takhar see emerging in the central planners of the central banks and buying back mortgage backed securities is another bailout of the banks it's a rolling bailout these insolvent banks that don't have any net book value the book value of all the major wall street banks is negative they have no book value it's a it's a complete farce but the complete farce only somebody has to call it that's how game theory works the united states u.s. dollar standard post bretton woods was a farce until de gaulle sent a naval chef and got his gold back then and the farce ended somebody has to call it not everybody could live i mean americans living off here at house price gains is something new to americans that's something we saw for a long time in the u.k. we witnessed it like lots of our friends who just extract equity from their house prices which were going up 2 or 3 times the average wage and the united kingdom so if you have a property happen to have bought it in the eighty's then you are sitting pretty and not having to work but eventually somebody has to work and somebody if you're working you want