diagnosis
Jiang says China now has the largest banks because bank liabilities also count as assets, making the system an illusion.
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Liabilities
Jiang says China now has the largest banks because bank liabilities also count as assets, making the system an illusion.
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"...Chinese. Why? Because in the in the bank system debts are liability sorry debt liabilities are also assets do you understand? All this money..."
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"...fundamentally a promise of a bank to you to honor your liabilities to them. That's the actual nature of it. So when Bitcoin was..."
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"...of factories and instruments of production owned by the state, equal liability of our work, combination of agriculture and manufacturing industries. All right, so..."
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"...problem with your pension plan. And you can see how these liabilities are going up over time. These are teachers, and as you can..."
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