NB. Original Powerpoint can be found here.
Debt and interest rates
Do the finance ministers control the economy?
Hon. Giulio Tremonti
Hon. Mario Monti
|Former Italian Finance minister (2011–2013)
So who controls the economy?
|As of March 31, 2011, BlackRock's assets under management total 3650 B$ across equity, fixed income, cash management, alternative investment, real estate and advisory strategies.
Investment system services to a broad base of clients with portfolios totalling approximately 10000 B$
As of September 30, 2011, BlackRock's assets under management total US$3.345 trillion across equity, fixed income, cash management, alternative investment, real estate and advisory strategies. Through BlackRock Solutions® — the natural evolution of our long-standing investment in developing sophisticated and highly integrated systems — we offer risk management, strategic advisory and enterprise investment system services to a broad base of clients with portfolios totaling approximately US$10 trillion.
|For 25 years he was the charismatic boss of Pimco. He is one of the best asset managers.|
It is clear therefore that the power holders are not the governments, but the top asset managers,
|2||State Street Global||US||$1,911,240|
|9||J.P. Morgan Chase||USA||$1,252,915|
|World's largest asset managers||Total Assets managed by country|
|The expiration of Italian bonds||Total Assets managed by country|