And that loan wouldn't be a bad idea because if this person isn't lying about their balance sheet, or I'm not

Sal Whatever's left over is your equity.

So, if I were to draw a balance sheet for someone's house, it would look something like this.

Frankly, it doesn't have to be a bank.

Obviously, this is simplified.

And this isn't the balance sheet just for my house.

But it doesn't hurt to review it here.

But anyway, I won't make social commentary.

Let me explain it.

And let's say these are its assets right there.

All of these banks, each of these kind of represents the balance sheet of a bank.

Although maybe your happiness is an asset, I don't know.

Obviously, they don't have an identical balance sheet.

let me do demand in a different color.

So in this situation, what happens?

Or there's some type of earning power that in some way is not captured here.

So I'm going to describe what illiquidity means to you.

I'm only going to get 50 gold pieces back.

Well, it's interesting.

So in this case, if I made a balance sheet before I enter into any transactions let me make it look a little bit

And in return I get 750,000 in cash.

And that's why they call it book equity.

So what happens?

But the first Eurobond, the raising of international capital offshore, off its own balance sheet, without any sovereign backing that is an indication of the confidence that is taking place in that economy.

Let me scroll down a little bit.

But that's getting too philosophical.

They swing left and right and up and down.

I care about the assets.

That's not too hard to value.

So going into day 10, this is his balance sheet

Maybe I'll touch on that in this video.

But the underlyingconcepts really aren't that fancy.

This is kind of my whole personal balance sheet.

And just so you don't get confused, there's always a

So we had 1 million and then we raised 10 million more.

Sure, and here I'm going to attempt to give everyone a 5 minute MBA, but essentially, what I've drawn here is our balance sheets for some banks, and it might sound like a complicated term, but a balance sheet is, I think, something that most people are fairly familiar with when they talk about home equity.

It isn't just the 100 or whatever the original price of IBM was.

And all companies don't have the same amount of shares.

Or assets minus liabilities is equal to equity.

There's the income statement and the other two are the balance sheet, which I have drawn a lot in a lot of the other explanations I've done on the financial crisis and whatever else.

And it really just kind of gets rid of a little nuisance.

So let's see where we left off.

I want to have money back in my vaults.

But we'll just assume we start a corporation.

I take a loss.