Latest / Gil I Am / Dr. George Fraser - Black People are Heading into a Second Slavery

Transcript

Dr. George Fraser - Black People are Heading into a Second Slavery · Gil I Am

0:02
Speaker 1: The sexiest thing, the sexiest thing that a black man
0:08
Speaker 1: can do today, just.
0:11
Speaker 2: To me, probably.
0:16
Speaker 1: More hears you wrong me, I speak from experience. Uh yes,
0:32
Speaker 1: I am black. For those of you who were not
0:40
Speaker 1: entirely sure, that is the beauty of our culture and race.
0:43
Speaker 1: Become in all shapes and sizes and skin tones and
0:46
Speaker 1: hair textures. Lots of options out there, brothers and sisters.
0:50
Speaker 1: No need to stray now. I can say that because
1:04
Speaker 1: I've been married to the same sister, I said, sister.
1:10
Speaker 1: All right, big ones, that's four or five people ask
1:22
Speaker 1: me all the time. Doctor phrase it. What is the
1:24
Speaker 1: secret to me to staying married to the same sister
1:26
Speaker 1: for forty five years? And it's a one word secret
1:31
Speaker 1: amnesia in forty five years, Norah Jeane's gonna do something stupid.
1:37
Speaker 1: I'm gonna do something stupid. We discuss the stupid things
1:40
Speaker 1: that we have done. Bishop, we reach middle ground, We
1:49
Speaker 1: bless it and release it, never to bring it up again.
1:54
Speaker 1: All right, and we go about raising our family, loving
1:57
Speaker 1: our children, and serving our people till death do us part.
2:04
Speaker 1: That's good. That is the key to success in the
2:09
Speaker 1: black community. A strong Black family, a strong that is
2:15
Speaker 1: a whole of a god will put a pin in
2:20
Speaker 1: because we just don't have time to unpack that one.
2:27
Speaker 1: But it's huge. Now all that needed to be said
2:34
Speaker 1: today has already been said. I got here at eight
2:40
Speaker 1: o'clock this morning. I sat patiently and listened to sixty
2:46
Speaker 1: seventy brothers and sisters speak with brilliance, with intelligence, with
2:53
Speaker 1: calm and collaboration.
2:59
Speaker 2: It was just a beautiful thing to see.
3:03
Speaker 1: And they covered everything that you could possibly want to cover.
3:08
Speaker 1: So A I applaud you for that, Benzel. I know
3:15
Speaker 1: you often call yourself Denzel. Everybody else but you at
3:22
Speaker 1: the bomb dot com there we are. You are about
3:30
Speaker 1: it four black people. I love you for that. You are,
3:34
Speaker 1: in fact a raceman as I am a raceman. That
3:39
Speaker 1: we have committed our time, count and treasure to the
3:43
Speaker 1: investment and the upliftment of black people. First, I didn't
3:48
Speaker 1: say only, but I said first, and I love you
3:52
Speaker 1: for that. So let me say this to you from
3:56
Speaker 1: my heart. If I could not be me, I would
4:00
Speaker 1: want to be used your dad, brother. I appreciate you,
4:05
Speaker 1: and and and and and the people that you collesced
4:12
Speaker 1: around a powerful vision for the future a black folk
4:18
Speaker 1: in Denver. Now you are going to have obstacles. One
4:34
Speaker 1: of my favorite quotes is from Marcus Aurelius. Marcus Aurelius
4:41
Speaker 1: was one of the five Great Ceases, and it was
4:47
Speaker 1: Marcus Aurelius who said that the impediment to action advances action.
4:54
Speaker 1: Mm hmmm, that what stands in the way because the way.
5:04
Speaker 1: Let me say that differently, Where there is no obstacle,
5:13
Speaker 1: there is no way. When God gives you an assignment
5:19
Speaker 1: when you're ready, the next thing God does his place
5:25
Speaker 1: is an obstacle in front of that assignment. In your job,
5:31
Speaker 1: your assignment is to get over, around, through under the obstacle.
5:37
Speaker 1: And when you prove to God that you can do that,
5:43
Speaker 1: God checks off a box, gives you an had a
5:46
Speaker 1: boy or an had a girl.
5:49
Speaker 2: And then you get a new assignment.
5:53
Speaker 1: And as soon as He gives you a new assignment,
5:57
Speaker 1: an obstacle is to put in your way, and your
6:02
Speaker 1: job at that moment in time is to find a
6:04
Speaker 1: way over, around, and through the obstacle.
6:07
Speaker 2: And for four hundred years, Africans in America.
6:14
Speaker 1: Have found a way over, around and through the obstacle.
6:24
Speaker 1: And when we look back on our lives, we understand
6:31
Speaker 1: that the obstacle for us is the way we are
6:36
Speaker 1: an awesome and beautiful and powerful people and we need
6:45
Speaker 1: to act like it, all right. And maybe the best
6:50
Speaker 1: thing that has happened to us, because God works in
6:52
Speaker 1: mysterious ways, maybe the best thing that has happened to
6:56
Speaker 1: black people is Donald Trump, that racist, narcissistic food has
7:11
Speaker 1: demonstrated to us what he thinks of us and what
7:18
Speaker 1: so much of America thinks of us. Now, we have
7:23
Speaker 1: always suspected, we have always complained, we've always saber ratic
7:33
Speaker 1: what we now know to be true. America elected Donald Trump,
7:46
Speaker 1: and we now know what so much and so many
7:49
Speaker 1: of America think about us. But we've had that suspicion
7:55
Speaker 1: within know we can almost say it ain't nothing new.
