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

Savings bonds.

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

So a security in the equity world is a stock.

They're savings bonds.

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

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

So that is authoritarianism.

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

And I kind of jumped the gun a little bit.

Right? You have to have economic structure.

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Secondly, you have to bring structure into place.

You have to have legal structure.

For most of that time of life on Earth,

So much for Velcro, right?

Oky doky then. If there's any common sense in the design of the enemy's ship

This particular wall has a 10,000 psi strength.

Currency and bond markets are relatively calm.

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.

It strips it away of its strongest weapon fear.

Break gives us a way to stop the loop even while the test condition is true.

Take a look at this little tuft of capillaries.

You are constitutionally incapable of not shutting the fuck up.

looking at, I'm going to go through each of its destinations, so that I'm going to create an edge that goes the other direction.

A common way to finance a budget deficit is to issue bonds.

bishop?

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

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Why do we need to act for Seed Freedom?

And we said there's different kinds of debt.

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 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.

Our base case is T(1) 1, which is indeed less than or equal to 4.

Oh, this has to be a little better than 5 and a little less than 8, so 7 would be perfect.

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