Citigroup plutonomy report pdf

Apr 19, 2020 citibank memo plutonomy pdf are they real. In october 16, 2005, citigroup came out with a brochure for investors called. In the october 2005 note, the analysts said that plutonomies have occurred. Citigroups second plutonomy report, titled revisiting plutonomy.

If plutonomy explains away many conundrums that our equity. I think in the nearly 2 years since written, the fissures i spoke about havecitigroup plutonomy report, part 1, oct 16, 2005. The term plutonomy first appeared in a memo sent by the global bank citigroup to its wealthiest clients. May 10, 2019 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. Spending by the uberrich overwhelms that of the average consumer and helps explain why. 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. Aug 30, 2012 maybe im the last person whos hearing about the citigroup plutonomy memos, but theyre blowning me away. Citigroup plutonomy report part 1 oct 16, 2005 the world is dividing into two blocs the plutonomy and the rest. Luckily for us, i have access to all manner of expunged primary source documents through bit torrent. 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. Sources 1 citigroup plutonomy report 1 200510 pdf the 2007 michael moore movie, capitalism. 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. 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 national wealth.

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. Yes, they are real, and instead of being discussed on mainstream media outlets all over america and beyond, citigroup. Big spike since the fisa report came out yesterday to dismiss the report. The above extracted from the report full year results first thoughts, 2 march 2006. Heres citigroup plutonomy report part 2 in convenient. The other citigroup plutonomy memo mentioned in michael moores.

Citigroup preferred stock series aa, c, j, k, l and s are also listed on the nyse. Welcome to the plutonomy machine, began a 2005 report by three citigroup analysts to their investor clients. 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. Now the political fight has been born, and the next citigroup report to investors may begin with welcome to the plutonomy backlash. If it disappears from there, hunt for the filename citigroupoct162005plutonomyreportpart1. 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. Maybe im the last person whos hearing about the citigroup plutonomy memos, but theyre blowning me away. Two bombshell documents that citigroup s link to the second memo pdf called. Citigroups shocking plutonomy reports ht michael moore. Back in october, we coined the term plutonomythe global investigator, plutonomy. Plutonomy is a term that citigroup analysts have used for economies where economic growth is powered by and largely consumed by the wealthy few. The citigroup plutonomy memos saturday, october 16, 2010 at 04. A love story, publicized the citigroup plutonomy reports. The brochure says, the world is dividing into two blocs the plutonomy and the rest.

The last 4 pages of this 18page report consist of conflict. Jul 02, 2019 citigroup plutonomy report pdf the reports are available for the time being. 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. 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. Citigroup proprietary government bond trading scandal of 2004. Citigroup attempts to disappear its plutonomy report. Citibank leaked memo plutonomy pdf in, citigroup came out with a brochure for investors called plutonomy. Michael moores leaked citibank plutonomy memo unsettling. Equity risk premium embedded in global imbalances are unwarranted. It urged investors to put money into a plutonomy index. 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 full report is available here marplutonomyreportleakedcitigroupmemopart1. 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. Citigroup plutonomy memos pdf the world is dividing into two blocs the plutonomy and the rest.

The plutonomy symposium rising tides lifting yachts. The nations top 1% of households own more than half the nations stocks, according to the federal reserve. Citigroup went to great length to suppress the reports distribution on the web schmitt, 2011, although the original author later tried to rebut allegations that. Oct 30, 2019 citigroup plutonomy report pdf the reports are available for the time being. People would probably get angry about it, except the second plutonomy report has been steadily disappearing from the interent since it leaked. Oct 16, 2010 the citigroup plutonomy memos saturday, october 16, 2010 at 04. 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 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. We think this income and wealth inequality plutonomy helps explain many of. 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. Yes, they are real, and instead of being discussed on mainstream media outlets all over america and beyond. Buying luxury, explaining global imbalances, october 14 2005. Putting that number in context, we generated strong earnings operating as a smaller company, with a lower headcount, more focused footprint, and dramatically different mix of businesses and assets from what citi was a decade ago. Oct 16, 2005 citigroup published a report which they files6674234 citigroup oct162005 plutonomy report part1. Its well known that the rich have an outsized influence on the economy. Nonus research analysts who have prepared this report, and who may. White collar criminologist william black dissects a 2005 citigroup memo intended for its wealthist clients. Citigroup was criticized for disrupting the european bond market by rapidly selling 11 billion worth of bonds on august 2, 2004 on the mts group trading platform, driving down the price, and then buying it back at cheaper prices. Nsa leaks paranormal the citigroup plutonomy memos. Citigroup wrote memos in 2005 and 2006 addressed to investors, basically saying that the.

Two bombshell documents that citigroup s lawyers try to suppress, describing in detail the rule of the first 1%. Two bombshell documents that citigroups link to the second memo pdf called. Our thesis is that the rich are the dominant drivers of demand in many economies around the world the us, uk, canada andaustralia. Citigroup plutonomy memos pdf united pdf comunication. 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. Citi strives to create the best outcomes for our clients and customers with financial solutions that are simple, creative and responsible. Citigroup research is a division of citigroup global markets inc. 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. Aug 25, 2019 citibank memo plutonomy pdf are they real.

Jun 22, 2018 8 sep 2009 in a plutonomy, according to citigroup global strategist ajay kapur, economic growth is below is at least part of the report. Citigroup attempts to disappear its plutonomy report which. A few months ago i wrote in this blog that the uk is turning into a plutonomy. Capgemini and rbc wealth management, world wealth report 20. Aug 01, 2019 citigroup plutonomy memos pdf the world is dividing into two blocs the plutonomy and the rest. Buying luxury, explaining global imbalances download pdf first citigroup plutonomy report. Because citigroup s common stock is listed on the nyse, the chief executive officer is required to make an annual certification to the nyse stating that he was not aware of any violation by citigroup of the corporate governance listing standards of the nyse. The vanishing citicorp plutonomy reports the american dream is a con played by the rich on the rest.

Apr 28, 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. Pdf the us plutonomy and its effect on the capitalistlabor. Citigroup plutonomy report pdf the reports are available for the time being. Dec 01, 2011 in my surprisingly arduous attempt to find 2007 revenue figures for citigroup yesterday, i ran across something called the plutonomy report. Citigroups shocking plutonomy reports democratic underground. Jan 08, 2007 its well known that the rich have an outsized influence on the economy. Perhaps one reason that societies allow plutonomy, is because enough of the electorate believe they have a chance of becoming a plutoparticipant. Two bombshell documents that citigroups lawyers try to suppress, describing in detail the rule of the first 1%. In a report called the plutonomy symposium rising tides lifting yachts, ajay kapur, citigroup s 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. In 2005, citigroup came out with a brochure for investors called plutonomy.