8:00
Speaker 1: But now it's been proven. M it's been proven. So
8:04
Speaker 1: this is a good thing. This I think will motivate
8:07
Speaker 1: us to understand that we are in a state of urgency.
8:17
Speaker 2: We are in a state of emergency.
8:20
Speaker 1: If you will. Interesting article in the Wall Street Journal,
8:26
Speaker 1: I hope you saw it. Interesting It said the financial
8:30
Speaker 1: illiteracy is an American problem.
8:33
Speaker 2: That's what the Wall Street Journal said.
8:35
Speaker 1: Financial illiteracy is an American problem.
8:40
Speaker 2: And demand get that America.
8:43
Speaker 1: Both the public, private, and independent sector invests billions of
8:48
Speaker 1: dollars in bringing America to financial literacy.
8:54
Speaker 2: That's the Wall Street Journal set in an editorial.
8:57
Speaker 1: Now, we know that when white folk catch a cold,
9:01
Speaker 1: black people catch pneumonia. So if financial illiteracy is an
9:05
Speaker 1: American problem, it is ten times the problem in our community,
9:10
Speaker 1: all right.
9:12
Speaker 2: We understand that.
9:17
Speaker 1: Therefore, it is time for us to put economic development
9:21
Speaker 1: and wealth creation closing the income in wealth gap between
9:24
Speaker 1: blacks and whites in America. I did not say blacks
9:26
Speaker 1: and Hispanics. I did not say blacks and Asians. I
9:29
Speaker 1: did not say blacks and o I said blacks and
9:32
Speaker 1: white folks. That's what I said, because that's where our
9:36
Speaker 1: issue is. It is time for us to close that gap.
9:47
Speaker 1: It is time for us to put economic development on
9:50
Speaker 1: the front burner. It is time for us to create
9:53
Speaker 1: a mantra and slogan around that idea. And that mantra
9:57
Speaker 1: and slogan, as I have been saying for the last
10:00
Speaker 1: five years, is that economics is the new Black power.
10:03
Speaker 1: Economics must now become the new black power, all right.
10:09
Speaker 1: And this cannot be done without the cooperation, the investment,
10:16
Speaker 1: and the engagement of the most important, the most trusted
10:20
Speaker 1: institution in our culture, and that is the Black Church.
10:26
Speaker 1: They must touch it.
10:31
Speaker 2: And so we must devise.
10:32
Speaker 1: A system that allows us morally and spiritually to fulfill
10:39
Speaker 1: Proverbs thirteen twenty two that a good man leaves an
10:43
Speaker 1: inheritance to his children's children. That is what the Pible wants.
10:51
Speaker 1: Interesting article on the front page of USA today. Thank
10:58
Speaker 1: god it was below the fall, but it was on
11:01
Speaker 1: the front page. But here's an essence what the article said.
11:08
Speaker 1: It said that if nothing changes among African Americans, no, let.
11:13
Speaker 2: Me back up potato. That was another article.
11:16
Speaker 1: This one said that African American baby booners African American
11:21
Speaker 1: baby boomers will be the first generation of Africans in
11:24
Speaker 1: America to raise another generation of Africans in America that
11:28
Speaker 1: will not do better than them. So on the four
11:30
Speaker 1: hundred year history of our people in this country, we
11:33
Speaker 1: are the only generation to raise another generation that will
11:37
Speaker 1: be worse off. We need our asses, kid, Our ancestors
11:43
Speaker 1: and fathers must be rolling over and they're gray. All right,
11:50
Speaker 1: you can count me out of that statistic. I will
11:54
Speaker 1: not participate and you must not participate in that statistic.
12:01
Speaker 1: Understand that everything we do, we do for our children,
12:05
Speaker 1: just as everything our parents did they did for us.
12:09
Speaker 1: We cannot allow this to happen, not on our wash.
12:18
Speaker 1: Further investigation, further studies, further statistics tell us as written
12:27
Speaker 1: in the Institute of Policy Studies, a major report, a
12:30
Speaker 1: two hundred days report on the wealth gap between blacks
12:32
Speaker 1: and white folks in America. Check it out on Google
12:35
Speaker 1: The Institute of Policy Studies April of two sixteen. Here
12:38
Speaker 1: is the conclusion of that study. And I quote from
12:40
Speaker 1: the study. If nothing changes among African Americans, it will
12:44
Speaker 1: take them two hundred and twenty eight years, if ever,
12:46
Speaker 1: to close the wealth gap between blacks and whites in America.
12:49
Speaker 1: But it will take Hispanics eighty nine years. It will
12:53
Speaker 1: take us two hundred and twenty eight years, if ever.
12:56
Speaker 1: I didn't add if ever, that's in the report. That's
13:01
Speaker 1: almost the amount of time it took us to become
13:04
Speaker 1: free from slavery. But why will it take eighty nine
13:08
Speaker 1: years for Hispanics and take us two hundred and twenty
13:11
Speaker 1: eight years? Well, the answer should be out of the
13:14
Speaker 1: years to everyone. One of the most important value in
13:18
Speaker 1: the Hispanic community familia family. Therefore, they have two working
13:25
Speaker 1: on their economic state. And we have one cover story
13:40
Speaker 1: Fortune Magazine September of last year, very interesting story about
13:50
Speaker 1: the wealth gap between blacks and whites in America.
13:55
Speaker 2: Here's a conclusion of that study.
13:56
Speaker 1: By twenty fifty three, just ten years after the country
13:59
Speaker 1: is projected to become majority non white, black median families
14:04
Speaker 1: will own zero wealth.
