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Is An Unstable Economy The Time For A Black Entrepreneur Business: Jerome Powell Says No!
Some consider wealth as a stake in housing, a business, or market shares.
By: Dashade Music Empire
"The African American Community are now in a phase of insanity; repeating the same outcomes over, and over." - Times best-selling author Candace Owens
The process of economic monetary growth starts with the possibility of future projected revenue that continues to grow annually. The ratio of more profits than debt, and or operating expenses. But the African American community has no history of stable monetary gains in order to continue growing financially as a race. The economic system of the United States Corporation is based on a labor force. After the civil war there were two classes that remained the aristocrats, and the working labor force. As the Special Field Orders No. 15, allowed 40,000 freed slaves to be granted 40 acres, and a mule after the civil war. The president Andrew Johnson rescinded that order 4 months later. According to the data research of Fly Homes Realty, an average acre is $12,000 presently. This rescinded order caused many freed slaves to live in poverty, and that led some to criminal behaviors. The 13th amendment states,""Neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted." So in the year of 1881, the Three Prison Act was passed, and Leavenworth, McNeil Island as well as UPS Atlanta were built. The number of companies that profit from mass incarceration exceed 4,000, says the Prison Policy Initiative. The black entrepreneur Daymond John spoke in 2020 saying, " People don't have a lot of hope. I'd like to say to these people burning businesses that they should be building businesses; this is when the real wealth, and fortunes get made." But the term entrepreneur originates from the French term entreprendre, and is defined as those that take the most risk or the undertaken. Those that don't have an original identity to build upon are most likely to fail in building wealth in a foreign environment. A foundation is necessary in order to build a lasting legacy. And so as Destiny Watson wins the 2022 young entrepreneur award of up to $20K; will her progress gradually lose steam by a growing unstable economy?
"The soft landing looks to be kaput, and all but admitted the Fed will cause a recession in its inflation fight. "I wish there were a painless way to do that. There isn't." - Federal Reserve Chairman Jerome Powell
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