Black Poverty in America: A big lie.

[nerd57]

While there is no denying that there are poor Blacks in America, Blacks as a group are far from poor. The fact that you are seeing so many Blacks on television today than you did in the past is not a form of affirmative action, but rather advertisers trying to tap into the Black spending power. For 2008 Blacks will spend $961 billion USD. Yes, that is billion with a B.

So where do you think the majority of the Black money is spent? One thing is for sure, the majority of the Black money is not spent in the Black community. A whopping 26% of Black money is spent on toys and I am not talking about nintendo and playstation, I am talking about the toys in this video:
http://www.youtube.com/watch?v=aKQuGYtj3oM
So as great as hip hop is, the lifestyle promotes too much consuming and not enough investing. I am sure we all know the differences between consumers and investors, but let me break it down for you anyway:

White investor parent buy his children some stocks in Nike Corporation.
Black consumer parent buy his children the latest air Jordan from Nike Corporation. As a result of the Black parent buying the expensive Jordans from Nike, the stock price goes up. Now the white child got wealth from the purchase of the stock and the Black child look cool in his cool air Jordan.

So the moral of the post is, decrease the amount of product you buy from the corporations and increase your ownership in the corporations.

What are you first: an investor or a consumer?

When you get a large sum of money, do you say "what can I buy with this money" or do you say "how can I turn this money into more money"?