African-Americans possess significant economic power, spending approximately $1.8-2 trillion annually, which is 4-5 times higher than South Africa's GDP, yet this wealth often flows through without being retained or invested; achieving financial freedom requires consistent investment strategies such as investing $5 daily or $500 monthly in the stock market, which can yield substantial returns over time and break free from systemic economic constraints.
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Deep Dive
Dr Boyce freaks out over South AfricaAdded:
What's over here?
We have the Indian Ocean and what makes the cloud there is the air.
What air? Yeah, and then cold air from the other side.
That's called Table Top Mountain. I think it's it's called Table Top Mountain, right?
Table Mountain. Or Table Mountain, okay.
Table Mountain, yeah.
Yes, ma'am. We're at the edge of the Indian and the Atlantic Oceans.
Are you kidding me? I kid you not.
That's amazing.
Why they call Cape Point? Well, look at this guy.
But it's not really there where it meets.
The two oceans meet anywhere between Cape Agulhas and the the Cape, yeah.
So, it all depends on the strength of the Mozambique current.
So, each and every every day they can meet at a different point.
That's why the people of Agulhas they are very angry because right here we have what they call the Two Oceans Marathon, the Two Oceans Cycle Ride, Two Oceans that and then they say, "No, it's not right. We we also part of it."
Wow. Wow. Because what they sell memorabilia and stuff, you understand?
Look at the Look at the sky, boys. Look at the sunset. Yeah, that's that's that's beautiful right there.
Yeah, I didn't know Cape Town was this pretty. I didn't know it was here.
I didn't know I was missing it. I went to Botswana and uh Johannesburg last time, but I I've never been to Cape Town.
Look at this.
You know what's funny about Africa, you all? You guys know I'm always looking at the economic angle, right? And with the apartheid and um and the mistake of apartheid in the Mandela era was they fought for the politics, you know, they they wanted they for good reason the right to vote things like that, but they didn't fight for the economics and they got screwed.
So basically South Africa is the most economically unequal nation on the entire planet in terms of race. White people own pretty much everything and so you know, I remember one of the leaders once said that if you don't fight for your economics then colonizers will return as investors. They'll come back and call themselves investors and really they become new colonizers and they end up controlling you. Let me know if you guys can hear me okay.
And so here's the thing that's interesting about Africa and South Africa.
Did you all know that African-American people, the $1.8 trillion per year that we spend, it's all it's approaching $2 trillion. Did you know that the the money that black people give away every year is about four to five times higher than the gross domestic product of South Africa.
That South Africa and all their rich white people, that we are richer we are four to five times richer than all the richest white people in South Africa.
And so the African-American economy has the economic power to literally transform any African country that we choose to invest in. Any country Remember South Africa is the richest.
They have the highest gross domestic product, but we're all we're also ahead of Australia, we're ahead of ahead of pretty much every all the all the countries on the planet except maybe 11 or 12. If African-American people were a country they'd be one of the 12 richest countries on the planet. So what's really interesting is you still hear people run around talking about black people are all we're still oppressed. We ain't got nothing. You ain't [ __ ] oppressed.
Your mind is oppressed. That's the problem. Your commitment to financial literacy is oppressed. Your commitment to ownership is oppressed, but you're not oppressed.
Let's just be clear. There's no country on Earth that has a GDP that high that would call itself oppressed. All right, so so let's not with the oppression talk, let's start with the the ownership talk, all right? Stop talking about how you're stuck and can't move and start talking about all the moves that you can make. Uh I I really think I mean this trip to South Africa, and we do a trip like this every year. Uh we we last year we went to uh Ghana as a group. Uh this the year before that we went to Egypt.
