"There is no stronger weapon against inequality and no better path to opportunity than an education that can unlock a child's God-given potential."

President Barack Obama

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Saturday, February 26, 2011

The Circulation of Black Wealth

What is the circulation of wealth? There is the circulation of wealth in every country, in every continent, and in every culture; except the Black race. Name one affluent country that is dominated by Blacks. The only affluent cities in America that have a 50% Black population or more are Atlanta and Washington D.C. The circulation of wealth in the Black community is small, so small that it bears no influence on Corporate America.

So what is the circulation of wealth? The circulation of wealth is the flow of money through a certain community, country, or sect. In America it would be called the circulation of American wealth; Americans putting money into the hands and businesses of Americans. The Jewish have a very strong circulation of wealth. That cycle needs to be established in the Black community and on a macro scale. Black people need to be investing their money into Black owned businesses and colleges so that the money goes to expanding the Black community. The Black community cannot grow if the money comes from the hands of a Black owned business or African American consumer and goes into the company of a foreigner. It is the same predicament that America has going on today; jobs are being lost because American jobs are going overseas. American money is leaving the country and going into the hands of foreigners instead of staying in America. Well this plight has been an ongoing disaster in the Black community and must come to an end if they wish to prosper as an independent community and leading provider of a variety of products.

With no or little money coming into the Black community how can they build a foundation where they can send a message to other cultures (especially Caucasians) that “hey, we do not need you financially?” The circulation of wealth is not about beating out others or separating yourself from the pack but being independent and a strong contributing entity to society. Poverty is at a records high in the Black community, sending a message that MILLIONS of Black people are not investing, owning their own business, or obtaining a college degree to elevate themselves up the corporate ladder. With that said, how can the Black community even begin the circulation of wealth in their community if ALMOST HALF of the Black community is living in poverty (42%)? This leaves the other 58% of African Americans to carry the load that almost half of the other African American population should be hauling themselves. This DEAD WEIGHT cripples the Black community and leaves them at a stand still. Only until every African American begins to aspire for a college education and creating their own establishment will the Black race begin to dig themselves out of this mire.

For those who do not create their own business, rising to the pinnacle of a fortune 500 company or million dollar establishment is the only alternative. In these high positions they will have the power to open doors for more African Americans thus shifting the companies into a more multicultural establishment. But none of this can be done without a college education. For the circulation to begin, Blacks MUST have the agenda of putting their money into the hands of another Black outfit, and that company putting their money into the hands of a Black organization, and then that organization using that money to inspire the next generation of Black magnates. This is the circulation of Black wealth. The wealth never dies out; it forever lives on as education to the youth, investment for products, and subsidies for powerful projects.

This is what will revive the Black community and turn them into a vigorous entity that will rise above the suppression of stereotypes and racism. No more waiting for a “white man” to hire you or going into hamlets that do not want the company of Black people. Black people will be creating a world for themselves that is segregated from foreign insularities. Their own Hollywood; their own Beverly Hills; their own UCLA, Wal-Mart, and McDonald’s. Billion dollar establishments erected by Blacks and putting money into the hands of not only Blacks, but everyone as a whole.