The following fluff piece from Fortune should be considered in the context of the following from FUNKTIONARY
Bank - formerly a safe place to store wealth—now a place that expropriates wealth with credit that its agents create out of nothing (Federal Reserve Banks) or via theft of an alleged borrower's promissory note by fraudulent concealment and unequal protection under the law (in member Commercial banks). The place where "the actual process of money 'creation' takes place." 2) a system of recording, tracking, and altering entries (fiduciary accounting media units) upon notice (authorization) by its producer-participant creator-redeemers. 3) a place where you will never be left a loan. Bank is short for "bankrupt." All banks that pretend to practice fractional reserve banking (really fictional—thus the pretense) are inherently bankrupt, i.e., it cannot redeem all the 'money' titles (notes) it has issued. Since what is being used as "money" is intangible, there is nothing (no thing or substance) with which to redeem. Whenever you see the word "bank" clearly overstand that a con game is being perpetrated on you and whoever participates in that system of sanctioned (allowed) transparent theft. (See: Cultural Induction, ROB. Currency Switch, Dollar, Gangbanking, "Credit" & "Monetized Debt")
banker - a person who "creates" "money" psychologically by simply recording numbers (through fraudulent concealment; ill-defined property rights as to who exclusively "owns" the deposit) in/on a "depositor's" account and fools the "depositor* of the Uniform Commercial Code negotiable instrument into believing he/she is really a "borrower." 2) a person who loans nothing and charges interest (vapor) on the privilege to record and keep track of numbers manually and electronically. 3) one who operates or manages a bank operation (bank-job). 4) a pawn broker with a shave. (See: Bankster, Bank Loan, Gangbanking, Usury, Interest, Fractional Reserve Banking, Fictional Reserve Banking, Central Bank, "Credit" & Currency Switch)
bankers - pillagers of the community (through usury, inflation, credit-debt, vaguely-defined property rights, vapor charge, and fraudulent concealment) disguised as pillars of the community. 2) Vaudevillains. (See: Bankster, Gangbanking & Usury)
banking - a fraudulent mis-information system (distorting actual property rights) and practice prohibited by at least six states in their earlier constitutions. 2) a history of fraud and deceit; conceived in inequity and born in sin. 3) the process by which people pledge existent wealth and a negotiable IOU for fiduciary media in the form of "monetized debt." 4) a dis-information system designed by and for the aristocratic/phallocratic non-producing class. 5) a legalized crime. Without contributing anything in return, banking (win-lose; zero-sum paradigms) siphon off the property and prosperity that win-win economies can produce. Chain-banking (gangbanking) drain economies until we reach the end of the dirty game called "monetize debt" and the pathological system of exploitation through which it operates—debt-based economies. Banking tricks for imperceptibly siphoning economies (transferring wealth via stealth) are pervasive as the weather, though none of them counts as truly economic. Stealing is never economical. Creating fictitious value (creating deposit credits) and pretending it to be a "loan" of actual existing (already earned) symbolic value isn't exchange. It is subterfuge, fraud and deception. Profiting from contrived scarcity isn't exchange. It is theft through manipulation and control of information. Speculating on currencies isn't exchange. What good does betting on the weather have to economies? If you control weather patterns and the relative exchange value of political currencies, then you can make a windfall profit—but don't include it as exchange. Cornering and controlling markets isn't exchange. Creating imaginary demand and then charging interest on fictitious value isn't exchange. Banking, under the scarcity-premise of debt-based economies distorts and abort exchange, rather than facilitate it. Banks don't need bailing out— they need hauling out—reconfigured where they are strictly prohibited by law to create surrogate exchange-value (purchasing power, i.e., "money" in whatever form) in excess of the actual service-value they provide to customers as general ledger accounting and clearinghouse systems for and between those who actually produce value and wealth and the symbolic media that act as claims on them in open exchange. When you truly overstand modem banking, the crime is as easy to detect as someone breaking into your home and exiting with your belongings. The legalized crime of banking is as pervasive as the air »e breathe but that's not an environment we should either accept or bequeath. (See: Scarcity, Exchange, "Credit," Value, Political Money, Gangbanking, Debt-Based, "Monetized Debt," Voluntary Exchange, Plutocracy, Monetary System, Fascism, Monetary Realism, Dollar & LOP-Sided Banking)
From [Fortune] By combining its philanthropic and business resources, J.P. Morgan has embarked on a new leading initiative called, Advancing Black Pathways. J.P. Morgan understands that there are substantial racial differences in three key areas: Career advancement, wealth opportunities, and within the education system. Under the inspired leadership of Sekou Kaalund and Thasunda Brown Duckett, these two powerhouse individuals, along with their team are dedicating time and energy to implementing programs, partnerships, and ideas that will create the economic success needed in the Black community.
“We want Blacks to be exposed to the financial tools, so that they can effectively engage in the banking system. We want to help them become a part of the financial system and not in the shadows,” says Kaalund. As a result of historical experiences, many Blacks find it hard to trust banks, and in fact, 17% of African American consumers do not have a bank account. Furthermore, 33% of African American consumers rely on alternative financial services such as payday loans, and many Blacks have decided to opt out of the banking system. Kaalund passionately says that “this is the mentality we want to shift. The opting out to opting in.” With dynamic campaigns such as Currency Conversations, J.P. Morgan has teamed up with Essence, and they are traveling the country discussing money with Black women. Black women are usually the CFO of the household, and J.P. Morgan is curating content and programs to help educate them. The objectives of these conversations are to help, guide, and support women on their wealth building journey. “Currency Conversations is not about selling products. It’s about having those conversations and candid finance discussions. Let’s facilitate a real and honest conversation so that you create financial accountability partners within your circle,” says Kaalund. With financial experts and community ambassadors of all ages, Currency Conversations is looking to help 20,000 Black women across the country both pledge and make a commitment to financial success!
“Our goal is to get the needed financial tools out to the community in a culturally relevant way. We want to relate to the community so that they can better digest and better understand what is given,” says Kaalund.
J.P. Morgan is shifting the narrative and they are focusing on the fundamentals. “When you provide individuals with a foundation, they can build on that foundation,” says Kaalund. It’s not that the Black community does not want to learn how to build wealth; they instead need help with breaking down both the mental and financial barriers that are stopping them from thriving in America. Whether it be designing financial tools and providing support to increase home ownership or the Entrepreneurs of Color Fund that provides capital to Black businesses, J.P. Morgan has a dedicated team who understands, believes, and focuses on solutions that will help Blacks increase their net worth. With the help of a dynamic Advisory Council, both Kaalund and Duckett, have the opportunity to pour out, but in a scalable way. The two are a force to be reckoned with, and they are here to drive outcome and impact at J.P. Morgan.
This dynamic, one of a kind initiative will soon create a shift in America’s current economic disparities. [lol there is no way to measure any of this crap]. J.P. Morgan plans to create a space where the African Americans will not only learn how to thrive financially, but they will also believe that it is possible. The discussions around financial health, the access to capital and support for Black businesses, the career advancement opportunities for students, and more are at the core of The Advancing Black Pathways initiative. J.P. Morgan is ultimately making a broader dent, so that wealth in the Black community grows. They are ready to make a large impact, and they hope other corporations will soon follow. The Advancing Black Pathways effort is one that will leave a compelling and lasting imprint on the hearts and bank accounts of those in the Black community. With a culturally driven, uniquely designed, and committed approach, The Advancing Black Pathways initiative is giving Blacks the confidence they need to walk forward and fulfill their dreams. [MORE]