In case X percentage of people wanted their gold back.

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

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

I need to...this is... I can't balance all of this.

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

So this investor, who knows, it could be the

Well the British government did a model of telecommuting.

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.

And here's the view outside the hotel.

What bank?

Bank?

Looks like she was commissioned about four months before

Also once slept at the time... I took an interview for a job.

We'll talk about it in a lot of different contexts.

The Ministry of Finance is the next tower over.

So at some point, they give up.

I'm in banking. In banking? How'd you get into that?

So in part of this negotiation process

Let's call this Bank A.

And let's say that Bank A

BANK OF VENICE...

Yes. Banking section.

Which bank?

It's a bank.

B...

Banker?

A banker?

It never stops.

But women are the same throughout the galaxy, aren't they?

The Bank of Tokyo amalgamated with the Mitsubishi Bank.

Tomorrow i'll be able to buy honolulu!

He works in a bank.

Banking.

so you stop at a bank?

Well, at the moment, it's residing in a very modern bank in Brazil, Rio de Janeiro.

Let's say I still go to the bank.

You'll find the shop between a bank and a school.

So when I talk about the short term interest rate I'm talking about the interest rate on loans that are made over very short periods of time.

Kyowa Bank and Saitama Bank merged into Asahi Bank ten years ago.

The Mitsubishi Bank merged with the Bank of Tokyo.

OK, so now we're in an interesting situation.

Like a bank, you know, except better than a bank, cos, you know, banks always get knocked off.

This is coming from the heart of finance.

I know, you haven't met them.

Eighty grand?