James Rickards - The Death of Money

Napoleonic Wars, 115

NASDAQ Stock Market closure, August 22, 2013, 60, 296–97

National Defense University, 59

National Journal, 63

National Security Agency (NSA), 53

negative real interest rates, 183–84

neofascism, 294–95

Netherlands, 233

New Scotland Yard, 37

New York Times, The, 39, 51, 55, 133, 144

9/11 attacks

continuity of government operations, failure of, 63

as failure of imagination, 256, 257

9/11 attacks, and insider trading, 17–28, 63

Mulheren’s opinion of, 18

9/11 Commission’s failure to find connection between, 21–22, 23, 25–27

Poteshman’s statistical analysis of, 22–23

signal amplification and, 24, 25, 26, 27

social network analysis of, 19–20, 25

Swiss Finance Institute study of, 23

9/11 Commission, 21–22, 23, 25–27

9/11 Truth Movement, 27

Nitze, Paul, 43

Nixon, Richard, 1, 2, 5, 58, 85, 209, 220, 235, 252, 285

Nolan, Dave, 32–33

numeraire, gold as, 219–20

Obama, Barack, 37, 57, 129, 156, 202–3, 206, 252–53

Obamacare legislation, 247–48

offensive aspects of financial war, 46

Office of Tailored Access Operations (TAO), 53–54

Oman, 152

one-child policy, China, 95, 102

O’Neill, Jim, 139–40, 146, 150

Operation Duplex-Barbara, 59

Otto I, Emperor, 114

Outline of Reform (C-20), 235

Pakistan, 30, 151, 156

panic dynamic, 62

Panic of 1907, 198

Panic of 2008, 46, 47, 52, 76, 77, 170, 188, 196, 201–2, 211, 296

panics, 224

paper gold transactions, 275–76, 284–86

Paulson, Hank, 206

Pei, Minxin, 106

permanent disability, 246

Peterson, Peter G., 51

Petraeus, David, 37

Pettis, Michael, 108–9

phase transitions, 172, 265, 289–90

Ph.D. standard, 177

physical targets, in financial war, 46

piecemeal engineering, 292

piggyback trading, 24

Plaza Accord, 1985, 118–19

Pleines, Günter, 277

Poland, 200, 233

Ponzi scheme, in wealth management products (WMPs), 102–3

Popper, Karl, 292

Portugal, 128, 200

Poteshman, Allen M., 22–23

pound sterling, 157, 161, 209

price discovery, 68

primary deficit sustainability (PDS) framework, 177–83

Project Prophesy, 28–34

Pufeng, Wang, 44, 45

Putin, Vladimir, 151

Qatar, 152

Qiao Liang (Unrestricted Warfare), 44–45

Qin Dynasty, 90

Qing Dynasty, 90, 91

quantitative easing (QE), 159–61

end of, implications of, 297

by Federal Reserve, 184–85

in Japan, 160–61

in United Kingdom, 160

quantity theory of credit (creditism), 168

quantity theory of money (monetarism), 168–69

Quantum Dawn 2, 54

Rajoy, Mariano, 134

Ramo, Joshua Cooper, 120

random numbers, 268–69

Rauf, Rashid, 37

Ray, Chris, 35–36, 38, 40

Raymond, Lenny, 35

Reagan, Ronald, 2, 63, 118, 166, 176–77, 210

Reagan administration, 235

real incomes, decline in, 78–79

regime uncertainty, 84–87, 125–26

regional trade currency blocs, 255–56

regression analyses, 4–5

Reinhart, Carmen, 182, 183

repatriation of gold, 40, 231–34

Republicans, 175–76, 179, 180, 205, 294

Reserve Bank of Australia, 52–53

revolution in military affairs (RMA), 43–44

Rise of the Warrior Cop (Balko), 294

risk

financial, 85, 268–70

gold as risk-free asset, 219

investments and, 218–19

systemic, 11–12, 81, 188, 249–50, 251, 259, 270

uncertainty distinguished, 85, 268

Risk, Uncertainty and Profit (Knight), 268

Roett, Riordan, 192

Rogoff, Kenneth, 182

Rollover (film), 1, 3

Roman Empire, fall of, 5

