1-American senators themselves, as proven in the post regarding Mitch Mcconnel, stated that all aid for Ukraine stays in the US to stimulate its defense industries. A decent chunk of such industries are owned by Blackrock
This statement alone shows that you are just a fringe conspiracy theorist who doesn’t have a clue about the real world.
Whenever I see someone mentioning Blackrock and their evil scheming, I know that is a person with kindergarten level of understanding and knowledge of modern capitalist societies.
Just so you know, Blackrock is an asset management company (the biggest in the world closely followed by Vanguard), and it has achieved its success partially thanks to its cheap index-replicating ETFs (the famous iShares ETFs).
Both Blackrock and Vanguard are the largest and most successful ETF issuers, and because of that, they are listed as big shareholders in all major companies in the world, as they accumulate shares in all companies present in major indexes such as S&P500, NASDAQ, FTSE100, etc. Those shares do not actually belong to Blackrock and Vanguard. They belong to the index funds, which belong to millions of investors worldwide.
Blackrock simply acts as a fund manager, earning a small fee for managing the fund (fees for large ETFs can be as low as 0.07% per year of AUM). So when you see those trillions of dollars worth of assets under Blackrock and Vanguard’s balance sheet, they are not their direct ownership, as they are matched with equal liabilities towards the investors who are the ultimate beneficial owners of those assets.
To see the scale of the asset management industry and the dominance of Blackrock and Vanguard, you can check this link:
Assets under management at the world’s 500 largest asset managers reached $128tn at the end of 2023, according the Thinking Ahead Institute
www.wtwco.com
So, when someone says Blackrock “owns” a “decent chunk of the defence industry”, it tells a lie. Blackrock does not own those shares in the companies. Those shares are owned by the Blackrock funds, which are owned by regular investors, in many cases just regular Joes from the US investing in ETFs.
Blackrock will just earn its small fees (like 0.10% of AUM on an ETF fund) regardless of how profitable those companies are. Blackrock earns more money if the index companies are more valuable so the largest chunk of Blackrock profits from its equity funds comes from the big companies that have a bigger weight in the index. If the MAG7 stocks perform well, Blackrock earns more money than if Lockheed Martin, Raytheon or Northrop Grumman perform well.
Associating Blackrock and Vanguard with the defence industry is just extreme mental gymnastics made by conspiracy theorists who address their message to low IQ people.