No matter how bad it was economically, he always got himself paid.

Illiquidity is a different situation.

Yes, put that aside.

liabilities plus equity.

I'll do that in yellow.

I use 100 gold pieces.

So, jobs, basic services, finally, clean government.

And what is required is a combination of physical capital, institutional capital, human capital and security, of course, is critical, but so is information.

That assets, A for assets, is equal to

But we'll do a whole playlist on that.

That's 11,000.

Well, I have 250,000 left over.

Everything to prove what we spent, which is nowhere near what they said.

And then on the equity side, because we have no liability, so in this case assets will be equal to equity.

Let's figure it out. It's equity.

less capital intensive that there's less money that's required

That's its asset it has.

liabilities plus equity is equal to assets.

It's good for you.

Remember liabilities plus equities are equal to assets.

I'm going to talk a little bit about one kind of information flow, one kind of flow of people, one kind of flow of capital, and, of course, trade in products and services.

So my initial equity is 300 gold pieces.

because they're both on the right hand side.

These are their assets, just to get all the labelling right.

that assets are equal to liability plus equity.

And this is called the equity, or the owners' equity.

It should start to make a little bit of intuitive sense

You can pass it around.

If you take an MBA, they'll write it down, and it looks

One, what shares are share of

Know how much money the monsters have given to politicians of both parties? As well as corporate media? Nonsense.

So 26 billion of assets minus 23 billion of liabilities means that we have 3 billion of equity of shareholders' equity.

like an equation, but it's assets is equal to liabilities plus equity.

This is the building.

So let's look at what that means.

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

For example, government treasuries is a liquid security or a liquid asset,

The advantage the country had was human capital nothing else but human capital.

So she went out and looked at what data she could find.

I'm worth 11,000.

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

So this is just another visual representation that

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

Good health is his capital.

It is true what many of you have heard.