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Physicists Untangle Complicated Webs to Reveal that the World’s Finances are Controlled by “Just a Few Mutual Funds, Banks, and Corporations”
Washington’s Blog
Saturday, August 29, 2009
Inside Science – a news service supported by the American Institute of Physics – is breaking an important story:
A recent analysis of the 2007 financial markets of 48 countries has revealed that the world’s finances are in the hands of just a few mutual funds, banks, and corporations. This is the first clear picture of the global concentration of financial power, and point out the worldwide financial system’s vulnerability as it stood on the brink of the current economic crisis.
A pair of physicists at the Swiss Federal Institute of Technology in Zurich did a physics-based analysis of the world economy as it looked in early 2007. Stefano Battiston and James Glattfelder extracted the information from the tangled yarn that links 24,877 stocks and 106,141 shareholding entities in 48 countries, revealing what they called the “backbone” of each country’s financial market. These backbones represented the owners of 80 percent of a country’s market capital, yet consisted of remarkably few shareholders.
“You start off with these huge national networks that are really big, quite dense,” Glattfelder said. “From that you’re able to … unveil the important structure in this original big network. You then realize most of the network isn’t at all important.”
The most pared-down backbones exist in Anglo-Saxon countries, including the U.S., Australia, and the U.K. … But while each American company may link to many owners, Glattfelder and Battiston’s analysis found that the owners varied little from stock to stock, meaning that comparatively few hands are holding the reins of the entire market.
“If you would look at this locally, it’s always distributed,” Glattfelder said. “If you then look at who is at the end of these links, you find that it’s the same guys, [which] is not something you’d expect from the local view.”
Matthew Jackson, an economist from Stanford University in Calif. who studies social and economic networks, said that Glattfelder and Battiston’s approach could be used to answer more pointed questions about corporate control and how companies interact.
“It’s clear, looking at financial contagion and recent crises, that understanding interrelations between companies and holdings is very important in the future,” he said. “Certainly people have some understanding of how large some of these financial institutions in the world are, there’s some feeling of how intertwined they are, but there’s a big difference between having an impression and actually having … more explicit numbers to put behind it”…
The results will be published in an upcoming issue of the journal Physical Review E.
The physicists name names. As Inside Science notes:
Based on their analysis, Glattfelder and Battiston identified the ten investment entities who are “big fish” in the most countries. The biggest fish was the Capital Group Companies, with major stakes in 36 of the 48 countries studied.
While it is true that the paper in the Physical Review E has not yet been published, I have found a draft version of their article from February which shows that the top 10 list of most powerful financial institutions (from most to least powerful) is as follows:
1. The Capital Group of Companies
2. Fidelity Management & Research
3. Barclays PLC
4. Franklin Resources
5. AXA
6. JP Morgan Chase
7. Dimensional Fund Advisors
8. Merrill Lynch
9. Wellington Management Company
10. UBS
Other tidbits:
- Non-American players Deutsche Bank, Brandes Investment Partners, Societe Generale, Credit Suisse, Schroders PLC and Allianz are also in the top 21 positions.
- The government of Singapore is number 25.
- The world’s largest banking group – HSBC Holdings PLC – only chimes in at number 26.
The data analyzed in the study is from 2007, and the playing field may have changed substantially since then.
Further analysis using this new methodology may yield important information. For example, given the massive government intervention in the markets, it is important to ask who controls stock now.
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33 Responses to “Physicists Untangle Complicated Webs to Reveal that the World’s Finances are Controlled by “Just a Few Mutual Funds, Banks, and Corporations””
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August 29th, 2009 at 5:40 am
Five men rule the world
Quote:
This Council of Five consists of Baron Guy de Rothschild, Evelyn de Rothschild,
George Pratt Shultz, Robert Roosa (from Bush’s family firm of Brown Brothers
Harriman) and one vacancy, at this writing. In the past several years, members
of the Council who have died include Averill Harriman, Lord Victor Rothschild, and
Prince Thurn und Taxis of Regensburg, Germany. None of them holds public
office, but they choose who shall hold office in the nations.
