And then instead of giving them actual gold,

I'll open a bank account.

And I don't hand that person gold.

I'd like to open a savings account.

At the beginning of the week,

Let me do that I'll do that in purple. These are checking accounts or notes deposit accounts for people.

I only have 1,000 of cash.

So how can we do that?

He opened a checking account with the bank.

And then I have checking accounts for these people who deposited them.

Microsoft makes a lot more than that, but I make a billion dollars.

Now the natural question is, how far can this process continue?

I opened an account in my daughter's name.

although this would be an asset for him is a checking account.

I have a lot of money in my savings account.

I could have also issued notes and all of that, but let's say

And then I can create a checking account for him.

It's the savings accounts versus the debit accounts with no deposits.

I could've actually issued bank notes, same idea.

Let's say I take a 100 gold piece deposit, and of course I have an offsetting checking account that those people can at any point use either to write checks or at some point they can come back and demand their money back.

So, he starts off with a negative balance, so a negative balance means that he's overdrawn his checking account.

What I could do is maybe 100 of it,

Checking,savings took out about 125,000 in cash.

I just give them a checking account.

I owe them 1,000 gold pieces that they can come and get at any moment

He deposited 100 dollars in his saving account.

Anything in their toy account they can spend on whatever they want.

I can just create a checking account for Entrepreneur C.

This is essentially a way of keeping the gold here and we just use these checking accounts and these bank notes as a way of transacting instead of the gold itself.

I can make a checking account, 100.

You're gonna be looking at my people going through their bank statements, their phone calls and medical records.

So what I do is, I take their 900 gold pieces, and I take it as a deposit.

Joint account was opened. Only two people could draw on it.

Which is his right.

By doing that simple thing, there was an increase in enrollment by 20 percent and there was an increase in the amount of people willing to save or the amount that they were willing to put down into their savings account by four percent.

He's a little bit richer, gives 200 gold pieces.

Unfortunately, at the moment, it's mostly deployed by the Russian mafia in order to steal your grandmother's bank accounts.

Fifty percent of all the money that they earn or get gifted, 50 percent goes in their house account, 50 percent goes in their toy account.

But regular cash deposits were made to your personal accounts, somewhere upwards of 5,000.

And then taking the difference if this really is the difference, I just made up these numbers for simplicity, but taking the difference maybe the difference is forty five hundred dollars each year and putting this into a savings account or investing it Or putting it in a mutual fund whatever you do.

The money has been wired to your account.

So if you went and surveyed everyone in the city and you said, how much do you keep in your checking accounts?

Loan to Entrepreneur D.

Accrued interest will be paid into your account.

Early on the first year premium using of that kind of just goes to the insurance company