Sally exchanged a twenty dollar bill for five dollar bills.

In the current world, it's not gold.

A 500 rupee note.

Then to clarify, she went on, He was not an environmentalist. (Laughter)

It's true. Currency, like gold or paper money.

Give me five tens and the rest in ones.

Mr. Newmark, listen carefully.

The bill amounts to fifty dollars.

To print as much currency as we need

So he's saying in traditional quantitative easing, the central bank says look, I just care about printing money

Do you have a five pound note?

I lost a ten dollar note.

So their liabilities increase accordingly.

Let's start at the beginning.

A sorcerer's profit on Wall Street?

Because although these two things are related, they aren't always exactly the same thing.

let's say that they're printing some money right over here, so that's money that they're printing, so this is literally, it would be federal reserve notes being created, so these are notes, which are essentially dollar bills.

Not yet.The bank is sending it over by messenger.

Fares. Small denominations. Street money.

Some of the marked bills I gave you.

And he can write checks against that.

The plates and the facility are ready

Which is essentially the same thing as printing money.

Actually, it's pretty and it's hard to counterfeit.

They were pieces of paper, cut in the size of bills.

So you're saying look, the Japanese were trying to fight a deflationary bank crisis, they kept printing money so they kept increasing the liability side of their balance sheet, they kept printing money and they did use this money for a bunch of stuff, they did use that money to go buy a bunch of assets, but their focus of their intervention was just, how much did they print?

But clearly, what's going on right now is just a wholesale printing of money.

It's my gospel, when I'm telling people, grow your own food.

10.347.915 plus two pennies.

Could you give me some change for this ten dollar bill?

So this is the expansion of the central bank's balance sheet.

Balinese

Bali

There's Mrs Barrie. Oh, Mr and Mrs Snow.

Mr Barrie?

He gave me a few for Christmas last year along with a cnote.

It's a security fiber for the new Canadian 100 bill.

Bali

Bari

JM Barrie. Pleased to meet you.

So what you see is actually a representation of how well people did what it was they were asked to do.

Who are you?

Too many for paintings, not enough for currency.

And all the stuff I could afford, I didn't like.

Was that Mr Barrie?