Oh look, lower interest rates. This should shut those ponzi folks up... the ones yammering about 7% not going to last for one year. It sure didn't, but pirate still isn't running a ponzi

Quite to the contrary, it means that the pirate can no longer pay out 7% to those on auto-payout of their interest. The auto-payouts are eating into his stash. It is a sign that the Ponzi scheme is nearing its end.
If the rates are getting lower maybe some think its time to join the train before the ride stops. Seeing it as a business venture soon to end.