Economic Outlook

In the 1st quarter of 2008 Americans were shocked by the reality of where we, as a nation stand in regard to our dollar, our credit, our overall economic state. The picture is not good. Not that there weren't indications of a major disaster in the making glaring, blaring and screaming for attention that never came until too late. The U.S. economy is in the midst of a recession. This month alone over 80,000 jobs have been slashed from the available workforce. The knife is just getting bloody. Be prepared for more. The facts as they are today:

1. Bloomberg report that of 65 nations rated for economic performance in 2007 the United States was last at number 65. Dismal. Worse than dismal.

2. The current trend toward globalization, a nice word for screw you America, is likely to continue the trend for multi-national corporations to downsize their American operations.

3. While the Federal Reserve is happy to print brand new crisp money for companies like JPMorgan/Bear Stearns to bail them out of a nasty situation brought on by their own financial indescretions, only tokens are being offered to taxpayers. Don't expect a bailout of any significance. You're pretty much on your own.

What can African Americans expect in the next few years where money and prosperity is concerned? We can expect more and more African Americans to create business enterprises as jobs for African Americans in the corporate world disappear or we can expect an ever larger number of African Americans to become economic bankrupts without the means of providing even the basics. This as the costs for fuel, commodities like food and other requirements for life skyrocket. The current economic crisis in America, brought on-as usual-by 10s of trillions of dollars devoted to conflict and the tools of war, as usual by the never ending quest by corporate interests for more profit, less regulation and fewer employees doing more and more work-will continue as forces for globalization continue their quest for a one world government, for a labor class as close to free as at all possible and for the reduction or elimination of civil liberties for all human beings except those who are members of the status quo.

This has nothing at all to do with racism believe it or not. Racism is a reaction to these forces at work; a reaction directed at the wrong peoples for the wrong reasons by the people most immediately effected by the ever expanding ripples of change. However, as government and corporate interests reach deeper into tthe tax pool to fund their adventures, African Americans will feel the effects, are feeling the effects in disproportionate numbers. Why? Because, in order to maintain the relationship with the Caucasian labor population in America until they too are no longer needed-also happening right now-the status quo will be forced to give more and more jobs currently held by African Americans to Caucasian Americans . Simple. Is this racist? No! It's business.

Taken personally African Americans will expend energy needed for making critical changes on riots and speeches and general ineffectiveness and will not be able to move to the next step in our own evolution. Preparation In order for African Americans to survive the shift away from us as the primary labor pool in America, African Americans must reach into and get control of the resources available to us now, the money we generate from within our own communities. This lesson has been presented to us for hundreds of years, now as Japanese, Chinese, Korean, Jewish, Pakistani, Indian, Mexican, Italian and other ethnic groups have come to America and within one generation create their unique communities and economies. This is a social imperative for African Americans now. We must create vehicles of commerce, systems that interface with the larger world economy and finally create independence. This is what is being demanded of African Americans. It is not beyond us to do. Nor is it unfair to ask of us. We are better equipped than any other people to create and manage systems that allow us no longer to have dependence on a government or a corporation in order to survive and thrive.

To make this independence a reality we must expand our efforts to

1. Emphasize business creation over job creation which will allow us to employ African Americans leaving the American workforce,

2. Engage the larger world market opportunities by focusing our investments on commodities and their instruments of exchange, as well as the global currency exchange-FOREX. Doing this will allow us to access impersonal wealth creation options, dependent not on our labor but on our investments,

3. Identify and economically isolate-from our dollars-those companies whose policies damage our communities and our individual well-being., in other words refrain from making our enemies rich. The tools for making this important transition are available now. The Virtual Of African Americans is committed to making these tools and resources available here.