And liquidity.

And let's say for whatever reason, all of these other

That's insolvency.

Liquid means it's very easy to buy and sell those securities in large quantities.

Beyond drag, lift and stretch there are many other properties we could simulate.

And frankly, you might be uncertain about

And that is opposed illiquidity.

Illiquidity is a different situation.

(Toilet flush)

You couldn't do it.

I'm worth 11,000.

And I can sell them.

He is a musician of the first rank.

Is floating

So now I have two problems. I have this and I have this.

So once again, I'm stuck holding this non liquid asset.

Put him on speaker.

It changes about a third of the way into the 20th century, when this became one of the primary venues for music.

It's about as mysterious as the liquidity of water.

For example, government treasuries is a liquid security or a liquid asset,

Consider this.

What does it mean to look at it from multiple perspectives?

And you might not even be able to find anyone to buy it a year later.

A lot of brain activity.

Catch! gulp

People coming together enjoying real music rather than the pop stuff,

I can hear your blood flowing.

But there will be at least some type of a market in the security, so you could have what you could call liquidity.

So there's a couple of issues here.

Safety because you know that this earnings stream is guaranteed.

Look at this! Isn't it cute, with its heart shape ?

They're fairly liquid securities.

All the banks are afraid to lend to any other bank.

And then you can imagine now Bank C is worried because now

The atoms lose their individual identity, and the rules from the quantum world take over, and that's what gives superfluids such spooky properties.

No, just, uh, music.

Is it supposed to make that sound?

There's huge frictions if you were to buy and sell, there's 20 every time.

Or some kind of fluid shift.

Now, what good are springy legs then? What can they do?

So, let's fire it up and see what it does. So let's play a 550 herz frequency and watch what happens.

This is communication technology for birds. It looks like this.

To explain, let's start in England in 1968. Part One

Maybe it's the porn tape. He doesn't have a porn tape.

Well, I'm going to turn on my iPod.