These five men
comprise the apex of the pyramid of power, the World Order. We may ask, Why
should there be a World Order? Is it not sufficient to hold absolute power in a
single nation, or in a group of nations? The answer is NO, because of the nature
of international travel, international trade, and international finance.
International travel requires that a person may travel in peace from one nation to
another, without being molested. Excepting cases of anarchy, revolution or war,
this requirement can usually be met. International trade requires that traders of
one nation can go to another nation, transact their business, and return with
their goods or their profits. This requirement too is usually met. If not, the
offended nation can exercise military force, as Great Britain did in its Opium
Wars…..CONT…..
http://engforum.pravda.ru/showthread.php?t=250202
bogus list Reply:
August 29th, 2009 at 6:29 pm
Where is Goldman?
Morgan should be higher up the list.
Chase?
f Reply:
August 31st, 2009 at 10:03 am
Sachs is part of one of the subcategories most likely.
Clearly there already IS a GLOBAL ECONOMY. So how easy will it be for them to openly revert to that? Too easy.
August 29th, 2009 at 5:56 am
6000 SUPER ELITE controlled by 12 or so Illuminati bloodline families. This study backs up everything we’ve known for years now! their concentration of wealth is about to become even more so once they buy up more of the worlds resources. The power they wield is beyond comprehension and this is why most Sheople cant grasp the horrific things being done to them!
UNFATHOMABLE CRIMES AGAINST HUMANITY!!!
But one thing is for sure all you New World Order psychos:
YOUR DAY WILL COME!!!
A Patriot Reply:
August 31st, 2009 at 9:54 am
Agreed!
It is nice to finally see this scientifically analyzed by an “impartial” third party…
Once again – especially for the sheeple – truth is stranger than fiction!
f Reply:
August 31st, 2009 at 10:04 am
It’s THIRTEEEEEEEEEN FAMILIES!
Do you see any way out of this? These people have basically already won. And how many out there are willing goons for these families. THEY are the ones who betray us.
August 29th, 2009 at 7:13 am
what the – is a physicists ?? psychopath + scientist = physicists
Thompson Reply:
August 29th, 2009 at 7:49 am
Actually physicists are the most dumb persons in the history of mankind. Do you know why?
Cause they invented the most powerful weapon and then in return? Just a good salary and some fame.
How stupid some body should be to give the greatest weapon to Mafia only in return of some smiles.
aussie Reply:
August 29th, 2009 at 11:36 pm
they didn’t invent the bomb, they just worked how the universe worked around them….the military industrial complex created the bombs…
A Patriot Reply:
August 31st, 2009 at 9:55 am
Agreed!
kenneth ramlot Reply:
August 30th, 2009 at 3:45 pm
They were not aloud to know what they were really working on,,,compartmentalization is a tool that was used.
kenneth ramlot Reply:
August 30th, 2009 at 3:47 pm
Allowed,,,oop’s,, I am felling like a Physicist,,, hahaha h.
wildcat Reply:
August 29th, 2009 at 1:08 pm
The Physical Review series of publications are one of the most respected publications for Physics science research:
http://pra.aps.org Physical Review A – Atomic, molecular, and optical physics
http://prb.aps.org Physical Review B – Condensed matter and materials physics
http://prc.aps.org Physical Review C – Nuclear physics
http://prd.aps.org Physical Review D – Particles, fiends, gravitation and cosmology
http://pre.aps.org Physical Review E – Statistical, Nonlinear and soft matter physics
The latter group like to take the software developed for statistical analysis of physical phenomena and apply them to just about everything else that can be analyzed in the real world to see what patterns emerge. It helps test the software and sometimes they find connections between totally unrelated fields.
dave310 Reply:
August 29th, 2009 at 2:33 pm
Truth 9-11, didn’t you take physics in school?
