July 3, 2025 • 83 mins
Why is Negro America losing ground economically despite $1.6 trillion in spending power? In this hard-hitting episode, Tony uncovers the root causes of the looming financial crisis of zero wealth by 2053 in the Black community—from the collapse of family structures and financial illiteracy to the cultural shifts undermining generational wealth. A must-listen for anyone serious about understanding the silent economic emergency.
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Episode Transcript
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Speaker 1 (00:00):
Our founding fathers here in this country, brought about the
only true revolution that has ever taken place in man's history.
Evolve the idea that you and I have within ourselves,
the god given right and the ability to determine our
own destiny.
Speaker 2 (00:15):
The United States of America, the greatest nation in history,
ordain by our founders to be guided by divine providence,
but today we are witnessing the orchestrated disintegration of America.
Take a few seconds and take a look around your town,
your state, look at your country and your world, and
(00:39):
boldly ask what in the hell is going on?
Speaker 1 (00:43):
But freedom is never more than one generation away from extinction.
We didn't pass it on to our children in the bloodstream.
The only way they can inherit the freedom we have
known is if we fight for it, protect it, defend it,
and then hand it to them with the well talked
let'stions of how they and their lifetime must do the same.
Speaker 2 (01:02):
Welcome to the podcast project Third Eye Open, where we
dare to question with boldness the events that are unfolding
around us that others won't. At the end of the day,
it is we the people who will decide the destiny
of the nation. Now introducing your host, Tony L.
Speaker 3 (01:32):
Gordon.
Speaker 4 (01:33):
We're the basketball team. All I see is you own
TV getting famous eating that all you see, It's all
I'll see. Well, let me tell you what I see.
Speaker 5 (01:46):
I see a system that's designed for you to failure.
Speaker 3 (01:51):
Now, I know you all like stat so let me
give you something.
Speaker 5 (01:54):
Richmond High only graduates fifty percent of its students, and
of those that do graduate, way only six percent to
go to college. Which tells me when I've walked down
these halls and I look at your classrooms, maybe only
one student is going to go to college, goes God.
Speaker 3 (02:14):
If I ain't going to college, well I don't go.
Speaker 5 (02:17):
Now that's a great question and the answer for young
African American men.
Speaker 3 (02:23):
And here is this, probably to prison. In this county.
Speaker 5 (02:29):
Thirty three percent of black male between eighteen and twenty
four get arrested.
Speaker 3 (02:37):
So look at the guy on your left, Now look
the guy on your right. One of you is going
to get arrested.
Speaker 5 (02:46):
But going up here in Richmond, you're eighty percent more
likely to go to prison than college.
Speaker 3 (02:54):
Those are the numbers. Those are some stats for you at.
Speaker 6 (03:00):
Now ORTINGO, Wow, I'll tell you that Rube came out in.
Speaker 7 (03:15):
Twenty oh five, and it's like it came out.
Speaker 6 (03:26):
Yesterday, because one could argue that there is a system
that has been developed to keep.
Speaker 3 (03:40):
Not it's Negro Americans down, but those who.
Speaker 6 (03:49):
Love freedom, those who love this country.
Speaker 3 (03:57):
One cremnia faility argument with that.
Speaker 8 (04:04):
And a lot That is what on we talked about
today in regards to the community that those who African American,
because that's not really sustains African American.
Speaker 3 (04:17):
African Africa is a continent, not a country. That's why
you don't.
Speaker 6 (04:22):
Necessarily see here Europeans being officially labeled as those who
do re locate here in America as European Americans, because.
Speaker 3 (04:33):
Europe is a continent. They referred to his wife or Caucasian.
Speaker 6 (04:42):
Joy that they referred to by their country, Italian.
Speaker 3 (04:47):
American, Furtish American. So for so wild that refer to
by the continent, So our wont our honestyle.
Speaker 6 (05:04):
We are slipping too referring to versus Black Americans, because
that's the most superable common description of us.
Speaker 3 (05:16):
But black is not a color. It's just like zero
is not necessarily number because it's zero. Black is black.
It is the void of color.
Speaker 9 (05:31):
But I think it too too fun to read with
you know, truisms when it comes to how we speak
and communicate with each other, inscribeer allow ours yet to
be described.
Speaker 6 (05:46):
First, Hey, I'm Tony al and you've experienced another podcast,
meditation and video vegentation of projects that I open. But
we don't seek to change what to thank you, no
from just the courage. It's never wanted you to both
both both the questioned question what's going on around here?
(06:15):
And before I go further again, I want to get
raised to the most high before that him, I will
not be here. I will not be I've been born
in the greatest country on the planet, and I will
not be doing in situmation to you. One could make
(06:43):
you bear your argument that there is uh a target
from the black on the backs of Negro American by
the beginning Man came out with the album.
Speaker 3 (06:57):
When I was in college, Kah the Takes of the
Nation of millions to hold us back.
Speaker 6 (07:05):
No one could make a very good argument that that
is exactly what has been brought upon us. We are
in the water of Earth as a people, as community,
like any other community, and I'm not going to that.
(07:29):
Why is the American negro silently silently on the path
to economic insolvency.
Speaker 3 (07:40):
Let's get to it. How many of you have seen
this article? I know of it.
Speaker 6 (07:59):
This is published in the Black Enterprise. As you see
the date July twelfth, twenty nineteen. It's after the base
of an article that was published or publication that was
(08:22):
published in twenty seventeen called the Road to the World Wealth.
And why am I pointing this particular article out is
because of well published Black Enterprise, well well life. And
(08:51):
you would think publications that was apparently targeted towards the black.
Speaker 3 (08:59):
Nico American talking about how their wealth is going to.
Speaker 6 (09:06):
Evaporate. And I mean, at this time of generation, you
would think that would be frut paced news. Yeah, if
(09:28):
if nothing else discussed in the black community, in the
black churches, in black gathering places from us so called
black intellectuals, I haven't heard of people. And that's maybe
(09:58):
even more concerned. But let's go on to this article.
It starts off by saying you can't have a glamorous
six figure salary, advanced degrees, and a executive title at
(10:19):
a large corporation and still be impacted by the negative
net worth virus. That is prevalent in black communities. According
to the Road to Zero Wealth Report, a published report
report published by Prosperity Now.
Speaker 3 (10:40):
And the Institute.
Speaker 6 (10:43):
For Particy Studies, the medium wealth of Black Americans will fall.
It's not even saying Mike fall, but it says will
fall to zero by twenty fifty if current try continue.
(11:03):
What are those current trends. It is too late to
turn the ship around, at least turn it to.
Speaker 3 (11:16):
Not go up the cliff.
Speaker 6 (11:21):
But after any situation, we first need to admit that
there's a situation and then put forth actions to correct it.
We haven't even gotten to the press part the listening forward.
(11:47):
I'm gonna point to some first the issue and give
my two cents, formative two cents of humbly say, and
how we can.
Speaker 3 (12:06):
Turn the ship ever so slightly with growth.
Speaker 6 (12:17):
Yet persistent disparity. This is from my article by the
c p R. This is the center which I got
so it's the Center for Economic Policy and Research. The
Black Americans expecs the most positive economic conditions and generations.
(12:41):
Record low unappartment rates, record low poverty rates, along with
the record high income levels and new heights of wealth.
With this these data points one could easily assume after
Negro American or experiencing broad prosperity. Yet deeper investigation reveals
(13:05):
that despite breaking numbers, Negro Americans are state admire and
great economic secured.
Speaker 3 (13:16):
From bullet points, median Black.
Speaker 6 (13:20):
Household wealth rose from post Great Recession low seventeen thousand
to around forty five thousand in twenty two. From sevent
nineteen seventy two to twenty twenty two, the annual Black
under permit rate average eleven point six percent. In twenty
(13:40):
twenty three, it was five point five percent, about half
the pigre average, and the record low rate. Medium Black
household income is at its highest point in a generation.
Since twenty eleven, black meeting household income has grown from
(14:02):
about forty one thousand to almost fifty three thousand, and
twenty twenty two, you near thirty percent entries Black medium
wealth or network that sets minus debts Black household household
(14:24):
wealth reeks nearly forty five thousand, more than double the
post Great Recession low of seventeen thousand.
Speaker 3 (14:35):
Senior in twenty thirteen. That's all good news, right that
there's the B side.
Speaker 6 (14:54):
Goes on to say in twenty twenty three, over one
point four million more Black people.
Speaker 3 (15:01):
What need to be working to match the employment rates
of white people.
Speaker 6 (15:08):
The job jobless costs of Black America roughly sixty billion dollars.
Black median income is nearly thirty thousand dollars lower than
the white median and still below the white median income
(15:28):
of nineteen seventy two at about forty five thousand. Black
median wealth keeps a large majority of African Americans sub
substantially distant from the one hundred and ninety thousand estimate to.
Speaker 3 (15:49):
Be the lower limit of middle past wealth.
Speaker 6 (16:01):
As you know there in twenty twenty three reports, still
they dream over five hundred years to black economic equality.
Speaker 3 (16:10):
That's that word again. Equality's an issue. But moved on.
Speaker 6 (16:18):
With all their advances made since nineteen sixty, the nation
is still moving at a glacial pace when it comes
to bridging black white inequality.
Speaker 3 (16:31):
If the country.
Speaker 6 (16:32):
Continues at the rate at the current rate, it will
take over five hundred years to bridge black white inequality,
for nearly eight hundred years to bridge black and white
rough inequality. The reason that word equality works itself because
(16:54):
there's nothing equal up.
Speaker 3 (16:55):
In the and nature. Yah, nothing is equal in the universe.
The n Necro Americans the only community that seems to
(17:21):
need a crutch comatic. You don't hear the need to make.
Speaker 6 (17:34):
Indonesian people equal to white people. You don't hear a
need to make Aging people a community equal to white
You don't hear any equity any ethnic group spoke of
(18:01):
needing to be equal to whites, as though black walls
we never existed where blacks were earning more, wealthier, more
(18:23):
than whites.
Speaker 3 (18:26):
That's why called what's called black lawsuit.
Speaker 6 (18:35):
But it's a mental imaging that's being employed against the
black community. Is it's not It's not just wrong, it's
so detrimental, and I think it's not profectually to keep
(18:58):
the mental image that blacks are behind whites.
Speaker 3 (19:03):
And you can only make a brown or become quote
unquote equal.
Speaker 6 (19:15):
Do some through some outside resources outside of the black community,
and that kind of feeds into a situation.
Speaker 3 (19:37):
Look a look at the.
Speaker 6 (19:38):
White and black media household net worth from nineteen eighty
nine to twenty to twenty twenty two. Those of you
who are able to see, you see that.
Speaker 3 (19:52):
It ain't good. It ain't good.
Speaker 6 (20:04):
The white medium network is maybe two hundred and eighty
thousand round about if you could hit in twenty oh seven,
I think twenty or eight. I think that might have
been dot Com maybe. But if you look at Black.
Speaker 3 (20:32):
Median nineteen eighty ninety two twenty twenty two, it's been
relatively meandering.
Speaker 6 (20:45):
Under fifty thousand, maybe at forty thousand at the time
of this chart.
