This to me is a nice distraction from the fact that since 2008 most western governments have bought an insane amount of bonds from banks, including their own go

This to me is a nice distraction from the fact that since 2008 most western governments have bought an insane amount of bonds from banks, including their own government bonds, with printed money, creating artificial demand for the very products that set the lowest risk interest rates. The japanese government even bought stocks with printed money. This has pushed interest rates down at a massive scale. There is nothing like a normal market on interest rates on money. It's all controlled by governments. Of course this also had the other effect of pumping money into many people close to governments, typically bankers, who instead of going to prison from the 2008 crises, now got rich themselves but also pushed up stock prices to make other rich people richer (Tim cook would never have earned $750m from high apple stock prices without QE from government). This might have the secondary order effect of what the blog post is saying, but it's still caused by government printing money.