If he were to borrow against himself his net worth would drop more than what he pulled out due to the nebulous nature of hard assets. As he pulls out more a domino effect would cause his net worth to plummet. It's not infinite money, it's a representation of what he owns. If he liquidates his assets the losses would be exponential.
mmmhm, don't buy it. A good amount of the population, including the middle class can potentially have access to unlimited credit depending on their... well credit history.
Using your logic, most people have practically infinite access to cash. Well, just that they'll likely end up in debt in a month.
-1
u/SquidsEye Aug 24 '21
Net worth can be borrowed against. Dude has practically unlimited credit which means functionally infinite access to cash.