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July 02 2014

Operation HOPE Founder to Discuss “How the Poor Can Save Capitalism” at Federal Reserve Bank of Kansas City on July 8th

KANSAS CITY, MO – July 3, 2014 – The Federal Reserve Bank of Kansas City will host a community development event, featuring Operation HOPE Founder, Chairman and CEO John Hope Bryant for a presentation on his popular new book, How the Poor Can Help Save Capitalism on July 8. Bryant will outline why attempts to aid the poor have fallen short and how his plan, the HOPE plan, will build financial literacy and expand opportunities so the poor can join the middle class.

The program will also include from the Federal Reserve Bank of Kansas City: Esther L. George, president and CEO and Willem Van Zandweghe assistant vice president and economist.

Mr. Bryant released his new book, on June 2, 2014, to a flurry of media attention and recognition. It has reached as high as #9 on the Amazon list, and is a bestselling book on poverty, arguably the most important issue in America.  

In it, Mr. Bryant argues that business and political leaders are ignoring the one force that could truly re-energize the stalled American economy: the 'poor.'  If we give the teetering class (the poor, near poor, and struggling middle class) the right tools, policies and inspiration, he asserts, they will be able to life themselves up into a stable middle class and become a new generation of customers and entrepreneurs.  

As the regional headquarters of the nation’s central bank, the Federal Reserve Bank of Kansas City and its branches in Denver, Oklahoma City and Omaha serve the seven states of the Tenth Federal Reserve District: Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico and western Missouri. The Kansas City Fed fosters the stability, integrity and efficiency of the nation's monetary, financial and payments systems to promote a stable, healthy economy. It contributes to the formulation and implementation of monetary policy that promotes financial stability and sustainable economic growth. 

Since 1992, Operation HOPE has promoted financial dignity through financial literacy and educational tools in underserved communities. Through its four core portfolios, the organization has provided youth and adult financial literacy, encouraged economic preparedness and digital empowerment, promoted homeownership, and assisted with foreclosure prevention to more than 2 million individuals, families, and small-business owners. It is currently focused on Project 5117, a multi-year initiative that will track and increase business role models for youth, boost credit scores for adults, and empower underserved communities, as a part of its “silver rights” mission to make free enterprise work for everyone. 

The program: How the Poor Can Save Capitalism: Rebuilding the Path to the Middle Class will be held at the Federal Reserve on July 8, from 8 – 10:30AM.  The books for this event are sponsored by The DeBruce Foundation. You can attend this important presentation by registering here.