Citibank report plutonomy pdf

Plutonomy refers to the rich, those who buy luxury goods and so on, and thats where the action is. Apply to citibank for a plethora of banking products and services for your personal and business needs. Citigroup plutonomy report part 1 oct 16, 2005 the world is dividing into two blocs the plutonomy and the rest. Pdf the us plutonomy and its effect on the capitalistlabor. Thats the question people usually ask when they hear for the first time of the citigroup plutonomy memos.

The private bank brings the best of this wealth of. 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 equities. Ps i am a capitalist but i watched the movie an i am interested in this report. I am skeptical of his assertions but still, i would like to read this.

May 03, 2019 citibank memo plutonomy pdf are they real. Citi research is committed to providing individual and institutional investors with independent and objective research covering companies, sectors, economics, geopolitics, asset allocation and investment strategy. Plutonomy is the science of production and distribution of wealth. Franz humer and anthony santomero will also retire in 2019, having reached the retirement age for citi directors. The last 4 pages of this 18page report consist of conflict disclosures and disclaimers, starting with this analyst certification. 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. 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. Take a glimpse into citibanks plutonomy report in 2006 as they paint wealth confiscation by the top 10% as a good thing. Aug 30, 2012 maybe im the last person whos hearing about the citigroup plutonomy memos, but theyre blowning me away. Citigroup attempts to disappear its plutonomy report. We, ajay kapur, niall macleod and narendra singh, research analysts and the authors of this. The plutonomy symposium rising tides lifting yachts time to recommit to plutonomy stocks binge on bling.

Citibank berhad 2016 annual report 6 ceos statement. 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. Two bombshell documents that citigroup s link to the second memo pdf called. The full report is available here marplutonomyreportleakedcitigroupmemopart1. Citi investor relations citi annual reports citibank. The other citigroup plutonomy memo mentioned in michael moores movie is. The private bank brings the best of this wealth of information to you, based on your specific needs. Citi, citibank, citi and arc design, and other marks used herein are service marks of citigroup inc. Not have their income inequality data, although they are definitely an important part of. Payments in over currencies were made available online for the. The above extracted from the report full year results first thoughts, 2 march 2006. Find here the financial report of monthly and quarterly publication, annual report and corporate governance report. Drawing on citigroup reports and charting the interplay between. Maybe im the last person whos hearing about the citigroup plutonomy memos, but theyre blowning me away.

But there is as tom hickey says a button to download the pdf file, right at the top line of the document. Where can i find a copy of the citigroup plutocracy report. A love story showing a secret memo put out by citigroup to its top investors telling them america has now become a plutonomy working for the very rich and the only. 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. Ajay kapur and his associates assert that world is getting divided into two blocs, namely, the plutonomy and the rest. 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. Two bombshell documents that citigroups lawyers try to suppress, describing in detail the rule of the first 1%. Jan 24, 2011 michael moores leaked citibank plutonomy memo. The plutonomy symposium rising tides lifting yachts plutonomy update. If it disappears from there, hunt for the filename citigroupoct162005 plutonomy report part1. Ajay kapur, global strategist at citigroup, and his research team came up with the term plutonomy in to describe a country that is defined. Oct 16, 2005 citigroup oct 16 2005 plutonomy report part 1 pdf citigroup research is a division of citigroup global markets inc.

In three reports for superrich citigroup clients published in 2005 and 2006, a team of citigroup. If you select no account, the report will include all accounts that are accessible to you. Equity risk premium embedded in global imbalances are unwarranted. In october 16, 2005, citigroup came out with a brochure for investors called plutonomy. Internal citibank memo about the trending of the rich to get richer, the gap between rich and poor to increase and how they plan to replace our system of democracy with a plutocracy a term they coined and how they should capitalize on it. Finding pureplays on the plutonomy theme, however, is tricky. 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. America, britain and canada are the key plutonomies, powered mainly by the wealthy.

Dec 01, 2011 people would probably get angry about it, except the second plutonomy report has been steadily disappearing from the interent since it leaked. 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. All reports can be printed in their entirety, on a. In researching this idea on a global level and looking for stock ideas we also. Buying luxury, explaining global imbalances urging investors to put money into a plutonomy basket here are my favorite excerpts. Kapur estimates that in 2005, the richest 20 may have been. The world is dividing into two blocs the plutonomy and the rest. A few months ago i wrote in this blog that the uk is turning into a plutonomy. 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.

May 11, 2010 heres a leaked memo that citibank sent to its top investors in 2005. For a report that is to be relative date range and define the. Apr 19, 2020 citibank memo plutonomy pdf are they real. Buying luxury, explaining global imbalances, october 14 2005. 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. Yes, they are real, and instead of being discussed on mainstream media outlets all over america and beyond, citigroup. Citi strives to create the best outcomes for our clients and customers with financial solutions that are simple, creative and responsible.