14:06
Speaker 2: If current trends continue.
14:08
Speaker 1: Twenty years later, Latino median families will follow suit. White
14:12
Speaker 1: median families will continue to own six figures two hundred
14:15
Speaker 1: and forty seven, five hundred dollars Fortune Magazine last year.
14:22
Speaker 1: So the prediction with all of the think tanks in Washington,
14:28
Speaker 1: DC is if we don't get our act together, we
14:34
Speaker 1: will have no money in a market based economy and
14:38
Speaker 1: a democratic capitalistic society. We will work our way brothers
14:42
Speaker 1: and sisters into a second slavery. Now that's not hype.
14:49
Speaker 1: I'm not exaggerating. The shots have been fired, the flares
14:56
Speaker 1: have been fired. So we can either listen and do something.
15:04
Speaker 3: Oh, we can continue to party, make Grammy nominated rap songs,
15:17
Speaker 3: buy our red bottoms, Gucci's and pharogamals.
15:25
Speaker 1: Way, all this stuff, right, Let's just see if white
15:31
Speaker 1: folks are right now. That brings me to.
15:40
Speaker 2: A crossroads that we have to.
15:44
Speaker 1: Engage. In nineteen sixty five, Daniel Patrick Moore in a
15:51
Speaker 1: hand at the beat at the wish of Lyndon Johnson,
15:56
Speaker 1: President Lyndon Johnson to the major reportings study on the
16:00
Speaker 1: state of the black family was called the Moynihan Report.
16:10
Speaker 1: Doniel Patrick moynihan was a New York liberal Harvard graduated,
16:17
Speaker 1: did his work, published the report, and basically the report
16:22
Speaker 1: said the following. What he noticed through statistical.
16:26
Speaker 2: Gathering is that the out of wedlock birth rate.
16:31
Speaker 1: Among black families was five times that of white families
16:35
Speaker 1: in nineteen sixty three and four, and ultimately publishing five
16:41
Speaker 1: out of wedlock births were at about twenty five percent then,
16:44
Speaker 1: and in the white community it was about five percent,
16:47
Speaker 1: and we were five times shared. And Doniel Patrick moynihan
16:51
Speaker 1: basically said in his own you know, Northeastern Norway, their
16:57
Speaker 1: brothers and sisters, and this is what the statistics. But
17:01
Speaker 1: the federal government cannot legislate. You're screwing God. That's on you.
17:10
Speaker 1: We can't tell you when and who to screw. But
17:15
Speaker 1: here's what's happening as a result of what you're doing.
17:20
Speaker 1: Your rates are five times higher than our rates. And
17:25
Speaker 1: if that trend trend continues and you do nothing about
17:29
Speaker 1: it and you ignore it, within twenty to forty years,
17:33
Speaker 1: your out of wedlock birth rate will get to the
17:36
Speaker 1: sixties and seventy percent. That will infect, affect and effect
17:43
Speaker 1: the black family structure and ultimately lead you into poverty. Oh,
17:50
Speaker 1: the report was published and we were pissed racist Patrick
17:56
Speaker 1: Daniel Patrick morning, and we did nothing. And what happened
18:07
Speaker 1: exactly what they reported. So we don't have to listen
18:15
Speaker 1: to the statistics. We can just continue doing what we're doing.
18:21
Speaker 1: That's if you wanna do that. I have chosen not
18:26
Speaker 1: to do that because although the prediction is that by
18:31
Speaker 1: twenty fifty three, this will occur to us. If you
18:37
Speaker 1: read the national coverage of the front page story in
18:42
Speaker 1: December of last year in the Boston Globe about black
18:46
Speaker 1: people and their money in Boston, it made national news.
18:52
Speaker 1: It's all on the national news. Bishop Boston, one of
18:58
Speaker 1: the wealthiest cities, owner the home of America's most elite
19:04
Speaker 1: education Harvard MIT, Boston College, Brent Moss, Sarah Lawrence, Boston University.
19:16
Speaker 1: Here was the major headline in the Boston Globe. I
19:19
Speaker 1: read to you the headline. The headline was so egregious
19:22
Speaker 1: even the headline had to qualify the end result.
19:28
Speaker 2: Here's a headliner. This is no typo.
19:33
Speaker 1: The media networth of Black Bostonians really is eight dollars,
19:41
Speaker 1: I said, eight dollars. One of the wealthiest cities in America,
19:48
Speaker 1: Black Bostonians are worth eight bucks. Now, I thought the
19:52
Speaker 1: prediction and Fortune magazine is that we would be broke
19:56
Speaker 1: by twenty fifty three. Well, Black Bostonians are about twenty
20:00
Speaker 1: years ahead a time. We don't have to do anything,
20:10
Speaker 1: but I'm recommending that we do something. I'm recommending that
20:16
Speaker 1: we tackle the problem. And I really see it. I
20:22
Speaker 1: talked about this earlier. I don't really see it as
20:24
Speaker 1: a problem because I'm an entrepreneurial thinker and have been
20:28
Speaker 1: all my life. I see it as a massive opportunity
20:31
Speaker 1: to provide education and training to forty six million black people.
