We would have notes outstanding more than the actual amount of gold.

我们会发未偿票据这些未偿票据的数量会际的黄金数量。

And so I'm going to take this Federal reserve note.

因此我拿着这个联储票据去。

Some promised to pay soldiers for joining the army.

有些票据则承诺为参军的士兵支付报酬。

So when I talked about notes outstanding, that's what this is.

当提及未清偿票据时 指的就是它。

And what am I going to do with that Federal reserve note?

那么我拿着这个票据干嘛呢？

The shopman was examining the note with a puzzled, doubtful air.

店员带着困惑、怀疑的神情检查着那张票据。

The notes promised to pay someone for supplying food, clothing, and weapons to the rebel army.

这些票据承诺向提供食物、衣服和武器的人支付报酬。

Thus far, there is little quantitative evidence on whether Golden Tickets produce Golden Outcomes.

到目前为止，几乎没有量化证据能够表明黄金票据是否会产生黄金结果。

So what they're going to do is that they're going to print some-- so these are Federal reserve notes.

因此他们就会印制一些这就是美联储票据。

The result will be a surge in issuance.

其结果将是票据发量激增。

This meant the people who first got the notes from the government would receive nothing.

这意味着，第一个从政府拿到票据的人将一无所获。

" What bank was it? I mean, what bank did your note belong to? "

“是哪家？我是说，你的票据属哪家？”

Moreover, a wider budget deficit means the Treasury has had to issue more bills and bonds.

此外，预算赤字扩意味着财政部不得不发更多的票据和债券。

Really! So what do you carry your loose change, your credit cards, tickets and mobile phone in?

真的吗？那你用什么装你的零钱，信用卡，票据和手机呢？

And to the extent that money-market funds buy up more bills, pressure on bank reserves would be reduced.

而且货币市场基金购买更多的票据，准备金的压力就会减轻。

Most collateral is now high-quality American Treasury bonds or bills. Even so, there are reasons to worry.

现在多数抵押品都是高质量的美国国债或票据。即便如此，还是有理由担忧。

China could return to the spot market notes.

中国票据可能重返现货市场。

Now, what happened on the Burman account is that they were sent duplicate bills by Tina and Ron in accounting.

缅甸帐户的问题就是，会计部的Tina和Ron给人家传去票据副本。

Oh, by the way, I see the notes are gone.

哦，对了，我看到票据不见了。

States, and they are some liner notes, dude.

状态，它们是一些班轮票据， 伙计。