Tapering it’s purchase of Government Bonds.
What a joke.
We borrowed Billions from China and any other country stupid or greedy enough to accept our borrowing.
When they had enough the Government decided to borrow from ourselves.
They printed phony Bonds to be bought with phony money that was printed on the same printing press as the Bonds.
In reality this Bond and the Money are both worthless.
When other countries stop accepting the US dollar because they realize there is nothing behind it, the SWHTF.
The Federal Reserve is a private bank. Why does the US govt owe them anything? Why not just print the bogus stuff and not say it's a debt to anyone? It isn't money anyway...it's digitized computer entries.