July 21, 2025 • 8 mins
Did you know the Black dollar only circulates for 6 hours, while in other communities it can stay for 20 days? From Tulsa's Black Wall Street to Marcus Garvey's global business dreams, this episode of I Didn't Know, Maybe You Didn't Either, B Daht uncovers the receipts on how Black folks have been doing group economics and why bringing that energy back could change everything.
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Episode Transcript
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Speaker 1 (00:01):
What's hadding to know it all? Welcome to another episode
of I Didn't know. Maybe you didn't either. I'm your
host B Dots, and I gotta be quite honest with you.
Speaker 2 (00:11):
To kick off this episode, I'm exhausted.
Speaker 1 (00:14):
My campaign for mister Alumni at Winston Salem State University
comes to a close in less than a month, and
I am ready to wrap this thing up. Be Do
you understand what I'm saying to you? Not because it's
not a good cause. I know it is, but it
has been exhausting begging for money for the past six months. Now,
all monies that I raised do go to scholarships for
(00:36):
future rams. Whoever raises the most money is crowned as
mister Alumni, so I hope to win that. But what
upsets me is the marketing strategy that I've been using
for the last two or three weeks has been the
most impactful, and I wish I would have started at
the top of my campaign with that strategy Group Economics.
Speaker 2 (00:58):
See, my campaign is a dollar in a dream.
Speaker 1 (01:00):
Right when I started at Winston Salem State University in
two thousand, all I had was a dollar and a dream.
So I'm asking everybody that follows me. Everybody that hears
me talk about running for mister Alumni to just send
one dollar to my cash app mister Alumni twenty twenty five.
That's cash oup, mister Alumni twenty twenty five. Just one dollar,
(01:21):
four quarters, twenty nickels, ten dimes, one hundred pennies, two
fifty cent pieces. All I'm asking for is one dollar.
Speaker 2 (01:30):
Right.
Speaker 1 (01:31):
So for example, I got one hundred and six thousand
followers on Instagram. If all of them gave one dollar,
that's one hundred and six thousand dollars. I raised in
scholarship money group economics. So as I start diving more
into group economics, I start thinking like, dang, why black
folk don't do group economics?
Speaker 2 (01:48):
More like, why we don't.
Speaker 1 (01:50):
Pull our money together and buy land and buy businesses
and strengthen our communities.
Speaker 2 (01:55):
What happened?
Speaker 1 (01:56):
So I asked social media, and make sure you're following
us on our social media platforms. I DK myde with
an underscore before it and after it. But I asked,
why don't black folks practice group economics? More So, my
poll was have black folks not master group economics because
(02:17):
we weren't taught? Could we selfish and then I put
I got a dollar for your campaign. Half the folks said,
because we weren't taught. In the comments, Princess Jay Love
Ballet says, we did. Then they burned our progress down.
We had to start all the way over. Then they
integrated us, so they were chasing the white American dream.
I thought that was a valid rebuttal Keith Blid said
(02:39):
people want to waste money trying to keep up with
other people with poor financial decisions.
Speaker 2 (02:44):
I don't know why. That's the voice I.
Speaker 1 (02:45):
Heard when I saw Keith Blid's comment, but that was
the voice Big Static ninety three say. It take all
of us, especially people with big platforms, to push this narrative,
and not just for the moment.
Speaker 2 (02:56):
That's a good point.
Speaker 1 (02:57):
Anthony the deal Breaker said, integrate and kill group economics,
just like segregation forced the group economics, so overall it
killed our programming to work together. So to kick off
this group economics episode, I have three of the most
useless facts you'll never need, not a day in life
about group economics. Your first useless fact, the Jewish dollar
(03:22):
reportedly circulates in its community for up to twenty days.
That one dollar just stay in the community. Just stay
in the community for three weeks, that same dollar going
to the butcher, it going to the car wash, it
going to the restaurant, it going to the cafe, it
go to the grocery store, it's given the valet, and
then three weeks later it leads the community to go
(03:44):
to the strip club. Your second useless fact the black dollar.
