Liquid means it's very easy to buy and sell those securities in large quantities.

But this I just want to show you some data here.

I know I've overdrawn this picture a little bit too much.

Now let's go to the liabilities.

That's insolvency.

And that is opposed illiquidity.

Illiquidity is a different situation.

So they have some current liabilities, 16 million.

The yield on the bond is 6 .

You're not a homeowner until you don't have debt.

So this is a situation where you are having a liquidity crisis.

liquidate it.

It was 1.6 million in bearer bonds.

Bonds together with some money was stolen.

The money was stolen along with the bonds.

There might be different debt holders who have different

I, uh, I was just going to say I've been cashing A lot of bonds lately, haven't I?

Do it anyway. Who's moving the bearer bonds?

So there's a couple of issues here.

Is floating

Interesting.

And that makes sense, right?

They said, wow, this is great.

In the last video I just discussed a personal balance sheet and what illiquidity or what insolvency means.

And you might not even be able to find anyone to buy it a year later.

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.

liabilities are overstated.

What is your strategy in your household?

And liquidity.

He was an animal rights activist?

Bonds, you become part lender to the company.

I said, who gets the money?

So what happens when you go into bankruptcy?

Monkeys especially.

Consider this.

Or some kind of fluid shift.

You could do it with corporate debt.

Oops.

Nevertheless, we will be eventually heavily rewarded from doing this.

And the environment might be things like the stock market or the bond market or the commodities market.

Maybe it's the porn tape. He doesn't have a porn tape.

And just to contrast this with bonds, because they are often used in the same phrasing, oh I'm going to go buy some stocks or bonds, or I deal with stocks and bonds.

And then you can imagine now Bank C is worried because now

This is from Spirit and Opportunity.

So for example, if you by a well I'll just say a face value bond of, let's say it's a thousand dollars, and there's a thousand people who do that.