RE:TGOD got a line of credit with a credit unionanother exemple would be aphria
Aphria has a 1M line of credit, it is secured with first charge (I do not think first charge are a conventional financial institution or a credit union, I have no way of checking this before Tuesday after the holidays) It's a little like if I had a personal margin and used it for the corporation...not the same thing at all (this is only my opinion)
https://aphria.ca/wp-content/uploads/2017/07/Q3-2017-FS.pdf
p15#13
back to cronos:
when a cie like Romspen Investment Corporation makes an investment it must take the money from what they have accumulated from various investors (their return on investment is about 8-10% per year, so not bad if you are into that...they are pretty stable too)
https://www.romspen.com/about-romspen/investor-returns/default.aspx
on the other hand: TGOD
The major consideration is : money is simply not real
Banks and credit union is completely different: bank typically lend about 25-30 times what they have. it's about 8-10 times for credit unions (the old ratio does not apply anymore...but they still follow the rules)
so when TGOD 'borrows' for the purpose of lending it to TGOD: 5 millions is created out of thin air by the central bank and through clearing is past down until TGOD get her cash...when TGOD pays back the 'money' is then 'paid back' to the central bank and 'destroyed' (considering it never existed...you know what I mean) it's just a few computers talking to each other and doing some debit and credit and what's not
This is why it is such a big deal what happened today...TGOD is the first to accomplish this (to be honest, I was expecting Bruce to be the first...so I'm a little surprise really.