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. 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. Oct 21, 2019 plutonomics, robert frank, wall street journal blog the wealth report, january 8, 2007. White collar criminologist william black dissects a 2005 citigroup memo intended for its wealthist clients that describes the us. Citigroup analysts have also used the word plutonomy to describe economies where economic. Citigroup research is a division of citigroup global markets inc. 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. So there was a period of stagnation and decline for the majority alongside a period of sharp concentration of wealth. Leaked citigroup memo corporation, government, bailout, economy economics page 12 citydata forum. 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.
Two bombshell documents that citigroup s lawyers try. And as the rich are accounting for an ever larger share of wealth and spending, it is their actions that. In 2005, citigroup came out with a brochure for investors called plutonomy. In one of the two memos made famous in michael moores film capitalism.
Plutocracy citibank memo pdf the citigroup plutonomy memos. Where can i find a copy of the citigroup plutocracy report. Back in october, we coined the term plutonomy the global investigator, plutonomy. Citigroup plutonomy report pdf the reports are available for the time being. Thats the question people usually ask when they hear for the first time of the citigroup plutonomy memos. Citigroup plutonomy memos pdf united pdf comunication. In plutonomies the rich absorb a disproportionate chunk of the economy and have a. Thought some might like to have the actual memo to read for themselves.
In plutonomies the rich absorb a disproportionate chunk of the economy. The other citigroup plutonomy memo mentioned in michael moores movie is. Leaked citigroup memo corporation, government, bailout. Oct 30, 2019 citigroup plutonomy report pdf the reports are available for the time being.
A love story, ajay kapur, then citigroup s chief global equities strategist, says this. Michael moore highlights a confidential report that citigroup initially circulated only to its wealthiest customers. The other citigroup plutonomy memo mentioned in michael moores movie is download plutonomy 2 an excerpt. Plutonomy the citigroup plan for the megarich at cost to. Citigroupmar52006plutonomyreportleakedcitigroupmemopart1. Plutonomy is the science of production and distribution of wealth.
Jun 24, 2011 in september 2006 citigroup published a report which they have been trying to suppress ever since. Plutocracy citibank memo pdf plutocracy citibank memo pdf plutocracy citibank memo pdf download. Jul 04, 2019 citibank leaked memo plutonomy pdf in, citigroup came out with a brochure for investors called plutonomy. Two bombshell documents that citigroup s lawyers try to suppress, describing in detail the rule of the first 1%. 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. Maybe im the last person whos hearing about the citigroup plutonomy memos, but theyre blowning me away. Citigroup oct162005 plutonomy reportpart1 very interesting read, perhaps an insight into the corporate view on things in the us. Much of the recent increase in inequality in englishspeaking. Oct 08, 2009 where can i find a copy of the citigroup plutocracy report. All contributors at politicalgates are individually responsible for their posts, and all contributors express their individual opinions in their posts. 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. It urged investors to put money into a plutonomy index. There are rich consumers, and there are the rest look up plutonomy in wiktionary, the free dictionary.
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. 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. Moving on, its a rather long document with second and third companion memo s. Well, it could be the above quote from memo 1 a point made several times throughout the document, explicitly linking the trend of growing. Plutonomy definition is political economy, economics. Two bombshell documents that citigroups link to the second memo pdf called.
Politicalgates bears no responsibility for comments. Proving theyre not just a onehitwonder, the citigroup analysts are at it again. A plutonomy is an economy powered by the wealthy and characterised by growing disparities between the top 1 % of society and the rest. 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.
Citigroup plutonomy october 2005 pdf the first memo is dated october 16, 2005 35 pages and is titled. Michael moores leaked citibank plutonomy memo unsettling. For supported browsers, the file download behavior will depend on the default browser. 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. Aug 01, 2019 citigroup plutonomy memos pdf the world is dividing into two blocs the plutonomy and the rest. I tried to find a better article on citigroups disappearing plutonomy report than the personal blog linked above, but its just not out there. There are signs around the world that society is unhappy with plutonomy judging by how tight electoral races are. Mar, 2015 originally posted by chuckmann sorry i missed the beginning of this thread.
So citigroup did their duty and published two explosive memos, which should have become mainstream news, but eventually did not. I think in the nearly 2 years since written, the fissures i spoke about havecitigroup plutonomy report, part 1, oct 16, 2005. 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. The first memo is dated october 16, 2005 35 pages and is titled. 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 report part 1 oct 16, 2005 the world is dividing into two blocs the plutonomy and the rest. Buying luxury, explaining global imbalances, october 14, 2005. Citigroup plutonomy october 2005 pdf citigroup plutonomy october 2005 pdf download. Citigroup plutonomy memos pdf the world is dividing into two blocs the plutonomy and the rest. 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. 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.
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. 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. Oct 16, 2005 in 2009, and an average reduction in real cost of more files6674234 citigroup oct162005 plutonomy reportpart1. Nsa leaks paranormal the citigroup plutonomy memos. Ajay kapur, global strategist at citigroup, and his research.
Jan 24, 2011 michael moores leaked citibank plutonomy memo. 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. Two bombshell documents that citigroup s link to the second memo pdf called. The memo citigroup doesnt want you to see jobs now. 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. But there is as tom hickey says a button to download the pdf file, right at the top line of the document. Download all posts by politicalgates about the faked pregnancy as pdf document here. Aug 30, 2012 maybe im the last person whos hearing about the citigroup plutonomy memos, but theyre blowning me away. The term plutonomy first appeared in a memo sent by the global bank citigroup to its wealthiest clients. Oct 16, 2010 the citigroup plutonomy memos saturday, october 16, 2010 at 04.
Politicalgates is a blog with an educational, noncommercial purpose. 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. Among the topics for discussion is the threat of societies demanding a more equitable share of wealth. If you want to read the citigroup plutonomy memo which i highly. 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. Both reports were leaked and made available on the web. The brochure says, the world is dividing into two blocs the plutonomy and the rest. Citigroup attempts to disappear its plutonomy report. Leaked citigroup memo shows economic domination agenda of. Originally posted by chuckmann sorry i missed the beginning of this thread. As a result of this audit, we now know that the federal reserve provided.
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. 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. 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. 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. Also, new media dissemination technologies like internet downloading, cable and satellite tv, have. If plutonomy explains away many conundrums that our equity. Screenshots first citigroup memo, click on images to read them. Plutonomy definition of plutonomy by merriamwebster. 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. Jul 02, 2019 citigroup plutonomy report pdf the reports are available for the time being. 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.
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. Citigroups shocking plutonomy reports ht michael moore. Apr 19, 2020 there are signs around the world that society is unhappy with plutonomy judging by how tight electoral races are. Download all posts by politicalgates about the faked pregnancy as pdfdocument. All other trademarks are the property of their respective owners. Leaked citigroup memo shows economic domination agenda of the. 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.
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