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Showing posts with label black economics. Show all posts
Showing posts with label black economics. Show all posts

Sunday, January 22, 2012

Proof That the Black Civil Rights Movement was Derailed

Proof That the Black Civil Rights Movement was Derailed

I have said, time and time again, that the Black civil rights movement was completely and utterly a failure. The entire movement was a complete disservice to Black folk and failed us miserably. There are those that will hold up the attitude of the country of NOW accepting Black people as evidence that it was successful.  The only thing that proves is that Black people are completely ignorant of the history of the country.

James Baldwin
Most of the United States of America was not racist white people. The Democratic party has tirelessly striven to make us believe that it was, but the truth is, being racist was always unpopular. Just as many white people helped to free Black slaves as did Blacks themselves. Many laws were passed in other states to forbid the recapture of Black slaves as were passed to ensure the capture of Black slaves.

The civil rights movement succeeded in doing exactly what white racist Democrats of the south wanted it to do, ensure the economic destruction of Blacks and destroy Black families.

During slavery it was easy to destroy a Black family. As soon as a Black child was born he / she was moved to a completely different plantation and raised by someone else. Or, as soon as they were of age, they were sold off. Or, as soon as they exhibited any affection towards another Black slave, they were sold off or worse, just beaten, sometimes to death.

After slavery was over the Democrats devised a system where they would give only Black women and children help and money, but only if the father would remove himself from the female. This continues today. In fact more money is given to a poor female who has more kids, ensuring that the father(s) can never be around.

The Democrats then took over the educational system and started rewriting history and events that were squarely reported in the news. It is so egregious that textbooks now have events as being the opposite of what they were.

The Democrats also painted the republicans as being against Black people. For the rank and file american citizen who is a republican they have no power to argue against it, or to say that the republicans were the main ones in the Black corner. But, at a national level it doesn't even matter, because federal level Republicans are no longer Republicans at all, but are globalist federalists.

The last straw was that Black people worship Kennedy and his brother Robert, when the two men almost singlehandedly derailed the entire Black civil rights movement.

After they were through, the Black community and wealth dropped 90%.  It has taken nearly 60 years for the Black community to claw itself out of that hole to be even with the wealth of the 60s, only to be derailed again by the Democrats and now federal Republicans in the crash of 2008.

Here is the proof, from James Baldwin himself.




He clearly states that the civil rights movement started out as an economic movement to make Blacks equal and the Kennedys singlehandedly derailed the movement and turned it into a voter registration and voting rights issue, all the while making political moves to change Blacks from voting Republican [which nearly all Black people did, who had a choice, yes they were forced to vote Democrat in most of the south by the KKK] to voting Democrat.

The Kennedys were not our friends and the civil rights movement did not serve us well at all, it hurt us more than anything else in the history of this country. The magnitude of it caught all Blacks. Where slavery only affected Blacks in the south, post-civil-rights affected all Blacks in the country and was the largest trasnfer of wealth from Blacks to white, in the history of the country.  Where slavery was a transfer of wealth from Blacks to white in the south, post-civil-rights affected all Blacks in the nation and effectively transferred wealth from Blacks to white regardless of location.


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Monday, January 3, 2011

For Blacks: Are You Living Above Your Means?

Is There More Bill Than Paycheck?


More Bill Than Paycheck
All jokes aside, if the answer is yes, without you even looking at your checkbook, then you need to get out of the house you're in and move back with your family.  And, I am not kidding.  Black folks pay the highest in the country, for basic housing than any other racial group.*  While everyone else likes to talk about stupid stuff, the numbers do not lie.  In my Black Financial New Years Resolution I discussed a plan to save money and buy rental property for yourself and your family, to generate cash flow.

America has just had a tremendous wake-up call.  The call said, "hello you're living above your means, it's time to pay up."  And pay up everyone has.  Even the people that could afford their houses have suffered, in being upside down in their house.  They are only staying in them out of hopes that their property will go back up.  The bottom line is, we all fell for a pipe dream from a snake-oil salesman.

To keep this short, calculate this:   

  • Maximum housing expense ratio = annual salary x 0.28 / 12 (months)
  • Maximum allowable debt-to-income ratio = annual salary x 0.36 / 12 (months)
  1. are all your living expenses below 28% of your monthly salary?
  2. are you saving at least 30% of your salary, or investing it in something monthly?
  3. do you have around 30% of disposable income, from which you buy food and clothing?
If those numbers do not add up then you're living above your means.  If at least number 1 isn't true, then you are definitely living above your means.

Fix it.  You need to fix #1 immediately.  If you are renting, get out of it ASAP.  If you have to pay for an early termination of a contract and it won't be the same as paying all of the months of the contract, then get out of the contract.  Either move somewhere where the housing is only 20% of your income, or move back home.  You need to put aside this notion that going into debt to live alone means you're somehow an adult.  This "I got mine, you get yours" attitude is why we're in this mess to begin with.

In this financial crisis, more Black wealth has been completely gutted and stolen by banks than in any other time in history.  While white people hear the news and think white people are suffering, whole sections of the Black population has been ousted, foreclosed on and assets seized.  In Memphis alone the Black part of town is now a ghost town due to foreclosures.  Predatory lending to Black folks was turned into an art form.

Before Black people buy a house, they should get a Black lawyer and go over the proposed loans with them.  If you want my personal opinion, you should pay cash for your house and try and squeeze every discount you can out of the property before buying it.  Never get emotionally attached to property.  More wealth has been squandered due to emotional outbursts and attachments to a piece of land than any other factor.  Once someone figures out that you care for a piece of land, they tend to rake you over the coals.  Trust me, there is nothing special about one section of land, more than another section of land, especially if we are talking that it will ruin you financially.

If You Are Living Above Your Means, Fix It!


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