This trip to South Africa really every time I come to Africa, there's like another piece of me that just awakens where I'm like, holy crap, what an opportunity that we have. How much Look at how much we could do if we get our mind right. If we commit as much as All we got to do is very easy. It's not hard. It's not complex. All we have to do is have as much of a commitment to investing and ownership as we have to playing basketball, throwing footballs, you know, rapping for white people, and all and celebrity gossip. If we were as committed to wealth as we are to celebrity gossip, we would single-handedly take over this freaking planet. We would become a superpower. Do you understand family? Do you hear what I'm saying? We would be as black Americans, we already are an economic superpower. We just have to become an intellectual superpower, all right? We have to become a political superpower, and that all translates if you harness the wealth that you have. You've been trained to give it away. You've been trained to consume. You've been trained to buy things. You've been trained to want to put designer labels on your ass, and and somehow do you think that makes you a better person? You've been trained to trade in your your land and your businesses for student loans and corporate jobs, and the reality is that that's wrong. Black people must educate black people, period. We keep getting our kids educated by these people that indoctrinate them into a system of excessive consumption, giving all your money away, wasting all your wealth, and then you run around and saying you ain't got nothing when you've had a lot. You have a lot of wealth runs through you like freaking financial diarrhea. It runs right through you. We eat it, and then we we just [ __ ] it out, and nobody stops to say, "What are we doing?" You don't understand, you are the sleeping giant out here. Africa is a sleeping giant. You get one sleeping giant that helps to wake up the other giant, then you literally have a global domination process. You have a process of global economic supremacy. Like we have the ability in this generation to start things. It's already begun. We've already been doing this. I told you about Project 2070. All y'all want to talk about Project 2025. I never give a damn about Project 2025. I It may be out there. I I don't know. I don't care. I talk about Project 2070. Project 2070 is our plan. They have the ability to make plans for their children. Well, so do we. So, Project 2070 is something that I put together in 2013. Dr. Cornell West and Farrakhan and others uh supported me on this. I I did a national tour talking about Project 2070. And Project 2070 was that by the year 2070, African-American people would be known throughout the world for our economic capability. That black people would be known of to be better at economics than the Jews. We'd be better We'd be better at economics than the Asians. We'd be better at economics than white people. We would absolutely, positively have children that are known as much for our academic and economic ability as we are for our athletic ability. Do you understand? Right? So, you got the trillion-dollar athletes. Now, you need your trillion-dollar economic athletes.
And all it takes It's not hard. It's not really hard. That's the thing that people don't understand. It's not a complex process. Literally, little things like when we talk about the $5-a-day investment plan, which says that if you invest just $5 a day of your money, less than a Popeyes chicken value meal, you would be financially secure in less than a decade. If you do If you put the same amount of money in the stock market as you put into your car note, the average car note in America for a used car, just a used car, not a new one, a used car is $500 a month. If a person invests $500 a month in the S&P 500, in 5 years, you are in liquid. You have $38,000 in your account. After 10 years, you got $100,000. After 20 years, you have $300,000. So, what does that do? What does that do? Well, that frees you. That liberates you. That's how you break out of your self-imposed apartheid cuz we do have an apartheid in the United States, an economic apartheid.
It's very systematic and it's designed around this simple idea that most black people don't have freedom and don't have power because every day we got to get up and go work for a white man. Every day we got to get up and go slave for masses. So, so that blocks you from your passion. It blocks you from your purpose. It blocks you from everything that God had in store for you because cuz you got to go to work that day. So, thank you.
Oh, wait.
Oh, yeah, I got it. Thank you.
I'm waiting on Alicia. Alicia's over here doing something, too. So, anyway, all right, so I'm done I'm done talking.
Let me finish up. So, look at that beautiful view. This is called Table Mountain and we're in Cape Town and this brother's going to grab a bag. How you doing, man?
>> Good. How are you? I'm doing very well.
Thank you.
So, let me let me go and hang up with you. I got to I got to give the brother a tip for taking my bags. So, yeah, you got to tip a lot. And the the average wage in South Africa is really low compared to the US. Uh South Africa's considered a rich economy by African standards.
Um I think but I think at the hotel we're at, the average wage is something like $1,200 a month or it's a thousand a month or something like that. So, I'd like to just carry a pocketful of money and just give just tip everybody cuz it makes a big difference to them. So, when you come to these countries, make sure you're generous. Um and you ain't got to spend a lot. Just just spend what you can and and tip, you know, handsomely and and I don't think I tip I don't think I've had to tip any non-black people. I I tip our people first of course. So, anyway, I'm out of here, guys. Uh take Have a good day. And if you want to go on a trip with us in the future, uh you know, it's these these trips are really fun. Next year we're probably going to do Tanzania. So, you can actually take Get out your phone. Text the word travel on your phone to the phone number 87948. So, don't put travel in the comments. Uh text travel to 87948. I'll let you guys know when we do the next trip. The next one's going to be big. This one was small because I stopped really promoting it because we because of the war. I didn't know how the war was going to shape up and I didn't really know if I wanted to be flying internationally during a heated war.
Uh so, this is just a small kind of elite group of people, but next time we'll probably we might have like 100 150 people. It's going to be much bigger and it's been so much fun. So, you guys can join us. All right, so have a good day everybody. Love you. Talk to you soon. Peace.
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