External debt something that I can tell you a long story about because I personally worked on one of the biggest debts on the continent has come down dramatically.

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

And at the same time, what keeps me up at night is a fear that we'll look at the victories of the G8 50 billion dollars in increased aid to Africa, 40 billion in reduced debt as the victory, as more than chapter one, as our moral absolution.

You're still solvent.

They serviced the loans.

Helps bring it down.

So that's bankruptcy.

You go get bankruptcy protection.

(Audience cheers)

We would create incentives for securitization.

It can do it through debt or equity.

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

Over the next few years big decisions will be made in Washington on jobs, the economy, taxes and deficits, energy, education, war and peace.

Payable to the City of San Francisco.

What is your strategy in your household?

You have 189,000 as the value of this equity.

Have a surplus? Take two tax cuts, roll back some regulations and call us in the morning.

Now let's say it gets even worse.

It's exciting, but we went over our finances and...

Over the last few years, both parties have worked together to reduce the deficit by more than 2.5 trillion mostly through spending cuts, but also by raising tax rates on the wealthiest 1 percent of Americans.

It allows let's say this group of borrowers let's say this pool of borrowers right here actually didn't

This guy, he does have interest.

You can sell shares.

Well everyone knows that it's not going to be exactly 10 .

But in my world, it's called reduced obesity and diabetes.

It will taper each wall four thousandths of an inch (0.004 , 0.102 mm)

Now he's put together some thoughts

The workforce reductions could be unitized,

I can no longer fulfill my obligations.

So I really do have a positive equity of 11,000.

So we still have the same amount of debt.

So, each of these is an investor.

Every single debate has been sponsored by Clean Coal.

I'm just going to say that we're doing an interest only mortgage.

Improvement of natural energy technology

You're probably aware there's been a lot of talk about cutbacks.

So an 82 percent absolute reduction translates into a 90 percent reduction in greenhouse gas intensity relative to sales.

That man borrows money from many lenders.

That man is a heavy debtor.

That man has many debts.

The bank was profitable.

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.

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.

So it buys, it buys debt.