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

Media business, or any other business, it needs to be capitalized.

And on the cash flow statement you express that saying

And so liabilities plus equity is equal to assets.

I have no data yet.

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

Based in Chelsea.

But we'll do a whole playlist on that.

And it's legitimate monopoly of means of violence, administrative control, management of public finances, investment in human capital, provision of citizenship rights, provision of infrastructure, management of the tangible and intangible assets of the state through regulation, creation of the market, international agreements, including public borrowing, and then, most importantly, rule of law.

So there's no net investment.

We have a very, very steady business.

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

And here is the best example, the Contras in Nicaragua, created by the ClA,

One exception is in Massachusetts.

The company was started with 100,000 in capital.

Yes, put that aside.

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

It should start to make a little bit of intuitive sense

When do you plan to leave for Japan?

We also see there, of course, terrorism.

Whether people will continue to loan them money.

Good. Let's go over all that evidence you have.

I'll do that in yellow.

One, what shares are share of

But I just wanted to make it clear that that's obviously the best way to generate capital for your business is when the business itself generates capital.

(Laughter)

liabilities plus equity.

If you have info about a sleeper cell, you call the cops.

I still owe the almost 1.075 million.

The boat for the mainland will be leaving at 1900.

I use 100 gold pieces.

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

When did frobisher's people approach you?

No big surprise, Obama couldn't do better than Kerry there.

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.

So once again, it's just a loan to someone else.

Good health is his capital.

Assets are always equal to liabilities plus equity.

liabilities.

And, afterwards, you approached her about financing a restaurant?

So now it's getting interesting.

Now we're on the upswing.