Warren Buffet doesn’t spend more than $3.17 on food outside,  meanwhile, his house valued today is $260,000.00 in 2014 he bought a Cadillac XTS for $45,000.00, which was an upgrade for him from his 2006 Cadillac DTS this is because his daughter said it was embarrassing,  now let us go to Mark Zuckerberg, he drives an Acura TSX which he bought for $30,000.00 he also has a VW Golf, not bad for a billionaire huh….then we have Alice Walton, she has a net worth of $68 billion  and still drives her 1979 ford F150, Bill Gates wears a $10.00 watch  and Jeff Bezos still drives his Honda Accord, did I say it was a 1997 Honda Accord?? frugal lives I tell  you

The main thing I want to talk about is group economics. One part of it which we fail to realize is money pooling. Most of “us” have no idea how capital is created and passed around. A few who understand what this is have become scammers,  and they will take the money from the community and enrich themselves with it. I like to call this the church phenomenon for there is no other industry that is engaged in money pooling and wealth transfer than the church. This happens in every community, anyone remembers Enron? The system itself functions on money pooling, this is why gofundme has become like a lottery ticket to most people. Below are some of the institutions that help with the way the system functions.

• 1. Banking system
• 2. Hedge funds
• 3. Investment funds
• 4. Gofundme
• 5. Business organizations
• 6. Churches
• 7. Insurance Companies

The interesting thing about “our” people is we don’t know when to be individuals and when to be in a group. Before we go any further let me say this “ If you spend all you have and all you make you have a poverty mentality. Ladies and gentlemen, there is a way to go about things. According to research, there are a few different types of money, lets focus on a few, shall we?

Fiat Money

This is regular cash that we use in everyday life, the government prints a lot of it, paper money not backed by anything.

Commodity Money

They say this is the oldest kind of money, the stock market thrives off commodities, value from this is from the commodities themselves. eg, Gold, Silver, Coffee, Cocoa,  Oil. 

Commercial Money

This works because of the Fractional Reserve Banking, Banks now lend out more than they have or money they don’t have, so this is basically debt because the banks don’t have the money in the first place. 

Here is where the money pooling takes place,  pay attention. Banks collect deposits and lend that money out through loans and at an interest,  therefore they pool money in order to create capital, note that a bank doesn’t say they have cash, its money is in assets, as a matter of fact, if every customer went to the bank at the same time to withdraw their money in cash, the bank will shut down, they don’t have it. Banks pool other people’s money to finance assets based on debt.

Insurance companies collect premiums over time to be able to pay their claims functions a little bit like a bank,…there is another kind of insurance where people don’t even pay attention to because it has lost its part of its name so many people don’t know that some of their taxes go into a money pool and its paid out to people who don’t lose their jobs, it is called unemployment insurance. This is how important money pooling is, if it is done right, now one has to suffer, but we live in a world where personal interests are first, and everything else is second

Hedge funds are pooled investment funds by the wealthy, State Governments pool money by way of taxes to invest, like an investment club. Employer benefits are also a type of money pooling, that companies make a profit from and they have enough despots like 401K to pay out retirement funds with interest,  After all, everyone doesn’t retire at the same time. Churches like I said pool money a lot through offering and tithes,  the catholic church has a wealth of approximately $10 billion.

Private banking services for the high net worth individuals  which means rich people pool their money together to create capital  some of these banks are

UBS Global wealth management

Morgan Stanley  wealth management

Bank of America Global wealth investment manager

Credit Suisse, Private Banking and Wealth management

JP Morgan Private Banking

Citi Private Banking

Goldman Sachs Private Wealth management

Raymond James investment banking companies

 Remember the buying black thing I was talking about ??  yes, Money starts in a bank and ends up in a bank, if you buy black and it doesn’t end up in a black fund or financial institution, you might as well give your money away. Wealth transfer happens right under our noses and we have no idea it is happening, most of our neighborhoods don’t have banks or have banks that don’t belong to us, so in other words,  there is no money pooling in ” our” communities so if we buy black and at the end of the day the storekeeper or restaurant owner doesn’t bank black well I said it already, ( might as well throw your money away) but there is a way out, do we know about the CRA? Community Reinvestment Act or CRA is a way to hold banks accountable to reinvest in the area they are in.  It is up to us to explore this but we hardly do so. We claim we do a lot of research but we don’t talk about things like this.

