ECON BLM on verge of BANKRUPTCY, conservatives REJOICE after proving themselves RIGHT

Kathy in FL

Administrator
_______________

BLM on verge of BANKRUPTCY, conservatives REJOICE after proving themselves RIGHT​


The controversial topic regarding the whole BLM movement and the money that they receive as donations. Initially, the movement began from a noble cause. This is due to Black Americans receiving discrimination in their own country. An unfortunate scene as no one should receive such horrible treatment.

However, conservative Americans, Black or White have been calling bluff towards BLM. According to the New York Post, recent tax documents show the Global Network Foundation of the Black Lives Matter (BLM) movement concludes the fiscal year with a significant deficit of $8,559,748.

Furthermore, the filings also reveal that the nonprofit grants approximately $8.5 million in revenue, which is roughly half of the total amount it spends. This deficit is particularly noteworthy considering that in the previous year, the organization experience substantial growth, accumulating nearly $42 million in earnings after covering expenses.

As a result of this financial setback, the group’s assets decline by nearly $11.75 million, leaving them with $30 million at the end of the fiscal year.

Conservatives are saying that they were right all along about BLM

Conservatives are using this as bullet points to show that the Democrats are spending their money frivolously. They add that Patrisse Cullors, the co-founder of the movement, isn’t doing much to financially help the organization. Twitter users state that after all of the money they receive, Black Americans are still struggling.

Some are stating that the Democrats and major corporations are scammed by BLM. However, others do not agree with this sentiment. They believe that major corporations and the government are benefiting immensely towards this. This is due to the fact that political or social movements play with the sentiments of the public.

Twitter users are stating that Black Americans should be angry with what is happening towards them. Yet, they are still calmly voting for the Democrats. Others state that the Democrats have not really been helping the Black community in America for the last 50 years.

Rapper Ice Cube states that Black Americans have a lack of progress due to them being loyal to the Democrats. However, some disagree with his sentiment stating that Americans have to take things in their own hands to succeed. This is regardless of their race, gender or ethnicity.


NOTE: I didn't bring over the twitter twatters or the vid imbeded in the artle.
 

Practical

Veteran Member
The spending was ridiculous. It is amazingly easy to spend other peoples money, particularly when there is no accountability. I don't care what someone does with their money, it is their business and none of mine, but when you donate to a 'cause' and don't actually verify, what would you expect to happen?
 

Dobbin

Faithful Steed
Some are stating that the Democrats and major corporations are scammed by BLM. However, others do not agree with this sentiment. They believe that major corporations and the government are benefiting immensely towards this. This is due to the fact that political or social movements play with the sentiments of the public.
Looks real good in ESG scoring. Which is being used by TPTB as a sort of "extortion" system for bank loans, funding, grants, access to MEEDIA.

And for large corporations, cooperation of government is ESSENTIAL for most of their projects. Environmental rules, financial aspects, trade rulings, judicial decisions ALL are affected by one's standing with Government. A good ESG helps get and keep this cooperation.

Most of the population at large don't give two hoots about ESG. Rather they look for the best bang for their buck and how it benefits THEM. As in - Return on purchase equity. They have their own interest in mind and not someone else's.

The BLM movement was created primarily as a scam for its originators. As in "sounds good." When the number of "mansions" purchased rose to six, I kind of had my clue. A further IRS investigation - which was conveniently "hushed up" in the MEEDIA - only confirmed the racket.

Banana Republic as in a government run by thugs comes to mind. If you're not "connected" then you're nobody.

Dobbin
 

Publius

TB Fanatic
Taking in $42 million dollars thats enough to give each black person in the country a little more than $500,000. dollars each.
That may not last most of them a year they will blow every Penney of it quickly and have little or nothing to show for it.
 

Zahowey

Senior Member
Taking in $42 million dollars thats enough to give each black person in the country a little more than $500,000. dollars each.
That may not last most of them a year they will blow every Penney of it quickly and have little or nothing to show for it.
How could they blow all that money? Didn’t they riot and get tv’s and shoes? I have black friends and they are disgusted by the way blacks acting.
 

kyrsyan

Has No Life - Lives on TB
I can't say that I rejoice. I am saddened that people were used and abused and mislead in such a way. That any group would have that happen is wrong.

I am glad that it has been exposed for what it is/was and that steps are being taken. The same way I would be if it was any other similar organization.
 

Bps1691

Veteran Member
The leaders stole millions since the beginning for houses, etc and they probably spent millions more in grants to their connected buddies.

Much like Jesse Jackson, reverend Al and the rest of the old school race whores, BLM leaned on big corporations for a-hum contributions for the poor blacks and got government grants to line their own pockets.

No surprises there.
 

Griz3752

Retired, practising Curmudgeon
With the BLM Elite pilfering left & right, their predations out stripped the donations/grants coming in. I'm surprised this took so long although "you can't be taking out more than goes in" isn't a hard cponcept to grasp.

Well for some anyway.
 

Wildweasel

F-4 Phantoms Phorever
They’re being replaced by FJB. The new minority is infiltrating the country. They’re being marginalized.
The wailing, whining, crying and gnashing of teeth when they collectively realize they're no longer able to get their way like they're used to will be epic. Popcorn and favorite beverages all around to watch the show.
 

MinnesotaSmith

Membership Revoked
Taking in $42 million dollars thats enough to give each black person in the country a little more than $500,000. dollars each.
That may not last most of them a year they will blow every Penney of it quickly and have little or nothing to show for it.
Your math skills blow.


"Overview (Demographics): In 2021, 40.1 million people in the United States were non-Hispanic black alone, which represents 12.1 percent of the total population of 331.9 million."

$42,000,000.00 for 40,100,000 blacks = $1.05 for each melanin-overdose victim.
 

West

Senior
Your math skills blow.


"Overview (Demographics): In 2021, 40.1 million people in the United States were non-Hispanic black alone, which represents 12.1 percent of the total population of 331.9 million."

$42,000,000.00 for 40,100,000 blacks = $1.05 for each melanin-overdose victim.

That's atleast worth a 12 pack of budlught!

:D
 

Dobbin

Faithful Steed
I saw the math mistake - but didn't call attention to it.

Sometimes its better for the human persona to "find their own mistakes" and then realize the generosity of others in allowing them "their own distinction." (horselaugh!)

Its a lesson presented in a manner that humans remember best.

"He who self educates truth - educates FOREVER."

There is an untruth corollary of similar but not equal distinction.

Dobbin
 
Top