So now I have this liability.

So liabilities. Liabilities.

Let's say assets and I'll talk about margin requirements

For the liability side of my balance sheet

And then we have the debt, the debt of the company, or the

Let's think about its liabilities.

I owe the bank 750,000.

Currency and bond markets are relatively calm.

And to stop it crashing over the last two to three decades, we've expanded the money supply, expanded credit and debt, so that people can keep buying stuff.

This is 120,000 in equity, market value of equity, he has another 105,000 in liabilites.

This was equity.

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liabilities as well.

It had 5 million of debt.

What are my liabilities?

That assets, A for assets, is equal to

Most times the liabilities are pretty easy to get a handle on.

Now, for those of you who may not be familiar,

Or the other way to view it is, assets minus liabilities is equal to equity, right?

Minus 1.075 that was the max that I could borrow

Everything on the right hand side is equity, so this is all equity.

I still owe 750,000 to bank.

So my liabilities I owe the bank 750,000.

An even bigger picture, if I now look at my balance sheet, what are my liabilities now?

This is the equity...

So we could say, well, a new figure comes out ... let's see African debt.

Well, its assets are let's see one plus 21, 25, 26 billion in assets and its liabilities are 23 billion.

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I think I had called it Loan C.

And this is an annual income statement.

What I'm squaring off in blue, that's the