They can buy treasuries from either two sources.

The public agency with the greatest expertise on Earth is of course the treasury that is, the British Treasury.

There is the United States government.

This is the other context.

T bill if it's a shorter duration,

This is a Treasury bond.

But if the Fed wants to inject more cash, it can now buy different types of securities.

This is an example here

Treasury bond if it's a longer duration.

That's why it's called open market operations.

It's not accurate, but just gives you an idea.

Secretary of Homeland Security. Veterans Affairs. Education.

And I'm doing this just to show you a point

And maybe it also does some longer term treasury securities, or whatever else.

So this right here is a Treasury bond or bill.

It went for 20 billion pounds through auction.

The Ministry of Finance is the next tower over.

Okay? We want to try to recalculate.

I'll draw it as a dollar bill, right over there they hand the U.S. Treasury money, and then the U.S. Treasury gives them an IOU.

So let me draw them over here.

They are going to issue Treasury bills, when they essentially just need to borrow money.

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If the British Treasury can be out by a factor of 10, think what the ministry of finance in Sierra Leone is going to be like.

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And then at some future date, the U.S. Treasury is going to pay them a larger amount of money than they put back in.

And then that's led to a decrease in prices.

I traveled to the Gaza Strip.

And yet what we are doing about?

And I made a Freedom of Information application in May this year to the Ministry of Finance.

So whenever they get this money into circulation they do go out there and they do buy assets usually treasury assets, and then they say even, Indeed, although the bank of Japan's policy, so he's comparing relative to what Japan did when they kind of faced deflationary crisis.

10 million, in negotiable US Treasury certificates, coupons attached.

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It can buy Treasury securities, so instead of short term Treasury securities, maybe it could be longer term Treasury securities.

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This difference between this AAA corporate debt and the treasury, that is the yield spread.

The general hospital right next door emerged largely unscathed.

We inspected government buildings.

I have a whole video on this, especially the ones where I talk about the yield curve.

I work in the State Department.

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One o'clock sharp, lunch with foreign ministry.