(Laughter) So, a normal commercial bank has nine to 10 times leverage.

I'm going to show you about leverage.

So, assets are equal to 1,000 gold pieces.

There's a couple of really big problems that are still sitting there.

One is leverage.

let's say I have a 50 loss on these loans that I made.

And the second is very counterintuitive you can get the best people in the world.

Postal services are a government monopoly.

So in the next video,

And that's what leverage is a measure of, because if you have really high leverage, then you notice, when we had no leverage, you could take a 50 loss really easy, but now that we had even 10 3 leverage, even a 50 loss wiped us out.

This is an absolutely staggering chart.

I'm the guy that wants to help. This is our thing.

Well, the farmers think that they have 1,000 gold pieces.

Really? What kind?

You want your exponential growth guys are gonna get busted.

Consumers who represent 72 percent of the GDP of America have actually started, just like banks and just like businesses, to de leverage, to unwind their leverage, in daily life, to remove themselves from the liability and risk that presents itself as we move forward.

He failed in business.

Coffee time.

So, the very first question you've got to figure out is

This is a partnership, remember?

An internet exchange is a place where many different organizations can come together to interconnect their technology.

The scan in a couple of years will be one terabyte, or 800,000 books.

You cannot run a business by standing still in a rut.

Thus The Pirate Bay isn't idealistic.

Yeah, friends. Mercy jump. Stay away from my kid.

It'll look the business when it is, though.

This venture is impossible.

What are we, running a charity?

I'll actually talk about how leverage is regulated within banks, but just to give you another measure of leverage because this measure I gave you if someone says 10 3

We can either be on the wagon or we can buy foreign reactors in the future.

And we have explored reserve requirements and all that.

And now this is the early era of wearable robotics.

It might change my behavior.

It ended up being just on reserve ratios, this one.

The new venture was financed by a group of entrepreneurs.

So what they do is, they create a corporation.

George failed in business.

This job eats money.

He went far in business.

He failed in business.

Well, in the past, entrepreneurial education was about execution.

before your liabilities are greater than your assets?

Ollie, I was gonna give you a mercy jump.

Let's think a little bit about leverage.

There are also financial reforms in rural China.