We'll have persistently low rates until the US Dollar either crashes or is no longer the World's reserve currency. The US can't afford an increase in interest

We'll have persistently low rates until the US Dollar either crashes or is no longer the World's reserve currency. The US can't afford an increase in interest rates. With a debt level of 30 trillion, a mere 1% increase in the interest rate would mean an extra 300 BILLION DOLLARS would be required PER YEAR* just to pay that increase in interest. To put that in perspective, 300 billion dollars per year is roughly half of the huge defence budget. A 2% increase in the interest rate would cause the the US to default, leading to a collapse of the US financial system. * 30 Trillion Dollars = 30,000 billion dollars. 1% = 1/100. One hundredth of 30,000 billion dollars = 300 billion dollars.