I Didn’t Write This, But…

"As the mainstream financial infomercial media dutifully reported, the Fed announced that it will increase the size of the twice monthly TAF auctions to $75 billion from $50 billion, intimating that the Fed is again adding liquidity to the system. That wasn’t true in the first place, but why let a little thing like truth get in the way of financial market manipulation, marketing, and distribution. My guess is that they will yet again do it with SOHASO, simply taking the quarters out of one ear to make them disappear in the other, rather than adding any net liquidity to the system."