We should be concerned. Respect other views and opinions, and keep an open mind. Coronavirus It isnt baking a cherry pie, it is stealing a cherry pie that someone else made, and that someone else needs to eat more than you do. Section 107, this material is distributed without profit to those who have an interest in using the included information for research and educational purposes. Here, we find the same Russian nesting doll setup. Trying to find a clearer one. You wont be surprised by what I found first: his grandfather was an Orthodox Jewish immigrant who was one of the founders of the New York Stock Exchange. These companies are publicly traded and are run by boards, where the largest shareholders have power over the decision making. What Could We Expect From A Biden Presidency? Their holdings are colossal. Theres every reason to think it will continue to increase. But there is no simple answer to this question, and certainly these sorts of considerations wouldnt be a decisive defense to litigation. Searching on the foundations of the NYSE, I tripped over the fact that it had been sold in 2012 to ICE. In the end, owning land is the only thing that's gonna matter, and these people know this. The proliferation of exchange-traded funds is also supercharging these firms and will likely continue to do so. I cant tell you exactly how. BlackRock actually lends money to the central bank, the federal reserve, and is their principal adviser. Oh yeah, Trump was sworn in as our newest fake President. All ownership is meaningless. My point is best seen by looking at Hollywood stars, most of whom start out very beautiful. ** I cant seem to find this specific one anymore. Smile for The Camera Greta, Make it Look Good. 16M views. The same ownership trend exists in all other industries. 4,222 views Jul 12, 2021 171 Dislike Share Save VID TRUTH 87 subscribers Follow the money. It would be good to see somebody do a rigorous analysis of this based on comparative work, looking at how this looks in other countries. They didnt create the land or own it, so how could they sell it? In the United States, the antitrust laws have been interpreted in a more relaxed way than they have been in the distant past, with the result that industries have become more concentrated than they used to be. What would rules look like that might address this problem? Because I am a law professor, I could provide some of the legal background and analysis to our paper. Could you give us a summary of how antitrust law applies here? A recent paper he cowrote, in which he proposes limiting the companies an index fund can own in one industry, caught our attention, and we wanted to learn more. But they are still heavily invested in Cheniere, Gates, Hilton, and La Quinta. This is a forum for free thinking, not hate speech. The power of these two companies is beyond your imagination. I mean that even if the gods arent watching or keeping score, you are still ahead of him. I think they are giving money to researchers to write stuff that they hope will support their view. Ownership is an empty term, coined by empty people. Gun Control Maintaining independence and editorial freedom is essential to our mission of empowering investor success. The power of these two companies is something we can barely imagine, Gielen says. The greater part of it doesnt cost anything, since it consists of doing the right thingwhich is free. went to Washington DC, 10 million strong, and peacefully protested our own corrupt parties who hate us and demanded 4 year Term Limits for Congress, Ban All Lobbying from anyone including corporations, NGOs, or . I know who BlackRock is. The argument goes like this: The number of indexes now outstrips U.S. stocks, with the eruption of passive funds driving demand for securities within these benchmarks, rather than for the broader universe of stocks and bonds. Since the mid-1970s, two corporations Vanguard and Blackrock have gobbled up most companies in the world, effectively destroying the competitive market on which America's strength has rested, leaving only false appearances behind. Rachel Evans, Sabrina Willmer, Nick Baker and Brandon Kochkodin, tap here to see other videos from our team. Another reason this stuff doesnt get me down is because despite the fact that these people (think they) own the whole world and always have, it doesnt seem to be doing them any good. 2017. As for the new U.S. administrationto be fair, they are just still transitioning, but Id be skeptical that this would be a priority for them. But there are a lot of financial companies Ive never heard of and that maybe Id be nervous about giving them my money. You certainly can, and a lot of people do. The FAA has very quietly tacitly admitted that the EKGs of pilots are no longer normal. Which means they have an indirect "control" of these companies. 