Originally Posted by smurgerburger View Post
You would just buy the dollars and hoard them if you wanted to weaken your currency, as far as I know. (Or maybe T-bills or something like that, I don't know.)

Your transaction costs would be much lower and dollars will always be more liquid with respect to a given currency (for when you want your money back) than assets that have to be converted to dollars.
But if your goal was to buy up a nation's physical assets so that you own that country (the original premise - not the currency manipulation strawman you inserted into the conversation), then you could give your citizenry fiat (paper with ink on it) and then have them purchase the physical assets (like real estate) of that country. On the other topic (the strawman), if you back a currency up with a physical asset, whether it's gold,silver.real estate, oil etc. you strengthen the currency.