@Zeb @shortstories @Tfmonkey @VeganMGTOW @white_male Other way around. Large country starts hoarding their currency. Pick your reason. Imagine China starts hoarding gold-backed small nation notes. They can get them through a number of ways, legally. Because money is both a store of value and a convenience in a situation like this, they'll have the capacity to do this. It is an economic vulnerability at some point, is it not?

@BowsacNoodle @shortstories @Tfmonkey @VeganMGTOW @white_male
China is a government, so they can do whatever they want, legal or not.
Yes, holding foreign currency is always a geopolitical vulnerability because you don't control it, as sanctions prove. But the primary effects would be the new country currency would go up like crazy against the other fiat currencies, what would make their purchasing power skyrocket in comparison. For China, it would be a boom too:

@Zeb @shortstories @Tfmonkey @VeganMGTOW @white_male But why would it go up? Someone hoarding the currency doesn't change its intrinsic value. That doesn't follow logically with how intrinsic value should affect currency, does it?

@BowsacNoodle @shortstories @Tfmonkey @VeganMGTOW @white_male
You're right. It's not the gold currency that's going up, it's the fiat currency that's going down! It would be a race to the bottom among the fiat bullshit.

@Zeb @BowsacNoodle @Tfmonkey @VeganMGTOW @white_male

Because it is a race to the bottom

That is why getting lots of things like concrete, metals, food, water, chemicals, in exchange for high inflation is the way to win

For example

Selling your oil to foreigners in exchange for money is a way to lose

Buying oil from foreigners with useless hyper inflated money is a way to win

That is why not drilling for oil but purchasing oil is a good strategy

Hoard your oil underground until collapse