I’m glad these guys untangled the web. If we can show people the true power structure, maybe they will wake up and realize how easy it is for these people to control everything. (media, universities, banks, medicine, etc.)
truth911 Reply:
August 30th, 2009 at 12:14 pm
no i quit indoctrination school 3 years early and i dont need a piece of paper that says im smarter than you
August 29th, 2009 at 7:38 am
I thought Goldman Sachs was bigger than some of those.
Jonesy Reply:
August 29th, 2009 at 5:34 pm
yes but who owns GS?
soros for one.
Huggles Reply:
August 31st, 2009 at 5:56 am
Goldman Sachs is largely privately owned and its complete financial activities is not a public record so they may be majority share holders of the largest public companies.
GS Capital Partners is the private equity arm of Goldman Sachs;
* The Ayco Company, L.P. (Financial Advisory)
* Cogentrix Energy (Energy)
* American Casino & Entertainment Properties (Casinos)
* CH James Restaurant Holdings (Quick Service Restaurant)
* Coffeyville Resources LLC (Oil Refinery)
* Myers Industries, Inc. (Plastic & Rubber)
* USI Holdings Corporation (Insurance & Finance)
* East Coast Power LLC (Energy)
* Queens Moat Houses (Hotels)
* Sequoia Credit Consolidation (Finance)
* Shineway Industrial Group (Meat Processing)
* Equity Inns, Inc. (Hotels)
* KarstadtQuelle property group (Retailer)
* Nursefinders Inc. (Healthcare)
* Latin Force Group, LLC (Media)
* Constellation Energy Group
August 29th, 2009 at 7:51 am
> “A recent analysis of the 2007 financial markets of 48 countries has revealed that the world’s finances are in the hands of just a few mutual funds, banks, and corporations.”
This is why I get so annoyed whenever I hear Austrian School cranks parrot the ridiculous lie that the surge in unemployment and foreclosures is a mere case of “market forces” imposing a necessary “correction” on the economy.
Bullsh*t!
It’s a handful of criminal, parasitic oligarchs LOOTING the economy!
Hence the point I always make that there is apparently no amount of aristocratic propaganda that countless well-meaning yet gullible people won’t fall hook, line and sinker for as long as the ideological snake-oil salesmen peddling it have wrapped themselves in the flag of “liberty.”
http://propagandamatrix.com/fo.....084.0.html
August 29th, 2009 at 10:14 am
If it’s true it should make it a little easier to untagle and mete out justice, if we ever got any one honest enough in our government to do it.
August 29th, 2009 at 10:29 am
Locally, San Diego, California, I checked out the BOD’s of all major local companies. They were ALL controlled by members of the BOD of a locally owned bank. They ranged from aircraft companies to a public utility to grocerty wholesalers. A handful of people ran just about everything in town worth running. They also controlled the Chamber of Commerce and most local pols. There are several reference books in most financial sections of large public libraries that give the BOD mem,bers of various corporations. If you have inclination go check the large banks BOD’s first and see how many boards they sit on and control. Makes an interesting study. Truly, a very small number of people run most everything.
wildcat Reply:
August 29th, 2009 at 1:12 pm
Same in my home town – even to get an entry level college diploma job position with any company, you needed to be of someone’s business director friend just to get an interview. I don’t think there’s a single person in my high-school who managed to stay in town, but was instead forced to go down to London or abroad.
The Inquisitor Reply:
August 30th, 2009 at 2:11 pm
And you will usually find that local judges have a nice relationship with the bank…usually right next to the courthouse. Makes it much easier to walk the bribe and payoff money over for transfer to offshore accounts.
August 29th, 2009 at 6:42 pm
ALL economic TRUTH SEEKERS you must visit this economic website immediately.
http://www.avaresearch.com/
Mike Stathis of AVA Research runs a highly respected economic intelligence website that provides uncensored economic truth. Most of the information on this site is FREE of charge and provides insightful information that NO corporate media site will speak about.
http://www.avaresearch.com/
Mike Stathis is one of a few economic figures who speaks the TRUTH. Anyone frustrated with the economic bail-outs or has lost money in the stock market needs to visit this website NOW.
http://www.avaresearch.com/
Mike Stathis has been blackballed by the mainstream media due to his highly accurate financial forecasts. He is not allowed on the air at CNBC or FOX Business. The corporate media wants Stathis censored BIG-TIME because he speaks the TRUTH.
