Among the topics for discussion is the threat of societies demanding a more equitable share of wealth. 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 other citigroup plutonomy memo mentioned in michael moores movie is. 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.
Although they havent figured it out yet, this is really what the occupy movement is protesting. In september 2006 citigroup published a report which they files6674234citigroupoct162005plutonomyreportpart1. Click here for items related to citigroup citigroup inc. Ows a third threat comes from the potential social backlash. Travelers was subsequently spun off from the company in 2002. Mar 24, 2020 citibank leaked memo plutonomy pdf in, citigroup came out with a brochure for investors called plutonomy. 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. Ajay kapur, global strategist at citigroup, and his research. Michael moore highlights a confidential report that citigroup initially circulated only to its wealthiest customers. Citigroup owns citicorp, the holding company for citibank, as well. Greta thunberg is the propagandist of geophysical warfare. Even more, as a leaked citigroup memo if it isnt a hoax noted, there is a plutonomy referring to the habits of rich consumers, rather than the rest, the nonrich, the multitudinous many which is driven by ongoing technologybiotechnology revolutioncapitalistfriendly governments and tax regimesgreater financial. C or citi is an american multinational financial services corporation headquartered in manhattan, new york city, new york, united states.
Citigroups shocking plutonomy reports ht michael moore. Heres citigroup plutonomy report part 2 in convenient. In researching this idea on a global level and looking for stock ideas we also. Ever since they were leaked to the internet a few years back, citigroup has been trying desperately to hide these memos from the public. Michael moores leaked citibank plutonomy memo unsettling. Leaked citigroup memo shows economic domination agenda of the top 1% wealthiest, page 1. We thought this was a good time to bang the drum on plutonomy. 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. 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. Leaked citigroup memo corporation, government, bailout. 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.
Buying luxury, explaining global imbalances, october 14 2005. May 03, 2019 citibank memo plutonomy pdf are they real. Lawyers for bat, addison yeaman for brown and williamson. 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. 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. In september 2006 citigroup published a report which they files6674234 citigroup oct162005 plutonomy reportpart1. Citigroup memo predicted ows movement over half a decade ago. Jun 24, 2011 in september 2006 citigroup published a report which they have been trying to suppress ever since. The march 2005 plutonomy memo, quoted above, has been taken. Mar, 2015 originally posted by chuckmann sorry i missed the beginning of this thread. Two bombshell documents that citigroup s lawyers try to suppress, describing in detail the rule of the first 1%. Plutonomy memos leaked from citigroup and posted on the internet in 2006. We think this income and wealth inequality plutonomy helps explain many of the conundrums that vex equity investors.
Nsa leaks paranormal the citigroup plutonomy 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. Perhaps one reason that societies allow plutonomy, is because enough of the electorate believe they. Yes, they are real, and instead of being discussed on mainstream media outlets all over america and beyond. In 2006, citigroups analysis section circulated among the privileged and elite, an internal memo describing the state of the economy as may benefit and harm the continued establishment of a plutonomic state, or plutonomy, which is a state or economy driven and owned by said elite. 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. Old news, but not enough people know it this is old news, but old news that most people. The citigroup plutonomy memos saturday, october 16, 2010 at 04.
White collar criminologist william black dissects a 2005 citigroup memo intended for its wealthist clients that describes the us. 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. Means of implementation and global partnership for sustainable development, 2124 apr 2015. Sir charles ellis, scientific advisor to the board british american tobacco bat, 1962 smoking is a habit of addiction nicotine is a very fine drug. The latest survey of consumer finance data was released it shows that the rich in the u. Citibank leaked memo plutonomy pdf in, citigroup came out with a brochure for investors called plutonomy. 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. Our thesis is that the rich are the dominant drivers of demand in many economies around the world the us, uk, canada andaustralia. Realitybase readers know that i think this is in large part due to. Aug 12, 2010 in the must read, october 26th, 2005 leaked citigroup memo, titled equity strategy, plutonomy, buying luxury, global imbalances the fear of a potential backlash against the plutocracy is discussed at length. The memo citigroup doesnt want you to see jobs now. Leaked citigroup memo corporation, government, bailout, economy economics page 12 citydata forum.
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. 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. Proving theyre not just a onehitwonder, the citigroup analysts are at it again. In a leaked report for their investor clients from 2005, a team of global strategists at citigroup wrote an analysis of the global distribution of income and wealth and what the implications for investment are. 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. In the october 2005 note, the analysts said that plutonomies have occurred. Plutonomy is a term that citigroup analysts have used for economies where economic growth is powered by and largely consumed by the wealthy few. Globalization is a prime driver of plutonomy, according to the third leaked citigroup plutonomy memo linked at the end. 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. But there is as tom hickey says a button to download the pdf file, right at the top line of the document.
