By Lee Camp (Also check out the video version of this column.)
By the end of this column you’ll know who controls the world… whether you like it or not.
Where the money flows in this world decides the direction of humanity (at least for now). So the people with the most money truly control much of the world. And I don’t just mean billionaires. There are entities with way more money than Donald Trump or Elon Musk, and they truly have the steering wheel… or the rudder, depending on what form of locomotion you’re most familiar with. Or if you’re “doing the Locomotion” then I guess it would be your hips. So these parasites have the hips. (That’s an uncomfortable image on Jamie Dimon.)
The answer as to who controls most of the world is the top asset management firms—AKA “shadow banks.” And they have unimaginable wealth.
The top 5 asset management firms are:
BlackRock: $11.6 Trillion! (!!!)
Vanguard: $9.3 Trillion
UBS: $5.7 Trillion
Fidelity: $4.9 Trillion
State Street: $4.7 Trillion
And my cousin Nathan: $250
(He’s just getting started. Probably shouldn’t be on the list but I owed him ‘cause he scored me some molly so I could get through my kid’s parent-teacher conference.)
Try to imagine how much money a trillion dollars is. If you spent $100,000 a year, in order to spend $1 trillion, you’d have to keep doing that for 10 million years! If you spent $100,000 a day—So you’re either Kim Kardashian or a lunatic—in order to spend $1 trillion, it would take you over 27,000 years! (Which is older than Larry Ellison’s original head before he got the prosthetic one.)
The people who run these funds are the true dominant rulers of much of the world, and they’re talked about in the media less than a Native American protesting the petrodollar. So while these shadow banks sit on trillions, what about everyone else? One in three people on our planet suffer malnutrition. As the Guardian reported, “Each year, poor nutrition kills 3.1 million children under the age of five.”
Three Million kids killed by this greed…