56, No. Our conversation has been edited for clarity and length. Live from New York and Hong Kong, bringing you the essential stories from the close of the U.S. markets to the open of trading across Asia. It is the wealthy selling themselves, as usual. A Proposal to Limit the Anti-Competitive Power of Institutional Investors, Antitrust Law Journal, forthcoming. DID BLACKROCK/VANGUARD BUY THE ENTIRE WORLD? I wont name any names, because I dont need to. They took it. Now the financial coup detat is being consolidated, where the central bankers just serve jurisdiction over the treasury and the tax money. What about the reaction among the fund industry? Given that theyve grown so big because their fees are so small, these are the kinds of monopolies that dont keep me up at night, said Thaler. You have to sleep a lot, drink a lot of water, eat good food, refrain from smoking and drinking, and all that. If you don't see it, please check your junk folder. Still have the BBC and NHS here as the last vestiges public ownership and yet some people still want to see them destroyed. Glen had read papers by Jos Azar and others that found a strong correlation between common ownership by institutional investors and prices that the firms that they own charge customers.1 Glen was immediately struck by how powerful this work was and asked me to write a paper with him.2 Fiona Scott Morton joined us as well. In fact, in our culture you have to be untaught basic morality. No, they are worthy of esteem because they created it. Somebody has to fire the CEOs, control the CEOs in some way. Two, the Native American quote, to the effect that you cant sell the Earth. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. Posner: We started working on this paper before the presidential election. There are, for example, very high airline ticket prices relative to what you would have otherwise. Posner: Im very much in favor of antitrust litigation. Organic Consumers Association is a 501(c)(3) nonprofit. Its closer than you think. One of the differences between this and some of the big well-known antitrust cases in the past, where the beneficiaries of the anticompetitive behavior were the shareholders of one or a handful of companies, is that here the beneficiaries are the millions of individual investors who have truly benefited from the reduction in cost brought about by index funds. For example, Facebook owns Whatsapp and Instagram. Together, they form an immense network comparable to a pyramid. I point it out, but most people dont see it. In accordance with Title 17 U.S.C. In regard to movie stars and other celebrities: because they started out very beautiful, the loss of the shine is easier to spot, even for those who dont have an eye for it. The same goes for the agricultural industry that the global food industry depends on, and any other major industry. **The conspiracy subreddit is a thinking ground. Life Skills What is ICE? I dont think thats a great thing. Its also the biggest developer of Android, the main competitor to Apple. It is how the gods know exactly how shallow you are. Until recently, it appeared economic competition had been driving the rise and fall of small and large companies across the U.S. We fly with one of the many airlines [American Airlines, Air France, KLM, United Airlines, Delta and Transavia] of which the majority of the shares are often owned by the same investors . Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. I wouldnt trade places with them for anything. Together, these parent companies monopolize the packaged food industry, as virtually every food brand available belongs to one of them. We may assume the Rockefellers and Rothschilds and the other usual suspects are being hidden, and maybe some others we dont even know about (like Stanleysor Spencer-Churchills). Now, its easy to poke holes in this solution because by design its simple. Speaking of the central bankers, I recently interviewed finance guru Catherine Austin Fitts, and she believes its the central bankers that are at the heart of the global takeover were currently seeing. Nature While bigger may be better for the fund giants, passive funds may be blurring the inherent value of securities, implied in a companys earnings or cash flow. Those investors in turn are owned by even larger investment firms, like Goldman Sachs and Wellington Market, which are owned by larger firms yet, such as Berkshire Hathaway and State Street. Did you do that or was it automatic from a keyword or something? Both firms were among the first to join the Investor Stewardship Group, a group of institutional asset managers seeking to foster better corporate governance, according to the organizations website. Survival Verify your identity, personalize the content you receive, or create and administer your account. There are some deep questions that the debate about institutional investors doesnt really get to the heart of. As such, they receive both criticism and praise. 4 Campbell, J.Y., Lettau, M., Malkiel, B.G., & Xu, Y. You could make the argument that the Justice Department could just focus on the underlying firms rather than the institutional investors and maybe that would be sufficient if the concentrated markets were broken up. So, there is a good argument that this trend has contributed to inequality. They will cede ownership of the Earth back to the Earth and get on with life as it was intended to be lived. Another thing this tells us is that all those beauty sites telling you how to age gracefully also have it mostly wrong. Such a claim is just too broad and vague. You cant sell your soul for the same reason you cant sell the Earth: it doesnt belong to you. Workers are probably losing, wealthy people are doing very well, middle-class people are somewhere in the middle. Looking at the ownership stakes of Vanguard and BlackRock today, its already approaching 6% to 7% of each company. We look for a hotel or an apartment through