Just think of the benefits when it comes to jobs, productivity, employment, child nutrition, maternal mortality, literacy and much, much more.

But that's not how much income we made, because there was a

So when you use cash to buy an asset, and that asset has a useful life that's more than just that period, you're essentially capitalizing the expense or you're essentially creating that asset on the balance sheet.

Their focus is always about anticipated consequences.

An advance. Straight away. Or I stop.

I'll check with Beasley at War Assets and see if we can't find another plant.

Starting with newspapers, what we saw was high cost as an initial requirement for making information, knowledge and culture, which led to a stark bifurcation between producers who had to be able to raise financial capital, just like any other industrial organization and passive consumers that could choose from a certain set of things that this industrial model could produce.

Because remember, income statements are just telling you how do you get from one balance sheet to another.

Later in the year, Portland fifth graders get to visit Japan, and there's another trip abroad in the eighth grade.

listen, refine something and go back.

But when I talk about the asset, I'm talking about only the operating assets.

Usage would be proportional users number 7.

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

I don't want to draw this box.

It thinks in terms of how much bang do we get for our buck.

I've gone over all of it with your money managers.

So this is just another visual representation that

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

And then on top of that you have the fixed costs, or the relatively fixed costs, where just to have the factory open, it costs a certain amount of money every year, regardless of how many widgets you make.

And this is just an arguably long winded way of saying that the way you account for this is you spread out the cost over time, over its useful life, and this spreading out is called the depreciation of an asset.

And this was a home equity loan.

Malibu Equity and Investments. Roger Van Zant.

So its assets.

I'll do that in yellow.

Obviously , a machine you can't do all of those things to it, but you can at least touch it and possibly smell and taste it.

And then the very first definition I gave you was operating profit over assets.

That assets, A for assets, is equal to

Or across the street from each other.

This includes the production of electricity, the extraction of fossil fuels, and the manufacturing of all manner of goods, from microchips, to paper, to blimps.

And 50 percent of the EU budget is going to subsidize agriculture from mountains of stuff that people have overproduced.

You gave us half of your wealth to help build this army

So whenever they get this money into circulation they do go out there and they do buy assets usually treasury assets, and then they say even, Indeed, although the bank of Japan's policy, so he's comparing relative to what Japan did when they kind of faced deflationary crisis.

liabilities plus equity is equal to assets.

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

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

Each share in this case once again, if you believe that the assets are worth 1 million are going to be 1 million.

A global crisis in agriculture.

Malibu Equity and Investments.

And what I wrote here is, it has 4 billion of liabilities.

So we're thrilled.

like any corporation, and they have to, the liabilities, plus the equity has to match up to the assets.

All of the assets needed to start the firm, the pizzeria.

Remember, every time it'd issue a loan, like for right here, it issued a 100 gold piece equivalent loan to D and instead of giving D 100 gold pieces from, say, right here, it just created a checking account for D, which later D paid to A and that's why it's labeled A right here. Let me relabel another thing because the gold is a different color just so you see the gold.

But let's just kind of think about a generic balance sheet for a bank.

So 225,000