Staggering US wealth inequality heaps long-term harm on to minority children

[Madrox]

We need to start with some real reference points of what TO do in this climate, instead of just pointing to what NOT to do....

What are some solutions for us, the everyday black man / family to still move forward and hit singles while being cognizant of the larger issues?

What are some of you cats doing in your own lives to overcome the issues you're mentioning?

 

[KunningLinguist]

Typical bgol....

Derailed thread filled with arguing

 

[Lexx Diamond]

Why did they try to downplay that Hispancs are doing 4 times better? Also, this shit is grim all the way around because they are counting primary residences as assets. There's a reason why that shit don't help with becoming an accredited investor. 60 fucking thousand counting primary residence is poor.

So basically, U.S. is a mess and black folks getting the worst end of it all. It's only getting worse because everyone in the slow cooker. What's worse is that people think they going to vote themselves out of this shit.

Financial education is key. Not history. Not gender studies. Not learning most that other bullshit they got children locked down from 8-3 learning. Parents got to use this Internet to figure the game out then teach their children. Otherwise they repeat the cycle.

Better yet why not highlight the progress of white supremacy. WASP's brought in Hispanics to do work for slave wages. Mind you hard was all good when Black people were doing it for free for centuries. So good that this nation is built on it and generational wealth funnels through to this day. For the love of life and unity I impress upon my Black American brothers and sisters to respect the difference between race and ethnicity.

 

[gene cisco]

Better yet why not highlight the progress of white supremacy. WASP's brought in Hispanics to do work for slave wages. Mind you hard was all good when Black people were doing it for free for centuries. So good that this nation is built on it and generational wealth funnels through to this day. For the love of life and unity I impress upon my Black American brothers and sisters to respect the difference between race and ethnicity.

Why stop there though? They also imported all the H-1B Asians to do the white collar jobs instead of training black children for those careers. They create the prison industrial complex thanks to these fool ass coons falling for the drug war and basically begging the cacs to lock people up. At the same time, importing hispanics for the grunts and Asians for the top work.

Now a black leadership fail that allows that to happen without a fight is either the worst case of incompetence, worst case of corruption, or a combination of both. And to this very fucking day the shills on MSNBC, CNN, etc push the same bullshit on the masses. How fools not winning economically cheering for their replacements? And then MOST the replacements basically adopt all the attributes of racism.

 

[xfactor]

Why stop there though? They also imported all the H-1B Asians to do the white collar jobs instead of training black children for those careers. They create the prison industrial complex thanks to these fool ass coons falling for the drug war and basically begging the cacs to lock people up. At the same time, importing hispanics for the grunts and Asians for the top work.

Now a black leadership fail that allows that to happen without a fight is either the worst case of incompetence, worst case of corruption, or a combination of both. And to this very fucking day the shills on MSNBC, CNN, etc push the same bullshit on the masses. How fools not winning economically cheering for their replacements? And then MOST the replacements basically adopt all the attributes of racism.

Any so-called black person that is pro-immigrant / pro-globalism is an enemy to the community.

 

[xfactor]

Typical bgol....

Derailed thread filled with arguing

That’s intentional. There are people in this thread throwing all kind of shit out there that is irrelevant. Somebody even said so-called white and Asian parents demand excellence when they get beat out in everything when the system isn’t rigged in their favor

 

[gene cisco]

We need to start with some real reference points of what TO do in this climate, instead of just pointing to what NOT to do....

What are some solutions for us, the everyday black man / family to still move forward and hit singles while being cognizant of the larger issues?

What are some of you cats doing in your own lives to overcome the issues you're mentioning?

Financial literacy. All day, every day. Folks either get down or get the fuck out the way. If that's your wife or husband, so be it. What good is it if you make it and they keep upgrading and spending? So you get 7 figures in the bank, now your SO want's bigger liabilities before your assets can pay for them. Educate them and make sure they stick to the program, or you will bleed out slowly.

Once financial literacy is learned and people understand the game, singles are easy. Bases loaded damn near every fucking time. Especially for young people who don't have to take as much risk as us older folks(40s on up).

Financial literacy is the key to money replicating like a virus. Fuck politics, entertainment, etc. Lock yourself up with books/videos on everything from the markets to taxes to real estate to banking to business and go get it. Got to get your hands dirty and try shit. I don't even keep tabs on shit I read or watch. I just consume all info and apply it. Keep what works for me.

 

[Camille]

Financial literacy. All day, every day. Folks either get down or get the fuck out the way. If that's your wife or husband, so be it. What good is it if you make it and they keep upgrading and spending? So you get 7 figures in the bank, now your SO want's bigger liabilities before your assets can pay for them. Educate them and make sure they stick to the program, or you will bleed out slowly.

Once financial literacy is learned and people understand the game, singles are easy. Bases loaded damn near every fucking time. Especially for young people who don't have to take as much risk as us older folks(40s on up).

Financial literacy is the key to money replicating like a virus. Fuck politics, entertainment, etc. Lock yourself up with books/videos on everything from the markets to taxes to real estate to banking to business and go get it. Got to get your hands dirty and try shit. I don't even keep tabs on shit I read or watch. I just consume all info and apply it. Keep what works for me.

If you come across any helpful financial info, can you post it?

