Are the Federal Reserve and the Chairman Ben Bernanke creating a muddier mess of the economy every time they try to stop a recession with their constant lowering of the Key Interest Rate?
So far since September 2007, the Federal Reserve have cut the interest rate up to six or seven or even eight times already, promising that each time was the last to secure that we not go into a recession. Yet each time they slash the rate, it has prove not to be the last since the inevitable is sure to happen. Or has it happened already and they are just not admitting to it, while they lie to the American people?
I don't know about you, but in January it was reported that the key interest rate was lowered five times since September 2007. That means that in February and March and again in April when Bernanke and the Fed cut the rates those three times the number increased to eight times since September 2007.
Where is the outcry? Why hasn't anyone stood up and said, "YES WE ARE IN A RECESSION!" Do they really think that the USA citizen is that naive and gullible? Or are we?
One thing is certain, someone is laughing all-the-way-to-the-bank. And that someone is NOT the USA citizen.