Everyone wants to know who has all the money and why is there so little of it circulating among the vast majority of people. Where’s all the money? Who’s paying all the spies and why?
Government policy has enabled and encouraged the aggregation of small investment money into mutual funds which have been again aggregated into mutual funds of mutual funds to create enormous pools of wealth that are not controlled by those whose money it is. This is what put a total halt to local business investment in America. The mutual funds of mutual funds are owned and managed in secret, though the company names are known.
To make matters worse, betting on a failing economy has been redefined as an ‘investment’ and even has special tax advantages. This provides incentives to destroy the economy, one business at a time. We’re seeing the results of that.
The wealth that these gamblers end up with are proceeds from raiding the wealth and productivity of others. No economy can thrive this way. As you’ll see, the four companies who control the money, don’t produce anything.
“The four companies [who control the wealth by controlling the indexes] are McGraw-Hill, which owns Standard & Poor’s, Northwestern Mutual, which owns Russell Investments, the index arm of which runs the benchmark Russell 1,000 and Russell 3,000, CME Group which owns 90% of Dow Jones Indexes, and Barclay’s, which took over Lehman Brothers and its Lehman Aggregate Bond Index, the dominant world bond fund index. Together, these four firms dominate the world of indexing. And in turn, that means they hold real sway over the world’s money…”
A chief of hedge funds revealed privately that an internal study found that 95% of mutual funds defined as actively managed are actually not actively managed but are determined by an index. This is how the real power to control the world through control of the wealth, lies with four companies who control the Index.
The difference between an index fund and an actively managed mutual fund is in who decides which investments the fund holds, the fund’s investment objective and how much investors pay in fees to own it. The index fund is on autopilot. By eliminating the salaries for management, the fund ends up doing better on autopilot, initially anyway. The long term effects are detrimental of course, because eliminating jobs to increase profit is not a good long term strategy for any business. People end up homeless while the stock market soars. The result is many people with no house, and a few people with many houses.
The goal of improving the quality of life in our nation has been completely lost in this scenario. The biggest victims are the next generation. The perpetrators don’t give a damn.
Next up is an interesting movie about spies in Istanbul in 1944.
My conclusion is that the ‘spy’ Elyesa was actually revealing false information about D-Day to the Turks. I’m thinking that the D-Day landing was fake, with fake inflatable tanks. I read the book entitled “Bodyguard of Lies” and became more convinced. Just my opinion. Everyone is entitled to their own. I watched this movie about three times to catch all the details.