Speaker 3 (20:58):
Not any.
Speaker 6 (21:00):
Great ups or down, just lazily me anderinging alone.
Speaker 3 (21:13):
No.
Speaker 6 (21:15):
Sounding of the alarm, no seeming any impetus to like improved,
maybe because no one is signing the alarm or pointing
out that this is a serious issue.
Speaker 3 (21:39):
And one has to ask why.
Speaker 6 (21:46):
No one is in the black community is sounding its alarm.
Because you want to talk about catching up to the
Caucasian you gotta do better than this, I mean a
(22:07):
lot better. We're not apparently not even trying. But we
look at the white and Black supplement of poverty measure
rates from twenty or nineteen twenty twenty two kills an
(22:30):
even more disturbing story that we are doing better than whites.
Speaker 3 (22:40):
But it is in.
Speaker 6 (22:43):
Complement assistance. Even through the COVID period, Whites have been
from twenty or nine fairly even slight decline.
Speaker 3 (23:03):
Coming around.
Speaker 6 (23:06):
Twenty sixteen twenty seventeen, but never below, never above really
eleven percent. Blacks, on the other hand, have been in
(23:27):
an upper percentile towards twenty twenty five percent at the
beginning of twenty or nine to drop to nearly eleven percent.
Speaker 3 (23:43):
Twenty twenty one, and spike literally spiked back up.
Speaker 6 (23:51):
To twenty twenty two. And that's in some mental poverty matters.
Not want to celebrate Christie did even further. This is
(24:11):
a pre Research Center POLD When it asks the percentage
of Black adults in the US who say that they
currently do not have or have enough income to lead
the kind of life they want.
Speaker 3 (24:30):
Two thirds of Black.
Speaker 6 (24:32):
Americans say that they do not have enough money to
live their life that they want. And this is through
throughout all ages and incomes. College grass fifty six percent
(24:52):
say they do not have enough with some college seventy
two percent lower income. Of course they they will say
that they done. Eighty two percent ages eighteen to forty nine,
seventy three percent, fifty years and older sixty percent say
(25:13):
they do not have enough money live the life they want.
Speaker 3 (25:20):
That's another question. The percenten is of.
Speaker 6 (25:22):
Black adults in the US who say they need less
than one hundred thousand, more than one hundred thousand per
year in order to lead the kind of life they want.
Forty percent Black adults say they need to earn one
hundred thousand or more annually.
Speaker 3 (25:49):
On the problem is.
Speaker 6 (25:53):
P resurch s ass just sixty six six percent of
Black adults in the US even earn one hundred thousand.
That being the case is kind of unrealistic to have
(26:14):
a number in your head that listens six percent in
your community attained.
Speaker 3 (26:23):
One hundred thousand a year and this is what they
think they need.
Speaker 6 (26:32):
Why not ninety? Why not sixty? Why one hundred thousand?
(26:52):
When you look at black median income as a family.
This comes from the Black Demographics dot Com and they
get their information in this case from the US Census.
(27:13):
This is in twenty twenty two, twenty twenty two. Okay,
married couples one hundred thousand. Now you can get one
hundred thousand, two people one hundred thousand and six, one
(27:34):
hundred and forty married, no man, no wife, fifty seven thousand,
just under sixty thousand meeting income woman no husband forty
four thousand, two hundred and sixty four.
Speaker 3 (27:59):
That's a woman with no husband in the income.
Speaker 6 (28:08):
When you look at the Negro American income from nineteen
sixty seven to twenty eighteen, something very interesting I.
Speaker 3 (28:16):
Want to highlight. It goes. It goes from under eighteen
thousand way up to twenty thousand plus.
Speaker 6 (28:27):
Right, the.
Speaker 3 (28:36):
One hundred and fifty thousand uh relative is consistent.
Speaker 6 (28:44):
With the two hundred thousand more two percent three percent,
the one hundred and fifty thousand, two thousand two percent.
Speaker 3 (28:57):
Four percent.
Speaker 6 (28:59):
Okay, you say that not enough, but again, there's more
black millionaires and billionnaires in the United States anywhere in
the world.
Speaker 3 (29:10):
Fact not back up, which is richis country? Right?
Speaker 6 (29:18):
Could do a lot better, for sure, But what if
we would talk that based a fact that that are
black millionaires more in this country than anywhere in the world. Okay,
(29:39):
So the interesting part of this middle class this is
nineteen sixty seventy two to go up to thirty six
percent in twenty eighteen, but every other class below that
don't going down. Out the income has gone down working
(30:06):
class from thirty two percent to twenty five percent. Those
earning twenty five thousand and fifty thousand, those earning fifteen
twenty five thousands of working class are working for definitely
took it here from eighteen percent to thirteen percent, and
the under fifteen thousand definitely not as big as here.
(30:29):
But twenty seven to nineteen has not improved. But aren't
those people that partisans supposed to be so targeting the benefit?
Speaker 3 (30:47):
Aren't they? Just look at Black women and men employment status.
Speaker 6 (31:02):
Total men and women sixteen years and older Black women
and sixteen point nine million Black men, fifteen point one million.
Speaker 3 (31:15):
Full time, year round working black women, seven million Black
men six one seven part time.
Speaker 6 (31:29):
Less than a year black women three point nine Black
men three point one.
Speaker 3 (31:39):
Nor early's at all dumber year black women six million
Black men five ninth grade. I will tell you why
(31:59):
this is more than concerning with the growing ever.
Speaker 6 (32:08):
Expansion about the feminized culture in our country and the
exalting of the female, the woman egos.
Speaker 10 (32:20):
To the determinent of the male culturally is concerning. It
is extremely concerning when you look at the Black community again,
it's a whole notion of equalization.
Speaker 6 (32:41):
The women got be equal to the man, but genetically, physically, emotionally,
everything we were not built to be equal. Nothing is
in nature is built to be Apples are apples to
(33:06):
anything even in his own species. Even twins identical twins
are not equal.
Speaker 3 (33:18):
But this is what.
Speaker 6 (33:22):
The popular notion, the progressive agenda. It's one one to
turn water rain water upside down, so it goes up
rather than down. When you look at blackness wages by education,
(33:51):
it's just telling. It's a medium weekly earlies up to
the twenties uh twenty two second quarter less than high
school diploma. This is black versus general population of America
(34:13):
five hundred sixty two compared to Jenner population six hundred
and twenty six. So in every dollar black, let's get
ninety cents high school graduate, no college. This is Black
(34:34):
community in general versus the community at large. Seven hundred
and eight compared to eight hundred and nine. That's eighty six,
I mean, eighty eight cents out of the dollar.
Speaker 3 (34:49):
Some college, no.
Speaker 6 (34:50):
Degree seven hundred and fifty seven compared to eight hundred
and ninety nine.
Speaker 3 (34:56):
That's eighty four six out out of the dollar.
Speaker 6 (35:00):
Advanced degrees thirteen hundred and sixty compared to sixteen hundred
and fifty eight.
Speaker 3 (35:06):
That's eighty two dollars. I'm eighty two cent out of
eighty dollars. Separate black men and black women.
Speaker 6 (35:15):
This look at black men compared to all men less
than high school diploma. It's five hundred and ninety seven
compared to six hundred and eighty four. That's eighty seven cent.
Associate degree eight hundred and ninety nine compared to eleven
hundred and three eighty two dollars. I'm eighty two cents.
(35:37):
Advanced degree fifteen hundred and sixty one compared to nineteen
hundred and ten eighty two cents out of dollars. Black
women versus women at large less than high school diploma
five hundred and thirty two compared to black male five
(35:59):
hundred ninety seven.
Speaker 3 (36:01):
Women at lawns five one hundred and fifty.
Speaker 6 (36:07):
Ninety seven cent out of the dolls compared to the
black mail eighty.
Speaker 3 (36:12):
Seven cent out of the dolls.
Speaker 6 (36:16):
Interesting right Associate degree seven hundred and thirty six the
woman compared to women at Lawrens eight hundred thirty six
(36:37):
compared to the black male eight hundred ninety nine. Advanced
degree twelve forty eight compared to women at lawns fourteen
sixty compared to the black male fifteen sixty one. Quality
(37:00):
hear that because men and women do different tasks. Many
women choose different career paths. When you think of teacher,
when you think of nurse, who when you think of.
Speaker 3 (37:16):
Caregiver. There's there's some men in those fields. But who
you What gender do you see more? And what gender
comes to mind automatically? It's a female when you think
a soldier, when you think of construction man, when you
(37:39):
think of.
Speaker 6 (37:41):
A welder, when you think of an explorer, a builder,
a fighter.
Speaker 3 (37:56):
Yeah, maybe some women in those occupations. But what gender
do you see.
Speaker 1 (38:04):
More?
Speaker 3 (38:04):
Fundanly in which one comes to mind? Quicker? What gender
has the most heroes depicted? Mail mayil We're different.
Speaker 6 (38:29):
God made us different to fulfill different tasks. Can't get
around that, but they are trying. Individual income. This is
(38:50):
twenty twenty two inflation. That's just the dollars for capital
Blacks twenty nine and eighty four eighty five compare to
whites forty nine thousand, almost fifty thousand.
Speaker 3 (39:07):
Mini inc minion earnings male full time.
Speaker 6 (39:12):
Worker fifty thousand compare to sixty ninety ninety seven almost seventy.
Speaker 3 (39:17):
Thousand for the whites. Women full time forty four.
Speaker 6 (39:23):
Thousand, one hundred that you want compare to white female
fifty five thousand, thirty five. There's a gap. Now you
can look at it and say, where there's a few blacks,
(39:44):
they're whites. That would be fair, That be fair, But
that's not the reason for the great is barely. If
it were, we're going to be having some conmer sage
and pounds to black wealth more zero. But when you
(40:06):
look at households with retirement income, blacks twenty one percent,
community at lost twenty four households with Social security twenty percent,
Blacks properly something a whole.
Speaker 3 (40:26):
That's insort thirty one percent.
Speaker 6 (40:28):
Households with SNAP or food steps household government catch up
assistance four percent blacksky, I mean they at large three percent?
Speaker 3 (40:43):
So what is just tell us Blacks are losing, Blacks
are not.
Speaker 6 (40:56):
Saving four timing, and blacks are disportunately oncoming from any assistance.
It's not even close. And let's not forget we are
(41:17):
we occupy a smaller number in population on SIS percent
on SNAP food stamps. Really, but when it comes to
time income with twenty one center compared to twenty four percent.
Speaker 3 (41:37):
Problem And y'all know my disdain for the Democrat Party
and how I view the.
Speaker 6 (41:51):
Almost battered white sent relationship that that Lego American community
has with the black with with with the Democrat Party.
Mm hmm. There's no benefit, no benefit for the relationship
to even exists. But this is the mental fuck that
(42:14):
we have been dealing with since the nineteen sixties and
I don't see it change anytime soon without a serious,
serious enema. When you look at this graph since Truman
(42:34):
to Trump first term, you can see that that there's
an issue, not since JFK and LBJ, and you could
say that that's that that was due to the creation
(42:55):
of welfare stay particularly under the LBJ, and more government
taking the space in the private sector. There was an increase.
