Back in 2005, ajay kapurthen cfa of citigroupproduced this industry note describing investor and consumer behavior in economies where a very small portion of the population controls a very large portion of. Two bombshell documents that citigroup s link to the second memo pdf called. Our thesis is that the rich are the dominant drivers of demand in many economies around the. My youngest, sydney, was having the hardest time because frankly she is a social explosion waiting to happen. Part i of a two part series discussing the us errors that paper money guaranty pmg will recognize, grade and encapsulate. Where can i find a copy of the original unedited citigroup plutocracy report as mentioned by michael moore in capitalisim. At the meeting, the flec, chaired by secretary lew, added the department of the interior as its newest member to build connections that support financial education for native americans and their communities. Our house had been under a quarantine since saturday the 14 th and my wife and daughters were learning a new normal of home schooling. Back in october, we coined the term plutonomy the global investigator, plutonomy. Citigroup memo predicted ows movement over half a decade. My money list monthly take home pay monthly spending subtract savings take home pay total spending my money list. Its laughable to make that tenuous argument based on the language in the memo. In, citigroup came out with a brochure for investors called plutonomy.
There are rich consumers, and there are the rest a third threat comes from the potential social backlash. Buying luxury, explaining global imbalances, october 14, 2005. Document number ciardp77m00144r0003000200163 declassified and released through the cias crest database. This being said and all disclaimers aside, shame on you people who are spreading fake news around on this site, even after being called out by other members that what you are claiming is obviously not true based on the actual evidence. By far the biggest change for new users is the introduction of the speedify free tier. It syncs with all my accountscredit cards, and the mobile app is. 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. Back in october, we coined the term plutonomythe global investigator, plutonomy.
Citigroup research is a division of citigroup global markets inc. Debifo is the first company in lithuania to start offering invoice financing to lithuanias small and mediumsized businesses that lack working capital but have unpaid invoices issued to large and creditworthy companies. Maybe im the last person whos hearing about the citigroup plutonomy memos, but theyre blowning me away. However, citigroup seems to have been successful in preventing a wider discussion about the memos, due to their legal actions. Buying luxury, explaining global imbalances, october 14 2005. Thats the theme of the ecommerce companys super bowl commercial, which is set to air during the first quarter of. 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. Bue, circle the number of pennies to equal a nickel. Repo rate patterns for new treasury notes frank keane despite the enormous popularity of the market for repurchase agreements, the behavior of interest rates on repo transactions is not well understood. A critical note on fractionalreserve free banking mises. The history of plutonomys conceptual development remains clouded in secrecy. Blockchainbased digital wallets could give owners control over their digital identity in a way that would eliminate the business silo systems of today. An analysis of new data for 199295 reveals that repo rates on recently issued treasury notes rise and fall in a regular.
It shows that the rich in the us continue to be in great shape. Citigroup plutonomy memos pdf the world is dividing into two blocs the plutonomy and the rest. Citigroups shocking plutonomy reports ht michael moore. Try disabling any ad blockers and refreshing this page. A note to the subscribers of left and right informing them of the special 1968 harry barnespearl harbor doublelength issue. This month, the department of the treasury hosted the last public meeting of the year of the financial literacy education commission flec. In my surprisingly arduous attempt to find 2007 revenue figures for citigroup yesterday, i ran across something called the plutonomy report. Users link their bank accounts with the app, which then tracks their purchases and provides ways to record, categorize, and analyze those purchases.
A multinational decided to close down a profitable, functioning facility carrying out some hightech manufacturing. Fill in your details below or click an icon to log in. Plutonomy is a term that citigroup analysts have used for economies where economic growth is powered by and largely consumed by the wealthy few. Mint personal finance app updated, brings numerous. Economic growth that is powered and consumed by the wealthiest upper class of. Nsa leaks paranormal the citigroup plutonomy memos. Citigroup has revealed that over 360,000 accounts were compromised in the recent attack against its citi account online system, more than it was initially estimated. Previously available only on four computers located. 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. 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. To me, free elections do not seem to be compatible with a plutonomy.
We thought this was a good time to bang the drum on plutonomy. The analysts use the term robberbaron economies and conclude that a potential social backlash is possible. Citigroup plutonomy october 2005 pdf the first memo is dated october 16, 2005 35 pages and is titled. Moving on, its a rather long document with second and third companion memos. Stop with the fake news around the comey memo, page 1. Where can i find a copy of the citigroup plutocracy report. Were excited for even more of you to finally see how speedify can be a lifesaver, whether youre at home, work, or ontheroad. 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. Fighting their way to the top of the market, in less than one year. But the 1% seem to try to take care of this problem. Zombies are controlled both mentally and physically by some outside force, whether through a virus causing them to seek blood, or voodoo magic. Leaked citigroup memo corporation, government, bailout. Download all posts by politicalgates about the faked pregnancy as pdfdocument. The latest survey of consumer finance data released friday 24th of february.
Citigroup analysts have also used the word plutonomy to describe economies where economic growth is powered by and largely consumed by the wealthy few. Two bombshell documents that citigroup s lawyers try to suppress, describing in detail the rule of the first 1%. Both reports were leaked and made available on the web. Ive realized some things have changed with our growing family and over the past couple years ive put a focus on improving our cash flow. For as long as i can remember, ive been using mint to manage my personal finances. Perhaps one reason that societies allow plutonomy, is because enough of the electorate believe they have a chance of becoming a plutoparticipant. 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 ultra. Its been 2 years since i last showed a snapshot of our monthly cash flow. 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 association. Pluto is a robust, free mobile app, currently available exclusively for ios devices but currently in development for android devices as well.
There are rich consumers, and there are the rest look up plutonomy in wiktionary, the free dictionary. Plutonomy only works if the members of a society have the impression that they can still participate, despite the harsh inequalities, that they can join it. Now, when you sign up for the speedify free tier, you get 1 gb each and every month absolutely free. The political economy of bubbles realworld economics. Spending by the uberrich overwhelms that of the average consumer and helps. A love story, ajay kapur, then citigroups chief global equities strategist, says this. The memo then outlines secretary lews visions and goals for the future of the treasury department. Citigroup plutonomy memos pdf united pdf comunication. Ows a third threat comes from the potential social backlash. By the way, if anyone has difficulty with adobe pdf, i have been using an open source pdf reader called sumatra.
To be a zombie is to exist under the most onerous bonds of slaverybonds that allow for no thought to ones action. 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. One of the most recent developments in the baltic alternative finance market is invoice financing. Citigroup plutonomy report part 1 oct 16, 2005 the world is dividing into two blocs the plutonomy and the rest. 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. This needs to stop, as every american and every citizen in the western world needs to know what people like the analysts of citigroup really think about the inequalities which exist within the societies, how the rich should preserve their domination, and what possible. Leaked citigroup memo shows economic domination agenda of. John ruskin is quoted as having referred to plutonomy as a base or bastard science. Plutonomy entered the language as late as the 1850s in the work of john malcolm forbes ludlow. The other citigroup plutonomy memo mentioned in michael moores movie is. Paypal heralds the age of new money in its first super. Citigroup plutonomy october 2005 pdf citigroup plutonomy october 2005 pdf download. More accounts exposed in citigroup hack than originally.
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