20:37
Speaker 1: That's what I see massive. It's something that we're capable
20:41
Speaker 1: of doing ourselves. So with that thought in mind, three
20:46
Speaker 1: years ago, I began thinking through what was the system
20:51
Speaker 1: that we needed to put in place to institutionalize financial
20:56
Speaker 1: education in the black community. We must it first be
21:00
Speaker 1: housed and then expanded and extended to And there's only
21:04
Speaker 1: one clear answer if you think clearly about this, it
21:07
Speaker 1: must take seed in the historical Black Church. They're eighty
21:13
Speaker 1: five thousand Black churches in America. Twenty five million Black
21:16
Speaker 1: people go to church every single Sunday. We have the
21:18
Speaker 1: most morally ground, inspiracy rooted people in this country. We
21:21
Speaker 1: have the most church going people in this country. You
21:23
Speaker 1: cannot do anything or significance in Black America without touching
21:29
Speaker 1: or it being led every major movement in this country,
21:34
Speaker 1: every major good thing that has ever happened to Black
21:38
Speaker 1: people in this country was led by the Black church.
21:41
Speaker 1: Leadership from the Black Church. So it's got to start there. Now.
21:44
Speaker 1: There are fifteen hundred references to money an economics in
21:50
Speaker 1: the Bible, so this is no strange subject. We just
21:56
Speaker 1: need to bring the subject up all right frequently. So
22:04
Speaker 1: we launched this year Wins. Wins. Wins is an acronym
22:18
Speaker 1: wealth in the name of our divine son, you know
22:21
Speaker 1: who that is. I create a little piece of poetry
22:24
Speaker 1: under wins, and it says for the win, for it
22:27
Speaker 1: is the win that makes us sore, and it is
22:30
Speaker 1: the wins that bring change wins. They will be financially financial,
22:37
Speaker 1: literacy centers, wealth building centers.
22:40
Speaker 2: That's how we're branding them.
22:41
Speaker 1: Now.
22:41
Speaker 2: I have a little experience with branding.
22:44
Speaker 1: I spent thirteen years in branding and marketing and leadership position.
22:49
Speaker 2: With Procter and Gamble.
22:50
Speaker 1: Now anybody know anything about branding and marketing. They are
22:54
Speaker 1: the beasts of branding and marketing. They invented branding. I
23:00
Speaker 1: sat at the feet of the masters for thirteen years.
23:05
Speaker 1: I was the guy that was partly responsible for the
23:08
Speaker 1: launch of Pampers, which disrupted the cloth diaper category forty
23:19
Speaker 1: years ago. So I know a little bit on how
23:25
Speaker 1: to package design and do the brand architecture for something
23:33
Speaker 1: as powerful as a brand that needs to bring us
23:38
Speaker 1: to literacy. We are. We introduced it last year at
23:47
Speaker 1: the Power Networking conference. We said here's what's coming. As
23:51
Speaker 1: we launched it this year at the Power Networking Conference,
23:55
Speaker 1: we recruited. Now I did the prototype. I had a
23:58
Speaker 1: win center in my church for the last fourteen months,
24:04
Speaker 1: so I was sort of the test market. We're now
24:06
Speaker 1: doing what they call in the Brand New world, a
24:09
Speaker 1: soft launch. So we've got fifteen people around the country.
24:14
Speaker 1: We will be meeting in October for the final train
24:17
Speaker 1: the trainer. Each person directing a win center must have
24:26
Speaker 1: some history in the financial services industry and then they
24:29
Speaker 1: must get a CFEI, which is a certification in Financial
24:34
Speaker 1: Education Instruction. See, because you are a stockbroker doesn't mean
24:38
Speaker 1: that you can teach financial education. It's no different than basketball.
24:50
Speaker 1: Michael Jordan's the baddest basketball player who have ever played
24:52
Speaker 1: the game, but he would fire himself as the coach
24:55
Speaker 1: with a team that he won because he cannot coach.
24:57
Speaker 1: But Phil Jackson was a media OAKA basketball player. And
25:00
Speaker 1: Phil Jackson has eleven rings and nine of them are
25:03
Speaker 1: for coaching. Because you can play basketball doesn't mean that
25:06
Speaker 1: you can teach basketball. Because you could read doesn't mean
25:09
Speaker 1: that you can teach reading. Because you can do math
25:12
Speaker 1: doesn't mean that you can teach man. You have to
25:14
Speaker 1: be certified. I have two African sent to charter schools,
25:18
Speaker 1: and you cannot teach basic reading in my charter schools
25:22
Speaker 1: without certification in reading. But why would we allow our
25:30
Speaker 1: people to teach our people something they're not certified and teaching?
25:35
Speaker 1: And this is especially true for Black people because we
25:38
Speaker 1: learn differently. We are oral, visual, tactile, henesthetic, and auditory.
25:44
Speaker 1: We're oral visual title. White folks that teach our inner
25:47
Speaker 1: city children can't teach them because they do not understand
25:51
Speaker 1: our learning and teaching style. We are an archival now,
25:55
Speaker 1: I mean we are an oral people. White folks are archival.
25:58
Speaker 1: They write, they would, and they they read. Let me
26:09
Speaker 1: say that differently. They write and they read that this
26:14
Speaker 1: world is still being run by books there were written
26:19
Speaker 1: five hundred years ago. Don't you ever forget that. They
26:25
Speaker 1: take out of their brain, put it on paper and
26:30
Speaker 1: publish it. Right now, more of us are writing books
26:33
Speaker 1: than ever before. So we're moving in that direction, and
26:37
Speaker 1: we've got to write it down because that's in order
26:40
Speaker 1: to systemize something, you must be able to articulate it,
26:44
Speaker 1: put it in writing, and then make sure that there's.
26:47
Speaker 2: A permanent record of it. That's what books for.