Indeed, if the rich keep getting richer, as we suggest, savings rates might get even worse in the plutonomy countries. 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. Aug 25, 2019 citibank memo plutonomy pdf are they real. A year later, in the eye of the global economic storm, plutonomy seemed under threat as asset values plummeted. When a report is printed, the end result is a formal document that includes all of the information you need. Plutonomy stocks at a premium, but relative pricing power is key. We think this income and wealth inequality plutonomy helps explain many of. Its almost a year since we made up the word plutonomy.

This has truly been an amazing and enriching experience so far, said charlene jones, a member of citiselects inaugural summer class who began training in. 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 but with enough popular support, they could have won. In a report called the plutonomy symposium rising tides lifting yachts, ajay kapur, citigroups global strategist, says the balance sheets of. Citibank leaked memo plutonomy pdf in, citigroup came out with a brochure for investors called plutonomy. Apply online for deposits, insurance, investment needs etc. People would probably get angry about it, except the second plutonomy report has been steadily disappearing from the interent since it leaked. Citibank custom reporting system user guide introduction introduction to the citibank custom reporting system overview this section introduces you to the citibank custom reporting system ccrs. All reports can be printed in their entirety, on a pagebypage basis, or as a range of pages. Citigroup secret memo claims america has become a plutonomy. Jul 04, 2019 citibank leaked memo plutonomy pdf in, citigroup came out with a brochure for investors called plutonomy. If you want to save the report as a spreadsheet, select csv format. If it disappears from there, hunt for the filename citigroupoct162005plutonomyreportpart1. The key challenge for corporates in this space is to maintain the mystique of prestige while trying to grow revenue and hit the massaffluent market. Tony has been on the board since 2009 and chaired the citibank board and the risk management committee.

Luckily for us, i have access to all manner of expunged primary source documents through bit torrent. Back in october, we coined the term plutonomythe global investigator, plutonomy. Oct 16, 2010 further on, after reminding the readership that plutonomy countries are those with economies powered by a relatively small number of rich people and geared to financial wealth creation, and noting that the previous week a plutonomy symposium was held in london, the risks to plutonomy are, as in previous reports. Citigroup plutonomy report pdf the reports are available for the time being. Citigroup wrote memos in 2005 and 2006 addressed to investors, basically saying that the. They claimed that their plutonomy index was way outperforming the stock market. 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.

Two bombshell documents that citigroups link to the second memo pdf called. Nonus research analysts who have prepared this report, and who may. Spending by the uberrich overwhelms that of the average consumer and helps explain why. Citigroup research is a division of citigroup global markets inc. Citibank ipb, based in singapore caters to your international banking needs. 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. Capgemini and rbc wealth management, world wealth report 20. Heres a leaked memo that citibank sent to its top investors in 2005. Our flagship internet banking platform, citidirect be, featured new payment services in the past year. Franz has been on the board since 2012 and chaired the ethics and culture committee.

Our thesis is that the rich are the dominant drivers of demand in many economies around the world the us, uk, canada andaustralia. The term plutonomy is derived from, plutus, the greek god of wealth. Citigroups shocking plutonomy reports ht michael moore. As we believe plutonomy explains away some of the conundrums we highlighted above, we are very relaxed about these issues.

Citigroup plutonomy memos pdf the world is dividing into two blocs the plutonomy and the rest. Jul 02, 2019 citigroup plutonomy report pdf the reports are available for the time being. Citigroup plutonomy memos pdf united pdf comunication. Nsa leaks paranormal the citigroup plutonomy memos. The term plutonomy first appeared in a memo sent by the global bank citigroup to its wealthiest clients. In october 16, 2005, citigroup came out with a brochure for investors called. Enroll and complete 1 qualifying direct deposit and 1 qualifying bill payment each statement period. Inquiry citidirect reports provide you with realtime information to support your decisionmaking processes. 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.

Michael moores leaked citibank plutonomy memo unsettling. Dec 07, 2011 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 ultra. Download all posts by politicalgates about the faked pregnancy as pdfdocument here. Heres citigroup plutonomy report part 2 in convenient. There are rich consumers, few innumber, but disproportionate in the gigantic slice of income and consumption they take. 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. Citigroups second plutonomy report, titled revisiting plutonomy. Oct 16, 2005 in a plutonomy there is no such animal as the u. Citigroups shocking plutonomy reports democratic underground. 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. Citigroup oct 16 2005 plutonomy report part 1 pdf citigroup research is a division of citigroup global markets inc. Where can i find a copy of the original unedited citigroup plutocracy report as mentioned by michael moore in capitalisim. Key concepts managing expenses can be a difficult task if you dont have the data you need when you need it.