INDEX 279on money illusion, 42
Fisk, “Big Jim,” successful effort to
corner the gold market by, 153
fixed exchange rates, in the Bretton
Woods system, 20
forecasts, 15, 25–26, 112, 114, 182
Forgotten Man, The (Shlaes), 241–44
fracking
bad debt issued by, companies,
92–93, 263
cost of oil production in, relative to
Saudi Arabia, 88
debt-deflation in, 99–100
deflationary impact of, 262
as disruptive technology with advan-
tages and disadvantages, 262
equity losses in, 92
France, hyperinflation in, 120
Franco-Nevada Corp., as example of ex-
pertly managed gold royalty com-
pany, 208–10
Friedman, Milton, on lags in inflation, 45
G
G-20
bail-ins by, 249–50
financial warning by, 10
role of, in controlling money in the
future, 2–3, 252
General Theory of Employment,
Interest and Money, The (Keynes),
13, 241
Geneva Report, ICMBS’ financial warn-
ing via the, 10
geopolitical crisis, triggers of, 35–36
geopolitics
investment strategies affected by, 132
oil prices driven in part by, 250
Germany, hyperinflation in, 49,
56–57, 59–61, 237–39
global meltdown. See also financial
crisis
in 1998, 83
systemic instability threatening
future, 100
gold
bull market for, 143–62
demand shock to, 159–61
fixed exchange rate of, to dollar in
Bretton Woods system, 20
as hedge against dollar-denominated
assets, 151–52
limits on access to, 268
metrics of reserves of, 151, 153–55
panic buying of, 159–60. See also
gold acquisitions
physical, 147, 161, 205, 218–19
preserving wealth through owner-
ship of, in dystopian future, 3
preserving wealth through owner-
ship of, in the coming months,
142, 205
returning paper to parity with,
120–121
as something other than an invest-
ment, 148
total supply of vs. floating supply of,
157–58
trading as a money, 147–53
trading as investment or commodity,
149–51
windfall profits tax on, 263
gold acquisition
by China, 22–23, 127, 151–56
by foreign central banks, 23, 153–55
as hedge against dollar and oil-price
manipulation, 151–53
by Russia, 127, 151–53
gold coins, in one’s portfolio, 218–19
gold confiscation, 2–3, 247
gold deliveries, 158–59
gold flows, during World War I, 21
gold holdings, as political chips,
154–55. See also gold acquisitions
gold manipulation, 153–55
gold market, China and Russia possibly
attempting to corner the, 153
gold price
expected rise of, 248–49
floor on, 146–47
implied non-deflationary, 145
inferential models of the, 151–52