Plutocracy citibank memo pdf plutocracy citibank memo pdf plutocracy citibank memo pdf download. The memo citigroup doesnt want you to see jobs now. Oct 19, 2019 plutonomy is a term that citigroup analysts have used for economies where economic growth is powered by and largely consumed by the wealthy few. Citigroup plutonomy memo pdf ajay kapur, global strategist at citigroup, and his research team came up with the term plutonomy in to describe a country that is defined. Citigroups shocking plutonomy reports ht michael moore. If you want to read the citigroup plutonomy memo which i highly. Maybe im the last person whos hearing about the citigroup plutonomy memos, but theyre blowning me away.
Michael moore highlights a confidential report that citigroup initially circulated only to its wealthiest customers. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this rep ort. Leaked citigroup memo shows economic domination agenda of the. Plutonomy the citigroup plan for the megarich at cost to. Those reports, since leaked, plainly discuss the power of the plutonomy in america, and how it would only strengthen, as long as the the rest us the nonplutonics could be kept in the dark about the plutonomy existence, its role, and its overarching control in the american. Wait, now that i look around, i see that yves smith at naked capitalism posted about this on october 15, 2009, almost three years ago, and called for people to protest the annual meetings of the american bankers. Leaked citigroup memo corporation, government, bailout, economy economics page 12 citydata forum. Leaked citigroup memo corporation, government, bailout. For supported browsers, the file download behavior will depend on the default browser. It urged investors to put money into a plutonomy index. For a report that matthew yglesias calls a bit of a cult classic among economics writers, the systematic removal of plutonomy 2 from the internet sure hasnt gotten much press. Download all posts by politicalgates about the faked pregnancy as pdfdocument. Mar, 2015 originally posted by chuckmann sorry i missed the beginning of this thread. Both reports were leaked and made available on the web.
Where can i find a copy of the citigroup plutocracy report. In 2005, citigroup came out with a brochure for investors called plutonomy. Citibank leaked memo plutonomy pdf in, citigroup came out with a brochure for investors called plutonomy. Oct 30, 2019 citigroup plutonomy report pdf the reports are available for the time being. The memo citigroup doesnt want you to see bill black white collar criminologist william black dissects a 2005 citigroup memo intended for its wealthist clients that describes the us, uk, and canada as plutonomies countries where rule by an ultrarich managerial class has replaced democracy. Well, it could be the above quote from memo 1 a point made several times throughout the document, explicitly linking the trend of growing. I tried to find a better article on citigroups disappearing plutonomy report than the personal blog linked above, but its just not out there.
Plutonomy definition is political economy, economics. But there is as tom hickey says a button to download the pdf file, right at the top line of the document. Citi and arc design is a registered service mark of citigroup inc. Citigroup plutonomy memos pdf the world is dividing into two blocs the plutonomy and the rest. Equity multiples appear too low, the profit share of gdp is high and likely going higher, stocks look likely to beat housing, and we are bullish on. Yes, they are real, and instead of being discussed on mainstream media outlets all over america and beyond, citigroup was surprisingly successful so far in suppressing these memos, using their lawyers to issue takedownnotices whenever these memos were. Sep 25, 2019 plutonomy is a term that citigroup analysts have used for economies where economic growth is powered by and largely consumed by the wealthy few. A plutonomy is an economy powered by the wealthy and characterised by growing disparities between the top 1 % of society and the rest. Citigroup analysts have also used the word plutonomy to describe economies where economic. Nsa leaks paranormal the citigroup plutonomy memos.
Citigroupmar52006plutonomyreportleakedcitigroupmemopart1. Two bombshell documents that citigroup s lawyers try. Jun 22, 2018 8 sep 2009 in a plutonomy, according to citigroup global strategist ajay kapur, economic growth is below is at least part of the report. The first memo is dated october 16, 2005 35 pages and is titled. I think in the nearly 2 years since written, the fissures i spoke about havecitigroup plutonomy report, part 1, oct 16, 2005. Citigroup wrote memos reprot and addressed to investors, reporh saying that the world is dividing up more and more into a small group of rich people who drive the economy, surrounded by a large number of poor people whose economic interests can be safely ignored.
Thats the question people usually ask when they hear for the first time of the citigroup plutonomy memos. The term plutonomy first appeared in a memo sent by the global bank citigroup to its wealthiest clients. All other trademarks are the property of their respective owners. There are rich consumers, and there are the rest look up plutonomy in wiktionary, the free dictionary. Ajay kapur, global strategist at citigroup, and his research. Oct 31, 2009 since 2000 was the peak year in equities, and the top 1% of households have a lot more equities in their net worth than the rest of the population who tend to have more real estate, these data might exaggerate the u. Yes, they are real, and instead of being discussed on mainstream media outlets all over america and beyond, citigroup was surprisingly successful so far in suppressing these memos, using their lawyers to issue takedownnotices whenever these memos. The other citigroup plutonomy memo mentioned in michael moores movie is download plutonomy 2 an excerpt. Oct 16, 2005 in 2009, and an average reduction in real cost of more files6674234 citigroup oct162005 plutonomy reportpart1. Citigroup plutonomy memos pdf united pdf comunication. The other citigroup plutonomy memo mentioned in michael moores movie is. If youve seen the documentary, there is a section where moore presents this leaked internal memo from citigroup, showing them gloating over the coming american plutocracy where only the wealthy mattered and everyone else was irrelevant.
