Well, that cash will then go to your grandmother who was holding the treasuries.

噢 这些现金会到你祖母手中她们原先是国债的持有者。

Those are going to be a basket of bank deposits and short term government securities probably U.S. treasuries.

这些将是一篮子银行存款和短期政府证券，可能是美国国债。

So most of what the Federal reserve owns are treasuries.

因此美联储持有的大部分都是国债。

They did. They announced that they're going to be buying more treasuries and also more mortgage-backed securities.

有。他们宣布将购买更多国债和抵押支持债券。

So funds live in a public blockchain treasury where anyone can audit income and spending.

因此，资金存在于公共区块链金库中，任何人都可以在其中审计收入和支出。

But that might deprive national treasuries of income; Germany and Poland are sceptical.

但这可能会剥夺各国国债的收入；德国和波兰表示反对。

So I was holding the treasuries and let's say that this is the central bank.

所以我手上有国债我们设定这是中央银行。

This would just be for treasuries, the safest borrower.

这是国债, 最保险的投资。

The U.S. treasury actually keeps some money there.

实际上美国财政部也有存放在那里的存款。

It was created by treasury secretary Alexandria Hamilton.

财政部长亚历山大? 汉密尔顿创造了这一机构。

Can the treasury bear such expense?

国库付得出这笔款子?

Treasuries are also less popular with the Federal Reserve.

国债在美联储那里的受欢迎度也有所降低。

So what happens if it takes these $100 bills and buys treasuries?

所以如果它用这100美元纸币来购买国库券 会发生什么呢？

US treasury secretary Janet Yellen also agreed the issue is short-term.

美国财政部长珍妮特·耶伦也同意这个问题是短期的。

The Saudis threatened to unload hundreds of billions of dollars in American treasury securities.

沙特威胁要抛售其持有的数千亿美元美债。

The treasury also conducted stress tests on the largest Wall Street banks.

财政部还对最大的华尔街银行进行了压力测试。

Treasuries could tank interest rates spike, the dollar sync and global economies reel.

美国公债可能遭受重创，利率飙升，美元同步，全球经济下滑。

So you need to convert some of these treasuries into cash.

于是你需要把一些国债变现。

The second was a secretary of the treasury who knew less about finance.

第二位是财政部长，他对金融知识知之甚少。

So a pretty big piece, roughly that much is treasury.

非常大的一块 大概这么多是国债。