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Helping out the black community

Time Zone: EST (New York, Toronto)
Messenger: IPXninja Sent: 4/21/2020 10:41:46 AM

We often talk about economic justice. Right now, a lot of our people are out of work because a lot of people in general are out of work. There are a lot of places you can donate and that's all good. At the same time though, please think about taking this opportunity to invest in black owned banks.

By increasing the funds these banks have available, that means that it can aid in the recovery of black businesses that rely on these banks and that in turn helps the economy of the communities in which these black owned businesses operate. Think about it.

Do your research before you choose a bank to invest in and understand that you may not see good returns. But, investing is not the same as donation. It's ownership. And as those businesses repay those loans it increases the value of the bank which can increase the value of your ownership in that bank. We have simply not had a huge investment strategy, that I can recall, since the time of Marcus Garvey. However, even if Garvey didn't have the right investment, he did have the right general strategy. Investing in ourselves.

And at a time when everyone is recovering and scrambling to recover and looking for money to do so, how will we fare? How will our community bounce back? With handouts? Who will get the handouts first? Which community will the US seek to support first? Certainly not us. So how can our already struggling businesses survive against that competition? We have to start investing in ourselves. If you think this is a good idea, simply pass it on. If you want to but don't have any money, that's okay. Pass on the message instead. Make the idea go viral.

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