"Government bonds are valued according to expectations of returns to capital in the future. When you have an oversupply of money relative to (qualified) demand, interest rates are low, since they reflect the price of "renting" that money. Again, with the best minds all around the world betting money based on these expectations, why would anyone presume to assume that they know more than the collected wisdom of all the people valuing these bonds?"

Really????? Your claiming interest rates today reflect market wisdom? LOL. I will not even attempt to address that statement other than to say that ought to be the way it works. If we had a real market.

But we have inflation of prices. Just not measured by the metric the powers that be want us to believe in. The CPI. Look at the total valuation of all asset classes in the world. No inflation???? LOL The whole world suddenly got "worth" more? Read my diminishing yardstick explanation I gave to Billy.

John