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The interesting part here is that bonds are issued electronically. The electronic part of the international banking system is really fascinating. I've been wond
by marvin 17y ago
The interesting part here is that bonds are issued electronically. The electronic part of the international banking system is really fascinating. I've been wondering how hard it would be to "create money out of thin air" by hacking this system. I'm certain that someone has already done this. The best part is that it could be unpunishable, if the money is "created" in a country you know that you will never visit again. Morally, it is equivalent to forging money..except perhaps with no damage to the third party that receives the fake money. Practically victimless if you do it on a small scale.
Does anyone know any good books or other source of information about international banking and money transfer?
I'm thinking that there is a lot of security by obscurity here.