The desert was advancing by a mile or two a year.

There are already 5.5 billion mobiles in the world.

The issues of energy shortages, resource depletion, topsoil loss, and pollution are all symptoms of a single, larger problem

And so that is my story.

So let's project this analogy going forward.

leaving lower quality coal that is less energy dense.

He used the example of a common grazing area in which each person by simply maximizing their own flock

They are the backbone of our life.

I don't want to draw this box.

America's massive Ogallala aquifer has fallen so low that many farmers have had to return to less productive dry land farming.

Now I'm not saying we don't have our set of problems climate crisis, species extinction, water and energy shortage we surely do.

Malibu Equity and Investments. Roger Van Zant.

So its assets.

I'll do that in yellow.

Obviously , a machine you can't do all of those things to it, but you can at least touch it and possibly smell and taste it.

That assets, A for assets, is equal to

Or across the street from each other.

And it's destined to collapse for many reasons kind of Malthusian reasons that you run out of resources.

But let's say its assets are worth 1 million.

So this is just another visual representation that

Malibu Equity and Investments.

It doesn't sound like we borrowed money or anything.

And what I wrote here is, it has 4 billion of liabilities.

All of the assets needed to start the firm, the pizzeria.

Remember, every time it'd issue a loan, like for right here, it issued a 100 gold piece equivalent loan to D and instead of giving D 100 gold pieces from, say, right here, it just created a checking account for D, which later D paid to A and that's why it's labeled A right here. Let me relabel another thing because the gold is a different color just so you see the gold.

But let's just kind of think about a generic balance sheet for a bank.

So 225,000

Sometimes it can even completely obstruct the blood vessel.

And rich, eh?

Over in California at the Post Carbon Institute, there is a man who has advised business, industry and governments on how to cope with oil depletion.

Each share in this case once again, if you believe that the assets are worth 1 million are going to be 1 million.

These are liabilities.

The Raider's a military asset.

It should start to make a little bit of intuitive sense

Phuong, I'm not a rich man but I do have assets.

And what happens in bankruptcy?

GLOBAL MlLITARY EXPENDlTURE RlSES EVERY YEAR, NOW OVER 2 TRlLLlON

So 16 years later, not only have we run out of IPv4 address space but we're also now absolutely compelled to implement the new one so we can continue to grow the network.

If we, in the United States, controlled most of the Earth's resources we would produce anxiety in other countries for fear of running out of resources. arable land, water, etc.

liabilities plus equity is equal to assets.

I use 100 gold pieces.

And then the equity is, essentially we would look at this formula.

liabilities plus equity.

So whenever they get this money into circulation they do go out there and they do buy assets usually treasury assets, and then they say even, Indeed, although the bank of Japan's policy, so he's comparing relative to what Japan did when they kind of faced deflationary crisis.

let me give you that piece of terminology, it just means net asset value.