I guess you could say non cash assets, right?

No matter how bad it was economically, he always got himself paid.

Perhaps you have met him?

less capital intensive that there's less money that's required

This is cash above and beyond what's needed in the cash register.

Interest on loans is high at present.

Or I could buy this house for 1 million.

or have to be at least 10 of that.

Now, you might remember from previous videos that the book value of the assets in Ben's company are only 140,000! 20,000 of cash, 100,000 of inventory, 20,000 of... this is not equity, this is equipment I should call it.

So for example, cash is an asset.

To get some future benefit.

Edit current lecture

So this is lending some cash.

I have factory tools worth 500,000, and then that cash will go away.

Yes, it's an enterprise.

So my initial equity is 300 gold pieces.

An ongoing free press investigation turned the attention to who owns the voting machine companies.

To make money it is necessary to have money, capital.

I guess I could, too.

Interest is nothing but rent.

Total strangers gave us 490.

This is actually not a bad situation for me.

The least important form of capital, in this project, is financial capital money.

Now, now.

I just wanted to touch on that point that we are now off the gold standard.

Books are now within the reach of everybody.

To compound the amount of money we invest we multiply the amount we invest times 1 plus the yield.

This is day 10 in this alternate universe.

The capital for this plan was prepared.

And this is Codex C here.

I met him on the train.

Where am I taking this money out of?

We thought of people as a liability.

No industry. No capital. Money is worthless.

The company has a capital of 500,000 pounds.

You can get someone to invest in the firm.

The former hedge fund analyst had recently quit his job to do something that at the time, sounded a bit strange.

I have 300 gold pieces of reserves

Now, who are they accountable to?

How much product do you have on hand?

Now if you take this part over here all of the assets are 400, 400 100 in Liabilities still gets you to 300 in Equity.

(Laughter)

This is the angel investor, and this is all of us down here, and all of this is equity.

An asset is something that's going to give you some future economic benefit.

And it would be easy to implement and inexpensive.