The Death of Money (47 page)

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Authors: James Rickards

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INDEX

The page numbers in this index refer to the printed version of this book. The link
provided will take you to the beginning of that print page. You may need to scroll
forward from that location to find the corresponding reference on your e-reader.

Abe, Shinzo,
160
–61,
260
–61

Abenomics,
261
,
264
,
297

Abraham,
217

Adenauer, Konrad,
116

Afghanistan,
55

Aid, Matthew,
53

AIG,
77

Air-Sea Battle,
44
,
63

Akerlof, George,
83
,
84
,
87

Albania,
136

Aldrich, Nelson,
199

allocated gold transactions,
275

Alpert, Dan,
245

Al Qaeda,
19
,
27

alternative funds,
299
–300

Ambinder, Marc,
63

American Airlines,
18
,
20
,
21
,
24
,
25
,
26
,
27
–28,
35
,
36

Ames, Paul,
143

ANZ Bank,
227

Arab Spring,
3

Argentina,
261
,
290

ARPANET,
174

Articles of Agreement, IMF,
199
,
212
–14,
235

Asian financial crisis,
45
,
120

Åslund, Anders,
142

asset swaps,
80
–81

Associated Press,
59

asymmetric markets,
83
–88

Atta, Mohamed,
24
–25

Australia,
281

autonomous agents,
266

Azerbaijan,
233

Aziz, Shaukat,
31

Backus, David K.,
74

backwardation, of gold futures contracts,
285

Bahrain,
58
,
152

Baker, James,
177

Balko, Radley,
294

bank deposit risk,
218
–19

bank failure risk,
218

Bank for International Settlements (BIS),
213
,
276
–78

banking risk,
11
–12

Bank of England (BOE),
159
–60,
161
–62,
223
,
230

Bank of Japan (BOJ),
160
,
161
–62

Bank of the United States,
199

barter,
254
–55

Bear Stearns,
77
,
103

Beijing Consensus,
118
,
120
–21

BELLs (Bulgaria, Estonia, Latvia, Lithuania),
140
–146

economic responses to 2008–9 crisis and subsequent recovery in,
142
–46

euro peg/conversion in,
141
,
144
–45

Berlin Consensus,
121
–27

cooperative labor-management relations pillar of,
123
–24

efficient labor pillar of,
124
–25

innovation and technology pillar of,
122

low-corporate-tax-rates pillar of,
122

low-inflation pillar of,
122
–23

positive business climate pillar of,
125
–26

Bernanke, Ben,
262

cheap-dollar policy of,
129
,
157
–59

deflation and,
76
,
77

information’s role in efficient markets, analysis of,
84
,
85
–86,
87

London speech of,
158
–59

Tokyo speech of,
129
,
157
–58

bin Laden, Osama,
19
–20,
37

bitcoin,
254

Black Death,
115

Black Monday,
270

Blackstone Group,
51
–52

Bloomberg, Michael,
294
–95

Bloomberg News
,
101
,
145

Boeing Corporation,
58
–59

Boesky, Ivan,
18

bond markets,
180

Bosnia,
136

Brazil,
139
.
See also
BRICS (Brazil, Russia, India, China, South Africa)

gold-to-GDP ratio of,
281

IMF commitment of,
202

inflation in,
3

Bretton Woods system,
118
,
208
–9,
235
,
290

BRICS (Brazil, Russia, India, China, South Africa),
139
–40,
146
–50

foreign policy coordination by,
149
–50

IMF voting reform requested by,
148

multilateral lending facility proposed by,
148
–49

UN Security Council expansion sought by,
147
–48

British Banking School,
168

BRITS,
177
–83

Bronze Age collapse,
5

Brown, Gordon,
202
,
274

Buffett, Warren,
32
,
170
–71

Bulgaria.
See
BELLs (Bulgaria, Estonia, Latvia, Lithuania)

Burlington Northern Santa Fe Railway,
170

Burns, Arthur,
271

Bush, George H. W.,
210

Bush, George W.,
37
,
210

C-20 (Committee of Twenty),
235
–36

Canada,
202
,
281

Cantillon, Richard,
7

capital flight, from China,
104
–6

Carolingian Renaissance,
113

Carter, Jimmy,
85
,
252
,
295

Carter administration,
235

Carter bonds,
1
,
253

cash, as investment,
300

central banks

Bank of England (BOE),
159
–60,
161
–62,
223
,
230

Bank of Japan (BOJ),
160
,
161
–62

Bank of the United States,
199

central planning of,
69
–72

European Central Bank (ECB),
117
,
172

Federal Reserve (See Federal Reserve)

gold acquisition by, since 2010,
225
–30

gold market manipulation by,
271
–81

IMF as de facto,
199
–207

purpose of,
199

Second Bank of the United States,
199

Central Intelligence Agency (CIA)

