Now let's say that Company x has also borrowed some money.

Bellwether signs again.

So in the example, we used to have 500 million shares.

You can sell shares.

Boeing developed a flying boat for the Maritime Self Defense Force.

Bonds were issued to finance a war.

They might have issued maybe they issued a million bonds where each of those essentially represent a debt of 80.

Did I do good? Shellcore has issued a full product recall and full refund. please call....

Junk bond dealers left the market riding on a pillow of air.

So they all deposit their 1,000 gold pieces into my bank.

The government announced that they would pay their debts.

This could have been a straight debt from a bank, or this could have been via a bond issue.

Wikipedia basically eliminated the traditional encyclopedia, the encyclopedia that different companies published,

that rectangle is much larger than it should be relative to 1,000, but I think you get the point then I'll do I'll have a liability here that says five gold pieces bank note outstanding.

Bonds were issued to finance a war.

So for example, if you by a well I'll just say a face value bond of, let's say it's a thousand dollars, and there's a thousand people who do that.

Bonds, you become part lender to the company.

Instead of all of that we thought there is something new needs to be invented.

This company now is completely delevered.

So let's say we're looking at this on January 1, 2009.

So you know these these are loans to really solvent or very creditworthy companies.

And then the other 200

The company president was indicted for paying kickbacks.

And we talked about that if the Fed or the reserve bank wanted to increase the money supply, it could essentially just print new notes and it would have offsetting notes, outstanding liabilities, and then it could use those to perform open market transactions and it essentially allows it to grow the monetary base with the economy or with the needs of different projects out there so that those projects happen.

My uncle's company launched a new product last month.

And that IOU, you could call that a Sal bond.

So this is essentially you have the government, you have the government, it has two sources of revenue that it can spend it has money from taxes, it has tax revenue, and then it can go out and borrow money, and so it also has access to debt markets.

Issue a security alert!

So this is what he built.

Let's say these cost 1000.

Multi Appendage Robotic System. So, it's a hexapod robot.

So, for example, for each one gold piece

This is the equity...

And just for the sake of it,

But hopefully at this point you have a sense of what the yield curve is.

You could do it with corporate debt.

Ernest G. Alpers and Otto Lindberg, and they released this map in 1937.

Let's start with the story of a game that no one ever got to play

The company will hold a presentation of the new model tomorrow.

So just to understand what he's talking about, the central bank, it has liabilities and assets,

Issued by whom?

And just to contrast this with bonds, because they are often used in the same phrasing, oh I'm going to go buy some stocks or bonds, or I deal with stocks and bonds.

AA When they got bored with their father's project, they invented an extraordinary little plane of their own.

So this liability would be bank notes outstanding, for 100 gold pieces.

For a total of 5 billion.