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Citigroup 2005 memo - must read... Plutonomy

 
LookingAround

User ID: 1329674
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06/11/2011 11:47 PM

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Citigroup 2005 memo - must read... Plutonomy
Slaps you in the face:

Back in October, we coined the term 'Plutonomy' (The Global Investigator, Plutonomy: Buying Luxury, Explaining Global Imbalances, October 14, 2005). Our thesis is that the rich are the dominant drivers of demand in many economies around the world (the US, UK, Canada and Australia). These economies have seen the rich take an increasing share of income and wealth over the last 20 years, to the extent that the rich now dominate income, wealth and spending in these countries. Asset booms, a rising profit share and favorable treatment by market-friendly governments have allowed the rich to prosper and become a greater share of the economy in plutonomy countries. . . . [T]he lawyers and bankers who intermediate globalization and productivity, the CEOs who lead the charge in converting globalization and technology to increase the profit share of the economy at the expense of labor . . . contribute to plutonomy.
. . . .
[W]e think that global capitalists are going to be getting an even greater share of the wealth pie over the next few years, as capitalists benefit disproportionately from globalization and the productivity boom, at the expense of labor.
. . . .
RISKS—WHAT COULD GO WRONG?
. . . . [A] policy error leading to asset deflation, would likely damage plutonomy. Furthermore, the rising wealth gap between the rich and poor will probably at some point lead to a political backlash. . . . At some point it is likely that labor will fight back against the rising profit share of the rich and there will be a political backlash against the rising wealth of the rich. This could be felt through higher taxation (on the rich or indirectly though [sic] higher corporate taxes/regulation) or through trying to protect indigenous laborers, in a push-back on globalization—either anti-immigration, or protectionism.

get the pdf links here:
[link to www.realitybase.org]
I have been on GLP long time. I'm old and young.. .
LookingAround  (OP)

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06/11/2011 11:55 PM

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Re: Citigroup 2005 memo - must read... Plutonomy
PDF's

[link to www.cps-news.com]

[link to www.cps-news.com]


These have been removed many times since being on the net...
I have been on GLP long time. I'm old and young.. .
LookingAround  (OP)

User ID: 1425321
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06/12/2011 01:21 PM

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Re: Citigroup 2005 memo - must read... Plutonomy
mduck
I have been on GLP long time. I'm old and young.. .
Anonymous Coward
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06/12/2011 01:25 PM
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Re: Citigroup 2005 memo - must read... Plutonomy
bump
Sammie

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06/12/2011 01:28 PM
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Re: Citigroup 2005 memo - must read... Plutonomy
Great find OP.

And thanks for the PDF links as well.

I did see that they were removed from the first site.

For well over a year now I have made it a point to download every file, webpage (archival save), video, audio, text, picture...... everything.

Stuff disappears fasts. You can count on it being there in a few hours, let alone a few weeks or months.

Censorship is being practiced heavily and it is becoming more and more prevalent with each passing day.

I saved the .pdf's for later


Which reminds me, I need to back up my hard drive again.
"Beware lest you lose the substance by grasping at the shadow".  ~Aesop


"Once in a dream I saw a snake swallowing its own tail, it swallowed and swallowed until it got halfway round, and there it stopped and there it stayed, it was stuffed with its own self. Some fix, that.
We only have ourselves to go on, and it’s enough…" -Charles Bukowski



"Grasping at things can only yield one of two results:
Either the thing you are grasping at disappears, or you yourself disappear.
It is only a matter of which occurs first."
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LookingAround  (OP)

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United States
06/12/2011 02:46 PM

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Re: Citigroup 2005 memo - must read... Plutonomy
Great find OP.

And thanks for the PDF links as well.

I did see that they were removed from the first site.

For well over a year now I have made it a point to download every file, webpage (archival save), video, audio, text, picture...... everything.

Stuff disappears fasts. You can count on it being there in a few hours, let alone a few weeks or months.

Censorship is being practiced heavily and it is becoming more and more prevalent with each passing day.

I saved the .pdf's for later


Which reminds me, I need to back up my hard drive again.
 Quoting: Sammie


No problem, citigroup is the cause of many of the economic and political issue in the country.
I have been on GLP long time. I'm old and young.. .
LookingAround  (OP)

User ID: 1425321
United States
06/12/2011 05:23 PM

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Re: Citigroup 2005 memo - must read... Plutonomy
bump
I have been on GLP long time. I'm old and young.. .
Anonymous Coward
User ID: 340150
Puerto Rico
06/12/2011 06:37 PM
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Re: Citigroup 2005 memo - must read... Plutonomy
Great find OP.

