Taper Talk Is A Total Misdirection? $6 Trillion In Spending Planned For 2022 Is The Main Problem

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While the mainstream financial media talks about tapering QE because of the hundreds of billions in cash parked by US banks at the Fed’s reverse repo facility, this is a total misdirection from the real problem.

How the Biden administration is proposing spending to increase to $6 trillion in 2022 (and growing more after that) without anymore foreign net buyers (Japan and China are not buying anymore) of US Treasuries.

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Biden to push $6 trillion U.S. budget for next fiscal year -NYT www.reuters.com/world/us/bide…

Biden Unveils $6 Trillion Budget That Will Raise Federal Spending To Highest Post-WW2 Level www.zerohedge.com/political/b…

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Tavi Costa Tweet on how the Fed’s balance sheet increased by $32 billion this week and the Fed made the largest US Treasury purchase in the last 6 months: twitter.com/TaviCosta/status/…


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