Citigroups second plutonomy report, titled revisiting plutonomy. Banknotes is the monthly digest of significant articles, commentary and recommendations as compiled by david stearns. 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. Screenshots first citigroup memo, click on images to read them. The march 2005 plutonomy memo, quoted above, has been taken down from the linked site at the request of citi. And of course, anybody who brings up the political agenda of groups such as mont pelerin or documents such the powel memo or the one above is made out to be a lunatic. 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. Objects form clock templates this feature will affect the physical output of the mvp, it can be used to choose a window from a mosaic view and send it to a qc position for full screen analysis. There are rich consumers, and there are the rest look up plutonomy in wiktionary, the free dictionary.
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. Plutonomy the citigroup plan for the megarich at cost to everyone else. There are signs around the world that society is unhappy with plutonomy judging by how tight electoral races are. Banknotes pdf archive the official site for the infinite. For a report that matthew yglesias calls a bit of a cult classic among economics writers, the systematic removal of plutonomy 2 from the internet sure hasnt gotten much press. Citigroup plutonomy memos pdf the world is dividing into two blocs the plutonomy and the rest. Michael moore, misrepresentation and migrating plutonomies. Plutonomy is the science of production and distribution of wealth. 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. 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. Googles ngram search suggests the plutonomy was coined in late 1800s. Both reports were leaked and made available on the web. The laissez faire attitude toward vast and growing wealth disparity between the plutocrats, and the 99% is revolting.
There are rich consumers, and there are the rest a third threat comes from the potential social backlash. Citigroup wrote memos in 2005 and 2006 addressed to investors, basically saying that the world is dividing up more and more. The summary on the first page of this memo, which another. Unlike systems such as democracy, capitalism, liberalism, socialism or anarchism, plutocracy is not rooted in an established political philosophy. Plutonomy is a term that citigroup analysts have used for economies where economic growth is powered by and largely consumed by the wealthy few. 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. Citigroup plutonomy memos pdf united pdf comunication. Sufficient numbers of politicians in other countries have championed slowing immigration or free trade ross perot, pauline hanson etc. Pdf the us plutonomy and its effect on the capitalistlabor. Hons and rebels jessica mitford pdf hons and rebels on free shipping on qualifying offers. 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. Nsa leaks paranormal the citigroup plutonomy memos. It is a medical detective approach to identify and treat the rootcause of rare and unusual illness.
I still remember very well how after several radical proposals a sicilian bishop rose and implored the fathers to allow caution and reason to reign on this point, because otherwise there would be the danger that the entire mass might be held. The one thing this memo does show is that business knew, by at least 2005, that we dont live in a real democracy, and that our government has been complicit to the point of treason. Proving theyre not just a onehitwonder, the citigroup analysts are at it again. Seeing as how megaupload is offline, here are the reports via two other links. Financial markets and the growth of plutonomies springerlink. More than the net worth of the bottom 95% households put together in 2001 top next next next top 4th 3rd bottom. Citigroup plutonomy report pdf the reports are available for the time being. As global strategists, this got us thinking about how to buy stocks based on this plutonomy thesis, and the subsequent thesis that it will gather strength and amass breadth. Fears that rising income inequality and concentration in political power are being exacerbated by financial markets finds support in an internal memo leaked out of citi group that caricatures the united states, united kingdom and canada as plutonomies. Cia recommended the pinning for details download cia free ofcharge in whenever a network communication 1189833 not possible due to power failures, the transceiver device should behave in such a way to not disturb the rest of the network. Download all posts by politicalgates about the faked pregnancy as pdf document here. Two bombshell documents that citigroups link to the second memo pdf called. Plutonomy the citigroup plan for the megarich at cost. Apr 2020 mar 2020 feb 2020 jan 2020 dec 2019 nov 2019 oct 2019.
The rich getting richer deals mainly with the consequences for investments which follow the analysis in the first memo. But there is as tom hickey says a button to download the pdf file, right at the top line of the document. Fill in your details below or click an icon to log in. Two bombshell documents that citigroups lawyers try to suppress, describing in detail the rule of the first 1%. Plutonomy was used in the context of wealth in these early christian books. Harivamsa purana in telugu pdf provides services of free download and listen musical harivansh puran in telugu in the voice of shreya pathak. By the way, if anyone has difficulty with adobe pdf, i have been using an open source pdf reader called sumatra. Mnual manual for one of these is available from the manufacturer.
Gives higher application availability by correcting low and high voltage conditions without using the battery not available on all models. The circumstance that they were set free by the machinery from the means of. We think this income and wealth inequality plutonomy helps explain. Among the topics for discussion is the threat of societies demanding a more equitable share of wealth. Maybe im the last person whos hearing about the citigroup plutonomy memos, but theyre blowning me away. Citigroup research is a division of citigroup global markets inc. Protect secondary electronics from surges and spikes without reducing battery power used to run primary electronics during an outage. Citigroup plutonomy october 2005 pdf the first memo is dated october 16, 2005 35 pages and is titled. Citibank leaked memo plutonomy pdf in, citigroup came out with a brochure for investors called plutonomy. Based on the consumer finance survey, the top 1% accounted for 20% of income, 40% of financial wealth and 33% of net worth in the u.
In researching this idea on a global level and looking for stock ideas we also. A multinational decided to close down a profitable, functioning facility carrying out some hightech manufacturing. Download apr 2020 banknotes pdf view individual banknotes articles. The first known use of the term in english dates from 1631. The modern automobile may have as many as 70 electronic control units ecu for various subsystems. Upgrading from cics ts version, see upgrading cics ts for zos.
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