There was an increase under Truth, and there were some
(43:18):
decreases during Republican administrations, particularly Bush, but overall, and there's
an increases under Clinton. But since Clinton, Democrat Party had
shown had been the period that blacks didn't farewell economically,
(43:45):
particularly Obama. Not there's uptick in the later term of Obama,
but keep in mind that was a Republican led Congress.
(44:05):
Numbers don't lie, Numbers don't lie, and that's just had
a serious negative impact.
Speaker 3 (44:18):
On black lives in this country. What goes on politically.
Speaker 6 (44:25):
Because Blacks put so much value in the vote unlike
any other ethnic group. So you put all your eggs
in one basket. In regards to political capital, you should
(44:46):
want to get more juice by of the orange than
what we're getting. The web gap grows. This is from Actios.
Non Hispanic whites account for about sixty two percent of
(45:07):
Americans but control eighty four percent of national wealth. This
comes from Federal Reserve Black Americans, who represent more than
twelve percent of the population.
Speaker 3 (45:18):
I think that's under expression, but we'll go with that.
Speaker 6 (45:29):
Only only three point three point three point four percent
of countries well per the Federal Reserve.
Speaker 3 (45:40):
That's down from four point seven percent in twenty seventeen.
Speaker 6 (45:50):
Black Americans had just three hundred and thirteen billion dollars
in the stock in mutual funds as of the third
quarter in twenty twenty four, uh a mey of three
point four percent in seven years. Why the masters, on
(46:14):
the other hand, have forty one trillion dollars in the
stock market wealth ninety one percent over the same period.
Problem problem, When you look at things that build wealth,
(46:51):
you gotta start with education.
Speaker 3 (46:56):
That's again a.
Speaker 11 (46:57):
Lagging bachelor degrees from between twenty one to twenty twenty
two ten point four percent for a Negro.
Speaker 3 (47:09):
Down down from ten eighteen eighteen percent, and.
Speaker 6 (47:28):
During the twenty twenty twelve and twenty thirteen period compared
to agents, whereas is at seven to eight point nine
percent in the same period the Spanish ten point five
(47:49):
to seventeen percent in the same period.
Speaker 3 (47:53):
Watch fell some Negro men and women in the liberal
force compared to according to the census twenty one.
Speaker 6 (48:20):
As I mentioned or how many issues. But when you
look at as you did, the disparity in regards to
the black male and the female in the workforce, you
have to look at also and when you saw about
(48:45):
high school attainment, you can see there's an issue. There's
an issue when when you look at what someone earns.
Speaker 3 (49:02):
With the bachelor's degree and compared to what you earn
with this of the parma. But we look at bachelor
degrees or ethnic groups.
Speaker 6 (49:15):
Of course whites is gonna be up there, but blacks
again at the bottom, showing no real improvement from twenty
thirteen to twenty two. But no one's starting to be along.
(49:47):
And we got home ownership again. Wise, home home ownership
or an issue because that's where generation well begins with
owning property, owning homes.
Speaker 3 (50:10):
Yeah, blacks never got above forty yea during the periods
of nineteen ninety five to twenty twenty I guess first
quarter nineteen ninety four to fourth quarter twenty twenty four.
(50:34):
They just never got about fifty percent.
Speaker 6 (50:40):
Compared to the whites. They started seventy percent and all
at about seventy four point four percent. To say said,
compared to the Negro six four home ownership chef us
(51:09):
households that don't have a bank account. Again, if you're
not involved in the financial system, there's no way you
could benefit from it. If you don't have a bank account,
(51:32):
how can you do business? How can you work in
a Catholic society? Kan's chef us households that do not
have a bank account byberates ethnic groups thirteen percent. What's
(51:59):
what's the high for blacks and this is from twenty
nineteen to twenty twenty three, ten point.
Speaker 3 (52:11):
Six percent do not have a big account. Hispanics nine
point five percent.
Speaker 6 (52:17):
But you've got agents and whites they're literally tied currently
to Asian two percent Whites from one point nine agents
of beaten whites. But that se seeking your here for
a moment. This is stubborn. Stubborn to me. We've got
(52:40):
workforce participation, incredible public workforce.
Speaker 3 (52:47):
Put this participation compared to private sector.
Speaker 6 (52:53):
For people that's supposed to have been trying to kill
up the plantation away from the white man. We are
taking a lot of space in the public sector relative
to any other ethnic group. We've got non Hispanic whites
fifty fifty three point three percent in the federal public sector,
(53:20):
private sector fifty six point eight non Hispanic Blacks nineteen
percent in the public space compared to eleven eleven point
one percent in the private space. Hispanics at any race
fourteen point three percent in the public space compared to
(53:41):
twenty point five percent in the private nineteen compared to
eleven percent. We love bringing up under the man. Now,
am I saying everybody that was the government bad? No,
(54:05):
that's not the point. That's not That's not what I'm
trying to say. But where do individualism throughout? Where is
entrepreneurship encouraged?
Speaker 3 (54:20):
Where is being.
Speaker 6 (54:23):
Your own fosse encouraged? Where in the where in the
in the Where is the individual spirit more exalted.
Speaker 3 (54:40):
In the private sector? But that's not where you can find.
Speaker 6 (54:45):
Majority or blocks. Where has the most money for individuals
made private sector m HM. In cultivation, of course, we
(55:05):
had to look at this in cultivation lembit's potential and
blocks access and jobs, credit, housing and.
Speaker 3 (55:13):
Education for the entire family. This is where we are
Black prisoners by our offense.
Speaker 6 (55:23):
Estimated numbers of since prisoners under state jurisdiction by offense.
Speaker 3 (55:30):
And this is in December thirty one, twenty oh nine.
Speaker 6 (55:36):
Click offense Blacks twenty one point one percent of inmates
compared to seventeen point eight. Robbery eighteen point nine compared
to thirteen point six.
Speaker 3 (55:58):
Property.
Speaker 6 (56:02):
Fifteen point two percent compared to nineteen point two so
or murder, murder fourteen point four percent compared.
Speaker 3 (56:18):
To thirteen.
Speaker 6 (56:23):
That's from a population of people that and it's said
to be twenty percent of the population.
Speaker 3 (56:33):
Completely out of whack. Look at federal and state prison
and cultivation. This is from two thousand to twenty ten.
It's interesting about this.
Speaker 6 (56:53):
In two thousand, black population male five hundred and seventy
two thousand, nine hundred by twenty ten or five hundred sixty.
Speaker 3 (57:07):
One four hundred thousand, four hundred, but women.
Speaker 6 (57:20):
And two thousand it was thirty seven thousand, four hundred
and it dropped to twenty six thousand, six hundred. That's
fascinating to me, Like what happened. What message got up
(57:44):
into the community that led to such a huge, huge
decrease in women Black women populating prison in state prisons,
(58:05):
federal and state prisons that the male didn't get Interesting
to me. I think it's interesting. But when you look
at this, you have to look at the war on
drugs from the eighties, nineteen eighties to the nineties.
Speaker 3 (58:28):
And what's interesting when you look at the percentage.
Speaker 6 (58:30):
Of men never married prior to and we go way
back to eighteen ninety, prior to the nineteen sixties, was
we're to be high flooding with ten percent and above.
(58:58):
Then came nineteen sixties lb J.
Speaker 3 (59:06):
And the war on property. Everything went up the rails.
Speaker 6 (59:15):
Those of you who have been following me, y'all know,
I know again no love for differ, that party different,
no love for LBJ, And in nineteen sixties.
Speaker 3 (59:23):
Was an inflection point like no other.
Speaker 6 (59:31):
Everything is goes downhill for the black community, particularly politically speaking.
And when you look at this graph and other graphs
there's one thing when it comes to the Black community.
Speaker 3 (59:53):
Going off the rails. It's nineteen sixties, particularly in nineteen
sixty four sixty five, and it happened here. Black men
in prison start going south north, black men never married
(01:00:20):
start going north. Numbers on why.
Speaker 6 (01:00:30):
Cultural oppressures of this this, this is a big one.
Anti achievement and street crad the labeling efforts as acting
whites acting white. Studies like Foredom and Uncle in nineteen
(01:00:53):
eighty six observed that Black students in inner city schools
sometimes they appear ridiculed for selling academically, as success was
seen as a betrayal of group identity. Hip hop glorification
(01:01:14):
of violence and fast money. While hip hop is an
art form with diversity, the mainstream commercialization of gainst the
wrap as of them promoted wealth through crime, work dealing, scamming,
anti police, anti authority attitudes, misodogny, hyper masculinity and materialism.
Speaker 3 (01:01:39):
Loss of positive mayor role mayor models in media and
real life young men. May I did.
Speaker 6 (01:01:46):
Idealize rappers, athletes and hustlers over teachers, engineers or businessmen,
shaping career aspirations and damaged and damaging ways. Who can
say it against that, particularly when you look at the
(01:02:07):
news on any given day you see young black men
and some women feature prominently in a very negative fashion.
Look at the streaming channels with black on black crime
(01:02:36):
grossly promoted in the fast life of gangsterism and drug culture.
Speaker 3 (01:02:51):
And hip hop.
Speaker 6 (01:02:54):
Has always been that way. Should look at Game Plus
came out. You didn't have any of this, MC light,
you didn't have any of this. Even Queen are Cheaper
when you first got in, didn't not have any of this.
In Republic, enemy didn't have any of this. Even when
(01:03:15):
it came to.
Speaker 3 (01:03:19):
M w A, it wasn't like this. If if he'll
talk about what the intent was with the means, it
was to shine light on what was going on in
the inner city, scream for help. It's far from that today.
(01:03:42):
What changed.
Speaker 6 (01:03:47):
Explosion of single parent homes and it's something that I
well against as well. Reduce economicstability to parent households have
more income, wealth accumulations, and time for child investment. Father
absence leads to increased risks of poverty, behavior problems, involvement
(01:04:09):
in crime, lower academic achievement, psycho generational poverty.
Speaker 3 (01:04:14):
Children from father.
Speaker 6 (01:04:15):
Absent homes often repeat the pattern, making wealth building nearly impossible.
Speaker 3 (01:04:22):
Black Americans have the highest.
Speaker 6 (01:04:26):
Out of wedlock's birth among any demographic group in the US,
with wealthy sixty five to seventy seventy percent of Black
children born to senior mothers in recent decades. The collapse
of the family is a fundamental problem, says Tom of Soul. Yeah, no,
(01:04:49):
I'm such a man quesse from this man economic genius.
So let's look at the statistics with this.
Speaker 3 (01:05:05):
I'm trying to get it. That's okay, Yeah, there you go. Ah, okay,
I'm trying to show you how seven.
Speaker 6 (01:05:22):
Forty two percent of black children are born to a
single mother compared to seventy percent in the population of law.
I don't know, that's not coming up anyway. We want again,
Once the point of time, black women was more likely
(01:05:42):
to be married than whites, and this craft goes back
to the eighteen nineties and again this all went south.
