1 00:00:00,000 --> 00:00:05,020 How much involvement do you think BlackRock really has globally with CI and intelligence? 2 00:00:05,320 --> 00:00:09,800 I mean, some people would argue that BlackRock's too big to be involved in this. 3 00:00:09,840 --> 00:00:11,320 They're not maneuverable enough. 4 00:00:11,440 --> 00:00:12,160 They're not smaller. 5 00:00:12,360 --> 00:00:14,720 They're not like an Apollo Global, for example. 6 00:00:15,480 --> 00:00:16,120 Yeah, you know your shit. 7 00:00:17,680 --> 00:00:24,340 And I don't have the answer to this, but I think I've done more research than a lot of the people that are talking about BlackRock conspiracy theories, 8 00:00:24,420 --> 00:00:27,380 because BlackRock is like the low-hanging fruit of conspiracy theories. 9 00:00:27,380 --> 00:00:29,600 And that's why I blew up on TikTok in the first place. 10 00:00:29,600 --> 00:00:34,260 Because I was talking about this sort of basic shit before I really knew anything. 11 00:00:34,360 --> 00:00:37,740 And the more I learned about BlackRock, I realized that that does not really fly. 12 00:00:38,660 --> 00:00:43,000 If BlackRock is actually pulling strings behind the scenes, they're the best that's ever done it. 13 00:00:43,200 --> 00:00:44,260 They're the most secretive. 14 00:00:44,340 --> 00:00:45,680 They leave zero tracks. 15 00:00:46,700 --> 00:00:50,140 If they're doing that, fuck Larry, good job. 16 00:00:50,400 --> 00:00:51,400 But I don't think they are. 17 00:00:51,580 --> 00:00:58,900 But they do play a really, really foundationally important role that I think most people just aren't necessarily equipped to understand. 18 00:00:59,680 --> 00:01:08,360 In that, yeah, overthrowing governments and doing covert actions and all the spy shit is very important to run the world, if that's your goal or whatever. 19 00:01:08,360 --> 00:01:18,640 But you still have to have a handle on money and on how commerce works and how finance works and just the global like, because that's this sort of like beast of its own, right? 20 00:01:18,640 --> 00:01:21,720 But capitalism just kind of does its own thing on a global scale. 21 00:01:21,720 --> 00:01:25,820 And when you have all these trillions of dollars floating around, you might have the best plans in the world. 22 00:01:25,820 --> 00:01:39,180 But if capitalism is incentivized to promote this, like, I don't know, green energy agenda, just making shit up, then you are going to have to go with that title flow or subvert it. 23 00:01:39,180 --> 00:01:43,360 And BlackRock is, I mean, it's not just BlackRock. 24 00:01:43,460 --> 00:01:47,780 It's BlackRock and Vanguard and State Street, which is basically just owned by BlackRock more or less. 25 00:01:48,100 --> 00:01:53,260 They manage all of our sort of latent money that the regular people would hold that power. 26 00:01:53,260 --> 00:02:00,060 And most people then get stuck on the money side of it and they think, well, yeah, but Black and so they think, oh, BlackRock controls all this money. 27 00:02:00,140 --> 00:02:03,140 They control the world, but easily debunked because they don't. 28 00:02:03,220 --> 00:02:04,700 They manage that money for us. 29 00:02:04,740 --> 00:02:05,200 It's our money. 30 00:02:05,300 --> 00:02:09,220 They don't own the shares technically, like technically they're holding all these shares on our behalf. 31 00:02:09,340 --> 00:02:10,380 That's a fair debunk. 32 00:02:10,380 --> 00:02:18,340 But it leaves out the piece that it's not about the money because capitalism is inherently democratic in the sense that every share represents a vote of a company. 33 00:02:18,340 --> 00:02:32,160 Right. And so all these corporations like Procter and Gamble, that's like putting poison in our lotion, like Unilever, that's putting poison in our food, like Johnson and Johnson, that's putting literal asbestos in the baby powder and covering it up for 30 years. 