Or Else What?
“Give Us back our damn money!” the Poor cried aloud. The Rich obnoxiously responded by saying, “Or else what…?” There are the cold facts to this dilemma we face as African-Americans who are constantly struggling to get buy as a minority group in an often unbalanced corrupt economic system based on a foreign banking principals unlike that of our native ancestry.
Here are the hard facts about where our money comes from…
“Only 2% of all the Black folks in America work for their own community, for their own people producing comfort and products for their own people [; meaning African-american based products such as specifically designed hair gels, soaps, cosmetics, clothing apparel, financing, etc]. You have NOT moved one iota in 140 years in terms of employment. Our people still do not understand that you can NOT enrich yourself working a job. A job is NOT designed to enrich you. A job is designed to maintain you… to keep you one week away from welfare, unemployment, and the food stamp lines. If you wanna get rich you MUST move into a business and business ownership. Business will transfer and redistribute wealth 6 to 8 times faster than working a job. The only way you’re gonna get rich working a job is if you steal.” ~Dr. Claud Anderson
Now, look at this picture; Google the picture of the Million Man March twenty (20) years prior headed by Minister/Political Activist Louis Farrakhan. Amazing isn’t it?
Now, think of Pan-Africanist, Marcus Garvey and his UNIA-ACL (United Negro Improvement Association and African Communities League) almost one hundred (100) years ago. Marcus is regarded by historians as the leader of the largest mass movement in the Black history and the progenitor of the “Black is Beautiful” revival that reached its peak in the 1960’s and 1970’s in the United States. He was dubbed the “Negro Moses”. Not since that time has people of color been more galvanized to bring about change and overcome oppression.
Your Economic Status as a Whole
Imagine if you will, millions of people moving in one accord towards a common goal. Economic empowerment; Justice or Else were the themes for this reunion held October 10th in Washington D.C.
According to a recent study (2014) by the Nielsen Company, African Americans will have $1.1 trillion in collective buying power by 2015 (increasing to about $1.3 trillion by 2017), making us “more relevant than ever” as a consumer bloc.
The Nielsen report found that if African Americans in the United States had their own country, we as African Americans would have over $1 trillion in annual buying power which would make us the 16th largest country in the world.
Our Spending Habits
Nielsen then takes us inside the numbers:
Currently, 43 million strong, African-American consumers have unique behaviors from the total market. For example, the Neilsen Report states: ‘they are more aggressive consumers of media and they shop more frequently. Blacks watch more television (37%), make more shopping trips (eight), purchase more ethnic beauty and grooming products (nine times more), read more financial magazines (28%) and spend more than twice the time at personal hosted websites than any other group.’
Keep Your Money Close Or Else…
“The dollar circulates almost ten (10) times within the Jewish community before it reaches the outside. The dollar circulates almost six (6) times within the Asian community before it reaches the outside. The dollar circulates an infinite number of times within the White community; more than all other groups. Sadly, the African American dollar does not even circulate one time within its own community. As a matter of fact, the Black dollar only stays within the Black community less than six (6) hours. This must change if we hope to address the issues of high unemployment, recidivism, crime and other critical issues impacting the African American community.”
Referencing the above report. The report found that:
“The African American community is a vitally important market, based on its growing size and its long influence on American cultural trends and innovations. The buying power of African-American consumers is projected to reach $1.1 trillion by 2015. As noted earlier, census tract data illustrate a trend of increasing household incomes and an increasing population which correlates to increased buying power within this community.”
Get the Message Or Else Stay Broke
One of the messages delivered during the ceremonies held over the MM2 (Million Man March 2) weekend was #NotOneDime. Minister Louis Farrakhan, the organizer of the proceedings, communicated a dialogue unto familiar with many of the followers of Martin Luther King, Jr. calling for a boycott of Christmas. From Black Friday until the New Year, the minister was encouraging people of color not to purchase products from any major retail stores, restaurant chains or financially benefit any corporations that do not empower the Black community or is beneficial to its advancement. Understand, this collaboration (10/10/15) is meaningless unless the lessons learned from this event are implemented within the community and applied on a daily basis. Imagine the impact that can be made if the people in this photo and those not in attendance applied group economics. The return of Black Wall Street would be in full effect and that power could be leveraged to affect change politically and socially.
Think about it.
In closing feel free to leave your remarks or comments below.