Stathis has written volumes about what is happening today, especially the seminal book “America’s Financial Apocalypse” written in 2006. His books are readily available on Amazon.com.
Please do your financial future a favor and check out:
http://www.avaresearch.com/
August 29th, 2009 at 7:31 pm
But as if they would manipulate the markets or governments so to enrich themselves at the expense of the population….. http://www.openyoureyesnews.co.....rporations
August 29th, 2009 at 9:45 pm
The list is not nearly complete. They are missing the really big ones. It would only take a simple person one hour to figure it out. Anybody can figure it out.
August 29th, 2009 at 9:50 pm
Here’s an article everyone would find interesting
http://sociology.ucsc.edu/whor.....unity.html
August 30th, 2009 at 3:57 pm
So if we could persuade every body with money to give some regularly to the above
there would be an outbreak of world peace on a scale the world has never seen before.
August 30th, 2009 at 4:12 pm
everybody needs to download this complete page for their archives now !!!!!!!!!!!!!…… we all can you this information for ammunition against nonbelievers, heretics, etc etc ……please remember, not everyone will be lucky enough to read this page, or glean any portent …. this page may not be here much longer,, alex will probably cleanse this page quickly once he becomes aware of the serious nature of the material presented to us……let us hope, we can persuade alex to validate himself furthur by interviewing on live radio, the physicists’ and that other person listed above.. alex should film these people and immediately put them into all his movies, to furthur validate himself….. donot forget hairloom seeds and fertilizer starter,(a must)…water filtration systems, state of the art gas masks, think of low-technology devices like grain grinders clay pots that seal……..you have no control over electricity, so think lowtech; like the amish…. amish have catalouges available to look over, same as stewart brands whole=earth catalouge…….
August 30th, 2009 at 10:17 pm
stupid bastards thought they could hire Death as a company cop.
August 30th, 2009 at 11:12 pm
I WORKED AT A LOCATION IN AMERICA ONE TIME A CO WORKER TOLD ME THE GOV WORKERS WILL BRING THEIR ILLEGAL WEAPONS AND MICROWAVE AROUD TO MAKE EMPLOYS OR PEOPLE IN GENERAL IN THE TOWN I LIVE IN TO HEAR AND SEE HALLUCINATIONS THATS HAS BENN GOING ON FOR EVER WHERE I LIVE HE ASK ME HAVE I EVER READ CARL MARX I DO NOT KNOW IF THIS HAS ANY THING TO DO WITH ANY OF THE ABOVE OR ANY THING POSTED ON THIS BLOG THEY CLAIM BRAIN WASH AS A FRONT BUT ITS A COVER TO USE WEAPONS TO CRIPLE OR MAIM T
August 31st, 2009 at 5:54 am
And who owns the private Federal Reserve? Shouldn’t they be on the list? When you print money, “lend” it out, and charge interest on it, aren’t you printing your own money (the interest)?
It must be nice to print your own money.
A Patriot Reply:
August 31st, 2009 at 10:03 am
Heh Heh – like they say – “It’s good to be the King!”
I once – as a youth counterfitted “ticket” money used at a local fair – trading much of it for real money as well as many consumable goods – and I really realized what it meant to be a central banker for that small period.
ALthough I came away drunk as a skunk that day (on both beer and power) – with hundreds of dollars in cash for blowing later in the night – it really revulsed me on a very primal level.
All my life I have earned my keep – and that day servers as a reminder of the emptiness and cowardice I felt with my ill gotten gains.
But although I have never stooped to such parasitical behavior ever since – I do feel I got a brief taste of what an elitist lifestyle is like – and I pity them even as I prepare to help bring and End to their foul Reign!