From Edward Fullbrook “Plutonomy” is the word that Wall Street and City bankers use in private to designate the political economy in which they operate and in which today we all live. They go to great trouble to keep us 99% ignorant of their perceptions of today’s economic and political realities, and which their “plutonomy” concept reveals. In November 2010, I put up the post Citigroup attempts to disappear its Plutonomy Report #2 which was viewed over 40,000 times. It included links to Citigroup’s Plutonomy Reports 1 and 2, but Citigroup soon succeeded in having those links blocked. In January 2011 I put up the post New links for secret Citigroup Plutonomy Reports. But in June 2011, Citigroup succeeded in also closing down those links. Here is an account of how they did it,
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from Edward Fullbrook
“Plutonomy” is the word that Wall Street and City bankers use in private to designate the political economy in which they operate and in which today we all live. They go to great trouble to keep us 99% ignorant of their perceptions of today’s economic and political realities, and which their “plutonomy” concept reveals.
In November 2010, I put up the post Citigroup attempts to disappear its Plutonomy Report #2 which was viewed over 40,000 times. It included links to Citigroup’s Plutonomy Reports 1 and 2, but Citigroup soon succeeded in having those links blocked.
In January 2011 I put up the post New links for secret Citigroup Plutonomy Reports. But in June 2011, Citigroup succeeded in also closing down those links. Here is an account of how they did it, including some excerpts from the reports.
But recently someone sent me this link:
http://combatblog.net/wp-content/uploads/2011/12/Citigroup-Plutonomy-Report-Part-2.pdf
It is not exactly a good read, but nonetheless very interesting. It estimates that already in 2006 in the US the richest 5% possessed greater net worth than the bottom 95% combined.
I was also sent this:
After a little digging, I was able to find .jpeg images of all the pages of Parts 1 and 2 of the report. While they are not high-quality images, they are legible enough to download and read.
As of today (4/23/18), the images can be found at this link:
https://our99angrypercent.wordpress.com/
I am told that there also exists Plutonomy Report #3, but I have yet to access it