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 world is dividing into two blocs the plutonomy and the rest. Its willingness to write so honestly about our neoliberal capitalism, it is interesting and worthy. Secret citibank memo that was leaked godlike productions. Plutonomy is the science of production and distribution of wealth. The latest survey of consumer finance data released friday 24th of february.
Being directed to the top wealthiest, this document calling our system a plutocracy could arguably be viewed as more official than a white house press release. Citigroups shocking plutonomy reports ht michael moore. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this rep ort. Download all posts by politicalgates about the faked pregnancy as pdf document. 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 down from the linked site at the request of citi. Citigroup embroiled in bond selling scandal business. Citigroup owns citicorp, the holding company for citibank, as well. Citigroup analysts have also used the word plutonomy to describe economies where economic growth is powered by and largely. May 20, 2016 in a may 12 memo seen by ifr, citigroup said it had declined a request from jefferies, an investment bank, to back lending club after ceo renaud laplanche resigned three days earlier. It is still available here, but for how much longer. In, citigroup came out with a brochure for investors called plutonomy. Citigroup s second plutonomy report, titled revisiting plutonomy.
Oct 16, 2010 the march 2005 plutonomy memo, quoted above, has been taken down from the linked site at the request of citi. Citigroups second plutonomy report, titled revisiting plutonomy. Oct 19, 2019 leaked citibank memo plutonomy pdf october 19, 2019 admin business plutonomy is a term that citigroup analysts have used for economies where economic growth is powered by and largely consumed by the wealthy few. There are rich consumers, and there are the rest look up plutonomy in wiktionary, the free dictionary. Aug 30, 2012 maybe im the last person whos hearing about the citigroup plutonomy memos, but theyre blowning me away. Maybe im the last person whos hearing about the citigroup plutonomy memos, but theyre blowning me away. So citigroup did their duty and published two explosive memos, which should have become mainstream news, but eventually did not. Aug 01, 2019 ajay kapur, global strategist at citigroup, and his research team came up with the term plutonomy in to describe a country that is defined. This is a forum for free thinking, not hate speech. Perhaps one reason that societies allow plutonomy, is because enough of the electorate believe they have a chance of becoming a plutoparticipant. The full report is available here marplutonomyreportleakedcitigroupmemopart1. Leaked citigroup memo shows economic domination agenda of the top 1% wealthiest, page 1. Feb 01, 2005 a leaked memo, purportedly written before a controversial bond trade last year, piled embarrassment on to us financial giant citigroup today.
Equity risk premium embedded in global imbalances are unwarranted. Ever since they were leaked to the internet a few years back, citigroup has been trying desperately to hide these memos from the public. Oct 31, 2009 a blast from 2005, i cant believe a search here at ats turned up no results. May 11, 2010 heres a leaked memo that citibank sent to its top investors in 2005.
The other citigroup plutonomy memo mentioned in michael moores movie is. Citigroup embroiled in bond selling scandal business the. Two bombshell documents that citigroup s link to the second memo pdf called. Both reports were leaked and made available on the web. Economic growth that is powered and consumed by the wealthiest upper class of. In a may 12 memo seen by ifr, citigroup said it had declined a request from jefferies, an investment bank, to back lending club after ceo renaud laplanche resigned three days earlier. May 06, 2020 ajay kapur, global strategist at citigroup, and his research team came up with the term plutonomy in to describe a country that is defined. 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. Citigroup memo predicted ows movement over half a decade ago. Apr 19, 2020 citibank memo plutonomy pdf are they real. The full report is available here marplutonomyreport leaked citigroup memo part1. 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. 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. The internal citigroup memo outlined ways to shake up.
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. Nsa leaks paranormal the citigroup plutonomy memos. Citigroup plutonomy memos pdf united pdf comunication. Citigroup s annual report on form 10 k, its quarterly reports on form 10q and its current reports on form 8 k, and all amendments to these reports, are available free of charge through the companys website by clicking on the i nvestor relations page and selecting sec filings. The securities and exchange commission sec website contains. Two bombshell documents that citigroup s lawyers try to suppress, describing in detail the rule of the first 1%.
A leaked memo, purportedly written before a controversial bond trade last year, piled embarrassment on to us financial giant citigroup today. Citigroup plutonomy report pdf the reports are available for the time being. Yet a new body of research from citigroup suggests. Heres a leaked memo that citibank sent to its top investors in 2005. To use rawlsian analysis, the invisible hand stops working. If it disappears from there, hunt for the filename citigroup oct162005plutonomyreportpart1. Citigroups shocking plutonomy reports democratic underground.
It shows that the rich in the us continue to be in great shape. Oct 22, 2019 ajay kapur, global strategist at citigroup, and his research team came up with the term plutonomy in to describe a country that is defined. Thats the question people usually ask when they hear for the first time of the citigroup plutonomy memos. It led to the concentration of wealth increasingly in the hands of the financial sector. 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. Plutocracy citibank memo pdf the citigroup plutonomy memos. Dec 08, 2011 so citigroup did their duty and published two explosive memos, which should have become mainstream news, but eventually did not. Thought some might like to have the actual memo to read for themselves. 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. Ows a third threat comes from the potential social backlash.
Download all posts by politicalgates about the faked pregnancy as pdf document here. Respect other views and opinions, and keep an open mind. Citigroup plutonomy october 2005 pdf citigroup plutonomy october 2005 pdf download. Ajay kapur, global strategist at citigroup, and his research team came up with the term plutonomy in to describe a country that is defined. Leaked citigroup memo corporation, government, bailout. 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. Travelers was subsequently spun off from the company in 2002. May 03, 2019 a few years ago, two copies of these memos were leaked and were published on the internet. Look up plutonomy in wiktionary, the free dictionary. Citigroup research is a division of citigroup global markets inc. The company was formed by the merger of banking giant citicorp and financial conglomerate travelers group in 1998. We thought this was a good time to bang the drum on plutonomy. 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.
Leaked citigroup memo shows economic domination agenda of. Leaked citigroup memo shows economic domination agenda of the. Citigroup plutonomy october 2005 pdf the first memo is dated october 16, 2005 35 pages and is titled. However, citigroup seems to have been successful in preventing a wider discussion about the memos, due to their legal actions. The first memo is dated october 16, 2005 35 pages and is titled. Two bombshell documents that citigroups lawyers try to suppress, describing in detail the rule of the first 1% archive. Citibank leaked memo plutonomy pdf in, citigroup came out with a brochure for investors called plutonomy. Michael moore highlights a confidential report that citigroup initially circulated only to its wealthiest customers. A few years ago, two copies of these memos were leaked and were published on the internet. Jul 04, 2019 citibank leaked memo plutonomy pdf in, citigroup came out with a brochure for investors called plutonomy. Financial disaster will lead to civil disorder in 2009 or 2010, says secret citibank memo from citigroup said the blastoff was likely to occur within two years, and possibly as soon as 2009.
Michael moores leaked citibank plutonomy memo unsettling. The summary on the first page of this memo, which another report for their superwealthy investors, boldly presents plutonomy not only as a fact, but a business great business opportunity. Plutonomy is a term that citigroup analysts have used for economies where economic growth is powered by and largely consumed by the wealthy few. Citigroups annual report on form 10 k, its quarterly reports on form 10q and its current reports on form 8 k, and all amendments to these reports, are available free of charge through the companys website by clicking on the i nvestor relations page and selecting sec filings. In october 16, 2005, citigroup came out with a brochure for investors called. 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.
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