
News Link • Economy - Economics USA
BlackRock First: How the World's Largest Asset Manager is Gaining More Control...
• https://www.activistpost.com, Bryan LutzThe corporate world is a fascinating one.
Contrast it with the political one and you can find a new, curious perspective.
Much of the political world pretends to own corporations, but in reality corporations tend to run the world.
Here's how it works:
Governments like to regulate industries, make claims on natural resources, and force the ownership of certain operations.
But in the end, it is the corporations that are producing the work.
Governments do not produce.
However, there is one trick governments use to claim some part in the production of real things…
It is to claim ownership over the currency.
Once the government becomes the person defining trade and the value of a currency they have much more control over what private corporations can and cannot do.
They essentially make any demand they want because corporations must operate using their currency.
But things change if one of these two things happen:
Governments no longer control the currency
Corporations grow too big for governments to control
Imagine if corporations started buying gold and then they put that gold on their balance sheet.
Eventually, corporations would have a valid reason to start trading outside of the State currency.
And then there's the other radical alternative…
Some corporations, Blackrock for example, are buying Bitcoin and other crypto to place it on their balance sheet.
Recently, BlackRock made some interesting changes to their portfolio buying up a lot of Bitcoin for themselves, and investing in their own iShares Bitcoin Trust ETF during Bitcoin's latest dip.