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

So it buys, it buys debt.

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

And we really like it.

So this banker thinks they have a great deal.

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

longer, so things that are maybe going to maybe 10 year treasury bonds, or further out than even that.

And the way this affects the aggregate demand curve, the Federal Reserve doesn't just print money and go out and start buying things with that money, well it does buy things, but it doesn't go out and buy goods and services.

Orchards has.

The yield on the bond is 6 .

Because if it's buying longer maturity Treasuries, that will lower the yield.

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

And now we can see what happens.

And this non traditional type of intervention, where the Fed is no longer concerned about a target rate, because the target rate is already at zero, where the Fed is not purchasing short term debt, but is trying to buy longer term debt, things further down the yield curve, and maybe things that aren't Treasury securities to begin with, maybe they're starting to buy corporate debt, maybe they're starting to buy mortgage backed securities, this is called quantitative easing quantitative easing.

When did he buy them?

Who you buying it for?

If you want to send you know, cold into the Midwest, you buy at pipeline capacity, you buy up options on heating and cooling degree days.

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.

liquidate it.

It was 1.6 million in bearer bonds.

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It turns out he doesn't buy any of his equipment.

Bonds together with some money was stolen.

The money was stolen along with the bonds.

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?

And I can't decide.

So right here are a whole bunch of people's mortgages.

So they're going to do their own analysis.

(sighs) I know.

And the Fed usually cares about getting that interest rate within a certain zone, around a certain target.

Interesting.

And that makes sense, right?

They said, wow, this is great.

And the investors collectively buy these shares for 1.1 billion.

I want to buy a book.

That website could tell you things about that object.

And he got that kickass stereo he wanted.

Review the buy where we lost the Neski files.

Buy the Zomcon Zombie Alert heart monitor.

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And when the government borrows money, they're essentially issuing treasury bills, if you are talking about the U.S., treasury bills and treasury bonds.