The Dr Boyce Breakdown

By Dr Boyce WatkinsBusiness Investing

The Dr Boyce Breakdown episodes

April 10, 2023 Goldman Sachs is investing $2 billion in black women - what about black men and their businesses?
Goldman Sachs is investing $2 billion into black women run businesses, but some are wondering if this is an insult to the black community.
1 hr 12 min
April 10, 2023 Why countries are seeking to abandon the US dollar
China, along with other BRICS countries (Brazil, Russia, India, and South Africa), has been gradually pushing for a more significant role in the global financial system, seeking to diminish the US dollar's dominance as the world's reserve currency. Historically, the US dollar has held this position due to factors such as the size and stability of the US economy, the liquidity of US financial markets, and the post-World War II Bretton Woods agreement.
In recent years, China has been promoting the internationalization of its currency, the renminbi (RMB), by establishing bilateral currency swap agreements, expanding the RMB's use in international trade settlements, and including the RMB in the International Monetary Fund's Special Drawing Rights (SDR) basket of currencies. These efforts aim to challenge the dollar's status and pave the way for the RMB to become a global reserve currency.
If the BRICS countries were to abandon the use of the US dollar, it could potentially lead to a global economic shift, as the dollar's role in international trade and finance would be reduced. This scenario could result in increased currency volatility, altered trade dynamics, and a redistribution of global economic power. However, it is essential to note that such a shift would likely be a gradual process, as the establishment of a new reserve currency would require significant changes in global financial infrastructure and widespread adoption by central banks and other financial institutions.
35 min
April 06, 2023 Don Lemon is in serious trouble
Don Lemon is being accused of some ugly things and this is getting messy. But this isn't uncommon for black men in the workplace.
1 hr 5 min
April 06, 2023 Stacey Abrams gets a fancy new job at Howard University - But what does that mean for black people?
I speak today on the new job that Stacey Abrams got at Howard and ask, what does it mean to have black independent power?
1 hr 14 min
April 04, 2023 35 year old Blac Chyna (mother of two) dumping her only fans account shows that all money ain't good money
I speak about the peculiar rebranding of Blac Chyna and what this says about how we make our money.
27 min
April 04, 2023 Black LSU player retaliates against white Iowa player and everyone calls her a thug
The LSU national championship game was a very big deal and the racial controversy made it a game worth talking about.
52 min
April 03, 2023 McDonald's is laying off workers too
McDonald's is laying off workers, and Opec is cutting oil production.
10 min
April 02, 2023 Missing Toddler found inside an alligator's mouth
The story about a missing two year old led me to think about the Black Lives Matter movement and whether or not it's any good.
14 min
April 01, 2023 Why do we train black children to grow up and work for white children?
As a Black person living in America, it is disheartening to know that a significant percentage of Black children will end up working for White children when they grow up. This statement may be controversial, but it is not unfounded. The legacy of slavery and systemic racism has created a racial wealth gap that is difficult to overcome without us coming together and figuring out solutions that will work for the Black community.
To understand the racial wealth gap, we must first acknowledge that it is a result of historical injustices. Slavery and Jim Crow laws prevented Black people from acquiring wealth and assets that could be passed down from generation to generation. Even after the Civil Rights Movement, systemic racism continued to hold Black people back in various ways, including redlining, discriminatory hiring practices, and unequal access to education and healthcare.
The racial wealth gap is not just a matter of income disparity, but also a matter of asset accumulation. According to a report by the Institute for Policy Studies, the median White family has 41 times more wealth than the median Black family. This means that Black people have less access to resources that can help them build wealth, such as home ownership, stocks, and retirement accounts. As a result, many Black people have to rely on their income to make ends meet and may not have the same opportunities to invest in their future as their White counterparts.
This wealth gap also affects the types of jobs that Black people are able to obtain. Without access to the same level of resources as White people, many Black people may feel like they have no choice but to work for White people or White-owned companies. This is not to say that there is anything wrong with working for a White person, but it does mean that Black people may not have the same opportunities to start their own businesses or invest in Black-owned businesses.
This is where Powernomics comes in. Powernomics is a theory developed by Dr. Claud Anderson that focuses on the economic empowerment of Black people. The idea is that if Black people can build their own businesses and create their own wealth, they will be less dependent on White people and more able to control their own economic destiny. This approach requires us to invest in Black-owned businesses, support Black entrepreneurs, and create our own wealth-building opportunities.
One way to support Black-owned businesses is by using social media to spread the word about them. By using hashtags like #BlackOwned and #BlackWealth, we can help promote Black-owned businesses and encourage others to support them as well. We can also use hashtags like #DrBoyceWatkins to learn more about his work as a Finance PhD and founder of The Black Business School.
In conclusion, the racial wealth gap is a complex issue that requires us to come together and find solutions that work for the Black community. We must acknowledge the legacy of slavery and systemic racism that has contributed to this gap, and work to empower Black people economically through Powernomics-based approaches. By investing in Black-owned businesses and promoting Black wealth, we can help build a more equitable and just society for all.
Tags: african american scholars,african american news,boyce watkins,black owned,black owned business commercial,black owned business,powernomics,racism on the job,black people, black children
27 min
March 31, 2023 Black Democrats -are they being used as pawns to go after Donald Trump?
Black Democrats -are they being used as pawns to go after Donald Trump?
1 hr 10 min

About The Dr Boyce Breakdown

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This is a podcast reflecting the fearless perspectives of intelligent Black people around the world. Led by Finance Professor Dr Boyce Watkins, we engage in expansive, open-minded commentary that will…