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richardmurray

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Posts posted by richardmurray

  2. RMNewsletter 4th Version March 16th

    in Black Literature

    Posted

    Coming Soon
    March
    17 Moon farthest away from Earth, apogee; St Paddy's day 
    St. Paddy's day tale- tell me what you think?
    [ https://aalbc.com/tc/events/event/217-saint-patricks-day-good-news-calendar/ ] 
    19 Neptune Sun conjunction
    20 - Vernal equinox at 5:01am E.S.T. or UTC-5 ; Venus mercury conjunction; Big bird's birthday
    Three Tales of Spring- tell me what you think?
    [ https://aalbc.com/tc/blogs/entry/261-good-news-blog-stories-through-a-year/?tab=comments#comment-878 ]
    [ https://aalbc.com/tc/blogs/entry/261-good-news-blog-stories-through-a-year/?tab=comments#comment-890 ]
    [ https://aalbc.com/tc/blogs/entry/261-good-news-blog-stories-through-a-year/?tab=comments#comment-891 ]
    22 Moon is closest to the south poll- runs low; Mercury is between the sun and earth- inferior; Stephanie Mills birthday 
    [ https://aalbc.com/tc/events/event/213-stephanie-mills-born-1957/ ] 

    Image

    now06.jpg
    citation [Photographer: TM Kanaris ; Title: the Blue Pot]
    https://flickr.com/photos/kanaristm/29353776801/

    MY LINKTREE
    https://aalbc.com/tc/clubs/page/2-rmworkposts/

    RM WORK CALENDAR 
    Cento series episode 95
    https://aalbc.com/tc/events/5-rmworkcalendar/week/2025-03-15/

    RM COMMUNITY CALENDAR 
    https://aalbc.com/tc/events/7-rmcommunitycalendar/week/2025-03-15/

     

  4. High Interest Rates And Predatory Lending Institutions. The Cause Of Poverty?

    in Culture, Race & Economy

    Posted

    @ProfD after reading the original post and then reading some of the comments, I know i always drag multilogs back into the realm of history but , the one thing not one person in her commented is the financial fact, that the black populace in the usa has never been on the same financial footing as whites. Everyone black  knows this. But, I don't think most black people seem to accept what that means financially, not historically, not communally or personally, but strictly financially. if 90% of wealth in the usa is inherited then 90% of white wealth in the usa is inherited from white murderers of first peoples in the modern usa + white enslavers of black peoples who started before the usa existed, in the european colonies. 

    But here is the parallel, 90% of black wealth in the usa is inherited from black laborers (farmers/entertainers/government officials/teachers)+ black business owners after circa 1865 when the war between the states ended. 

    The variance in the origin of black wealth in the usa in comparison to white wealth in usa is not only temporal but in tone. Violent(violent business ownership [taking land or enslaving other human beings]) based fiscal capitalism is always more robust than nonviolent(paid labor/non violent business ownership) based fiscal capitalism.

    And if you add the time difference the older violent based fiscal capitalism is more robust than the younger nonviolent based fiscal capitalism by exponential factors.

    I am not certain all black people in the usa accept this financial reality based on the comments or original post. 

     

     

  6. The 24 Hour Economic Black Out

    in Culture, Race & Economy

    Posted

    @ProfD :) yes

    question, has anyone divulged the percentage of annual revenue to the boycotted firms that actually comes from black people? 

    I don't want to sound simple or crude but if black people in the usa don't provide at least ten percent of any of those firms annual revenue , then I don't see how a lifelong boycott will do much damage 90% is not small enough to warrant change. 

  7. RMNewsletter 4th Version March 9th

    in Black Literature

    Posted

    Coming Soon
    March - Vernal equinox 20th at 5:01am E.S.T. or UTC-5
    14 Full Worm Moon- larvae appear from the reduction in the cold in the northern hemisphere; Moon Eclipse, the earth's shadow will be completely over the moon, meaning the earth is blocking the light of the sun, but the light of the sun reflects off the earth as well, and that light still interacts with the moon; Moon's center and earth's center are on the equatorial plane extended ; Moon crossing north to the south the path of the sun in the sky, the ecliptic; Mercury appear stationary in the sky

     

    now06.jpg

     

    MY LINKTREE
    https://aalbc.com/tc/clubs/page/2-rmworkposts/

     

    RM WORK CALENDAR 
    Cento series episode 94
    https://aalbc.com/tc/events/5-rmworkcalendar/week/2025-03-08/

     

    RM COMMUNITY CALENDAR 
    Electronic Numerical Integrator and Compiler ENIAC weather reports
    Michelangelo
    https://aalbc.com/tc/events/7-rmcommunitycalendar/week/2025-03-08/

     

  8. RMNewsletter 4th Version March 2nd

    in Black Literature

    Posted

     

    MY LINKTREE
    https://aalbc.com/tc/clubs/page/2-rmworkposts/

     

    RM WORK CALENDAR 
    Poem of the Aeolian Heart Harp 
    Around the first flail
    Cento series episode 93
    https://aalbc.com/tc/events/5-rmworkcalendar/week/2025-03-01/

     

    RM COMMUNITY CALENDAR 
    Economic Corner - post mortem money
    Economic Corner - Boundaries of Spending power side demands of inheritance
    Madamoiselle Hazel Scott
    Scott Simone Flack 
    Economic Corner - space mining
    Laura Elizabeth Howe Richards
    KWL Live Q&A: Music, Love and Storytelling with Xio Axelrod
    https://aalbc.com/tc/events/7-rmcommunitycalendar/week/2025-03-01/

    now06.jpg

  14. EconomicCorner020

    in Culture, Race & Economy

    Posted

    Economic Corner - Space Mineral Race

    MY THOUGHTS
    I must first say the parts below. 

    • FISCAL NOTES FROM THE ARTICLE OR FROM CITATIONS- quick notes to look at, all financial info is there
    • CITATION NOTES FOR ARTICLE ELEMENTS- for persons or organizations
    • BASE ARTICLE - the main article that inspired this edition
    • INVESTIGATED FINDINGS - other articles I found that are valuable to share

    Now... to my thoughts
    The history of mineral rushes throughout human history is clear, 99% who venture for mineral riches end in failure, so the money in the space mining industry is  and will be in the support system to mining. SpaceX and others who have affordable ways to reach outer space will profit on the profiteers. The biggest challenge legally will be on claims to asteroids and ownership of content back to earth. Currently no international framework exist and with the governments of USA/China/Russia all in rattle the saber mode, the legal environment for space mining will offer opportunities. The 1% who strike it rich will change whole industries on Earth for the mineral resources brought to earth will literally augment the quantity and sequentially value of mineral resources on Earth.
    Extreme attention need to be made on the management of satellites , routes into deep space. Depending on the legal scenario, money can be made by leasing out space in outer space, for use by space miners or others trying to get their project to work most efficiently.
    Black countries need to focus on food grown in space. As wealth from outside earth joins earth, it will lead to excess, and that will need higher demands of food from population growth.

