Hey guys hope everyone is well everyone can hear me I just had an hour to blow before

a Friday night dinner date and I just saw a tweet from David.

It's a very good question regarding the mechanics

of the Treasury issuing bonds and how that works with the TGA and then with the TGA spending that money back into the real economy and how does that work with bank reserves if they're not really

dollars but they're more just inter-bank tokens and just a lot of the plumbing

stuff and I know this really really gets into the weeds but the more I learned about

this the more I realize that the devil is in the details and if you really want to have an educated view of what may come down the road as far as inflation or any of these things will affect your portfolio.

I think it's very important, if not mandatory, that you understand how this type of

plumbing works.

But at all, we'll just go ahead and set up a quick spaces because I think the one we had the other night was really productive.

And see if we can go through some of these good awesome questions and hopefully I can give you guys some answers when we get some dialogue going it will be productive.

So David I just sent you a speaker deal. You want to go ahead and

if you can accept that and then you can start off with that question that you had that you tweeted a while back.

Can you invite to speak?

There it is.

You got it buddy?

Yeah, hey, thanks and doing this on this short notice.

So on the task with pre-love, you described a scenario where there's kind of this like debt

monetization going on where the fiscal authority issues

debt, the primary or the banks will essentially

buy those in a print of fund the government.

And out stimulus check.

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