Citibank plutonomy memo download

Citibank does not charge you a fee for using the citi mobile app or the mobile check deposit service. Maybe im the last person whos hearing about the citigroup plutonomy memos, but theyre blowning me away. The plutonomy symposium rising tides lifting yachts. The plutonomy stock basket outperformed msci ac world by 6. Julius baer, bulgari, richemont, kuoni, and toll brothers. Back in october, we coined the term plutonomy the global investigator, plutonomy. The world is dividing into two blocs the plutonomy and the rest. The public overwhelmingly supports higher taxes on the wealthy, which have declined sharply in this period of stagnation and decline, and the preservation of limited social benefits. Plutonomy definition of plutonomy by the free dictionary. Citigroup wrote memos in 2005 and 2006 addressed to investors, basically saying that the world is dividing up more and more into a small group. 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. Perhaps one reason that societies allow plutonomy, is because enough of the electorate believe they have a chance of becoming a plutoparticipant. Whether you want cash back, great rewards, or a low intro rate, the choice is all yours.

You are commenting using p,utonomy twitter account. Buying luxury, explaining global imbalances download pdf first citigroup plutonomy report. Plutonomy refers to the rich, those who buy luxury goods and so on, and thats where the action is. Consumer or uk consumer, but rich and poor consumers in these countries. Comments on issue 74 repaired post and read comments on issue thanks for posting you might like this one too. Citigroup plutonomy october 2005 pdf 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% 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. However,you must have a webenabled cell or smartphone to use the citi mobile app or mobile check deposit service and charges from your wireless carrier may apply. Buying luxury, explaining global imbalances urging investors to put money into a plutonomy basket here are my favorite excerpts. Edward fullbrook has found and written about another citi plutonomy wquity. Ajay kapur, global strategist at citigroup, and his research team came up with the term plutonomy in to describe a country that is defined. Theres a download button right at the top of the page to which you linked, btw. Two bombshell documents that citigroups lawyers try to suppress, describing in detail the rule of the first 1%.

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. If it disappears from there, hunt for the filename citigroupoct162005 plutonomy reportpart1. There are signs around the world that society is unhappy with plutonomy judging by how tight electoral races are. 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. The memo says technical revolution is behind the previous waves of plutonomy including the roaring twenties. 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.

The memos coin the term plutonomy and describe in glowing terms citi s view of a u. A love story, michael moore unveiled two explosive memos written by citi analyst in 2005 and 2006. A love story, ajay kapur, then citigroups chief global equities strategist, says this. Download all posts by politicalgates about the faked pregnancy as pdfdocument here. Citibank leaked memo plutonomy pdf in, citigroup came out with a brochure for investors called plutonomy. Two bombshell documents that citigroups lawyers try to suppress, describing in detail the rule of the first 1% archive. Nonus research analysts who have prepared this report, and who may.

In october 16, 2005, citigroup came out with a brochure for investors called plutonomy. Inequality play is over, says analyst who coined plutonomy. The global wealth report which boston consulting group bcg published in june. Citigroups second plutonomy report, titled revisiting plutonomy. Spending by the uberrich overwhelms that of the average consumer and helps. Citigroup analysts have also used the word plutonomy to describe economies where. Buying luxury, explaining global imbalances, october 14, 2005. That would be a great way to hoodwink the audience if you felt like misrepresenting the document.

Buying luxury, explaining global imbalances urging. In 2005, three citigroup analysts ajay kapur, niall macleod and narendra singh answered yes. Citibank is not responsible for products and services offered by other companies. I think what hes saying is that everybody will be hooked into these many. Citigroups plutonomy memos in his 2009 movie, capitalism. 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. Michael moores leaked citibank plutonomy memo i cannot copy the memo, only read it on the web. 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, citigroup came out with a brochure for investors called plutonomy. The term plutonomy first appeared in a memo sent by the global bank citigroup to its wealthiest clients.

In moores film a few appalling sentence fragments from this document are thrown in with some flashy, rapid cutting and a lot of voiceover. Economic growth that is powered and consumed by the wealthiest upper class of society. The other citigroup plutonomy memo mentioned in michael moores movie is. They claimed that their plutonomy index was way outperforming the stock market. Citigroup research is a division of citigroup global markets inc. Plutonomics, robert frank, wall street journal blog the wealth report, january 8, 2007. As the writers of the memo report as the writers of the memo report there is no such thing as the u.

Plutonomy refers to a society where the majority of the wealth is controlled by an evershrinking. Continental europe exitaly and stratevy are in the egalitarian bloc. The first memo is dated october 16, 2005 35 pages and is titled. Buying luxury, explaining global imbalances, october 14 2005. The analysts use the term robberbaron economies and conclude that a potential social backlash is possible. So there was a period of stagnation and decline for the majority alongside a period of sharp concentration of wealth. We think this income and wealth inequality plutonomy helps explain many of the conundrums that vex equity investors. Seeing as how megaupload is offline, here are the reports via two other links. In the mid2000s, kapur and his thencolleagues at citigroup inc. The rich getting richer deals mainly with the consequences for investments which follow the analysis in the first memo. In one of the two memos made famous in michael moores film capitalism. This is a cause championed, generally, by leftwing politicians. White collar criminologist william black dissects a 2005 citigroup memo intended for its wealthist clients that describes the us, uk, and canada as plutonomi. 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. I wanted to say a bit about the citibank plutonomy memo, though, because llike a lot of people probably were i was struck by it in the. Plutonomy is the science of production and distribution of wealth. Heres a leaked memo that citibank sent to its top investors in 2005. Citigroup plutonomy report part 1 oct 16, 2005 the world is dividing into two blocs the plutonomy and the rest. 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.