Black-White Wealth Gap Getting Worse, 160 Years of US Data Show

[RareHunter]

Except they are changing the financial system as we speak. The new crypto financial system will be once again controlled by Euros. Russia and China won't go with it, but that's probably just going to cause more war. It's over for the world you thought you knew. This is a whole different thing happening now. It's not going to be pretty.

We need to repent as a ppl. If the entire world will suffer, what do these brehs think? That “pawging” will weather them through the storm?

 

[Chrishaune]

We need to repent as a ppl. If the entire world will suffer, what do these brehs think? That “pawging” will weather them through the storm?

I just looked up the numbers. China has the top 4 largest banks in the world and a bunch more on the top 100 list. These Euros and certain people in the U.S. have decided to team up and try to take the financial system back over for good. They think chipping people and crypto among other transhumanistic ideas will get them total control. These people are fully evil. And it all seems like it happened so quickly, but this has been in planning for a while.

5G has barely rolled out and they are already planning for 6G (microchip implants), which I think will shorten the life of 5G, because that's the point they want to get to.

Humans will be implanted with 6G chips by 2030, says Nokia CEO - The Street Journal

Pekka Lundmark, Nokia's Chief Executive Officer, has stated that smart gadgets would be implanted into human bodies in the next eight years, as technical progress evolves into the sixth generation (6G) network.

 

[Godless Socialist CEO]

Not surprising

Black people refuse to learn or embrace Capitalism

 

[saturn7]

Nah this is damning. Making more money than ever before but spending it on nothing but bullshyt and thus the result.

This is not daming.

"Spending Power" is a marketing term. It is not a true indicator of a communities wealth position.

Dr. Jared Ball has covered this extensively.

The Myth of Black “Buying Power" | Black Agenda Report

"It is also important to note that “buying power” is a confused phrase in that it, again, says nothing of a wealth Black people have little of but also suggests that this “power” is or can be for community uplift. The fact, again, that this is target marketing material means that by “power” they mean the ability to generate money for corporations to whom this spending will be geared. It does not mean that Black America has some un-tapped economic strength that can be marshaled to buy that which increases wealth (land, stocks, etc.) and speaks to the basics of colonial exploitation. That is, that the colonized are left only to purchase trifling gadgets and trinkets “footwear” and “clothes,” as opposed to land, stock and other capital most of which is sequestered among the tiniest elite minority.

And finally, it is sadly laughable that too many of us are fooled into thinking our power is squandered by poor purchasing habits, again, since this is all to which we have access anyway. The idea that land and stock is there waiting but we’d rather go to the mall for trinkets results from mass capitalist, white supremacist propaganda which too many of us have imbibed. "

 

[Jekyll]

This is not daming.

"Spending Power" is a marketing term. It is not a true indicator of a communities wealth position.

Dr. Jared Ball has covered this extensively.

The Myth of Black “Buying Power" | Black Agenda Report

"It is also important to note that “buying power” is a confused phrase in that it, again, says nothing of a wealth Black people have little of but also suggests that this “power” is or can be for community uplift. The fact, again, that this is target marketing material means that by “power” they mean the ability to generate money for corporations to whom this spending will be geared. It does not mean that Black America has some un-tapped economic strength that can be marshaled to buy that which increases wealth (land, stocks, etc.) and speaks to the basics of colonial exploitation. That is, that the colonized are left only to purchase trifling gadgets and trinkets “footwear” and “clothes,” as opposed to land, stock and other capital most of which is sequestered among the tiniest elite minority.

And finally, it is sadly laughable that too many of us are fooled into thinking our power is squandered by poor purchasing habits, again, since this is all to which we have access anyway. The idea that land and stock is there waiting but we’d rather go to the mall for trinkets results from mass capitalist, white supremacist propaganda which too many of us have imbibed. "

Buying power isn’t a marketing term. Its a term simply to describe excess money after living expenses are paid…

Buying Power (Excess Equity): Definition in Trading and Example

Buying power is the money an investor has available to buy securities. It equals the total cash held in the brokerage account plus all available margin.

www.investopedia.com

I watch our people spend money on bullshyt everyday. And justify it in the most asinine ways. Keep that defeatist ass “there’s nothing we can do to help ourselves” talk for the sheep who think like you…

 

[OperationNumbNutts]

The writing has been on the wall since the late 70s. Now in the 2000s it's always blacks getting kicked out their home due to gentrification and now you have this online civil war between black men and women. It's like the Titanic hit the iceberg and folks are still partying on deck.

 

[saturn7]

Buying power isn’t a marketing term. Its a term simply to describe excess money after living expenses are paid…

Buying Power (Excess Equity): Definition in Trading and Example

Buying power is the money an investor has available to buy securities. It equals the total cash held in the brokerage account plus all available margin.

www.investopedia.com

In the context of "Black Buying power" it is.
It does not measure wealth in the community.

It does not mean that black folks have 1.3 trillion dollars to buy whatever assets we want.
It measures the ability of consumers to buy AVAILABLE GOODS.

 

[saturn7]

A report from Nielsen

Black Impact: Consumer Categories Where African Americans Move Markets

All that talk of "spending power" and "buying power" is just marketing talk. It doesn't means that we have trillions sitting around to buy appreciating assets.

 

[daemonova]

All freedom has done is make us better slaves. Everything was semi-cool until the powers that be decided to take the equity out of the economy twenty years ago. That means two things:

Forever and a day, revenue was the only thing that matters. Now, profits matter, rather profit margins. Everything must now be self supported or it's not supported. Is money still being wasted, you bet yo ass, when it's yts on yts.

Also forever and a day, most offices and warehouses were filled with yts, no matter the city. The blacks didn't take the yts job, yts always found other ways to continue to live they best life.

 

[Firefly]

They know this because they tally up their pockets after we're done spending our hard earned dollars there. We have no community to spend in and let that dollar rotate in. Asians and Arabs getting rich slumming as well. They may have the biz in the ghetto but they banking way out in the burbs

 

[MasterThought]

The fiscally IRRESPONSIBLE, extreme materialism, spend ya $$$ on white name brands, make it rain , YOLO mindset is too prevalent in the community/ culture.






It's over.

 

[CodeKansas]

Their model shows that even with reparation's, the gap would likely persist for 100's of years before showing any material improvement.

Don't care, they can still cut the check. It's gonna be some nikkas out there that give the money right back. The ones that don't will prosper.

 

[Cotton Hill]

Exactly.

And reparations might not be the end all be all but they damn sure would help.

Who wrote this article?

Didn't you cosigned the Fresh-n-Fit guy?

 

[Pimp]

Looking at that chart.. Reparations ain't the answer because Latinos are up 112% more than 20 years ago. Black people need to stop living in the past and making excuses. Go out there and make shyt happen.

20 years ago every barbershop i know was black. Now damn near everywhere i go is a bunch of Dominicans or Puerto Ricans.. The only thing stopping black people is mindset.

 

[Pimp]

Don't care, they can still cut the check. It's gonna be some nikkas out there that give the money right back. The ones that don't will prosper.

That will be about 95% or more. Money ain't ahit if you don't understand it. People done had 300m and are broke today because they didn't understand money.