@CharlieManson collective wealth isn't the same as individual wealth. Otherwise we wouldn't have our Oprahs, P Diddys, Will Smith, Michael Jordans, Robert F. Smith, etc, etc.
Yvette GOING IN ON BOYCE FOR THE BITCOIN FALL !!
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Secure Da Bag
Veteran
If 51% or more of black aframs are actively investing then I'll fall back. And I don't mean 401k either
You said Blacks are hesitant to invest. THATS what I been arguing against. Wasn't that your original point? Now for some reason you are backing away from it.
My point was that EVEN IF Blacks are investing we still have LITTLE capital because we have to go to Whites(capital) for it. Just pay attention to what people are saying next time. However. we are not all done and lost when there are ideas like this that exist.
Black Diasporic Essentials For "Liberation"
To me its all about cutting Uncle Sam off as a Middle Man and getting capital else where. Again how I see it.
Secure Da Bag
Veteran
I didn't say all aframs. I didn't even say most. I made it a point to say some earlier. But while we're here, are aframs investing at the same rate as other groups? By same rate I mean percentage of people.
People taking out motgag
I disagree.
You don't get 500 billion dollars in exchange funds by being a scam. That point sounds silly.
You're also being naive if you think putting money in the stock exchange is less riskier because it's backed the govt. 2008 ring a bell?
There's levels to every investment vehicle. There's big fish and little fish and minnows.
This is how nikkas miss an opportunity, by simply dismissing something and not thinking out the box.
I'll be closing on auction property I paid cash for next week. Guess where 75% of my half came from?
So now my initial investment in cryptos allowed me to partner up with someone, buy a property cash for 85 k. Instant equity. No note
Secure Da Bag
Veteran
That was never contested once by me.
Please do that next time.
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Sounds like some.
"Well you know the thing about the Blacks, the reason why they are so poor and destitute is because they are lazy and shifitless. They don't have any concept of business and capital and entrepreneurship. It starts at home, see their parents weren't shyt and now their children ain't shyt."
This is why we can't have real conversations here. This is why I go to Higher Learning if I want to talk about real shyt because you guys have your heads so far in the sand you think you're constantly being attacked even though I'm on your side. Not even that, you acknowledged NOTHING that I said.
Have you ever been to an inner city school? Have you ever attended one? Or you just watch WSHH fight videos? I have. In Memphis. Sometimes school could be hell. Why? Not because of the teachers. Because of the PEERS. Kids who come in ready and willing to act the fukk up because there is nobody at home telling them not to. We ask why the average black income is declining when a percentage of our kids don't got the discipline to shut the fukk up and at the very least let the ones who want to better themselves do so. You think they're gonna thrive in the job market? LOL.
I mean do you guys wanna treat everybody with kid gloves or do you wanna address the problem? Do you wanna only blame other people, or can we try to help ourselves out?
Because you can blame everybody fukking else on this planet and they still aren't gonna help you. They're still gonna laugh at you when you mention reparations. They're still gonna vote red when you yell in the streets about white privledge. We're in the situation we're in and no amount of bytching about cacs and white supremacy is gonna change it.
So stop condemning the people trying to at least get us to take baby steps with yo crawlin ass
AlainLocke
Banned
No I am saying...how they got their wealth wasn't because of Black folks' own collective wealth...
They go it...by engaging with White wealth...
Wealth transfers right...
If it wasn't for TV stations..and their money and backing...there wouldn't be an Oprah...
If it wasn't for Nike and the NBA and various TV stations broadcasting his games...there wouldn't be an MJ
If it wasn't for various movie studios Will Smith wouldn't be rich...
It took billions of dollars to make Oprah and MJ and Will Smith rich...
What Boyce and Tariq tries to tell you...is that you can magically build wealth independently from everyone else if you just grind and I am saying that's not true...
And they also say shyt like..."We don't need to go to White movie studios or White banks...we need our own banks and movie studios..."
Well White folks got all the money...I mean Tariq sells his shyt on Amazon which is White owned but I shouldn't get the bag from a movie studio?
shyt if you even listen to them, you gonna be broke..
Individual Wealth comes from a pool of collective wealth...
And if you are Black...and you wanna be wealthy...you are gonna go outside Black people to get to the wealth...
Michael Jordan wasn't like..."Yeah Ima just make my own shoe..." He got the bag from Nike and Nike gave him his own brand...
White people don't have to go outside their institutions and structures to get wealthy...
Black people do...which is why there are very little wealthy Black people and the wealthiest Black people ain't even all that wealthy compared to the wealthiest White person...
So if you have this individualistic mindset as a Black person like the collective wealth of Black people don't matter but you gonna get it...and you think you gonna just build your wealth without going to the White man...you are wrong
And if you think White people got wealthy without the government you are also wrong...because White people were mostly poor until the New Deal...
You can't have individual wealth or collective wealth within a group without extracting from collective wealth somewhere.....
White people got their wealth from the government
And Black people who are wealthy got their wealth from White institutions...
So what Yvette, Irami and Antonio Moore are saying...Black people need to get the bag from the government...so we can have institutions to make our people have collective wealth and an economic base that provides opportunities....
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Henri Christophe
Son Of Afrika
Because you can blame everybody fukking else on this planet and they still aren't gonna help you. They're still gonna laugh at you when you mention reparations. They're still gonna vote red when you yell in the streets about white privledge. We're in the situation we're in and no amount of bytching about cacs and white supremacy is gonna change it.
So stop condemning the people trying to at least get us to take baby steps with yo crawlin ass
Thats just facts
Henri Christophe
Son Of Afrika
Listen my nikka... The government aint bout to do shyt.
Idk what planet u nikkas on.... This is white folks we talkin bout..... They aint bout to do shyt to empower ya dumb ass
So basically, we gon die.
Cause I know for a fact white folks will rather see us die before they ever lift a finger to do anything positive for our collective. On God.
When you come back down to reality, create a new plan.
In the meantime, nikkas gotta stack this bread cause that other shyt u talkin bout gon have nikkas out in the street homeless and waiting for cacs to come save the day.
Yeah i.e "individual wealth." Which is why I said individual wealth=/=collective wealth when it comes to Black people. As for the rest of your post your basically agreeing with what I meant especially how the listed people I named got their wealth. There is no collective black wealth where blacks like Oprah can become rich by.
dterpsss
SOHH OG Class 2004
Mindless thinking on her part.
What are YOUR thoughts on these thread?
Black Diasporic Essentials For "Liberation"
Essential - Blacks in America, Real Estate and Majority Black countries
I am of the opinion that we really do not need the govt to escape economic white supremacy. However "group economics", "investing" and things of those natures aint gonna save us. HOWEVER, getting an alternative to Uncle Sam maybe can. Circulating wealth OUTSIDE of America.
Secure Da Bag
Veteran
Look fam. Boyce wasn't wrong on this one. Yvette called it wrong. Aframs ain't as a whole gonna get rich off of just bitcoin. FTR, Boyce never said you would. But as Wu-Tang Financials told us long ago