truedelphi
(1000+ posts)
|
Sun Oct-04-09 07:28 PM
Response to Reply #5 |
| 18. This is long winded but it shows how much clout Citi possesses |
 |
Edited on Sun Oct-04-09 07:33 PM by truedelphi
In Jan of 1994, due to a minor illness, I watched TV 24/7.
One of the wonderful things that was going on that week was that the Chiappas were in revolt. Not only that -- the friggin' Mainstream Media was responding like crazy. They actually sent CBS, NBC and ABC reporters down to the hills of the farming community. Local news casters allowed for the film videos of the young reporters taking the viewer into the insides of the revolting peasants' huts. Families that had a halfway decent set of dishes were considered "wealthy" because many families only had several eating implements to share among five six or more people. These opeople were poor in a way that most Americans could not envision - no running water, dirt floors, little in the way of stored food, etc.
The media was excited about it. They had detailed explanations of how oppressed these peasants were. How onerous the Mexican army sent in to fight against them. "Tune back in at 6 or 11 or tomorrow morning, and there will be even more," became an hourly promise.
"This is almost like Edward Murrow" thought I.
Friday early morning media had an update on the revolt. But then at the noon news feed, all that came up was a report that skater Nancy Kerrigan had her knee badly damaged by two guys with crude weapons. From that point on, the Nacy Kerrigan/Tonya Harding 24/7 was all that remained of news.
Over a decade later, in an article in Rolling Stone, it was revealed that Citibank put out the word that the coverage had to be squashed immediately.
And so it was.
Not one of the major news stations showed anything more about the Chiappas revolt. And it was at least ten days later that I read a small update (like on page 22) of the San Francisco Chronicle.
|
Citigroup's Shocking 'Plutonomy' Reports |
kpete |
Oct-04-09 12:51 PM |
#0 |

Even the rich are surprised we don't fight back!! |
Generic Other |
Oct-04-09 12:54 PM |
#1 |
 
When they feel they have nothing left to lose. |
Barack_America |
Oct-04-09 01:40 PM |
#7 |
  
Revolution |
Angry Dragon |
Oct-04-09 08:15 PM |
#32 |
 
Very soon, when the Middle Class is thrown into poverty |
Odin2005 |
Oct-04-09 08:11 PM |
#29 |
  
you think that a middle class exists? |
harmonicon |
Oct-04-09 08:37 PM |
#41 |
 
McCain set the boundary at 5 million/yr. |
Mithreal |
Oct-05-09 12:37 AM |
#66 |
 
Cause they scare people with all the crazy shit we are hearing on a |
WCGreen |
Oct-04-09 08:13 PM |
#31 |
 
We do have a simple rebelion option ... all that is required is SOLIDARITY |
jimlup |
Oct-04-09 09:07 PM |
#48 |
  
Has there ever been a reasonable rebellion? |
loudsue |
Oct-05-09 12:30 AM |
#65 |
  
You make a good point... |
KansDem |
Oct-05-09 09:23 AM |
#87 |
 
RE: "Right now, I've got a leaky water heater " |
LiberalAndProud |
Oct-05-09 12:44 PM |
#115 |
 
Never, and they know it |
Lorien |
Oct-05-09 02:08 AM |
#70 |
  
Can we please lay off the "watching TV" theme for once? It's not like DU doesn't have TV threads. |
WinkyDink |
Oct-05-09 07:38 AM |
#81 |
 
It is a valid point, however |
MorningGlow |
Oct-05-09 09:34 AM |
#91 |
 
Howard Zinn wrote of this |
riverbendviewgal |
Oct-05-09 07:07 AM |
#78 |
  
"the rich use the middle class as a buffer between the poor and them." |
redqueen |
Oct-05-09 11:22 AM |
#95 |
 
Even the rich can't believe their propaganda has worked this good for this long. |
harun |
Oct-05-09 09:28 AM |
#88 |

Disturbing on so many levels, particularly |
mix |
Oct-04-09 01:01 PM |
#2 |
 
It's simply BS. |
fasttense |
Oct-05-09 06:15 AM |
#75 |

Fasttense brings up some vital points... |
JHB |
Oct-05-09 08:00 AM |
#82 |

I think I can tell you why. Sadly. |
CTyankee |
Oct-05-09 09:00 AM |
#86 |

6.7 billion people on the planet, 300 million Americans |
leftstreet |
Oct-05-09 12:23 PM |
#108 |