It reportedly circulates in its community for six hours on average.
Six hours. Man, our dollar stays in our community for
a half a season of the shot.
Speaker 2 (04:01):
But it wasn't always like that.
Speaker 1 (04:03):
Because your third useless fact, lets you know that there
was once a black town where money bounced around a
hundred times before it left, and that town was called
Black Wall Streets. Those will be your three useless fact.
The Jewish dollar reportedly circulates in its community for up
to twenty days, whereas the black dollar circulates in its
(04:24):
community for six hours on average. And it was once
a black town where money bounced around a hundred times
before it ever left, and that town was Black Wall Street.
Speaker 2 (04:35):
So how do we get back to Black Wall Street.
I don't know, I didn't know. Maybe you didn't know.
I didn't know. Maybe I didn't know. I didn't know.
Maybe you didn't.
Speaker 1 (04:47):
I didn't know. I didn't know.
Speaker 2 (04:49):
I didn't know. I didn't know.
Speaker 1 (04:51):
You ever hear the phrase by black and think, oh,
this is just another TikTok trend. No, by and Black
is group economics, and we've been doing that. For those
that don't know what group economics is, Basically, we spend
with us. You get your hair done by your cousin
or my sister she down in Stone Mountain, Georgia. She
do he real well. You grab food from the soul
(05:11):
food spot on the corner. You hire your homeboys cleaning
service or your homeboys lawn care service like my boy
cabin in Greensboro boom. That's how you circulate the black dollar. Now,
this ain't just about feel good spending. This is how
you build power in the community, economic power. And I'm
giving you this as I'm learning it in real time.
Like I've always thought about things like this, but I
(05:33):
didn't really understand how there was terminology to support it.
Group economics builds economic power because when you keep money
in the family, the neighborhood thrives, businesses grow, We hire
each other. That's leverage. Let me show you how black
folk been on that wave. Greenwood, Tulsa early nineteen hundreds,
a whole black ecosystem, barber shops, law offices, movie theaters, banks,
(05:58):
all black owned. It was so successful they called it
as a referenced earlier Black Wall Street. And again they
say money changed hands thirty six to one hundred times
before it ever left. Imagine if you're twenty dollars from
the barbershop went to the florists, who spent it with
the tailor, who bought lunch at the diner, all before
it ever went to Walmart. That's economic unity. Then there
(06:21):
was Marcus Garvey. This man had vision. He told us
do for self. He started shipping companies, grocery stores, a
whole black business network, even tried to launch the Black
Star line to connect African descendants around the world. And
Marcus Garvey was on his Wakanda forever back in nineteen nineteen.
And don't forget the Nation of Islam. I know the
(06:41):
way the Nation of Islam gets presented to us, It
sort of sometimes feels like a fear tactic, like the
Nation of Islam and Malcolm X and Lewis Fara Khan. Oh,
they hate all white people. I don't think that's the case, like,
I'm not very educated in the Nation of Islam, but
from what I get from them, brothers, they just want
to protect black They not saying kill no, but they're
saying defend yourself. And if death is the outcome of
(07:03):
you defending yourself, then so be it. I don't disagree
with that. But the Nation of Islam had farms, restaurants, schools.
You could be born, fed, educated, and buried, all by
black businesses. They turned by black into a lifestyle. Even
during Jim Crow when travel was dangerous, You've seen the
movie Life then white only pies. That was the real South.
(07:27):
And that's when we had the Green Book. That was
a literal playbook of black owned safe spaces. I'm from Greensboro,
North Carolina. The Magnolia House right there off Girl Street.
I did all my visuals from season one at that location.
You can find it on YouTube just search IDK myde.
But that was a historic landmark in the Green Book. Edda, James,
(07:51):
James Brown, Gladys Knight all stayed at the Magnolia House.
But the Green Book didn't just have hotels. They have mechanics,
beauty show. It wasn't just survival. It was strategy. That's
group economics. So I asked you, what's the last black
owned business you support it? Tag them, shout them out.
