until 1971. And it's still the second largest reserve currency. Central banks hold reserve currencies. So it has qualities that are different from this. And this has qualities like when the value of money goes down because of inflation, this >> Bonds. >> Okay. >> And bonds are basically lending the government money. >> That's right. If you lend the money at a certain interest rate, and then inflation and interest rates rise, you're kind of locked into that
If you lend the money at a certain interest rate, and then inflation and interest rates rise, you're kind of locked into that