26:50
Speaker 1: So there's nothing wrong with the oral tradition is a
26:52
Speaker 1: beautiful tradition. We see it every Sunday at the Black Church.
26:56
Speaker 1: That mean we are probably the best speakers in the
26:59
Speaker 1: world because as we come from an oral tradition. President
27:04
Speaker 1: Barack Obama, I remember when he first got glad a
27:07
Speaker 1: good white friend. He said to be a man. The
27:09
Speaker 1: President Obama can really speak, doctor Fraser said, And he said,
27:17
Speaker 1: he's a great speakers. And I said, you know all right,
27:26
Speaker 1: I said, ever heard uh Freddie Hanes? Yes, all right?
27:33
Speaker 1: Have you ever heard of Garden to Taylor? Ever heard
27:38
Speaker 1: of Howard Thurmot? You ever heard Jeremiah right to Go? Yeah? Yeah,
27:44
Speaker 1: I heard Jeremiah right what they heard Jeremy. So we
27:50
Speaker 1: have an oral tradition. We learn differently. We have to
27:53
Speaker 1: learn so, so we have to teach our people differently
27:58
Speaker 1: about wealth building and educate them differently around literacy. And
28:03
Speaker 1: we have designed a curriculum, a special culturally specific curriculum,
28:10
Speaker 1: using special tools and ideas to educate our people about
28:16
Speaker 1: money to pull them away from the most important addiction
28:21
Speaker 1: that we have, one of the most important addiction. I
28:25
Speaker 1: say important, I don't really mean that, you know, one
28:28
Speaker 1: of the worst. Let me say that another way. We
28:31
Speaker 1: have a very bad ass habit. We really good. Now,
28:37
Speaker 1: I've been black for seventy three years and we have
28:39
Speaker 1: a bad ass habit. And where this happen is the
28:44
Speaker 1: worst in us, in anybody else in America. And you
28:47
Speaker 1: know what that happened is our habit or addiction to
28:52
Speaker 1: instant gratification versus delayed gratification. There's lots of socio psychological
28:58
Speaker 1: reasons for it. I don't want to get in to
29:00
Speaker 1: it right. I can take up too much time telling
29:02
Speaker 1: you why that we need to feel good right now
29:06
Speaker 1: because for three hundred and fifty years, we didn't feel
29:08
Speaker 1: so good. Right. For three hundred and fifty years, we
29:11
Speaker 1: really couldn't party right for the last fifty years. Maybe
29:15
Speaker 1: we could say, if we want to look at this metaphorically,
29:18
Speaker 1: we were just partying. We were just celebrating our fight
29:21
Speaker 1: for free But basically we are really just two generations
29:25
Speaker 1: out of oppression. I mean, the Civil rights laws weren't
29:27
Speaker 1: acted in nineteen sixty five, the Voting Rights Act in
29:30
Speaker 1: nineteen sixty seven. We're just two generations out of oppression. Yeah, right.
29:37
Speaker 1: And the Jews did not get to the Promised Land
29:41
Speaker 1: after they were freed for him in the year we
29:45
Speaker 1: were all right, they misbehaved and had to get this
29:50
Speaker 1: stuff together for forty years. Well, you know, we after
29:54
Speaker 1: three hundred and fifty years of the craft we went through.
29:57
Speaker 1: Maybe we had just do a little party in by
30:01
Speaker 1: a little something something, you know, look nice for change, right,
30:09
Speaker 1: But now you know, it's the forty years is over.
30:12
Speaker 1: The party is older brothers, and the system all right,
30:15
Speaker 1: So we now have to do the right thing. So
30:18
Speaker 1: we are opening the wind Center. It is a system.
30:21
Speaker 1: As you've heard me say yesterday, that ideas are wonderful,
30:26
Speaker 1: but systems are better.
30:27
Speaker 2: We are the most creative people on the planet.
30:31
Speaker 1: We are. There's nobody more creative than Black people. That
30:36
Speaker 1: is a special gift that God has given us. The
30:39
Speaker 1: moral is spiritual grounding gift and the gift of creativity.
30:43
Speaker 1: We invented jazz. Think about it. Jazz is eighty percent
30:48
Speaker 1: in proversation. Improvisation is creating an idea per second. John
30:54
Speaker 1: Coltrane was alive and you invited him into this theater
30:58
Speaker 1: to play My Favorite Things classic, he would blow it
31:01
Speaker 1: out of the water. Only ten percent of it you
31:03
Speaker 1: would recognize. It would the melody that that's the only
31:07
Speaker 1: ten percent you would recognize. The rest of it would
31:09
Speaker 1: be totally improvised. If he went home and you invited
31:11
Speaker 1: him back tomorrow to play the same song, it would
31:14
Speaker 1: sound entirely different. That's how creative. That's the power of
31:19
Speaker 1: our creativity. But we ain't that good at building systems.
31:24
Speaker 1: Probably The best system, Bishop that we've ever built is
31:27
Speaker 1: the system of the Black Church.
31:30
Speaker 2: The second best would be our fraternities and sororities.
31:32
Speaker 1: Search that's a system. So we have to move from
31:36
Speaker 1: just wonderful creative ideas, you know, being great football, baseball,
31:41
Speaker 1: basketball players. Right, we're the talent, but we don't own
31:44
Speaker 1: the system. We don't even own rats. We don't rat.