Much of the recent increase in inequality in englishspeaking. Nov 15, 20 a plutonomy is an economy powered by the wealthy and characterised by growing disparities between the top 1 % of society and the rest. Buying luxury, explaining global imbalances, october 14, 2005. Plutonomy is the science of production and distribution of wealth.
Plutonomy is a term that citigroup analysts have used for economies where economic growth in three reports for superrich citigroup clients published in and, a team of citigroup analysts elaborated on their thesis that the share. Oct 16, 2010 the citigroup plutonomy memos saturday, october 16, 2010 at 04. Also, new media dissemination technologies like internet downloading, cable and satellite tv, have. Two bombshell documents that citigroups link to the second memo pdf called. Ajay kapur, global strategist at citigroup, and his research team came up with the term plutonomy in 2005 to describe a country that is defined by massive income and wealth inequality. Michael moores leaked citibank plutonomy memo unsettling. Leaked citigroup memo shows economic domination agenda of. Moving on, its a rather long document with second and third companion memo s. Two bombshell documents that citigroup s link to the second memo pdf called. Citigroup research is a division of citigroup global markets inc.
Thought some might like to have the actual memo to read for themselves. Originally posted by chuckmann sorry i missed the beginning of this thread. The public overwhelmingly supports higher taxes on the wealthy, which have declined sharply in this period of stagnation and decline, and the preservation of limited social benefits. Citigroup plutonomy report pdf the reports are available for the time being. Aug 01, 2019 citigroup plutonomy memos pdf the world is dividing into two blocs the plutonomy and the rest. Proving theyre not just a onehitwonder, the citigroup analysts are at it again. Dec 01, 2011 i tried to find a better article on citigroups disappearing plutonomy report than the personal blog linked above, but its just not out there. Back in october, we coined the term plutonomy the global investigator, plutonomy. Among the topics for discussion is the threat of societies demanding a more equitable share of wealth.
Politicalgates bears no responsibility for comments. Jul 02, 2019 citigroup plutonomy report pdf the reports are available for the time being. Plutonomy definition of plutonomy by merriamwebster. Two bombshell documents that citigroup s lawyers try to suppress, describing in detail the rule of the first 1%. Aug 30, 2012 maybe im the last person whos hearing about the citigroup plutonomy memos, but theyre blowning me away.
A love story, ajay kapur, then citigroup s chief global equities strategist, says this. As a result of this audit, we now know that the federal reserve provided. Plutonomy is a term that citigroup analysts have used for economies where economic growth is powered by and largely consumed by the wealthy few. If plutonomy explains away many conundrums that our equity. Jan 24, 2011 michael moores leaked citibank plutonomy memo. Yes, they are real, and instead of being discussed on mainstream media outlets all over america and beyond, citigroup was surprisingly successful so far in suppressing these memos, using.
In plutonomies the rich absorb a disproportionate chunk of the economy. The brochure says, the world is dividing into two blocs the plutonomy and the rest. And as the rich are accounting for an ever larger share of wealth and spending, it is their actions that. All contributors at politicalgates are individually responsible for their posts, and all contributors express their individual opinions in their posts. In one of the two memos made famous in michael moores film capitalism. Oct 08, 2009 where can i find a copy of the citigroup plutocracy report. Download all posts by politicalgates about the faked pregnancy as pdf document here. Yes, they are real, and instead of being discussed on mainstream media outlets all over america and beyond, citigroup was surprisingly successful so far in suppressing these memos. Apr 19, 2020 there are signs around the world that society is unhappy with plutonomy judging by how tight electoral races are. Oct 21, 2019 plutonomics, robert frank, wall street journal blog the wealth report, january 8, 2007. Plutocracy citibank memo pdf the citigroup plutonomy memos.
Old news, but not enough people know it this is old news, but old news that most people dont know about, because citigroup has been. There are signs around the world that society is unhappy with plutonomy judging by how tight electoral races are. White collar criminologist william black dissects a 2005 citigroup memo intended for its wealthist clients that describes the us. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this repor t. So there was a period of stagnation and decline for the majority alongside a period of sharp concentration of wealth.
Citigroup plutonomy october 2005 pdf the first memo is dated october 16, 2005 35 pages and is titled. In plutonomies the rich absorb a disproportionate chunk of the economy and have a. Citigroup attempts to disappear its plutonomy report. A few months ago i wrote in this blog that the uk is turning into a plutonomy. Jun 24, 2011 in september 2006 citigroup published a report which they have been trying to suppress ever since. So citigroup did their duty and published two explosive memos, which should have become mainstream news, but eventually did not. Citigroup plutonomy october 2005 pdf citigroup plutonomy october 2005 pdf download. Since 2000 was the peak year in equities, and the top 1% of households have a lot more equities in their net worth than the rest of the population who tend to have more real estate, these data might exaggerate the u. You must there are over 200,000 words in our free online dictionary, but you are looking for one thats only in the merriamwebster unabridged dictionary. Citigroup plutonomy report part 1 oct 16, 2005 the world is dividing into two blocs the plutonomy and the rest.
Citigroup attempts to disappear its plutonomy report which shows that the us economy is designed to increase income inequality and should be expected to do so in the future. Screenshots first citigroup memo, click on images to read them. Politicalgates is a blog with an educational, noncommercial purpose. Citigroup oct162005 plutonomy reportpart1 very interesting read, perhaps an insight into the corporate view on things in the us. It was on what they called plutonomy an idea theyd been hawking around for a while and which was summarised in the wall street journal in 2007 as follows.
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