 

[sharkbait28]

Lol… y’all still arguing with Tito “the Civil War wasn’t mainly about Slavery!” Jackson?

Dude is dumb as shit.

I’m legit bored of these arguments but if you’re not able to connect the dots between centuries of slavery and disenfranchisement (that has literally continued into your own family’s lifetimes) and these outcomes, you might wanna just fuckin end it all

Whats the point of going fwd when you think of yourself like a CAC thinks of you?

 

[dHustla]

Tito, what you are failing to take into account is that classes of people are created by government policy. The white middle-class was created by post-WWII government policy. The Black “underclass” was created by government policy, or, rather, benign neglect, which is a form of policy unto itself.

I have never heard it put like that.

Damn, we trying to play connect four inside of parameters that make expansion not possible.

 

[dHustla]

What We Get Wrong About Closing the Racial Wealth Gap

Key Findings

• The median black household holds just ten percent of the wealth of median white household, and while blacks constitute thirteen percent of America’s population, they hold less than three percent of its wealth.
• None of the myths commonly offered to explain away the racial wealth gap–a need for greater educational attainment, homeownership, or entrepreneurship; a lack of proper savings behavior, financial literacy, or commitment to “buying and banking black”; or a renewed focus towards soft skills, personal responsibility, improved family structures, or emulating successful minorities–come close to accounting for the vastness of the gap.
• Often these myths aren’t just wrong, but the exact opposite is true. For example, on the topic of savings behavior: “A study conducted by the Institute on Assets and Social Policy using the 2013 Survey of Consumer Finances found that, at comparable levels of income, whites spend 1.3 times more than blacks.” Or, when it comes to prioritizing education, black families tend to be more supportive of children’s education (through direct financial support) than white families in similar households and socioeconomic positions.

Damn, so even if wvery black person did everything right, all of the things in red bold, for a whole generation, it would only move the needle a little bit?

Fuck, I gotta get out this country. I knew it was bad, but this is some doomsday shit

 

[dHustla]

Start here. Challenge your BGOL brethren who say black men should never get married. Who think tearing a woman down and rudely pointing out flaws and whats wrong with her in the most hurtful and embarrassing way possible is somehow going to encourage her to do better and encourage change instead of making her defensive, resentful, and possibly causing her to become depressed and try even less. Who don't want to take on a leadership role, yet want to sit in judgement of every thing and every one who isn't doing as well as they are. Who don't recognize their own failings and how they contribute to all the things they say they despise when it comes to black folks vs other races/cultures.

This.

I had to change a lot about how I approached life. I had to be the change I wanted to see.

I don't deal with women the same, I don't speak the same, I don't have the same priorities, my values changed and with all these things my behavior changed, my decisions changed.

I don't tear women down, I tell them they can do better, or "you look much better in your natural state", I teach people even in casual convos with stranger about things they're not knowledgeable about instead of silently judging them and letting them continue to sound ignorant. I lead by example, even when it ain't convenient.

Shit takes patience, man. And persistence.

Also, I shop black. "TRUE" Laundry detergent is black owned. Freedom Paper Company is black owned & makes bathroom tissue, paper towels, trash bags, etc. I stopped buying Ralph & other white labels & brands.

 

[Tha Baldavenger]

black people spend their money on flossing, and consumption items. Shit ain't going to change....sad reality.

 

[dHustla]

black people spend their money on flossing, and consumption items. Shit ain't going to change....sad reality.

Not true. People in my circle buy land, property, investment vehicles.

 

[dHustla]

If you come across any helpful financial info, can you post it?

Economic Facts and Fallacies by Thomas Sowell (Audiobook)

 

[gene cisco]

If you come across any helpful financial info, can you post it?

I always do. Folks have made millions in the stocks and crypto threads. The board been talking about short-term and long-term plays. What all this 'money printing' means(different schools of thought on how it plays out). Etc.

Go to youtube and search 'history of money and banking". Saves you time having shit read to you while you do other things(They basically have audio books on youtube). You then DYOR on shit they say, naturally. You'll know all the names to look up. Once you get a deep understanding, you won't look at money the same again. You'll find yourself asking everyone around you about it and then realizing how true it is that most people asleep and so is their fucking money.

You see these real estate prices in Ohio? Up here, it's damn near 100k to live in the hood. Fucking Ohio. Just was 50 or less. Folks ain't going to long-term wage out of this. Sadly, most will be trading time for money until they die unless they take the time to understand money and how to put it to work.

I've seen it said that poor people save because they have more money than their thinking capacity while rich borrow because they have more ideas than money. In a country that made money debt, that's something to wrap your head around.

black people spend their money on flossing, and consumption items. Shit ain't going to change....sad reality.

Most Americans do that shit. When whites do it, they just do it differently. The more sinister wealth destroyer is people living right just to their means and then putting their money to sleep every fucking chance they get. Everyone is just taught to consume and be good little bots. They lock folks up in school, then cubicle cages, then coffins.

 

[Camille]

I always do. Folks have made millions in the stocks and crypto threads. The board been talking about short-term and long-term plays. What all this 'money printing' means(different schools of thought on how it plays out). Etc.

Go to youtube and search 'history of money and banking". Saves you time having shit read to you while you do other things(They basically have audio books on youtube). You then DYOR on shit they say, naturally. You'll know all the names to look up. Once you get a deep understanding, you won't look at money the same again. You'll find yourself asking everyone around you about it and then realizing how true it is that most people asleep and so is their fucking money.