Speaker 3 (01:05:53):
In the nineteen sixties, late nineteen sixties, and so.
Speaker 6 (01:06:00):
Too, the black men were more likely to be married
than a white man un child in nineteen sixties.
Speaker 3 (01:06:11):
Accident. Oh that's not rap. It's one place. Yeah, two
parent households for for for black living rooms for the child.
Statistics statistically forty percent.
Speaker 6 (01:06:28):
For the black child two parents, mother only forty six
percent compared to the population.
Speaker 3 (01:06:34):
A loss seventy percent.
Speaker 6 (01:06:37):
Of children growing up up outside of the Black community
of growing up in the two parent households compared twenty
one percent mother owned. The foundation is not grounded positively
for children growing up in the Black community. So them
(01:06:58):
being them them grown up to be stellar citizens. It's problematic.
But this whole notion of the AH putting the woman,
(01:07:22):
particularly Black women, on a pedestal that she is not
built for. That is leading the home. Not to say
that women can't do. But the man, he is the
leader of the home, so called the king of his castle.
(01:07:45):
We started graphic. In regards to economics, it's indisputable and
here's some statistics. The statists are gridmar When comes to
the Negro American women, many reports have shared light on
(01:08:06):
the fact that again it's not about the income.
Speaker 3 (01:08:12):
For her all the mail is the network. The network.
Speaker 6 (01:08:20):
If you are earned one hundred thousand dollars, but you
have nothing of value to show for that grows that
you can hand down the generations, it means nothing. Many
too many in the black community must rather look rich
(01:08:43):
than be rich, and the different for being rich and wealthy.
Speaker 3 (01:08:48):
And going to that. Many reports have.
Speaker 6 (01:08:50):
Shared light again on the dismal nique between education and network.
While Black women are being applauded for being the most
educated demographic in the United States, there's a host reality
that undermines this announcement.
Speaker 3 (01:09:04):
Net Worth still remains low.
Speaker 6 (01:09:08):
Single Black women with a bachelor's degree ages twenty to
thirty nine have a median net worth.
Speaker 3 (01:09:14):
Of eleven thousand dollars.
Speaker 6 (01:09:20):
To zero negative eleven thousand, I'm sorry, negative eleven thousand
to zeros, while the white woman has a networth arranging
them from thirty four hundred to seventy five hundred.
Speaker 3 (01:09:32):
The ages twenty to thirty nine.
Speaker 6 (01:09:34):
Married black women the bachelor's degree ages twenty to thirty
nine have a median networth of negative twenty thousand, five
hundred to seventy seven hundred dollars, while the white women
have a networth of eighteen thousand, seven hundred dollars to
ninety seven thousand dollars. A Black woman with a bachelor's
(01:10:01):
degree over sixty has the medium network of eleven thousand dollars,
while a white woman has a network of three hundred
and eighty four thousand, four hundred dollars. Married black woman
with a bachelor's degree over sixty have a medium network
(01:10:21):
of four hundred and twenty four thousand. That's pretty good, right,
while the white woman has the network of seven hundred
and seventy eight thousand.
Speaker 3 (01:10:40):
What's a solution?
Speaker 6 (01:10:42):
We have two change to conversation to them, from working
harder to working smarter. The harder you work for someone else,
the more taxes for your subject to pay. I'm not
talking about income taxes. There are lifestyle taxes that commutes
(01:11:06):
communities of color disproportionately.
Speaker 3 (01:11:09):
Paid that no one really talks about, says J. D. Smith.
It's a calcual based wealth coach wealthy women daily growth.
Speaker 6 (01:11:25):
We have to be equipped with the knowledge to transform
the income we make into wealth we can keep. Your
money has to start working for you if you want
to build wealth unquoath.
Speaker 3 (01:11:42):
Don't blame racism. We're always here, ah because I'm black.
All the man's army, the man keep me down.
Speaker 6 (01:11:49):
Those are all all mental conditions of negativity, and it
prummeates the black culture leads to the anti achievement mentality
leads to the self detegration of one's culture and one's self.
Speaker 3 (01:12:12):
But if it is a race issue, if it is
an issue with the colored.
Speaker 6 (01:12:16):
Skin, why is the Indian American one hundred and forty
seven thousand and meeting household income in twenty three? High
educational attainment stem focus. They're not Jillian now even my
black people black people Jillian Blue Black sixty eight thousand
(01:12:43):
to seventy five thousand, media incomes? Why hot college graduate
ways Chinese ninety five thousand meeting household income twenty twenty three,
strong family networks, high savings like American fifty fifty two thousand.
Speaker 3 (01:13:09):
Hi, I'm drumming, lowest asset face.
Speaker 6 (01:13:15):
Jay Riley, author, please stop helping us, says, the difference
isn't race, it's culture, family and values.
Speaker 3 (01:13:31):
When you look at the income amount of racists Asians
top whites.
Speaker 6 (01:13:39):
One hundred and eleven thousand, eight hundred and seventeen income
if you if you're from Ghana eighty four thousand top whites.
Speaker 3 (01:13:53):
Whites is at eighty three Nigerians eighty thousand, seven hundred.
Speaker 6 (01:14:02):
Total in America is seventy seven thousand, seven hundred and nineteen.
According to this Black Black so trailing the bottom of
everybody at fifty barely fifty three thousand. Okay, I can
say I almost almost fifty four thousand, but still raised
(01:14:25):
into the blame why immigrants immigrants are performing US. Okay,
we could say that that there's some selective migration. Immigrants
are often self selected for ambition and education, manyal doctors, engineers,
(01:14:47):
or students upon arrival. Stronger nuclear family norms Nigerian Athens,
for example, often maintained tight.
Speaker 3 (01:14:56):
It's then the families pull in resources.
Speaker 12 (01:14:59):
And if it's an education high expectations and discipline many
immigrant cultures, is still a work first achievement, duran mentality
in children.
Speaker 3 (01:15:14):
Les's historical baggage.
Speaker 6 (01:15:16):
Of course, newer immigrants have it internalized, so called four
hundred years of oppression. I'm gonna stop there because that's again,
that's that mental fath.
Speaker 3 (01:15:30):
It's not four hundred years. Do the math.
Speaker 6 (01:15:35):
Compare this to blacks into generation trauma, long standing systemic exclusion,
cultural facultation. That's a big deal. Fewer community based businesses,
that's a bigger deal.
Speaker 3 (01:15:50):
No, No, I'm not like I said.
Speaker 6 (01:15:51):
It's a bigger than difficultural fragulentation because family and culture
is definitely the bad rocket of any strong society WIS coast,
But the lack of financial education is compounding effect.
Speaker 3 (01:16:14):
Indispeedable.
Speaker 6 (01:16:16):
After twenty twenty two, only thirty three percent of Blacks
households on stocks compared to sixty one percent of.
Speaker 3 (01:16:25):
Lights White households better reserved low supports to financial tools.
Speaker 6 (01:16:31):
Many Black Americans, especially those ways in low income under
bank and now banking, receive little to no education about credit.
An transrapis compounds savings and investments with tirement plans for
one of case ioas tax strategy so as asset my protection.
Speaker 3 (01:16:51):
Home ownership of mortgage literacy.
Speaker 6 (01:16:54):
This often leads to debt traps, low investment participations amongst
Blacks who are certifically under represented in the stock market financially,
financial vulnerability to mergency.
Speaker 3 (01:17:10):
Scams or inflation. Failed to build or transfer generational wealth.
Speaker 6 (01:17:20):
You want to get ahead generationally and not have to
worry about your your net worth going to zero.
Speaker 3 (01:17:28):
You've got to learn.
Speaker 6 (01:17:30):
How to create and grow your wealth that could be
handed down to your next generation.
Speaker 3 (01:17:38):
Black families are touris for not thinking about it.
Speaker 6 (01:17:43):
Black families are just disupportionately first generation metal class even
college educated, profess professional often support. It's than the family
members financially graduate with more student debt, don't inherit down
payments of family assets. So while they may earn good money,
(01:18:08):
they have let's margin, that's capital and more responsibility which
flows stalls wealth accumulation.
Speaker 3 (01:18:21):
The Bible says preachers work for your next generation, hand
down legacy. Black communities aren't doing them problem.
Speaker 6 (01:18:42):
No financial modeling at home, but child never sees payments,
but they invest in saving for a time.
Speaker 3 (01:18:49):
It discuss insurance or taxes. How do you think they
are going to do that when they get older.
Speaker 6 (01:18:56):
Matters of how money works is one of the most
powerful and unequal.
Speaker 3 (01:19:02):
Forms of inheritance advantage.
Speaker 6 (01:19:08):
And don't let that one point four trillion buy and
buying power that you keep caving about and I have
alluded to in my conversations, But that's difference between wealth
accumulation of wealth, wealth buying power and wealth.
Speaker 3 (01:19:27):
Buying power and wealth too totally distinct things.
Speaker 6 (01:19:34):
We spend more money than anybody, but wealth refers to
access homes, thocks, business savings minus liabilities such as death loans, mortgagists.
The medium wealth of black families in twenty twenty two
was around forty four thousand, nine hundred compared to twenty
(01:19:57):
compared to two hundred and eighty five thousand white family.
Speaker 3 (01:20:00):
This total Black shell US household wealth was.
Speaker 6 (01:20:03):
Just three point four as a Missigani poor, despite Black
Americans making up thirty percent of the population.
Speaker 3 (01:20:14):
Yes, in twenty twenty, the Seiley Center, as.
Speaker 6 (01:20:16):
I mean the black spending power, spending power at one
point sixty twenty.
Speaker 3 (01:20:26):
And that's up from three and twenty just in nineteen ninety.
But wealth and buying power, it's not the same.
Speaker 6 (01:20:44):
So when you look at the economic demise forecast for
the American.
Speaker 3 (01:20:49):
People, black people in particular, you all starts at home.
Speaker 6 (01:20:59):
All starts with state of mind in all social education,
and it starts with the culture.
Speaker 3 (01:21:09):
The issues is not from outside the Black American community.
The call is coming from within the home. It is
about us.
Speaker 6 (01:21:27):
If we consistently and continually exists in an eco chamber
of negativity, what you can't do.
Speaker 3 (01:21:40):
The outcome is going to be.
Speaker 6 (01:21:45):
Unavoidable until that changes, Until that changes the Black American
It's gonna be in a world Okay.
Speaker 3 (01:22:09):
That has to change before I leave. Definitely want to
remind you hit me up on all of your.
Speaker 6 (01:22:19):
Social media platforms, follow me, like me, reach out to me,
Tony l that project that I Open dot Com, Tony
Air that project THATI Open dot Com and I look
forward to end from each and every one of you
until next time, Be good, be blessed, and be free.
Speaker 2 (01:22:56):
Thanks for listening to today's show, and don't forget to
liken to subscribe to this podcast and look for Project
Thirdeye Open on your favorite social media platforms. Check out
our web page at Projectthirdiopen dot com and that's third
I with the letter I Projectthirdiopen dot Com. Drop us
(01:23:16):
a note at tonyel at Projectthirdiopen dot Com. That's tonyel
at Projectthirdiyopen dot Com. As you wait for our next
podcast to drop, don't take anything we've satisfack. Instead, do
your own homework, make up your own mind, then take action.
