You are 100% correct, this is how it is explained in the spiritually enlightened community.
There are also other entities at play when it comes to memory, such as lower vibration alien consciousnesses attaching themselves to a person to control the ego and trick a person into remembering one thing over another.
There are also higher vibrational beings who would wipe your correct memory for your own protection or to not cause any distress, this is usually used during a visit on one of their galactic ships.
