Respect other views and opinions, and keep an open. The plutonomy symposium rising tides lifting yachts im nothing compared to s abner doon when it comes to finance but if the following documents from citigroup are real then here is proof from 2005 that citigroup and possibly others knew the financial meltdown and housing crisis that came in 2007 and 2008 was on its way soon. Back in october, we coined the term plutonomy the global investigator, plutonomy. Citigroup plutonomy report pdf the reports are available for the time being. The world is dividing into two blocs the plutonomy and the rest. Heres citigroup plutonomy report part 2 in convenient. 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 brochure says, the world is dividing into two blocs the plutonomy and the rest. In one of the two memos made famous in michael moores film capitalism. Citigroup wrote memos in 2005 and 2006 addressed to investors, basically saying that the. People would probably get angry about it, except the second plutonomy report has been steadily disappearing from the interent since it leaked. Nsa leaks paranormal the citigroup plutonomy 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. Look up plutonomy in wiktionary, the free dictionary.
Citigroup analysts have also used the word plutonomy to describe economies where economic growth is powered by and. Buying luxury, explaining global imbalances by ajay kapur, niall macleod and narendra singh. By the way, if anyone has difficulty with adobe pdf, i have been using an open source pdf reader called sumatra. 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. The nations top 1% of households own more than half the nations stocks, according to the federal reserve. Yes, they are real, and instead of being discussed on mainstream media outlets all over america and beyond, citigroup. Plutonomy is the science of production and distribution of wealth. The circumstance that they were set free by the machinery from.
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. Two bombshell documents that citigroup s 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. The effects of the us plutonomy on the relationship between capitalists and labor. Citigroup went to great length to suppress the reports distribution on the web.
Citigroups shocking plutonomy reports ht michael moore. Citigroup plutonomy report part 1 oct 16, 2005 the world is dividing into two blocs the plutonomy and the rest. In the october 2005 note, the analysts said that plutonomies have occurred. Citigroup wrote memos in 2005 and 2006 addressed to investors. It urged investors to put money into a plutonomy index. Both reports were leaked and made available on the web. If plutonomy explains away many conundrums that our equity. If it disappears from there, hunt for the filename citigroup oct162005 plutonomy reportpart1. Citigroup research is a division of citigroup global markets inc.
Citigroups second plutonomy report, titled revisiting plutonomy. In 2005, citigroup came out with a brochure for investors called plutonomy. And todays plutonomy, an economy fueled by the spending of the relatively few people who guaranteed that luxury brands did best during the recession. Thats the question people usually ask when they hear for the first time of the citigroup plutonomy memos. Equity multiples appear too low, the profit share of. A love story, ajay kapur, then citigroup s chief global equities strategist, says this. This article offers a study on the plutonomy of the 1% and what their. Citigroup investment research and global equity strategy. Two bombshell documents that citigroup s lawyers try to suppress, describing in detail the rule of the first 1%. Plutonomy refers to a society where the majority of. Buying luxury, explaining global imbalances, october 14, 2005. This is a forum for free thinking, not hate speech.
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. Rich kids, plutonomy, and income inequality in the 21st. The plutonomy symposium rising tides lifting yachts. For the general population, the 99% in the imagery of the occupy movement, its been pretty harsh and it could get worse. The other citigroup plutonomy memo mentioned in michael moores movie is. None are more hopelessly enslaved than those who falsely believe they are free. We think this income and wealth inequality plutonomy helps explain many of the conundrums that vex equity investors. Citigroup plutonomy memos pdf united pdf comunication. The first known use of the term in english dates from 1631. Plutonomy refers to a society where the majority of the wealth is controlled by an evershrinking.
Two bombshell documents that citigroup s link to the second memo pdf called. Its well known that the rich have an outsized influence on the economy. 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 plutonomy of the 1% the bichler and nitzan archives. Maybe im the last person whos hearing about the citigroup plutonomy memos, but theyre blowning me away. The other citigroup plutonomy memo mentioned in michael moores. Rich kids of instagram the spoils of income inequality. Michael moore highlights a confidential report that citigroup initially circulated only to its wealthiest customers. Citibank leaked memo plutonomy pdf in, citigroup came out with a brochure for investors called plutonomy. So, dont give too much credit to the puffed up hacks at citigroup. Global the plutonomy symposium rising tides lifting yachts 7. Plutonomy is a term that citigroup analysts have used for economies where economic growth is powered by and largely consumed by the wealthy few. Economic growth that is powered and consumed by the wealthiest upper class of society. Every picture showed how the wealthiest enjoyed spending their money and the many adventures brought on by the good ol american dream.