    FISCAL NOTES FROM THE ARTICLE OR FROM CITATIONS

    • Cost of Brokkr-1 not mentioned publicly
    • Details to Brokkr-1 not mentioned publicly
    • Rideshare on SpaceX is 1.1 million dollars for 200 kilogram slots
    • Astroforge raised $55 million in funding [ https://www.astroforge.com/updates/firing-on-all-cylinders-announcing-40m-and-mission-3 ] fifteen million is from private or unlisted. Forty million is from : Nova Threshold {citation : https://www.gaebler.com/VC-Investors-FAE25306-F35B-4688-AB64-AF128C7CDA3A-Nova-Threshold } , SevenSevenSix{https://sevensevensix.com/}, initialized {https://initialized.com/}, Jed McCaleb {http://jedmccaleb.com/ ; https://en.wikipedia.org/wiki/Jed_McCaleb}, Y Combinator { https://www.ycombinator.com/ } , Uncorrelated Ventures { https://www.uncorrelated.com/ } , Soma Capitol { https://somacap.com/ } , 468 capitol { https://468cap.com/ } , Day one ventures { https://www.dayoneventures.com/ } , L2 Ventures { https://www.l2v.com/ } 
    • Matthew Gialich stated [goto "The CEO of Astroforge Matthew Gialich said" below] the business model of Astroforge relies on SpaceX customer prices.
    • Cost of Odin - not mentioned publicly
    • Cost of Using undisclosed dishes in  India, South Africa, Australia and the United States- not publicly stated
    • The financial goal is to get rare metals in the Platinum Group [goto "Platinum Group Metals : " below]
    • From Mitch Hunter-Scullion, paraphrase: 117,000 tons of platinum is about 680 years of global supply, 1,000 tons of platinum  is the next half century of mobile phones
    • From Joel C. Sercel industrial steps: 1) living off land in space - early energy from space [ https://aalbc.com/tc/topic/11498-economiccorner017/ ]  2) export products back to earth [ Platinum group metals] 3) affordable automated systems will be built for work outside earth 4) factories will turn asteroids into products sent back to earth 
    • intermittent steps - 1a) high speed internet service will mostly come from outer space with hundreds of thousands of satellites 1b) data processing will need to move into space[the biggest cost of data processing on earth is power, solar power in space will make it cheaper] 1c) energy  beamed from space to earth [ maybe earlier than the others] 1d) space products will be built from material in space 2a) space mining will take off with an off earth infrastructure [ rocket propellant from moons or asteroids; asteroid or moon rocks to build structures;] efficient methods will win 2b) real estate will be the most important industry [ first tourism, then people who want freedom ]
    • The U.S. Commercial Space Launch Competitiveness Act (H.R.2262) focuses on making guidelines, but focuses on private public sector, doesn't speak of penalties, doesn't speak of contingencies, doesn't speak of legal scenarios like ownership claim disputes, it brings no clarity on potential international conflicts, it speaks of designing plans for safety and management. So financially the lack of clarity legally will make future investments value unknown based on the unknown legal climate. The act sets up space as an international wild west in space.

    CITATION NOTES FOR ARTICLE ELEMENTS

    UNIFORM RESOURCE LOCATOR BASE ARTICLE
    https://www.nytimes.com/2025/02/23/science/astroforge-launch-asteroid-mining.html

    BASE ARTICLE
    Earth’s 1st Asteroid Mining Prospector Heads to the Launchpad
    The dream of mining metals in deep space crashed and burned in the 2010s. AstroForge’s Odin mission to survey a potentially metallic asteroid is packed and ready to lift off.

    By Jonathan O’Callaghan
    Jonathan O’Callaghan reported on AstroForge in 2023 when its asteroid mining mission’s destination was a secret.

    Image
    Three Astroforge workers in hairnets and blue gloves give a thumbs up to the camera as they pose next to a small spacecraft in a large white facility.
    From left, Astroforge personnel Ashton Meginnis, Wesley Tunelius, and Ben Fields with Odin during final assembly testing.Credit...Astroforge

    Feb. 23, 2025
    A private company is aiming to heave a microwave oven-size spacecraft toward an asteroid later this week, its goal to kick off a future where precious metals are mined around the solar system to create vast fortunes on Earth.

    “If this works out, this will probably be the biggest business ever conceived of,” said Matt Gialich, the founder and chief executive of AstroForge, the builder and operator of the robotic probe.

    That may sound familiar: A decade ago, news stories were aflutter about the wealth promised by asteroid mining companies. But things didn’t quite work out.

    “We blossomed three or four years too early for the big gold rush of investor enthusiasm for space projects,” said David Gump, the former chief executive of Deep Space Industries, one of the earlier batch of would-be asteroid miners. Eventually the money dried up; Deep Space Industries was sold off in 2019 and never reached an asteroid.

    AstroForge is betting on things being different this time around. The California company has already launched a demonstration spacecraft into Earth orbit and raised $55 million in funding. Now the company is set to actually travel toward a near-Earth asteroid in deep space.

    AstroForge’s second robotic spacecraft, called Odin, is bundled into a SpaceX Falcon 9 rocket that will also launch a privately built moon lander and a NASA-operated lunar orbiter as soon as Wednesday from Florida. About 45 minutes after the launch, Odin will separate and begin its solo journey into deep space, while the moon missions — the Athena lander from Intuitive Machines and NASA’s Lunar Trailblazer — take off on their own separate journeys.

    No commercial company has ever launched an operational mission beyond the moon, and AstroForge is the first company to receive a license from the Federal Communications Commission that allows it to transmit from deep space. AstroForge will communicate with the spacecraft using undisclosed dishes in India, South Africa, Australia and the United States.

    At first, AstroForge kept its target asteroid a secret, fearing competitors. But in January, the company announced the destination, an object called 2022 OB5. Mr. Gialich said he was more confident of AstroForge’s advantage.

    “We’re the only one that’s actually doing anything,” he said. “Who else is preparing to go to an asteroid?”

    Asteroid 2022 OB5 is small, no more than 330 feet across, about the size of a football field. AstroForge’s science team assessed the asteroid by using telescopes, including the Lowell Observatory and the Large Binocular Telescope in Arizona, to estimate its metallic content. They believe that 2022 OB5 is an M-type, a class of asteroids comprising 5 percent of known space rocks that may have a high amount of metal. The analysis of the asteroid has not yet been published.

    Image
    A view looking into two very large mirrors of a ground-based space telescope at dusk.
    The Large Binocular Telescope in Arizona, which helped Astroforge’s science team assess Asteroid 2022 OB5.Credit...Joe McNally/Getty Images

    Stephanie Jarmak, a planetary scientist at the Harvard-Smithsonian Center for Astrophysics, said the company’s analysis was plausible.

    “There are several different ways to determine whether it’s an M-type or not,” she said, including studying the asteroid’s brightness, or albedo. A higher brightness suggests the presence of more metal. She lauded the company for being more open about its target asteroid. “I thought that was really nice,” she said.

    M-type asteroids are thought to be rich in metals such as iron and nickel. These could be useful as a resource for construction in space, perhaps to build new spacecraft and machinery. However, some M-types may also be rich in more valuable platinum group metals, or P.G.M.s, used in devices such as smartphones. The windfall would be huge if these could be mined in abundance and brought to Earth.

