Monday, March 14, 2016

do ("Black") BANKs matter??

Once Upon a Time; there was a "Freedman's Bank"!!
http://www.blackpast.org/aah/freedmen-s-savings-and-trust-company-1865-1874

What happened to it?  In short: JIM CROW, and the Carpetbaggers and Scalawags that worked to destroy that Bank; and, steal the assets of the Freed Slaves.  Their long-term goal was to make non-whites in the United States, permanently dependent upon Whites for their money, in forms of pay, and, for all forms of banking services.  As was the case with my Grandfather, and many other small businessmen in the early 1900's; the Banks "appropriated" their funds, at will.  Until this day, People of Color are poorly served, if at all, by our Banks, throughout the Country, and, Non-Whites are, as a result, most disproportionately DEPENDENT on Whites for their income.  Over time, Blacks, and other non-whites developed habits of SPENDING their money.  Grandpa made me aware of the fact that in my home-town, everything most Blacks owned were either worn, ingested, or, otherwise consumed.  http://www.history.com/topics/american-civil-war/carpetbaggers-and-scalawags

Many of them "traded" with Gram-Pa, when they needed Credit, but, did not when they had Cash to Spend!

"The White Man's Ice is Colder", was one of his expressions.
  
In the Global Economy; any group of people who do not control their access to wealth, will be left behind!

Poor and  Lower Class White Citizens of this Country may be following TRUMP and CRUZ because they expect those guys to provide them access to wealth, through extraordinary means; Authoritarian, or, UnConstitutional Means!!  It is hard to see how they can become successful participants in a Global Economy, otherwise.

Stay Vigilant!  MEDIA is "consumed" with the Social Aspects of TRUMP and CRUZ.  They ignore the Economic Hopes of those hordes who flock in their wake.  Religion can serve as a Mask, for both!  Financial Ignorance is rampant in this Country; even among the "Highly Educated"!!

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