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

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.