    “A single one-kilometer-diameter asteroid, if it was platinum-bearing, would contain about 117,000 tons of platinum,” said Mitch Hunter-Scullion, the founder and chief executive of the Asteroid Mining Corporation in Britain. His company is taking a slower approach and plans to demonstrate technologies on the moon later this decade.

    “That’s about 680 years of global supply. You’re talking about centuries of platinum demand from a single asteroid,” Mr. Hunter-Scullion said. “Even if you get 1,000 tons of platinum, you’re sitting there with the next half century of mobile phones.”

    Not everyone is convinced that so much valuable metal will be found inside M-type asteroids.

    “There’s not enough P.G.M.s in asteroids to justify that as a stand-alone business,” said Joel C. Sercel, the founder and chief executive of TransAstra, a company that is developing a giant bag that could be used to grab and extract resources from asteroids in the future. The company will test a small mock-up of the technology aboard the International Space Station following a launch to the station this summer.

    The legalities of mining asteroids and selling their resources remain uncertain.

    In 2015, President Obama signed a law allowing asteroid resources to be sold on Earth. But no one has yet put this law to the test.

    “Is AstroForge going to make a claim? Does the fact they reach this asteroid before anybody else mean nobody else can go to it?” asked Michelle Hanlon, a law professor specializing in space at the University of Mississippi. “It’s going to be interesting to see the international reaction.”

    Image
    Looking up at the payload of a SpaceX rocket just before encapsulation.
    Odin, lower right, will be hitching a ride with the Athena lander from Intuitive Machines aboard a SpaceX Falcon 9 rocket.Credit...SpaceX

    Odin will arrive in late 2025 after a journey of about 300 days to 2022 OB5. The asteroid follows an orbit around the sun similar to Earth’s. The probe will fly past the asteroid at a distance of 0.6 miles, using two black-and-white cameras to snap pictures. Zooming by the object at thousands of miles per hour, the spacecraft will have an encounter that will last five and a half hours.

    “And it’s probably only the last 10 minutes that we’re getting pictures bigger than a pixel,” Mr. Gialich said.

    The goal is for these pictures to be enough to tell if the asteroid is metallic.

    “Hopefully it looks shiny,” Mr. Gialich said. However, it’s very possible that any metal could be mixed into the asteroid’s soil and not be visible.

    “I’m not sure how much compositional information they can get purely from images,” Dr. Jarmak, the planetary scientist, said.

    Craters on the surface may hint at hidden metal though, Mr. Gialich said, adding: “We expect to see cracking on the surface” that could be indicative of metallic content.

    The spacecraft will also precisely track the asteroid’s position in space during the flyby. Doing so could allow the density of the asteroid to be calculated, based on its gravitational tug on the spacecraft. Higher density would hint at more metallic content.

    Success is not guaranteed. AstroForge’s first mission, Brokkr-1, was launched into low-Earth orbit in April 2023 to test the company’s planned asteroid refining technology. But the mission encountered problems and burned up in the atmosphere. Mr. Gialich said that AstroForge had improved its technologies on the Odin spacecraft by relying on components produced in-house.

    Vestri, the third mission of AstroForge, will be its most ambitious. That spacecraft, the size of a refrigerator, will be designed to land on an asteroid as soon as next year, possibly even 2022 OB5 if the metallic content is confirmed. Vestri’s landing legs would be equipped with magnets designed to stick to the surface of the asteroid and be capable of estimating how many P.G.M.s are present.

    Image
    The Odin spacecraft rests on a small platform in light from the sun at the edge of a large facility.
    Testing Odin’s solar arrays with natural sunlight from the loading bays at AstroForge’s facility in SealBeach, Calif.Credit...Astroforge

    It’s unclear how successful this mission will be. “If it’s made out of solid metal it will stick,” said Benjamin Weiss, a planetary scientist at the Massachusetts Institute of Technology. However, many asteroids are known to be rubble piles, essentially collections of rocks held together loosely by gravity, such as the asteroid Bennu that was visited by NASA’s ORISIS-REx spacecraft.

    “They are barely held together,” Dr. Weiss said, meaning that the magnets might just end up pulling a few rocks away from the surface as the lander drifts away.

    Only one spacecraft, the Rosetta spacecraft from the European Space Agency, has visited a suspected M-type asteroid before, a flyby of the asteroid 21 Lutetia in 2010. The presence of metal at that time was inconclusive. A much more capable mission, NASA’s $1.2 billion Psyche spacecraft, is currently on its way to an asteroid bearing the same name by 2029. Astronomers think the asteroid may be a fragment of a failed planet’s core and is rich in metal.

    Results from the Odin mission’s analysis of 2022 OB5 could be a tantalizing tease for Psyche. “If it turns out it’s made of solid metal, that would support the idea that some of these larger bodies like Psyche could be the cores of differentiated bodies,” Dr. Weiss said.

    Lindy Elkins-Tanton at Arizona State University, the principal investigator on Psyche and also an adviser to AstroForge, said that the opportunities afforded by commercial deep space missions like Odin are exciting, enabling small and fast missions at low cost. “It’s going to be a bit of a game-changer,” she said.

    Others are more focused on what Odin means for asteroid mining in the present tense.

    “It’s probably the highest achievement in the sector so far,” Mr. Hunter-Scullion of Asteroid Mining Corporation said. Mr. Sercel of TransAstra also applauded the company.

    “We’re gung-ho for AstroForge and wish them the best of luck,” he said. “We’re behind them 100 percent.”

    Now there’s just the small matter of the launch and journey to the asteroid, and the hope that what Odin finds will lead to the riches long touted from asteroid mining.

    “If we make it, I’m popping champagne,” Mr. Gialich said.

    INVESTIGATED FINDINGS

    Brokkr-1 mission
    Uniform Resource Locator
    https://youtu.be/K83Jp3V_hac?t=340
    Video


