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?

The Spanish Victory Bond.

Grab the bonds!

I bought Defence Bonds.

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

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

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.

A 1 0 U.S. Savings Bond.

This Bond is a masterpiece.

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.

Is that the original Victory Bond?

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.

The first time, he takes a picture of the Bond.

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?

Is the Bond still negotiable?

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.

This Bond does have a fascinating history.

And we really like it.

You shouldn't have signed the bonds.

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

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

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.