Racism happens in every country, anyone who says it doesn't is blind to the truth plain and simple.
As for the video I saw a loudmouth dipshit who didn't know when to shut up get his ass handed to him by a man who could back his shit up. Whether it was racially motivated or not none of us can answer because we only saw one side of it, but I am pretty sure the racism came more from the black kid who hit the old man first after he moved in order to avoid the confrontation.
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"I'll keep my money, guns and freedom. You can keep the "Change."