|
>2)endless circulation of money WITHIN the >community. banks and other finacial >institutions would have their profits >going towards the community instead >of away. RESULT: beginnings of >self-sustained system
No economic system can be self-sustained, in fact nothing can be self sustained...it goes against the laws of Thermodynamics
However, there is nothing wrong with essense of this idea. But we need to remember to add one wrinkle (a pet peeve of mine - because no one from Tavis Smiley to Black Enterprise EVER says this) It is not enough to build Black Businesses, that cater to Blacks and have Black customers and are only in Black communities. In fact, it's far from enough. The problem in the Black community is that there isn't enough wealth in the first place, SO we have to CREATE wealth and by going to other sources to bring it into our communities.
What does this mean? Two things 1. Investing, playing the markets. Grabbing a piece of the Wealth pie largely held by Whites and bringing it into our communities. 2. Building strong businesses that compete for everyone's dollar, again bringing in wealth/cash from the larger mostly white community and bringing it home.
Look at the Jews, they sell products/goods/services to everyone and then they bring the money into their own communities and increase the total pool of money, then they start passing it around, while others continue to bring in new money.
Another way to look at it, is to think of a community with 10 million dollars which gets passed around. Wealth will be created when say 500k of 600k on deposit with a bank, gets lend out to someone (that's one way weath is created, because the depositor still has that money, as does the seller/vendor who received the money from the borrower) BUT, it's slower and we're still trying to build with the same money. HOWEVER, if we bring in 5,000/year from outside sources...we'll build wealth MUCH faster and you won't get a case where you hit a limit of what you can do with those limited funds...as the money gets spread too thin.
> >3)economic and political influence within the >larger arena of this nation >and abroad. interests of the >community and voices that would >otherwise be go unheard would >be recognized.
See above......gotta bring in money from all sources.
Peace,
M2
The Blog: http://www.analyticalwealth.com/
An assassin’s life is never easy. Still, it beats being an assassin’s target.
Enjoy your money, but live below your means, lest you become a 70-yr old Wal-Mart Greeter.
|