And then instead of giving them actual gold,

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

At the beginning of the week,

I'll open a bank account.

I only have 1,000 of cash.

I just give them a checking account.

And I don't hand that person gold.

I have a lot of money in my savings account.

He opened a checking account with the bank.

So?

Take up my seat in the Golden Hall.

Accrued interest will be paid into your account.

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

And what do they do when they're there?

So how can we do that?

You're sitting on a gold mine.

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

And then I can create a checking account for him.

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

Everything's plain... taxes, bank accounts.

Which is his right.

I can make a checking account, 100.

The money has been wired to your account.

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

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

I'd like to open a savings account.

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

He paid the money into his account.

I opened an account in my daughter's name.

You know, you really didn't have to come with me. It's cool. I like running errands.

Now, this offer it might pay for today's bills, but you've got to remember there are 5,000 of you.

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

Teach them how to do that kind of stuff and make money.

A 5year old bank account opened with cash.

Khalid is accepting cash paid through an offshore account.

Once I verify the validity of the item, the funds will be wired to an account number you provide.

There's too much money in these accounts.

He actually owes the bank money now.

If you ask me how much money I had,

Then he'd have access to those accounts from anywhere.

Just transfer the money and everyone's happy.

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.

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.

That would be total bank notes in this case and bank notes are also something we'll later leave a world where every bank is issuing bank notes, but I just wanted to give you that kind of historical context, how bank notes even started off.

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