Are the .1% are shooting themselves in the foot by hording?

[Virginiá]

Well, yes. But that's the thing about human nature. People are not by default long-term thinkers and many are prone to greed. What we see right now looks more like the wealthy stealing what they can while they ride the country in the ground, rather than some coordinated plot to pilfer the nation's treasure in a careful, methodical way. Thus there is no reason to expect any sort of grand strategy. They will just keep taking more and more using whatever means available to them until they are stopped.

In other words, the collective actions of those at the top were never meant to be sustainable.