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

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

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

liquidate it.

There might be different debt holders who have different

If that's what it says. Can I check one of these volumes out?

And that makes sense, right?

The yield on the bond is 6 .

I said, who gets the money?

So what happens when you go into bankruptcy?

She's doublechecking with payroll now.

We had to write off the debt.

They go to 0.

Perhaps you will be so good as to do the same for his creditors in Meryton,

And they get paid first.

It was 1.6 million in bearer bonds.

Could you tell me where the plat books for the northwest valley are?

Bonds together with some money was stolen.

The money was stolen along with the bonds.

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?

This is the debt, or the liabilities.

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

They serviced the loans.

Interesting.

They said, wow, this is great.

So what happens is that the debtor stays in possession of the assets.

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.

And it's often, maybe this debtor right here, he'll hire one bank.

Bonds, you become part lender to the company.

You could do it with corporate debt.

Oops.

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

Japan has been the biggest holder of the US government debt.

So everyone decides that it's in their best interests to keep this thing running.

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.

And these are its assets.

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.

Let's just give it all away, or let's sell it, and give it back to our creditors.

This is better than buying treasuries.

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

Morningstar type.

That's better than putting it in the bank.

You ripped off his bearer bonds.

Maybe he buys his bonds back from us for 60 percent of their value.