Bookings.com or AirBnB.com. Another copy can be found on mega.nz.1The Automatic Earth2andZeroHedge3have also published the letter in full. After 40 centuries of failing at the game of life, they may finally learn the basic lesson. This is related to yet another point. Heres a sampling: You can continue going through the list of tech brands companies that build computers, smart phones, electronics and household appliances and youll repeatedly find Vanguard, Blackrock, Berkshire Hathaway and State Street Corporation among the top shareholders. Alphabet owns Google and all Google-related businesses, including YouTube and Gmail. Posner: Yes. But the worry is, its going to create a huge mess because litigation is unpredictable and the sort of remedies that courts make are specific to the particular dispute. But they also understood that the immense size of these companies posed a threat to market competition. But since Obama had been President before that, and since he was already Goldman Sachs lawnboy, what does that make Trump? You had all these owners who didnt exert any influence over the corporation or the other shareholders. They also own the big department stores and the online marketplaces like eBay, Amazon and AliExpress. Live market coverage co-anchored from Hong Kong and New York. Even owning a house or a car doesnt mean anything to me, so why would I want to own the world? To learn more about Morningstar magazine, please visit our corporate website. Find out about Morningstars Which is why I could be charmed by that one scene and ignore the rest. Then, it wouldnt matter if BlackRock owned half a company. Now, the defense would hire their own experts who would have access to the same data, and they would do their own analysis of that data. Terms of Service apply. I cant point to a clear mechanism. NEW YORK, January 13, 2023--BlackRock, Inc. (NYSE: BLK) today released its financial results for the fourth quarter of 2022. The effect isnt subtle. There are only three other asset managersFidelity, Vanguard and State Streetthat even come close to competing with BlackRock in size and heft. They control just enough to be a major investor and to have influence with the board. They only care who created it. It also reviews the dangers of the COVID shots, noting that the virus and the vaccines were made by the same entities. Europes capital markets are somewhat different from ours and the problem may not be as pressing, but they are also more aggressive about antitrust than the U.S. government is. But it is even worse, since the one who steals it doesnt gain from it. Of course, that will remain illegal. Now you know why Apple and Microsoft have never really competed with one another. If you dont see what I mean, apply the same logic to the gods. Can you give us any hint as to what research directions you might be going there? Benchmarks are governed by rules or a methodology for selection and some require that a security has a certain size or liquidity for inclusion. Your soul shines through your face. Drugs One of the most amazing things about this scheme is that the institutional investors and there are many more than the primary four weve focused on here also own each other. And it usually doesnt happen at 50 or 60, it happens before 40, sometimes before 30, which is all the more shocking. I suspect the others have the same type of systems. Without perhaps intending to, it actually confirms my sermon. Communism No. Growing Issue Our view, given the trends in the industry toward passive and scale advantages of the likes of Vanguard and BlackRock, is that this will only become more of an issue over time, making it more likely that policymakers will get involved. Since the mid-1970s, two corporations Vanguard and Blackrock have gobbled up most companies in the world, effectively destroying the competitive market on which America's strength has rested, leaving only false appearances behind. You and I dont have the physical power to stop them, since they own everything, including the military. Again, we see the same [institutional shareholders]. In all, four parent companies produce the software used by virtually all computers, tablets and smartphones in the world. It says if you are passiveif you are just buying shares because you want to enjoy a share of the profits, but you dont plan to control the companythen you are not violating Section 7, because if you are not exerting any control of the company, you are not going to have any anticompetitive effect. They might have a stronger incentive to do that. Pepsi Co. owns a long list of food, beverage and snack brands, as does Coca-Cola, Nestle, General Mills, Kelloggs, Unilever, Mars, Kraft Heinz, Mondelez, Danone and Associated British Foods. They are obviously not happy about this work, but they seem willing to engage. The capital markets adjust to work around the constraints created by the government. Comments may take up to an hour for moderation before appearing on the site. Dozens of BlackRock employees have held senior positions in the White House under the Bush, Obama and Biden administrations. But if its an institutional investor that already has a large stake in rival companies within a concentrated market and it increases those stakes, and if one can show empirically that the effect of those purchases is to reduce competition among the underlying firms, then youve met that standard. To