African American Manifesto: My Black Agenda for Mellenium 2000

African American Manifesto: My Black Agenda for Millennium 2000

African Slaves[I am touched that you wrote me. I have been planning to start a Black business bureau for some time now. I have not written out the plan, but this seems as good a time as any. This letter will not only go to you, but I am now, because you inspired me, will be sending this out to every Black church, Black politician, Black organization in the entire country. I can dedicate a few thousand to this letter and campaign. I am also an online marketing genius and will be doing a major press release of this letter as well. Thank you for inspiring me. Here’s my response to you.]

When African slaves were sold or stolen from Africa, they were first sent to an island just off the coast of west Africa. On this island, they were mind-wiped and the men were brainwashed against the women. For, 95% of Africans were sent to central and south America. In central and south America Africans could hope to live the ripe old age of 23. However, they actually were treated quite a bit better, since they learned skills. However, because their death rate was so high, they never grew in population.

Well, what about that 5% that was sent to America? Because the US had a constitution that said “all men are created equal”, Americans went overboard to make sure Africans were never seen as humans. They went through TWO different mind-wiping sessions. One off the coast of Louisiana, and a 3rd at the auction blocks. However,they were treated with kid gloves, compared to south America. However, they were kept as dumb as rocks. They learned absolutely nothing and it was forbidden to teach them anything, by law. Americans were deathly afraid they would revolt, which actually happened several time, but was kept to just that city. One town was completely slaughtered by Africans. There is even a famous painting about it, however this is not taught in public education.

When slavery was abolished in the US, Africans had been able to live to a much higher age than in south America and grew to be 30% of the population. However, these Africans had been mind-wiped 3 separate times, stripped of religion, origin, family, and culture. Upon their release they knew nothing, literally nothing.

Africans had to teach themselves how to read and write, make a family, farm for themselves, etc. Two things they could not teach themselves: their religion; their cultural origins. Even with these horrible odds, Africans became 80% literate in 50 years, something unheard of in human history.

While there were Africans that flourished in the new free era, most barely got by. A lot were slaughtered by racist white people who saw African freedmen as an economic threat to their livelihood. Many new laws were passed to keep tools out of the Africans hands; minimum wage laws were passed to keep people from hiring Africans; and anything produced by Africans was not allowed to come to market. Many African farmers went under from not being able to sell their produce.

The answer is not a question of just pouring money into the modern African American community. It requires a COMPLETE overhaul.

  • – branding: African Americans need to be branded as a viable and independent political group with our own identity, culture, religion and origin from Africa
  • – BRANDING: we need to produce new art, media, entertainment that if Pan-African, African centered and African inspired, with Africans as the only people in such media [THIS IS MORE IMPORTANT THAN ALL OTHER POINTS]
  • – we need to denounce any and all other groups that try to co-op our history, culture and art, who systematically claim it as their own and as their origination [like the Egyptian story; jewish story; our music; our culture]
  • – as a political group we need to acquire and send lobbyist to every state legislature and the federal congress, to lobby for African political and economic gains [NOT CIVIL RIGHTS]; we need things like the war on drugs stopped, which was intended and used as a racial profiling thing to send Africans into the prison system, to the tune of 75% of all Africans in prison today are there based on drug charges, to the tune of a $75 BILLION a year price tag; we need to remove all racist legislation; we need to understand, read and hold politicians responsible to the constitution, which is our best and only way to eradicate racist legislation; we need to remove Africans off of all social welfare legislation, this has destroyed the African family
  • black married couple and kids– as an independent political group we need to divorce ourselves from the Democrat party; if we are serious about our independence we need to have the capability to vote as a group; voting for the Democrat party has made the Democrats take our votes and voice for granted
  • – we need to control African finance and African money; we need to open and gather in every city African run, operated and owned credit unions; we need to aggressively educate and finance African business; we need to arrest and stop any 3rd parties that are financing and control African business
  • – we need to control all African disposable income and spending; we need to arrest and stop any 3rd parties that are selling commodities in our communites and to Africans in America
  • – we need to control all African necessary expenditures, this includes food, energy and real property; we need to arrest and stop any 3rd party that controls necessities Africans have to pay for
  • – we need to go into our communities, move back in, fix them up, and open up all forms of business that Africans need and use on a daily, weekly, monthly and yearly basis; we need to target and pick locations that have high concentrations of Africans already in them and do our best to move out 3rd parties; we need to open up convenience stores, credit unions, grocers, transportation and everything else needed, in each community so that Africans do not need to go outside of the community to spend money.
  • – we need to start regional stock markets that trade in African produce, commodities, and equities in African firms; this will get African farmers to produce and transport their produce to African stores as one big giant economic circle
  • – we need to connect these regional stock markets with stock markets in the motherland, which are now booming and coming online; 2 new major stock markets have come online recently in Africa and they need more business
  • – we need to understand that marriage is the most stabilizing social factor in our modern time, and we need to encourage our community to get married at every opportunity; marriage also is very strategic and economically good for both people; we need to launch a national campaign to encourage Africans to marry each other; we need to put African marriage in front of our people, through pictures, art, music, entertainment and as a sound business strategy [since it is more economic to be married]
  • – we need to purchase and take private, all historically Black Colleges; we need to control all African education; we need to arrest and stop 3rd parties from mis-educating our African youth, young adults and young professionals; this is exactly what all other groups do; we need to open and start vocational and skill based education for high school and young African adults; we need to access and encourage our youth to understand what they are good at, what they desire and to realize that college is not the answer for nearly 60% of the population; we need to educate our youth that colleges are a business and that they are putting out propaganda that you “should” go to college, in order to rake in money, at the young African’s expense, which they’ll be paying for, for decades; we need to encourage our young African to develop skills, such as automotive, electrical, plumbing etc, for blue collar paychecks, instead of minimum wage

