"The gist: The Fed is seriously thinking about how it might begin the QE wind-down process. "
You mean how the Fed is gonna quit ordering transferable scrip in electron form to the tune of $85 Billion per month for the last umpteen months to buy its own T-bills to ‘equitize’ what they spend on corrupt programs and propping up the market?
Usually the writer goes to great pains to make a show of basing points on hard numbers --but only when it doesn't matter because he's just rambling. On this debt thing (the nub of the entire rant) he suddenly flips into fantasy mode making up numbers knowing the true believers never care about checking.
Seriously, in the real world we got the US --with maybe a fourth of the world's wealth-- at $79T assets minus $13T debt and that = $66T net worth. Money is important and we can't just make up our numbers and think we can get away with it..