(01:23:36):
Until next time, Be blessed, be good, and be free.
Our founding fathers here in this country, brought about the
only true revolution that has ever taken place in man's history.
Evolve the idea that you and I have within ourselves,
the god given right and the ability to determine our
own destiny.
Speaker 2 (00:15):
The United States of America, the greatest nation in history,
ordain by our founders to be guided by divine providence,
but today we are witnessing the orchestrated disintegration of America.
Take a few seconds and take a look around your town,
your state, look at your country and your world, and
(00:39):
boldly ask what in the hell is going on?
Speaker 1 (00:43):
But freedom is never more than one generation away from extinction.
We didn't pass it on to our children in the bloodstream.
The only way they can inherit the freedom we have
known is if we fight for it, protect it, defend it,
and then hand it to them with the well talked
let'stions of how they and their lifetime must do the same.
Speaker 2 (01:02):
Welcome to the podcast project Third Eye Open, where we
dare to question with boldness the events that are unfolding
around us that others won't. At the end of the day,
it is we the people who will decide the destiny
of the nation. Now introducing your host, Tony L.
Speaker 3 (01:32):
Gordon.
Speaker 4 (01:33):
We're the basketball team. All I see is you own
TV getting famous eating that all you see, It's all
I'll see. Well, let me tell you what I see.
Speaker 5 (01:46):
I see a system that's designed for you to failure.
Speaker 3 (01:51):
Now, I know you all like stat so let me
give you something.
Speaker 5 (01:54):
Richmond High only graduates fifty percent of its students, and
of those that do graduate, way only six percent to
go to college. Which tells me when I've walked down
these halls and I look at your classrooms, maybe only
one student is going to go to college, goes God.
Speaker 3 (02:14):
If I ain't going to college, well I don't go.
Speaker 5 (02:17):
Now that's a great question and the answer for young
African American men.
Speaker 3 (02:23):
And here is this, probably to prison. In this county.
Speaker 5 (02:29):
Thirty three percent of black male between eighteen and twenty
four get arrested.
Speaker 3 (02:37):
So look at the guy on your left, Now look
the guy on your right. One of you is going
to get arrested.
Speaker 5 (02:46):
But going up here in Richmond, you're eighty percent more
likely to go to prison than college.
Speaker 3 (02:54):
Those are the numbers. Those are some stats for you at.
Speaker 6 (03:00):
Now ORTINGO, Wow, I'll tell you that Rube came out in.
Speaker 7 (03:15):
Twenty oh five, and it's like it came out.
Speaker 6 (03:26):
Yesterday, because one could argue that there is a system
that has been developed to keep.
Speaker 3 (03:40):
Not it's Negro Americans down, but those who.
Speaker 6 (03:49):
Love freedom, those who love this country.
Speaker 3 (03:57):
One cremnia faility argument with that.
Speaker 8 (04:04):
And a lot That is what on we talked about
today in regards to the community that those who African American,
because that's not really sustains African American.
Speaker 3 (04:17):
African Africa is a continent, not a country. That's why
you don't.
Speaker 6 (04:22):
Necessarily see here Europeans being officially labeled as those who
do re locate here in America as European Americans, because.
Speaker 3 (04:33):
Europe is a continent. They referred to his wife or Caucasian.
Speaker 6 (04:42):
Joy that they referred to by their country, Italian.
Speaker 3 (04:47):
American, Furtish American. So for so wild that refer to
by the continent, So our wont our honestyle.
Speaker 6 (05:04):
We are slipping too referring to versus Black Americans, because
that's the most superable common description of us.
Speaker 3 (05:16):
But black is not a color. It's just like zero
is not necessarily number because it's zero. Black is black.
It is the void of color.
Speaker 9 (05:31):
But I think it too too fun to read with
you know, truisms when it comes to how we speak
and communicate with each other, inscribeer allow ours yet to
be described.
Speaker 6 (05:46):
First, Hey, I'm Tony al and you've experienced another podcast,
meditation and video vegentation of projects that I open. But
we don't seek to change what to thank you, no
from just the courage. It's never wanted you to both
both both the questioned question what's going on around here?
(06:15):
And before I go further again, I want to get
raised to the most high before that him, I will
not be here. I will not be I've been born
in the greatest country on the planet, and I will
not be doing in situmation to you. One could make
(06:43):
you bear your argument that there is uh a target
from the black on the backs of Negro American by
the beginning Man came out with the album.
Speaker 3 (06:57):
When I was in college, Kah the Takes of the
Nation of millions to hold us back.
Speaker 6 (07:05):
No one could make a very good argument that that
is exactly what has been brought upon us. We are
in the water of Earth as a people, as community,
like any other community, and I'm not going to that.
(07:29):
Why is the American negro silently silently on the path
to economic insolvency.
Speaker 3 (07:40):
Let's get to it. How many of you have seen
this article? I know of it.
Speaker 6 (07:59):
This is published in the Black Enterprise. As you see
the date July twelfth, twenty nineteen. It's after the base
of an article that was published or publication that was
(08:22):
published in twenty seventeen called the Road to the World Wealth.
And why am I pointing this particular article out is
because of well published Black Enterprise, well well life. And
(08:51):
you would think publications that was apparently targeted towards the black.
Speaker 3 (08:59):
Nico American talking about how their wealth is going to.
Speaker 6 (09:06):
Evaporate. And I mean, at this time of generation, you
would think that would be frut paced news. Yeah, if
(09:28):
if nothing else discussed in the black community, in the
black churches, in black gathering places from us so called
black intellectuals, I haven't heard of people. And that's maybe
(09:58):
even more concerned. But let's go on to this article.
It starts off by saying you can't have a glamorous
six figure salary, advanced degrees, and a executive title at
(10:19):
a large corporation and still be impacted by the negative
net worth virus. That is prevalent in black communities. According
to the Road to Zero Wealth Report, a published report
report published by Prosperity Now.
Speaker 3 (10:40):
And the Institute.
Speaker 6 (10:43):
For Particy Studies, the medium wealth of Black Americans will fall.
It's not even saying Mike fall, but it says will
fall to zero by twenty fifty if current try continue.
(11:03):
What are those current trends. It is too late to
turn the ship around, at least turn it to.
Speaker 3 (11:16):
Not go up the cliff.
Speaker 6 (11:21):
But after any situation, we first need to admit that
there's a situation and then put forth actions to correct it.
We haven't even gotten to the press part the listening forward.
(11:47):
I'm gonna point to some first the issue and give
my two cents, formative two cents of humbly say, and
how we can.
Speaker 3 (12:06):
Turn the ship ever so slightly with growth.
Speaker 6 (12:17):
Yet persistent disparity. This is from my article by the
c p R. This is the center which I got
so it's the Center for Economic Policy and Research. The
Black Americans expecs the most positive economic conditions and generations.
(12:41):
Record low unappartment rates, record low poverty rates, along with
the record high income levels and new heights of wealth.
With this these data points one could easily assume after
Negro American or experiencing broad prosperity. Yet deeper investigation reveals
(13:05):
that despite breaking numbers, Negro Americans are state admire and
great economic secured.
Speaker 3 (13:16):
From bullet points, median Black.
Speaker 6 (13:20):
Household wealth rose from post Great Recession low seventeen thousand
to around forty five thousand in twenty two. From sevent
nineteen seventy two to twenty twenty two, the annual Black
under permit rate average eleven point six percent. In twenty
(13:40):
twenty three, it was five point five percent, about half
the pigre average, and the record low rate. Medium Black
household income is at its highest point in a generation.
Since twenty eleven, black meeting household income has grown from
(14:02):
about forty one thousand to almost fifty three thousand, and
twenty twenty two, you near thirty percent entries Black medium
wealth or network that sets minus debts Black household household
(14:24):
wealth reeks nearly forty five thousand, more than double the
post Great Recession low of seventeen thousand.
Speaker 3 (14:35):
Senior in twenty thirteen. That's all good news, right that
there's the B side.
Speaker 6 (14:54):
Goes on to say in twenty twenty three, over one
point four million more Black people.
Speaker 3 (15:01):
What need to be working to match the employment rates
of white people.
Speaker 6 (15:08):
The job jobless costs of Black America roughly sixty billion dollars.
Black median income is nearly thirty thousand dollars lower than
the white median and still below the white median income
(15:28):
of nineteen seventy two at about forty five thousand. Black
median wealth keeps a large majority of African Americans sub
substantially distant from the one hundred and ninety thousand estimate to.
Speaker 3 (15:49):
Be the lower limit of middle past wealth.
Speaker 6 (16:01):
As you know there in twenty twenty three reports, still
they dream over five hundred years to black economic equality.
Speaker 3 (16:10):
That's that word again. Equality's an issue. But moved on.
Speaker 6 (16:18):
With all their advances made since nineteen sixty, the nation
is still moving at a glacial pace when it comes
to bridging black white inequality.
Speaker 3 (16:31):
If the country.
Speaker 6 (16:32):
Continues at the rate at the current rate, it will
take over five hundred years to bridge black white inequality,
for nearly eight hundred years to bridge black and white
rough inequality. The reason that word equality works itself because
(16:54):
there's nothing equal up.
Speaker 3 (16:55):
In the and nature. Yah, nothing is equal in the universe.
The n Necro Americans the only community that seems to
(17:21):
need a crutch comatic. You don't hear the need to make.
Speaker 6 (17:34):
Indonesian people equal to white people. You don't hear a
need to make Aging people a community equal to white
You don't hear any equity any ethnic group spoke of
(18:01):
needing to be equal to whites, as though black walls
we never existed where blacks were earning more, wealthier, more
(18:23):
than whites.
Speaker 3 (18:26):
That's why called what's called black lawsuit.
Speaker 6 (18:35):
But it's a mental imaging that's being employed against the
black community. Is it's not It's not just wrong, it's
so detrimental, and I think it's not profectually to keep
(18:58):
the mental image that blacks are behind whites.
Speaker 3 (19:03):
And you can only make a brown or become quote
unquote equal.
Speaker 6 (19:15):
Do some through some outside resources outside of the black community,
and that kind of feeds into a situation.
Speaker 3 (19:37):
Look a look at the.
Speaker 6 (19:38):
White and black media household net worth from nineteen eighty
nine to twenty to twenty twenty two. Those of you
who are able to see, you see that.
Speaker 3 (19:52):
It ain't good. It ain't good.
Speaker 6 (20:04):
The white medium network is maybe two hundred and eighty
thousand round about if you could hit in twenty oh seven,
I think twenty or eight. I think that might have
been dot Com maybe. But if you look at Black.
Speaker 3 (20:32):
Median nineteen eighty ninety two twenty twenty two, it's been
relatively meandering.
Speaker 6 (20:45):
Under fifty thousand, maybe at forty thousand at the time
of this chart.
Speaker 3 (20:58):
Not any.
Speaker 6 (21:00):
Great ups or down, just lazily me anderinging alone.
Speaker 3 (21:13):
No.
