THIS IS NOT FINANCIAL ADVICE, PLEASE DO YOUR OWN RESEARCH
Imagine if Black Lives matter was a bank or a financial entity that can actually do something about poverty. Black Poverty that is. An institution or a fund can actually create capital and funnel it through small businesses owned by black people. Black lives matter made 20 million dollars in one day. Black lives matter has so much money they have even become a PAC(Political Action Committee). we have to stop and ask, how much of this money is going to the very black lives that are supposed to matter? We just talked about banking and the importance of black banking, the numbers show that black people have the least amount of assets and very few banks around that can make capital. It is no secret how black churches transfer wealth every Sunday to banks.
It is also no secret that in these trying times, we have had celebrity after celebrity talking about how they, are scared to drive or walk around because they might get shot by police. Of course, we know that is less likely to happen, they live in gated communities, they live in very protected areas of our societies. The crazy part of this story is why people like Lebron James and the rest don’t talk about is how poverty contributes to most of the crime poverty also contributes to crimes and all sorts of vices. I won’t put this on our celebrities, but an organization like black lives matter makes money every time a black person gets killed. White guilt keeps the money flowing in. How has black lives matter benefited the black community as a whole in terms of investments, in terms of funding start-up businesses by black people? Has the white guilt made black people more successful? With all this money flowing into black charities, one would think that alone will make a difference in black lives if black lives really matter. Not one hedge fund has been set up for investment purposes. Wait a hedge fund is going too far, No money is going to black businesses that were destroyed during the protests. These businesses have had to go to banks and look for private donors, of course, their donors weren’t as lucrative as black lives matter. If black lives matter, then black poverty should matter, although we have been convinced that poverty is part of black culture, that is why ( almost always) black success is painted as coonery
Since these protests began, we had a lot of money flow into black charities, hmmmmm did that money flow into black businesses????? I’m still waiting for that answer. Instead of doing something that really matters when it came to black poverty, black lives matter set up a 12 million dollar GRANT to fight racism?????? so let’s say I have a great business plan, and go to a local office of black lives matter, they will say no because I’m not fighting racism???(money is not a problem for black lives matter) We all know that poverty is one of the unspoken reasons for most of these police shootings, if one should think this is not true, then we should have people like our celebrities getting shot every day, but NOPE that doesn’t happen, they all say things on youtube Instagram and go back to their gated communities. If black lives really matter, then black lives matter should be doing something to fight poverty in black communities.
WE should be learning how to pool money together to
create capital There is a reason why people like Bernard S Garrett SR, and Joe Morris are never taught in history class. These two were the first black American Bankers, yet we never hear about them. They actually used what I like to call, Practical Intelligence to make changes never seen before in America, mind you this was during segregation. I applaud Anthony Mackie and Samuel L Jackson for telling this story by making it into a movie. The movie is called “The banker”
The bottom line is banks are more important than any other institution when it comes to development. This is the very reason why the Vatican is a private bank. Again I’m calling for awareness of black banking, black funds, black economics, black accountability, etc. We as black have fewer assets than everyone else and no one thinks this is a problem, people almost never mention the financial racism that the black community faces every single day. We have to think about this brothers and sisters. We have to start with a change of culture , especially when it comes to money then maybe we might do something.
