Ben has been hard at work lowering interest rates. He has been adding liquidity to the financial system in huge amounts now for months. What he has been doing, in fact, is printing money, in huge amounts and putting it into circulation. This has the effect of making every dollar you make, spend or save worth less. It has the effect of destroying the World market confidence in the dollar. The first prerequisite for a stable national economy is a sound currency. He is systematically destroying any hope we have, in this country, to achieve this. He has accelerated an inflationary cycle that was already in danger of spiraling out of control.
What can the average person do in a situation like this? With all that new money floating around, someone is likely to be willing to lend you some. Borrow as much as you can. Spend it, as soon as possible, before it loses any more value, preferably on sex and intoxicants. It will make you feel better, at least for a little while.
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