Mish accuses the fed of lying.

Mish is out today bashing the federal reserve for essentially admitting that it could never shrink its balance sheet.  It all sounded so outlandish and conspiratorial when I first began writing things like this years ago but now it's pretty much accepted as mainstream truth.  He wrote, "

Lie Finally Admitted

The Fed never had any intention of shrinking its balance sheet by any other method than holding bonds to termination over time, if that.  Supposedly a "debate" is now on.There is no debate. The Fed will do whatever the hell it wants while labeling the result a new "tool". Anyone who genuinely believes this is some sort of "new twist" should wear a scarlet sweater with the tag "gullible fool".".

That's right folks.  The fed is just the head of a grand conspiracy.  They lied about being able to shrink their balance sheet and they are even lying about holding them to maturity.  The fed knows that before that happens they will lose the confidence of Mark and Patsy and when that happens the USD will massively inflate or even hyperinflate just like all other fake paper money on the planet always has and always will.  If you don't see this by now I suggest you go find a scarlet sweater...  When, not if.