You see these real estate prices in Ohio? Up here, it's damn near 100k to live in the hood. Fucking Ohio. Just was 50 or less. Folks ain't going to long-term wage out of this. Sadly, most will be trading time for money until they die unless they take the time to understand money and how to put it to work.

I've seen it said that poor people save because they have more money than their thinking capacity while rich borrow because they have more ideas than money. In a country that made money debt, that's something to wrap your head around.


Most Americans do that shit. When whites do it, they just do it differently. The more sinister wealth destroyer is people living right just to their means and then putting their money to sleep every fucking chance they get. Everyone is just taught to consume and be good little bots. They lock folks up in school, then cubicle cages, then coffins.

I'm not comfortable with stocks or crypto. Seems like there is so much to learn, that I don't know where to start, but I've been looking into some financial books and stuff. Right now I'm trying to pay down all my credit cards.

 

[gene cisco]

I'm not comfortable with stocks or crypto. Seems like there is so much to learn, that I don't know where to start, but I've been looking into some financial books and stuff. Right now I'm trying to pay down all my credit cards.

There is a ton to learn, but I'd start with banking first. Learn how the system/money works at the most basic level. Then you can decide how you wish to play the game. Some just do businesses. Some real estate. Others stocks. Others crypto. Point is all rich people in at least one of them. Stocks/crypto just the easiest to enter.

 

[Tito_Jackson]

Tito, what you are failing to take into account is that classes of people are created by government policy. The white middle-class was created by post-WWII government policy. The Black “underclass” was created by government policy, or, rather, benign neglect, which is a form of policy unto itself.

I have fully taken this into account. My response is still the same, what is stopping you or any other black person from doing the things within your power to do? Do better in school. Buy a starter home. Invest money. Spend less. Learn a new skill.

You either didn't read what I wrote or you don't fully comprehend it.

I never said blacks students graduate at a higher rate than white. Working in a school I know that black schools are under resourced. I said my school graduates at a higher rate than the avg in the city and is located in an impoverished neighborhood where these parents you speak poorly reside.

As far as my attitude being if it's too hard why try that's bullshit. Working hard is fine but it doesn't work for everybody because of other factors. The stereotype that poor people don't work hard is rooted in racism and false. The generalizations must stop. Some people work hard and still can't get that job. Others work hard and achieve working for whitey the rest of their lives making him rich. You want to paint all poor black people with one brush but I work in this area and I see all types

This is our fundamental disagreement. We have to encourage our youth to work hard at all costs. Period. We have to encourage our youth to overcome these "factors" you speak of no matter how hard it may seem. We also have to assist our youth in overcoming these factors and not allowing them to feel as though they are doing this alone. Our schools have always been underresourced. OK, we know this. What are we going to do? Feel sorry for ourselves and do nothing. Are we just going to wait for "whitey" to one decide to help us? (That Lift Every Voice Plan is doing wonders for us right now.) Or are we going to do what we have been doing for years, attempting to succeed despite to adversities?

You have too much focus on whitey. As long as we breathe, in this society, someone is going to make money off of you in some capacity. Knowing the "game," why not teach and encourage our brothers and sisters to maximize his or her position while playing the game? Be a nurse, doctor, scientist, IT, contractor, electrician, plumber, etc. Any of these jobs will put a black person WELL above the median income level for black folks. The white man can not stop you from achieving this. Invest $25 a week. How can the white man stop you from doing this? In today's market ANYONE, get an extra job at McD's and invest the entire paycheck. How can the white man stop you from doing this? Fix your credit save a few dollars and buy a starter home. How can the white man stop you from doing this in 2021?

The white man isn't stopping us, it's many black men and their poor attitude.

I have zero tolerance for any brother or sister who does not believe that we are capable of much more than we are doing at this present moment.

Again, we have to ask ourselves, despite what I know about racism etc, what am I doing to contribute to my own demise? What could I be doing right now to improve my situation?

Lol… y’all still arguing with Tito “the Civil War wasn’t mainly about Slavery!” Jackson?

Dude is dumb as shit.

I’m legit bored of these arguments but if you’re not able to connect the dots between centuries of slavery and disenfranchisement (that has literally continued into your own family’s lifetimes) and these outcomes, you might wanna just fuckin end it all

Whats the point of going fwd when you think of yourself like a CAC thinks of you?

Ah, the resident thread derailer. Never anything of substance.

I maintain my position that the Civil War was a 'Bankers War" instigated by the Rothchild's, who created and still owns the Federal Reserve Bank. Why did they want/ need a war? Because the US at the time was against a national bank and against being beholden to a private bank for money. Nonetheless, because of the Civil War, the bankers achieved their goal. The first national currency was established during the Civil War. The National Bank Act of 1863 was enacted setting the stage for the Federal Reserve. Fast forward to 2021, The "Fed" prints the US currency at a 6.2 cents for every dollar bill and 11.2 cents for every 20 dollar bill. The US also has to pay "interest" on this printed money because we can not directly back it since we do not use gold anymore. Surprised?? That's right, our money is not back by gold or any precious metal anymore. So, for every dollar the US prints, we are more in debt the second it is printed. This is why the Civil War was instigated using slavery as a guise. The ultimate money grab. The US is merely a financial institution for bankers.

