How to grow your wealth during the coming collapse?

INDEX 287

Society for Worldwide Interbank Funds
Transfers (SWIFT), Iran’s abortive
entry into the, 127–28
soup lines, in the New Depression, 26
sovereign wealth funds, financial at-
tacks by, 31–32
special drawing rights (SDRs)
definition of, 255
diminishment of dollar dominance
through use of, 24, 190–91
distinguished from local currencies, 256
expected issuance of trillions of, by
the IMF, 236–37
international settlement through, 2
price-setting and benchmarking of
currencies’ value through, 2
spillover effects, 99–100, 141, 172,
174–76
stable dollar, 257
Stinnes, Hugo, German hyperinflation
weathered successfully by, 59–61
stock market
bubble in the, 197
bullish scenario for, 107
crash in, motivated by scramble for
gold, 160–61
strong dollar
the age of the, 122
deflationary nature of a, 86,
106–107, 257
effect of, on forcing other countries
to break their pegs to the dollar, 141
explained in part by expected inter-
est–rate hike, 116
structural change
examples of, 26, 241
foreseeability of, 17
likelihood of, 256
structural problems
monetary/cyclical problems distin-
guished from, 16
in the New Depression, 26
Structure of Scientific Revolutions, The
(Kuhn), 185
subprime mortgages, regulators sur-
prised by problems in, 84

Summers, Larry, negative interest rates

proposed by, 5, 252

swap contracts, 184

in the energy sector, 89–93

Swiss Army, in negotiations with VIA

MAT, 158

Swiss franc, surprise revaluation of the,

139–40

Swiss National Bank

deception against the Swiss public by

the, 142

Switzerland

abandonment by, of Swiss franc’s peg

to the euro, 139–40

banking system of, 251

referendum on linking the Swiss

franc to gold, 142

systemic risk. See financial risk

T

taxes, 54–55, 65, 230, 263

deflation’s impact on collection of, 65

technology

as a cause of deflation, 70–71

Thailand

role of, in financial crisis of 1998,

172–73

thought crimes

in dystopian future, 5

tipping points

in geopolitics, 35–36

in global financial system, 100,

183–84, 245

Tokyo stock market

link between U.S. hedge funds and

investment banks and the, 175–76

transfer payment, inflation as equiva-

lent to, 43

Treasury Inflation Protected Securities

(TIPS), short-term, as providers of

inflation and deflation protection, 258

trust in markets, erosion of, 2, 4

tug of war. See price instability

Turkey

as arbiter of regional disputes, 223

bad neighborhood around, 224