SHOULD BLACKS GO BACK TO AFRICA?

We as leaders must stake our ground right here and now in the U.S. We as Black citizens have a major stake in the building of this nation, just as, if not more, than, the European emigrants who basically invaded this land forced the Native Americans off their land and forcibly brought us Blacks here and enslaved us. So, NO, we, as Black American people, will not cut and run back to Africa -- just as much as European emigrants claim they have a right to be here, so do Blacks. If Black people went back to Africa, they would find that the Europeans were already there with the same Systemic, Endemic, Economic, Financial and Institutional Racist Systems (SEEFIRS). So, we're not leaving!

Yes. they may incarcerate or kill me, as they did Martin Jr. and Malcolm, but it won’t stop the fact that SEEFIRS must be stopped! We, as black citizens, have the power within our people and communities to lift ourselves out of our oppression. Our Black wealthy, which includes Businesspersons, Athletes, Entertainers, and Politicians, have collectively Billions at their disposal. However, an astonishing percentage of Black money remains perpetually at work in White Banks and financial institutions. The very SEEFIRS which keeps its foot on our neck so we can’t financially breathe. Think about it: if your wealth and financial resources are in the hands of the same banks and institutions that want to perpetuate and protect the status quo. That’s like asking a thief to guard your money.

Another of my great Uncles, Hugo Owens (R.I.P.), a past president of the National Dental Association, And Chesapeake City Council member in Virginia, also a noted civil rights leader, and Civil Rights Activist Hugo A. Owens, Doctor Owens tells the story of opening his first dental office 1957 and had over 20 thousand dollars in savings at the local white bank. He applied for a $5,000 loan and was denied because he was a few days late on a $150 small loan. He said, “I demanded all of my money on deposit that day and was told that the bank didn’t have the money on hand, but would have it the next day. So I came back the next day and had them put all the money in a bag and walked out of the bank – I was scared to death that I was going to get knocked in the head before I got home.” Hugo opened his office and used much of the remaining balance of the money to help other Black dentists to open their offices.

Having worked in the financial services and lending industry for more than 50 years, I can say that nothing has changed. Even though we have billions invested with White Banks, Investment Firms, and Insurance Companies – we have to go through a living hell to borrow minimal amounts of those Billions back. At the same time,?we’re paying those institutions ungodly amounts of interest and fees. I’ve experienced unnecessary red tape and conditions from underwriters on black loan approvals as apposed to what White people experience ( ?Navy Federal Credit Union rejected more than half its Black conventional mortgage applicants last year | CNN Business ). Uncle Hugo was sending us a message, which is if the banks and other financial institutions and the government continue to practice SEEFIRS --? WE MUST GET OFF THE BACK of THE PROVERBIAL WHITE SEEFIRS BUS! TAKE OUR MONEY AND PUT IT IN SOMETHING WE CONTROL, e.g., a BCCLF.

How do we do this? Here’s the answer. We develop and implement our own Black Controlled Central Liquidity Facility (BCCLF), which is similar to a huge financial cooperative. The BCCLF will have a:

·??????? Central Bank with a Foreign Service Desk for African Countries that want to Support and Participate (the World Bank / International Monetary Fund is an example)

·??????? Fullservce Broker-Dealer Firm

·??????? Full Service All Lines Insurance Company (The only Black 100-year-old major Black owned Insurance company, North Carolina Mutual Insurance Company, has been liquidated by the NC Insurance Commissioner)

·??????? Secondary Residential and Commercial Mortgage Market and Servicing Company

·??????? Pension Holding Company

Blacks have the billions in cash and assets necessary to accomplish this Realstory [not his-story]- making mission. By assembling the experts and professionals already working in the financial services industry, we can research, structure, and implement this Black Central ?Financial System. A BCCLF will stop the effects of SEEFIRS and shorten the time for Blacks to reach financial wealth parity and the ability to pass on generational wealth.

I know that the fear and disbelief -- however, this can be done based on the long and protracted suffering experienced under SEEFIRS, Stockholm Syndrome, and Financial PTSD.

NOW IS THE TIME FOR BLACK PEOPLE TO GET OFF THE SEEFIRS BUS!

We must do this to emancipate ourselves from SEEFIRS. Our wealthy can buy multi-million-dollar jet planes, yachts, mansions, and luxury cars. It puzzles me to no end, why we can’t agree on a permanent solution to our most critical wealth problem. SEEFIRS is the underlying cause of all our problems. I have been suggesting this for years—if not now, when are we going to get serious about our disparate situation?

Implementing the BCCLF plan will close the gaping hole which billions of our dollars are being siphoned off, draining our wealth. Recirculating the Billions back through a BCCLF system will provide liquidity for our:

·??????? Black Banks and Business

·??????? Economic development (currently we must go to White institutions for development project funds)

·??????? Financial service industry jobs

·??????? Mortgages

·??????? Closing the wealth gap

·??????? Scholarships and Internships (mainstream companies don’t readily provide these)

Black community Benefits:

·??????? Jobs

·??????? Generational Wealth

·??????? A healthy community reduces crime/drug use

·??????? Better health facilities/healthcare

·??????? Better Schools / Education

It’s sad that if this is read and no one steps up to help get this off the ground. We can spend Bullions on the symptoms and effects of SEEFIRS and not the cure. I need some Organization, Wealthy Individual, and/or Institution to recognize the critical need to Research and implement this solution. Martin Luther King, Jr’s and Malcolm X’s dream of Economic Civil Rights can be achieved if we put our shoulders to the wheel and commit ourselves to the same unstoppable effort to make our Economic Freedom a reality! ?

I am available to meet and present this topic upon request:

George “GC” Clarke

[email protected]