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link to the Citibank PLUTONOMY memo referenced in Capitalism: A Love Story

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nashville_brook Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-03-09 01:04 PM
Original message
link to the Citibank PLUTONOMY memo referenced in Capitalism: A Love Story
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SharonRB Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-03-09 01:08 PM
Response to Original message
1. I got a message that this might be a bad site
I blocked it.
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nashville_brook Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-03-09 01:12 PM
Response to Reply #1
2. i've never had any trouble with Scribd -- 50 million monthly users agree
Scribd is a document-sharing website which allows users to post documents of various formats, and embed them into a web page using its iPaper format. Scribd currently has more than 50 million monthly users and more than 50,000 documents are uploaded daily.
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HipChick Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-03-09 01:28 PM
Response to Reply #1
4. got the message from where?
Never had a problem with that site myself..
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nashville_brook Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-03-09 02:50 PM
Response to Reply #4
8. i've never received a message surfing there, either.
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AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-03-09 03:41 PM
Response to Reply #1
13. Thanks
Nice to have a link to that to refute any of my GOP friends who say it doesn't exist.
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nashville_brook Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-03-09 03:51 PM
Response to Reply #13
14. i was surprised at how long it's been around. March 5, 2006 is the date on it.
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ljm2002 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-03-09 01:26 PM
Response to Original message
3. Thanks for the link...
...interesting reading.
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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-03-09 01:34 PM
Response to Original message
5. I was just googling to try to find this.
Nothing came up.

Thank you!
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nashville_brook Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-03-09 02:48 PM
Response to Reply #5
7. I googled "citibank memo plutonomy" -- there's some interesting commentary in other
places. some having to do with gold speculation, which is interesting b/c who could read this memo and come away with 'gold speculation' being the point of interest?
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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-03-09 03:29 PM
Response to Reply #7
10. To a gold bug, everything is about gold speculation
I can see where they are getting that. References to gold being $800 and climbing.
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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-03-09 01:52 PM
Response to Original message
6. The money shot is on page 10. nt
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Nikki Stone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-03-09 02:51 PM
Response to Original message
9. Could you explain what this is for those of us not up on it?
Thanks

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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-03-09 03:31 PM
Response to Reply #9
11. It is a theme in Capitalism
Edited on Sat Oct-03-09 03:33 PM by Ruby the Liberal
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.

If you go to that link in the OP and scroll to page 10, you will see exactly why Moore made the movie.

Edit to add: It is a single paragraph, halfway down the page under the heading Risks: What Could Go Wrong
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AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-03-09 03:37 PM
Response to Reply #9
12. Citi Bank's report on how wonderful it is that 95% of the wealth
is controlled by 1% of the population.

It has this beautiful gem

"Whilst the rich are getting a greater share of the wealth and the poor a lesser share, political enfranchisement remains one person one vote"
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