They can buy treasuries from either two sources.

There is the United States government.

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

This is the other context.

T bill if it's a shorter duration,

Treasury bond if it's a longer duration.

This is a Treasury bond.

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

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

This is an example here

Secretary of Homeland Security. Veterans Affairs. Education.

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

It went for 20 billion pounds through auction.

The Ministry of Finance is the next tower over.

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.

Okay? We want to try to recalculate.

So let me draw them over here.

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.

Money, money...

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

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

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Jump, JarJar, jump!

I traveled to the Gaza Strip.

We're leaving.

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Look out, Jar Jar.

Mesa rescued you.

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.

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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