Reading some of the uk papers view of the movie, i saw an interesting reference to an internal 2006 citigroup memo regarding america, which. The plutonomy symposium rising tides lifting yachts. 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 other citigroup plutonomy memo mentioned in michael moores movie is. 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. Buying luxury, explaining global imbalances by ajay kapur, niall macleod and narendra singh. Citigroups second plutonomy report, titled revisiting plutonomy. Citigroup global markets and borrowed time for free with a free 30day trial. Citigroups corporate and investment bank citigroup. By the way, if anyone has difficulty with adobe pdf, i have been using an open source pdf reader called sumatra. Read citigroup books like judge rakoffs ruling in s. Citigroup final free download as powerpoint presentation.
If it disappears from there, hunt for the filename citigroupoct162005plutonomyreportpart1. Its almost a year since we made up the word plutonomy. Citigroups shocking plutonomy reports ht michael moore. Where can i find a copy of the original unedited citigroup plutocracy report as mentioned by michael moore in capitalisim. 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. Citigroup economic surprise index page 1 april 23, 2020 citigroup economic surprise index. Two bombshell documents that citigroups lawyers try to suppress, describing in detail the rule of the first 1%. Plutonomy the citigroup plan for the megarich at cost. Citigroup research is a division of citigroup global markets inc. 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.
Plutonomy the citigroup plan for the megarich at cost to everyone else. 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. Thats the question people usually ask when they hear for the first time of the citigroup plutonomy memos. 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.
C stock quote, history, news and other vital information to help you with your stock trading and investing. A plutonomy is an economy powered by the wealthy and characterised by growing disparities between the top 1 % of society and the rest. Ps i am a capitalist but i watched the movie an i am interested in this report. Two bombshell documents that citigroups link to the second memo pdf called. Citigroup research is a division of citigroup global markets. The other citigroup plutonomy memo mentioned in michael moores. Not to be confused with cit group, another large financial services company.
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. Citis range of fixed income indices are designed, calculated, and published by citigroup index llc and may be licensed for use as underlying indices for otc or exchangetraded investment products, including etfs, swaps, structured products, warrants, and certificates. Because citigroups 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. In the october 2005 note, the analysts said that plutonomies have occurred. Leaked citigroup memo shows economic domination agenda of. Citigroup background citigroup opened its first office in india in kolkata calcutta in 1902. Citigroup preferred stock series aa, c, j, k, l and s are also listed on the nyse.
Citigroup plutonomy report pdf the reports are available for the time being. Scribd is the worlds largest social reading and publishing site. Download all posts by politicalgates about the faked pregnancy as pdf document here. C environment, social and governance ratings to help you in your stock buying decisions. Citigroup is the first big firm on wall street to voluntarily separate its research and investment banking functions, by creating a distinct new retail brokerage and equity research unit called smith barney. Download all posts by politicalgates about the faked pregnancy as pdfdocument here. The history of plutonomys conceptual development remains clouded in secrecy. Luckily for us, i have access to all manner of expunged primary source documents through bit torrent. In researching this idea on a global level and looking for stock ideas we also. Citigroup investment research again, plutonomies like the u. Michael moore highlights a confidential report that citigroup initially circulated only to its wealthiest customers.
Perhaps the most immediate challenge to plutonomy comes from the political process. If plutonomy explains away many conundrums that our equity. The memo citigroup doesnt want you to see jobs now. It has become one of indias most diverse and recognised financial service providers operating. Citigroup published a report which they files6674234citigroupoct162005plutonomyreportpart1. Citigroup plutonomy memos pdf the world is dividing into two blocs the plutonomy and the rest.
People would probably get angry about it, except the second plutonomy report has been steadily disappearing from the interent since it leaked. Finally, political pressure to end the increase in income and wealth inequality. Maybe im the last person whos hearing about the citigroup plutonomy memos, but theyre blowning me away. The last 4 pages of this 18page report consist of conflict. 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. Ultimately, the rise in income and wealth inequality to some extent is an economic disenfrachisement of the masses to the benefit of the few. Average weekly price divided by 52week forward consensus expected operating earnings per share. Citigroup plutonomy report part 1 oct 16, 2005 the world is dividing into two blocs the plutonomy and the rest. Citigroup wrote memos in 2005 and 2006 addressed to investors, basically saying that the. The companys whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer b anking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. Examples of the reports deleted from after citigroup demanded their takedown. The citigroup plutonomy memos saturday, october 16, 2010 at 04.
Learn from citigroup experts like dealbook and james freeman. Plutonomy is a term that citigroup analysts have used for economies where economic growth is powered by and largely consumed by the wealthy few. White collar criminologist william black dissects a 2005 citigroup memo intended for its wealthist clients that describes the us. 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.
The plutonomy symposium rising tides lifting yachts plutonomy update. Plutonomy, perhaps like me, youve not heard much about this term, except in the occasional poorly defined rant. Citigroup plutonomy memos pdf united pdf comunication. 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. Where can i find a copy of the citigroup plutocracy report. Much of the recent increase in inequality in englishspeaking. Although they havent figured it out yet, this is really what the occupy movement is protesting. Nsa leaks paranormal the citigroup plutonomy memos. With a new ceo in position, citigroup has repositioned its global franchise in 2008, to ensure bet. Two bombshell documents that citigroup s link to the second memo pdf called. 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. Citigroup economic surprise index yardeni research. Heres citigroup plutonomy report part 2 in convenient.
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