If we are to survive this next century, we need to take some serious stock of what we are doing. We need to realize that, unless we get organized and think of ourselves as a group, we will be treated as chattel, misused, miseducated, and state dependent victims to a socialist state, with our wealth stolen year after year.

As it stands now, Africans in America cannot do anything to protect, save or help our countries in the motherland. Our people are being raped, murdered and wealth stolen by nearly every western power on the planet, and now Asia is getting in on the taking. We need to clean our house and get it in order.

For Blacks: Mo Money in 2011?

My Financial Suggestions for Negros in 2011

Hello brothers and sisters!  Happy new year.  I hope you sat down at your desk and mapped out your year and planned everything you would “like” to do this year.  But, what about what you would like to financially achieve this year?  Very often Black folks, or even Americans in general, do not sit down at the beginning of a year and plan ahead for their finances.  Trust me on this one when I say, when you write it down, just the act alone, seems to help you achieve it.  I am always harping on what Black folks won’t do.  So I like to put my money where my mouth is, and we’ll go through this together and suggest what ought to be done.  Ever hear of a Black leader that does that?  They’re so quick to tell you what shouldn’t be done.  Black preachers climb the pulpit every Sunday and tell you what you can’t do.  Black “leaders”, a.k.a. NAACP wannabes, delight in telling you how you’ve been wronged.  But, not a damn one of them empower us.  Not a damn one of them tell us what we can do.

I don’t think Black people have financial education.  I am no Warren Buffet but I will share with you some financial ideas that I think even the most financially uneducated brother or sister can not only understand, but financially do.

This Year’s Financial Planning for Black People

I am going to tell you some things that might seem counter to what all the financial gurus are talking about.  But, what you don’t know is most of those financial gurus are not talking to you.  They are talking to people who have $150,000 saved in the bank.  Do you know the average social security retiree has a whopping $50,000 saved in their social 401k plan?  There is no way they can retire off of that.  So all these speeches about what you should do with your money does not apply to you.  [and me]  We do not have the basic of the basic already sorted out, have at least $50,000 in savings alone.  So if I say something that doesn’t jive with what your financial hero is telling you, understand that your financial hero makes about $300,000 a year and think everyone has $50,000 saved in the bank ALREADY.

The Easy Way to Save

Before you can save you have to get your spending under control.  If you go to a store more than twice a month, you are out of control.  That is including groceries.  Basically the idea is that most Americans are living waaaaaaaaaaaaaaay above their means.  They are shopping non-stop.  They are paying for things they do not need.

There are far more rich people that lived below their means and saved up, than there are that wandered into a pot of gold.  There are far more rich people that were stingy with their money than those that had riches fall in their lap.  Being wealthy takes planning and commitment.  Don’t be afraid of the word wealthy either.  I consider wealthy to also cover how great your family is, spiritually.  Oh and by the way, these days having one million dollars is not considered rich anymore.

