Let’s start off the article with a byline of what Jerome Powell's goals are:

"Powell said the Fed is seeking to increase its benchmark rate by enough to slow the economy, hiring, and wage growth."

If you need help translating, Jerome Powell and the Fed want mass layoffs and unemployment, stagflation, and access to credit and financing harder. If you need further explanation, the goal is to increase poverty to slow the spending demand. Guess who going to get hit the hardest by this strategy? The Black community and Black people in general.

This happened before during the Reagan era when Fed chair Paul Volcker engineered two recessions to curb high inflation by raising interest rates very high. If you know any Black person or the Black community, this is one of the most enormous modern economic devastations to the Black community outside of the Great Depression. All of the gains from the 1970s soul-brotha/soul-sista Black power movement were wiped out and militant brothas and sistas had to move to DC and get government jobs. Everybody else left behind was in abject poverty, which was the beginning of the slow decline of our people.

Now we are seeing this same scenario being engineered in 2023 and we have warned that this event was coming to the Black community. What we have to brace for are the following:

Mass Layoffs. We are looking at the same trend of laying off brothas and sistas from corporations and replacing them with cheaper labor or automation if possible.

Business Closures. The high-interest rates are going to make it harder for Black businesses to seek financing and all these cornball Black tech ventures to see that additional round of VC funding which are funds borrowed on interest rates.

Foreclosures. Once people lose jobs and businesses, they cannot afford mortgages and the rent and have to move elsewhere and some are marginalized to the position of being homeless or sleeping rough as they say in the UK.

However, based on what we see in 2023 trends and predictions, we see a brighter outlook for brothas and sistas than in past recessions and an opportunity to thrive. Not only do we see this, but a lot of economists are also seeing that we are likely going to see what the Wall Street Journal is calling a “richcession” instead of a recession where mostly the rich and upper class are going to get the biggest hit.

Many of you know the rich do not work and sit off their inheritance money by lending money to themselves and paying it back with interest rates less than a tax rate if it was income. The rich lend themselves $100,000 from a trust that is 5% to 7% but if it was $100,000 salary, that’s about a 30% tax rate so that’s why you see stories of rich people who pay zero taxes in case you didn’t understand why.

Now with interest rates growing, the rich are going to have to spend more money to borrow for their lifestyle and they are predicted to lose big as well. The stock market had a very bad run and is predicted not to grow significantly but actually lose value most of 2023 where again, the rich are going to lose serious wealth from the Fed interest rate hikes.

But for the Black community and what we facing in 2023 is going to be based on the path taken by Black individuals. I cannot stress that this is the most important part of this article and all of Dream and Hustle – who you choose to associate with, follow, or subscribe to determines everything. We have Black people that choose to follow social media, date knuckleheads and listen to self-degrading media while we have another group of Black people that choose to follow God and follow their purpose. I’m putting all my chips on the Black people that follow God and their purpose and they going to win, watch and see.

I’m going to explain three big trends that are going to blow up that Dream and Hustle and the 3rd Strategic Institute is already working to implement among Black Excellence that will create a recession-resistant economic venue. Let me explain what they are so you can fully understand them.

First and foremost, and we have to explain something, we got all of this out of Japan and Tokyo from our research and it was one of my first takeaways when I first visited in 2009. One thing I quickly noticed in Tokyo is the folks in Tokyo are not going broke and never will go broke no matter how bad the macroeconomics is in Japan.  The reason why is the microeconomics is so tight and integral to daily living that they save tremendous money that they can keep for themselves by engaging in collective local fiscal economics. And we bringing the best patterns and practices back to the Black community.

Food Revolution in the Black Community. There will be an open-source Black food revolution where we need more modular, smaller spaces to serve food and the type of food to serve is everyday healthy meals or quick meals. They use hot water and gas canisters to make ramen bowls, tempura vegetables with steamed rice, and charcoal for kabobs and they have these stalls everywhere. These are not fried chicken joints everywhere that are not good for our colons, these are cheap and healthy choices where if you live in Japan you don’t have to cook at home and just pick up a healthy meal at a food stall – Singapore and Thailand have this as well. This will create massive economic opportunity and eliminate food deserts that are artificially created by depending on big corporations like the South Side of Chicago that lost their Whole Foods recently they were bragging about when it opened.

Content Creation. Right now, Black people are creating poor quality content freely on social media that is short-lived and some of it is not even funny or has good edits. Once again, in China and South Korea, we are seeing quality content themes being replicated and all of them are getting good views and sponsorships. From solo camping videos to working on farms with elder farmers to cooking and eating juicy chicken and crab meat, they know how to make videos that appeal to primal urges while the Black community creates ignorant content trying to get a cheap laugh or a weak motivational moment. We can create better-paid content models that help anybody become a content creator. You have heard me express that people should look at creating content instead of planning for retirement, cashing out the 401k, and buying content creation equipment or lifestyle.

Cashless Commerce. We are not talking about debit cards or credit cards or CashApp. We are talking about the ability to store value and engage in transactions that can be done via biometrics, digital keys, and smart cards that can power low-cost, high-volume transactions in the hood. This is what is done in Tokyo for example with the transit cards, can use for transportation as well as vending machines and convenience stores. You go to work in Tokyo and grab an energy drink from the vending machine with your Suica card, get on the train with your Suica card and keep a balance on your Suica card while your other money is in investments because you revolved around your daily spending on a Suica card with a manageable living balance. That’s what’s missing in our community and we looking at that as well.

So what I’m giving is a sample of creating core economic frameworks that are resilient as we saw in Tokyo where people in Japan are not going broke because also, they buy Louis Vuitton and Hermes and quietly pawn/sell them as assets. Don’t ever by a fake LV, go get a real one, even if it is used. Same with brothas with shoes – get the high quality. Having liquid access to cash by having assets to give up is also a lifeline that we don’t also consider and you know I do support pawn shops as an economic model if done correctly. Resale is very serious in Tokyo and that is how money is quickly moved through individuals and small business owners can quickly launch a resale shop. All I buy in Japan is a quality used electronic gear for me and used luxury bags for my women back in the USA.  

So while Jerome Powell is using outdated means to try to force economic shock hoping to devastate Black communities to help the rich, we see organic patterns and practices that can create core economic resilience that we saw in Japan. The only problem is again, goofy clown punk ass Black men and Black women following clowns on social media and not putting in work to better themselves. The game is all there written out and explained for anybody to take the hustle and run with it. But like I said, I’m betting on the brothas and sistas that choose God and their purpose to go out and win.

The rest of these clowns in the Black who are not prepared, currently sniggling at some stupid video clip on TikTok, working a broke gig economy job, and always posting negative, doubting stuff online are the ones that going to feel what Jerome Powell is trying to do to our people. Don’t be one of them.

Tell yourself in the mirror 2023 is your year and you going to go out and get yours and realize what is already out there that you can run with. We got too much ahead of us and if we don’t go out and get it, we going to miss out and suffer the economic wrath being engineered against us. The time is now.