And thanks for the PDF links as well.

I did see that they were removed from the first site.

For well over a year now I have made it a point to download every file, webpage (archival save), video, audio, text, picture...... everything.

Stuff disappears fasts. You can count on it being there in a few hours, let alone a few weeks or months.

Censorship is being practiced heavily and it is becoming more and more prevalent with each passing day.

I saved the .pdf's for later


Which reminds me, I need to back up my hard drive again.
 Quoting: Sammie


They have teams out there scouring for articles and items that shed light on the corrupt practices. They are probably burying more articles than releasing.
LookingAround  (OP)

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06/14/2011 12:11 PM

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Re: Citigroup 2005 memo - must read... Plutonomy
Bump
I have been on GLP long time. I'm old and young.. .
Monkeyfister

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06/14/2011 01:44 PM
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Re: Citigroup 2005 memo - must read... Plutonomy
Excellent find, OP!!!

Explains everything-- from the way the Plutocrats treat the rest of us, to the fact that the Income Gap is a manufactured feature, and not a bug.

These Banksters need to be moved into VERY SMALL, subterranean apartments as soon as possible.

banksters
"I'm the bride at every funeral, I'm the corpse at every wedding..." --Brother Theodore
... and don't blame me-- I voted for Bob Barr in 2008.
Only COWARDS hide behind anonymous Karma.
Monkeyfister

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06/14/2011 03:14 PM
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Re: Citigroup 2005 memo - must read... Plutonomy
bump
"I'm the bride at every funeral, I'm the corpse at every wedding..." --Brother Theodore
... and don't blame me-- I voted for Bob Barr in 2008.
Only COWARDS hide behind anonymous Karma.
Anonymous Coward
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United States
06/14/2011 03:39 PM
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Re: Citigroup 2005 memo - must read... Plutonomy
Give us the short version of this article
LookingAround  (OP)

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06/14/2011 04:19 PM

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Re: Citigroup 2005 memo - must read... Plutonomy
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..
I have been on GLP long time. I'm old and young.. .
Monkeyfister

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06/14/2011 07:44 PM
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Re: Citigroup 2005 memo - must read... Plutonomy
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.

Last Edited by Monkeyfister on 06/14/2011 08:18 PM
"I'm the bride at every funeral, I'm the corpse at every wedding..." --Brother Theodore
... and don't blame me-- I voted for Bob Barr in 2008.
Only COWARDS hide behind anonymous Karma.
LookingAround  (OP)

User ID: 1329674
United States
06/14/2011 11:17 PM

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Re: Citigroup 2005 memo - must read... Plutonomy
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.
 Quoting: Monkeyfister


Nice synopsis.
I have been on GLP long time. I'm old and young.. .
Anonymous Coward
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06/15/2011 04:45 AM
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Re: Citigroup 2005 memo - must read... Plutonomy
Ann Rand economics.

It's the driving philosophical force behind wall street.
Greenspan was at her funeral in the 80's. Brought a giant flower arrangement snapped like a dollar bill symbol and propped it up next to her casket. No lie.

All philosophies work for a time then become unbalanced and fracture. That's where we are now. The fracture breaking point.

We must rediscover neutrality and balance once again....if it's even possible.
LookingAround  (OP)

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06/15/2011 08:47 AM

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Re: Citigroup 2005 memo - must read... Plutonomy
Ann Rand economics.

It's the driving philosophical force behind wall street.
Greenspan was at her funeral in the 80's. Brought a giant flower arrangement snapped like a dollar bill symbol and propped it up next to her casket. No lie.

All philosophies work for a time then become unbalanced and fracture. That's where we are now. The fracture breaking point.

We must rediscover neutrality and balance once again....if it's even possible.
 Quoting: Anonymous Coward 963319


Good point.
I have been on GLP long time. I'm old and young.. .
Anonymous Coward
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06/15/2011 09:53 AM
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Re: Citigroup 2005 memo - must read... Plutonomy
. . . .
[W]e think that global capitalists are going to be getting an even greater share of the wealth pie over the next few years, as capitalists benefit disproportionately from globalization and the productivity boom, at the expense of labor.
. . . .

