BEGIN:VCALENDAR VERSION:2.0 PRODID:-//InvisionCommunity Events 5.0.18//EN METHOD:PUBLISH CALSCALE:GREGORIAN REFRESH-INTERVAL:PT15M X-PUBLISHED-TTL:PT15M X-WR-CALNAME:RMCommunityCalendar NAME:RMCommunityCalendar BEGIN:VTIMEZONE TZID:Europe/London TZURL:https://tzurl.org/zoneinfo/Europe/London X-LIC-LOCATION:Europe/London BEGIN:DAYLIGHT TZOFFSETFROM:+0000 TZOFFSETTO:+0100 TZNAME:BST DTSTART:20250330T020000Z RRULE:FREQ=YEARLY;BYMONTH=3;BYDAY=-1SU END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:+0100 TZOFFSETTO:+0000 TZNAME:GMT DTSTART:20251026T020000Z RRULE:FREQ=YEARLY;BYMONTH=10;BYDAY=-1SU END:STANDARD END:VTIMEZONE BEGIN:VEVENT SUMMARY:Economic Corner 25 10/27/2025 DTSTAMP:20251027T171616Z SEQUENCE:0 UID:569-7-c3fe8195a3dde498d013e477e2142422@aalbc.com ORGANIZER;CN="richardmurray":noreply@aalbc.com DESCRIPTION:\n Two big financial issues have come to my realization. \n \n\n\n 1) Some Black people want the current financial growth in the black populace in the usa to move faster than warranted. \n\n\n\n 2) Too many Black people can't simply say the USA is a failed financial state. YEs \, most powerful military in the world\, welfare lifelining every single fail ed white owned industry in the usa. But\, when any fiscal environment unde r a flag is as terrible as the usa\, that doesn't show signs of an environ ment worth doing business. \n\n\n\n  \n\n\n\n And I want to add\, the co ndition of NYC + Los Angeles I should had added. Los Angeles was built on the film industry. All those props \, set designers\, Los ANgeles was buil t on the film industry\, barely any films are made in los angeles\, where is the mayor of los angeles? this is the second largest city in the usa an d it let its biggest industry disappear? how is that good business? NYC ha d every industry you can name in its bounds\, now it is a real estate den\ , trying to figure out how to turn a failed real estate system into collec tive wealth. Detroit with cars\, how can I forget. The USA's big cities\, have all gone to ruin\, all led by whites all led by MIT/HArvard /Yale peo ple. What does matriculation have to do with it? \n\n\n\n Black people in the usa for some reason\, keep suggesting the usa is a positive place for businesses and if you are honest\, it isn't. \n\n\n\n  \n\n\n\n The fol lowing is the complete comment\n\n\n\n  \n\n\n\n  @KENNETH \n\n\n\n Wel l I have said in this forum already\, in 2025 Black people in the usa have more business ownership or collective wealth than in the USA in times pas t. Using the Black History Book\, through enslavement from 1492 to 1865 th rough jim crow from 1865 to 1980 Black people were financially stymied in overhwhelming majority by whites\, this is a financial fact. So from 1980 to 2025 Black people after fighting through white terrorism/oppression to have unprecedented opportunity in majority\, has led to an ever increasing rise in black business ownership or personal wealth from 1980 to today an d growing. \n\n\n\n So from my view\, what your talking about is accelera tion. You want Black people in 2025 to be inspired as in times past as a c ollective. We taught ourselves to read in the late 1800s on will alone. We marched and rallied for legal changes that would influence how the usa wo rks with may black people being murdered in the 1960s. Shirley CHisholm sa id black folks in the usa need a financial focus today. But where is the i nspiration to come from. \n\n\n\n From 1980 to 2025 Black ownership had m oments to lead greatly financially and they all fell.\n\n\n\n  \n\n\n\n B lack Entertainment Television was black owned\, the majority owner who was black sold the company from under the other black owners\, that undercut black owned media  outlets ever since. Johnson could had reached for a co nsortium of black people to own BET\, provided corporate rules. But he did n't. HE just sold it to whites who themselves are looking to sell their co mpany to a holding firm this very year. \n\n\n\n  \n\n\n\n The man who o wned BET and sold it started the CHarlotte Bobcats. Sold it to Black man\, Michael Jordan\, who then sold it to white people. Black people say why w e don't own sports team all the time. We owned one  and it was sold to wh ites. Jordan couldn't find a set of black owners to buy the team? \n\n\n\ n  \n\n\n\n As I Said in this forum\, the million man march could had bee n used to make a political march into a financial agency. Over a million b lack men marched on washington for guidance to the black community in the usa. the black people who led that march didn't provide anything. whose fa ult is that? they could had made a website and gave each man who was willi ng to give one dollar a ticket/card and said\, when you go back home\, use this card to access the website and vote on how we want to use a million dollars\, and every year with one dollar\, each million man wil lbe part o f a financing to something n the black community in the usa. But\, the mil lion man march doesn't even have a website .