In case X percentage of people wanted their gold back.

Just for simplicity, let's just have the assets and the liabilies

It is a loan to the U.S. Treasury.

The attendance must not drop.

I'm going to take you through a worked example of whether that's really so.

However, in a pure quantitative easing regime, the focus of quality is the quantity of bank reserves, which are liabilities of the central bank the composition of loans and securities on the asset side of the central bank's balance sheet is incidential.

So this investor, who knows, it could be the

The Ministry of Finance is the next tower over.

We're going to take a write down.

And what they did at the Institute was publish every step of the way.

This is coming from the heart of finance.

It's amazing. The mainframe computer was invented in 1942.

So, just to parse the statement, when he says, credit easing resembles quantitative easing in one respect it involves an expansion of the central bank's balance sheet.

It's not fort knox.

And where's my reports?

We went. Clean.

What is that?

Evening report.

Here's the morning report for you.

Simonson, Sol. Report, huh?

Fuel report.

We got 250,000 coins from the central bank, at different darknesses.

That you've got to prove.

Yet have no security.

And immediately, you should be suspicious of that.

18 years worth of satellite imagery from Southern Somalia, courtesy of the Central Intelligence Agency.

Expense Report

So the way they did that is that they bought up all of the excess dollars using yuan that they printed.

He wrote the report.

This is the report from the

We've got orders to write a paper explaining why we're not advancing.

Did you read the rest of Ducky's report?

So we're going to start things with our Central Bank (in the US, this would be the US Federal Reserve.)

What I want to explore in this video is the different ways of measuring the amount of money we have in circulation.

The library is in the middle of the city.

How shall I make out the report on him, Captain?

I read the reports.

Jethro... this is a case report.

look at this.

As sure as I wish I could be. What's that?

Report from the forensic guy.

To get away as far as possible.

Allez. Go into the centre.

Now what's remarkable here is that this whole process is decentralized.

They knew that, and let that happen.