But, this level of intellect supersedes your 3rd-grade comprehension. Please take your still thinking Pluto is a planet dumbass somewhere and go mop some floors you scrub. Hit me when you are ready for more right knowledge.

 

[Tito_Jackson]

There is a ton to learn, but I'd start with banking first. Learn how the system/money works at the most basic level. Then you can decide how you wish to play the game. Some just do businesses. Some real estate. Others stocks. Others crypto. Point is all rich people in at least one of them. Stocks/crypto just the easiest to enter.

Good advice.

I'm not comfortable with stocks or crypto. Seems like there is so much to learn, that I don't know where to start, but I've been looking into some financial books and stuff. Right now I'm trying to pay down all my credit cards.

I would also strongly suggest not waiting. You will always have an excuse why you can't start investing. But, you and I know that $20 here and there could have been saved and placed in an investment account. I along with others have shared detailed road maps regarding getting started. At some point you have to make the effort and just go for it.

Time is a depreciating asset that you can not get back. Before you know it, 5, 10, 20 years have passed and you will be still waiting for the perfect time to get started. I assure you, there will never be a more perfect time than right now.

 

[Mrfreddygoodbud]

I have fully taken this into account. My response is still the same, what is stopping you or any other black person from doing the things within your power to do? Do better in school. Buy a starter home. Invest money. Spend less. Learn a new skill.

This is our fundamental disagreement. We have to encourage our youth to work hard at all costs. Period. We have to encourage our youth to overcome these "factors" you speak of no matter how hard it may seem. We also have to assist our youth in overcoming these factors and not allowing them to feel as though they are doing this alone. Our schools have always been underresourced. OK, we know this. What are we going to do? Feel sorry for ourselves and do nothing. Are we just going to wait for "whitey" to one decide to help us? (That Lift Every Voice Plan is doing wonders for us right now.) Or are we going to do what we have been doing for years, attempting to succeed despite to adversities?

You have too much focus on whitey. As long as we breathe, in this society, someone is going to make money off of you in some capacity. Knowing the "game," why not teach and encourage our brothers and sisters to maximize his or her position while playing the game? Be a nurse, doctor, scientist, IT, contractor, electrician, plumber, etc. Any of these jobs will put a black person WELL above the median income level for black folks. The white man can not stop you from achieving this. Invest $25 a week. How can the white man stop you from doing this? In today's market ANYONE, get an extra job at McD's and invest the entire paycheck. How can the white man stop you from doing this? Fix your credit save a few dollars and buy a starter home. How can the white man stop you from doing this in 2021?

The white man isn't stopping us, it's many black men and their poor attitude.

I have zero tolerance for any brother or sister who does not believe that we are capable of much more than we are doing at this present moment.

Again, we have to ask ourselves, despite what I know about racism etc, what am I doing to contribute to my own demise? What could I be doing right now to improve my situation?

Ah, the resident thread derailer. Never anything of substance.

I maintain my position that the Civil War was a 'Bankers War" instigated by the Rothchild's, who created and still owns the Federal Reserve Bank. Why did they want/ need a war? Because the US at the time was against a national bank and against being beholden to a private bank for money. Nonetheless, because of the Civil War, the bankers achieved their goal. The first national currency was established during the Civil War. The National Bank Act of 1863 was enacted setting the stage for the Federal Reserve. Fast forward to 2021, The "Fed" prints the US currency at a 6.2 cents for every dollar bill and 11.2 cents for every 20 dollar bill. The US also has to pay "interest" on this printed money because we can not directly back it since we do not use gold anymore. Surprised?? That's right, our money is not back by gold or any precious metal anymore. So, for every dollar the US prints, we are more in debt the second it is printed. This is why the Civil War was instigated using slavery as a guise. The ultimate money grab. The US is merely a financial institution for bankers.

But, this level of intellect supersedes your 3rd-grade comprehension. Please take your still thinking Pluto is a planet dumbass somewhere and go mop some floors you scrub. Hit me when you are ready for more right knowledge.

lol I dont know about the beef with dude....but what you stated about bankers

and their wars is nothing but FACTS...

Exactly ALL wars are tools used to steal land, resources and property...... what the fuck you think

not you per se

just sayin...

the Iraqi war was about, that shit was one fuckin big LOOTING show...what was that called

the WAR ON TERROR yea ok..ask the Iraqi people where the terror came from.... if you said the usa corporation ding ding ding chicken dinner muthafucka youse a winna

the fact that bankers conspire, manipulate and profit off ALL wars

. thats not even up for fuckin debate...so you are correct about it being a bankers war... its always a bankers war,

we know this.. because no matter who wins... the banker always comes out on top.. just like he planned it..

bruh ALL WARS even the war on Drugs...

bruh folks dont realize how much land and property was "SEIZED" under the

so called fake ass drug war.....do you know how much bankers and banks make

and continue to make off the so called drug war... bruh...


sooner or later people will peep game and not always

run with the mind fuckery that is the mass media

narrative....

 

[MissMighty]

Now days, when they speak about the "BLACK FAMILY" this references a new structure which is no Father in the home.

Stats show majority of black men are and continue to do well financially. This is average earning Black Men.

