The Plutonomy Reports: Download the Economic Analysis Citigroup Doesn’t Want You To See (links at bottom of post)

Pissed Off Woman

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1. Old News, But Not Enough People Know It

This is old news, but old news that most people don’t know about, because Citigroup has been very successful in suppressing it.  Citigroup wrote memos in 2005 and 2006 addressed to investors, basically saying that the world is dividing up more and more into a small group of rich people who drive the economy, surrounded by a large number of poor people whose economic interests can be safely ignored.

They posit a few reasons for this change:

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.

I seem to recall reading a similar analysis in Naomi Klein’s “The Shock Doctrine”, only…

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The Best Christmas Present

This is written by my good fried Ian Grice, go to his site to see many, many more.

ianscyberspace

Christmas-Cards

Chapter 1 – The Ranch

Don sat on his apartment balcony watching evening traffic snake its way through the streets below. It was a rare experience for him to have time to do this as he was usually at work this time of the evening or tidying his desk to leave space for Ms Almeida the office cleaner to give his office her usual thorough clean overnight. She went about her business quickly and efficiently but had a smile for late workers and a greeting in heavily accented English when paths crossed. He’d passed her in the lobby wearing her trademark white overalls and wheeling a trolley as he exited the building and offered his usual pleasantries to door security.

He felt some affinity for Ms Almeida as in a sense they were both immigrants. She from a far country but he from the rolling plains of the mid-west where…

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