Speaker 6 (21:15):
Sounding of the alarm, no seeming any impetus to like improved,
maybe because no one is signing the alarm or pointing
out that this is a serious issue.
Speaker 3 (21:39):
And one has to ask why.
Speaker 6 (21:46):
No one is in the black community is sounding its alarm.
Because you want to talk about catching up to the
Caucasian you gotta do better than this, I mean a
(22:07):
lot better. We're not apparently not even trying. But we
look at the white and Black supplement of poverty measure
rates from twenty or nineteen twenty twenty two kills an
(22:30):
even more disturbing story that we are doing better than whites.
Speaker 3 (22:40):
But it is in.
Speaker 6 (22:43):
Complement assistance. Even through the COVID period, Whites have been
from twenty or nine fairly even slight decline.
Speaker 3 (23:03):
Coming around.
Speaker 6 (23:06):
Twenty sixteen twenty seventeen, but never below, never above really
eleven percent. Blacks, on the other hand, have been in
(23:27):
an upper percentile towards twenty twenty five percent at the
beginning of twenty or nine to drop to nearly eleven percent.
Speaker 3 (23:43):
Twenty twenty one, and spike literally spiked back up.
Speaker 6 (23:51):
To twenty twenty two. And that's in some mental poverty matters.
Not want to celebrate Christie did even further. This is
(24:11):
a pre Research Center POLD When it asks the percentage
of Black adults in the US who say that they
currently do not have or have enough income to lead
the kind of life they want.
Speaker 3 (24:30):
Two thirds of Black.
Speaker 6 (24:32):
Americans say that they do not have enough money to
live their life that they want. And this is through
throughout all ages and incomes. College grass fifty six percent
(24:52):
say they do not have enough with some college seventy
two percent lower income. Of course they they will say
that they done. Eighty two percent ages eighteen to forty nine,
seventy three percent, fifty years and older sixty percent say
(25:13):
they do not have enough money live the life they want.
Speaker 3 (25:20):
That's another question. The percenten is of.
Speaker 6 (25:22):
Black adults in the US who say they need less
than one hundred thousand, more than one hundred thousand per
year in order to lead the kind of life they want.
Forty percent Black adults say they need to earn one
hundred thousand or more annually.
Speaker 3 (25:49):
On the problem is.
Speaker 6 (25:53):
P resurch s ass just sixty six six percent of
Black adults in the US even earn one hundred thousand.
That being the case is kind of unrealistic to have
(26:14):
a number in your head that listens six percent in
your community attained.
Speaker 3 (26:23):
One hundred thousand a year and this is what they
think they need.
Speaker 6 (26:32):
Why not ninety? Why not sixty? Why one hundred thousand?
(26:52):
When you look at black median income as a family.
This comes from the Black Demographics dot Com and they
get their information in this case from the US Census.
(27:13):
This is in twenty twenty two, twenty twenty two. Okay,
married couples one hundred thousand. Now you can get one
hundred thousand, two people one hundred thousand and six, one
(27:34):
hundred and forty married, no man, no wife, fifty seven thousand,
just under sixty thousand meeting income woman no husband forty
four thousand, two hundred and sixty four.
Speaker 3 (27:59):
That's a woman with no husband in the income.
Speaker 6 (28:08):
When you look at the Negro American income from nineteen
sixty seven to twenty eighteen, something very interesting I.
Speaker 3 (28:16):
Want to highlight. It goes. It goes from under eighteen
thousand way up to twenty thousand plus.
Speaker 6 (28:27):
Right, the.
Speaker 3 (28:36):
One hundred and fifty thousand uh relative is consistent.
Speaker 6 (28:44):
With the two hundred thousand more two percent three percent,
the one hundred and fifty thousand, two thousand two percent.
Speaker 3 (28:57):
Four percent.
Speaker 6 (28:59):
Okay, you say that not enough, but again, there's more
black millionaires and billionnaires in the United States anywhere in
the world.
Speaker 3 (29:10):
Fact not back up, which is richis country? Right?
Speaker 6 (29:18):
Could do a lot better, for sure, But what if
we would talk that based a fact that that are
black millionaires more in this country than anywhere in the world. Okay,
(29:39):
So the interesting part of this middle class this is
nineteen sixty seventy two to go up to thirty six
percent in twenty eighteen, but every other class below that
don't going down. Out the income has gone down working
(30:06):
class from thirty two percent to twenty five percent. Those
earning twenty five thousand and fifty thousand, those earning fifteen
twenty five thousands of working class are working for definitely
took it here from eighteen percent to thirteen percent, and
the under fifteen thousand definitely not as big as here.
(30:29):
But twenty seven to nineteen has not improved. But aren't
those people that partisans supposed to be so targeting the benefit?
Speaker 3 (30:47):
Aren't they? Just look at Black women and men employment status.
Speaker 6 (31:02):
Total men and women sixteen years and older Black women
and sixteen point nine million Black men, fifteen point one million.
Speaker 3 (31:15):
Full time, year round working black women, seven million Black
men six one seven part time.
Speaker 6 (31:29):
Less than a year black women three point nine Black
men three point one.
Speaker 3 (31:39):
Nor early's at all dumber year black women six million
Black men five ninth grade. I will tell you why
(31:59):
this is more than concerning with the growing ever.
Speaker 6 (32:08):
Expansion about the feminized culture in our country and the
exalting of the female, the woman egos.
Speaker 10 (32:20):
To the determinent of the male culturally is concerning. It
is extremely concerning when you look at the Black community again,
it's a whole notion of equalization.
Speaker 6 (32:41):
The women got be equal to the man, but genetically, physically, emotionally,
everything we were not built to be equal. Nothing is
in nature is built to be Apples are apples to
(33:06):
anything even in his own species. Even twins identical twins
are not equal.
Speaker 3 (33:18):
But this is what.
Speaker 6 (33:22):
The popular notion, the progressive agenda. It's one one to
turn water rain water upside down, so it goes up
rather than down. When you look at blackness wages by education,
(33:51):
it's just telling. It's a medium weekly earlies up to
the twenties uh twenty two second quarter less than high
school diploma. This is black versus general population of America
(34:13):
five hundred sixty two compared to Jenner population six hundred
and twenty six. So in every dollar black, let's get
ninety cents high school graduate, no college. This is Black
(34:34):
community in general versus the community at large. Seven hundred
and eight compared to eight hundred and nine. That's eighty six,
I mean, eighty eight cents out of the dollar.
Speaker 3 (34:49):
Some college, no.
Speaker 6 (34:50):
Degree seven hundred and fifty seven compared to eight hundred
and ninety nine.
Speaker 3 (34:56):
That's eighty four six out out of the dollar.
Speaker 6 (35:00):
Advanced degrees thirteen hundred and sixty compared to sixteen hundred
and fifty eight.
Speaker 3 (35:06):
That's eighty two dollars. I'm eighty two cent out of
eighty dollars. Separate black men and black women.
Speaker 6 (35:15):
This look at black men compared to all men less
than high school diploma. It's five hundred and ninety seven
compared to six hundred and eighty four. That's eighty seven cent.
Associate degree eight hundred and ninety nine compared to eleven
hundred and three eighty two dollars. I'm eighty two cents.
(35:37):
Advanced degree fifteen hundred and sixty one compared to nineteen
hundred and ten eighty two cents out of dollars. Black
women versus women at large less than high school diploma
five hundred and thirty two compared to black male five
(35:59):
hundred ninety seven.
Speaker 3 (36:01):
Women at lawns five one hundred and fifty.
Speaker 6 (36:07):
Ninety seven cent out of the dolls compared to the
black mail eighty.
Speaker 3 (36:12):
Seven cent out of the dolls.
Speaker 6 (36:16):
Interesting right Associate degree seven hundred and thirty six the
woman compared to women at Lawrens eight hundred thirty six
(36:37):
compared to the black male eight hundred ninety nine. Advanced
degree twelve forty eight compared to women at lawns fourteen
sixty compared to the black male fifteen sixty one. Quality
(37:00):
hear that because men and women do different tasks. Many
women choose different career paths. When you think of teacher,
when you think of nurse, who when you think of.
Speaker 3 (37:16):
Caregiver. There's there's some men in those fields. But who
you What gender do you see more? And what gender
comes to mind automatically? It's a female when you think
a soldier, when you think of construction man, when you
(37:39):
think of.
Speaker 6 (37:41):
A welder, when you think of an explorer, a builder,
a fighter.
Speaker 3 (37:56):
Yeah, maybe some women in those occupations. But what gender
do you see.
Speaker 1 (38:04):
More?
Speaker 3 (38:04):
Fundanly in which one comes to mind? Quicker? What gender
has the most heroes depicted? Mail mayil We're different.
Speaker 6 (38:29):
God made us different to fulfill different tasks. Can't get
around that, but they are trying. Individual income. This is
(38:50):
twenty twenty two inflation. That's just the dollars for capital
Blacks twenty nine and eighty four eighty five compare to
whites forty nine thousand, almost fifty thousand.
Speaker 3 (39:07):
Mini inc minion earnings male full time.
Speaker 6 (39:12):
Worker fifty thousand compare to sixty ninety ninety seven almost seventy.
Speaker 3 (39:17):
Thousand for the whites. Women full time forty four.
Speaker 6 (39:23):
Thousand, one hundred that you want compare to white female
fifty five thousand, thirty five. There's a gap. Now you
can look at it and say, where there's a few blacks,
(39:44):
they're whites. That would be fair, That be fair, But
that's not the reason for the great is barely. If
it were, we're going to be having some conmer sage
and pounds to black wealth more zero. But when you
(40:06):
look at households with retirement income, blacks twenty one percent,
community at lost twenty four households with Social security twenty percent,
Blacks properly something a whole.
Speaker 3 (40:26):
That's insort thirty one percent.
Speaker 6 (40:28):
Households with SNAP or food steps household government catch up
assistance four percent blacksky, I mean they at large three percent?
Speaker 3 (40:43):
So what is just tell us Blacks are losing, Blacks
are not.
Speaker 6 (40:56):
Saving four timing, and blacks are disportunately oncoming from any assistance.
It's not even close. And let's not forget we are
(41:17):
we occupy a smaller number in population on SIS percent
on SNAP food stamps. Really, but when it comes to
time income with twenty one center compared to twenty four percent.
Speaker 3 (41:37):
Problem And y'all know my disdain for the Democrat Party
and how I view the.
Speaker 6 (41:51):
Almost battered white sent relationship that that Lego American community
has with the black with with with the Democrat Party.
Mm hmm. There's no benefit, no benefit for the relationship
to even exists. But this is the mental fuck that
(42:14):
we have been dealing with since the nineteen sixties and
I don't see it change anytime soon without a serious,
serious enema. When you look at this graph since Truman
(42:34):
to Trump first term, you can see that that there's
an issue, not since JFK and LBJ, and you could
say that that's that that was due to the creation
(42:55):
of welfare stay particularly under the LBJ, and more government
taking the space in the private sector. There was an increase.