    Brokkr-1 mission
    5:44
    up what are the chances it finds an asteroid and then I guess subsequently what's the chances that it comes back so
    5:51
    broker one went up to show that we could mine an asteroid in space it is just in low earth orbit it is not going outside
    5:56
    of Earth's gravity well it is orbiting the Earth right now and we'll start experimentation with it shortly to show
    6:01
    that we can refine what we expect to be one of these asteroids right this ball of iron with very high concentrations of
    6:07
    pgms on it okay so there's some low earth orbit asteroid um we brought up our own asteroid oh I
    6:15
    got it right that this can work in space yep nobody has been able to really
    6:21
    refine in space right and that's a big process of what we need to do so we want to prove that in a very cheap easy to
    6:27
    use 6u cubesat which to be fair SpaceX still has the transporter missions that's what we went on and those are a
    6:32
    fraction of the costs that we could have even got to space 10 years ago so uh what is that called ballpark to send
    6:37
    something up these days um obviously we're under ndas with a lot of these companies we can't talk about well you can go look on spacex's website
    6:43
    right a Rideshare slot is about 1.1 million dollars to send I I believe those are 200 kilogram slots got it okay
    6:49
    so there's standard ticket prices a million bucks it's very affordable we're not talking about tens or hundreds of
    6:55
    millions of dollars but the key to your Innovation is you're going to do the
    7:01
    mining in space so does that mean this I mean uh I'm sorry to be a near right here but does that mean there's like a
    7:07
    drill bit on this thing and it's going to drill in take a sample and then process it and say hey this is dust oh
    7:13
    this is Platinum let the dust flake off and just only
    7:18
    bring Platinum back so the way we do it is we go out to the asteroid we dock with the asteroid use the right word there right these are
    7:24
    very small bodies they're about 30 meters in diameter uh so we're talking very very small rocks that we're docking
    7:29
    with we use a process of directly heating the surface till it vaporizes so there is no actual mechanical Parts here
    7:36
    this is all done with with a laser we vaporize the surface we collect that vapor and then we sort it and and this
    7:42
    is essentially the experiment we're testing out in low earth orbit we've proven it to work in our thermal vacuum Chambers on Earth uh that allows us to
    7:49
    sort out Platinum from stuff we don't care about right iron Cobalt other trace minerals in these asteroids and then we
    7:55
    bring back only the Platinum Group Metals now the reason for that is bringing back is still expensive and
    8:01
    weight in space means a lot we only want to bring back the stuff that's worth a lot of money we are kind of limited on
    8:06
    what we can bring back so that's how we do it so the lasers pick out the good stuff
    8:12
    you sorted out then how does it get back because every time I see something come back it burns up these asteroids burn up
    8:19
    before they hit so how is your vehicle designed so that it can bring back the
    8:26
    payload and how many ounces is it going to bring back yeah so I mean our vehicle has a heat
    8:31
    shield on it and the nice thing about our heat shield is we're not bringing back humans we're not bringing back really experiments we're bringing back
    8:37
    raw Commodities right this is a block of metal which means we come in a lot hot and heavier than really any other
    8:42
    spacecraft there's a lot of uh presidents for doing this before NASA has done deep space return multiple times so we really understand the
    8:48
    physics behind deep space return it all comes down to sizing the heat shields correctly got it on average with our
    8:54
    projections right now and our trajectories we can bring back right around a thousand kilograms of Platinum Group Metals per Mission so that's what
    9:01
    Raymond will bring back uh what is a thousand kilograms um it's about a ton it's a metric ton
    9:07
    wow pgm's permission you can be able to bring a ton back okay so how big is your vehicle is it like the size of the
    9:12
    vehicle a car it's not that big the vehicles that we will mine with are about 200 kilograms
    9:18
    what's the size of them she said the the the the asteroids were about 100 feet wide or something so the vehicle itself
    9:24
    is ten feet the size of a mini fridge it is not a big vehicle when you look at it
    9:30
    yeah well Platinum is very very dense right so kind of weight is very very high so we store this metal right behind the heat shield it's volumetrically
    9:36
    actually not that much material that we bring back if you can tell from the
    9:41
    podcast lately we've been doubling and tripling down on Founder University launch in fact it's basically the future
    9:48
    of our Venture Capital firm and that's awesome because I'm working with a couple of hundred early stage Founders
    9:53
    really early and getting to see what tools they use you know what tool they show up with most they show up with
    9:59
    Squarespace they put up their first website instantly quickly with Squarespace and it's beautiful and it
    10:04
    makes them look like a million bucks the thing you may not be aware of is that Squarespace beyond the beautiful templates that make your company look
    10:11
    like a million bucks and that work on mobile it's not just a pretty website it
    10:16
    is a powerful e-commerce platform now and they have member areas what's a member area you know people like to sell
    10:22
    content now and premium content it's a big business well they have that built in to Squarespace and they don't take
    10:29
    you know double digit percentages of your Revenue like those other platforms do and they also have appointment
    10:34
    scheduling so you know if you're doing a business where you're a consultant you want to charge for your time well you
    IN AMENDMENT
    The CEO of Astroforge Matthew Gialich said [ https://youtu.be/K83Jp3V_hac?si=3bxF2s0s9e2HxiNQ ] 
    24:43
    hope to do at the end of this year and none of this would have been possible if SpaceX hadn't figured out how to do what they do absolutely not let's be honest
    24:50
    about this Elon led the way here he showed that you know if he got the money for building Falcon 1 through Falcon 9 and dragon that there was a huge kind of
    24:56
    pot of gold at the end of that rainbow and this really allowed VC to open up to say uh holy sh these companies can
    25:03
    actually exist and they're possible and I mean again 20 years ago I think we would have been laughed out of every room because it just wasn't feasible to
    25:10
    do in fact you saw this right planetary resources and Deep Space Industries the two asteroid mining companies that came
    25:15
    before us they're cost models were just so much higher than ours are now to go try to do the same thing I mean I those
    25:22
    both of those Founders have been awesome and been very helpful to us and I think their timing was just off I think the timing is now for this to happen due to

    Building Civilization in Space | Joel C. Sercel
    URL
    https://www.youtube.com/watch?v=rBZ3GaNeUbo
    VIDEO