 Quoting: LookingAround


Ok, now if this doesn't give anyone enough reason to take their money out of the bank and resist this evil then I do not know what will. Pure evil. Must be stopped now.
Anonymous Coward
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06/15/2011 10:02 AM
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Re: Citigroup 2005 memo - must read... Plutonomy
resist

Vampire Capitalism
Monkeyfister

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06/16/2011 04:14 PM
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Re: Citigroup 2005 memo - must read... Plutonomy
OP

The links has been taken down by Citi's Legal thugs, Any ideas on where we can hang these out of their reach?

From the scribd site:
"This content was removed at the request of Kilpatrick Townsend & Stockton LLP"

The goons and shills are out there.
"I'm the bride at every funeral, I'm the corpse at every wedding..." --Brother Theodore
... and don't blame me-- I voted for Bob Barr in 2008.
Only COWARDS hide behind anonymous Karma.
LookingAround  (OP)

User ID: 1329674
United States
06/16/2011 11:38 PM

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Re: Citigroup 2005 memo - must read... Plutonomy
OP

The links has been taken down by Citi's Legal thugs, Any ideas on where we can hang these out of their reach?

From the scribd site:
"This content was removed at the request of Kilpatrick Townsend & Stockton LLP"

The goons and shills are out there.
 Quoting: Monkeyfister


Maybe GLP has a repository for documents.
I have been on GLP long time. I'm old and young.. .
Anonymous Coward
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06/20/2011 12:31 PM
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Re: Citigroup 2005 memo - must read... Plutonomy
Not sure I get the point of this post. Citi isn't saying anything in those memos that isn't true.
Revolution

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08/07/2011 10:40 PM
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Re: Citigroup 2005 memo - must read... Plutonomy
PDF's

[link to www.cps-news.com]

[link to www.cps-news.com]


These have been removed many times since being on the net...
 Quoting: LookingAround

Here's a link that works, I just tried it:

[link to www.google.com]

I cheated a bit here. I fear the link will get me banned, so I posted it as a Google search. If everything works the way I think it does, you will be able to click my link, and then copy the web address from the search bar.
"when injustice becomes law, resistance becomes duty"—Adam Kokesh

“Then join hand in hand, brave Americans all! By uniting we stand, by dividing we fall!”—John Dickenson, The Liberty Song

"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen.”—Samuel Adams

"When you see that trading is done, not by consent, but by compulsion - when you see that in order to produce, you need to obtain permission from men who produce nothing - when you see that money is flowing to those who deal, not in goods, but in favors - when you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you - when you see corruption being rewarded and honesty becoming a self-sacrifice - you may know that your society is doomed."—Ayn Rand
Looking Around  (OP)

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12/19/2011 02:23 PM

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Re: Citigroup 2005 memo - must read... Plutonomy
Reminder bump

This is what GLP was talking about long before the 1% crowd was yelling. Documents are harder to find Citi doesn't like that they are published.
I have been on GLP long time. I'm old and young.. .
Anonymous Coward
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12/19/2011 02:31 PM
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Re: Citigroup 2005 memo - must read... Plutonomy
Nazi bank.
ShadowDancer

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12/19/2011 03:39 PM
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Re: Citigroup 2005 memo - must read... Plutonomy
bump






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Anonymous Coward
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11/02/2013 02:25 PM
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Re: Citigroup 2005 memo - must read... Plutonomy
CitiGroup and their globalist schemes.
Where would they be without Communist Capitalism (aka China)
Anonymous Coward
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04/17/2016 12:20 PM
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Re: Citigroup 2005 memo - must read... Plutonomy
Pro Globalists vs Pro Nationalists

As the Citigroup Memo Predicted back in 2005, the masses are fighting back against the establishment with selections like Trump and Bernie

If they are plants remains to be seen, but the point is they are against crony capitalism.
Anonymous Coward
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04/17/2016 12:22 PM
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Re: Citigroup 2005 memo - must read... Plutonomy
Excellent find, OP!!!

Explains everything-- from the way the Plutocrats treat the rest of us, to the fact that the Income Gap is a manufactured feature, and not a bug.

These Banksters need to be moved into VERY SMALL, subterranean apartments as soon as possible.

:banksters:
 Quoting: Monkeyfister


How about moving them under the foundation instead?
Anonymous Coward
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05/11/2019 07:34 PM
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Re: Citigroup 2005 memo - must read... Plutonomy
And here we are in 2019, fighting backing against them.
The Citigroup Memo also points out, they will get away with it as long as they can unless the populace get fed up with them and fight back.





GLP