So first, a little bit of definitions.

Is that the original Victory Bond?

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.

Japan is an island country.

Japan is a mighty nation.

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.

I mean, take the question of East Asia.

Japan is an industrial nation.

There are balancers the U.S., Europe,

I'm beginning to like this country already.

Japan and South Korea are neighbors.

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.

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.

Japan and Britain are island countries.

That assets, A for assets, is equal to

Japan is a rich country.

Japan is a beautiful country.

Japan is an industrial country.

And you see in the more equal countries on the left

There is no other country where books are read by so many people and can be bought so cheaply as in Japan.

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

Three months I get about the same thing.

Maybe that's like here.

This is 120,000 in equity, market value of equity, he has another 105,000 in liabilites.

This is the flag of Japan.

The Japanese are an industrious people.

We have a lot of earthquakes in Japan.

Japan and Britain are island countries.

It'd be right about here.

Maybe it's here.

So maybe that's here.

Japan stood with the United States at the U. N. Assembly.

So the only liability is this 5,000.

Come to think of it, Japan is a forestry nation, isn't it?

The Japanese watch Japan too much and don't know the situation overseas. Koreans watch Japan only and don't know the situation of their own country.

Apple doesn't say.