In this case, an EBlT might be a little bit more informative.

And why don't you like them as much?

It's the same plot.

One of the viewers pointed out not incorrectly that one definition of return on asset so this whole video's going to be on return on asset that one definition of return on asset, and if you look it up on some of the finance sites or even some finance textbooks, they'll tell you it's net income over total assets.

But this shows you that the government of Uganda is not committed to spending its own revenue to invest in productive investments, but rather it devotes this revenue to paying structure of public expenditure.

So that means borrower X defaulted on his loan.

...I'm printing the money so that I can buy particular assets,

So whenever they get this money into circulation they do go out there and they do buy assets usually treasury assets, and then they say even, Indeed, although the bank of Japan's policy, so he's comparing relative to what Japan did when they kind of faced deflationary crisis.

So its assets.

Everything is going to be erased.

In this example that I did in the previous video, it was the pre tax return on asset.

That assets, A for assets, is equal to

Malibu Equity and Investments.

I don't want to draw this box.

And rich, eh?

I'd say the stamp he's bought is a considerable asset.

I'll do that in yellow.

It should start to make a little bit of intuitive sense

Malibu Equity and Investments. Roger Van Zant.

Obviously , a machine you can't do all of those things to it, but you can at least touch it and possibly smell and taste it.

liabilities plus equity.

For example, government treasuries is a liquid security or a liquid asset,

And what I wrote here is, it has 4 billion of liabilities.

He is a man of wealth.

He's a wealthy man.

Or across the street from each other.

So the total assets were 5 billion in assets.

You'd have to give up 93 of your net worth.

Your finances,your investments,your bank accounts anything you have hidden,she'll find it.

In a world without leverage so if I didn't have all this

So this is just another visual representation that

It doesn't sound like we borrowed money or anything.

Remember liabilities plus equities are equal to assets.

So let me copy and paste that.

Your filthy drug money has been transformed into nice, clean, taxable income, brought to you by a savvy investment in a thriving business.

Because to some degree, rental is kind of the earnings on a home.

Each share in this case once again, if you believe that the assets are worth 1 million are going to be 1 million.

But let's say its assets are worth 1 million.

Because long after this round of internationals left, business would help keep her country peaceful and secure.

All of the assets needed to start the firm, the pizzeria.

Or they just have a super flush bank account.

Remember, every time it'd issue a loan, like for right here, it issued a 100 gold piece equivalent loan to D and instead of giving D 100 gold pieces from, say, right here, it just created a checking account for D, which later D paid to A and that's why it's labeled A right here. Let me relabel another thing because the gold is a different color just so you see the gold.

But let's just kind of think about a generic balance sheet for a bank.

So 225,000

I guess you could say non cash assets, right?