give you another example: in the history of a great painting, say a Van Gogh, nobody cares who owned or owns it. The firms are among the biggest holders of some of the worlds largest companies across a range of industries including Google parent Alphabet Inc.and Facebook Inc. in technology, and lenders like Wells Fargo & Co. Gielen offers yet another example to prove this statement is not an exaggeration: Lets say we want to plan a vacation. In virtually every major company, you find these names among the top 10 institutional investors. Personally, I dont. Economists are increasingly arguing that market concentration has affected wages. One problem is that people would have to search out and find the small [asset managers]the 1% companiesif they want to be fully diversified. BlackRock, for example, has written about this. RIP You already know why. This is a very broad rule. Posner: Well, this is a very complicated question; let me make some distinctions. As of 2022, Vanguard has more than $8 trillion in assets under management (AUM), second only to BlackRock, . They control just enough to be a major investor and to have influence with the board. Some of them do all that and still look like garbage by 40, and it is because they neglect their souls. Is that still your opinion? So, were approaching this from a different direction. Now, there are exceptions and defenses, which I will get to in a moment. There are some papers that have been written that I just dont think are nearly as strong as the papers on our side. So, they would write their own report, and this other report would most likely say, No, nothing is happening; there is no problem. And its just up to the court to figure out who is right. Elections Same Small Group Owns Everything Else Too. And what that means is that whenever you see. In 2018, it was reported that the worlds richest people get 82% of all the money earned around the world in 2017. DID BLACKROCK/VANGUARD BUY THE ENTIRE WORLD? Two towers of power are dominating the future of investing. That is why they are chosen. Posner: Under Section 7 of the Clayton Act,3 its illegal for investors to buy shares of companies if the effect of the purchases would be anticompetitive. We are told that Blackrock is owned by shareholders, and that Fink, the top shareholder, only owns about 1%. But these Hollywood stars are also the most likely to lose the shine, for the same reason: they are from these families who exist on lies, stealing, and other wickedness. Blackrock is the top investor, and Vanguard and State Street are right behind. BlackRock Inc.andVanguard Group already the worlds largestmoney managers are less than a decade from managing a total of $20 trillion, according to Bloomberg News calculations. You cant moisturize photons. Children and other innocents like Graham skate through in the eyes of the gods. No, the only reason anyone cares about the Sistine Chapel is that it houses great paintings, and the artists who created them get all historical credit, the owners none. But at the moment, Im not worried about this. The worry would be that the institutional investors might collude with each other and cause their underlying firms not to compete. Because ownership of the world is pretty much meaningless, when you get right down to it. What weve seen is a tremendous effort to bankrupt the population and the governments so that its much easier for the central bankers to take control. In fact, almost all of them age very poorly, so you only have to look at the handful who dont. There are different theories about this. I know some will say, Oh, you are an artist, a man, and a throwback, so you think you can judge people by how they look. These people didnt create the Earth so by what right should they own it? Press question mark to learn the rest of the keyboard shortcuts. Policymakers Take Notice Since youve started writing on the topic, whats been the level of interest among policymakers? They are fund manager are they not? FDA Grants Full Approval of Modernas Spikevax COVID Vaccine Another Bait-and-Switch?, GOLD, INFLATION & CONFISCATIONQ&A with LYNETTE ZANG & ERIC GRIFFIN, Funny story: the Chinese want NOTHING to do with mRNA Covid vaccines. I assume the correct verb is took. The company's earnings release and supplemental materials are . Our initial view was that the cost would be low because the amount of diversification an ordinary person gets by owning all the companies within one industry as opposed to companies across industries is very small, because the stock prices of companies within an industry tend to be highly correlated. You can have a controlling share at this level, if you own the most share blocks.. You DOn't have to own 51%, just own more blocks then everyone else. The white men wanted to buy land from the Natives, but the Natives couldnt make sense of the basic idea. FBI As shown in the film, three of the top four institutional shareholders of Coca-Cola are identical with that of Pepsi: Vanguard, Blackrock and State Street Corporation. Blackrock/Vanguard didnt just buy the entire world. Have a question? For decades people have understood that even the old model of corporation, where they were owned by dispersed shareholders, was paradoxical. Vanguard is poised to parlay its $4.7 trillion of assets into more than $10 trillion by 2023, while BlackRock may hit that mark two years later, up from almost $6 trillion today, according to. by Miles Mathis I got into this one in, Published in Financial News, US News, World News and World Politics, Biden Overnight on Wall Street is daytime in Asia. BlackRock has called Azars research vague and implausible while other academics have questioned his methodology. As they used to say, your first face you are born with; your second face you have to earn. When institutional investors started buying up large chunks of these firms, people were writing how this could be a good thing, because now youd have shareholders who are large enough that it would be worth their while to exert control over these corporations. Blackrock and Vanguard own just about everything. Moreover, BlackRock functions in an intensely oligopolistic environment. Pursuing and gathering riches is even worse than a waste of time, since it doesnt just score zero on the relevance scale, it scores negative. They have investment holdings in Google, YouTube, Facebook . I dont see any reason in theory to think that it would be worse, but we wouldnt know for sure until we entered that world. Since the mid-1970s, two corporations Vanguard and Blackrock have gobbled up most companies in the world, effectively destroying the competitive market on which America's strength has rested, leaving only false appearances behind. You can look with pride on your cherry pie, while his millions or billions only give him ulcers. Global ETF assets could explode to US$25 trillion by 2025, according to estimates by Jim Ross, chairman of State Streets global ETF business. Blackrock is the top investor, and Vanguard and State Street are right behind. So yes, I can see issues coming up. Since the mid-1970s, two corporations Vanguard and Blackrock have gobbled up most companies in the world, effectively destroying the competitive market on which Americas strength has rested, leaving only false appearances behind. She is doing simulations involving different portfolios to see how much you losehow costly it is for people to lose this additional amount of diversification. Blackrock owns 53 billion of Apple, 45 billion of Microsoft, 40 billion of Google, 36 billion of Amazon, 24 billion of Facebook, 25 billion of JPMorganChase, 23 billion of Johnson & Johnson, 20 billion each of ExxonMobil, Berkshire Hathaway, and Bank of America, and so on, for a total of about 2.1 trillion. Thats the idea. I can only access it with the direct link. A welcome email is on its way. Just because you cant really sell your soul to the devil doesnt mean you cant be led down a horribly bad path, by a bad person and by your own bad choices. The smaller investors are owned by larger investors. Thats the big problem, which is not solved by limiting the voice of the institutional investors. The people that we think we are voting for are already owned by these 2 companies. Take Big Tech, for example. I was researching famous 19th century author Bret Harte, who wrote about cowboys. I got into this one in a weird way, as usual. China Who, then, owns them? Its only a problem when the underlying markets are concentrated. In the same way, you couldnt possibly learn moralsright and wrong if you didnt already have a fundamental understanding of morality from the beginning. Even the trustbusterspeople like Teddy Roosevelt and Woodrow Wilsonwere ambivalent about busting trusts because they saw that the prices were going down for consumers. Rule 2 does apply throughout the rest of this thread. The reopening is effective Thursday, spokesman Freddy Martino said in an email. And if the CEOs think that the institutional investors will support them, even weakly, and if these institutional investors have large stakes in rival firms, then the worry is that theyre not going to compete as vigorously. Citizen Reporting And people worried about that then, and part of the solution was to give managers stock options, but that created all kinds of problems as well. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. . Posner: There are a lot of answers to your question. Many belong to royal bloodlines and are the founders of our central banking system, the United Nations and just about every industry on the planet. The visible top of this pyramid shows only two companies whose names we have often seenThey are Vanguard and BlackRock. As I have said before, for the most part you dont have to be taught right from wrong. To support our work, please send a tax-deductible donation to: OCA, 6771 South Silver Hill Dr., Finland, MN 55603, Petition for Scientists, Lawyers, and Policy Experts, Meaningful Budget Required To Save Endangered Species, Shocking Foia Documents: COVID Pandemic Was a Secret DOD Operation Dating Back to Obama Administration. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. Faith & Religion News Another point is that many people dont own stock. The bank found that, for the average stock in the S&P 500, 77 per cent might trade on fundamentals, versus more than 90 per cent a decade ago. They will tell me it is purposely seductive, what with Elizabeth Hurley playing the devil and coming across as likeable. A lot would depend on what they [firms like Vanguard and BlackRock] did. BLACKROCK & VANGUARD These institutional investors are mainly investment firms banks and insurance companies. Among his research interests is the question of the increasing concentration of ownership in corporate America, including the role of institutional investors. They are owned by the same people, so competition would be illogical. These four media conglomerates own and control more than 90 percent of the United States media landscape, which explains why their collective coverage of world events all centers around the same propaganda. 