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.

This difference between this AAA corporate debt and the treasury, that is the yield spread.

We see the Occupy protests, we see spiraling debt crises, we see growing inequality, we see money's influence on politics, we see resource constraint, food and oil prices.

(Audience cheers)

The government announced that they would pay their debts.

The dark blue line is how much the government spends.

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

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

And when it becomes and I said three videos ago that these dollar bills aren't just the liabilities or the obligations of this central bank.

There is an urgent need for improved living conditions.

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.

That's what happens in some systems.

And then on the seventh of September, I was invited to New York.

That's better than putting it in the bank.

Governments usually resort to price control when inflation has reached a certain level.

Encouraging telecommuting? What works?

Dream states?

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

My career in the government includes many overseas assignments.

The government?

The government just stays back, keeps the perimeter.

It's otherworldly, beautiful.

Some kind of government project.

You're still solvent.

They serviced the loans.

He makes a living by working for a government office.

Down with the Government!

This is what happened in Tunisia.

The government?

The company headquarters are right here.

Our government brought him here?

People in government.

And these are its assets.

Think of this, in America today, the majority of people under the poverty line still have electricity, water, toilets, refrigerators, television, mobile phones, air conditioning and cars.

So this is what I mean with a failing governance structure, because even the powerful government, which we have in Germany, comparatively, was not able to say,

So what is illiquidity?

Now, that is difficult.

This is Vannevar Bush.

And let's say on that 100,000 of debt, he got a really good deal.

let's have corporations take over, and that's not true.

US government had you working on mind control?

All right, everybody.

During which surveys were conducted at 3 points. baseline, midline, and endline, to study the impact of cash transfers on households.

And when times are bad, we've seen it multiple times, the government, the U.S. government, is all too ready to come out and bail out the private sector.