And yet - who really controls the world? Part 3

2024 Author: Seth Attwood | [email protected]. Last modified: 2023-12-16 15:55

In the second part, I showed that the British Windsor dynasty, through its registered fund in Vanguard, owns the shares of a number of American manufacturers. It was found that three of these manufacturers (and most likely there are more) - Honeywell, Ford and Kellogg - have their own charities through which they fund the Council on Foreign Relations, a private organization with a strong influence on US foreign policy.

This part will be about Vanguard again, and it will look at specific personalities of this company in order to reveal the lines of its influence on the American economy and politics. Why American - because data on America is available to me. Let me emphasize that in my research I only use open, trusted sources of information and do not rely on anyone's insider information. Where necessary, I provide links to facts so that anyone can quickly verify them. Let's start with the public first person of the Vanguard.

1. Frederick William McNabb III (photo) - This thoroughbred character with an Irish surname is not only the current chairman and CEO of Vanguard, but also the vice chairman of the Investment Company Institute (ICI). President and CEO of ICI is Paul Schott Stevens (Paul Schott Stevens) (photo), member of the Council on Foreign Relations. ICI is American national Association of Investment Asset Management Companies. Historically, it was established by the US Congress after the stock market crash in 1929 for the purpose of financial regulation. The Investment Companies Act of 1940 established the areas of responsibility of these companies (together with the Securities Act of 1933, these are the only ones the norms of the activities of these companies). The association got its current name in 1961. In 2011, it opened a branch in London and in 2013 entered the Asian market by opening a branch in Hong Kong. All funds of such investment companies are located offshore, so it is not surprising that today Hong Kong is today one of the leading offshore zones, or, as stakeholders say, "countries with a free economy."

As an industry association, ICI brings together major investment companies. If we look at the list of members of this association, we will find there BlackRock, Fidelity, State Street, and other names known in narrow circles. Contrast this with the fact that the chairman of Vanguard and the vice chairman of ICI are the same person, F. William McNabb III, and the question of Vanguard's control over the rest of the major investment companies will be lifted of its own accord. Even though BlackRock manages US $ 5 trillion in assets and Vanguard manages only US $ 4 trillion, BlackRock, like the rest of the penumbra financial predators, is tightly controlled by Vanguard through ICI.

However, ICI's sphere of influence is not limited to its own industry. It is included in the list of US industry alliances, which were originally created to protect the interests of companies in relevant areas. Nominally, she is an equal member of this list. But from Part 1 of this article series, remember that the Vanguard Group owns a significant share of the vast majority of American companies. Therefore, it is natural to assume that ICI also occupies a dominant position. in relation to other sectoral unions … Apparently, big business in America is very tightly pressed by this organization, and it gained national status as a result of powerful efforts to lobby for its interests. Simply put, ICI at one time bent or bribed the American state apparatus so that it did not interfere with investment companies from influencing industrial players (that is, parasitizing them).

McNabb's other direct organizational ties cannot be traced through open sources, but this information is enough to understand under whom the large private capital of the United States lies. Industry alliances bridge the gap between Vanguard and ICI on the one hand and America's big business - with another.

2. Kathleen Gubanich (photo) - until September 2016 she was the chief of personnel at Vanguard. He is a member of the HR Planning Forum (forum on personnel planning) at the Investment Company Institute, already familiar to us. He also serves on the board of the American Benefits Council, an association dedicated to providing lucrative retirement and insurance programs for private employers. This association has been active in Obama's health care reform, promoting proposals to reform the quality, cost, and coverage of health care services. Does this mean that Vanguard is committed to the health and well-being of the American people in old age? No, she just has her own Health Care Fund and a whole line of her own pension funds. And these funds need regular replenishment for the well-being of their owners belonging to the richest dynasties.

Another touch to the portrait of Gubanich and Vanguard. Gubanich is one of the trustees of the Vanguard charity program. It is hard to believe in Vanguard's charity, but it is reliably recorded that this donor fund transferred contributions to support one of the major green energy lobbyists, a non-profit organization "Union of Concerned Scientists". The leadership of the Union of Concerned Scientists includes Adele Simmons, a member of the Council on Foreign Relations, a non-profit organization.

3. And a couple of lines about another notable figure directly related to Vanguard - S. Fitzgerald Haney … From 2007 to 2015, he was the head of Pzena Investment Management, which acts as an investment advisor for Vanguard Windsor (another British throne fund, without the II in its name). This information is open and available for download directly from the Vanguard website, in the Mutual Fund Prospectuses section. So, Haney is the current US Ambassador to Costa Rica. Formally, he does not combine his diplomatic activities with work for Vanguard, but in this extremely rigid system, as they say, there are no exes.

Even from this cursory review, Vanguard's influence is not limited to stock holdings in large American enterprises. This financial octopus also pulls its tentacles into foreign policy, the legislature, health and the environment (using various associations and charitable foundations for this).