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.

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

So its assets.

That assets, A for assets, is equal to

liabilities plus equity is equal to assets.

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.

Malibu Equity and Investments.

Are you a man of means?

He is a man of considerable means.

So this is just another visual representation that

Remember liabilities plus equities are equal to assets.

I don't want to draw this box.

And rich, eh?

I'll do that in yellow.

liabilities plus equity.

So for example, cash is an asset.

That might be true to some degree.

And we have 23 billion in liabilities.

It should start to make a little bit of intuitive sense

Malibu Equity and Investments. Roger Van Zant.

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

We had a 10 return on assets.

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

now 100 million sounds like a lot of money, and it is, but it's less than five percent of what this man is worth.

It's an asset that says, someone owes me that money.

liabilities plus equity.

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

So I'm going to give you a little equation, actually, just to take a little bit of a tangent.

Notice, when I did this balance sheet

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

He is a man of wealth.

He's a wealthy man.

Or across the street from each other.

So the total assets were 5 billion in assets.

You'd have to give up 93 of your net worth.

liabilities.

In a world without leverage so if I didn't have all this

So let me draw that out.

And equity is what you have leftover.

But when I talk about the asset, I'm talking about only the operating assets.

That just comes out of the definition of what equity is.

And so liabilities plus equity is equal to assets.

I'll draw it a little bit bigger.

Because they're like, I don't know what my assets are worth.

That would certainly raise some cash in a hurry.