\n\n\n\n  \n\n\n\n In the har lem I live when the HArlem EMpowerment Zone which was advertised as financ ially beneficial to HArlem which at that time was still majority black\, o nly one blac owned business in harlem received funding and that was cause that business knew someone. HArlem at that had an all black elected repres entative body fromc ity council to state assembly to stt senate to house o f represnentatives. All f those blac elected officials couldn't demand bla ck owned busineses have a greater cut\, with the clintons as the supposed spearheaders of the money? \n\n\n\n  \n\n\n\n George bush jr started the national african american museum\, but Obama was president through most o f its administration. Why couldn't obama open up the management of that mu seums' creation to more black people\, with varying views and beliefs. The national african american musuem was made with a black 1% in control\, th e black 1% have never viewed the back populace in the usa properly in my v iew. They have always viewed the black 99% as erroneous/lazy/wrong and tha t matters in the narrative fo black history which that museum displays. \ n\n\n\n  \n\n\n\n What is my point? \n\n\n\n from 1980 to 2025 Black lea ders  in the usa had moments to guide to inpsire black people to work wit h each other for positive goals but usually they end up teaching the lesso n of individualism. And so.... from BET to the NAtional African American M useum the lesson isn't black people in the usa need to work together in th e age of integration\, the lesson taught is black individuals in the usa i n the age of integreation earn the right to do as they see fit regardless to the black community or blakc collectives betterment in the usa. And so how can you expect black people living in a black town in mississippi with out water\, near poisonous landfills to have this great black on black fin ancial belief when black people who are millionaires and billionaires are selling to non blacks or not doing anything to the village's betterment?  \n\n\n\n Yeah steward and smith \, steward a savvy businessman in the righ t place at the right time started as  reseller of technology\, rode the d ot com wave \, which busted. Smith a chemist fortunate to have some patent s and invests in software firms at the right time\, has grown as all softw are investment firms have. Congrats to both\, both hire and employ black p eople.  Well done to both. But\, I also provided examples of others who s old their firms. \n\n\n\n In conclusion\, I already stated black business in the usa  is growing\, this is financial fact. But you are looking for acceleration and  you have to really look at the field fo black wealthy people who aren't leading the way to such an explosion and it is financial ly irresponsible to suggest black people who have only been able to be par t of the usa's financial environment since the 1980s to erase the lag from 1492 to 1980 caused by whites. \n\n\n\n thus the financial growth will b e slow until some black billionaire or elected official leads much better\ , offering guidance that can convince black people to take huge risks. \n \n\n\n  \n\n\n\n \n On 10/26/2025 at 9:45 AM\, KENNETH said:\n \n\n \n \n Charles Rangel defeated Adam Clayton Powell in New York in the 1970 D emocratic Party primary for Congress. \n \n \n\n\n\n I happen to know ab out this. Adam Clayton Powell jr had lost connection with the rising set o f younger black elected officials. It wasn't the people clamoring for rang el \, Rangel hadn't did anything to warrant all of that. But rangel /dinki ns/patterson whose son is blind and the guy that recently passed away who was in the ny senates\, three of them from harlem without question\, I don t think patterson was but I am uncertain.   had formed a little union wh o would run harlem and black politics in nyc for decades\, that is what ha ppened. Powell jr alienated himself from the new generations and they oust ed him. One thing black people have to do is stop telling false histories. I know I may sound like I am attacking you but I am not. I can't stand wh en anyone tells false history. \n\n\n\n I comprehend that many\, I don't think most\, black people in the usa view voting as a symbol of freedom. B lack people like yourself of Profd or Pioneer I think view voting as the w ill of the people. But\, the black people of harlem didn't vote to have th e nypd as the drug kingpins of harlem in the 1970s they didn't vote to hav e the nyc/nys/us government defund everything it could in harlem in the 19 70s?  