I can pay off my bank loan!

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The Civil War. Even more expensive.

And then maybe with any extra savings,

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Now we can do another notion, and that's return on equity.

That assets, A for assets, is equal to

But we'll do a whole playlist on that.

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2 pounds pays Tuco back.

We're gonna find a way to repay you.

It has been reported that 32 trillion of paper assets were printed by one government alone.

Well, stall them. I did.

I already took care of that, thank you.

These people are so grateful to have their needs met more than 98 percent of them are following through with payments.

And a good way to think about that is, what would happen if this company were sold and the debt paid off?

It has 4 billion of cash, 4 billion of liability, it could pay off its liability with that equity infusion.

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

And so we took this number as the numerator and we divided by the number of assets.

It should start to make a little bit of intuitive sense

Hopefully they add some value to our economy, and this diagram essentially explains what the financial system does, so in a capitalist economy, you have a lot of people with capital.

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

liabilities plus equity.

Love your enemies, and do good to them.

(Laughter)

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

So this is just another visual representation that

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

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

Simple economics.

That's... 65,625 with interest.

Help me, and I'll clear you.

It's a really complex payment schedule... How much?

We leave our money for 10 to 15 years, and when we get it back, we invest in other innovations that focus on change.

But let's say its assets are worth 1 million.

Capitalist country.

I'm sorry.

I'm really sorry.

I'll pay ya back, plus a little extra.

The economy grows, government accumulates more resources, and the government can invest in infrastructure rather than infrastructure being a cause for economic growth.

That could be, I don't know, animals. that could be cash, and what you need to do in order to make the economy grow is invest that capital into projects.

I'll do that in yellow.

This line would have disappeared.

TEDx is different to other conferences.

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