Over the course of the year, we earned some money.

Period Definition

And so your profit is 100.

So they can see where the buisness is doing well, where it's not doing well, or maybe how rescorces should be allocated

So this right here you could view as our income statement.

The customer pays you 200 for your services

On the cash basis it looks like you lost money again.

Huh? Democracy time, y'all.

So both cash and Accounts Receivables are assets.

Give a better indication of what's actually going on in the buisness, and the way I did it in the first two videos, the first column over here

So this kind of the cash income statement,

Let's now account for the same series of events but instead of doing it on a cash basis

Oceans come and go. Mountains come and go. Glaciers come and go.

Now think about that.

let's do it on an accrual basis.

So basically I want to ask

Now there's one thing that you're probably confused by right now well you know, how do we reconcile everything with the cash we know that over this period we got 200 in income on an accrual basis.

And in the end, there's better bargaining between the authorities and citizens, and democracies, capitalism everything else flourished.

Individual freedom is the soul of democracy.

And you didn't have to spend any expenses because you didn't do any accounting.

Maybe as people, because especially in Israel, we're in a democracy.

Capitalism is the exploitation of man by man. Communism is the exact opposite.

And that's the main theme of what I want to say to you this morning.

And the interphase, literally it's not a phase of mitosis.

When did Democracy come into existence?

An unexpected error has occurred.

Do not forget that fascism, communism, capitalism or other isms are all monetary systems.

And so in month 4 we earned 100, and once again, 100 went away from our cash balance, so we still have 400.

In fact, Country A is democratic India, and Country B is Pakistan the country that has a long period of military rule.

Nice college kid. Socialist.

Since he's been living underground for so long,

An error occurred, synchronization aborted.

The Limits of Democracy

So what does this tell us?

Please listen. The Separatists will be here in moments.

It happened in my office two hours ago.

Before, revolutions used to have ideological names.

So all cells spend most of their time in interphase.

During the time when you say you had this idea, did you know Tyler and Cameron came from a family of means?

Can you say that?

So it angered the Chinese Netizens.

Why would I want to invest in this buisness that's losing 200 a month?

An error occurred during the connection initialization phase.

Kuwaiti Democracy in Action

But, we can escape from this trap, these pincers, I think.