The prize will go to the man who is to write the story of Suvorov's campaigns.

That means as long as at any given moment in time, more than 20 of these people don't demand their money back, the bank's going to have liquidity.

That would be total bank notes in this case and bank notes are also something we'll later leave a world where every bank is issuing bank notes, but I just wanted to give you that kind of historical context, how bank notes even started off.

over the total amount of

So the central bank goes out, and let's say they go and buy 1 liquid security for 4, so this is the security right over here and the person they bought the security from decides to deposit it in a bank.

Annual rate of security

It seems the government's looking for Harry.

So what you do is you have, let's say, the 6 million.

learning only too late that something was wrong.

And it makes sense.

And you end up with a mortgage backed security.

That's when he'll try to summon the demons to this world.

But it is just like a stock.

Everything on the liabilities right now is on demand loans, which means whoever has that liability can come back and exchange it for gold at any moment in time, but the bank could've taken just a regular loan

I have a whole video on mortgage backed securities.

So it's going to be 6,000 times 1,000 bond certificates.

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.

200 D's cash or 250 in food coupons?

The policy number of my insurance is PC two three five seven.

We would create incentives for securitization.

It can do it through debt or equity.

I have 4 billion in residential CDOs, collateralized debt obligations.

T bill if it's a shorter duration,

Treasury bond if it's a longer duration.

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

So a security in the equity world is a stock.

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

This is an example here

And let's say that I can, in the bank,

So these shares each of these one million shares this is a mortgage backed security.

So what I do is, I take their 900 gold pieces, and I take it as a deposit.

When you put money in the bank, you deposit it.

So either he paid somebody off or he hid the money

So 10 of 110 is 11.

They have good credit etc etc.

I think it's a distraction.

We're not so sure he took anything except the cash.

We're from the Securities and Exchange Commission.

Checking,savings took out about 125,000 in cash.

And we said there's different kinds of debt.

And the loans are just the right on these 10 payments.

This is highly rated mortgage backed securities, maybe they have a slightly higher interest rate.

I'll open a bank account.

I have a fairly wealthy village.

So I'll give him 5 times