All this is progressing EXACTLY as it is "supposed to." Yes. The debt market is a Frankenstein bubble, it will burst, and when it does a massive/sharp spike in rates will occur. Most people will be blindsided....( the real plan), and subsequently left destitute. Property values will plummet and stock prices will get decimated.
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a business day "MarketReport" on YouTube. You can find out more about what he offers at his website Traderschoice.net.