A love story showing a secret memo put out by citigroup to its top investors telling them america has now become a. 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. Ajay kapur, global strategist at citigroup, and his research. The citigroup plutonomy memos saturday, october 16, 2010 at 04. Leaked memo suggests rudd was told of targets bbc news.
Plutonomy is the science of production and distribution of wealth. Travelers was subsequently spun off from the company in 2002. The memo citigroup doesnt want you to see jobs now. There are rich consumers, and there are the rest look up plutonomy in wiktionary, the free dictionary.
Hear from citi leaders, employees and partners about how were enabling growth and economic progress for our clients and communities around the world. It shows that the rich in the us continue to be in great shape. Michael moores leaked citibank plutonomy memo unsettling. Water privatization by the richest rich is happening now hydraulic empire incl. But there is as tom hickey says a button to download the pdf file, right at the top line of the document. Realitybase readers know that i think this is in large part due to. Democratic response to nunes memo leaked to nbc news added on sunday, february 4, 2018 sharon rondeau she has reported prolifically on constitutional violations within tennessees prison and. Both reports were leaked and made available on the web.
Internal memo reveals trump campaigns mounting fury with. 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. 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. Aug 24, 20 globalization is a prime driver of plutonomy, according to the third leaked citigroup plutonomy memo linked at the end. Apr 19, 2020 there are signs around the world that society is unhappy with plutonomy judging by how tight electoral races are.
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. Thought some might like to have the actual memo to read for themselves. And of course, anybody who brings up the political agenda of groups such as mont pelerin or documents such the powel memo or the one above is made out to be a lunatic. In october 16, 2005, citigroup came out with a brochure for investors called. Nsa leaks paranormal the citigroup plutonomy memos. But the fact that plutonomy as a realworld political phenomenon is conceptually driven, rather than merely an historical accident, emerged to public view in 2005 when the first of three citigroup documents prepared for its wealthiest clients were leaked.
Plutonomy the citigroup plan for the megarich at cost to everyone else. Citigroup plutonomy report pdf the reports are available for the time being. Citigroups lawyers after they posted a download link to a copy of one of. Leaked citigroup memo shows economic domination agenda of the. Buying luxury, explaining global imbalances, october 14 2005. A few years ago, two copies of these memos were leaked and were. Citigroups shocking plutonomy reports ht michael moore. Yahoo ceo scott thompson just sent this email to yahoo employees, about a new leadership organization for the company. There are signs around the world that society is unhappy with plutonomy judging by how tight electoral races are. We thought this was a good time to bang the drum on plutonomy. But there is as tom hickey says a button to download the pdf file, right at the top line of the.
Back in october, we coined the term plutonomythe global investigator, plutonomy. Oct 31, 2009 leaked citigroup memo shows economic domination agenda of the top 1% wealthiest. Ever since they were leaked to the internet a few years back, citigroup has been trying desperately to hide these memos from the public. Democratic response to nunes memo leaked to nbc news the. Maybe im the last person whos hearing about the citigroup plutonomy memos, but theyre blowning me away. Jul 04, 2019 citibank leaked memo plutonomy pdf in, citigroup came out with a brochure for investors called plutonomy. People would probably get angry about it, except the second plutonomy report has been steadily disappearing from the interent since it leaked.
Citigroup plutonomy memos pdf united pdf comunication. Jan 24, 2011 michael moores leaked citibank plutonomy memo. 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. Leaked citigroup memo corporation, government, bailout. Leaked citigroup memo corporation, government, bailout, economy economics page 12 citydata forum. Economic growth that is powered and consumed by the wealthiest upper class of. Citigroup plutonomy report part 1 oct 16, 2005 the world is dividing into two blocs the plutonomy and the rest. 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. Citigroup attempts to disappear its plutonomy report.
The memo from a senior campaign adviser revealed the mounting frustrations among the billionaires top aides as they closed what had been a tumultuous week. The history of plutonomys conceptual development remains clouded in secrecy. Citigroup research is a division of citigroup global markets inc. While richman told cnn no memo was given to me that was marked classified, and james comey told congressional investigators he tried to write it in such a way that i dont include anything that would trigger a classification, it appears the fbis chief foia officer disagrees. Heres citigroup plutonomy report part 2 in convenient. Democratic response to nunes memo leaked to nbc news. 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. Citigroup owns citicorp, the holding company for citibank, as well. The other citigroup plutonomy memo mentioned in michael moores movie is. In september 2006 citigroup published a report which they files6674234 citigroup oct162005 plutonomy reportpart1.