Now, all the financial gurus tell you that saving your money works against you.  The Federal Reserve Bank prints a cool $50 million a day.  That’s right! A Day!  That means the $50 you put in your bank every paycheck by the time you walk out the door, is really only worth about $45.  Just that fast inflation is eating your money.  Now couple that with the fact of capital gains tax, which is %15 off of what you make in a savings account.  Right now across the land it’s a bleak 1% OR LESS.  So if inflation of 5% and an additional 15% don’t get you, your own spending will get you.

So why am I even discussing savings?  Because you have to have a foundation before you can anything with money.  You cannot talk about sound investing if you have no money to invest.  You do know that, at a minimum people are talking about having $20,000 or $30,000, when they are discussing investing.  And, they expect you to have that saved by age 26 or so.  So if you don’t have that, all of that discussion doesn’t even apply to you.

I asked my bank if my account was terrible, two different banks told me that 90% of their account holders did not have enough in their account to buy an expensive meal.

So what can we do to save money? There is a financial term called a DRIP program.  It stands for dividend reinvestment program.  It means that you buy into the direct shares of a company, below the minimum of what a normal investor would have to pay, about $1,000.  Your buy in is then kept by the company and as your little money stays, they pay you an exact portion of what you make off of your “stock”, when they pay out dividends.  However, instead of you getting the money, for your tiny portion, the company reinvests the money to buy you more stocks.  So, for instance, if you were to buy into the Proctor & Gamble DRIP program with $500, come time for them to pay out dividends, they take the $5 you earned and buy you more stock.  So you end up with $505 worth of stock in the company.  Over a long period of time, you might end up with 20,000 shares from just a tiny amount.

My suggestion is for you to apply the same principle to yourself and your savings account.  Most people put all of their money into their checking account so they can pay off bills and such, or buy groceries.  That is fine.  As long as you keep an up-to-date checkbook you will never go into the hole.  Setup your own DRIP program from your checking account, to your savings account.  Unless your bank is in the stone age, you can go online and do this.

Setup a daily or weekly transfer from your checking account to your savings account.  Now the amount is going to be the big question.  Put too little in and reaching $30,000 will take forever.  Put too much in, and unless you are really in control of your spending, you might run the risk of getting in trouble.  In trouble because the savings account is to be treated as if it is untouchable.  Under no circumstances can you take out money from your savings account.  That is the whole point of it being a “savings” account.

Think of it in terms of how much you are personally worth every day.  Let’s say you make $100 a day.  Of that $100 how much goes to direct, unquestionable, expenses, i.e. rent, power, water, gasoline / transportation?  Now remember this is daily.  Let’s say $50 a day covers all your expenses.  Then you might have $20 in questionable expenses, i.e. cell phone bills.  That leaves you with $30 a day to play around with.  Let’s say you put that into your savings account, which gives you 1% interest:

  • $210 a week or $30 a day
  • 1% interest rate
  • compounded monthly

That comes out to be $114,855.00 after 10 years.

Let’s say you only put in $10 a day, at 1% interest into a savings account

  • $70 a week or $10 a day
  • 1% interest rate
  • compounded monthly

That comes out to be $38, 285.00 after 10 years.

You can see right off that aggressively saving is going to get you there faster.  If your goal is to get to $30,000 it would take you 3 years if you only saved $30 a day or $210 a week at 1% interest.  To get to $30,000 in one year at 1% interest rate you would have to save $80 a day.

Now most black folk only think of themselves, by themselves.  Let’s think outside the box right quick.  Imagine that your entire family contributed to the savings account.  You could probably easily save $80 a day, or more.  If you consolidated your families expenses by moving together and sharing the expenses, you could probably cut everyone’s expenses in half.  Yes, I am talking about your grown children moving home, or you moving in with your grown children.  Outside of the U.S. people live with their extended family under the same roof, quite frequently.  And, before you start going down the path thinking I’m talking about some poor 3rd world country, I am talking about Europe, very wealthy countries.  Only Americans consider it their duty to move out and double their expenses, like idiots.  Or worse, get into a house that takes away more than 30% of their salary.  You do know that mortgage lenders do not want to lend you any money if all of your monthly debts exceed 36%.  That includes house note, car note, cell phone bill, power, water, garbage, property taxes, gas bill.  So if you made $100 a day, you better not have more than $36 a day in total bills.  That is $1080 a month in bills.  If you are paying more than that, in total bills, you are living WELLLLL above your means, i.e. you’re broke.

What Can I Do With Thirty-Thousand Dollars in One Year?