An Excellent Analysis, Ma'am, Reminiscent Of Herr Kautsky Describing Imperial Rome |
The Magistrate |
Oct-04-09 01:32 PM |
#3 |
 
Such was France's economy structured from Louis XIV to the Third Republic. |
mix |
Oct-04-09 01:37 PM |
#4 |
  
Indeed, Sir, the Pattern Is A Common Enough One |
The Magistrate |
Oct-04-09 01:39 PM |
#6 |
 
Perhaps that is why they belittle the Arts & Science education |
WCGreen |
Oct-05-09 02:11 AM |
#71 |
 
It is the destruction of Republican Rome's middle class of free farmers that destroyed the Republic. |
Odin2005 |
Oct-04-09 08:19 PM |
#33 |

kick nt |
phasma ex machina |
Oct-05-09 01:59 AM |
#69 |

Kept tellin' you all that Citigroup is a criminal enterprise. |
aquart |
Oct-04-09 01:38 PM |
#5 |
 
They were the ones who petitioned the hardest for the repeal of Glass Steagal |
AllentownJake |
Oct-04-09 02:09 PM |
#12 |
 
This is long winded but it shows how much clout Citi possesses |
truedelphi |
Oct-04-09 07:28 PM |
#18 |
  
Fucking BASTARDS!!! |
Odin2005 |
Oct-04-09 08:23 PM |
#36 |
  
I think you should dig up more info on that. I believe you- it's just like a |
Occulus |
Oct-05-09 05:05 AM |
#74 |
 
Fuck Citibank |
ThePantaloon.com |
Oct-04-09 07:31 PM |
#19 |
 
How can Citigroup be blamed for telling the truth? |
MajorChode |
Oct-04-09 07:59 PM |
#23 |
  
because they lobbied hard for repeal of Glass-Steagall |
northernlights |
Oct-04-09 08:50 PM |
#44 |
   
Glass-Steagall has nothing to do with plutonomy |
MajorChode |
Oct-04-09 09:27 PM |
#52 |
  
Glass-Steagall had a lot to do with protecting the middle class |
northernlights |
Oct-05-09 12:33 PM |
#111 |
  
You're really reaching here |
MajorChode |
Oct-05-09 06:38 PM |
#128 |
  
Unfortunately.. |
sendero |
Oct-04-09 08:53 PM |
#45 |
 
Bullshit |
MajorChode |
Oct-04-09 09:10 PM |
#49 |
 
How much has Obama raised... |
sendero |
Oct-04-09 09:23 PM |
#51 |
  
So who do you think deserves most of the blame for that? |
MajorChode |
Oct-04-09 09:30 PM |
#53 |
   
The Democrats we have right now.. |
sendero |
Oct-04-09 09:41 PM |
#55 |
  
Give me a break |
MajorChode |
Oct-04-09 09:54 PM |
#56 |
  
Deleted message |
Name removed |
Oct-04-09 10:06 PM |
#57 |
  
Your childish name calling speaks volumes about you |
MajorChode |
Oct-04-09 10:18 PM |
#58 |
  
Just under 5% and that nearly caused a revolution |
stevenleser |
Oct-04-09 10:30 PM |
#59 |
 
But won't that increase when Bush's Tax Cuts for the rich expire in 2010? |
whathehell |
Oct-05-09 11:48 AM |
#102 |
 
enough to pass them. twice. that's all it takes. the others don't have to vote |
Hannah Bell |
Oct-05-09 08:27 AM |
#84 |
 
"enough" /= 99% |
MajorChode |
Oct-05-09 11:18 AM |
#93 |
 
if 1 vote is all that's needed to pass it, why would more go on record with an unpopular vote? |
Hannah Bell |
Oct-05-09 05:01 PM |
#119 |
 
Follow the thread backwards |
MajorChode |
Oct-05-09 05:50 PM |
#121 |
 
non-seq |
Hannah Bell |
Oct-05-09 05:53 PM |
#122 |
 
That's been your problem all along |
MajorChode |
Oct-05-09 06:11 PM |
#125 |
 
i don't have a problem. yours is you want to pretend dems don't collude in the ruling |
Hannah Bell |
Oct-05-09 06:19 PM |
#127 |
 
Oh yes, only the dyed in the wool card carrying Marxists have the one and only true answer |
MajorChode |
Oct-05-09 07:00 PM |
#129 |
 
Hence my invocation of the guillotine. |
Odin2005 |
Oct-04-09 08:21 PM |
#34 |

I can't believe they were stupid enough to put this in writing |
AllentownJake |
Oct-04-09 01:49 PM |
#8 |
 
