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

I know I've overdrawn this picture a little bit too much.

The yield on the bond is 6 .

You're not a homeowner until you don't have debt.

liquidate it.

It was 1.6 million in bearer bonds.

Bonds together with some money was stolen.

The money was stolen along with the bonds.

There might be different debt holders who have different

I, uh, I was just going to say I've been cashing A lot of bonds lately, haven't I?

Do it anyway. Who's moving the bearer bonds?

Interesting.

And that makes sense, right?

They said, wow, this is great.

For liberals, the scores are very low.

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.

Bonds, you become part lender to the company.

I said, who gets the money?

So what happens when you go into bankruptcy?

You could do it with corporate debt.

Oops.

Nevertheless, we will be eventually heavily rewarded from doing this.

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.

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.

This is better than buying treasuries.

You can kind of view this as the liabilities of which debt is one of them.

Morningstar type.

They go to 0.

That's better than putting it in the bank.

You ripped off his bearer bonds.

Maybe he buys his bonds back from us for 60 percent of their value.

BENVOLlO An I were so apt to quarrel as thou art, any man should buy the fee simple of my life for an hour and a quarter.

The bankers stayed with their loan recipients.

Perhaps you will be so good as to do the same for his creditors in Meryton,

And they get paid first.

Remember, this is the annual interest rate but this is an overnight loan.

Maybe it was A.

Most of it deposited over the last year.

This is the debt, or the liabilities.

And I think you'll get a sense based on where I took the 5 million out of, who gets the money.

So first, a little bit of definitions.

So liabilities. Liabilities.

Let's say assets and I'll talk about margin requirements

We aren't functioning so easily anymore.

These are my assets, and these are my liabilities.