How to grow your wealth during the coming collapse?

INDEX 275

emergence of, as major creditor
nation, 22–23
gold acquisition by, 22–23, 127,
151–56
insufficient gold holdings by, in game
of global politics, 154–55
unwind (bubbles) in, 73–77
Churchill, Winston, decision of, to
return to pre–World War I gold-paper
parity, 120
classical gold standard, 119
discussion of return to, 120
end of, caused by World War I, 120
Clinton, Bill, growth under, 14
collusion, among regulators, govern-
ment and large banks, 19
Commodity Exchange (COMEX), paper
contracts in gold traded on the, 149
communications policy, the Fed’s use
of, 178–80
complexity theory
application of, to capital markets,
168–71, 181, 183
Austrian economics in relation to,
258–59
confidence, fragility of, in paper curren-
cies, 138–39, 145–46, 184–85, 257
consumption. See marginal propensity
to consume (MPC)
Continuous Commodity Index, price of
gold compared to the, 149–50
corporate debt
emerging-market dollar-denominated,
85
energy-related, 84–85
corporate-debt meltdown, 82–86,
264–65
1998 and 2007 crises compared with
expected, 85, 90–91
credit risk in the carry trade, 111
credit unions, safety of, relative to
banks, 247
Crimea, Russian takeover of, 132
crisis scenarios, 31–39
for the international monetary
system, 190–92
critical state dynamics, of financial

markets, 181, 192–95

critical thresholds

critical and sub-critical states in rela-

tion to, 193–95

for quitting the dollar, 192–95

cross rates among currencies, 123, 257

crypto-currencies, 228–32

characteristic features of, 229

investor interest in, 232

tax evasion enabled by, 230

technology potential of, 231

U.S. dollar as one of the, 230

uncertain performance of, during

financial panic or recession, 231

weaknesses of, 229

currencies

hypothetical, used in financial war

game, 126–27

remaining, in dystopian future, 2–3

Currency War One (1921–36), 119–21,

144

Currency War Three (2010– ), 122–24,

139–42

declaration of, by Barack Obama, 122

Currency War Two (1967–87), 121–22

currency wars, 79–80, 119–24, 137–42,

200–201

Chinese part in, 75

desire to import inflation as motiva-

tion for, 124

desire to increase exports as osten-

sible reason for, 124

economic harm done by, 122

financial wars vs., 124

Japan’s battle in the, 137–39

long-lasting nature of, 119, 140

negative-sum nature of, 140

seesaw pattern in the, 140

Currency Wars (Rickards), 124, 127

cyclical/monetary problems, structural

problems distinguished from, 16, 34

D

de-dollarization, 189–95, 256, x–xii

Death of Money, The (Rickards),

138–39