Ben's claim on long term rate

Fed economists estimate that yields on ten-year Treasury bonds would be around 70 basis points higher than their current level of around 2 percent had the Fed not bought such bonds to begin with.

OK, the Fed claims the spike in the ten year we are seeing now, would have happened five years ago, if not for seigniorage bailing out Congress, the bond tax.

Note the long term trend is down to 2.5 anyway, 2.9, which we have is already unsustainable. Now, we shall see, test Ben's theory. I claim the ten year will crash again in the recession, all by itself without Ben or Powell's help.

The ten year is at the end of the monetary cycle, it is low because if it is not low there is no fiat to make dollars.  

But, then I concede Ben's point, this time around. Without the severe intervention of new central banking technology, we are doomed.  But, Ben has discovered the last element to our solution, the escrow router.