Look into the eurodollar system. Most "money" today is just swaps on bank ledger... | Hacker News

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		thehumanmeat on Dec 5, 2022 \| parent \| context \| favorite \| on: FX swap debt a $80T 'blind spot', global regulator... Look into the eurodollar system. Most "money" today is just swaps on bank ledger entries backed by counterparty trust and can-kicking. If you thought the dollar was a scam by not being backed by anything, wait till you check this out.

tru3_power on Dec 5, 2022 [–]

Are there any resources that can explain these systems clearly and with examples?

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