31:56
Speaker 1: We create the music, you know, we do the singing, dancing,
32:00
Speaker 1: playing foot olla, but we don't own the system. The
32:03
Speaker 1: system is a system to produce, to package, to manufacture,
32:08
Speaker 1: and to distribute. What is a distribution system for football,
32:13
Speaker 1: the stadiums, the media. So that's a different kind of thinking,
32:21
Speaker 1: and this is the kind of thinking that we must
32:24
Speaker 1: engage our people in the twenty first century. Now, all
32:32
Speaker 1: of this will come under what we are going to
32:36
Speaker 1: be introducing or launching, I should say, because we introduced
32:40
Speaker 1: it this year, Fraser Nation. Now for thirty one years
32:46
Speaker 1: we have been Fraser Net. It is not an ego trip.
32:51
Speaker 1: There's only one reason we used Fraser because the brand
32:56
Speaker 1: has been around for thirty one years and it has
32:58
Speaker 1: trust and loyalty and a fine reputation. Right, So in
33:05
Speaker 1: the branding world, so I learned this in product and gamble.
33:08
Speaker 2: This is called brand extension.
33:13
Speaker 1: It was Ivory soap, and then we made Ivory liquid,
33:19
Speaker 1: and then we made Ivory flakes, and the reputation of
33:22
Speaker 1: Ivory soap was gave the halo effect to the extension
33:26
Speaker 1: of that name and brand. This is the same science,
33:29
Speaker 1: brothers and sisters, except you don't know it, and I do.
33:36
Speaker 1: Now some of you may know it. So that's all
33:40
Speaker 1: it is. It's not an ego play. It is leveraging
33:43
Speaker 1: the reputation of your brand. Now, the theme for Fraser
33:47
Speaker 1: Nation is citizens of Generational Wealth, citizens of generational Wealth.
33:55
Speaker 1: That's the theme right under fraser Net. For thirty one years,
34:01
Speaker 1: we had three words that described who we were and
34:06
Speaker 1: what we offered that Phraser connect, Grow and prosper. That
34:16
Speaker 1: was our unique selling proposition. That was our value added
34:20
Speaker 1: benefit as we enabled you to connect with each other
34:24
Speaker 1: and through connections you would grow, and through growing you
34:27
Speaker 1: would prosper. That's thirty one years. We're now morphing into
34:34
Speaker 1: something a little bit different, a little bit better, I think,
34:43
Speaker 1: and we will have three terms, not three words, that
34:47
Speaker 1: will define and describe Phraser Nation, and those terms will
34:54
Speaker 1: be demonstrated excellence. That's one term. That's the first term,
35:00
Speaker 1: demonstrated excellence. I did not say excellence. Everybody says excellence.
35:08
Speaker 1: Everybody bandies that word. No, no, no, no, no, not black people.
35:12
Speaker 1: We're taking that to another level. We're talking about demonstrate
35:17
Speaker 1: to us your excellence. I hear your mouth running and
35:21
Speaker 1: your lips moving. I know you talk in excellence. Prove it.
35:29
Speaker 1: Where must that excellence be. It must be a knowledge
35:32
Speaker 1: of self, a deeper commitment to personal growth and development, constant,
35:35
Speaker 1: never ending improvement, and lifelong learning. All of this will
35:39
Speaker 1: be synthesized under Phraser nation as demonstrated excellence.
35:43
Speaker 2: Demonstrate to me that you got it going on.
35:49
Speaker 1: When you demonstrate to us that you have it going on,
35:52
Speaker 1: you can become a citizen of our nation. So our
35:57
Speaker 1: nation is not for everybody, just as I am America.
36:00
Speaker 1: So everybody all right, at least certainly according to Donald Trump,
36:08
Speaker 1: we try to get anun nations and bringing your babies
36:10
Speaker 1: up in the ear, and you ain't about nothing, all right,
36:13
Speaker 1: We may take your babies, all right, and an excommunicate
36:18
Speaker 1: you from out nation, and we'll figure out how to
36:20
Speaker 1: get you your babies back later. Okay okay okay I
36:26
Speaker 1: went off.
36:26
Speaker 2: On that so demonstrated.
36:28
Speaker 1: Excellence is the first term. The third The second term
36:33
Speaker 1: is equity and investment. Equity and investment Force magazine comes
36:39
Speaker 1: out with a special edition once a year called the
36:42
Speaker 1: fourth four hundred is the four hundred richest people in
36:44
Speaker 1: the entire world. Do you know how three hundred and
36:49
Speaker 1: ninety eight of those four hundred richest people on the
36:52
Speaker 1: entire world made their wealth private equity private equity. There's
36:59
Speaker 1: an exception to that rule, and that's Warren Buffett, who
37:01
Speaker 1: made his money through public equity by five, ten, fifteen
37:06
Speaker 1: million shares of McDonald's or Nike. And Warren Buffett understood
37:13
Speaker 1: a long time ago that is much more important to
37:15
Speaker 1: buy Nike stock than to buy a pay of two
37:18
Speaker 1: hundred dollars Nike sneaker. Warren Buffett doesn't wear Knikey sneak,
37:21
Speaker 1: but he knows if you buys them, you buy them.
37:27
Speaker 1: Warren Buffett understood it's more important to buy McDonald stockton
37:31
Speaker 1: to eat a big mac. Equity and investment. Equity and investment,
37:42
Speaker 1: that is the second term. If you were about that,
37:47
Speaker 1: we can lead you to equity plays. We have friends
37:51
Speaker 1: who are starting and building businesses. And you know, let
37:55
Speaker 1: me just dimensionalize it for you. Had Mark Zuckerberd been
37:58
Speaker 1: your friend twenty five years ago and he was working
38:01
Speaker 1: in his room in Harvard trying to get Facebook started
38:06
Speaker 1: and asked you to loan him five or ten thousand
38:09
Speaker 1: dollars that I'd be worth about twenty five million a
38:11
Speaker 1: day as private equity. This is before the IPO. You
38:16
Speaker 1: understand what private equity is. It is before the IPO. Right,
38:26
Speaker 1: then there's public equity, so equity and investment. And then
38:33
Speaker 1: finally the third term for Phraser Nation will be entrepreneurial thinking.