Roosevelt, Franklin D., 85, 295

Rothschild, Nathan, 216

Rouhani, Hassan, 57, 152

Rubin, Robert, 177, 195, 196

rule-of-law society, 166–67

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

gold accumulation by, 12, 229–30

gold-to-GDP ratio of, 157, 280–81

IMF commitment of, 202

Saudi Arabia and, 156

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

Sakakibara, Eisuke, 261, 273–74

Samsung, 82

Sancerre, siege of, 115

Sarbanes-Oxley Act, 196

Sarkozy, Nicolas, 202

Saudi Arabia, 152, 156–57

Saudi Aramco, 60

savers, 183, 184

Chinese, 102–3

Federal Reserve policies penalizing, 79

Sbrancia, M. Belen, 183

Schmidt, Helmut, 271–72

Schumann, Robert, 116

Schwartz, Anna, 84

Schwarzman, Stephen A., 51–52

Scotland, 136

Second Bank of the United States, 199

self-organized criticality, 270

Serbia, 136

Seven Years War, 115

shadow finance system, in China, 101–4

shadow gold standard, 236

Shafik, Nemat, 194–95

Shakespeare, William, 67, 88

Shamoon digital virus, 60

Shanghai Cooperation Organization (SCO), 150–52

Shapiro, Mary, 59

Shinohara, Naoyuki, 194–95

sight accounts, in gold, 276

signal amplification, 22

in stock trading, 23

terrorist insider trading and, 24, 25, 26, 27

Skype, 144

small-and-medium-sized (SME) lending, 79–80

Smith, Adam, 70, 71, 72, 87, 218, 255

Snowden, Edward, 39, 54, 149

social disorder, 294–95

solidus, 114

Solyndra, 123

Sony, 82

Sorkin, Andrew Ross, 51

Sorman, Guy, 132

Soros, George, 45, 292

sou, 114

sound-dollar policy, 118, 176–77, 210, 211

South Africa, 139, 235. See also BRICS (Brazil, Russia, India, China, South Africa)

South Korea, 45

sovereign debt crisis of 2010, European, 128–30

Soviet Union, 69. See also Russia

Spaak, Paul-Henri, 116

Spain, 128, 134, 153

special drawing rights (SDRs), 1, 3, 12, 155, 206–214

creation of, 209–10

deflation prevention as purpose of, 213–14

dollar index weakness and, 210–11

as emergency liquidity source, 211, 213

issuances of, 210–11

as money, 207

new global gold-backed SDR, structuring of, 237–42

as potential future reserve currency, 211–14, 292–93

valuation of, 210, 236

specialist firms, 18

spillover effects, of national policy, 193, 194, 198

Stamm, Luzi, 232

State Administration for Foreign Exchange (SAFE), 126–27

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

state theory of money (chartalism), 168–69

Stein, Jeremy, 188, 189, 249–50, 251

Stewart, Martha, 25

Stewart, Rod, 52

sticky wage theory, 130–31, 134

Stiglitz, Joseph, 117–18

stimulus plan, Obama’s, 174

stochastic models, 269

stock bubbles, 75

stock market crash, risk of, 250

Strauss-Kahn, Dominique, 191, 204

structural downturns, 197–98

student loan bubble, 247–49

subsidiarity principle, 113–14, 118

Sui Dynasty, 90, 91

Summers, Larry, 195, 196

suspicious trading, spotting, 32

sustainable debt, 171–72, 176–80

swaps

asset, in derivatives strategies, 80–81

central bank arrangements, 273

collateral, 188

gold, 275

SWIFT, 39

U.S.-Iran financial war and, 54, 56

Swiss Army, 59

Swiss Finance Institute, 23

Switzerland, 202, 232–33

Syria, 57

Syrian Electronic Army, 59

system crashes, 296–97

systemic risk, 11–12, 81, 188, 249–50, 251, 259, 270

Taiping Rebellion, 91

Tajikistan, 151

Tang Dynasty, 90

TAO (Office of Tailored Access Operations), 53–54