    TRANSCRIPT
    0:00
    some people think that we can go into
    0:01
    space by just launching everything from
    0:03
    the earth and going out and living on
    0:05
    what we brought that's patently absurd
    0:08
    that would be like what if the original
    0:11
    settlers that came to North America
    0:13
    brought all of their food and all of
    0:17
    their housing with them on ships it
    0:19
    wouldn't be able to last you have to be
    0:21
    able to grow your own food and live off
    0:23
    the land of where you're going so space
    0:25
    mining to a first approximation is just
    0:27
    learning how to live off the land in
    0:29
    space as we settle space and then as we
    0:32
    do that we will be
    0:34
    exporting products back to the Earth the
    0:37
    first products that we'll be exporting
    0:39
    back to the Earth are is the information
    0:42
    and energy that comes from satellites
    0:43
    that are built in space out of space
    0:45
    resources but later we'll be bringing
    0:47
    back precious metals like Platinum Group
    0:49
    Metals which are you know often more
    0:51
    valuable than gold and then
    0:53
    eventually as manufacturing becomes
    0:55
    fully automated with robots we'll
    0:58
    essentially have giant robotic factories
    1:01
    that consume asteroids turn them into
    1:03
    manufactured goods and Export that all
    1:06
    the way to the Earth internet in space
    1:08
    is starting to vastly outperform
    1:10
    internet here on the earth that's step
    1:12
    one and over the next five years or so
    1:15
    we'll see that a massive proliferation
    1:17
    of that where the number of people
    1:19
    getting their high-speed internet from
    1:20
    space will grow
    1:23
    exponentially as we have tens of
    1:25
    thousands and then maybe a hundred
    1:27
    thousand or hundreds of thousands of
    1:28
    satellites in Earth orbit
    1:30
    all connecting and as the Global
    1:32
    Communication Network just goes into
    1:34
    space because there are fundamental
    1:35
    reasons why it's better to put Comm in
    1:37
    space than on the ground data processing
    1:40
    will need to move into space right now
    1:42
    today on the earth the biggest cost of
    1:44
    data processing is power but very
    1:47
    quickly it's actually becoming cheaper
    1:49
    to generate power in space than on the
    1:50
    ground because in up in space you don't
    1:52
    have to deal with weather and climate
    1:55
    day night cycles all that sort of thing
    1:57
    shortly
    1:58
    thereafter it'll be actually coste
    2:00
    effective to generate power in space and
    2:02
    beam the power down to the Earth about
    2:05
    the time that happens it will be more
    2:06
    cost effective to build the satellites
    2:09
    and infrastructure in space out of
    2:11
    material harvested in space rather than
    2:13
    launched up from the earth that's when
    2:16
    space mining really starts to take off
    2:18
    in a huge way we'll use rocket
    2:20
    propellant harvested from the Moon and
    2:22
    the asteroids to get around CIS lunar
    2:24
    space we'll use elements that are
    2:27
    readily abundant in asteroids that are
    2:29
    not abundant on the moon to build some
    2:31
    aspects of the structures other things
    2:33
    will be made out of lunar materials so
    2:35
    there'll be a complex space economy
    2:38
    where all this is optimized by the
    2:40
    Invisible Hand of Adam Smith a factor
    2:43
    that cannot be ignored is the importance
    2:45
    of real estate real estate will be the
    2:47
    ultimate killer app in space that is
    2:49
    sometimes people just want to have a
    2:52
    place to live where nobody else is
    2:54
    spying on them or intruding on their
    2:57
    activities real estate was the big play
    2:59
    that led led to the settlement of North
    3:01
    America the pilgrims were here for
    3:03
    freedom and to be able to live the the
    3:05
    way they wanted to initially the real
    3:08
    estate play will be tourism space hotels
    3:10
    and then as it becomes more and more
    3:12
    cost- effective people start to bring
    3:14
    their families and live permanently in
    3:15
    space space mining especially things
    3:18
    like going after Platinum Group metals
    3:19
    from asteroids makes no sense based on
    3:23
    the economics of 2010 or 2015 it was
    3:27
    just too expensive to get into space too
    3:29
    expensive to make spacecraft too
    3:30
    expensive to get around its space but
    3:32
    the big change that's happening now is
    3:35
    affordability and with affordability it
    3:37
    makes sense there's a
    3:40
    huge reduction in the cost of getting
    3:42
    into space and building space Hardware
    3:44
    that's coming on the space Hardware side
    3:47
    we're going from the military industrial
    3:49
    complex building Exquisite space
    3:51
    Hardware that cost upwards of a
    3:53
    millionar a kilogram to build so that
    3:55
    means that a spacecraft that weighs on
    3:58
    the order of th000 kilog or so could
    4:01
    cost on the order of a billion dollars
    4:04
    to spacecraft on that order costing as
    4:09
    much as a high-end sports
    4:11
    car so as costs come down the number of
    4:15
    business models that can make sense in
    4:17
    space and the activities in space that
    4:20
    can close the business pro
    4:24
    proposition
    4:26
    exponentiate three years ago I was
    4:29
    invited as a consultant to advise some
    4:31
    investors on rockets and I said hey
    4:35
    within a few years we'll be launching
    4:37
    Falcon 9es 100 times a year they laughed
    4:40
    they actually
    4:42
    laughed SpaceX is launching more than
    4:44
    100 Falcon 9es this year and Starship is
    4:48
    a huge leap Beyond Falcon 9 and the cost
    4:51
    for launch into space with Starship is
    4:54
    going to collapse even more and then
    4:57
    Jeff Bezos and blue origin are planning
    5:00
    to launch new Glen for the first time
    5:02
    within a matter of weeks we have two
    5:05
    heavy launch Vehicles both massively re
    5:10
    reusable as we get the race to the
    5:12
    bottom end price all kinds of new
    5:13
    business models emerge so the big
    5:16
    revolution that leads to massive changes
    5:19
    in space industrialization is low single
    5:23
    digits of years


    Prior Edition : https://aalbc.com/tc/topic/11503-economiccorner019/
     

  15. EconomicCorner019

    in Culture, Race & Economy

    Posted

    @ProfD

    5 minutes ago, ProfD said:

    Seems the Black Jamaicans could have kicked out the white minority.

     

    This could have spread throughout the Caribbean.  Garvey could have painted the islands all Black. 

    Garvey didn't see that as a wiser goal than the pan black. And in hindsight he was 100 % correct. the percentage of black people in jamaica who would oppose pan black is quite high. The percent that oppose pan black now is high. Jamaica is the country where bob marley's image is all over the airport but in jamaica black people, particularly of a certain financial standing,  stymie or hinder members of the rastafarian community. 

    14 minutes ago, ProfD said:

    Until Black folks are willing to unalive white folks and own their countries and land, we will never truly be *free*  from white supremacy anywhere on the planet.

    well said

  17. EconomicCorner019

    in Culture, Race & Economy

    Posted

    @ProfD

    15 hours ago, ProfD said:

    I find it interesting that Garvey didn't use his movement to liberate and build up his home country of Jamaica. 

    The shortest answer to your question is: Garvey didn't see Jamaica as his home country as you describe it + his philosophy was born out of his experiences in jamaica, which is why he left, and why he advocated black people go to countries absent whites. 

     

    A long answer, not the longest, is the following...

    remember, only two islands in the caribbean ever repelled a foreign invasion from the beginning of the white european global impeiral era started circa late fourteen hundreds to modernity. One was Haiti the other was Cuba. Haiti's Black populace had a unique scenario. THis is the only country in the american continent [ canada to argentina] where  enslaved black people literally freed themselves from white slavers completely. but the factors matter: haiti was 85% black. Brazil, who has the most blacks in the american continent, has never been even 50% black. USA has never been 50% black. Haiti as an island and not a large land mass is easy to protect on flanks. Quilombos in brasil or the gullah in the gullah islands had to nestle away with natural boundaries. Haiti is unique, and the passion of having a country of formerly enslaved people who are free by the blade, not the pen [golden law in brasil or 13th amendment in the usa] meant they were up for fighting the french/usa/english/spanish  who all came with navies , which at that time didn't have the resources or communication qualities from the 1900s to take haiti back and all failed. Cuba because of the USSR wasn't invaded straightly by the usa but by cuban traitors who came as mercenaries. That allowed the Cuban military to defeat them. 

    Militaristic reality is what it is. This is why China is the only non white european country truly free today. Japan/India/Nigeria/South Africa. Hell Brazil/Germany are white european countries and they are not free. 

    Jamaica has never been in a situation like Haiti or Cuba plus Jamaica is too small. I remember someone said, that the number of people killed by the CIA/FBI in the 1900s exceeds most wars. I can't confirm anything the three letter people do but if it is true, that explains alot. Financial activity or communal advocacy can't beat a bullet.  

     

    Past militarism, after the usa + Haiti most Caribbean islands became functionally  south africas under apartheid. Majority Black in populace, minority white populace own all, but blacks are second class not enslaved. Britain had ended slavery in its domain after the usa ceded from it and that turned the british indian subcontinent [modern day pakistan/india/bangledesh]/jamaica/west africa[modern day nigeria/ghana/british cameroon et cetera] into mirrors of ireland which britian had dominated for thousand years and again, the Irish Republican Army was only a few hundred people but they blew up alot. 

