So 810 plus 90 plus 100 is equal to 1,000 gold.

So when we did that calculation. there was this gold pieces of reserve that we had set aside at first.

I mean, I could even have a denomination that's it could be a 500 gold piece.

He comes and gives me his 100 gold pieces.

There is a gold coin.

So this is real estate, or building.

So I'll once again have 10 reserves.

I just give them a checking account.

or have to be at least 10 of that.

Inside be the gold.

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Just Like a penny, doesn't it?

I have the Bank of Sal.

Let's say I make out some loans for different projects.

And then half of it, he wants in terms of bank notes.

But the gold is gone.

So how much could I expand my balance sheet?

Or at least this year, I'll call it 1,000 gold.

So now I have this liability.

Build factory

And then 810 here.

Let me draw that. My equity... I have 100 gold pieces.

But it's the same idea.

I could've actually issued bank notes, same idea.

They exchanged Japanese money for American.

Chris gets 7 gold coins!

The actual physical structure that took 100 gold pieces.

And there's no way to create more.

So I have my bank like I always did.

And so we had 810 gold pieces from the contractors, 900 gold pieces from the ditch diggers, and then 1,000 gold pieces from the farmers.

We opened today.

That was 100 gold pieces.

So the old example if someone had a project that required,

The reserve store value is gold.

So those farmers say, great idea.

And they should be able to pay some interest to me.

So I don't lend that out, although I could.

There's only one marketplace, and I call them self loading carbon payloads.

It has a nice picture of Sal in the middle, because it's the Bank of Sal, and it is denominated as one gold piece.

It'll probably make you live happier if you realize this difference.

And I'm actually going to initially capitalize this bank with 200 gold pieces.

But if all of these people, all of a sudden, come in and want not just 500 gold pieces, if they want 600 gold pieces, right, they're owed actually 700 so if they want 600 gold pieces all of a sudden everyone's going to lose confidence in the system

He's a little bit richer, gives 200 gold pieces.

Let's just go through the whole example.

I say, great.