During which surveys were conducted at 3 points. baseline, midline, and endline, to study the impact of cash transfers on households.

Let's go to Madurai, India and test it.

But this I just want to show you some data here.

There is an urgent need for improved living conditions.

They work for longer hours with less income, less social welfare.

You're still solvent.

They serviced the loans.

Helps bring it down.

Have a surplus? Take two tax cuts, roll back some regulations and call us in the morning.

So that's bankruptcy.

You go get bankruptcy protection.

The Federal Reserve cut its benchmark discount rate to an 18 year low.

Water level

We would create incentives for securitization.

It can do it through debt or equity.

I have 4 billion in residential CDOs, collateralized debt obligations.

Over the next few years big decisions will be made in Washington on jobs, the economy, taxes and deficits, energy, education, war and peace.

Payable to the City of San Francisco.

External debt something that I can tell you a long story about because I personally worked on one of the biggest debts on the continent has come down dramatically.

So we still have the same amount of debt.

Where have essentially, you have an equal amount and very

So you could just use one face like this.

He keeps harping on about declining standards in education.

What is your strategy in your household?

You have 189,000 as the value of this equity.

Now let's say it gets even worse.

It's exciting, but we went over our finances and...

The bank was profitable.

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It allows let's say this group of borrowers let's say this pool of borrowers right here actually didn't

This guy, he does have interest.

You can sell shares.

Well everyone knows that it's not going to be exactly 10 .

The river is very low.

And so when the Federal Reserve or any Central Bank prints money, and it buys debt, it goes out into debt markets and it buys it, it usually buys the safest kind of debt, but that affects all of the debt markets, it goes out and buys in the debt market, they're essentially shifting the supply curve of money to the right, they shift the supply curve to the right.

Given a high level of bond issues, the cost to service them will increase.

And in one generation, for example,

I can no longer fulfill my obligations.

So I really do have a positive equity of 11,000.

So, each of these is an investor.

Water finds its level.

And I'll set your office up,

Hence the name Basic income.

That man borrows money from many lenders.

That man is a heavy debtor.