Proverbs 14:15 - The simple believeth every word: but the prudent man looketh well to his going. There is no way African-Americans can be economically empowered if our people continue to be ignorant and stupid about how we handle our money. Over and over, I watch African-Americans let everybody come in and hustle their hard-earned money from them when these same African-Americans got bills to pay and most of them are living in a paycheck-to-paycheck situation. And the latest hustle is the so-called black-owned bank propaganda that arisen out of the emotions around police shooting incidents. I feel helpless over the constant uneducated stuff that African-American do financially without any foresight or fortitude to protect the money in their pockets. The majority of African-Americans are struggling financially - cats ain’t rocking funds like they want to portray at the club or church. We are taxed for being black by having higher interest loans, more expensive food and products at retailing establishments in our black communities. Then we got cats keep coming up with hustles and black people keep pulling out their hard-earned money and just give their money away to the damn hustle. I don’t think we can make it brothas and sistas, I’m just being honest. The black-owned bank nonsense going around right now is based on black racism which is also known as black nationalism, just a bunch of ineffectual attitude, talking and no results. But there is a major hustle going on here and this is African-Americans are pretty ignorant and don’t do homework. What is being hustled is the concept of a “black identity” bank that stupid African-Americans are buying into and not realizing a “black-owned” bank has zero to do with a “black identity” bank, what stupid black folks think they are getting out of this black racist hustle. If we go look at our African-American history of black banks, they were basically Boule lending to each other – they took money from regular folks but those loans mostly went to Boule cats. It was a self-serving charade as long as 100 years ago. The truth is the majority of lending to African-Americans was done in a peer-to-peer manner throughout our history. African-Americans would pool their money together and lend it out to someone they all agree on. The home I grew up in Chicago was not mortgaged by a bank, it was property owned by an elder African-American woman that owned properties part of a greater lending club ran by African-American socialites. Do African-Americans understand the purpose of a local bank? The end-goal of a local bank is to promote gentrification, that is their business model. A local bank is to lend money to businesses and underwrite mortgages but the people they lend money to and underwrite mortgages for are people new to the area! It’s like African-Americans don’t even realize this simple fact about local banks! African-Americans don’t even realize they are destroying their own community supporting a local bank, even if that bank is black-owned. In fact, let’s take it a step further – almost every black community that has a black-owned bank, gentrification occurred where the properties are no longer owned by African-Americans. New York, Chicago, Los Angeles, Washington DC, we can keep going and going…name that black-owned bank you talking about and let’s look at the community and you will discover that area has gentrified dramatically as a result of that black-owned bank lending money to outsiders. And we can go the reverse – black communities that do not have black-owned banks are still intact and not gentrified. Black people still own their homes on the West Side of Chicago with deed passed down black generations - no bank involved. Because local banks are in the business to lend out loans and mortgages and most people who live in the community don’t need them, outsiders coming in need loans and mortgages. So essentially, these African-Americans are screwing themselves supporting these black-owned banks. Before we go, let’s use another example outside of the black community – Korean-owned banks. The reason why Korean-owned banks show up is move Koreans in and take over that community. Koreans use their local banks to establish strip malls and mortgage homes in areas that used to be rural whites and gentrify the area for Koreans. That is the role of a local bank – to gentrify the local community. The black-owned bank discussion is shallow and no one can really go into depth of the conversation of black-owned banks and just make up stuff. They will say black-owned banks supposed to lend money to black businesses and that’s it – nothing goes further than that point which explains why African-Americans are financially ignorant. What is really going on is a classic problem of African-American people keep outsourcing our solutions to someone else. President Obama going to save us..the black preacher going to pray for us..FEMA going to help us…IRS tax refund going to pay us...black banks are going to invest in us. Let’s review the workflow once again – we deposit our money into a black-owned bank and the black-owned bank supposed to take our money and lend it to black businesses that will in turn, give us jobs and fund projects benefitting our community. No black-owned bank ever said they would do this, you just hearing jive ass characters not affiliated with the bank saying this is what these banks going to do, lend the money to create black-owned businesses. We keep saying what other people going to do for us instead of us realizing if we want it done right, we have to do it ourselves. Hey, ain’t that the same bank with the Afrocentric Facebook ad above with the blue chick? Because over and over, when we see people out there peddling black racism and black nationalism and it involves us African-Americans doing something with our hard-earned money, we are being hustled. And African-Americans keep allowing themselves to be hustle, taking their money and do something ignorant like claim they putting it in a black-owned bank when there was never any written promise by any black-owned bank stating they will use that money to invest in black-owned businesses. Note: Black people quickly forgot convicted swindler Warren Ballentine pulled this hustle with some black-owned bank in North Carolina..haven't heard anything from that, huh? But this 'put your black dollars into black banks' just keep coming up over and over again, huh? Again, we African-Americans not going to make it as a people in a Post-Obama era if we cannot be smart about our money and keep throwing it on everything except our self-interest and our essentials. The fact anybody says they doing something with their money for a race-based emotional reason is a goddamn idiot. Where you keep your money should be based 100% of the expertise behind that money and the resources they offer you to work your money – this is your damn money, not black money. This is your bills, your food on your table and your roof over your head – black people ain’t going nowhere but you will be personally going down if you personally ain’t got your money right. Proverbs 11:15 - He that is surety for a stranger shall smart for it: and he that hateth suretiship is sure. Solomon stated directly in the bible that you need to be sure about handling your money for you, by you only. You do not put that surety in a stranger and depend on them to do right by your money or investments or assets. No black-owned bank told you they will take your money and invest in black-owned businesses, you made that crap up in your own head. You better learn to be smart about your own money and protect your own money and use your money only to work for your benefit because it is your money, no one else.