(08:11):
Let's get this dollar doing lapse. Cause black folks been
master group economics. We didn't need to be reminded and
I didn't know. Maybe you didn't either,
What's hadding to know it all? Welcome to another episode
of I Didn't know. Maybe you didn't either. I'm your
host B Dots, and I gotta be quite honest with you.
Speaker 2 (00:11):
To kick off this episode, I'm exhausted.
Speaker 1 (00:14):
My campaign for mister Alumni at Winston Salem State University
comes to a close in less than a month, and
I am ready to wrap this thing up. Be Do
you understand what I'm saying to you? Not because it's
not a good cause. I know it is, but it
has been exhausting begging for money for the past six months. Now,
all monies that I raised do go to scholarships for
(00:36):
future rams. Whoever raises the most money is crowned as
mister Alumni, so I hope to win that. But what
upsets me is the marketing strategy that I've been using
for the last two or three weeks has been the
most impactful, and I wish I would have started at
the top of my campaign with that strategy Group Economics.
Speaker 2 (00:58):
See, my campaign is a dollar in a dream.
Speaker 1 (01:00):
Right when I started at Winston Salem State University in
two thousand, all I had was a dollar and a dream.
So I'm asking everybody that follows me. Everybody that hears
me talk about running for mister Alumni to just send
one dollar to my cash app mister Alumni twenty twenty five.
That's cash oup, mister Alumni twenty twenty five. Just one dollar,
(01:21):
four quarters, twenty nickels, ten dimes, one hundred pennies, two
fifty cent pieces. All I'm asking for is one dollar.
Speaker 2 (01:30):
Right.
Speaker 1 (01:31):
So for example, I got one hundred and six thousand
followers on Instagram. If all of them gave one dollar,
that's one hundred and six thousand dollars. I raised in
scholarship money group economics. So as I start diving more
into group economics, I start thinking like, dang, why black
folk don't do group economics?
Speaker 2 (01:48):
More like, why we don't.
Speaker 1 (01:50):
Pull our money together and buy land and buy businesses
and strengthen our communities.
Speaker 2 (01:55):
What happened?
Speaker 1 (01:56):
So I asked social media, and make sure you're following
us on our social media platforms. I DK myde with
an underscore before it and after it. But I asked,
why don't black folks practice group economics? More So, my
poll was have black folks not master group economics because
(02:17):
we weren't taught? Could we selfish and then I put
I got a dollar for your campaign. Half the folks said,
because we weren't taught. In the comments, Princess Jay Love
Ballet says, we did. Then they burned our progress down.
We had to start all the way over. Then they
integrated us, so they were chasing the white American dream.
I thought that was a valid rebuttal Keith Blid said
(02:39):
people want to waste money trying to keep up with
other people with poor financial decisions.
Speaker 2 (02:44):
I don't know why. That's the voice I.
Speaker 1 (02:45):
Heard when I saw Keith Blid's comment, but that was
the voice Big Static ninety three say. It take all
of us, especially people with big platforms, to push this narrative,
and not just for the moment.
Speaker 2 (02:56):
That's a good point.
Speaker 1 (02:57):
Anthony the deal Breaker said, integrate and kill group economics,
just like segregation forced the group economics, so overall it
killed our programming to work together. So to kick off
this group economics episode, I have three of the most
useless facts you'll never need, not a day in life
about group economics. Your first useless fact, the Jewish dollar
(03:22):
reportedly circulates in its community for up to twenty days.
That one dollar just stay in the community. Just stay
in the community for three weeks, that same dollar going
to the butcher, it going to the car wash, it
going to the restaurant, it going to the cafe, it
go to the grocery store, it's given the valet, and
then three weeks later it leads the community to go
(03:44):
to the strip club. Your second useless fact the black dollar.
It reportedly circulates in its community for six hours on average.
Six hours. Man, our dollar stays in our community for
a half a season of the shot.
Speaker 2 (04:01):
But it wasn't always like that.