Never underestimate the stupidity of Citi. |
aquart |
Oct-04-09 01:52 PM |
#10 |
  
They are in the most trouble of all the banks |
AllentownJake |
Oct-04-09 01:56 PM |
#11 |
 
Probably not stupidity but arrogance. |
harun |
Oct-05-09 09:30 AM |
#89 |

A rich man has only one vote unless you sell him yours. |
aquart |
Oct-04-09 01:50 PM |
#9 |
 
As we saw with the town hall meeting disruptors, there are plenty of sheep willing to do that. |
Catshrink |
Oct-04-09 02:15 PM |
#13 |
  
Fear |
Angry Dragon |
Oct-04-09 08:10 PM |
#27 |
 
Well said.. |
Catshrink |
Oct-04-09 08:35 PM |
#40 |
 
"A rich man has only one vote unless you sell him yours" |
Hubert Flottz |
Oct-05-09 04:49 AM |
#73 |
  
I beleive that this is what Sherlock Holmes refered to as ... |
wolfgangmo |
Oct-05-09 12:28 PM |
#110 |
 
anecdotal evidence |
NJCher |
Oct-05-09 09:00 AM |
#85 |
 
Keep in mind the difference between ownership and control |
wolfgangmo |
Oct-05-09 12:26 PM |
#109 |
 
but they have most of the money. |
Hannah Bell |
Oct-05-09 06:02 PM |
#123 |

All the more reason to discredit Acorn: |
Helga Scow Stern |
Oct-04-09 02:24 PM |
#14 |

Hey...the report gives out e-mail addresses!! |
dixiegrrrrl |
Oct-04-09 04:00 PM |
#15 |

One inevitable result from Plutonomy is national ignorance and |
Uncle Joe |
Oct-04-09 06:23 PM |
#16 |

There is only one way to stop this. |
Leftist Agitator |
Oct-04-09 07:23 PM |
#17 |
 
is silk strong enough to make nooses? |
datasuspect |
Oct-04-09 07:34 PM |
#20 |

Spider silk is stronger than steel. (nt) |
w4rma |
Oct-04-09 07:56 PM |
#21 |

Here's the fundamental reality that many on DU (and everywhere else) can't fathom |
MajorChode |
Oct-04-09 07:56 PM |
#22 |
 
Yep, it's the "L" curve at work... |
Fumesucker |
Oct-04-09 08:04 PM |
#24 |
 
One could make the income tax more progressive. |
Selatius |
Oct-04-09 08:10 PM |
#28 |
  
It's far deeper than that |
MajorChode |
Oct-04-09 08:31 PM |
#38 |
 
As it stands, there is a FICA cap on income roughly over 100,000. |
Selatius |
Oct-04-09 08:41 PM |
#42 |
 
That's exactly what I'm suggesting |
MajorChode |
Oct-04-09 08:58 PM |
#46 |
 
The boomers are mostly all dead by 2040. & the mid-range SS forecasts you |
Hannah Bell |
Oct-05-09 06:10 PM |
#124 |
 
I don't think that's what's going on here. |
DireStrike |
Oct-04-09 08:31 PM |
#39 |
  
I didn't say most, I said many |
MajorChode |
Oct-04-09 08:49 PM |
#43 |
 
Accumulation of capital as a means of earning a living is, itself, one of the prime causes of |
Greyhound |
Oct-05-09 12:00 PM |
#103 |
 
Interesting theory |
MajorChode |
Oct-05-09 07:17 PM |
#130 |
 
It's worse than that MC |
stevenleser |
Oct-04-09 10:32 PM |
#60 |
  
The only wealth tax I can really get behind is an inheritance tax |
MajorChode |
Oct-04-09 10:51 PM |
#61 |
 
The Capital Gains tax needs a huge hike. Or it needs to be considered income and included in the |
w4rma |
Oct-05-09 12:12 AM |
#64 |
  
It is considered income, it's just a "special" type of income |
MajorChode |
Oct-05-09 11:28 AM |
#96 |
 
That sounds to me like a good solution, on the surface. (nt) |
w4rma |
Oct-05-09 11:19 PM |
#133 |
 
+1, tax wealth more, wage income less. |
harun |
Oct-05-09 09:32 AM |
#90 |
 
It's that tried and true tactic - divide and conquer. |
redqueen |
Oct-05-09 11:28 AM |
#97 |
 
