.marketplace.org

When Wall Street Is Your Landlord

With help from the federal government, institutional investors became major players in the rental market. They promised to return profits to their investors and convenience to their tenants. Investors are happy. Tenants are not.

www.theatlantic.com

It does affect you already. And they have their people in several important positions.

https://www.washingtonpost.com/business/2021/01/02/blackrock-biden/

So I would not downplay this, it will affect you in one way or the other.

Edit: All articles by mainstream media, just to illustrate even they know what is going on.

 

[West Texas CEO]

They’ll be known as Vanguard Bandits

 

[Amiga]

Blackrock buys large amounts of houses so a lot of people can not afford them anymore.

[

 

[Corgi1985]

You think the dollar will be worth anything In That time?

Only dogecoin can buy happiness. Maybe solana

 

[EviLore]

Blackrock buys large amounts of houses so a lot of people can not afford them anymore.

Blackrock is buying every single family house they can find, paying 20-50% above asking price and outbidding normal home buyers.

So I would not downplay this, it will affect you in one way or the other.

Oh yes, "Investment Watch." Sounds official, except that it's some fringe conspiracy theory blog about the Great Reset.

BlackRock isn't buying homes in anywhere near sufficient volume to be the cause of the spikes in sale price and cash bids et al.

Prices are high because interest rates are at a historic low and construction output is down.

 

[Lupingosei]

And just something else, why this should concern you.

Council Post: Why Money Managers Are Moving Into Farmland

While agriculture/farmland-focused funds have grown assets under management over the past decade, the industry is still under-professionalized.

www.forbes.com

Here's why the ultra-wealthy like Bill Gates and Thomas Peterffy are investing in U.S. farmland

An estimated 30% of all farmland is owned by landlords who don’t farm themselves, according to U.S. Department of Agriculture.

www.cnbc.com

https://grain.org/en/article/6533-barbarians-at-the-barn-private-equity-sinks-its-teeth-into-agriculture

 

[RiccochetJ]

Blackrock buys large amounts of houses so a lot of people can not afford them anymore.

Blackrock is buying every single family house they can find, paying 20-50% above asking price and outbidding normal home buyers.

The housing market is on fire. The Fed keeps adding gasoline | CNN Business

Bidding wars. All-cash offers. Homes selling for $1 million over asking. The housing boom has officially reached the ridiculous stage.

edition.cnn.com

Big investment companies are buying houses at high prices and renting them out, squeezing would-be homeowners | Blaze Media

Rising housing prices across the nation are putting first-time homebuyers in a bind. While record-low interest rates make mortgage financing incredibly easy, few people can actually afford to take advantage of these loans because prices for houses are too high. Part of the problem has to do with...

www.theblaze.com

Institutional investors are stiff competition for homebuyers

Overall, investors make up about 20% of U.S. housing sales.

www.marketplace.org

When Wall Street Is Your Landlord

With help from the federal government, institutional investors became major players in the rental market. They promised to return profits to their investors and convenience to their tenants. Investors are happy. Tenants are not.

www.theatlantic.com

It does affect you already. And they have their people in several important positions.

https://www.washingtonpost.com/business/2021/01/02/blackrock-biden/

So I would not downplay this, it will affect you in one way or the other.

I believe Graham Stephan went through each one of the links you posted and pretty much debunked every one.

 

[Lupingosei]

Oh yes, "Investment Watch." Sounds official, except that it's some fringe conspiracy theory blog about the Great Reset.

I removed that one exactly because people would find this as an excuse.

Investment Firms Aren’t Buying All the Houses. But They Are Buying the Most Important Ones.

Invitation Homes bought 90 percent of the homes for sale in some ZIP codes in Atlanta in the early 2010s.

slate.com

It’s not exactly accurate that investors are “buying every single-family house they can find,” as some have suggested. If that were true, their market share in the United States wouldn’t be a piddling 15 percent. They’re really buying up the stock of relatively inexpensive single-family homes built since the 1970s in growing metro areas. They mostly ignore bigger and more expensive houses, especially ones that are move-in ready: Wealthy boomers and the nation’s finance and tech bros nab those properties. And they’re also ignoring cities with stable or shrinking populations, like Providence and Pittsburgh.

But investors are depleting the inventory of the precise houses that might otherwise be obtainable for younger, working- and middle-class households, in the cities where those workers can easily find good-paying jobs, like Atlanta (22 percent of home purchases according to Redfin data), Charlotte (22 percent), and Phoenix (20 percent). More importantly, they’re able to scour those markets scientifically and systematically to make cash offers on the most attractively priced properties. While normal people buy houses when they actually need to move somewhere, (savvy) investors buy houses several years before a bunch of people need to move to an area. Whether they’re tracking where major employers are building new offices or looking at public school enrollment data, being ahead of the market gives big firms a big leg up.

 

[EviLore]

Yes, there are many investors buying properties. This has nothing to do with your BlackRock boogeyman.

 

[Lupingosei]

I believe Graham Stephan went through each one of the links you posted and pretty much debunked every one.

Strange that slate, theblaze, cnn, and a lot of other media bring up the same point and one guy on youtube can debunk them all.

 

[Lupingosei]

Yes, there are many investors buying properties. This has nothing to do with your BlackRock boogeyman.

