Hercules, interest rates are not free to float around under the influence of the gold price. Interest rates are determined and fixed by central banks. Your argument has the tail wagging the donkey.
The "potential disaster" that you don't see is the inability, despite 6 years and trillions of dollars of QE pump priming, of the Fed to create inflation so that interest rates can be raised. This is vital to restore a healthy productive business environment so the economy (GDP) can grow and grow employment. Then the U.S. treasury tax take can begin to address the drastic balance of payments problem and begin to draw down the national debt, which is currently around 100% of GDP. The way it's going, the debt keeps increasing, and if not turned around, disaster is only a matter of time.
and I haven't even begun to talk about the bank derivatives "time bomb" ticking away......
23.
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