I know … the Internet is made for quick reading, particularly for those who don’t want to take the time out to read an entire 1,000-word or less article; so the idea is to compact information, then crash and burn it as quickly as possible.

But you may want to pull off your running shoes for this one.

All we’ve heard about is one alleged scandal after another, the latest of which involved what is now known as “Beigesuitgate,” a trifling matter in which some people (the usual suspects, of course) got their mental gizzards twisted in a knot over the unprofessional color of President Barack Obama’s danged business wear. As if anyone cared except them.

Here’s a scandal you, and all of us, need to be concerned with: And it requires some thought and forward-movement, not a hit-and-run blog post.

It’s well past time that Black people started thinking, in terms of economics, ten steps ahead of the status quo and work as hard to manage our money as we do to get a job to make money from.

I don’t know how many of us have forgotten the Libor interest rate scandal that brought down Wall Street and rocked America’s credit from A+++ to nearly a D-, but here it is again…and here’s what it has to do with it:

Black people across America, en masse, got clocked, locked and glocked into a predatory home lending scam (and a bunch of buy-here-pay-here payday loan scams as well) such as this nation has never known before.

It wasn’t just the Republicans that had something to do, something to do with it, the Blue Dog Democrats who are easily bought out for a quick thousand or so bought into this, too. It didn’t just happen on Ronald Reagan’s watch, it happened with Bill Clinton’s blessing — as well as the jobs bleed that profusely poured work out of America and co-signed and built China/Indo-china into a financial giant at our expense. (And no, all Asians are not born brainiacs — it took a girl who called herself Hmong and said she was tired of being misidentified as Chinese or Japanese, to bring that point out. It’s all a matter of what we study, buy, and pay attention to the most that ‘marks’ us in the global markets.)

To be fair, the big idea behind this worldwide global trade-off was that America, by now, was supposed to be a high-tech industrial giant and be heavily run more by computers and drones than by human workers – cutting costs, boosting the need for higher education, and subsequently causing more skilled workers who would, of course, demand higher pay and thusly boost the economy. America was supposed to be somehow ‘better off’ this way.

Didn’t happen, needless to say.

Some of the culprits: A staunch evangelical conservative party that insists there’s nothing wrong with choo-choo trains and steam locomotives and worked overtime to keep electronic and digital nationwide movement from capturing America’s point-to-point travel systems; as well as folks who said we didn’t need to rework the mechanical engineering of bridges until the dammed things crumbled, fell apart and killed people, which did happen.

That isn’t the least of what stalled America into this “cowboy old westernish” ideology of how we work and do business, we also contributed to it by re-electing, or allowing to be re-elected, the least advanced and most mentally illogical amongst our national treasuries. A band of “ol’ boys” (-nothing ‘good’ about them-) who demanded that what worked for their granddaddies was good enough for them, and for the rest of us.

Well, d’uh … no. It isn’t.

America simply has not kept up with the times, technologically or mechanically, and where there are create-able jobs that advance the future, the “cowboys” of western Wall Street want all of us to stay stuck in the past – economically, as well as racially. That entire mentality even ended up stalling and demoting America on educational grounds.

But back to the true point of this decisively long-winded article.

The “new” Libor scandal is something with which Black people ought to be concerned, because ignoring it has gotten us into trouble before and none of us should want to revisit that isht ever again.

If you have already read Michael Lewis’ book “Boomerang,” here’s a short glimpse at what you can expect in the future. It’s coming. Wait for it … they’ll most assuredly blame it all on GUESS WHO?!

Quote from Forbes: After a lengthy and ongoing investigation into the Libor scandal, U.S. and European authorities have fined the institutions that were involved with the manipulation a total of $6 billion and pressed criminal charges on twelve people so far. According to an estimate by securities broker and investment bank Keefe, Bruyette & Woods, the guilty institutions may eventually pay approximately $35 billion in legal settlements in addition to regulatory fines.

If you haven’t read Boomerang, the FIRST edition before it got changed and rearranged, don’t wait another minute. The future of your landholding and economic status around the world with Black homeownership and global marketing depends on it, especially since real estate is often used to generate capital for business loans and marketing needs.

Think 25 steps ahead. It’s generally assumed that it’s too late for the ten steps ahead that we should have been in the 1980s and 1990s.

Did you, Mr. or Ms Black Homeowner, get your cut of that $6 Billion fine, especially if you were harmed or lost your home during the George W. Bush incremental years that legally belonged to Al Gore? And did you miss the news that a boatload of bankers went on a suicide mission en masse? Look for more of that to come — so you know who were some of the culprits in the Libor scandal that screwed the economy worse than the S&L scandals of yesteryear. Those banking and lending thieves didn’t disappear, they simply reinvented themselves.

Banking regulations and interest rates, people.

Black folks could stand to be more like a Cliven Bundy character about their land and homes and property, and definitely more like the Hispanics, who have hit Bank of America so hard that it is now known as Banco Americano. They were on their A-Game when President Obama got elected.

They’ve moved on to thinking in terms of retirement while we’re still pitching, rolling, and ditching financial ballast in order to dig ourselves out of the economic hole that the Bush economy tossed us into.

Where are you now? Still distracted?

What are you paying attention to, really?

*Maybe President Obama should have worn a P-flag pin on the other side of the brass…*