Right. The Fed is in a box: if they raise rates any further, or even leave them where they are, the depression will emerge in all its “glory”. If they lower rates, the dollar will collapse and we won’t be able to pay for imported goods, which is pretty much everything these days.
There is no way out of this without a lot of pain for the average American, who has at best only the dimmest notion of the train wreck that is right ahead.
