Race and Demographics

Worsening wealth inequality by race

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NEW YORK (CNNMoney) -- White Americans have 22 times more wealth than blacks -- a gap that nearly doubled during the Great Recession.

The median household net worth for whites was $110,729 in 2010, versus $4,995 for blacks, according to recently released Census Bureau figures.

The difference is similarly notable when it comes to Hispanics, who had a median household net worth of $7,424. The ratio between white and Hispanic wealth expanded to 15 to 1.

The gap between the races widened considerably during the recent economic downturn, which whites weathered better than blacks, Hispanics and Asians.

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Despite the election of a negro to the White House, met with choruses of hallelujahs by blacks and white liberals all over the world, the net worth of blacks has steadily declined since.

How this can be is puzzling indeed. I mean, if he was elected because of his race - which all the evidence suggests he was - then in whose interest was such an appointment? Because it certainly doesn't seem to have been in the interests of blacks.

People always take shit from face value. Most people are dumb. They will believe in something either because they want it to be so or they fear it to be so. For one who wants power one only has to observe these things then act when the time is ripe.

And is it not true that blacks are the dumbest, as has been proven time and again by IQ results?

Blacks have simply been hoodwinked out of reparations. Instead of waging war for a sum of money that would have drastically changed their fortunes, they've been sold a dummy... and robbed in the process. But this is nothing new, only the repetitive and predictable behavior of a organism whose simple nature has been studied and known for centuries. As a simple organism they've always been more concerned with how they physically appear to others, making the media a perfect tool with which to manipulate them. Hence the complaint of black 'intellectuals' over the lack of blacks on television and in films is really a revealing insight into how dependent they are upon images, especially when those images are conveyed to millions, because for them the media is reality as it is the only place where the fantasy of equality can be maintained and the reality of nature concealed. As I've mentioned before, white liberals have been complicit in this calling for greater representation. They are not trying to save blacks or even help them, but only to look after themselves. It's another method of exploitation and control as the world is not some childish Disneyland where everything is fluffy, harmless and out to protect us.

From the article:

"The main reason blacks and Hispanics did not fare as well during the economic downturn is that home equity makes up more of their wealth than it does for whites. The housing bubble that preceded the collapse pushed up homeownership rates among blacks and Hispanics, who relied more heavily on high-cost subprime loans to finance their purchases."

*Puts on economics cap*

So, the subprime loan fiasco actually started, if I'm remembering history correctly, in order to make sure more poor families could get the loans they 'needed' to become home 'owners'. Black people, being overwhelmingly poor and also overwhelmingly stupid, saw that they were handing out loans left and right and thought they'd get a piece of that pie. They also saw the apparent worth (ie immediate cost) of homes going up, and thought that if they invested in a home now, perhaps they could make some money on it!

So, the housing market got flooded by the negroids. When demand increases, as it did, so rapidly and also artificially, naturally prices will go up too. If more and more people are finding it easier to come up with the money for a good, the good can obviously be sold at higher and higher prices, so the cost of the homes goes up, negroids see it, they get more loans, demand rises, the cost of the homes goes up, negroids see it, they get more loans...it's a viscous cycle. Should be easy to see why the word 'bubble' is appropriate here: the actual worth of the homes wasn't going up, it was just being artificially inflated (like a bubble or balloon) by the cycle of demand increasing because apparent worth is increasing because demand is increasing, etc.

And so, they say that the gap was increased during the economic downturn. But, obviously that's what happens when a big chunk of one race invests poorly -- when you invest poorly, you lose money! That's what happens! So when you take out big loans to get into a market that's made of a soon-to-burst bubble, you're making a poor investment, and yes, you'll lose money!

So, in the end, I just wanted to point out this irony: the government programs way back when, in the late 90s continuing on into the 2000s, that were supporting the subprime loan deals -- the purpose of those government programs was explicitly to get poor people into more homes, and undoubtedly one of the goals was to specifically get BLACK people into more homes, increase black ownership of homes. So, good ol' government comes along, sees that poor people -- black people -- don't own enough houses, decides to help them out by making it easier for them to get loans for houses, creates a big housing bubble in which black people are over-invested, and then when the bubble bursts black people end up all the worse for this initially benevolent policy. God I LOVE this irony. It's brilliant.

God, the government is just this big clumsy oaf. It's like a big gentle giant -- it sees that you're in need, trying to get over a river or something, and so it picks you up and tosses you over the river, thinking you'll land safely on the other side and continue your journey. Unsurprisingly, the toss ends up breaking every bone in your body upon landing, and you rue the day the benevolent giant ever tried to help you.

Also it has been verified, with studies done on children, that Negroes are more prone to go for the immediate reward rather than wait, postponing gratification, for a possible greater future reward.

This makes Negroes, like all primitive minds, more impressionable and more ideal as consumers, in a capitalistic system.
Decades after they were "freed" from the white man's slavery they turn themselves into willing slaves to a system they cannot resist or think outside of.

This is the sophistication of the present modern system. It exploits slaves convincing them that their enslavement is liberty and their choices,, the ones they are given and manipulated into taking, are made freely.
Slaves who worship their chains and admire their slave-owners.

Look at the modern cult-of=personality. Look at how "Joe the plumber", a lower middle-class fucktard, supports the wealthy because he's been convinced that he's a rich man in waiting.

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kremlin wrote:

God, the government is just this big clumsy oaf. It's like a big gentle giant -- it sees that you're in need, trying to get over a river or something, and so it picks you up and tosses you over the river, thinking you'll land safely on the other side and continue your journey. Unsurprisingly, the toss ends up breaking every bone in your body upon landing, and you rue the day the benevolent giant ever tried to help you.

But isn't benevolence usually an act of the wealthy, whereby they expect some kind of return such as public recognition or an entry into the history books or something engraved in stone? Has Bill Gates kept quiet about his charity work in India or the fact that he described Indians as intelligent? In other words it's not given freely. The government is always acting to control and maintain certain social and economic forces. Like those who go into social work or psychology claiming they want to 'help people' is utter bullshit. They want to control that which at some point may end up threatening them or the stability and integrity of the human herd to which they belong, they also, hypocritically, want to gain insight into methods by which they might control the behavior of others and which will lend them an advantage in life. And under these socially recognized forces are darker ones still, the biological and the physical, a world hidden from our consciousness where the struggle for existence is far more alien and unforgiving than our own, but which may eventually determine the course of our existence.

Hence my question was in whose benefit was the election of a black man to the White House?

It was clearly the numbers of white liberal voters who put him in office, and it is that group which has benefited economically since he has been in power. That doesn't necessarily mean he has personally done anything to explicitly help them over other racial groups, the fact he is black has been their pay-off. America is no longer a racist country, reparations are off the table, and programs to help blacks are fading. The economic forces were outside of his control anyway.

Doesn't it make sense then that the government would have helped blacks get these sub prime loans, without asking too many questions, as a giant oaf would think he was doing you a favor by tossing you over a river, without providing the proper care and attention in doing so he was only ever doing it to satisfy his own self-image as that of savior and benefactor.