It's the "Single Mother Household" leading the way in poverty with her various kids by different men.

Show me a hard working man, average earner, if he is in the home with a cooperative woman I can almost guarantee his kids have a bright future compared to those of a single mother.

Sadly households run by a man and a cooperative woman are the new unicorns. The overwhelming majority are dysfunctional single mother lead households. Kids born into this situation have extremely limited chance of escaping poverty.

In the next 2 to 5 years there will be another explosion in crime, tougher crime bills, and more prisons built. These new batch of young kids were given a raw deal in life. Failure to control, teach and educate them in the home will cause society to fulfill that role. Society will not show these kids mercy, or care about their feelings. That school to prison pipeline about to burst, meaning there will be far to many for the system to rehabilitate.

My home was broken into three times over the span of four years. (all happened while I was at work) Nothing of value was taken but the repairs were annoying. Each time, neighbors said the same thing, teenage kids were spotted running in the wooded area in the back and my alarm was blaring.

I mention my home break in because these same kids of poverty will prey on us the "BLACK" working folks.

Sadly these kids will reproduce an the cycle will continue.

Now we have East Indians, Hispanics, Immigrants from Caribbean, and a ton of Afghanistan refugees pouring into this country. Each of these groups for the most part have fathers in the home with cooperative wives who understand patriarchy.

That's a large group of minorities who do value family, education, and most of all hold each other accountable. They will take advantage of the sacrifices of our ancestors died for paving the road meant for us but we failed to hold ourselves to task.

Black kids in single mother homes, and dysfunctional homes are fucked! These next 2 generations of black folks will have it really bad because competition will be fierce to succeed and make it out of poverty. However as the article states, most black kids are starting life already at the back of the bus before they are even born.

Yikes.

 

[Joe Money]

I have fully taken this into account. My response is still the same, what is stopping you or any other black person from doing the things within your power to do? Do better in school. Buy a starter home. Invest money. Spend less. Learn a new skill.

On an individual level, for me........nothing. But we're talking about on a collective level. It has been empirically proven that the "bootstrap" ideology you're advocating for does not collectively change or even dent the racial wealth gap and other issues spoken about in this article.

This is our fundamental disagreement. We have to encourage our youth to work hard at all costs. Period. We have to encourage our youth to overcome these "factors" you speak of no matter how hard it may seem. We also have to assist our youth in overcoming these factors and not allowing them to feel as though they are doing this alone. Our schools have always been underresourced. OK, we know this. What are we going to do? Feel sorry for ourselves and do nothing. Are we just going to wait for "whitey" to one decide to help us? (That Lift Every Voice Plan is doing wonders for us right now.) Or are we going to do what we have been doing for years, attempting to succeed despite to adversities?

You have too much focus on whitey. As long as we breathe, in this society, someone is going to make money off of you in some capacity. Knowing the "game," why not teach and encourage our brothers and sisters to maximize his or her position while playing the game? Be a nurse, doctor, scientist, IT, contractor, electrician, plumber, etc. Any of these jobs will put a black person WELL above the median income level for black folks. The white man can not stop you from achieving this. Invest $25 a week. How can the white man stop you from doing this? In today's market ANYONE, get an extra job at McD's and invest the entire paycheck. How can the white man stop you from doing this? Fix your credit save a few dollars and buy a starter home. How can the white man stop you from doing this in 2021?

The white man isn't stopping us, it's many black men and their poor attitude.

I have zero tolerance for any brother or sister who does not believe that we are capable of much more than we are doing at this present moment.

Again, we have to ask ourselves, despite what I know about racism etc, what am I doing to contribute to my own demise? What could I be doing right now to improve my situation?

See above. But also, you think this is just about "focus[ing] on whitey." It isn't. It's about understanding racism on a systemic level. Below you talk about how you believe the American Civil War was instigated by bankers. I'd have to see the original thread on this conversation, but you obviously believe that there are greater powers-that-be that can move and shift society as they see fit. But when it comes to the position of Black people in America, suddenly it just falls on us and our behavior?

Ah, the resident thread derailer. Never anything of substance.

I maintain my position that the Civil War was a 'Bankers War" instigated by the Rothchild's, who created and still owns the Federal Reserve Bank. Why did they want/ need a war? Because the US at the time was against a national bank and against being beholden to a private bank for money. Nonetheless, because of the Civil War, the bankers achieved their goal. The first national currency was established during the Civil War. The National Bank Act of 1863 was enacted setting the stage for the Federal Reserve. Fast forward to 2021, The "Fed" prints the US currency at a 6.2 cents for every dollar bill and 11.2 cents for every 20 dollar bill. The US also has to pay "interest" on this printed money because we can not directly back it since we do not use gold anymore. Surprised?? That's right, our money is not back by gold or any precious metal anymore. So, for every dollar the US prints, we are more in debt the second it is printed. This is why the Civil War was instigated using slavery as a guise. The ultimate money grab. The US is merely a financial institution for bankers.

But, this level of intellect supersedes your 3rd-grade comprehension. Please take your still thinking Pluto is a planet dumbass somewhere and go mop some floors you scrub. Hit me when you are ready for more right knowledge.

Where is the original thread on this?

