THE FIVE KEY
Components of Financial Literacy
According to the United States Treasury’s Financial Literacy and Education Commission, financial literacy is “the ability to use knowledge and skills to manage financial resources
effectively for a lifetime of financial wellbeing.”
Lack of financial capability can make it hard to make major financial decisions like opening the right kinds of bank accounts, planning for retirement, and paying off personal debts from student loans or credit cards.
Banking, budgeting, saving, credit, debt, and investing are the pillars that underpin most of the financial decisions we'll make in our lives.
According to the Financial Literacy and Education Commission, there are five key components of financial literacy: earn, spend, save and invest, borrow, and protect.
BEEN will also dive deep into the monetary politics of the Federal Reserve, Maco/Micro Economics and how the global financial markets including The World Bank, The World Economic Forum, International Monetary Fund, International Capital Markets , Bank for International Settlement and more oppress the so called "Global South" to maintain USA hegemony, global white supremacy (racism) and global capitalism.
US dollar hegemony is on the ropes. Saudi Arabia and Nigeria now have military agreements with Russia for protection. This will eventually remove the US dollar as the reserve currency of the world. As of 2021 gold is now considered to be Tier 1 Asset or risk-free and now considered to be currency instead of a commodity.
Our analysis and discussions will focus on how to prepare and combat these issues and draft a global framework that can be deployed to create a world system of justice, where the person who needs the most help, receives the most constructive help.
Blockchain technology is most simply defined as a decentralized, distributed ledger that records the provenance of a digital asset. By inherent design, the data on a blockchain is unable to be modified, which makes it a legitimate disruptor for industries like payments, cybersecurity and healthcare.
Blockchain is an especially promising and revolutionary technology because it helps reduce risk, stamps out fraud and brings transparency in a scalable way for myriad uses.
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BEEN plans to be a multi-national holding company, public benefit corporation, with a portfolio of normal profit Black-owned companies achieving measurable social impact providing financial redistributions in Black communities.
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