The bank alarm's gone off. A holdup.

So, for example, for each one gold piece

Then we saw that could create a whole chain of events.

The two banks consolidated and formed a single large bank.

Right now I only have 100 gold pieces of on demand checking accounts.

Don't be silly!

Bellwether signs again.

over the total amount of

I worked after for an investment bank.

In the U.S. right now, it's 10 , although the reserve commodity isn't gold anymore.

Loan B and I can give that.

I'm in banking. In banking? How'd you get into that?

I'd like to open a bank account.

which requires an increasing supply of energy to support it.

Sarah Connor survived the explosion in the bank vault.

And so now, you have this chain reaction occurring, this cascade of negative events.

I'm not halfway there when it hits.

So this liability would be bank notes outstanding, for 100 gold pieces.

I will issue a bank note

What bank?

Bank?

OK, so now we're in an interesting situation.

I'll just create a checking account for them.

What about the platinum thing?

His own bank?

From a bank in Burundi.

So at some point, they give up.

So in part of this negotiation process

Let's call this Bank A.

And let's say that Bank A

BANK OF VENICE...

Yes. Banking section.

Which bank?

It's a bank.

B...

Banker?

A banker?

They borrowed it from their local mortgage broker, who then sold it to a bank, or to an investment bank, who created the special purpose entity, and then they IPO the special purpose entity and raise the money from people who bought the mortgage backed securities.

And if this is a loan from Bank B, Bank B would have an asset called loan to Bank A.

Like a bank, you know, except better than a bank, cos, you know, banks always get knocked off.

Well, the reserve ratio requirement says that my reserves over my total checking accounts that I have on my liabilities and the notes that I issue, that my reserves can be no more

Now we're not as familiar with the term bank note because we only see one type, or at least one type per country.

It is a bank notes from the U.S. that there was a time, and this was a time before central banks and especially if you think about colonial times, you had banks all over the colonies, and they would actually issue their own bank note, so you didn't have one uniform currency.

It's not safe inside my house.

If people can find that that sub prime product has been transferred across nations many, many times until it ends up in banks in Iceland or the rest in Britain, and people's ordinary savings are affected by it, then you cannot rely on a system of national supervision.