A senior facebook executive has defended a leaked internal memo in which he appeared to endorse corporate growth even if it came at the expense. Msci ac world index, understanding how the plutonomy impacts consumption is key for equity market participants. 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. Citigroups shocking plutonomy reports democratic underground. White collar criminologist william black dissects a 2005 citigroup memo intended for its wealthist clients that describes the us. This is despite her previously telling mps that we dont have targets for removals. T he memos written by former fbi director james comey that were delivered to congress by the justice department on thursday have been leaked the memos were obtained by the washington examiner. The guardian has now published a leaked memo suggesting she was told of immigration removal targets. Originally posted by chuckmann sorry i missed the beginning of this thread. Our thesis is that the rich are the dominant drivers of demand in many economies around the world the us, uk, canada andaustralia. 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 22, 2019 citigroup equity strategy plutonomy pdf 1. Download all posts by politicalgates about the faked pregnancy as pdfdocument here.
While i researched the subject, i discovered that there also exists an additional third, shorter citigroup memo, dated september 29, 2006. Jun 24, 2011 in september 2006 citigroup published a report which they have been trying to suppress ever since. Plutonomy the citigroup plan for the megarich at cost. Jennifer palmieri, president, and navin nayak, executive director, center for american progress action fund re. The author makes a call to embrace ideological diversity over gender and racial diversity. The company was formed by the merger of banking giant citicorp and financial conglomerate travelers group in 1998. And as we do, i want every one of us to keep one thing top of mind. Plutonomy the citigroup plan for the megarich at cost to.
Citibank leaked memo plutonomy pdf in, citigroup came out with a brochure for investors called plutonomy. 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 march 2005 plutonomy memo, quoted above, has been taken. 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 1% are ripping the shit out of us the world economic circuit. 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. Old news, but not enough people know it this is old news, but old news that most people. Screenshots first citigroup memo, click on images to read them. Mar, 2015 originally posted by chuckmann sorry i missed the beginning of this thread. You got to admire the cluelessness of people who deny the down and praise the up as if gravity had nothing to do with it.
Two bombshell documents that citigroup s 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. Two bombshell documents that citigroups lawyers try to suppress, describing in detail the rule of the first 1%. Citigroups second plutonomy report, titled revisiting plutonomy. Michael moore highlights a confidential report that citigroup initially circulated only to its wealthiest customers. Democratic response to nunes memo leaked to nbc news added on sunday, february 4, 2018 sharon rondeau she has reported prolifically on constitutional violations within tennessees prison and judicial systems. Google engineer tries to justify pay gap in leaked memo. Heres a leaked memo that citibank sent to its top investors in 2005. Two bombshell documents that citigroups link to the second memo pdf called.
Leaked memo confirms what we already knew about democrats and illegal immigration. Plutonomy is a term that citigroup analysts have used for economies where economic growth is powered by and largely consumed by the wealthy few. 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. Luckily for us, i have access to all manner of expunged primary source documents through bit torrent. If it disappears from there, hunt for the filename citigroup oct162005 plutonomy reportpart1. Below, some of the leaked memos most controversial statements. We think this income and wealth inequality plutonomy helps explain many of.
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 analysts have also used the word plutonomy to describe economies where economic. 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. Citigroup secret memo claims america has become a plutonomy. Moving on, its a rather long document with second and third companion memos.
Two bombshell documents that citigroup s lawyers try to suppress, describing in detail the rule of the first 1%. Leaked memo confirms what we already knew about democrats. Download all posts by politicalgates about the faked pregnancy as pdfdocument. Facebook executive defends leaked memo saying growth is. The latest survey of consumer finance data released friday 24th of february. If plutonomy explains away many conundrums that our equity. Leaked citigroup memo shows economic domination agenda of. 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. In september 2006 citigroup published a report which they files6674234citigroupoct162005plutonomyreportpart1. Citigroup plutonomy october 2005 pdf citigroup plutonomy october 2005 pdf download. Aug 30, 2012 maybe im the last person whos hearing about the citigroup plutonomy memos, but theyre blowning me away. Oct 16, 2010 the citigroup plutonomy memos saturday, october 16, 2010 at 04. Google engineer tries to explain away the gender pay gap in leaked antidiversity memo.
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