There was an increase under Truth, and there were some
(43:18):
decreases during Republican administrations, particularly Bush, but overall, and there's
an increases under Clinton. But since Clinton, Democrat Party had
shown had been the period that blacks didn't farewell economically,
(43:45):
particularly Obama. Not there's uptick in the later term of Obama,
but keep in mind that was a Republican led Congress.
(44:05):
Numbers don't lie, Numbers don't lie, and that's just had
a serious negative impact.
Speaker 3 (44:18):
On black lives in this country. What goes on politically.
Speaker 6 (44:25):
Because Blacks put so much value in the vote unlike
any other ethnic group. So you put all your eggs
in one basket. In regards to political capital, you should
(44:46):
want to get more juice by of the orange than
what we're getting. The web gap grows. This is from Actios.
Non Hispanic whites account for about sixty two percent of
(45:07):
Americans but control eighty four percent of national wealth. This
comes from Federal Reserve Black Americans, who represent more than
twelve percent of the population.
Speaker 3 (45:18):
I think that's under expression, but we'll go with that.
Speaker 6 (45:29):
Only only three point three point three point four percent
of countries well per the Federal Reserve.
Speaker 3 (45:40):
That's down from four point seven percent in twenty seventeen.
Speaker 6 (45:50):
Black Americans had just three hundred and thirteen billion dollars
in the stock in mutual funds as of the third
quarter in twenty twenty four, uh a mey of three
point four percent in seven years. Why the masters, on
(46:14):
the other hand, have forty one trillion dollars in the
stock market wealth ninety one percent over the same period.
Problem problem, When you look at things that build wealth,
(46:51):
you gotta start with education.
Speaker 3 (46:56):
That's again a.
Speaker 11 (46:57):
Lagging bachelor degrees from between twenty one to twenty twenty
two ten point four percent for a Negro.
Speaker 3 (47:09):
Down down from ten eighteen eighteen percent, and.
Speaker 6 (47:28):
During the twenty twenty twelve and twenty thirteen period compared
to agents, whereas is at seven to eight point nine
percent in the same period the Spanish ten point five
(47:49):
to seventeen percent in the same period.
Speaker 3 (47:53):
Watch fell some Negro men and women in the liberal
force compared to according to the census twenty one.
Speaker 6 (48:20):
As I mentioned or how many issues. But when you
look at as you did, the disparity in regards to
the black male and the female in the workforce, you
have to look at also and when you saw about
(48:45):
high school attainment, you can see there's an issue. There's
an issue when when you look at what someone earns.
Speaker 3 (49:02):
With the bachelor's degree and compared to what you earn
with this of the parma. But we look at bachelor
degrees or ethnic groups.
Speaker 6 (49:15):
Of course whites is gonna be up there, but blacks
again at the bottom, showing no real improvement from twenty
thirteen to twenty two. But no one's starting to be along.
(49:47):
And we got home ownership again. Wise, home home ownership
or an issue because that's where generation well begins with
owning property, owning homes.
Speaker 3 (50:10):
Yeah, blacks never got above forty yea during the periods
of nineteen ninety five to twenty twenty I guess first
quarter nineteen ninety four to fourth quarter twenty twenty four.
(50:34):
They just never got about fifty percent.
Speaker 6 (50:40):
Compared to the whites. They started seventy percent and all
at about seventy four point four percent. To say said,
compared to the Negro six four home ownership chef us
(51:09):
households that don't have a bank account. Again, if you're
not involved in the financial system, there's no way you
could benefit from it. If you don't have a bank account,
(51:32):
how can you do business? How can you work in
a Catholic society? Kan's chef us households that do not
have a bank account byberates ethnic groups thirteen percent. What's
(51:59):
what's the high for blacks and this is from twenty
nineteen to twenty twenty three, ten point.
Speaker 3 (52:11):
Six percent do not have a big account. Hispanics nine
point five percent.
Speaker 6 (52:17):
But you've got agents and whites they're literally tied currently
to Asian two percent Whites from one point nine agents
of beaten whites. But that se seeking your here for
a moment. This is stubborn. Stubborn to me. We've got
(52:40):
workforce participation, incredible public workforce.
Speaker 3 (52:47):
Put this participation compared to private sector.
Speaker 6 (52:53):
For people that's supposed to have been trying to kill
up the plantation away from the white man. We are
taking a lot of space in the public sector relative
to any other ethnic group. We've got non Hispanic whites
fifty fifty three point three percent in the federal public sector,
(53:20):
private sector fifty six point eight non Hispanic Blacks nineteen
percent in the public space compared to eleven eleven point
one percent in the private space. Hispanics at any race
fourteen point three percent in the public space compared to
(53:41):
twenty point five percent in the private nineteen compared to
eleven percent. We love bringing up under the man. Now,
am I saying everybody that was the government bad? No,
(54:05):
that's not the point. That's not That's not what I'm
trying to say. But where do individualism throughout? Where is
entrepreneurship encouraged?
Speaker 3 (54:20):
Where is being.
Speaker 6 (54:23):
Your own fosse encouraged? Where in the where in the
in the Where is the individual spirit more exalted.
Speaker 3 (54:40):
In the private sector? But that's not where you can find.
Speaker 6 (54:45):
Majority or blocks. Where has the most money for individuals
made private sector m HM. In cultivation, of course, we
(55:05):
had to look at this in cultivation lembit's potential and
blocks access and jobs, credit, housing and.
Speaker 3 (55:13):
Education for the entire family. This is where we are
Black prisoners by our offense.
Speaker 6 (55:23):
Estimated numbers of since prisoners under state jurisdiction by offense.
Speaker 3 (55:30):
And this is in December thirty one, twenty oh nine.
Speaker 6 (55:36):
Click offense Blacks twenty one point one percent of inmates
compared to seventeen point eight. Robbery eighteen point nine compared
to thirteen point six.
Speaker 3 (55:58):
Property.
Speaker 6 (56:02):
Fifteen point two percent compared to nineteen point two so
or murder, murder fourteen point four percent compared.
Speaker 3 (56:18):
To thirteen.
Speaker 6 (56:23):
That's from a population of people that and it's said
to be twenty percent of the population.
Speaker 3 (56:33):
Completely out of whack. Look at federal and state prison
and cultivation. This is from two thousand to twenty ten.
It's interesting about this.
Speaker 6 (56:53):
In two thousand, black population male five hundred and seventy
two thousand, nine hundred by twenty ten or five hundred sixty.
Speaker 3 (57:07):
One four hundred thousand, four hundred, but women.
Speaker 6 (57:20):
And two thousand it was thirty seven thousand, four hundred
and it dropped to twenty six thousand, six hundred. That's
fascinating to me, Like what happened. What message got up
(57:44):
into the community that led to such a huge, huge
decrease in women Black women populating prison in state prisons,
(58:05):
federal and state prisons that the male didn't get Interesting
to me. I think it's interesting. But when you look
at this, you have to look at the war on
drugs from the eighties, nineteen eighties to the nineties.
Speaker 3 (58:28):
And what's interesting when you look at the percentage.
Speaker 6 (58:30):
Of men never married prior to and we go way
back to eighteen ninety, prior to the nineteen sixties, was
we're to be high flooding with ten percent and above.
(58:58):
Then came nineteen sixties lb J.
Speaker 3 (59:06):
And the war on property. Everything went up the rails.
Speaker 6 (59:15):
Those of you who have been following me, y'all know,
I know again no love for differ, that party different,
no love for LBJ, And in nineteen sixties.
Speaker 3 (59:23):
Was an inflection point like no other.
Speaker 6 (59:31):
Everything is goes downhill for the black community, particularly politically speaking.
And when you look at this graph and other graphs
there's one thing when it comes to the Black community.
Speaker 3 (59:53):
Going off the rails. It's nineteen sixties, particularly in nineteen
sixty four sixty five, and it happened here. Black men
in prison start going south north, black men never married
(01:00:20):
start going north. Numbers on why.
Speaker 6 (01:00:30):
Cultural oppressures of this this, this is a big one.
Anti achievement and street crad the labeling efforts as acting
whites acting white. Studies like Foredom and Uncle in nineteen
(01:00:53):
eighty six observed that Black students in inner city schools
sometimes they appear ridiculed for selling academically, as success was
seen as a betrayal of group identity. Hip hop glorification
(01:01:14):
of violence and fast money. While hip hop is an
art form with diversity, the mainstream commercialization of gainst the
wrap as of them promoted wealth through crime, work dealing, scamming,
anti police, anti authority attitudes, misodogny, hyper masculinity and materialism.
Speaker 3 (01:01:39):
Loss of positive mayor role mayor models in media and
real life young men. May I did.
Speaker 6 (01:01:46):
Idealize rappers, athletes and hustlers over teachers, engineers or businessmen,
shaping career aspirations and damaged and damaging ways. Who can
say it against that, particularly when you look at the
(01:02:07):
news on any given day you see young black men
and some women feature prominently in a very negative fashion.
Look at the streaming channels with black on black crime
(01:02:36):
grossly promoted in the fast life of gangsterism and drug culture.
Speaker 3 (01:02:51):
And hip hop.
Speaker 6 (01:02:54):
Has always been that way. Should look at Game Plus
came out. You didn't have any of this, MC light,
you didn't have any of this. Even Queen are Cheaper
when you first got in, didn't not have any of this.
In Republic, enemy didn't have any of this. Even when
(01:03:15):
it came to.
Speaker 3 (01:03:19):
M w A, it wasn't like this. If if he'll
talk about what the intent was with the means, it
was to shine light on what was going on in
the inner city, scream for help. It's far from that today.
(01:03:42):
What changed.
Speaker 6 (01:03:47):
Explosion of single parent homes and it's something that I
well against as well. Reduce economicstability to parent households have
more income, wealth accumulations, and time for child investment. Father
absence leads to increased risks of poverty, behavior problems, involvement
(01:04:09):
in crime, lower academic achievement, psycho generational poverty.
Speaker 3 (01:04:14):
Children from father.
Speaker 6 (01:04:15):
Absent homes often repeat the pattern, making wealth building nearly impossible.
Speaker 3 (01:04:22):
Black Americans have the highest.
Speaker 6 (01:04:26):
Out of wedlock's birth among any demographic group in the US,
with wealthy sixty five to seventy seventy percent of Black
children born to senior mothers in recent decades. The collapse
of the family is a fundamental problem, says Tom of Soul. Yeah, no,
(01:04:49):
I'm such a man quesse from this man economic genius.
So let's look at the statistics with this.
Speaker 3 (01:05:05):
I'm trying to get it. That's okay, Yeah, there you go. Ah, okay,
I'm trying to show you how seven.
Speaker 6 (01:05:22):
Forty two percent of black children are born to a
single mother compared to seventy percent in the population of law.
I don't know, that's not coming up anyway. We want again,
Once the point of time, black women was more likely
(01:05:42):
to be married than whites, and this craft goes back
to the eighteen nineties and again this all went south.
Speaker 3 (01:05:53):
In the nineteen sixties, late nineteen sixties, and so.
Speaker 6 (01:06:00):
Too, the black men were more likely to be married
than a white man un child in nineteen sixties.
