Central Bank of China.

However, in a pure quantitative easing regime, the focus of quality is the quantity of bank reserves, which are liabilities of the central bank the composition of loans and securities on the asset side of the central bank's balance sheet is incidential.

We're standing today in the Central Bank, and the Central Bank is responsible for a lot of the things I'm going to be speaking about.

We got 250,000 coins from the central bank, at different darknesses.

And it's ironic, because we're standing today in the Central Bank.

Now, the Chinese Central Bank, they have all these excess dollars.

Massive coal reserves.

Fortythree percent of reserves.

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Maybe before this money entered the system, maybe bank 2 was running low on reserves, but now people have deposited money in bank 2 so bank 2 doesn't need it as much.

These are reserves. So you have the demand for reserves going down.

So they'll go and they'll deposit it in maybe bank 1 over here, then over here in bank 2, and since there's more money in bank 1 and bank 2 you have the supply of money going up supply going up and also the demand for reserves is going up this cash right here, these are reserves.

So they would come back to the central bank and say, give us our gold.

Brussels or Germany or the European Central Bank, but rather as a necessary step that

larger biomass inside the reserves.

Reserves are like savings accounts.

These are my actual reserves.

So in this situation, what you're going to have happen is Bank A is going to lend some reserves is going to lend some cash to Bank B.

So just to understand what he's talking about, the central bank, it has liabilities and assets,

And then we said, over time, people just got used to the notion of using the bank notes themselves as reserves.

National Guard reserves overwhelmingly Sys Admin.

And nature reserves don't feed people.

So essentially, I make some reserves.

10 has to equal my reserves

He's started selling the grain reserves.

He's selling Rome's reserves of grain.

The first quote is from Jean Claude Trichet when he was governor of the European Central Bank.

Well, no. Because then a bank take on arbitrary amounts of risk and there are regulations, although I think a bank would do it on their own to some degree, but there're regulations called reserve requirements that tell us how much lending can a bank do relative to its actual reserves. In this case, it's reserves of gold.

Africa, Central

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central Crimea

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