The “real” canary in the coal mind will be Japan! It has been able to pull off this scheme (through endless QEs- they invented it) and see that their interest rates have not gone up, significantly, in nearly 25 years! I do believe the end game is near in that the FED will finally be exposed ,as the fraud they are, when the Dollar eventually tanks due to an alternative. The only reason it’s held up (relatively speaking) is because EVERYONE else has been racing to the bottom in devaluing their own fiat currencies! Keep your eye on the JP 10yr (see link below) currently yielding a pitiful 0.36%! Yes, Japan with a 240% debt to GDP ratio and with an even BIGGER QE scam than ours has their 10 year bonds yielding 0.36%! If, and when you see this spike (sic) to over 1% you’ll then watch the Nikkei tank by 5%- then you’ll know the jig is finally up with this Keynesian Madness! BTW- about 90% of the Republicans are NOW Keynesians! The Democrats are simply 50% Socialist/50% Marxist (iBTW- they’re not one and the same)!
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=BX%3ATMBMKJP-10Y&insttype=Bond
Japanese holdings of Treasurys TMUBMUSD10Y, -4.71% fell by $14.2 billion to $1.224 trillion since January, while China’s holdings declined by $15.4 billion to $1.223 trillion. On a year-over-year basis, Japan’s holdings increased $13.6 billion, while China’s declined $49.2 billion.