So we are going to save this $30,000 this year.  The next question is, what do i do with it?  No we are not going to spend it all.  We are going to go into business for our selves / family.  Of all the business ventures you could go into, real estate is still the safest to get into.  With $30,000 you can leverage yourself into most single family properties, that you are going to rent out to someone.

So the plan is to get into a nice single family home and rent it out for “cash flow”.  First you have to prepare yourself.  Buy every real estate book you can get your hand on.  Keep in mind, no one book is going to have all the answers.  Even text book real estate books, do not have all the answers.

Next, become an expert in accounting. Read everything you can on accounting.  If you do not know about money, you will never keep money.  Understand that accounting is only going to tell you how money is tabulated.  However, it is a basic principle that is unquestionably necessary to learn.  Every Black person in America should know accounting to the advanced level.

Next, comes understanding taxes.  Every Black person in America should learn taxes inside and out.  So many Black people are raped by the federal, state and local government through taxes, it isn’t even funny.  And, I used the word rape literally.  Black folks pay, per capita, the highest taxes of any other racial group and yet have the lowest median household income in the entire nation.*  There has got to be an end to it.  Know your taxes.  Take advantage of tax shelters and tax deductions.  Your children are your biggest way to save yourself from taxes.  While you keep pushing them away and telling them stupid crap like, “man up” and move out the house, you’re killing yourself with taxes.  Idiot!  Stupid is, as stupid does.  Black folks shoot themselves in the foot, face and head all day long and then turn around and wonder why they’re in the state that they’re in.

I suggest you print this article out and sit down at your desk and plan out your year:

  • learn everything about real estate
  • learn everything about accounting
  • learn everything about taxes
  • save $30,000 this year

Now that sounds like a financial new year’s resolution that you can achieve.

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Black Househould Income: Is It Lower Because We Don’t Support Ourselves

Black Household Income

Blacks have the lowest household income than any other race. They are even lower than Hispanics, which, the census takes into account even the illegal Hispanics. I’m going to show you factors that contribute to Black household income being so low. These factors cannot, in my opinion, be controlled by government, but by Black people themselves. In this article I’m going to show you how:
Black on Black, male / female relationships or lack thereof contribute to the entire Black American race having a far lower household income; Black child rearing and lack of child spending contributes to the uplifting of the entire Black American race; why Asians dominate the household income charts and what Blacks can learn from them; Black Americans do not educate themselves on financial matters, even the Black middle-class; Black Americans don’t accumulate assets; Black Americans live above their means; Black Americans purchase / rent housing that takes up to 50% of their income. I will show how all of these factors contribute to Black Americans having the lowest household incomes, key among them being relationships and child rearing.

Median income..............1975...........1985..........1995..........2006
Black .....................$23,691 .......$25,642.......$28,485.......$31,969

Marriage...................2205...........2006..........2007..........All Races
Now married................33.8% .........30.8%.........30.5%.........53.4%
Divorced...................11.6% .........11.4%.........11.5%.........10.2%
Never Married..............43.3%..........46.7% ........47.2%.........28.1%

Immediately from the chart you see two things:
1. Asians dominate the household income
2. black averages across the board trump all marital indicators

Why Asians Dominate Household Income

One of the leading indicators of household incomes is the amount a household brings in. While Blacks are more likely than not to be single, almost double the national average, Asians are more likely to be married and both husband and wife work and bring in approximately $29,900 annually, which just so happens to be the black household income.

“It just so happens that nearly 78 percent of all Asian Americans live in dual income households. If that is the case, then the majority of Asian American households are comprised of two earners earning about $29,500 each. Still not too bad, considering the median household income of Black households.”

It’s not a stretch in logic to say if Asians are more than likely to count a dual partnership in income, and Blacks count as singles, then it is clear that the Asian income is perfectly double that of Blacks and it’s directly related to them being more married than Blacks.

Black females are the single most unmarried person in America. Looking then at the statistics, you can clearly see that that has an impact on household income as well.

Let me pause right here and give you an example where Blacks are like the Asians above.

From The New York Times 1994:

In Middle-Class Queens, Blacks Pass Whites in Household Income – Compared to whites, black couples were more likely to consist of two wage earners. Their income was more likely to be supplemented by their children’s earnings. Nine in 10 blacks said their income came from wages, compared to 3 in 4 whites, who were more likely to have retirement, Social Security and investment income.

Black wives typically worked longer hours and, consequently, earned more than their white counterparts. About the same proportions of black women and white women held professional specialty, executive, administrative and management jobs. Relatively few black men held these sorts of jobs.


