@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:
@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
@BowsacNoodle @shortstories @Tfmonkey @VeganMGTOW @white_male
Nowadays we have electronic payment systems so velocity of money is not really an issue. The only thing constraining velocity is the government regulation really.
