The yield on the bond is 6 .

But this I just want to show you some data here.

I know I've overdrawn this picture a little bit too much.

So let's say the short term overnight borrowing for,

You're not a homeowner until you don't have debt.

It was 1.6 million in bearer bonds.

And just to contrast this with bonds, because they are often used in the same phrasing, oh I'm going to go buy some stocks or bonds, or I deal with stocks and bonds.

So you got the corpse?

Bring them onboard.

Got it.

Interesting.

And that makes sense, right?

liquidate it.

Bonds together with some money was stolen.

The money was stolen along with the bonds.

There might be different debt holders who have different

I, uh, I was just going to say I've been cashing A lot of bonds lately, haven't I?

Do it anyway. Who's moving the bearer bonds?

So did we recover the cylinder?

Bonds, you become part lender to the company.

They said, wow, this is great.

I want you to collect magazines from everybody.

Everything is going to be erased.

So what happens when you go into bankruptcy?

Take it out of his payroll.

Can any data be recovered?

Morningstar type.

They go to 0.

Just the ones that I took?

You could do it with corporate debt.

Oops.

Nevertheless, we will be eventually heavily rewarded from doing this.

This is better than buying treasuries.

So for example, if you by a well I'll just say a face value bond of, let's say it's a thousand dollars, and there's a thousand people who do that.

Maximum iterations

The case has returned.

In the last video we talked about the scenario where a company, for whatever reason, it just couldn't pay it's debt holders.

And to stop it crashing over the last two to three decades, we've expanded the money supply, expanded credit and debt, so that people can keep buying stuff.

And recovering the cip device.

Listen, the FBI recovered that database you told me about, the list of names.

You can kind of view this as the liabilities of which debt is one of them.

You ripped off his bearer bonds.

Maybe it was A.

I said, who gets the money?

Perhaps you will be so good as to do the same for his creditors in Meryton,