     

    So in Jamaica, as Garvey said himself, he learned a few simple truths. I paraphrase. Countries with integrated populations have limits to black empowerment. Blacks don't have to be enslaved in white countries and can live happy lives, but limits exist and at the end of the day, the goal is betterment for all black people, and sooner or later white betterment will demand black betterment take a loss. This is the problem in Jamaica/USA/BRasil/SOuth Africa, the white populaces at some point limit the black. 

     

    So to answer your quest, Garvey's own personal experiences had taught him that the goal of black betterment can't be to live around whites. I rephrase, Black people can improve anywhere but the goal should be pan black improvement and if that is the goal, then being around non blacks has limits, will lead to war, will demand black people live around their own in a place they can control. And that isn't in a little island in the caribbean, that isn't in the USA or Brasil which are white countries with non white minorities in them. That is in black countries of a significant ability and yes militaristic ability or potential. 

     

    And, this is why again, i think more than WEB Dubois many DOS leaders , I argue most, in the eighteen hundreds had philosophical problems with garvey and the garveyites. Said leaders loved the communalism, the positive energy for action, but they disliked the segregation or the foresightfulness of Garveyism, which didn't believe in integration as a wise thing or a thing that can exist side black betterment. Comprehend, enslavement in the usa is a form of integration, jim crow is a form of integration, white owned media in the usa falsely or its black adherents falsely label things segregation when they are not. Segregation has actually never occurred in the usa. 

    Remember haitian law under desalines literally said whites can own nothing. It didn't say white people are enslaved to black. It denounced the presence of whites to own anything, it is an evacuation law. 

     

    18 hours ago, ProfD said:

    Wyoming, the Dakotas, Montana, Vermont, New Hampshire, etc., have less than one percent Black populations.

     

    During election night, those red states are indicative of white America.

    well said and amen:)

    18 hours ago, ProfD said:

    The purchasing power of Black Americans suggest that many individuals are doing very well for themselves.

    yes, they are, again I can prove this with personal experience. I am 100% certain most , an overwhelming majority ,black financial success in the usa is black individuals in a multiracial, specifically multiphenotypical, integrated communal context[in nyc that is all the black singers/dancers/athletes making millions, executives in white firms making six digits or more]. A minority of black financial success in the usa is black individuals or groups in a black communal context [an example is some black eateries in harlem, all of whom get non black customers to be even] So let's be honest and embrace this reality . 

  18. EconomicCorner015

    in Culture, Race & Economy

    Posted

    @AmmaK 

    my pleasure. Most black people in the usa including me are in your position. For black people to locally have better options or opportunities financially you need local government to be black, which it is not. 

    Just support black when you can. If better quality is white, pay for white. If white is only available, pay for white. If black is as good or better and accessible + affordable, give it a go:)

    Thank you for reading. 

  19. EconomicCorner019

    in Culture, Race & Economy

    Posted

    @ProfD

    1 hour ago, ProfD said:

    What are considered the successful results of the movement?

    the percent of black business ownership in the black populace. I argue the greatest percent of black ownership existed in the garveyism era than anytime before or after. Yes more black businesses are owned today but the populace has grown alot. But the percentage of black people owning business i argue is less today than at garveyism's height.  Sadly, I don't have any decent proof. I can actually atest from my lineage this claim in new york city. But that isn't enough to be a proof.  And:)  I am too private to go into detail. You can see garveyites throughout the black populace in the usa embracing all black people starting business. 

    And if I am being honest, the key is the leader. One of the things people underrate about Garvey is how he came from a secular nor privileged black scenario. I am not knocking any black leader I am about to mention cause they all did good for the village. But , Garvey wasn't: mixed like Frederick Douglass who loved integration[from slavery to marriages to integrating schools like yale to black communities in white cities] and despised segregation[ala the exodusters]/ tied to a religion like Booker t Washington's to be HBCU community or MLK jr or Nation of Islam Malcolm[so the religion of a black person didn't matter]/ Yella like WEB Dubois or Adam Clayton Powell jr or Langton hughes and had a personal history of positive relations with whites/ an anglophile [he came from jamaica but he knew of black haitians black people from the dutch islands traveling about, black people didn't need to speak english for him to accept them]/infatuated with himself[he did try to meet with web dubois whereas many black leaders don't reach out to other black leaders in another particular tribe] I think his pan black attitude made other black people no matter their: religion, language, shade of brown, even specific desires [ala garveyites were in the midwest trying to exodust while they were also in nyc starting businesses] feel welcomed and thus easier to work together. Black help black is what Garvey preached and represented and that flowed into the garveyites.

    When you need to be christian [ the southern black leadership conference or abyssinian baptist church]

    When you need to be muslim [ the nation of islam]

    when you need to be jewish [ the black jewish populace, especially in new york city, not beta israelites, black jews. I knew of one , her spirit flew, but her community is very closed]

    when you need to be militant [black panthers <i will never forget angela davis saying, about how one time the reaction to telling a joke was so negative> or the student activitist ala Kwame Toure]

    when you need to have or aspire european culture [the naacp + black colleges]

    when you need to be ethiopian [how the modern ethiopian immigrant community looks negatively to rastafarians]

    when you need to be nigerian [ how the modern nigerian immigrant community looks negatively to DOSers for <not having a culture>]

    and on and on, 

    Garvey was one of the few instances of Pan Black being an element of a movement, thus the communal width to grow everywhere black people are. 

    And that is why I can believe it with only my bloodline history + anecdotes from blacks. 

    And sadly, most importantly, the modern environment's tribalism makes in the usa, not outside the usa where I think garveyism /pan black can exist greatly/positively, any similar movement to garvey very doubtful in the future in the usa. 

    I forgot to mention when you need education . The educated black leaders in the 1960s , mostly male [yeah....], wouldn't let Fannie Lou Hamer talk in the gathering in harlem. It was malcolm, son of a garveyite, who didn't go to an ivy or uppity black school while spoke better than any of those jokers, who spoke up for Fannie Lou Hamer. 

    Consider that many of these baptist preachers and other's didn't want fannie lou hamer to talk even though she comprehended more about black suffering personally than any of them. 

    Let's be blunt, how can the nation of islam lead the black populace as a whole when the nation of islam banned Malcolm for the crime of not wanting black women to be placed into harem's for ministers of the nation of islam. 

    How can the southern black leadership conference lead the black populace as a whole when MLK is the only preacher not taking a car for services from parties unknown, I paraphrase kwame toure. 

    So... Percent of businesses but you need a movement that is about pan black in the first place. not knock other black. 

    this is why I always say in this forum, to any, what are you doing with your blacks. Stop telling other black people what to do, and with the black people who are like minded do. 

     

    IN AMENDMENT

    Garveyism did have one big tribal element. It wasn't integrationist. And I think so many other movements at their heart are integrationist. Not panthers/nation of islam. But NAACP/HBCU/Black elephants/ Black donkeys and to this day those I call the black one percent, the black financial elite, are highly integrationist. so...their is the balance of nature. 