 

[Joe Money]

The thing is, not just on this issue oh, but on the issue of the food graveyards from another thread (why there are no grocery stores in the hood)

I've got a brilliant plan but absolutely no capital and I don't know how I can raise the amount of capital I need to make This brilliant plan functional

I don't want to get too deep in it, but it's about us helping us by doing what we do anyway and US policing each other because when one steals they are stealing from all of us

It is both brilliant and simplistic, but it needs to be run by someone who isn't trying to get rich off the people. This is why I want complete control over the project

Arabs and Asians are the target to be expurgated from our communities and replaced by Black-owned businesses

I am a service-disabled veteran, and utilizing that fact could get me a lot more help, but I want to help my people.

Yes, I live in the burbs, but I grew up in the hood and I never forgot about my people who still live there

***

How much capital would you need? What is your business plan? I'm asking because you have a board full of Black men who claim to be $100k+ earners with real estate and investments and who constantly and repeatedly talk about what Black people need to be doing and what we're doing wrong. Many are right here in this thread. So you could start a GoFundMe and raise that capital RIGHT HERE!

Tariq raised a million in 30 days!

So can you! 100,000 registered users contributing $10 each = $1 million.

Let's goooooooooooo...................................

 

[xfactor]

If you come across any helpful financial info, can you post it?

It won’t help. I’ve seen it first hand trying to teach about the money and banking system which can be beaten if people know how it works. I’ve been posting information that literally would have made people high six figures (starting with a stimulus check) in the last 1.5 years, along with other brothers in this thread. It is no hope for a lot of pro-whites in the so-called black community and that is why there needs to be a separation.

Our people have a habit of accepting narrative and dismissing truth and the former will continue to be our downfall.

 

[xfactor]

This is sad shit guys. I understand this is where everyone are millionaires and shit, but dont yall get tired of being the only Black person on your 1st class flight to Hawaii. I am.
It pains me to see our people fucked up here like this. I've said it before and have no shame, that the only way the rest of our people are getting out this is with Gov't assistance. Damn you all who thinks otherwise!

This is funny and sad at the same time. I’ve made business contacts from 1st class travel just off the fact that so-called whites start to interrogate a brotha that is young and in areas “they shouldn’t be”.

So-called whites and Asians will harass a so-called black man that they deem intelligent to the point of annoyance. And they may never like me but they will show respect which is all I care about from them. Pro-whites want the so-called white man and woman to like them and that is the first mistake.

 

[Tito_Jackson]

On an individual level, for me........nothing. But we're talking about on a collective level. It has been empirically proven that the "bootstrap" ideology you're advocating for does not collectively change or even dent the racial wealth gap and other issues spoken about in this article.



See above. But also, you think this is just about "focus[ing] on whitey." It isn't. It's about understanding racism on a systemic level. Below you talk about how you believe the American Civil War was instigated by bankers. I'd have to see the original thread on this conversation, but you obviously believe that there are greater powers-that-be that can move and shift society as they see fit. But when it comes to the position of Black people in America, suddenly it just falls on us and our behavior?



Where is the original thread on this?

That is just it, it starts from an individual level. Please show me or anyone an example where a group decided to focus on individual self-improvement and it did not work to improve the entire group.

There are studies that 100% support the idea that when a mother and father obtain a college degree, the entire trajectory of the family changes. Meaning the probabilities in which the children and grandchildren will be successful increase dramatically. Are there some who still fail? Of course, but the majority go on to be successful and foster success in the following generation.

Having knowledge of "greater powers-that-be that can move and shift society as they see fit" does not prohibit you or me from becoming the best version of ourselves. There is much still within our control. This is why I love the movie the Matrix so much. It is rooted in the idea that even though there are hard and fast rules and even though the system is designed for the oppressor to thrive, it does not mean you can not maneuver in the said system by learning the rules and understanding what rules can or cannot be bent or broken.

We know the rules and how to thrive, we just refuse to unlearn and relearn.

 

[xfactor]

There is no wealth gap this is all by design, the powers that be never ever had the intention of us coming up. Never depend on your enemy to feed you.

Because if so-called blacks attained affluence, there would be a flip flop in power immediately. We outrank everyone else when the playing field is even and it isn’t close. Why do you think we are the only group of people constantly studied and attacked?

It is already closer to even than most think despite all the constant attacks and oppression. The white power structure is collapsing before our very eyes and you have a large contingent of people trying to help them repair it. Those are the people that were in full support of Biden (and what he represents - globalism, LGBT, pro-white leadership, matriarchal leadership). Political choice is about ideology and none of those ideals lead to success for us.

Once people come to the realization that a lot of people in the so-called black community want the so-called white race to continue to lead society, things will become more clear on what you need to do and how to function.

I posted on BGOL that if people still didn’t get it after 2020, they never would. That statement was truth but fortunately, BGOL is not representative of most of our community (most posters here are approaching retirement age and out of touch).

The biggest advantage that contingent of the community had was being complicit in trying to destroy the future of the “millennial” and “Gen-Z” saddling us with bad advice on life and pushing poor policy to saddle us with debt but technology has become the equalizer. Those that have embraced STEM, have been able bounce back faster and set a foundation to build. Once a foundation is set (whether set through an economic base or in-demand skill set ), entrepreneurship and ownership come into play and once that is achieved and “fuck you money” is there, your thinking will change. This is still hard to overcome because of barriers to entry (racism) but those of us that “get it” have to collaborate with each other to uplift the rest.

