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

So over here you had another liability.

Most times the liabilities are pretty easy to get a handle on.

Picasso is an eminent painter.

So now I have this liability.

So liabilities. Liabilities.

Let's say assets and I'll talk about margin requirements

So let's say these are debt holders right here.

No customers...no girls, either.

This is the angel investor, and this is all of us down here, and all of this is equity.

And let's say that's all of their liabilities.

Under your inspired leadership, Illustra will reach new heights. So we

And then we have the debt, the debt of the company, or the

Let's think about its liabilities.

And then we have a little bit of cash on top of that.

It should start to make a little bit of intuitive sense

I'll continue the example in the next video, and I'll explain a little bit about the tax savings from carrying debt or interest.

I owe the bank 750,000.

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

What I could do is maybe 100 of it,

These are the assets that our five buddies have together.

This is 120,000 in equity, market value of equity, he has another 105,000 in liabilites.

This was equity.

liabilities.

Stoddard's pressing Sarti.

This business is a good business.

So in this case, our assets are 250,000.

So you have an Accounts Payable liability of 100 sorry, at this point we had no Accounts Payable liability and then after the end of the month we have an Accounts Payable liability of 100.

And they got an asset called loan to Bank A.

What do you seek to express there?

All its buildings and its employees and its brand.

liabilities as well.

It had 5 million of debt.

What are my liabilities?

That assets, A for assets, is equal to

I think I had called it Loan C.

This company now is completely delevered.

I now have cash of 1 million. What are my liabilities?

YoOOuse shell corporations to hide your debt.

And, what that led to was this.

An even bigger picture, if I now look at my balance sheet, what are my liabilities now?

Did you pay the taxes?

Americas, or your Chases of the world, then one of the

That we'll just put generally as liability.

And forgive us our debts, as we forgive our debtors.