When they say they have a loss its simply because they make a loan create money lets say 10,000 now they can state that their networth is 10,000 but if the loan is not paid back then they have apparently made a loss but the 10,000 was made from nothing so the loss is illusionary also.
That speech was given with great enthusiasm. I laughed a few times as well. The bank statement part was very pertinent and caught me off guard. Thanks for sharing this with me TBDC. I enjoyed it on many levels. Byron speaks the plain truth.
When they say they have a loss its simply because they make a loan create money lets say 10,000 now they can state that their networth is 10,000 but if the loan is not paid back then they have apparently made a loss but the 10,000 was made from nothing so the loss is illusionary also.
Just a loss on paper but not a loss in reality.
Danster82 2 years ago
Hi TBDC,
That speech was given with great enthusiasm. I laughed a few times as well. The bank statement part was very pertinent and caught me off guard. Thanks for sharing this with me TBDC. I enjoyed it on many levels. Byron speaks the plain truth.
Keep It Uploading! - PeopleDigitaL
PeopleDigitaL 2 years ago
Byron, you are awesome!!
DarthKazi 2 years ago