    2 hours ago, ProfD said:

    What was the success that a white majority received from Garveyism?

    I didn't say the white majority received a success I said "Garveyism success is based on the fact that is gives the majority of whites what they truly want. "

    The majority of whites, who are fiscally poor, have always wanted 1) to use blacks for financial benefit 2) to not have black presence around them. The second the war between the states ended that led to modernity in the sense that , most white abuse to blacks for financial benefit comes from the white financial elites, not common white folks, and the money the white elite make isn't shared which is why the SCrumpf movement exist. The exodus or segregationist or isolationist nature of garveyism aligns with the second desire of a majority of whites which after the war between the states was quite vocal among poor whites. But, rich whites, the republican party elders needed to use blacks for their agenda or profit. 

    2 hours ago, ProfD said:

    It takes more energy to turn negative into positive. From your diatribes you're already convinced that everything FBA/ADOS have done has never worked.  Stay up mayne.😎

    Not true, I have admitted in this very forum that black integrationist leaders like frederick douglass got what he and others like him wanted. An environment in the usa where black individuals can achieve anything they wanted. Please read [  https://aalbc.com/tc/blogs/entry/357-frederick-douglass-our-composite-nation/  ]  But my point is that the black populace needed a communalism in the past, not that. and the price of that path is the modern situation. Now looking forward positively, in the USA I say embrace that individualism, not oppose it. Outside the USA [black countries in the caribbean/africa/asia, some black communities in non black countries outside the usa], I think communalism in various forms, including ideally pan black is very applicabe/possible/functional. But in the usa, which is a unique country in humanity, black individualism is the way. I am up :) Professor.  

     

  20. Hazel Scott/Nina Simone/Roberta Flack

    in Culture, Race & Economy

    Posted

    @ProfD

    my pleasure. Love to share Black Music. Black Music in most places is the Black History Book. The hopes/dreams/success/failures/fears/ anything else:)  of black people tend to be in our music especially to modernity. I will never forget when white media asked her about the Fugees success and how she felt. She was happy that they made so much money. Peabo Bryson flat out said no Peabo Bryson or Luther Vandross would exist without Roberta Flack. She was a nice sister... well anyway:) my pleasure

    @Delano thank you for your thoughts

     

    • Like 1

  21. Hazel Scott/Nina Simone/Roberta Flack

    in Culture, Race & Economy

    Posted

    I just want to say, out of pure coincidence: one's birth, a documentary, one's death all three black female pianist find themselves near in my thoughts and I wonder... all three were black musicians but all three were also highly skilled, I argue all three were stymied in a terrible way. It occurs to me that they could had performed a trilogy, they were literally alive long enough to have played together... 

     

    HAzel Scott
    https://aalbc.com/tc/events/event/203-the-disappearance-of-miss-scott-02232025/

    Nina Simone
    https://aalbc.com/tc/events/event/198-nina-simone-born-1933/
    Roberta Flack
    https://aalbc.com/tc/events/event/204-roberta-flack-born-1937/

     

    Dorothy Donegan The 4th sister, now they are musketeers

    The Best of Dorothy Donegan (Full Album)

    DOROTHY DONEGAN – ONE NIGHT WITH THE VIRTUOSO (2012)(FULL ALBUM)

    Dorothy Donegan "Rhapsody In Blue & The Man I Love" on The Ed Sullivan Show

    Dorothy Donegan piano - film from 1945

     

     

    Join the calendar 

     

  22. EconomicCorner019

    in Culture, Race & Economy

    Posted

    @ProfD

    34 minutes ago, ProfD said:

    The Pan Black thing hasn't worked out for a number of reasons.  Most of it stems from how Black people from outside the US perceive AfroAmericans (FBA/ADOS).

    Pan Black only true movement in the usa was garveyism. The black church, the black panthers, the naacp , the hbcu with booker t washington, frederick douglass, none of the other movements in the black populace in the usa was pan black. And garveyism failed by the machinations of tribes within the DOS tribe in the black populace like WEB Dubois who as a pro american as some others today ,as resistant to other ideas outside his own as many black dosers today or yesterday like douglass or booker t, simply didn't like pan black cause it was against his talented tenth, favored tribe in the black populace idea. 

     

    42 minutes ago, ProfD said:

    FBA/ADOS needs to be honest with itself that other Black folks who don't share our history or understand it will be harder to align with strategically. 

     

    It's OK for FBA/ADOS to close ranks and build its own house before trying to develop a Pan Black coalition.  We don't need it considering our aforementioned purchasing power.

    I concur honesty is needed, Black DOSers in the USA need to be honest that it has tribes within itself. The black populace in the usa has tribes, but some of those tribes have tribes. the DOS tribe is a set of smaller tribes. You already know Booker T washington/WEb Dubois both DOSers were opposed to each other, you know this. The multivides in the DOS tribe in the black populace have grown since those times.The DOS tribe is composed of tribes. This forum proves a Pan DOS coalition is not going to happen. Individualism is the path forward for blacks in the usa, not the world, not outside the usa, but in the usa. 

    And the reason garveyism is still the most successful movement in the black populace in the usa is results. Garveyites produced results. the black church results? failures, the naacp? failures. black colleges? failures. the panthers? failures. the black communities in white cities:harlem/greenwood/et cetera ? failures. and all failures by white power. Garveyism success is based on the fact that is gives the majority of whites what they truly want. Not rich whites, but the majority of whites. and human beings correctly do not get inspired by failures. But all those said black groupd were unwilling to use new ideas that no one has tried in the black history in the usa or other ideas that actually succeeded in garveyism.

    Success brings the crowd, not speeches, not philosophies,

    Results that are winning. 

    IN AMENDMENT

    When i read you talk about purchasing power I think of black people in new york city who show the zeal you have for nonviolent communal purchasing power with voting, and its funny, like you they tend to talk about never quitting and doing the same thing over and over again, and its funny to me. I always tell them, results is all you need to get people to vote. Do for them and the people vote for you. Do nothing for them and they will not vote. Same to purchasing power, black people have tried that many times, all failed, and similar results. 

    PRofd ... can you provide one example where black people tried purchasing power and it actually led to a positive result? It doesn't have to be the entire black populace in the usa, it can be in a state or county or city? 

    Please Profd, educate me, one example where black purchasing power led to a positive result? 

    Cause in all my historical research they all failed so... I don't see how anyone can be convinced of something working when it was tried before many times and never worked.

     

  23. EconomicCorner019

    in Culture, Race & Economy

    Posted

    @ProfD

    2 minutes ago, ProfD said:

    It is ingrained in our history. 

    It is ingrained in black history in the usa + the european colonies that preceded. Not Black history throughout humanity. Each country in humanity has a unique black history that is not similar to each other and should not be suggested as such. Financially this matters cause the financial environment in each country is not the same for the black people in it. the USA has the worst black financial history of any country in humanity. Ninety nine percent of black collective action fails in the usa by white power.  The success is black individuals.

     

    3 minutes ago, ProfD said:

    Failure is no a reason to give up.

