I know I've overdrawn this picture a little bit too much.

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

You're not a homeowner until you don't have debt.

The yield on the bond is 6 .

So given that 2 on 100,000 debt.

Or the other way to view it is, assets minus liabilities is equal to equity, right?

There might be different debt holders who have different

I, uh, I was just going to say I've been cashing A lot of bonds lately, haven't I?

Do it anyway. Who's moving the bearer bonds?

You could do it with corporate debt.

Maybe I can get 20 a year.

Bonds together with some money was stolen.

The money was stolen along with the bonds.

Most of it deposited over the last year.

I said, who gets the money?

So what happens when you go into bankruptcy?

Interesting.

They said, wow, this is great.

Okay, there are reasons for that, and I think we know what those reasons are.

So for example, if you by a well I'll just say a face value bond of, let's say it's a thousand dollars, and there's a thousand people who do that.

Oops.

I'll order him to turn over security protocols to you.

liquidate it.

It was 1.6 million in bearer bonds.

This is what happens when an unstoppable force meets an immovable object.

Because essentially, or you can view it this way, if you subtract liabilities from both sides, assets minus

Bonds, you become part lender to the company.

And just to contrast this with bonds, because they are often used in the same phrasing, oh I'm going to go buy some stocks or bonds, or I deal with stocks and bonds.

You can kind of view this as the liabilities of which debt is one of them.

Nevertheless, we will be eventually heavily rewarded from doing this.

i waive my constitutional right against unreasonable search and seizure.

There is a reason.

I guess I will include police harassment

What do you mean exchange of custody ?

And to stop it crashing over the last two to three decades, we've expanded the money supply, expanded credit and debt, so that people can keep buying stuff.

To pay off his debt,

And that makes sense, right?

And I think you'll get a sense based on where I took the 5 million out of, who gets the money.

Well, its assets are let's see one plus 21, 25, 26 billion in assets and its liabilities are 23 billion.

Remember, this is the annual interest rate but this is an overnight loan.

Inside the packet, you'll find a clearly worked out severance package.

That just comes out of the definition of what equity is.

And I'll go into more detail into how you value these types of things.

And so liabilities plus equity is equal to assets.

And they get paid first.