Before I end this I will like to talk about a traditional system which has worked through the ages. That system is the “susu” system, the system was good in ancient times, and it worked very well, it is a good way to come up with capital.  The thing about “susu”is it may not work in the modern world. Like everything else,  it should be dynamic and change with the times.   These days we have credit and the federal reserve bank.  We have fractional reserve lending and fractional reserve banking, which means banks can lend money they don’t have in order to gain more assets. “Susu” industry doesn’t take the credit system into consideration. . So “susu” is good for what it was but the banking system is more sophisticated than that.

Some of the worlds Wealth funds

1. China Investment Corporation
2. Abu Dhabi Investment Authority
3. Kuwait Investment Authority
4. National Council for social security fund
5. Norway Government Pension fund Global
6. Investment Corporation of Dubai
7. University of Texas Investment Management company
8. Texas Permanent School fund
9. Alabama Trust Fund
10. Ghana Heritage fund.
11. Harvard University endowment fund

Black lives matter?????   that was just a funny joke giving that Black lives matter made 10 billion last year and have yet to give Mike Brown’s family anything at all, Black Lives Matter is a movement, it is not a wealth fund. (Laughing)

By Anthony Mills and Jesus Kotei

   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.

We are all furious about what happened but defunding the Police is not the answer. Where are those funds going? More social programs???. What programs are those ?? Public schools are funded by property taxes. Let us talk about social programs for a second, does anyone remember some social programs that were supposed to benefit communities?  Like the war on poverty, war on drugs??. Should the money go towards more public housing?  I would say NO because that never solved the problem of poverty. It only gives people just enough to get buy but not enough for anything else.  Policing may need an overhaul, no one has even talked about what we would be replacing the police with.  It will be total chaos. Let us agree that if the Police hadn’t been around this protest/riot/looting the situation could have been far worse. The police do stand for something, in some states the police were actually kneeling with the protesters, So most  Police officers know what happened was wrong but it doesn’t happen every day, and we know this. I  would advocate for Police overhaul not getting rid of it entirely.

Some also make the argument that the history of Police started with slave patrols, they use this as evidence of systemic racism well. We cannot deny that there are racist elements within the police force. The police were used in the past for racist purposes. The police are not ALL BAD.(one thing we must remember)

Let us not also forget that we are in a recession to some families being a Police officer is their major source of income .if we defund the Police we are taking jobs away from people and that is not right. Like the case of David Dorn, he was a retired Police officer and was killed trying to protect a store from looters, let us not forget that so many Police officers have also died in the line of duty. And they deserve our respect and 1-minute silence

Another fun fact,  70% of income taxes are paid by men yet most social programs in social services are for women, which brings me to this point. Most police brutality victims are men, Most suicides victims are men,  I think we should fight for men as much as we can. The police suffer too,  according to some news networks, 400 officers were injured due to this riot and two died, So far.

Do we like to say black lives matter??  here are a few black people who lost their lives, because of the protest and riots according to forbes.com

Calvin L Horton JR, 43, he was shot near the police department, he was a Staff Sargent in the United States Army.

Dave Patrick Underwood 53, he was killed in California, he was a Service Protective Officer

Chris Beaty 38 was a football Player, 

Italia Kelly 22, shot while leaving the protest for George Floyd ( even though she wasn’t black, she died at a tender age of 22)

David Dorn, 77 Ex-police officer, got shot while protecting a store from looting

I’ll end with this, last year 9 unarmed black men were shot by the police vs 19 unarmed whites. You do the math, do we still need to defund the Police?