Under rangel\, who represented all of harlem  all that happened? s o... Black people didn't vote for change. The black elected official commu nity in NYC had a coup over powell and others led by four black men and th ey succeeded in their coup. \n\n\n\n  \n\n\n\n \n On 10/26/2025 at 9:45 AM\, KENNETH said:\n \n\n \n \n But blacks must be persistent and thin k differently about the challenges we face. We might try and fail doing di fferent things. However failure is guaranteed if we do nothing at all. Now is the time a kind of black pragmatism that includes advocacy\, protest\, national\, state\, local government\, entrepreneurial\, human\, and commu nity development.\n \n \n\n\n\n I think blacks have been persisitent sinc e 1492 in this country. I don't think persistence is the issue in our dial og or failure to try new things. I think the issue is scale. You like othe rs seem to want a grandiose scale that I don't think is even remotely warr anted. \n\n\n\n  \n\n\n\n @umbrarchist the truth is \, the USA military is the real value fo the usa economy\, it is that plain and simple. The n umbers all prove me right. \n\n\n\n From 1980 to 2025 what iindustry didn 't have a total collapse in the usa? can you name any? \n\n\n\n Real esta te industry had three collapses. \n\n\n\n Automotive industry had two col lapses. \n\n\n\n Military contractors\, arms makers\, had a collapse.\n\n \n\n Airplane firms had three collapses in a history of collapses going ba ck to pan am in the 1960s 1970s. \n\n\n\n Banks had three collapses the b iggest was a complete failure that even the banks couldn't algorithm their way out of. \n\n\n\n Dot com websites collapse\, before the bust steward made his fortune before the bust.\n\n\n\n The collapse of various pension funds from workers who had put money into those funds\, which became tota lly lost. \n\n\n\n The collapse of various womens soccer league teams. \ n\n\n\n The collapse of various hashtag currencies\, like bitcoin.\n\n\n\n The collapse of various financial trading environments at least three maj or ones: enron/madoff [madoff was a scapegoat] are two\n\n\n\n What is my point? \n\n\n\n Black people in the usa keep talking about finance like t he USA is some sort of successful place. The USA in my opinion\, in the bl ack history age of integration in the usa from 1980 to 2025 has been a com plete financial failure that has only been kept alive because of a militar istic quality no one else has\, and I can give examples in 1980 to 2025 fr om other white government to prove my point. \n\n\n\n  \n\n\n\n When the whites who run hong kong\, the eurasian billionaires\, mishandled the eco nomy of Hong Kong\, they couldn't just pump money back into it. \n\n\n\n What happened is simple. At one time\, Hong Kong had seventy percent of th e incominc traffic to mainland china\, today it has ten percent or less. T heir neighbor macau focused on gambling and is striving. Hong Kong's white leaders mismanaged hong kong\, but unlike the usa who has a military whic h allows welfare lifelines to be given to entire failed industries\, hong kong has to accept the consequences\, the negative sequences from poor fin ancial management.\n\n\n\n  \n\n\n\n When the whites who run Argentina\, the mestizo rich\, mishandled the economy of argentina and their entire ba nking system collapsed\, argentina couldn't just write their entire bankin g system a check and ward off other countries calling in for debt with the ir military power\, they had to accept the consequences\, the negative seq uences from poor financial management. \n\n\n\n  \n\n\n\n The USA's econ omy is completely mishandled\, but the power of the usa miitary is so grea t that it allows the usa the ability to have forty strong years of failed industries across the board have their financial meltdowns paid for by the federal government. Thus maintaining the community of fiscally rich in th e usa who in truth all went broke multiple times. \n\n\n\n  \n\n\n\n IN AMENDMENT\n\n\n\n THe Covid 19 scenario is again\, another financial colla pse. The USA military allows financial failure from its wealthiest\, the n on blacks\, to not be rewarded with closure or termination as in liquidati on as in a free financial market\, but with welfare life lines as in a... militaristic empire\, then how can the blacks treat finance as if it is re ally a numbers game? It isn't a numbers game but a militaristic powers gam e. Black people in the usa lack militaristic power the most.\n\n\n\n  \n\ n\n\n Referral URL for comment\n\n\n\n https://aalbc.com/tc/topic/11970-wh at-if-we-focused-on-local-development/#findComment-77213\n\n\n\n  \n\n\n\ n Prior Edition \n\n\n\n https://aalbc.com/tc/events/event/563-economic-c orner-24/\n\n\n\n  \n\n\n\n POST URL\n\n\n\n NONE\n\n\n\n PRIOR EDITION\n \n\n\n https://aalbc.com/tc/events/event/563-economic-corner-24-10232025/\ n\n\n\n NEXT EDITION\n\n\n\n https://aalbc.com/tc/events/event/583-economi c-corner-26/\n\n\n\n  \n\n DTSTART;VALUE=DATE:20251027 RRULE:FREQ=YEARLY;INTERVAL=1 END:VEVENT END:VCALENDAR