34 00:02:32,160 --> 00:02:38,200 Like every big corporation in the world, well, in America, let's just keep it to the S&P 500, the stock market here. 35 00:02:38,860 --> 00:02:47,500 They are all majority owned by BlackRock, Vanguard and State Street to the point where all those shares represent the voting power and that voting power chooses who's in charge of those companies. 36 00:02:47,500 --> 00:03:05,900 And so when all in a real like capitalistic free market, we would all be represented in those companies because we would collectively through our retirement accounts, through just our regular holdings, through all of our money, which is trillions and trillions and trillions and trillions of dollars, that would be us sort of collectively having voting power to decide who runs these companies. 37 00:03:05,900 --> 00:03:11,900 And so when Johnson and Johnson gets caught with asbestos in the baby powder and covering it up for 30 years, we would have something to say about it. 38 00:03:12,020 --> 00:03:21,560 But it's written into all the contracts of all of the ETFs, exchange traded funds, mutual funds, index funds, all these things that BlackRock and Vanguard manage, that they manage the voting rights for the shares. 39 00:03:21,560 --> 00:03:28,060 And some people, if you actively submit forms, you can request to represent your own voting rights, but no one does. 40 00:03:28,760 --> 00:03:37,780 And so it's this weird scheme where what they have now done, and I don't know if it's on purpose and nefarious, but regardless, it's extremely useful if it's leveraged, 41 00:03:37,780 --> 00:03:49,740 is they have cut off our legs in terms of our representation in the entire stock market that would make all of those corporate executives beholden to us because they have a fiduciary duty. 42 00:03:49,740 --> 00:04:00,080 It's legally binding that all of the boards of directors of all these companies and thus their executives, the CEOs and stuff, they have a fiduciary duty to serve the shareholders in the shareholders' best interest. 43 00:04:00,080 --> 00:04:02,500 And in a theoretical world, that would be us. 44 00:04:02,600 --> 00:04:11,420 And so it is illegal for them to do, even if it makes more money for the shareholders, if they're poisoning us and we don't want them to do it, and we're all telling them we don't want them to do it, 45 00:04:12,240 --> 00:04:15,580 there's another layer of like, you're legally bound to do what's best for us. 46 00:04:15,740 --> 00:04:21,920 But now their fiduciary duty is to BlackRock and Vanguard and State Street, technically, because those guys are the actual shareholders. 47 00:04:22,620 --> 00:04:25,480 We are just the beneficial owners of an ETF share. 48 00:04:25,480 --> 00:04:31,660 And so that means that now all of that fiduciary duty is consolidated into one central spot. 49 00:04:31,960 --> 00:04:36,700 And every one of those guys know that they don't lose their job if we get mad. 50 00:04:36,840 --> 00:04:40,160 They lose their job if BlackRock or Vanguard or State Street get mad. 51 00:04:40,500 --> 00:04:46,520 And so suddenly they are all, all their interests are aligned to just please a few fund managers. 52 00:04:46,820 --> 00:04:54,620 And if you tank a company and absolutely obliterate its value, you sell it for parts, you extract all that wealth, give your buddies a bunch of paychecks, 53 00:04:54,620 --> 00:05:01,720 and destroy this, whatever company it is, like Toys R Us, who knows, you don't necessarily get punished for that. 54 00:05:01,720 --> 00:05:08,740 Because if that's what this sort of collective body, this money mind wanted to happen for any reason, 55 00:05:09,300 --> 00:05:12,540 you get rewarded with a bonus, with a new job. 56 00:05:12,540 --> 00:05:19,840 Because if, you know, if the guys representing all these shares that work at BlackRock, Vanguard, State Street, et cetera, and the banks along with it, 57 00:05:20,040 --> 00:05:26,000 if they're pleased with what you did, doesn't matter if it was in the company's best interest, because it was in the shareholder's best interest. 58 00:05:26,140 --> 00:05:26,500 Right. 59 00:05:26,500 --> 00:05:33,660 So you suddenly, though you sunk that company through apparent mismanagement, you wind up being the CEO of this next big company, 60 00:05:33,660 --> 00:05:35,400 and you get all these bonuses, right? 