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"I don't have more than a couple of hundred dollars balance this month, and I won't be using the card for more than incidentals after this".
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But they also have a trillion-dollar balance sheet.
"We have a trillion-dollar balance sheet," he said.
That will turn deflation to inflation, strengthen the dollar, balance budgets and cause interest rates to rise again.
As the former senior manager explained, "It sounds strange now, but on a trillion-dollar balance sheet thirty billion dollars is not very much.
Both are assets — Mr. Smith can point to his million-dollar balance on his statement, and Mrs. Jones has a briefcase full of cash — so both are real.
Ai claims the charges were fabricated and will not pay the 1.1 million US dollar balance on the fine, although authorities have confiscated the company's legal documents.
When many agencies realize that they have made major accounting errors they simply enter multibillion-dollar balance adjustments, writing off the money.
IT looks as if we may get through this weekend without another scramble to save a troubled financial firm with a trillion-dollar balance sheet.
While larger firms, like UBS, can rely on their multibillion-dollar balance sheets to pay for upgrading their risk operations, smaller banks with a limited number of wealthy clients may feel the pinch.
Mr. Browder's doomsday scene was averted in 2009 when the International Monetary Fund announced a trillion-dollar balance sheet intended to avoid the kind of crisis he laid out.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com