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Fire Walk With Me

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2. But the collapse did not hurt the very rich. It -did- set the stage for them to steal massive

Thu Mar 14, 2013, 06:21 PM

Mar 2013

amounts of money since that time, and they have. Remember that the top 20% of the rich in the US, UK, and Canada are the "actual" economy; there is no "the consumer" according to the Citigroup "Plutonomy" memo. They may insulate themselves from economic difficulty and take advantage of us as we thrash about. For example, again from the memo, equities are the main asset of the very rich, with housing investments being that of the bottom 80%. I'm no economist but as far as I can tell, the housing bubble and subsequent land grab only enrich the rich and cause them no pain.

Scattered analysis of the Citigroup "Plutonomy" memo:
http://occupyobservations.blogspot.com/2013/02/the-leaked-2006-citigroup-plutonomy-memo.html

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