So what I do is, I take their 900 gold pieces, and I take it as a deposit.

And let's say that I can, in the bank,

And we went the fractional reserve route.

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

Checking,savings took out about 125,000 in cash.

And then instead of giving them actual gold,

So this is my equity.

Your account is empty.

And we'll do a little bit of math on that to figure out how far it can go.

I have a fairly wealthy village.

When you put money in the bank, you deposit it.

I have some things in the hotel safe.

This is liabilities.

We deposit money in a bank.

And then of course I have that 250,000.

I'll open a bank account.

But the gold is gone.

So how much could I expand my balance sheet?

Deposits on long term leases.

And I don't hand that person gold.

And he wants half of that in his checking account.

And then I have 200 gold pieces that I just put into my building just to start it off.

You know, about my money.

And I think something happened, right? He put aside a little cash for you.

He deposited the prize money in the bank.

Delivering.

I can assure you madam that our bank will provide your deposit with utter safety.

Then there was an innovation.

There is an extra charge for mailing packages by express.

I'm done.

And like all of the other examples,

So he doesn't quite have 100,000.

I want to deposit some money.

So what would be total demand liabilities?

Now, the first entrepreneur, he's very conservative and he's been saving all his whole life to do this.

I trusted him with the money.

I, heh, thought twice about it.

But I have other expenses.

So 10 of 110 is 11.

Welcome aboard, sir. May I take your coat?

But since Gabor Farkas is the beneficiary, we can't authorize the transfer.

I'm unplugging the website, so no more money laundering. How do you like that?

He sent his old clothes home for his brothers, and sent his family money, too.

The article will be sent cash on delivery.

That was the initial money.