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A comment on A quick breakdown of what SWIFT is and why it matters. Parent comment

Re:A quick breakdown of what SWIFT is and why it matters by baby on Saturday February 26, 2022 @01:11AM (#30475542)
I think what he means is that they can literally credit an account with new money in their database and it would work.
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Re:A quick breakdown of what SWIFT is and why it matters by endisneigh on Saturday February 26, 2022 @01:12AM (#30475548)
Yes but my point is that the liability and asset paradigm described still will hold.

It’s simply that the liabilities are held by people who aren’t born or are obsfucated to the point that people don’t realize they are holding them. Inflation is one example

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