Redemption

Now, all of a sudden, all of these people, probably all of whom who took these home equity loans, let's say all of them did it.

What will it cost to post bond?

So their liabilities increase accordingly.

So they say, that's a good idea.

The loan bears an 8 interest.

They pay 100,000 each, for the houses.

Very few have ever been redeemed.

They all say, gee, I'm paying a 500,000 loan.

The price of the operation is the safe return of Scylla.

It thinks that, you know what, if we just somehow buy this

And so it would essentially be I gave them 100 thousand maybe to do some work for me it would be a transfer of money by giving a loan and then keep forgiving over and over it would be completely identical to giving someone a gift, which is taxed, or giving someone some type of income

This home equity loan is secured by the house.

And the bank thinks it got a great deal.

You know, we take out these loans to buy houses.

It's a key to a safety deposit box.

I can tell if you pay your bills on time.

And then they have an offsetting liability which is just notes outstanding, which is literally saying that hey, these are notes that we've created.

I lend money.

Safety deposit box.

Well the first thing that you would do is that you would lower the

This is the interest rate you assume.

Money cannot compensate for life.

He did. He served out his sentence.

I want to pay compensation for her sons.

And the whole time, it's been doing that by printing money and buying short term US securities.

This debt was not paid off with the interest until 1947.

And in the meantime, what did all of these people do with the 500,000 that they had?

Greece can no longer pay off its debts.

She deserves compensation!

Yeah, we got you covered, man, sure.

This loan will carry very heavy interest.

A bank says, OK, sure, I'll give you a 500,000 home equity loan, and in exchange, get 8 interest on that loan.

After going through the safety deposit box...

We mean to treat you, but you must lend us money, we spent ours. Look!

Lend your money and lose your friend.

The money rests in a safe at the bank.

The damage was covered by insurance.

Taxes are the price we pay for a civilized society.

I loan it out to people who have really good projects or investments.

We kept surveillance on the Little lady but nothing.

It's a photo static copy.

It's in a safety deposit box.

No. No, then I'd have to give out refunds.

What's this building?