The World is dividing into two blocs – the Plutonomy and the rest. Citigroup Research is a division of Citigroup Global Markets Inc. (the “Firm”). Maybe I’m the last person who’s hearing about the Citigroup “plutonomy memos”, but they’re blowning me away. Wait, now that I look around. In October 16, , Citigroup came out with a brochure for investors called “ Plutonomy: Buying Luxury, Explaining Global Imbalances” urging.

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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.

It led to the concentration of wealth increasingly in the hands of the financial sector. Climate Change and Nuclear Weapons.

The Ditigroup Aristocracy, like in the Gilded Age, the Roaring Twenties, and the thriving nineties, needs to commandeer a vast chunk of that rising profit share, either through capital income, or simply paying itself a lot. We project that the plutonomies the U. A few years ago, two copies of these memos were leaked and were published on the internet.

Post was not sent – check your email addresses! Top Blog at WordPress. Take a look at the memoss. BCG expects the trend toward more concentrated wealth to continue unabated. Behold the Dark Side! Like say, Bachmann, Palin, etal?

Citigroup’s Plutonomy Memo: “There are rich consumers, and there are the rest”

This needs to stop, as every American and every citizen in the western world needs to know what people like the analysts of Citigroup really think about the inequalities which exist within the societies, how the rich should preserve their domination, and what possible “backlash” can be expected – and what the consequences are of living in a “plutonomy.

In the s, unemployed working people could anticipate that their jobs would come back. The answer is of course yes. One has been hanging around since The Occupy movements could provide a mass base for trying to avert what amounts to a dagger pointed at the heart of the country.


They do not worry us much. Perhaps one reason that societies allow plutonomy, is because enough of the electorate believe they have a chance of becoming a Plutoparticipant. Of course, Naomi Klein, being a journalist rather than an investment banker, spent time with the victims of all these policies and thus was pretty pissed off about them.

In considering these aspects, the analysts also discovered that there is a memso factor to consider – that the memoss don’t have much economic power, but that they “have equal voting power with the rich. Low-end ,emos market labor might not have much economic power, but it does have equal voting power with the rich.

Download a copy of these memos. For decades, Citigroup has been one of the most corrupt of the major investment banking corporations, repeatedly bailed out by the taxpayer, starting in the early Reagan years and now once again. Comments 26 Leave a comment.

Why kill it off, if you can join it?

Buying Luxury, Explaining Global Imbalances”the analysts introduce the subject:. Now, the plutonomy is where the action is and it could continue like this. This week, the House will begin to mark-up the bill.

Citigroup’s Plutonomy Memo: “There are rich consumers, and there are the rest” – Elpidio Valdes

I have saved copies to my hard drive and will reblog this post on my blog as well. Outsourcing, offshoring or insourcing of cheap labor is done to undercut current labor costs. During this discussion, Ajay Kapur the author of the plutonomy-theses, which is closely related to Piketty’s theses, entered the public stage again in May However, they warn that in the short-term there is potential for a backlash.

Smith bruceedmonds Kevin P. However, Citigroup seems to have been successful in preventing a wider discussion about the memos, due to their legal actions. That just drove the whole system even deeper into the pockets of the corporate sector increasingly the financial sector. Newer Post Older Post Home.


But they seem to have been largely ignored by scholars. Firstly, if we are right, that plutonomy is to blame for many of the apparent conundrums that exist around the world, such as negative savings, current account deficits, no consumer recession despite high oil prices or weak consumer sentiment, then so long as the rich continue to get richer, the likelihood of these conundrums resolving themselves through traditionally disruptive means currency collapses, consumer recessions etc looks low.

Perhaps one reason that societies allow plutonomy, is because enough of the electorate believe they have a chance of becoming a Pluto-participant. Fortunately for the investors, the analysts at Citigroup also considered these points and started to think about the plebs who, as history shows, have a tendency to be unruly, if poor.

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At the other extreme, insourcing, or allowing mass immigration, which might price domestic workers out of jobs, leads to calls for anti-immigration policies, at worst championed by those on the far right. Lest we wonder who pluutonomy class warfare. Indeed, traditional thinking is likely to have issues with ccitigroup of it. The blog “No Apparent Motive” reported that they received a take-down letter from Citigroup’s lawyers after they posted a download link to a copy of one of the memos:.

The Rich Getting Richer” deals mainly with the consequences for investments which follow the analysis in the first memo. Disruptive technology-driven productivity gains, creative financial innovation, capitalist- friendly ciyigroup governments, an international dimension of immigrants and overseas conquests invigorating wealth creation, the rule of law, and patenting inventions.

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