Savings bonds.

They're savings bonds.

So a security in the equity world is a stock.

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

So it's going to be 6,000 times 1,000 bond certificates.

You can't get it on Yahoo!

We would create incentives for securitization.

It can do it through debt or equity.

I have 4 billion in residential CDOs, collateralized debt obligations.

There's very little chance of them defaulting on their loans.

But kind of the one that people always talk about, I guess in the same phrase, is bonds.

And we came up with this idea of issuing bonds, press freedom bonds.

And we said there's different kinds of debt.

But then there's a very fundamental difference in what the holder of the bond is doing.

My next presentation, I'm going to take it to a further

So that's what we're going to show you in the presentation on collateralized debt obligations.

I have a whole video on mortgage backed securities.

And because it's a junkier rating, no one is going to want to buy it.

I feel secure when I invest in stocks but not bonds.

bishop?

And what is a bond?

And we learned that debt securities are often called bonds.

His family is large.

He has a big family.

What

And the environment might be things like the stock market or the bond market or the commodities market.

So what you do is you have, let's say, the 6 million.

Family

Families.

A family?

Currency and bond markets are relatively calm.

So it's essentially this is an IOU from Company XYZ.

There is a price.

We are a family of four.

My family is a large one.

I have a large family.

There are four people in my family.

And so when the Federal Reserve or any Central Bank prints money, and it buys debt, it goes out into debt markets and it buys it, it usually buys the safest kind of debt, but that affects all of the debt markets, it goes out and buys in the debt market, they're essentially shifting the supply curve of money to the right, they shift the supply curve to the right.

How many people are there in this household?

We will be a family if it kills us.

What about the rest of your family? Mm.

Families ...

Where are your folks?

Where's his folks?

But you should watch the videos on mortgage backed securities and collateralized debt obligations, if you want to get a better understanding of exactly how the money flows go.