Speaker 1 (04:03):
Because your third useless fact, lets you know that there
was once a black town where money bounced around a
hundred times before it left, and that town was called
Black Wall Streets. Those will be your three useless fact.
The Jewish dollar reportedly circulates in its community for up
to twenty days, whereas the black dollar circulates in its
(04:24):
community for six hours on average. And it was once
a black town where money bounced around a hundred times
before it ever left, and that town was Black Wall Street.
Speaker 2 (04:35):
So how do we get back to Black Wall Street.
I don't know, I didn't know. Maybe you didn't know.
I didn't know. Maybe I didn't know. I didn't know.
Maybe you didn't.
Speaker 1 (04:47):
I didn't know. I didn't know.
Speaker 2 (04:49):
I didn't know. I didn't know.
Speaker 1 (04:51):
You ever hear the phrase by black and think, oh,
this is just another TikTok trend. No, by and Black
is group economics, and we've been doing that. For those
that don't know what group economics is, Basically, we spend
with us. You get your hair done by your cousin
or my sister she down in Stone Mountain, Georgia. She
do he real well. You grab food from the soul
(05:11):
food spot on the corner. You hire your homeboys cleaning
service or your homeboys lawn care service like my boy
cabin in Greensboro boom. That's how you circulate the black dollar. Now,
this ain't just about feel good spending. This is how
you build power in the community, economic power. And I'm
giving you this as I'm learning it in real time.
Like I've always thought about things like this, but I
(05:33):
didn't really understand how there was terminology to support it.
Group economics builds economic power because when you keep money
in the family, the neighborhood thrives, businesses grow, We hire
each other. That's leverage. Let me show you how black
folk been on that wave. Greenwood, Tulsa early nineteen hundreds,
a whole black ecosystem, barber shops, law offices, movie theaters, banks,
(05:58):
all black owned. It was so successful they called it
as a referenced earlier Black Wall Street. And again they
say money changed hands thirty six to one hundred times
before it ever left. Imagine if you're twenty dollars from
the barbershop went to the florists, who spent it with
the tailor, who bought lunch at the diner, all before
it ever went to Walmart. That's economic unity. Then there
(06:21):
was Marcus Garvey. This man had vision. He told us
do for self. He started shipping companies, grocery stores, a
whole black business network, even tried to launch the Black
Star line to connect African descendants around the world. And
Marcus Garvey was on his Wakanda forever back in nineteen nineteen.
And don't forget the Nation of Islam. I know the
(06:41):
way the Nation of Islam gets presented to us, It
sort of sometimes feels like a fear tactic, like the
Nation of Islam and Malcolm X and Lewis Fara Khan. Oh,
they hate all white people. I don't think that's the case, like,
I'm not very educated in the Nation of Islam, but
from what I get from them, brothers, they just want
to protect black They not saying kill no, but they're
saying defend yourself. And if death is the outcome of
(07:03):
you defending yourself, then so be it. I don't disagree
with that. But the Nation of Islam had farms, restaurants, schools.
You could be born, fed, educated, and buried, all by
black businesses. They turned by black into a lifestyle. Even
during Jim Crow when travel was dangerous, You've seen the
movie Life then white only pies. That was the real South.
(07:27):
And that's when we had the Green Book. That was
a literal playbook of black owned safe spaces. I'm from Greensboro,
North Carolina. The Magnolia House right there off Girl Street.
I did all my visuals from season one at that location.
You can find it on YouTube just search IDK myde.
But that was a historic landmark in the Green Book. Edda, James,
(07:51):
James Brown, Gladys Knight all stayed at the Magnolia House.
But the Green Book didn't just have hotels. They have mechanics,
beauty show. It wasn't just survival. It was strategy. That's
group economics. So I asked you, what's the last black
owned business you support it? Tag them, shout them out.
(08:11):
Let's get this dollar doing lapse. Cause black folks been
master group economics. We didn't need to be reminded and
I didn't know. Maybe you didn't either,
Host
Brian "B Daht" McLaughlin
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