 

[Supersav]

It won’t help. I’ve seen it first hand trying to teach about the money and banking system which can be beaten if people know how it works. I’ve been posting information that literally would have made people high six figures (starting with a stimulus check) in the last 1.5 years, along with other brothers in this thread. It is no hope for a lot of pro-whites in the so-called black community and that is why there needs to be a separation.

Our people have a habit of accepting narrative and dismissing truth and the former will continue to be our downfall.

But also its not a solution for the entire group. It will help some but that's not a long term solution for us as a group

 

[xfactor]

That is just it, it starts from an individual level. Please show me or anyone an example where a group decided to focus on individual self-improvement and it did not work to improve the entire group.

There are studies that 100% support the idea that when a mother and father obtain a college degree, the entire trajectory of the family changes. Meaning the probabilities in which the children and grandchildren will be successful increase dramatically. Are there some who still fail? Of course, but the majority go on to be successful and foster success in the following generation.

Having knowledge of "greater powers-that-be that can move and shift society as they see fit" does not prohibit you or me from becoming the best version of ourselves. There is much still within our control. This is why I love the movie the Matrix so much. It is rooted in the idea that even though there are hard and fast rules and even though the system is designed for the oppressor to thrive, it does not mean you can not maneuver in the said system by learning the rules and understanding what rules can or cannot be bent or broken.

We know the rules and how to thrive, we just refuse to unlearn and relearn.

It is a constant game of adjustments. Whenever a person stops learnings, they lose. The so-called white man keeps changing the rules because that is the only way they can win because they are inferior.

Like I tell people that parrot that “they work harder than us” myth, if that was true, they would give us all of the advantages they have and still have more success but it is the opposite. If an NBA player is hosting a camp for kids and plays the kid 1 on 1 to 11, the camper is going to be spotted points because it isn’t even. Same as in golf when none professionals are given a handicap to adjust their score to get to par for a course. These are simple sports analogies that brothas should be able to grasp.

oh well, I’m tired of posting in vain. I will peep the rest of the thread and get back to the business.

 

[xfactor]

But also its not a solution for the entire group. It will help some but that's not a long term solution for us as a group

What I’m talking is from a basic level, not mastery. I think those skills are needed at a basic competency level. For a group, there should be a diverse skill set to thrive but when there is no foundation in place, it has to be set. That is why the immigrants push their kids to study STEM, then the next generation has a choice. The majority of civil rights era beneficiaries dropped the ball there because they didn’t see the long game.

What Maynard Jackson did in Atlanta for the so-called black economy is proof positive of what happens when you have politicians for us. I know so-called whites that attained generational wealth through government contracts that could’ve easily gone to so-called blacks.

 

[Joe Money]

That is just it, it starts from an individual level. Please show me or anyone an example where a group decided to focus on individual self-improvement and it did not work to improve the entire group.

There are studies that 100% support the idea that when a mother and father obtain a college degree, the entire trajectory of the family changes. Meaning the probabilities in which the children and grandchildren will be successful increase dramatically. Are there some who still fail? Of course, but the majority go on to be successful and foster success in the following generation.

Having knowledge of "greater powers-that-be that can move and shift society as they see fit" does not prohibit you or me from becoming the best version of ourselves. There is much still within our control. This is why I love the movie the Matrix so much. It is rooted in the idea that even though there are hard and fast rules and even though the system is designed for the oppressor to thrive, it does not mean you can not maneuver in the said system by learning the rules and understanding what rules can or cannot be bent or broken.

We know the rules and how to thrive, we just refuse to unlearn and relearn.

What studies can you point to that prove your assertion? Certainly not this one:

Extensive Data Shows Punishing Reach of Racism for Black Boys
MARCH 19, 2018

Black boys raised in America, even in the wealthiest families and living in some of the most well-to-do neighborhoods, still earn less in adulthood than white boys with similar backgrounds, according to a sweeping new study that traced the lives of millions of children.
White boys who grow up rich are likely to remain that way. Black boys raised at the top, however, are more likely to become poor than to stay wealthy in their own adult households.
Most white boys raised in wealthy families will stay rich or upper middle class as adults, but black boys raised in similarly rich households will not.

Even when children grow up next to each other with parents who earn similar incomes, black boys fare worse than white boys in 99 percent of America. And the gaps only worsen in the kind of neighborhoods that promise low poverty and good schools.

According to the study, led by researchers at Stanford, Harvard and the Census Bureau, income inequality between blacks and whites is driven entirely by what is happening among these boys and the men they become. Though black girls and women face deep inequality on many measures, black and white girls from families with comparable earnings attain similar individual incomes as adults.

Large income gaps persist between men — but not women.

Black men consistently earn less than white men, regardless of whether they’re raised poor or rich.

No such income gap exists between black and white women raised in similar households.

“You would have thought at some point you escape the poverty trap,” said Nathaniel Hendren, a Harvard economist and an author of the study.
Black boys — even rich black boys — can seemingly never assume that.

The study, based on anonymous earnings and demographic data for virtually all Americans now in their late 30s, debunks a number of other widely held hypotheses about income inequality. Gaps persisted even when black and white boys grew up in families with the same income, similar family structures, similar education levels and even similar levels of accumulated wealth.