Oct 30, 2019 citigroup plutonomy report pdf the reports are available for the time being. Citigroup plutonomy memos pdf united pdf comunication. It shows that the rich in the us continue to be in great shape. We think this income and wealth inequality plutonomy helps explain many of. There are rich consumers, and there are the rest look up plutonomy in wiktionary, the free dictionary. Citigroup research is a division of citigroup global markets inc. Citigroup owns citicorp, the holding company for citibank, as. The 1% are ripping the shit out of us the world economic circuit.
Oct 31, 2009 leaked citigroup memo shows economic domination agenda of the top 1% wealthiest. Apr 19, 2020 citibank memo plutonomy pdf are they real. Oct 16, 2010 the citigroup plutonomy memos saturday, october 16, 2010 at 04. If it disappears from there, hunt for the filename citigroupoct162005plutonomyreportpart1. 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. 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. Youth, education and culture sustainable development. Thought some might like to have the actual memo to read for themselves. Oct 22, 2019 citigroup equity strategy plutonomy pdf 1.
Other times, the template has been printed on top of existing documents such as the full text of the national defense authorization act or citigroups leaked memo on the plutonomy symposium. Several years ago, two leaked memos on equity strategy by citigroup described plainly this politicoeconomic fact. Citigroup now owns citicorp, the holding company for citibank, as. Plutonomy is the science of production and distribution of wealth. The other citigroup plutonomy memo mentioned in michael moores. Promoting equality, including social equity, gender. Plutonomy definition of plutonomy by merriamwebster. In the must read, october 26th, 2005 leaked citigroup memo, titled equity strategy, plutonomy, buying luxury, global imbalances the fear of a potential backlash against the plutocracy is discussed at length.
Citigroup attempts to disappear its plutonomy report. Buying luxury, explaining global imbalances by ajay kapur, niall macleod and narendra singh. Back in october, we coined the term plutonomythe global investigator, plutonomy. Aug 30, 2012 maybe im the last person whos hearing about the citigroup plutonomy memos, but theyre blowning me away. Both reports were leaked and made available on the web. Maybe im the last person whos hearing about the citigroup plutonomy memos, but theyre blowning me away. Leaked citibank memo plutonomy pdf plutonomy is a term that citigroup analysts have used for economies where economic growth is powered by and largely consumed by the wealthy few. Anyone making a tiny tent can insert their own message, either by writing on the sides or attaching makeshift signs of paper and toothpicks.
Apr 18, 2010 this citigroup memo 6674229 citigroup mar52006 plutonomy reportpart211 is worth reading and perhaps would be good as a class reading assignment. Luckily for us, i have access to all manner of expunged primary source documents through bit torrent. Heres a leaked memo that citibank sent to its top investors in 2005. Citigroup analysts have also used the word plutonomy to describe economies where economic. Citigroup was formed from one of the worlds largest mergers in history by combining the banking giant citicorp and financial conglomerate travelers group on april 7, 1998. Plutonomy definition is political economy, economics. The company was formed by the merger of banking giant citicorp and financial conglomerate travelers group in 1998. Citigroup plutonomy report part 1 oct 16, 2005 the world is dividing into two blocs the plutonomy and the rest. To use rawlsian analysis, the invisible hand stops working. Concentration of wealth and spending in the hands of a few, probably has its limits. The latest survey of consumer finance data released friday 24th of february. Open your eyes october 26th, 2005 leaked citigroup memo. Citigroups shocking plutonomy reports democratic underground.
Citigroup secret memo claims america has become a plutonomy. Two bombshell documents that citigroups link to the second memo pdf called. Thats the question people usually ask when they hear for the first time of the citigroup plutonomy memos. May 11, 2010 heres a leaked memo that citibank sent to its top investors in 2005. Economic growth that is powered and consumed by the wealthiest upper class of. Leaked citigroup memo shows economic domination agenda of the. If it disappears from there, hunt for the filename citigroup oct162005 plutonomy reportpart1. 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. 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. Yes, they are real, and instead of being discussed on mainstream media outlets all over america and beyond, citigroup.
Plutonomy the citigroup plan for the megarich at cost to. Citigroup global strategist ajay kapur noted, the plutonomy is here, is going to get stronger, its membership is swelling, and while the. Leaked citibank memo the plutonomy symposium rising tides lifting yachts. Not to be confused with cit group, another large financial services company.
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