I did not say you would need credit. I am talking about creating credit, based on your collateral, meaning the issuance of letters of credit. That is when you become your own bank, then you start to make money with the credit you create. Otherwise it is just as illiquide as your house or a parcel of land that yields nothing.
Commendable!
I did not say you would need credit. I am talking about creating credit, based on your collateral, meaning the issuance of letters of credit. That is when you become your own bank, then you start to make money with the credit you create. Otherwise it is just as illiquide as your house or a parcel of land that yields nothing.