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

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

Over the next few years big decisions will be made in Washington on jobs, the economy, taxes and deficits, energy, education, war and peace.

The yield on the bond is 6 .

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

One reason I found is that large corporations are taking more than 900 billion dollars out of poor countries each year through a form of tax avoidance called trade mispricing.

liquidate it.

It was 1.6 million in bearer bonds.

Now what about the U.S. government?

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?

Interesting.

And that makes sense, right?

They said, wow, this is great.

And to stop it crashing over the last two to three decades, we've expanded the money supply, expanded credit and debt, so that people can keep buying stuff.

We give foreign tourists the privilege of tax exemption.

Bonds, you become part lender to the company.

I said, who gets the money?

So what happens when you go into bankruptcy?

No, that's right, the midsize is 255 plus tax.

You could do it with corporate debt.

Oops.

Nevertheless, we will be eventually heavily rewarded from doing this.

But Goldman's boys are well placed among the architects of power and they not only arranged for a huge bailout. but more importantly, they got the taxpayer to pay to save AlG from bankruptcy by up their collapsed loans and that incidentally saved Goldman Sachs from the same fate.

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.

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.

This is better than buying treasuries.

You can kind of view this as the liabilities of which debt is one of them.

Morningstar type.

They go to 0.

That's better than putting it in the bank.

You ripped off his bearer bonds.

Maybe he buys his bonds back from us for 60 percent of their value.

Each taxpayer has the right to know where his money goes.

All taxpayers have the right to know where their money goes.

But the British insisted that Parliament did have the authority to tax the colonists, especially after Britain went deeply into debt fighting the French in the Seven Years' War.

The bankers stayed with their loan recipients.

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

And they get paid first.

Remember, this is the annual interest rate but this is an overnight loan.

Maybe it was A.

Most of it deposited over the last year.