meiberger >> i appreciate the data. think windows profound statement is the $11 trillion in government debt is negative yield. you know that means. they're paying you to lend you money. imagine that. they're paying you to lend you money. it's not wild. it's totally wild. >> it is >> as warned buffett said, i've not seen this movie before but i know it doesn't end well. because you're going to get it funny is that she people do a lot of stupid things. generally speaking. you see this as a warning sign. that's why i like to see this could we have to monitor this carefully in terms of what's going on. are we in a bubble, who knows but this is indicative of. and it's a very very profound point >> commissioner, along that, the previous number there the global debt going from one or 15 trillion pre-gst to 150 trillion right now $152 trillion that's a lot of money. that's three times global gdp. >> i know. they do. the one question i did have for you the one comment. obviously, it's very specific type of rents going down in sa

>> moved >> motion made by meiberger and seconded by paskin-jordan. without objection to the motion passes. would you call item 6 >> items six the consent calendar action item >> thank you. is there public comment on the consent calendar? seeing none, public comment is closed. may have a motion to accept the consent item >> moved and seconded. >> without objection the motion passes. mdm. clerk >> item number seven discussion item investment committee report >> thank you very much. this is a discussion item. investment committee, commissioner bridges >> the report stands as [inaudible] the committee met on september 21. it was very well organized it with great success in education via our investment team as well as some of the [inaudible], think mr. coaker and his staff. incarnating the speakers >>[background noise] i think we are a better board as a result of the information and knowledge we received on that agent so thank you could i welcome any other comments >> san diegan anyone on the committee want to comment? seeing none, but go to public commen

meiberger >> i appreciate the data. i think windows profound statement is the $11 trillion in government debt is negative yield. you know that means. they're paying you to lend you money. imagine that. they're paying you to lend you money. it's not wild. it's totally wild. >> it is >> as warned buffett said, i've not seen this movie before but i know it doesn't end well. because you're going to get it funny is that she people do a lot of stupid things. generally speaking. you see this as a warning sign. that's why i like to see this could we have to monitor this carefully in terms of what's going on. are we in a bubble, who knows but this is indicative of. and it's a very very profound point >> commissioner, along that, the previous number there the global debt going from one or 15 trillion pre-gst to 150 trillion right now $152 trillion that's a lot of money. that's three times global gdp. >> i know. they do. the one question i did have for you the one comment. obviously, it's very specific type of rents going down in