Black Barber Shops are home to some of the most successful entrepreneurs in the African American community. These are lessons all Black businesses can apply to achieve the same success as these millionaire barbers have. If you have been a regular reader of United Black America, you know that this site focuses on Black economic empowerment. (See: Building an...
Gold, silver, and other precious metals have value. They can be melted down and used. They are acceptable mediums of exchange around the world and across the universe. You cant just conjure up some more of it, or pretend it exists when it doesnt (as we will see in the video below). Fiat currency is just fancy construction paper....
Economists predict the United States is headed back into a deep recession that could last years – and when the economy catches a cold, the Black economy catches the flu. Here’s how Black men and women can prepare. Evidence of the Coming Recession There are two pieces of evidence that point to a big and ugly coming recession: stupid high...
Time Banking is used as an alternative economy that protects its members from volatile world markets while giving participants a high standard of living. We have all heard the saying “time is money”, but the African cooperative concept of ‘time banking’ takes that saying literally. Here’s how time banking works, and some ways it’s already being practiced in America...
Mastering alternative means of income and doing for ourselves are essential to our economic recovery (as Black peoples). Take getting your hustle on seriously, and don’t turn your nose up to alternatives like selling items online. In previous posts, I have talked about the importance of Black Men and Women providing for themselves and securing income streams beyond...
Who is Dr. Claud Anderson? Seven words: THE BEST ECONOMIC MIND IN BLACK AMERICA. Dr. Anderson has a broad base of experiences spanning education, business, federal and state politics and social reform. He served as State Coordinator of Education in Florida during the 1970s, during which time he also founded the State Action Council, a coalition of Black leaders for...
Black men and women in America are able to buy more, but are getting poorer. How the hell?? The Atlanta-Journal wrote “Persistent joblessness among African Americans, and its effect on home ownership and wealth building, is raising concerns about about the future of a black middle class that had grown to be a potent economic force in cities...
A look at Marcus Garvey’s Black Star Line, Negro Factories Corporation, and Negro Word Newspaper from a 21st century financial and economic perspective. On Monday, one of our readers made the following comment that really got me thinking: …We must study the movements from the past that found success among our people such as the Marcus Gravy UNIA, the...
Chances are, if you are Black and living in America, you have never heard of sou-sou. Sou-sou, nicknamed the ”poor people’s banking system”, is a centuries-old practice that originated in West Africa. It gets its name from the Yoruban term ‘esusu’ which refers to a fund where several people pool their money for a period time (month, two weeks, etc) and after that time is...
Starting April 1, I will buy EVERYTHING I use or consume from Black businesses for a full month.