The interest rate disaster

The price of money (interest rates) has traditionally reflected its demand.  With the Fed's manipulations that no longer governs.  Imagine:  government guaranteed bank CDs are paying a negative real rate of interest.  This is the same government that is technically bankrupt.  Banks and other government favored borrowers are cleaning up.  And investors who saved their money?  They're being crushed.

The King is mad, isn't he?