(Source: withfireandblood, via areyoushoree)

But Wells Fargo, Bank of America, Chase Manhattan Bank, an JPMorgan Chase are not powerful because they worked hard. The best illustration of this point comes through a historical analysis. How did the banking system in this country get started? How did the richest people in the richest country in the world get their money?

Banking got started in this country by investing in the Triangular Slave Trade. The reason historians call it Triangular Slave Trade is that Europeans went to Africa, enslaved the people, brought them to this part of the world, and sold the people for products like hemp, sugarcane, cotton, and then those products were sent to Europe. That is why there were three angles: Africa, the United States, and Europe. The banking system—Lloyd’s of London, Barclays Bank, Bank of America, Wells Fargo-invested in that process and that is how their hegemony was established. In the last five years, almost all the banks I just mentioned have reluctantly acknowledged that they became established through the institution of slavery and the slave trade. So we see many people today questioning the system considering this simple fact: ‘Because the banks got rich by exploiting my ancestors I don’t see why I should have to pay them anything. They owe me if anything. I don’t want their money, because there is no price tag that can be placed on the suffering.’

Ahjamu Umi, from a guest lecture on March 21, 2013 at Concordia University

See also: “Wachovia apologizes for slavery ties,” CNN Money, June 5, 2005 & “American finance grew on the backs of slaves,” Chicago Sun-Times, March 7, 2014.

For more reading on the origins of the present American banking system and its foundations in the Euro-American slave trade, check out Slavery and American Economic Development (2006) by Gavin Wright and Debt, investment, slaves: credit relations in East Feliciana Parish, Louisiana, 1825-1885 (1995) by Richard Kilbourne.

(via cerebralproxy)

now add to this the fact that:

while the median loss of household wealth in the United States for everyone was 28 percent over the period 2005-09, that of Hispanics was 66 percent, and that of blacks was 53 percent, while for whites it was 16 percent. The class character of ethnic discriminations in accumulation by dispossession, and the way these discriminations differentially affect neighborhood life, could not be plainer, particularly since most of the losses were due to falling housing values.

—David Harvey, Rebel Cities, 133.

and then, of course, outside of housing-value losses, the theft in home equity, from foreclosures, represents a HUGE transfer of wealth, once again, from predominantly black and Hispanic households to the banks—these same ones, Wells Fargo, BofA, Chase, etc.

(via talkingknots)

(Source: paradelle, via talkingknots)



“Not all those who wander are lost.” 

― J.R.R. Tolkien

Oh myyy!

(Source: onlylolgifs)

nothing will keep
us young you know
not young men or
women who spin
their youth on
cool playing sounds.
wer are what we
are what we never
think we are.
no more wild geo
graphies of the
flesh. echoes. that
we move in tune
to slower smells.
it’s a hard thing
to admit that
sometimes after midnight
i am tired
of it all.
sonia sanchez, personal letter no. 3. (via ethiopienne)

(Source: black-poetry, via ethiopienne)




Whoa talkingknots posted a Harvey thing about accumulation by dispossession I didn’t even see that I’m so upset by objective chance rn

my thing is, in terms of the power wielded by financial capital at least, where else can most dividends come from. the same goes for…

(via ethiopienne)

Men who want to be feminists do not need to be given a space in feminism. They need to take the space they have in society & make it feminist.
Kelley Temple, National Union of Students UK Women’s Officer  (via feministkitsch)

(Source: marchingstars, via queer-punk)


i’m tired of people saying lesbians hate men. that’s such bullshit. you don’t have to be a lesbian to hate men. everyone hates men

(via piecesofzee)

By far
the finest tumblr
theme ever
by a crazy man
in Russia