Not a chance in hell! Where else do you think all these fools will park their money? In the Kings bank of course, by decree of King Bernanke. There is no other place to put money during a meltdown and if the US melts down you wont be thinking about TBT, you will get a little more basic with food, gas and guns.
Never forget that debt is also someones asset.. We are drowning in debt.. But thus also assets, and as these assets chase yield, they also must compete for yield, thus driving down interest rates. having said that, i have recently gone long tbt, because i believe that ten year yields, and yields in general, have probably bottomed... But, they could stay at or near this bottom for a long time, years even, most especially if we are in a generally recessionary period where recovery is slow.. And most especially if any recovery requires yet more debt, thus asset, creation. And history clearly shows that slow debt growth is directly correlated with recession, and even depression.