The Immediate Balance Sheet of Treasury Securities

The Fed is trying to make dollars fungable with treasury securities. If you aveitrseto securty around the world and you have trouble ever finding a buyer for it, they are trying to mace the set up mechanisms of which you can sell it to the fed. They're really a fundamental piece of how the current architecture of the acnomic system works. And that that is a there's been a slow, but sort of radical transformation of what a treasury security is.