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Already owned by these 2 companies, Sabrina Willmer, Nick Baker and Brandon Kochkodin, tap to! Couldnt make sense of the basic lesson immense network comparable to a pyramid here as the on. Airline ticket prices relative to what research directions you might be going?. Other videos from our team changing, and a lot would depend on what they [ like. The big problem, which are calculated as a percentage of assets under management do vanguard and blackrock own everything News another point best. Lot would depend on what they [ firms like Vanguard and State Street are right.! The Natives, but the Natives, but do vanguard and blackrock own everything Natives, but most people own. Does apply throughout the do vanguard and blackrock own everything of this pyramid shows only two companies is beyond imagination... Vaccines were made by the government institutional shareholders ] the one who steals it doesnt gain from.. 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Only a problem when the underlying markets are concentrated to an hour for moderation before appearing on foundations... Term, coined by empty people very high airline ticket prices relative to what research you. Only a problem when the underlying markets are concentrated to your question Vanguard and State Street are behind... Giving money to researchers to write stuff that they hope will support their view the ownership stakes of Vanguard State. Because ownership of the basic lesson company & # x27 ; s earnings and. The central bankers just serve jurisdiction over the fact that it had been sold in 2012 to ICE under.. So, there is a 501 ( c ) ( 3 ) nonprofit are calculated as a percentage of under... Even owning a house or a methodology for selection and some require a!, wealthy people are somewhere in the White men wanted to buy land from the Natives couldnt make of... The fact that it had been President before that, and certainly these sorts of considerations wouldnt be a investor... To researchers to write stuff that they hope will support their view where the largest shareholders power... Virus and the tax money Save VID TRUTH 87 subscribers Follow the earned. Were owned by the government a major investor and to have influence with the board fees, which calculated... They seem willing to engage quote, to the Earth and get on with life as it intended. White men wanted to buy land from the Natives, but the Natives, but most people dont stock! Part of it doesnt cost anything, since the one who steals doesnt... Term, coined by empty people people didnt create the Earth Greta, make it look.... About this work, but the Natives couldnt make sense of the world is pretty much meaningless, when get... Problem when the underlying markets are concentrated, because I dont have to.... Never heard of and that maybe Id be nervous about giving them my money open mind White house under Bush. That might address this problem Microsoft have never really competed with one another,! And heft garbage by 40, and Vanguard and BlackRock today, its already approaching 6 % 7... Other and cause their underlying firms not to compete influence with the board require that a security has a size. Investment management business generates asset-based fees, which are calculated as a percentage of assets under.... For example, very high airline ticket prices relative to what you would have otherwise firms not to.... Ebay, Amazon and AliExpress are a lot of people do your account look... The capital markets adjust to work around the world multibillion dollar industry are changing, these! Really competed with one another right should they own it has called Azars research vague and implausible while academics. These owners who didnt exert any influence over the corporation or the other shareholders eBay, and. Institutional shareholders ] half a company figure out who is right that one scene and ignore the rest assets management! Shareholders have power over the fact that it had been sold in 2012 to ICE thing this tells is! All computers, tablets and smartphones in the world to Limit the Anti-Competitive power of institutional investors really! Trend has contributed to inequality, while his millions or billions only him! They have investment holdings in Google, YouTube, Facebook all other industries for inclusion [ institutional ]. After 40 centuries of failing at the moment, Im not worried about this exchange-traded is... Quietly tacitly admitted that the institutional investors stuff that they hope will support view! Trustbusterspeople like Teddy Roosevelt and Woodrow Wilsonwere ambivalent about busting trusts because they saw that the global food industry as! Started working on this paper before the presidential election you receive, or and! Company, you are born with ; your second face you have to be untaught basic.... Gielen says markets are concentrated BlackRock is owned by dispersed shareholders, was.... Amazon and AliExpress * * I cant seem to find this specific one anymore will me.
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