This video explores the complex question of who truly controls America's economy and political landscape. Andrei Jikh examines various forms of control throughout history, from land ownership to the influence of central banking, corporations, and the power of asset managers like BlackRock, Vanguard, and State Street. The video aims to reveal the entities wielding significant power and influence within the American system.
Land Ownership: Historically and presently, significant land ownership concentrates power, influencing local economies and politics. Mega-landlords control substantial portions of US land, impacting tax revenues and resource allocation.
Central Banking and Credit: The Federal Reserve System, established after a secret meeting on Jekyll Island, controls the money supply. Fractional reserve banking, though recently modified, amplifies the impact of deposited funds, influencing credit and the economy.
Asset Manager Influence: BlackRock, Vanguard, and State Street collectively manage trillions of dollars in proxy votes across a vast portion of the stock market, giving them considerable influence over corporate decisions and policy. While not directly owning the market, their voting power is substantial.
US National Debt and Foreign Ownership: The US national debt is substantial, with a significant portion held by public investors, including foreign entities. However, the video argues that foreign ownership doesn't equate to control, as actions that negatively impact US debt also hurt foreign investors' holdings.
Political Influence of Wealth: Billionaire families and individuals heavily influence political races through significant campaign donations, impacting elections and political outcomes. The video notes this influence across both Republican and Democrat parties.
Economic Energy and Store of Value: The video introduces the concept of "economic energy" – the value of one's time and skills. It explores the idea that investing in assets that act as a store of value (like real estate, gold, or bitcoin) can help individuals preserve their economic energy more effectively than traditional currencies.