Speaker 3 (01:06:11):
Accident. Oh that's not rap. It's one place. Yeah, two
parent households for for for black living rooms for the child.
Statistics statistically forty percent.
Speaker 6 (01:06:28):
For the black child two parents, mother only forty six
percent compared to the population.
Speaker 3 (01:06:34):
A loss seventy percent.
Speaker 6 (01:06:37):
Of children growing up up outside of the Black community
of growing up in the two parent households compared twenty
one percent mother owned. The foundation is not grounded positively
for children growing up in the Black community. So them
(01:06:58):
being them them grown up to be stellar citizens. It's problematic.
But this whole notion of the AH putting the woman,
(01:07:22):
particularly Black women, on a pedestal that she is not
built for. That is leading the home. Not to say
that women can't do. But the man, he is the
leader of the home, so called the king of his castle.
(01:07:45):
We started graphic. In regards to economics, it's indisputable and
here's some statistics. The statists are gridmar When comes to
the Negro American women, many reports have shared light on
(01:08:06):
the fact that again it's not about the income.
Speaker 3 (01:08:12):
For her all the mail is the network. The network.
Speaker 6 (01:08:20):
If you are earned one hundred thousand dollars, but you
have nothing of value to show for that grows that
you can hand down the generations, it means nothing. Many
too many in the black community must rather look rich
(01:08:43):
than be rich, and the different for being rich and wealthy.
Speaker 3 (01:08:48):
And going to that. Many reports have.
Speaker 6 (01:08:50):
Shared light again on the dismal nique between education and network.
While Black women are being applauded for being the most
educated demographic in the United States, there's a host reality
that undermines this announcement.
Speaker 3 (01:09:04):
Net Worth still remains low.
Speaker 6 (01:09:08):
Single Black women with a bachelor's degree ages twenty to
thirty nine have a median net worth.
Speaker 3 (01:09:14):
Of eleven thousand dollars.
Speaker 6 (01:09:20):
To zero negative eleven thousand, I'm sorry, negative eleven thousand
to zeros, while the white woman has a networth arranging
them from thirty four hundred to seventy five hundred.
Speaker 3 (01:09:32):
The ages twenty to thirty nine.
Speaker 6 (01:09:34):
Married black women the bachelor's degree ages twenty to thirty
nine have a median networth of negative twenty thousand, five
hundred to seventy seven hundred dollars, while the white women
have a networth of eighteen thousand, seven hundred dollars to
ninety seven thousand dollars. A Black woman with a bachelor's
(01:10:01):
degree over sixty has the medium network of eleven thousand dollars,
while a white woman has a network of three hundred
and eighty four thousand, four hundred dollars. Married black woman
with a bachelor's degree over sixty have a medium network
(01:10:21):
of four hundred and twenty four thousand. That's pretty good, right,
while the white woman has the network of seven hundred
and seventy eight thousand.
Speaker 3 (01:10:40):
What's a solution?
Speaker 6 (01:10:42):
We have two change to conversation to them, from working
harder to working smarter. The harder you work for someone else,
the more taxes for your subject to pay. I'm not
talking about income taxes. There are lifestyle taxes that commutes
(01:11:06):
communities of color disproportionately.
Speaker 3 (01:11:09):
Paid that no one really talks about, says J. D. Smith.
It's a calcual based wealth coach wealthy women daily growth.
Speaker 6 (01:11:25):
We have to be equipped with the knowledge to transform
the income we make into wealth we can keep. Your
money has to start working for you if you want
to build wealth unquoath.
Speaker 3 (01:11:42):
Don't blame racism. We're always here, ah because I'm black.
All the man's army, the man keep me down.
Speaker 6 (01:11:49):
Those are all all mental conditions of negativity, and it
prummeates the black culture leads to the anti achievement mentality
leads to the self detegration of one's culture and one's self.
Speaker 3 (01:12:12):
But if it is a race issue, if it is
an issue with the colored.
Speaker 6 (01:12:16):
Skin, why is the Indian American one hundred and forty
seven thousand and meeting household income in twenty three? High
educational attainment stem focus. They're not Jillian now even my
black people black people Jillian Blue Black sixty eight thousand
(01:12:43):
to seventy five thousand, media incomes? Why hot college graduate
ways Chinese ninety five thousand meeting household income twenty twenty three,
strong family networks, high savings like American fifty fifty two thousand.
Speaker 3 (01:13:09):
Hi, I'm drumming, lowest asset face.
Speaker 6 (01:13:15):
Jay Riley, author, please stop helping us, says, the difference
isn't race, it's culture, family and values.
Speaker 3 (01:13:31):
When you look at the income amount of racists Asians
top whites.
Speaker 6 (01:13:39):
One hundred and eleven thousand, eight hundred and seventeen income
if you if you're from Ghana eighty four thousand top whites.
Speaker 3 (01:13:53):
Whites is at eighty three Nigerians eighty thousand, seven hundred.
Speaker 6 (01:14:02):
Total in America is seventy seven thousand, seven hundred and nineteen.
According to this Black Black so trailing the bottom of
everybody at fifty barely fifty three thousand. Okay, I can
say I almost almost fifty four thousand, but still raised
(01:14:25):
into the blame why immigrants immigrants are performing US. Okay,
we could say that that there's some selective migration. Immigrants
are often self selected for ambition and education, manyal doctors, engineers,
(01:14:47):
or students upon arrival. Stronger nuclear family norms Nigerian Athens,
for example, often maintained tight.
Speaker 3 (01:14:56):
It's then the families pull in resources.
Speaker 12 (01:14:59):
And if it's an education high expectations and discipline many
immigrant cultures, is still a work first achievement, duran mentality
in children.
Speaker 3 (01:15:14):
Les's historical baggage.
Speaker 6 (01:15:16):
Of course, newer immigrants have it internalized, so called four
hundred years of oppression. I'm gonna stop there because that's again,
that's that mental fath.
Speaker 3 (01:15:30):
It's not four hundred years. Do the math.
Speaker 6 (01:15:35):
Compare this to blacks into generation trauma, long standing systemic exclusion,
cultural facultation. That's a big deal. Fewer community based businesses,
that's a bigger deal.
Speaker 3 (01:15:50):
No, No, I'm not like I said.
Speaker 6 (01:15:51):
It's a bigger than difficultural fragulentation because family and culture
is definitely the bad rocket of any strong society WIS coast,
But the lack of financial education is compounding effect.
Speaker 3 (01:16:14):
Indispeedable.
Speaker 6 (01:16:16):
After twenty twenty two, only thirty three percent of Blacks
households on stocks compared to sixty one percent of.
Speaker 3 (01:16:25):
Lights White households better reserved low supports to financial tools.
Speaker 6 (01:16:31):
Many Black Americans, especially those ways in low income under
bank and now banking, receive little to no education about credit.
An transrapis compounds savings and investments with tirement plans for
one of case ioas tax strategy so as asset my protection.
Speaker 3 (01:16:51):
Home ownership of mortgage literacy.
Speaker 6 (01:16:54):
This often leads to debt traps, low investment participations amongst
Blacks who are certifically under represented in the stock market financially,
financial vulnerability to mergency.
Speaker 3 (01:17:10):
Scams or inflation. Failed to build or transfer generational wealth.
Speaker 6 (01:17:20):
You want to get ahead generationally and not have to
worry about your your net worth going to zero.
Speaker 3 (01:17:28):
You've got to learn.
Speaker 6 (01:17:30):
How to create and grow your wealth that could be
handed down to your next generation.
Speaker 3 (01:17:38):
Black families are touris for not thinking about it.
Speaker 6 (01:17:43):
Black families are just disupportionately first generation metal class even
college educated, profess professional often support. It's than the family
members financially graduate with more student debt, don't inherit down
payments of family assets. So while they may earn good money,
(01:18:08):
they have let's margin, that's capital and more responsibility which
flows stalls wealth accumulation.
Speaker 3 (01:18:21):
The Bible says preachers work for your next generation, hand
down legacy. Black communities aren't doing them problem.
Speaker 6 (01:18:42):
No financial modeling at home, but child never sees payments,
but they invest in saving for a time.
Speaker 3 (01:18:49):
It discuss insurance or taxes. How do you think they
are going to do that when they get older.
Speaker 6 (01:18:56):
Matters of how money works is one of the most
powerful and unequal.
Speaker 3 (01:19:02):
Forms of inheritance advantage.
Speaker 6 (01:19:08):
And don't let that one point four trillion buy and
buying power that you keep caving about and I have
alluded to in my conversations, But that's difference between wealth
accumulation of wealth, wealth buying power and wealth.
Speaker 3 (01:19:27):
Buying power and wealth too totally distinct things.
Speaker 6 (01:19:34):
We spend more money than anybody, but wealth refers to
access homes, thocks, business savings minus liabilities such as death loans, mortgagists.
The medium wealth of black families in twenty twenty two
was around forty four thousand, nine hundred compared to twenty
(01:19:57):
compared to two hundred and eighty five thousand white family.
Speaker 3 (01:20:00):
This total Black shell US household wealth was.
Speaker 6 (01:20:03):
Just three point four as a Missigani poor, despite Black
Americans making up thirty percent of the population.
Speaker 3 (01:20:14):
Yes, in twenty twenty, the Seiley Center, as.
Speaker 6 (01:20:16):
I mean the black spending power, spending power at one
point sixty twenty.
Speaker 3 (01:20:26):
And that's up from three and twenty just in nineteen ninety.
But wealth and buying power, it's not the same.
Speaker 6 (01:20:44):
So when you look at the economic demise forecast for
the American.
Speaker 3 (01:20:49):
People, black people in particular, you all starts at home.
Speaker 6 (01:20:59):
All starts with state of mind in all social education,
and it starts with the culture.
Speaker 3 (01:21:09):
The issues is not from outside the Black American community.
The call is coming from within the home. It is
about us.
Speaker 6 (01:21:27):
If we consistently and continually exists in an eco chamber
of negativity, what you can't do.
Speaker 3 (01:21:40):
The outcome is going to be.
Speaker 6 (01:21:45):
Unavoidable until that changes, Until that changes the Black American
It's gonna be in a world Okay.
Speaker 3 (01:22:09):
That has to change before I leave. Definitely want to
remind you hit me up on all of your.
Speaker 6 (01:22:19):
Social media platforms, follow me, like me, reach out to me,
Tony l that project that I Open dot Com, Tony
Air that project THATI Open dot Com and I look
forward to end from each and every one of you
until next time, Be good, be blessed, and be free.
Speaker 2 (01:22:56):
Thanks for listening to today's show, and don't forget to
liken to subscribe to this podcast and look for Project
Thirdeye Open on your favorite social media platforms. Check out
our web page at Projectthirdiopen dot com and that's third
I with the letter I Projectthirdiopen dot Com. Drop us
(01:23:16):
a note at tonyel at Projectthirdiopen dot Com. That's tonyel
at Projectthirdiyopen dot Com. As you wait for our next
podcast to drop, don't take anything we've satisfack. Instead, do
your own homework, make up your own mind, then take action.
(01:23:36):
Until next time, Be blessed, be good, and be free.
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