Internally, it will most likely encounter no resistance whatsoever. The government itself will be satisfied with this solution. For once its own currency is employed as a reserve currency by foreign banks on which they then pyramid their various national paper monies, then it becomes possible for it to engage in an almost costless expropriation of foreign property owners and income producers without having to fear contractive consequences. Similarly, its own banking and business elite is ready to accept such an arrangement, because they, too, can thereby safely participate in foreign exploitation. Banks in particular are enthusiastic. And the public is largely ignorant of what is happening, or considers the exploitation of foreigners minor as compared to internal problems. https://mises.org/books/economicsethics.pdf page 108
Read until you have something to write...Write until you have nothing to write...when you have nothing to write, read...read until you have something to write...Jeremiah
Here's what I think he's saying: When governments artificially manipulate currency (inflate), they cause a transfer of wealth (for example, from creditors to debtors, and from producers to the government [assuming that the new money is spent by the government first]). If other countries use this currency as a reserve, then they are subject to this as well.