Maybe debt that you have to pay in the next year.

But this I just want to show you some data here.

It can do it through debt or equity.

Our economy grew from 2000 to 2007 on the back of consumers massively overborrowing.

External debt something that I can tell you a long story about because I personally worked on one of the biggest debts on the continent has come down dramatically.

You're still solvent.

They serviced the loans.

If it's stable, you're making the equity will grow in this coming year by 10 .

Only that they're the fastestgrowing...

So we still have the same amount of debt.

Helps bring it down.

And so when the Federal Reserve or any Central Bank prints money, and it buys debt, it goes out into debt markets and it buys it, it usually buys the safest kind of debt, but that affects all of the debt markets, it goes out and buys in the debt market, they're essentially shifting the supply curve of money to the right, they shift the supply curve to the right.

Have a surplus? Take two tax cuts, roll back some regulations and call us in the morning.

I'm growing!

So first, a little bit of definitions.

They got to grow up...

You can sell shares.

So that's bankruptcy.

You go get bankruptcy protection.

And this is an important thing to realize.

They grow up so fast.

I'll talk to the warden.

It allows let's say this group of borrowers let's say this pool of borrowers right here actually didn't

Growth is the proof of life.

Grow up!

We would create incentives for securitization.

I have 4 billion in residential CDOs, collateralized debt obligations.

Over the next few years big decisions will be made in Washington on jobs, the economy, taxes and deficits, energy, education, war and peace.

Payable to the City of San Francisco.

And to stop it crashing over the last two to three decades, we've expanded the money supply, expanded credit and debt, so that people can keep buying stuff.

We really do have it going right that the continent is growing at rates that people had thought would not happen.

We would just know that there is a 20 chance.

It's doing the same thing every year.

Because the government now owns 90 something percent of the company.

Attorney general's waiting.

But I don't believe that another round of tax breaks for millionaires will bring good jobs to our shores or pay down our deficit.

These are the people who first lose money.

That man borrows money from many lenders.

That man is a heavy debtor.

That man has many debts.

My next presentation, I'm going to take it to a further

So these treasury securities, whether they're T Bills, treasury bills, treasury notes, or treasury bonds.

They would actually owe this extra 1 million.

What is your strategy in your household?

You have 189,000 as the value of this equity.