Discussion about this post

User's avatar
Eric M's avatar

Well said as usual, Michael.

I would suggest one copyedit if I may, that you change "the" to "as" here:

"...citing the fact that Covid has supposedly claimed over a million American lives".

That mortality statistic, constantly regurgitated by news media and individuals with zero context re historical all-cause mortality or comorbidities, is, as you know, one of the most irksome pretexts cited as justification for the multi-year collective pant-shitting episode.

Expand full comment
Laramie's avatar

What happens when the top five asset managers worldwide -- Fidelity, State Street, PNC, Blackrock, Vanguard -- control most of the Fortune 500 in the US? Eventually, they have to look for something else to conquer. What's the next biggest market? China.

So, what we're witnessing is these companies effectively linking up with the CCP to spread their power and influence worldwide. You don't undercut your business partners.

What did the response to the pandemic do? It destroyed many of the mom and pop businesses, effectively giving their market share to Target, Amazon, WalMart, fast food and casual dining franchises, Home Depot, etc. -- thus further enhancing the positions of the Fortune 500 companies these asset managers control.

If one wonders how Fidelity, Blackrock, Vanguard, etc., amassed so much power in just over 30 years, ask yourself this question: When was the last time you voted on a shareholder issue put to vote for a company owned by a mutual fund in your 401k? Never.

So, who does the voting? Blackrock, Fidelity, etc. They vote your shares. Who gave them control? We all did. And they're joined at the hip with China.

Expand full comment
26 more comments...

No posts