Put $100 in an online Black owned bank

I want to open an account with an online Black owned bank by the end of the year. I’ll treat it as an investment in us instead of merely depositing my money.

After switching to a community bank, this is my next step. It’s a real challenge and I’m not the ONLY as the racist narrative has ingrained in us NOT to trust one another.

The science even says that by now, that mistrust is conditioned right into our DNA.

I can’t speak either way on that, but I do know that anything that benefits us will be reflexively targeted.

Just like as we invest in Black farmers, we know that they get their most needed loans 18 months (on average) after their white counterparts.

And when we invest in housing, eminent domain has been declared.

Or a business storefront, cops will target our licenses because the area is mandated to be gentrified.

But we cannot ignore the upside. If 40 million of us invest just $100,

that’s 4 billion dollars in loan money for business ventures that we NEVER would’ve received otherwise.

That’s a nice go around dollar for starters. It’s also a lot of our ventures not having to be funded by our savings and retirement,

which means a lot more ventures out in the pipeline instead of spending the bulk of our creativity working for other companies and making them rich.

Can’t wait ‘til we have our own media. Everything changes.

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