It does because they take away the opportunity to own houses for the middle class, especially in urban eras. Wallstreet has to reach out to farmland and housing else they could never keep the system working.

Companies like Blackrock are leviathans that only work as long as they keep eating. Housing and farmland were just the next steps, healthcare is already the next big target for them.

With the next move for stocks unclear, some Wall Street pros are betting on health care. Here's why

Health care, a traditionally defensive sector, appears cheap and could offer strong growth this year, according to some strategists and portfolio managers.

www.cnbc.com

Wall Street Is Taking Over Health Care, And The Results Are Not Good

There is a disturbing trend going on in health care – and it’s one that few consumers are aware of. Billion-dollar financial giants, or “private equity” investment firms, are buying...

www.affordablecarenc.com

Amazon is also already getting ready to get into the healthcare business. And because there will be no privacy anymore you will really own nothing.

 

[RiccochetJ]

Strange that slate, theblaze, cnn, and a lot of other media bring up the same point and one guy on youtube can debunk them all.

This guy definitely can compared to the professional outrage outlets you just mentioned with a straight face.

 

[Lupingosei]

This guy definitely can compared to the professional outrage outlets you just mentioned with a straight face.

Those sources are about as mainstream and half of it left or hard left-leaning as it gets. Slate is liberal progressive according to wikipedia.

I exactly removed the one article for this reason, because I knew this would be coming.

And alone his claim, that the houses they were buying no one else would have bought was debunked by the slate article. They bought those houses people wanted because of the pandemic and sold those in shrinking cities.

Investor Home Purchases Rise for First Time in a Year as U.S. Economy Bounces Back

Single-family homes and high-priced properties, in particular, are becoming increasingly popular among investors as Americans prioritize space and privacy.

www.redfin.com

Investor purchases of single-family homes rose 4.8% year over year in the first quarter, outpacing growth in every other property type. By comparison, investor purchases rose just 0.9% for condos, and fell a respective 3.6% and 11.6% for townhomes and multifamily properties.

This is likely because Americans have been prioritizing space and privacy during the pandemic, turning single-family homes into a hotter commodity than crowded apartment buildings in the city.

 

[Deleted member 1159]

doom and gloom, the world is ending, its all over, blah blah blah

lol you doomers and how you like to fetishize this kind of stuff, as if you love talking/thinking about it and want it to happen, is equal parts bizarre and hilarious.

were going to be fine, cool your tits and stop trying to scare the shit out of everyone

This guy’s alright

 

[RiccochetJ]

Those sources are about as mainstream and half of it left or hard left-leaning as it gets. Slate is liberal progressive according to wikipedia.

I exactly removed the one article for this reason, because I knew this would be coming.

And alone his claim, that the houses they were buying no one else would have bought was debunked by the slate article.

Being mainstream does not mean that they are incapable of publishing or reporting on something that is completely overblown. And of course being mainstream means you would never have an agenda. For example the liberal progressive Slate that you mentioned, here's the ending paragraph:

If you don’t want all of America’s land and housing to end up in the portfolios of the 1 percent, there’s ultimately one very simple solution: Tax the rich. After all, the companies buying the houses are ultimately owned by people (or in some cases, universities and churches, which are their own cans of tax-advantaged rich-people worms). At the same time that the working-class is going hungry, rich people are doing so outstandingly well that they are running out of easy places to park their cash, which is why they’re buying 2,000 square-foot houses in the Phoenix suburbs via their ownership stakes in these funds.

The Blackrock purchase was completely overblown by the way. The land was bought years ago and then developed explicitly to be rental properties. Once they had completed building and had 100% lease rate, then they basically flipped their investment to the highest bidder which was Blackrock. None of these houses were ever going to be for sale to individual buyers.

But if that's not enough, here's something from the Atlantic also debunking the freakout from the mainstream media:

BlackRock Is Not Ruining the U.S. Housing Market

The real villain isn’t a faceless Wall Street Goliath; it’s your neighbors and local governments stopping the construction of new units.

www.theatlantic.com

Secifically

The U.S. has roughly 140 million housing units, a broad category that includes mansions, tiny townhouses, and apartments of all sizes. Of those 140 million units, about 80 million are stand-alone single-family homes. Of those 80 million, about 15 million are rental properties. Of those 15 million single-family rentals, institutional investors own about 300,000; most of the rest are owned by individual landlords. Of that 300,000, BlackRock—largely through its investment in the real-estate rental company Invitation Homes—owns about 80,000. (To clear up a common confusion: The investment firm Blackstone established Invitation Homes, in which BlackRock, a separate investment firm, is now an investor. Don’t yell at me; I didn’t name them.)

 

[Lupingosei]

But if that's not enough, here's something from the Atlantic also debunking the freakout from the mainstream media:

The Atlantic article is not debunking anything, especially if the numbers show, what is bought and what is not bought.

And again not to bring up any conspiracy theories, but you did know that the CEO of General Atlantic, the vox stakeholder, the article which the Atlantic quotes, is a member of the board of Blackrock? What a beautiful little world.

The funniest thing, this seems to be a topic where people on both sides of the political spectrum seem to agree. So it is not even political or partisan.