Let’s Look at Some Other Income Factors.

Sixty-eight percent of African-American middle-class households have no net financial assets whatsoever and live from paycheck to paycheck.

Only 2 percent of African-American middle-class families have enough net financial assets to meet three-quarters of their essential living expenses for nine months if their source of income disappeared. well below the already alarmingly low national average of 13 percent.

Even more alarming, 95 percent of African-American middle-class families do not have enough net assets to meet three-quarters of their essential living expenses for even three months if their source of income were to disappear. This figure is well above the national average among all middle-class families of 78 percent.

Only 26 percent of African-American middle-class families spend less than 20 percent of their after-tax income on housing—below the national average of 40 percent.

Thirty-one percent of African-American middle-class families match the Department of Housing and Urban Development’s definition for housing burdened, spending 30 percent or more of their after-tax income on housing expenses. This falls well above the national average of 28 percent of all middle-class families.

According to a report done by USA today on November 19, 2007 about the sons and daughters of the black middle class: 45% of black children from those families end up “near poor,” Pew reported. The comparable number for white families is 16%.

Support Your Own Community

Time and again, minority races have come to this country. They would segregate into their own communities. However, all other races, except Blacks would stay in their community and build it up. Blacks are the only race that moves out of the community and gives all of their money to another community.

Let’s look at an alarming chart:

.....................................(percentage of all nationally held firms)
Black-owned firms, percent....................... 2002.................5.2%
Asian-owned firms, percent....................... 2002.................4.8%

What’s alarming is Black national average population is 12.8%. The Asian national average population is 4.4%. There should be no way that privately held businesses should be statistically equal. The difference is that Asian held businesses are supported by the community.

Support Your Family

“Blacks spend less per child in the household.” – Allocation of Income Within the Household: ed zlazear and Rob Michael

What this means is of all the races, Blacks spend less on their children than Asians, Hispanics and Whites. Now one might say, “Blacks have less income to spend so they spend less per child”. However, if you note, Hispanics make only a few thousand more a year than Blacks yet spend more on their children. Asians didn’t start out dominating the household income until 1991. Asians also have a habit of spending more on their children than any other race in America. It would stand to reason then that given this habit and recent history, that spending more on your child as a race would tend to uplift the race.

In the research I did on child spending, Blacks exhibited the most selfish characteristics of all the races. Blacks would leave the community they were raised in nearly 100%. Blacks would not spend any money on anything extra for their children: sports; leisure; education; clothing; food. Blacks would not spend nearly any money on their children’s college education. It seemed to be a notion that once the Black child was 18 they were all but kicked out of the home and left to fend for themselves. Opposite to them, Asians spent more on their children during college and during their college years than any other race. This single factor might be the leading indicator of why Asians fair better economically than all races in America, even better than whites.

I’m sure some of you might be muttering under your breath that, this is all due to single mothers or dead beat dads. The instance of single parenthood among Blacks is statistically inconsequential. There is no vast amount of single Black mothers and Black dead beat fathers. In fact should anyone say such a thing to you, more than likely they are only saying that to be a racial slur. Among the Black Race there are more Single, never married, non-parent individuals than any other factor. The other major factors are Married or married with children. Rounding out with Divorced at a very small 11%. What’s left is nearly 1% of single parents. So these statements aren’t talking about the single parents, they are talking about married parents. And the data that we are discussing today is about children that were raised when marriage was at an all time high amongst Blacks, nearly 45%.

Solution to Raising Black Household Income

Isn’t it obvious? Stop being selfish with your money. Wake up and recognize that your story is over, you must invest in your children to have any impact on your race. [ that’s true for all races, not just Blacks ] Stop living beyond your means. Asians spend $46 on their children out of every $100 they spend on adults. Blacks only spend $30 out of $100 spent on adults. With that huge disparity, Black children are not going to be competitive in this money driven society.

Give back to your community. Buy a house in your own community and renovate it and the property. This makes economic sense as well. The cost of low cost housing is a much better cost savings over the span of your life than spending a lot of money for a house in a high cost area. By renovating you also raise the value of the house, and it goes from being an expense, to a possible investment.

Get over this, “I can’t live with a Black man.” As I showed earlier with numbers, the Black female is the most single person in the United States. Whatever hang ups you have, get over them. You are going to wind up an old-maid.

Support Black owned businesses. Blacks support Black owned business the least out of any race. This trend needs to be reversed.

[sorry this was so long]

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