Can We Just Agree that Everything is Fake? The American Aristocracy is Real.

[Fire Walk With Me]

78. Every DUer, every American should read "The Plutonomy Symposium: Rising Tides Lifting Yachts".

21 pages of straight talk, the ultra-rich speaking to each other in their own language, revealing many interesting things:


http://www.box.com/shared/9if6v2hr9h


"Plutonomy: Buying Luxury, Explaining Global Imbalances"

"Little of this note should tally with conventional thinking. Indeed, traditional thinking is likely to have issues with most of it. We will posit that:

1) the 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."



Download three “secret” Citigroup “Plutonomy” reports

http://our99angrypercent.wordpress.com/2011/11/27/download-citigroup-plutonomy-memos/