Rnd, industry cofinancing, Prizes.

I guess you could say non cash assets, right?

Local finance are bankrolling the industrial promotion program.

And so that cash ended up here.

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

And then if we go to, let's say, 2003.

So this is lending some cash.

Interest is nothing but rent.

The money which people can take has lower interest rate, people can repay it without fear.

To get some future benefit.

At the time, there was a microlending group in the village that gave her a 65 dollar loan.

These are demand accounts.

So for example, cash is an asset.

Whether people will continue to loan them money.

So this is the treasury yield curve.

But essentially what happened is the investors in the mortgage backed securities provided the money to the special purpose entity to essentially loan to the borrowers.

The bank is going to be able to fulfill its promise.

Notice, when I did this balance sheet

The least important form of capital, in this project, is financial capital money.

Debt's a little different.

So its assets.

Well we learned what happens.

The firm went under due to lack of capital.

What are you carrying?

I'm pulling out of his scheme.

This is cash above and beyond what's needed in the cash register.

That assets, A for assets, is equal to

Mortgage backed security.

Do Low Interest Rates Ensure High Asset Prices?

And so with patient capital from Acumen and other organizations,

Malibu Equity and Investments.

And that was in place for a reason because you had to prove yourself worthy to get the financing.

So I have 300, 400, 700, 1,000.

Let's stick with gold.

Deposits equal liabilities from a bank's point of view.

So you can say assets of the firm.

nothing but a communist cell.

I don't want to draw this box.

And rich, eh?

I'll do that in yellow.

And the corollary of more people willing to lend, is you that the actual standards go down.

Chances.Look, just think of this as a small deductible on a 2 billion insurance policy.

They make you pay more in withholding just to help their cash flow out.

Because investors saw the potential for return at a time of slowing economic growth, and so they created financial products and financial innovation tailored to the emerging markets.

It should start to make a little bit of intuitive sense