    I concur 100%  and in my assessment of black history in the usa , black people have never given up, moreover in my view, black people have been enslaved everywhere on earth in the last two hundred and fifty years and given up no where on earth for their betterment. but the flaw for many black people everywhere and especially in the united states of america , isn't the destination, it is the methodology. The collective nonviolent financing methodology has been successfully tried by blacks in the usa over hundreds of times and 99% of the time failed. Yes, BET was created, Motown was created through collective black financing. But 99% of black attempts to what you champion fail, and that is lost money. That is financial failure. And only a financial fool repeats a business venture that fails 99% of the time after hundreds of attempts. And my suggestion in the USA, not everywhere, on earth is black individualism, which is the modern black culture, is the answer. 

    16 minutes ago, ProfD said:

    I mentioned the website merely as an example of a seed of an investment idea that could attract a whole lot of Black folks.

    Right and it is actually a functional idea, I don't quite comprehend what your suggesting here, not every idea can work in finance. Anyone who believes that is a financial fool. The goal isn't to attempt, the goal is to succeed.  

    17 minutes ago, ProfD said:

    Again, I don't know why you're hung up on one seed of an investment idea.  The investment could be any number of things.  Just a matter of starting from somewhere.

    I am not hung up, an idea generated through multilog in this series. And this series is meant to be financially honest and investing in any number of things is financially foolish, and not having a comprehensive idea from start to finish is again financially foolish. 

     The black religious communities in the black populace in the usa are in modernity, smaller than in any time past. This makes them more efficient financially. They each have a communalism through their religion that is easier to bind behind than Pan Black while it is also easier for them to regale each other to unify in, than Pan Black.  Pan Black requires accepting black people in all the ways they come and that will not work in the usa. Garveyism will never occur again in the usa, unless a number of things happen which have slight odds.  The black populace in the usa today is too internally multiracial. So the key to any collective financial action is finding successful black groups in the black populace in the usa. Not trying to gather the black individuals into a group, that is a waste of time and money. Said black individuals have varying levels of trust, money, that makes them require alot more than a speech plus some plan. But, Black churches have limits, like all religious groups they can't invest in any number of things. And an online service fits the preaching/pulpit passion of the black religious groups in the usa, while also fits the patterns of life of blacks in the usa. 

    Your idea , has quality, so I pronounce it. IT isn't a hang up. It doesn't fit the black individual mantra that is wisest to implement today, but it focuses on a black group that can perform as a collective honestly, not hypothetically. 

    37 minutes ago, ProfD said:

    Again, nothing will get done with a net negative outlook and paralysis based on historical analysis.😎

    Well to your prose, history says otherwise, negative outlooks can still breed financial success or emphasized historical analysis usually yields wiser financial actions. Human history has proven this.

    To my prose that you replied to,  I concur in a positive outlook being more welcome and learning + acting wisely from a historical assessment . This is why my prose following this sentence refers to be wise/reaching for more potential/not making foolish gambles. But doing what hasn't been done before is wiser, even if the results are the same. Don't risk the same, better potential reward. Risk the same way, odds are you get the same. 

     

  24. EconomicCorner019

    in Culture, Race & Economy

    Posted

    @ProfD

    50 minutes ago, ProfD said:

    Whether it's $910 billion or $1.7 trillion dollars, a small percentage of that purchasing power of Black folks can be invested instead of wasted on consumerism.

    We concur that seventeen billion , one percent of 1.7 trillion can be collected to invest and I at least accept that is a reachable value with a million black people of a certain financial profile.

    52 minutes ago, ProfD said:

    Trust or lack thereof is another recurring theme in your diatribes.

     

    It's easy enough to put structures in place to manage large sums of money.  Establish an investment bank.  A board. An oversight committee.

    Easy? this is another place where you or I differ. You seem to trust investment banks and a board and an oversight committee as if these things can not financially abuse and take advantage of any group putting their money in and my reason for the recurring theme is the truth, the black populace in the usa has a long history of being cheated in collective financial actions. 

    Do you deny the legacy of the Freedman Bank ?  Do you deny the legacy of how black people were treated in the great depression, no black person got any of their money back when the banks failed , some whites did? Time didn't start in 2025 Profd. I recall a black woman, a host on television, talking about how her own parents were cheated for their home. Black people have a heritage of being financially abused in the usa, you can't deny that with positivity.

     

    Even white historians, who love to forgive the usa,  admit the collective of Black people who put their money into the freedman bank were tricked. That bank had a board, was set up by the usa congress. Am I lying ?

     

    Was not Frederick Douglass a president of that bank? He didn't even want to be the first president of the bank, which he could had been but based on his actions he seemed opposed to positions in government. 

     

    FROM WHITE INFO

    The Freedman's Saving and Trust Company, known as the Freedman's Savings Bank, was a private savings bank chartered by the U.S. Congress on March 3, 1865, to collect deposits from the newly emancipated communities. The bank opened 37 branches across 17 states and Washington DC within 7 years and collected funds from over 67,000 depositors.[1] At the height of its success, the Freedman's Savings Bank held assets worth more than $3.7 million in 1872 dollars, which translates to approximately $80 million in 2021.[2][3]

    However, the rapid development of the bank was largely driven by false claims and was coupled with mismanagement and fraud.[4] The bank failed in 1874, weighed down by speculative loans issued by the bank's white officials throughout its existence.[2][5]: 138  Historians believe that the bank's failure not only destroyed the savings of many African Americans, but also their trust in financial institutions.[5]: 211 [6][7]

    The site where the bank's headquarters once stood was later occupied by the Treasury Annex. The Annex was renamed the Freedman's Bank Building in 2016.

    https://en.wikipedia.org/wiki/Freedman's_Savings_Bank

     

    1 hour ago, ProfD said:

    There's more than one way to raise $17 billion dollars.

     

    I've already mentioned that Black churches raise $11 billion annually. Members don't get anything tangible in return. 

     

    Maybe the investment board/oversight committee should include Black preachers too. 😁

    Great point, except for the tangible. PEople who are members of any religion tend to want a spiritual desire, it isn't meant to be something they can grab with their hand/tangible. ANd I forget who it was maybe @Pioneer1 or @Troy or you with the Halleluyah website. 

    YOu Profd have set up a functional idea in the economic corner.

    A union of Black Churches [somehow someone can do this] to pool their resources together and make an esocial platform, Halleluyah, with a board and oversight committee. Very nice, I just don't see who can get the gathering. In my mind maybe Obama+Al SHarpton.

     

    I don't like the idea of a union of Black Churches with an investment bank cause religious organizations historically are too rigid culturally to invest in what the populace needs, not what their rules dictate.

    1 hour ago, ProfD said:

    Doing nothing will definitely breed similar results. No risk. No reward.😎

    But doing what hasn't been done before is wiser, even if the results are the same. Don't risk the same, better potential reward. Risk the same way, odds are you get the same. 

  25. EconomicCorner018

    in Culture, Race & Economy

    Posted

    @ProfD I wonder how true that is, has anything not been sold for a lot of money at sotheby's in the last thirty years that was put to auction. I imagine sotheby's engineers to prevent that from happening but I will love to know

     

    have you read anything from a black artist working in the late 1700s to early 1800s

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