61 00:05:35,700 --> 00:05:44,760 And so it just, it inherently cuts the legs off of capitalism in a way that makes the free market not represented in the way that it's run anymore. 62 00:05:44,760 --> 00:05:49,900 And that's, I think, fundamental to why we wind up with all these psychopaths that are running all these companies, 63 00:05:49,900 --> 00:05:56,160 and are completely okay with doing things like putting poison in the food and not really caring if it poisons us, 64 00:05:56,220 --> 00:05:58,440 because it makes a lot of money for everyone that's in the club. 65 00:05:58,740 --> 00:06:01,160 It sort of creates the club, this corporate club. 66 00:06:01,300 --> 00:06:04,760 And it incentivizes them all to do what's best for the club, not for the consumer. 67 00:06:05,080 --> 00:06:08,260 And we don't really have any recourse other than getting loud on Twitter now, 68 00:06:08,320 --> 00:06:12,760 because our shares are all locked away into these funds. 69 00:06:12,760 --> 00:06:22,180 So it's not that they control the world, but they do control this really important capitalistic piece of the world 70 00:06:22,180 --> 00:06:29,040 that you would have to have some level of a lid on if you wanted to achieve big things. 71 00:06:29,260 --> 00:06:30,440 And it might not be nefarious. 72 00:06:30,480 --> 00:06:32,540 It might just be that, like, they all benefit from it. 73 00:06:32,760 --> 00:06:34,380 So it's just evolved to be that way. 74 00:06:34,900 --> 00:06:35,600 I don't know. 75 00:06:36,460 --> 00:06:40,100 But it's an interesting one, because there's, like, layers to, 76 00:06:40,940 --> 00:06:42,280 oh, it's the biggest conspiracy in the world? 77 00:06:42,280 --> 00:06:43,060 Eh, not really. 78 00:06:43,200 --> 00:06:46,420 Like, oh, but there's actually a layer where it's really nefarious and evil 79 00:06:46,420 --> 00:06:49,060 in ways that directly affect all of us. 80 00:06:49,160 --> 00:06:49,460 Yes. 81 00:06:49,620 --> 00:06:51,760 In a way that, like, the CIA overthrowing Guatemala 82 00:06:51,760 --> 00:06:54,300 doesn't necessarily affect you except for the price bananas. 83 00:06:54,940 --> 00:06:56,620 And I think that's why I blew up on TikTok, 84 00:06:56,840 --> 00:06:59,420 is because I started to unpack that and show how, like, 85 00:06:59,940 --> 00:07:03,160 because this dude is in charge of this company that makes all your shampoo, 86 00:07:04,160 --> 00:07:06,180 it's full of chemicals that are going to make your hair fall out. 87 00:07:06,180 --> 00:07:08,640 And if you buy from a family-owned business 88 00:07:08,640 --> 00:07:11,780 that's run by someone who, like, a woman who cares about your hair, 89 00:07:12,260 --> 00:07:15,140 that hair product is not full of chemicals that make your hair fall out. 90 00:07:15,200 --> 00:07:17,080 You should buy from her and support a real person. 91 00:07:17,520 --> 00:07:19,100 And, like, F Procter & Gamble, 92 00:07:19,340 --> 00:07:22,540 who's, like, being sued for literal hair loss in their shampoo products, 93 00:07:22,600 --> 00:07:23,840 and then right next door, 94 00:07:24,180 --> 00:07:27,060 there's a product from Procter & Gamble to fix hair loss. 95 00:07:27,060 --> 00:07:30,020 And so those are things that affect us in real life 96 00:07:30,020 --> 00:07:32,140 that we can actually do something about 97 00:07:32,140 --> 00:07:33,500 by just changing our buying habits 98 00:07:33,500 --> 00:07:36,060 and starting to support small businesses and family-owned businesses. 99 00:07:36,540 --> 00:07:38,860 And that's, like, a whole other side of my content 100 00:07:38,860 --> 00:07:41,440 that a lot of people don't see that I love 101 00:07:41,440 --> 00:07:43,440 because it's kind of more grounded. 102 00:07:44,140 --> 00:07:45,460 It's a little less, like, fun 103 00:07:45,460 --> 00:07:47,620 because it tends to be a lot of researching of just companies 104 00:07:47,620 --> 00:07:49,460 researching who owns things, 105 00:07:49,780 --> 00:07:51,260 but it's super useful.