Citi plutonomy memo pdf

The world is dividing into two blocs the plutonomy and the rest. Although they havent figured it out yet, this is really what the occupy movement is protesting. Buying luxury, explaining global imbalances download pdf first citigroup plutonomy report. The full report is available here marplutonomyreportleaked citigroup memo part1. Jun 24, 2011 plutonomy the citigroup plan for the megarich at cost to everyone else posted on june 24 2011 in september 2006 citigroup published a report which they have been trying to suppress ever since. Equity multiples appear too low, the profit share of gdp is high and likely going higher. 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. Plutonomy the citigroup plan for the megarich at cost to. Michael moore highlights a confidential report that citigroup initially circulated only to its wealthiest customers. Luckily for us, i have access to all manner of expunged primary source documents through bit torrent.

According to the citigroup experts, a plutonomic economy is driven by the consumption of the classes, not the masses. If it disappears from there, hunt for the filename citigroup oct162005 plutonomy reportpart1. The other citigroup plutonomy memo mentioned in michael moores movie is. Download all posts by politicalgates about the faked pregnancy as pdf. Nsa leaks paranormal the citigroup plutonomy memos. Citigroup plutonomy report part 1 oct 16, 2005 the world is dividing into two blocs the plutonomy and the rest. Nonus research analysts who have prepared this report, and who may. Two bombshell documents that citigroups lawyers try to suppress, describing in detail the rule of the first 1% politicalgates truth11 on december 29, 2011 that there also exists an additional third, shorter citigroup memo, dated september 29, 2006, which is being mentioned here. Realitybase readers know that i think this is in large part due to. Travelers was subsequently spun off from the company in 2002. Dec 01, 2011 people would probably get angry about it, except the second plutonomy report has been steadily disappearing from the interent since it leaked. Economists have shown increasing wealth has concentrated in hands of a few.

In october 16, 2005, citigroup came out with a brochure for investors called plutonomy. In september 2006 citigroup published a report which they files6674234citigroupoct162005 plutonomy reportpart1. Yes, they are real, and instead of being discussed on mainstream media outlets all over america and beyond, citigroup was surprisingly. Back in october, we coined the term plutonomythe global investigator, plutonomy.

A multinational decided to close down a profitable, functioning facility carrying out. Two bombshell documents that citigroup s link to the second memo pdf called. Citigroup wrote memos in 2005 and 2006 addressed to investors, basically saying that the world is dividing up more and more into a small. If it disappears from there, hunt for the filename citigroupoct162005 plutonomy reportpart1. John ruskin is quoted as having referred to plutonomy as a base or bastard science.

Citigroup research is a division of citigroup global markets. Internal citibank memo about the trending of the rich to get richer, the gap between rich and poor to increase and how they plan to replace our system of democracy with a plutocracy a term they coined and how they should capitalize on it. This tax table includes instructions for calculating withholding for payments. Economic growth that is powered and consumed by the wealthiest upper class of society. Buying luxury, explaining global imbalances urging investors to put money into a plutonomy basket here are my favorite excerpts. Both reports were leaked and made available on the web. Equity multiples appear too low, the profit share of. Citigroups shocking plutonomy reports ht michael moore. There are rich consumers, and there are the rest look up plutonomy in wiktionary, the free dictionary.

Michael moores leaked citibank plutonomy memo unsettling. 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. Citigroup research is a division of citigroup global markets inc. Maybe im the last person whos hearing about the citigroup plutonomy memos, but theyre blowning me away. Apr 21, 2019 it is a medical detective approach to identify and treat the rootcause of rare and unusual illness. The first memo is dated october 16, 2005 35 pages and is titled.

Heres citigroup plutonomy report part 2 in convenient. Fill in your details below or click an icon to log in. 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. The analysis itself is a mixed bag, but the bullet point. Aug 30, 2012 maybe im the last person whos hearing about the citigroup plutonomy memos, but theyre blowning me away. White collar criminologist william black dissects a 2005 citigroup memo intended for its wealthist clients that describes the us. Our thesis is that the rich are the dominant drivers of demand in many economies around the world the us, uk, canada andaustralia.

The other citigroup plutonomy memo mentioned in michael moores. Citigroup attempts to disappear its plutonomy report. This is a cause championed, generally, by leftwing politicians. Two bombshell documents that citigroup s lawyers try to suppress, describing in detail the rule of the first 1%. In researching this idea on a global level and looking for stock ideas we also. Citigroup plutonomy memos pdf the world is dividing into two blocs the plutonomy and the rest. Ajay kapur and his associates assert that world is getting divided into two blocs, namely, the plutonomy and the rest. Edward fullbrook has found and written about another citi plutonomy wquity. Citigroups second plutonomy report, titled revisiting plutonomy. Plutonomy entered the language as late as the 1850s in the work of john malcolm forbes ludlow. May 05, 2019 citi plutonomy memo pdf citigroup wrote memos in and addressed to investors, basically saying that the world is dividing up more and more into a small.

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. Global equity strategy september 29, 2006 the global investigator the plutonomy symposium rising tides lifting yachts time to recommit to plutonomy stocks binge on bling. There are rich consumers, and there are the rest a third threat comes from the potential social backlash. Citigroup secret memo claims america has become a plutonomy. Bill moyers signs off his last broadcast with an editorial discussion on why plutocracy and democracy dont mix. It urged investors to put money into a plutonomy index.

