When is Enough Enough?

LATE FRIDAY AFTERNOON (July 12, 2008) I was in my office tidying up my week while watching the Fox Business Channel. At approximately 4pm PST, Fox reported that IndyMac Bank had been “seized by Federal Regulators”, and would open on Monday morning under a different banner.

Most Americans don’t realize the implications of such a seizure, and they especially don’t realize the significance of it’s timing. The markets were closed, everyone was settling into their weekend pleasure, and most news organizations simply weren’t being listened to at the time of the announcement. As if our “Federal Regulators” were trying to sneak in under the radar and take over a 40 billion dollar disaster; unnoticed.

This historical event will most likely not go unnoticed, particularly when bundled with the forthcoming bancruptcies, mass foreclosures, and implosion of the American stock market.

What’s most disturbing is where the blame is being placed, and how the public seems to willingly accept that we are temporarily suffering from a glitch in the system. Take a closer look — you’ll find that the system may have actually been driven into the dirt by a group of powerful individuals in the private and federal banking system, encouraged by asleep-at-the-wheel Legislators who were ultimately charged with the task of oversight and regulation.

We continue to accept what we are force fed. Misinformation, propaganda, and lame excuses for why we need to surrender what little wealth our society acquires. No questions asked, no protest required, fill up the S.U.V. and enjoy the weekend while the upper eschelon rapes our personal assets and sells everything we own to a sovereign wealth fund.

Collectively, we as a people are too weak and seemingly too stupid to do anything about. Personally, all I can do is complain, go along for the ride, and try to hedge by creating my own economy. My sincerest hope is that one day the ride turns towards revolt.

When is enough enough?

Wake up people! This is not good for any of us.