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Message Subject Citigroup 2005 memo - must read... Plutonomy
Poster Handle Monkeyfister
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Give us the short version of this article
 Quoting: Anonymous Coward 922349


Give us the short version of this article
 Quoting: Anonymous Coward 922349


It is about how everything is fixed by the elite to keep them richer..
 Quoting: LookingAround


Yes. These are Financial Strategies Memos to high-level clients of CitiGroup. They speak openly of ways to WIDEN the Income Gap between Them and us (down here-- who don't matter at all). They discuss readily how to make money off of Global and Regional crises...

These plans and CitiGroup's BIG Money Funds went into effect around 2005-6, and it's easy to see, now, that they are working like crazy to keep their fantasy world alive for their profit. THIS is just one tiny pathway to the Elite's motivations. For every one of these CitGroup "Plutonomy funds," there are dozens more like it across the Globe. Names like Carlyle Group and the Bilderburg Group are the Old Money in that league.

Some quick quotes from the Intro of Part 1:

"1) [T]he world is dividing into two blocs - the Plutonomies, where economic growth is powered by and largely consumed by the wealthy few, and the rest. Plutonomies have occurred before in sixteenth century Spain, in seventeenth century Holland, the Gilded Age and the Roaring Twenties in the U.S.

What are the common drivers of Plutonomy?
Disruptive technology-driven productivity gains, creative financial innovation, capitalist-friendly cooperative governments, an international dimension of immigrants and
overseas conquests invigorating wealth creation, the rule of law, and patenting inventions. Often these wealth waves involve great complexity, exploited best by the rich and educated of the time.

2) We project that the Plutonomies (the U.S., UK, and Canada) will likely see even more income inequality, disproportionately feeding off a further rise in the profit share in their economies, capitalist-friendly governments, more technology-driven productivity, and globalization.
3) Most “Global Imbalances” (high current account deficits and low savings rates, high consumer debt levels in the Anglo-Saxon world, etc) that continue to (unprofitably) preoccupy the world’s intelligentsia look a lot less threatening when examined through the prism of plutonomy. The risk premium on equities that might derive from the dyspeptic “global imbalance” school is unwarranted - the earth is not going to be shaken off its axis, and sucked into the cosmos by these “imbalances”. The earth is being held up by the muscular arms of its entrepreneur-plutocrats, like it, or not."


Both reports go on an on about how keeping us, down here, DOWN and OUT, is great for their profit. There's even money to be made from Global Unrest... WIN!!!

Remember-- When they say, "The American Labor Pool needs to be more competitive in the Global Market," what they really mean is they want to be able to pay and treat an American Worker the same as a Worker in Vietnam or Haiti. And no, they don't want to give Haitian or Vietnamese Workers raises, paid sick leave or a 40-hour work week.

It's their blithe, clinical, and cynical view of the other 95% of Humanity that galls me to no end.

But the issue is not this somewhat new concept of "Plutonomy," but the older, time-honored problem of the Plutocracy at hand. With a burgeoning, if struggling, "Plutonomy" for them, of them, and by them, one might think that the Fascists have won, but one would be wrong.

They're bound to lose. The very "Golden Times" they cite-- 17th Century Holland, to the "Roaring 1920's" in America each ended up to be based on critical flaws, and were followed by enormous collapses.

But, this is a crowd that has no fear of that collapse. They believe they are placed well-enough to weather it all in the lee of OUR huddled backs. And THAT is the critical flaw of this Plutocratic Evolution.
 
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