THE BLACK DISCONNECT

(LinkedIn Reprint) Silas Green /G\ TSQGLOBALMEDIA LLC Media Relations Digital Marketing Brand Management (Self-employed) -- Fifty has a point... 50 Cent says, "My son Marquise is 27 and still asking for child support. I give him $10,800 monthly, but he says it's not enough." "Success cost me my relationship with Marquise. At 27, he should be ashamed to ask for child support. He thinks being 50 Cent's son means he doesn't have to work. I offered to set up a business for him to earn $1 million a month, but he refused. He has an entitlement mentality, thinking my money is his. It hurts to see him so irresponsible. I keep saying this publicly, hoping he'll be ashamed and start working. No matter how rich you are, never let your kids feel your money belongs to them." Moral lesson: Some of us at 17 we hustled on our own. I have been working since I was 15 years old. Sorry my son or not, I respect work! (End Reprint) hashtag#50cent

This is a prime example of a disconnect and how dollars are wasted when they could help support a good cause, e.g., funding for a historic mission to create a permanent solution to help recycle our wealth in the Black community.

The disconnect between our Black high-net-worth Businesspersons, Athletes, Entertainers, and Politicians is unfortunate. You and I are primarily responsible for giving them the opportunity to make those billions of dollars they have. However, 90+ percent of those high-net-worth Black dollars are invested in or flow through institutions that are the primary source of Systemic, Endemic, Economic, financial, and Racist Systems (SEEFIRS). These White controlled institutions keep siphoning off a huge share of our Black wealth via their management, parking, float, and many other fees. ?If you are in one of the above categories, please search your conscience while you are buying your multi-million-dollar private jets, yachts, luxury cars, and mansions; please stop and think about the rest of us who are struggling under SEEFIRS to make ends meet. The unfortunate reason for this article is that we have no Black-controlled institutions large enough to handle the high-net-worth of our Black Billion and Millionaires – they must all go to White institutions.

Our Black high-net-worth individuals and organizations have never thought about the fact that we actually have enough billions of dollars and cash flow to create our own Black-Controlled Central Liquidity Facility/ Secondary Market (BCCLF/SM). SEEFIRS has so conditioned us to the point that we don’t believe we can create and control our own economic and financial ecosystem. We do not own or control any major financial institutions; therefore, we have no ability to capture, recycle Black wealth, or facilitate and/or transfer our generational wealth. We, as black people, have never owned or controlled a substantial secondary market. Institutions, e.g., Fannie Mae, Freddie Mac, NASDAQ, New York Stock Exchange, Hedge Funds, Pension Funds, and Multi-Billion-dollar Insurance Companies. There has never been a Black financial institution that was not considered too big to fail.

In total, the white-controlled SEEFIRS institutions hold and manage trillions, yes, trillions of our dollars. The why here is what’s stopping us from taking control and creating permanent, Black-controlled institutions. WHY CAN’T WE PAY OURSELVES?

What we need to put in place is an Umbrella Black Nationally Chartered Central Bank and Secondary Market or a Black Controlled Central Liquidity Facility/Secondary Market with a foreign service desk, which would allow African countries to also participate in and support this critical historic facility.

Under this institutional umbrella would be:

·????? Central Reserve Bank/Secondary Market

·????? Full-service broker-dealer firm

·????? Full-service all-lines insurance company

·????? Residential and commercial mortgage servicing company

·????? If awarded, a reparations management and distribution service

the federal government has facilitated SEEFIRS since this nation’s independence. Example: White settlers pushed Native Americans off their lands with federal assistance. Slavery was legalized, restricting land giveaways primarily to whites; Blacks were mainly barred from the old-age assistance fund (Social Security). Blacks that owned land were, in many cases, pushed off or cheated out of their land with little or no government protection. The old and new Jim Crow laws and Red Lining allowed for additional oppression of black Americans. Just recently the only major black-owned 100-year-old insurance company, North Carolina Mutual Insurance Company, was placed in liquidation by the North Carolina insurance commission, thereby eliminating the only means of passing on generational wealth within a black controlled company.

These are just a few of the effects of government and institutional sponsored SEEFIRS. A BCCLF/SM is the only feasible way to bring about financial and economic parity between Black and White institutions, along with reducing the tremendous wealth gap between Black and White families. The federal government has facilitated the development of White-controlled institutions, which have poor track records when it comes to Blacks. Some of these federally funded and supported White controlled institutions are:

·????? The National Cooperative Bank

·????? The Federal Reserve Bank

·????? The National Credit Union Administration’s Liquidity fund

·????? Fannie Mae, Freddie Mac, and the FHA system

Statistically, if we or the government do nothing to eradicate SEEFIRS, it is projected that it would take hundreds of years for Blacks to catch up or reach financial and wealth parity with white institutions and families.

Black, White, federal, and private institutions have studied and acknowledged this is a critical problem. SEEFIRS underpins the economic, financial, crime levels, employment, domestic violence, and health issues plaguing our communities.

I am seeking funding. Again, we can find ways to fund millions of dollars to address the symptoms and effects of our problems, but not permanent solutions. I am available to discuss any aspects of this mission in more detail if you'd like.

IF OUR AFRICAN AMERICAN WEALTHY OR LEADERS WON’T JOIN MY LEAD ON THIS ISSUE AND KEEP IGNORING THE BIG ELEPHANT IN THE ROOM. THEN, I WILL LEAD AND KEEP POSTING UNTIL THEY SEE THE LIGHT. If you want action on this, we must increase our numbers just as was done during the civil rights era -- Martin and Malcolm would be proud of us, and their fight for economic equality will not have been in vain.

Contact:

George “GC” Clarke

[email protected]

#Blackwealth #Blackwealthy #Blackbusiness #Blackmoney #Blackeconomy #Blackbanks #Black thinking #Banking #BlackWallStreet #BlackPhilantropy #BlackReparations