MARKINT and,
37
–39

Project Prophesy and,
28
–34

Rauf plot and,
36
–37

“Challenge of Information Warfare, The” (Pufeng),
44

Charlemagne,
112
,
113
–14,
118

chartalism (state theory of money),
168
–69

chartal money,
168

Chávez, Hugo,
40
,
231

cheap-dollar policy of Federal Reserve.
See
easy-money policy of Federal Reserve

Cheney, Dick,
37

Chen Zhou,
43
–44

Chiang Kai-shek,
91

China,
97
–111,
139
,
151
,
152
,
233
.
See also
BRICS (Brazil, Russia, India, China, South Africa)

Beijing Consensus and,
120
–21

capital flight from,
104
–6

centralization, disintegration, and recentralization history of,
90
–92

central planning, failure of,
69

collapse of, implications of,
297
–98

Cultural Revolution in,
92

dollar investments of,
44

dynasties of,
90
,
91
–92

economic growth of,
93
–96

elite/oligarch class in,
97
–98,
101
,
104
–11

financial warfare capabilities of,
45
–46,
51
–53

GDP of,
93
,
96

gold accumulation by,
12
,
61
,
226
–30,
282
–84,
296

gold as percentage of reserves of,
279

gold-to-GDP ratio of,
157
,
281
–82

IMF commitment of,
202

income inequality in,
106

inflation in,
3

infrastructure spending in,
98
–101,
107
–8

investment in European Union (EU),
126
–27

investment/malinvestment in economy of,
95
–101,
107
–110

iron rice bowl principle in,
93

one-child policy,
95
,
102

rebalancing of economy from investment to consumption and,
98
,
107
–110

shadow finance system in,
101
–4

state-owned enterprises (SOEs) in,
97
–98,
107

Taiping Rebellion,
91

unrestricted warfare doctrine and,
44
–45

U.S.-Iran financial war and,
56
,
57

Warlord Period,
91

Warring States period,
90

China Daily
,
52

China Investment Corporation (CIC),
51

China National Petroleum Corporation,
97

China Petrochemical Corporation (SINOPEC),
97

China Railway Corporation,
255

China State Shipbuilding Corporation,
97

China Telecom,
97

Churchill, Winston,
116
,
223

Citibank,
28
,
30
–31,
262

Citigroup,
196

civilizational collapses,
5

Clinton, Bill,
210

cluster paradigm,
192
–93,
194
,
198

CNN,
36
,
37

codetermination,
123
–24

Cohen, David,
54

Coinage Act of 1792,
217

Cold War,
46
,
231

collapse

civilizational,
5

financial,
265
–67

of international monetary system,
5

market,
11
–12

warning signs of,
295
–98

collateral swaps,
188

College of Europe,
116

commodities,
217

Communist Dynasty,
90
,
91
–92

complexity theory,
6
,
269
–70

financial collapse and,
265
–67

market collapse and,
11
–12

phase transitions in,
172
,
265
,
289
–90

computational complexity theory,
71

confidence, in U.S. dollar,
253
–56,
291

confirmation bias,
26

continuity of government operations,
63

contract theory of money (contractism),
165
–67,
169

corporate tax rates,
122

correlations,
4
–5

Cosco,
133

Counter-Reformation,
115

credit, in premoney economies,
255

creditism,
168
–69

credit risk,
218

criticality,
270

Croatia,
136

Croseus, King,
217

“Crunch Time: Fiscal Crises and the Role of Monetary Policy” (Mishkin),
286
–87

Crusades,
115

currency war,
159

cyberattacks,
59
–60

cyclical downturns,
197
–98

Cyprus,
200
,
290

Dam, Kenneth W.,
209
–10

Da Silva, Tekoa,
236

Davoudi, Parviz,
151

“Day After, The” (Ambinder),
63

debasement, of money,
172

debt,
171
–80,
290
–91

Federal Reserve monetary policy’s relation to,
176
–77,
180
–89

Federal Reserve Notes as,
167

monetization of,
287
–88

sustainable,
171
–72,
176
–80

tests for acceptable government spending,
173
–76

of United States,
171
–73

Debt-Deflation Theory of Great Depressions, The
(Fisher),
246
–47

debt-to-GDP ratio,
159
–60,
173

deflation, impact of,
9
,
258
–59

of Japan,
159
,
259
,
261

of United Kingdom,
159

of United States,
159
,
173
,
259

defensive aspects of financial war,
46

deficits,
172
–73,
176
–80

deflation,
9
–11,
76
–83,
243
–52,
256
–64

banking system, impact on,
9
,
259

Bernanke’s response to,
76
,
77

Chinese imports and,
76

debt-to-GDP ratio and,
9
,
258
–59

deleveraging after housing market collapse and,
76
–77

government debt repayment and,
9
,
258

Greenspan’s response to,
76

versus inflation, in depression of 2007 to present,
243
–52,
260
,
290
–91

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