What is the top bracket when Bush's tax cut expires? |
LiberalAndProud |
Oct-05-09 12:51 PM |
#116 |

approximately the rates of the clinton admin. |
Hannah Bell |
Oct-05-09 06:13 PM |
#126 |

As long as the super-rich have enough men with guns to protect them, then |
valerief |
Oct-04-09 08:09 PM |
#25 |
 
They have enough now...but if the shit really flies they will never have enough.... |
RagAss |
Oct-04-09 08:23 PM |
#35 |

We gotta start catapulting some shit then! nt |
valerief |
Oct-04-09 08:27 PM |
#37 |

Time to take these arrogant fuckers to the guillotine! |
Odin2005 |
Oct-04-09 08:09 PM |
#26 |
 
Deleted message |
Name removed |
Oct-04-09 08:11 PM |
#30 |

bookmarked. K&R |
Soylent Brice |
Oct-04-09 09:05 PM |
#47 |

bookmarked. K&R |
snagglepuss |
Oct-04-09 09:16 PM |
#50 |

K&R |
Kitty Herder |
Oct-04-09 09:34 PM |
#54 |

"The Family" by Jeff Sharlet talks about those people. They make no bones |
alfredo |
Oct-04-09 11:12 PM |
#62 |

We could dust off a guillotine for the let them eat cake set. |
Vidar |
Oct-04-09 11:27 PM |
#63 |

Plutonomy....what a crock of shit!! |
CoffeeCat |
Oct-05-09 01:39 AM |
#67 |
 
The arguments presented in the Citigroup memo are bit persuasive. |
JDPriestly |
Oct-05-09 03:25 AM |
#72 |
 
They are saying that "we" aren't in a recession. Meaning, "we plutocrats" |
izzybeans |
Oct-05-09 11:18 AM |
#94 |

Top 10% get 25% of income, top 20% get 40%. Bottom 80% get 60%, some in transfer payments. |
Hannah Bell |
Oct-05-09 01:48 AM |
#68 |
 
Numbers are a bit off, I just looked them up a few days ago and the top 1% takes over 30%, |
Greyhound |
Oct-05-09 12:14 PM |
#104 |
  
pre-tax. |
Hannah Bell |
Oct-05-09 05:45 PM |
#120 |
 
Gini index |
lumberjack_jeff |
Oct-05-09 12:40 PM |
#114 |

Plutonomy + Republiconism |
SpiralHawk |
Oct-05-09 06:36 AM |
#76 |

Relevant OpEd from today's NYT |
Danascot |
Oct-05-09 07:05 AM |
#77 |
 
How suprising. Possessing $1.3 trillion, the wealthy might have bailed themselves out. |
caseymoz |
Oct-05-09 09:40 AM |
#92 |

Saw Moores flick last night |
voteearlyvoteoften |
Oct-05-09 07:14 AM |
#79 |

They don’t see this happening yet because they keep us pacified |
liberal N proud |
Oct-05-09 07:24 AM |
#80 |
 
Not only do they keep us pacificed, they've successfully branded |
Arugula Latte |
Oct-05-09 11:31 AM |
#98 |

Once again, thank-you Michael Moore. Great film exposing amazing corruption. nt |
polichick |
Oct-05-09 08:01 AM |
#83 |

They have successfully devised a system |
Turbineguy |
Oct-05-09 11:36 AM |
#99 |

I recommend this post, the poster, & M. Moore's movie! (whether one agrees, or not) nt |
2 Much Tribulation |
Oct-05-09 11:36 AM |
#100 |

K&R |
Echo In Light |
Oct-05-09 11:40 AM |
#101 |

K&R |
leftstreet |
Oct-05-09 12:15 PM |
#105 |

K&R |
Orwellian_Ghost |
Oct-05-09 12:16 PM |
#106 |

kick for later reading... |
Blue_Tires |
Oct-05-09 12:23 PM |
#107 |

Time to get a little 1789 on their ass! "Liberté, égalité, fraternité, ou la mort!" n/t |
NoodleyAppendage |
Oct-05-09 12:35 PM |
#112 |
 
... |
Arugula Latte |
Oct-05-09 12:52 PM |
#117 |

i think homer simpson said it best...........DOH! |
happygoluckytoyou |
Oct-05-09 12:36 PM |
#113 |

... |
redqueen |
Oct-05-09 02:49 PM |
#118 |

When was this initially leaked? How did the corporate media ignore it for so long? |
NAO |
Oct-05-09 07:59 PM |
#131 |

K & R |
AzDar |
Oct-05-09 08:10 PM |
#132 |