Just make sure he has the money ready.

Japan's gold and foreign exchange reserves stood at 68.9 billion at the end of 1998, down from 77.0 billion a year earlier.

Well, no. Because then a bank take on arbitrary amounts of risk and there are regulations, although I think a bank would do it on their own to some degree, but there're regulations called reserve requirements that tell us how much lending can a bank do relative to its actual reserves. In this case, it's reserves of gold.

Yeah, till next month when the town council meets. Marshal's pension fund.

But there's an issue here.

So our total gold assets are 500 and what's our total demand accounts?

In the previous example, I had Pension Fund 1, that was my pension fund.

100, 200, 300, 400 600 and I think this is another 100 here 700.

Maybe I'll drawn me in magenta.

And this is Pension Fund B.

The ransom lies ready

I borrowed money from the company's cash reserve.

So let me set aside 10 of that.

Now this is a huge achievement.

I could've retired on half pay after 20 years.

We've been putting on this Protest Pageant for a year.

So let's say this is my original deposit, or my principal.

A lot of my friends were still in it.

Pension Services, please.

And in return, they give 11 .

Singapore's Central Fund provides pensions.

I'll get better interest. So let's say that there's so

And in fact, in 2000, I was ready to talk about eBay, but no call.

Now, Gordie, I got a big deal cooking in St. Louis.

I'll borrow it from my pension.

About 1,700,000. It's a Federal Reserve shipment.

But I don't do that.

I could have borrowed money in some other way, but I won't worry about that right now.

I had seven more years to get ready.

Well, maybe he thinks he's entitled. It's like you and your pension fund.

Money is not a criterion of success.

Just Like a penny, doesn't it?

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8 meters...

Yes, Master Kincho.

A will pay Pension Fund 1 10 .

Let's say Pension Fund 1 were to lend 1 billion to A.

From my pension fund they're getting 1 per year of 1 billion.

The price of money will go down, that's what the federal funds rate is, it's the target rate, so I'll say Fed Funds Rate, it's the target rate that the Fed sets for the overnight borrowing of reserves between banks, that's the Federal Funds Rate, and it will go down and that's how the Fed tries to set the Federal Funds Rate.

So where is it?

I put the money in a three year time deposit at the bank.

And they just get these income streams, right?

He was granted a pension.

So if you think about it, gold didn't play any role.

My son needs a haircut, or whatever the need might be.