38:41
Speaker 1: Entrepreneurial thinking. I did not say entrepreneurship. We must work
38:46
Speaker 1: on the minds of black people. What is entrepreneurial thinking.
38:52
Speaker 1: Entrepreneurial thinking is taking responsibility, taking ownership, and mitigating the
38:58
Speaker 1: risks to all all things that you do in life.
39:04
Speaker 1: And that mindset may lead you some day to a business.
39:14
Speaker 1: And we know that there's some negroes that should not
39:17
Speaker 1: be within one hundred yards of owning a business. And
39:22
Speaker 1: I don't know how long you've been black, but I've
39:24
Speaker 1: been black for seventy three years, and we've got some
39:27
Speaker 1: negroes out there to do abidiness. And there's a difference
39:33
Speaker 1: between abandon man and a businessman. And when we're trying
39:38
Speaker 1: to do it, phrase the nation and put a bandiness
39:40
Speaker 1: people out of bidness, right because they're messing it up
39:49
Speaker 1: for those of us who are trying to do serious business.
39:54
Speaker 1: And so that's the next thing. And then to aggregate
40:01
Speaker 1: the brothers and sisters, the institutions and the organizations that
40:04
Speaker 1: demonstrate excellence on a regular basis, and to make them
40:08
Speaker 1: a part of this Fraser nation, which will be a system.
40:12
Speaker 1: It is a system that will be institutionalized over a
40:16
Speaker 1: long period of time. It will be membership based and
40:21
Speaker 1: chapter base and people heading up each state for the
40:26
Speaker 1: various chapters in that state. Guess what they will be called? Governors?
40:35
Speaker 1: We have a nation. When you head up a state
40:39
Speaker 1: in America, what do you call a governor? So we
40:45
Speaker 1: will develop nomenclature that connotes dignity, respect and power and
40:55
Speaker 1: demonstrated responsibility and demonstrated excellence. That's where we're going finally,
41:04
Speaker 1: and I'm gonna end on a couple of notes and
41:08
Speaker 1: then take questions, uh, and then roll up out of
41:15
Speaker 1: here to return sooner rather than later, Frank Benzel. Absolutely,
41:24
Speaker 1: but at three minutes thirty okay, okay, travel to leave now?
41:28
Speaker 1: Is it thirty before we is? We're gonna leave four
41:32
Speaker 1: to fifteen? I just want to get the times right, Yeah,
41:34
Speaker 1: fourteen three five is our stop with you at the
41:38
Speaker 1: right cheat? What time is it now? It's three fifteen,
41:40
Speaker 1: three fifteen? Okay? Good? All right, So I'm gonna leave
41:43
Speaker 1: some time for question. But I just want to leave
41:45
Speaker 1: you with one little Till I have traveled the globe,
41:50
Speaker 1: I've met some of the most powerful and most important
41:53
Speaker 1: people to have lived, from Malcolm to Martin, Oprah and Denzel.
42:02
Speaker 1: And what I've discovered in observing them and befriending them,
42:14
Speaker 1: they have one very very simple little secret that they
42:19
Speaker 1: are able to act on that less than successful people
42:25
Speaker 1: are simply not able to do. What is that secret?
42:32
Speaker 1: They have the ability to remove toxic people and bloodsuckers
42:37
Speaker 1: from my life, people who drain you of your time,
42:45
Speaker 1: your energy, and your patience. Now, this is very easy
42:57
Speaker 1: to say, this is very difficult to do. Do you
42:59
Speaker 1: know why? Because most of these people are your family
43:03
Speaker 1: and friends. Strangling is not an option. This is why
43:22
Speaker 1: I believe that friends are critically important because it's God's
43:25
Speaker 1: way of apologizing for your life. You can pick your friends,
43:31
Speaker 1: but you can't pick your ownness.
43:35
Speaker 2: There's an old saying, if you love something, set it free.
43:38
Speaker 1: If it comes back, it will always be yours. If
43:40
Speaker 1: it doesn't come back, it was never yours to begin with.
43:43
Speaker 1: But there's a big butt on that, Brothers and sisters.
43:45
Speaker 1: If it sits in your living room, messes up all yourself,
43:48
Speaker 1: eats all your food, use yourself phone, takes your money,
43:51
Speaker 1: and doesn't appear to realize that you have set it free.
43:54
Speaker 1: You've either married it or you gave birth to it.
44:13
Speaker 1: You must be able to remove toxic people and blood
44:15
Speaker 1: sectors from your life. Introduce me to your five closest friends,
44:21
Speaker 1: and that will tell you as they know and as
44:25
Speaker 1: they go you go.
44:30
Speaker 2: Business is about relationships.
44:32
Speaker 1: Without relationships, you have no business without relationships. You have
44:36
Speaker 1: no business being in business. The fact, the business you're
44:40
Speaker 1: really in is in the business of building relationships. So
44:45
Speaker 1: your relationships are everything everything. Fifteen percent of your success
44:51
Speaker 1: in life will be determined by your skills, but eighty
44:56
Speaker 1: five percent of your success in life will be determined
44:59
Speaker 1: by your interperson. Will have people skills, your ability to cultivate, nurture,
45:03
Speaker 1: and develop relationships at work, at home, and in the community.
