So first, a little bit of definitions.

Let's say that it has, I don't know, 1 billion 1 billion in government bonds,

So these treasury securities, whether they're T Bills, treasury bills, treasury notes, or treasury bonds.

What is even a treasury?

I bought Defence Bonds.

But hopefully at this point you have a sense of what the yield curve is.

What it does with this is it essentially lends it out, so it's essentially buying debt.

And if buying debt seems like a weird thing to say, buying debt is the same thing as lending money (lending money).

I'm just for simplicity not going to do all of them.

Actually, I believe the one year itself is a note.

Three months I get about the same thing.

Maybe that's like here.

It'd be right about here.

Maybe it's here.

So maybe that's here.

longer, so things that are maybe going to maybe 10 year treasury bonds, or further out than even that.

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

You got plenty put away.

So I will give the government 1,000, the government would give me a treasury bill.

So, I don't know, I'm just going to make up some things.

And what does that mean?

And when the government borrows money, they're essentially issuing treasury bills, if you are talking about the U.S., treasury bills and treasury bonds.

Bonds were issued to finance a war.

Like that.

So in exchange it gets treasury securities.

Treasuries.

The game's objective is simply to lead correctly your country

And this is just definitional.

This guy runs the China Investment Corporation.

Poverty is on the rise and the gap is widening between the rich and the poor.

And we really like it.

So this banker thinks they have a great deal.

Our bodies have 35 trillion cells, trillion with a T. We're talking national debt numbers here.

That's just a definitional thing.

So you saw where I got my data.

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

Similarly, if it's three months, it's a three month treasury bill.

And they say we're going to borrow a billion dollars in one month notes.

And depending on the demand, that determines the rate.

And it's not backed by gold.

Because if you lend to the federal government and they're running short of cash, all they have to do is increase taxes on us the people and they can pay back your debt.

So that's maybe like here.

Paying the national debt could mean reducing the average income.

So liabilities. Liabilities.

Let's say assets and I'll talk about margin requirements