We think this income and wealth inequality plutonomy helps. Continental europe exitaly and stratevy are in the egalitarian bloc. Apr 18, 2010 this citigroup memo 6674229citigroupmar52006 plutonomy reportpart211 is worth reading and perhaps would be good as a class reading assignment. 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. The brochure says, the world is dividing into two blocs the plutonomy and the rest. In 2005, citigroup came out with a brochure for investors called plutonomy. The company was formed by the merger of banking giant citicorp and financial conglomerate travelers group in 1998. Citibank leaked memo plutonomy pdf in, citigroup came out with a brochure for investors called plutonomy. Politicalgates bears no responsibility for comments. The plutonomy symposium rising tides lifting yachts plutonomy update. Citigroup plutonomy report pdf the reports are available for the time being.

Two bombshell documents that citigroups lawyers try to suppress, describing in detail the rule of the first 1%. Update on tuesday, april 30, at the march plutonomy memo, quoted above, has been taken down from the linked site at the request of citi. The global wealth report which boston consulting group bcg published in june. All contributors at politicalgates are individually responsible for their posts, and all contributors express their individual opinions in their posts. In this book, he shows a strong longterm trend toward more concentrated income and wealth. Check out plutonomy by christian hornbostel on amazon music. Buying luxury, explaining global imbalances by ajay kapur, niall macleod and narendra singh. Politicalgates is a blog with an educational, noncommercial purpose. Moving on, its a rather long document with second and third companion memo s. But there is as tom hickey says a button to download the pdf file, right at the top line of the document. Eight years after kapur and his team developed and published their plutonomy thesis, the french economist thomas piketty achieved worldwide prominence with his book capital in the twentyfirst century.

As global strategists, this got us thinking about how to buy stocks based on this plutonomy thesis, and the subsequent thesis that it will gather strength and amass breadth. 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. In september 2006 citigroup published a report which they files6674234 citigroup oct162005 plutonomy reportpart1. Apr 07, 2019 coldfire 5272 manual filetype pdf uclinux cdrom, the text and graphics used in this manual, its cover, cdrom artwork. Personal growth citigroup plutonomy memo pdf admin april 28, 2019 no comments. The citizens in the plutonomies are expected to swallow citgroup bitter pill. Citigroup analysts have also used the word plutonomy to describe economies where economic growth is powered by and largely consumed by the wealthy few. The full report is available here marplutonomyreportleaked citigroup memo.

Maybe im the last person whos hearing about the citigroup plutonomy. Thats the question people usually ask when they hear for the first time of the citigroup plutonomy memos. Reader comments 1 searching for the citigroup reports. Citi plutonomy memo pdf citigroup wrote memos in and addressed to investors, basically saying that the world is dividing up more and more into a small. Internal citibank memo about the trending of the rich to get richer, the gap between rich and poor to increase and how they plan to replace our system of democracy with a. In a report called the plutonomy symposium rising tides lifting yachts, ajay kapur, citigroups global strategist, says the balance sheets of the rich are in great shape, and will get much better, which is why he recommends going out and buying stocks of companies that cater to that very select market. America, britain and canada are the key plutonomies, powered mainly by the wealthy. Well, it could be the above quote from memo 1 a point made several times throughout the documentexplicitly linking the trend of growing income inequality to the stuff neoliberal politicians are always trying to push on governments. Heres a leaked memo that citibank sent to its top investors in 2005. While i researched the subject, i discovered that there also exists an additional third, shorter citigroup memo. Its almost a year since we made up the word plutonomy.

Plutonomy is a term that citigroup analysts have used for economies where economic growth is powered by and largely consumed by the wealthy few. 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. The term plutonomy first appeared in a memo sent by the global bank citigroup to its wealthiest clients. So citigroup did their duty and published two explosive memos, which should have become mainstream news, but eventually did not. The memo citigroup doesnt want you to see jobs now.

If plutonomy explains away many conundrums that our equity. Kapur estimates that in 2005, the richest 20 may have been. Plutonomy refers to a society where the majority of. Plutonomy definition of plutonomy by the free dictionary. Citigroup plutonomy memos pdf united pdf comunication.

Citigroup wrote memos in 2005 and 2006 addressed to investors, basically saying that the. Plutonomy is the science of production and distribution of wealth. People would probably get angry about it, except the second plutonomy report has been steadily disappearing from the interent since it leaked. 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. Leaked citigroup memo shows economic domination agenda of the. The march 2005 plutonomy memo, quoted above, has been taken. 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. The term plutonomy is derived from, plutus, the greek god of wealth. Citigroups shocking plutonomy reports democratic underground. Mar 30, 2019 ato weekly tax table 2012 pdf for payments made in the and income years. Buying luxury, explaining global imbalances, october 14 2005.

Citigroup analysts have also used the word plutonomy to describe economies where. May 11, 2010 heres a leaked memo that citibank sent to its top investors in 2005. Ajay kapur, global strategist at citigroup, and his research team came up with the term plutonomy in to describe a country that is defined. Apr 28, 2019 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. The leaked 2006 citigroup plutonomy memo part 1 my internet connection is nearly nonexistent so im posting this incomplete document as an info dump. Jul 04, 2019 citibank leaked memo plutonomy pdf in, citigroup came out with a brochure for investors called plutonomy. A love story showing a secret memo put out by citigroup to its top investors telling them america has now become a plutonomy working for the very rich and the only. Jul 10, 2019 citigroup equity strategy plutonomy pdf 1. 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. A few months ago i wrote in this blog that the uk is turning into a plutonomy.