In the previous example, I had Pension Fund 1, that was my pension fund.

So let's say this is my original deposit, or my principal.

So that's me, pension fund.

That guy is always asking his parents for money.

And this is Pension Fund B.

Excuse me?

It was his pension fund, our savings, basically every last dime we had to our name, gone.

In terms of money, we have no money.

Those are accounts receivables.

I could've retired on half pay after 20 years.

A lot of my friends were still in it.

It's hard for him to live on his small pension.

I'm sorry about the money.

Let's say Pension Fund 1 were to lend 1 billion to A.

So let's say that this is a 10 year loan.

Well, no. Because then a bank take on arbitrary amounts of risk and there are regulations, although I think a bank would do it on their own to some degree, but there're regulations called reserve requirements that tell us how much lending can a bank do relative to its actual reserves. In this case, it's reserves of gold.

Yeah, till next month when the town council meets. Marshal's pension fund.

But there's an issue here.

And in return, they give 11 .

You mean that, Jane? There'll be no more talk about it? No bitterness?

Well, we know the answer because

And I think this is not fun, because we losing a lot of money put them into this kind of production.

100 interest.

And in fact, in 2000, I was ready to talk about eBay, but no call.

Been on my hip right next to my whip for 15 years.

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

There's a chance that they can go under, for whatever reasons, or they're sensitive to the economy as a whole.

So that 6 , no matter what duration we talk about, whether one month, one year, five years, 15 years, when we talk about the interest rate, that's the rate that on average we would get for a year.

Interest accrued from the money left in my savings account.

Which is essentially you take the original amount you borrowed, the interest rate, the amount, the fee that you pay every year is the interest rate times that original amount, and you just incrementally pay that every year.

He is always pressed for money.

Absolutely spectacular designs. Spared no expense.

That's all very well, said Bicky, wonderfully braced, but if I can't get the money any other way

And no one wanted to say anything on the phone.

Maybe I'll drawn me in magenta.

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That guy is always asking his parents for money.

Yes, Master Kincho.

I put the money in a three year time deposit at the bank.

He has a pension to live on.

Well, maybe he thinks he's entitled. It's like you and your pension fund.

He's always short of money.

Tom is always short of money.

So this guy... comes in Friday night.

Tell him to have the money