So for example, if you by a well I'll just say a face value bond of, let's say it's a thousand dollars, and there's a thousand people who do that.

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

I know I've overdrawn this picture a little bit too much.

Bonds together with some money was stolen.

The money was stolen along with the bonds.

Bonds, you become part lender to the company.

liquidate it.

The yield on the bond is 6 .

Over 70,000 in cash,silver,and liberty bonds.

No, I said I'm going to drive!

You're not a homeowner until you don't have debt.

And just to contrast this with bonds, because they are often used in the same phrasing, oh I'm going to go buy some stocks or bonds, or I deal with stocks and bonds.

And so you're writing a 1 billion check to the equity holders and a 1 billion check to the liability holders, or the people who lent this company money.

That's better than putting it in the bank.

Perhaps you will be so good as to do the same for his creditors in Meryton,

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It was 1.6 million in bearer bonds.

I owe the bank 750,000.

So it buys, it buys debt.

And they get paid first.

You got that five you owe me?

Open Market Operations. They will go to the market, maybe directly to these banks, or some other banks, and they will buy treasuries.

This is better than buying treasuries.

I can tell if you pay your bills on time.

There might be different debt holders who have different

I, uh, I was just going to say I've been cashing A lot of bonds lately, haven't I?

Do it anyway. Who's moving the bearer bonds?

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levels of seniority.

Now, all of a sudden, all of these people, probably all of whom who took these home equity loans, let's say all of them did it.

What's this building?

What will it cost to post bond?

And I think you'll get a sense based on where I took the 5 million out of, who gets the money.

Interesting.

And that makes sense, right?

They said, wow, this is great.

And what keeps banks from just keep issuing more assets and debts to expand its balance sheet is a reserve ratio requirement.

Mutt dotlock privileged

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PolicyKit KDE Authorization

No, no, no. Come here.

So you won't properly price and risk in the future.

Modern cities are fossil fuel dependent.

Remember authorization

I'm buying a treasury bond, means I'm implicitly lending that money, if I buy the bond directly from the government, that means I'm lending that money to the U.S. government.