(snip)
It's incredible how I'm losing fat by eating low fat, high carbohydrate (plenty of fruit, white rice, pasta and cane sugar) and lower protein (~120g per day), while exercising less than I was.
Yep, you can certainly lose fat that way and even be healthy in the short term. The dangers lie longer term, not short. Depending on too many refined carbs, the body will pull on it's reserves of vitamins and particularly certain minerals to metabolize them. The refined products provide a macro (energy) with little to none of the micros (particularly vitamins and minerals), and a deficit can easily result over time if continued. An extreme deficit (all refined energy) has actually been tested, and led to death of the test subjects within about a month:
"Considering energy foods as adequate nutrition was first scientifically demonstrated to be false by
François Magendie by experiments on dogs and described in his
Précis élémentaire de Physiologie. He showed that eating only sugar, olive oil, or butter, each led to the death of his test animals in 30 to 40 days.
[3]"
Magendie, F. (1816) "Sur les propriétés nutritives des substances qui ne contiennent pas d’ azote",
Annales de Chimie (ser. 2) 3:66-77, 408–410.
I think the point I'm trying to make here is that our bodies are designed to take some nutritional abuse, but there's a limit both in intensity of the abuse and it's duration over time. There may come a point, even months down the line where it catches up to you. I can speak from experience as someone recovering (gradually) from alcohol abuse - the nutrient thievery is much quicker and replenishment needs greater. But during the time (and even the day after), I can have lots of energy.