The reason central banks and the Fed are keeping interest rates low is because if they reach even a paltry four percent then most governments will be using 100% of income to service their current debt. At that rate the fiat economy slides into total destruction. But this time, there is no global gold backed currency to fall back on, as the world did at the Betton Woods conference of 1933. We went off the gold standard in 1973 because Lyndon Johnson wanted his colossally expensive, incompetently managed war along with the Great Society. So, he printed cash to do it. Charles DeGaul spotted this and began buying and trading dollars for gold. In a short time, had Nixon not taken the US off the gold standard, DeGual would have emptied Fort Knox.
And that is it right there - what you said. A slight aside: It was Qaddaffi attempting to set up an African currency backed by gold that cost him his country, then his life.
The socialist west cannot take even a slight increase in interest rates - the debt is so great that the forced austerity program, to use a far too mild term, would create violent anarchic revolution across the globe. People would literally be starving to death by the millions...in the west.
The global elites...these and the political class...are competent at one thing only, making themselves uber-wealthy while doing no work at all. And that is the sum of their competence and interest.