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

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

The yield on the bond is 6 .

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

It was 1.6 million in bearer bonds.

Interesting.

And that makes sense, right?

liquidate it.

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?

Bonds, you become part lender to the company.

They said, wow, this is great.

So what happens when you go into bankruptcy?

Morningstar type.

They go to 0.

You could do it with corporate debt.

Oops.

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

This is better than buying treasuries.

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.

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 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.

You can kind of view this as the liabilities of which debt is one of them.

You ripped off his bearer bonds.

It is perfect and it's got a pool.

Maybe it was A.

I said, who gets the money?

Perhaps you will be so good as to do the same for his creditors in Meryton,

Pool boy, right?

Oh, and it's got a pool.

Remember, this is the annual interest rate but this is an overnight loan.

Most of it deposited over the last year.

That's better than putting it in the bank.

Maybe he buys his bonds back from us for 60 percent of their value.

What are they?

Swimming pool heated!

It's a swimming pool.

So she set to work, and very soon finished off the cake. gt

Aquaman.

So first, a little bit of definitions.

The bankers stayed with their loan recipients.

This is the debt, or the liabilities.