Local finance are bankrolling the industrial promotion program.

Rnd, industry cofinancing, Prizes.

I guess you could say non cash assets, right?

So it just showed you, you could do something about it.

Two trillion a year.

The least important form of capital, in this project, is financial capital money.

And so that cash ended up here.

So once again, it's just a loan to someone else.

An average African country receives foreign aid to the tune of 13, 15 percent of its GDP, and that is an unprecedented transfer of financial resources from rich countries to poor countries.

So this is lending some cash.

Interest is nothing but rent.

At the time, there was a microlending group in the village that gave her a 65 dollar loan.

The money which people can take has lower interest rate, people can repay it without fear.

These are demand accounts.

And then if we go to, let's say, 2003.

Whether people will continue to loan them money.

So this is the treasury yield curve.

So for example, cash is an asset.

To get some future benefit.

The bank is going to be able to fulfill its promise.

But essentially what happened is the investors in the mortgage backed securities provided the money to the special purpose entity to essentially loan to the borrowers.

Notice, when I did this balance sheet

You might be curious about hey, what's all this current asset business?

Debt's a little different.

This is cash above and beyond what's needed in the cash register.

What are you carrying?

Mortgage backed security.

The firm went under due to lack of capital.

It's worth 1.5 trillion dollars every year, and that's a vast amount of money, right?

Let's stick with gold.

Costs of financial services are rising in every country.

The government coffers are replete with funds.

So its assets.

Well we learned what happens.

So I have 300, 400, 700, 1,000.

I'll do that in yellow.

I'm pulling out of his scheme.

And that was in place for a reason because you had to prove yourself worthy to get the financing.

I plan to pursue a career in international finance.

That assets, A for assets, is equal to

it's like 71 . Right. 7 times 7 is 49 71 .

It's not like no investment was going on for the last 20, 30 years. We had a lot of investment.

And the corollary of more people willing to lend, is you that the actual standards go down.

The kids make up the names of the countries some are rich some are poor.

Do Low Interest Rates Ensure High Asset Prices?