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What If Central Banks Buy 90% of Gov’t Paper?

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A few questions have come in asking how can rates rise if central banks end up buying the bulk of government bonds at auctions like just took place in Germany with 50%+? Rates would rise in the private sector and this is the shift between public and private that is always unleashed. Like Japan, nobody will accept the government paper hopefully not for 600 years.

Government debts ALWAYS collapse without exception. Why people even call this “quality” is amazing when it is UNSECURED backed only by the delusion of CONFIDENCE. Capital will simply wake up and move to the private sector. This is starting and it is why Germany could not sell all its debt privately.