45:07
Speaker 1: There are three networks you're going to have to work
45:08
Speaker 1: on or your entire life through every passage of your life.
45:12
Speaker 1: If you're lucky, you'll get eight passages. Each passage is
45:16
Speaker 1: about ten years. Let me explain that to you. You're
45:22
Speaker 1: a different person at ten years old than you were
45:24
Speaker 1: at one. You're a different person at twenty than you
45:26
Speaker 1: were at ten. Let us pray You're a different person
45:30
Speaker 1: at thirty than you were at twenty. You're a different
45:32
Speaker 1: person at forty than you were at thirty fifty, then
45:35
Speaker 1: forty sixty, then fifty seventy, then sixty eighty then seventy.
45:40
Speaker 1: You're constantly evolving and changing and people up platuning in
45:44
Speaker 1: and out of your life through every passage of your life.
45:50
Speaker 1: And if you don't have the good sense to understand
45:54
Speaker 1: who is with you and who is not you going down,
46:01
Speaker 1: you ain't getting where you're supposed to go. Smart people
46:10
Speaker 1: rarely hang around stupid people unless they're related to them.
46:15
Speaker 1: I'm just telling you, unless you associate with self people,
46:18
Speaker 1: the more your life will improve. And you better understand
46:21
Speaker 1: that when God wants to get into your life, God
46:24
Speaker 1: will send a person. When the devil wants to get
46:26
Speaker 1: into your life, the devil will send a person. Your
46:28
Speaker 1: task in life is to determine which one is which,
46:31
Speaker 1: and who has been sent by whom our enemies have
46:36
Speaker 1: been anointed to have us do those things that we
46:40
Speaker 1: would never consider doing. It is written in the twenty
46:45
Speaker 1: third Psalm. Read the twenty third Psalm. Now prepare a
46:49
Speaker 1: table before me and the presence of di enemies right now.
46:55
Speaker 1: You have better You better be able to discern that. Now.
47:00
Speaker 1: I don't know who I am talking to here this afternoon,
47:03
Speaker 1: but I am telling you there's somebody in your life
47:07
Speaker 1: that went as soon as you humanly possibly can. You
47:10
Speaker 1: must bless them and release them, or it's not going
47:17
Speaker 1: to happen for you. Oh, this is huge. I'll put
47:27
Speaker 1: a pin in that. We'll pick up of that in
47:28
Speaker 1: chapter two. Ben Zel, and I hope and pray by
47:33
Speaker 1: the way that you helped this brother do this work.
47:41
Speaker 1: Let me say that differently. Money is the mother's milk
47:47
Speaker 1: of all intentions, and without money, all you have is
47:55
Speaker 1: good to have intention, but nothing will happen. You have
48:01
Speaker 1: a great start. This is an important initiative. This is
48:07
Speaker 1: for you and about you. Make sure that it has
48:14
Speaker 1: the mother's milk that it needs to take the next
48:19
Speaker 1: steps forward. You cannot have a baby and not giving
48:25
Speaker 1: its milk. So I ask for bend'sl that you do
48:34
Speaker 1: everything you can, that you make a commitment to this idea,
48:40
Speaker 1: to your future, and you do it by putting your
48:45
Speaker 1: money where you're about this. It's worth it and it
48:51
Speaker 1: cannot be done without it. I love you for the
48:57
Speaker 1: work that you and Keith and your crew and your
49:00
Speaker 1: team and the folks that supported this. This is this
49:02
Speaker 1: is We ain't doing this? What the hell are we want?
49:07
Speaker 1: So God issue I loved. There's the prayer that we
49:15
Speaker 1: use at the Power Networking Conference every year for seventeen years.
49:21
Speaker 1: We call it our Ancestral Recognition prayer. This is how
49:25
Speaker 1: we close the conference every year. Want you to do
49:28
Speaker 1: me a personal favor to take the hand of the
49:30
Speaker 1: person on the left and the person on the right.
49:36
Speaker 1: You know we are all connected. You do not have
49:42
Speaker 1: to stand on this particular prayer. May we always remember
49:51
Speaker 1: those who have gone before us. May we be inspired
49:55
Speaker 1: by their vision and their valor. May their lives cont
50:00
Speaker 1: nearly remind us that service is more important than success,
50:04
Speaker 1: that people are more important than possessions, that principle is
50:08
Speaker 1: more important than power. Us. May whatever we do be
50:12
Speaker 1: molded and shaped by honesty, excellence, and commitment. May our
50:18
Speaker 1: children and our children's children carry forth with pride the
50:21
Speaker 1: nobility of the histories that are represented here and the
50:24
Speaker 1: various traditions that are represented.
50:26
Speaker 2: In this room.
50:27
Speaker 1: To the creator of all of us, by whatever name
50:30
Speaker 1: we may refer to that creator, we dedicate our lives
50:35
Speaker 1: to make our world.
50:38
Speaker 2: Better and more beautiful. Can I get an amen?
50:43
Speaker 3: Now?
50:44
Speaker 1: I want you to repeat after the heat of an
50:45
Speaker 1: enthusiasm and I'm finished. I want you to say success
50:49
Speaker 1: lives in Denver. Say that because success lives where I live,
50:59
Speaker 1: we must be willing to share our success and to
51:04
Speaker 1: help others succeed. Each one must reach one and teach one.
51:13
Speaker 1: Can I get an amen?