Extensive Data Shows Punishing Reach of Racism for Black Boys (Published 2018)

A study of 20 million children shows the fragility of the American Dream.

www.nytimes.com

Because if so-called blacks attained affluence, there would be a flip flop in power immediately. We outrank everyone else when the playing field is even and it isn’t close. Why do you think we are the only group of people constantly studied and attacked?

It is already closer to even than most think despite all the constant attacks and oppression. The white power structure is collapsing before our very eyes and you have a large contingent of people trying to help them repair it. Those are the people that were in full support of Biden (and what he represents - globalism, LGBT, pro-white leadership, matriarchal leadership). Political choice is about ideology and none of those ideals lead to success for us.

Just highlighting this.

Once people come to the realization that a lot of people in the so-called black community want the so-called white race to continue to lead society, things will become more clear on what you need to do and how to function.

I posted on BGOL that if people still didn’t get it after 2020, they never would. That statement was truth but fortunately, BGOL is not representative of most of our community (most posters here are approaching retirement age and out of touch).

The biggest advantage that contingent of the community had was being complicit in trying to destroy the future of the “millennial” and “Gen-Z” saddling us with bad advice on life and pushing poor policy to saddle us with debt but technology has become the equalizer. Those that have embraced STEM, have been able bounce back faster and set a foundation to build. Once a foundation is set (whether set through an economic base or in-demand skill set ), entrepreneurship and ownership come into play and once that is achieved and “fuck you money” is there, your thinking will change. This is still hard to overcome because of barriers to entry (racism) but those of us that “get it” have to collaborate with each other to uplift the rest.

But this foundation requires changes in government policy.

 

[Mrfreddygoodbud]

This is funny and sad at the same time. I’ve made business contacts from 1st class travel just off the fact that so-called whites start to interrogate a brotha that is young and in areas “they shouldn’t be”.

So-called whites and Asians will harass a so-called black man that they deem intelligent to the point of annoyance. And they may never like me but they will show respect which is all I care about from them. Pro-whites want the so-called white man and woman to like them and that is the first mistake.

the fact they have to respect you pisses off their little flunkies more than it

does them.. I witnessed first hand where flunkies had to be checked, because

they couldnt believe a bruh was getting so much respect, just for mere presence alone...

and when I interacted.. it was a fuckin wrap....folks know, who been places and who is

trying hard to fit in... folks who try hard to fit in, will never understand how much they stick

out like a sore thumb...mastering and being yourself is the key to garnering respect whereever

you go..

nobody likes a phoney, they are amusing like clowns and treated as such.

but chea, those flunkies be hatin a real knigga who been places for

not having to kiss any ass or bow down or SELL HIS PEOPLE OUT

for acknowledgement, respect and pats on the back, which are

returned.

its those fuckin flunkies that are the worst when they see a bruh get

the respect they KNOW they will never experience in their lives...

my whole take is...

get the fuck over it....

 

[Supersav]

What studies can you point to that prove your assertion? Certainly not this one:

Extensive Data Shows Punishing Reach of Racism for Black Boys
MARCH 19, 2018

Black boys raised in America, even in the wealthiest families and living in some of the most well-to-do neighborhoods, still earn less in adulthood than white boys with similar backgrounds, according to a sweeping new study that traced the lives of millions of children.
White boys who grow up rich are likely to remain that way. Black boys raised at the top, however, are more likely to become poor than to stay wealthy in their own adult households.
Most white boys raised in wealthy families will stay rich or upper middle class as adults, but black boys raised in similarly rich households will not.

Even when children grow up next to each other with parents who earn similar incomes, black boys fare worse than white boys in 99 percent of America. And the gaps only worsen in the kind of neighborhoods that promise low poverty and good schools.

According to the study, led by researchers at Stanford, Harvard and the Census Bureau, income inequality between blacks and whites is driven entirely by what is happening among these boys and the men they become. Though black girls and women face deep inequality on many measures, black and white girls from families with comparable earnings attain similar individual incomes as adults.

Large income gaps persist between men — but not women.

Black men consistently earn less than white men, regardless of whether they’re raised poor or rich.

No such income gap exists between black and white women raised in similar households.

“You would have thought at some point you escape the poverty trap,” said Nathaniel Hendren, a Harvard economist and an author of the study.
Black boys — even rich black boys — can seemingly never assume that.

The study, based on anonymous earnings and demographic data for virtually all Americans now in their late 30s, debunks a number of other widely held hypotheses about income inequality. Gaps persisted even when black and white boys grew up in families with the same income, similar family structures, similar education levels and even similar levels of accumulated wealth.

Extensive Data Shows Punishing Reach of Racism for Black Boys (Published 2018)

A study of 20 million children shows the fragility of the American Dream.

www.nytimes.com

Just highlighting this.



But this foundation requires changes in government policy.

I dont think @Tito_Jackson understands this. In his world everybody can work hard and then the entire group will be successful and all of those racist policies and obstacles will melt away

 

[dHustla]

I'm not comfortable with stocks or crypto. Seems like there is so much to learn, that I don't know where to start, but I've been looking into some financial books and stuff. Right now I'm trying to pay down all my credit cards.

Get comfortable. Its the way to go. Learn a little at a time. I'm still learning