Collusion_How Central Bankers Rigged the World

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by Nomi Prins


  Sánchez, Manuel, 42

  Sanders, Bernie, 142

  Sarkozy, Nicolas, 185, 194

  Sartori, José Ivo, 85

  Schäffler, Frank, 210

  Schäuble, Wolfgang, 206, 215, 222, 223, 228

  as Architect of Austerity, 246

  on Draghi, 235–236, 242

  on ECB, 237

  on EU, 239

  on loose monetary policy, 243

  Schulz, Martin, 211

  SDRs. See special drawing rights

  SELIC. See Special System for Settlement and Custody

  September 11 terrorist attacks, 91

  Serra, Jose, 61, 73

  Sharp Corporation, 149

  Sheets, Nathan, 26

  Shinzo Abe, 133, 179

  on BOJ, 149–150

  cheap money and, 151

  on fiscal responsibility, 158

  on future growth, 172

  on market stability, 170

  policies of, 158, 161

  Putin meeting, 175

  Trump meeting, 174

  on yen, 159, 164

  See also Abenomics

  Shoichi Nakagawa, 139

  Silva, Marina, 70

  Singer, André, 54

  small and medium-sized enterprises (SMEs), 43

  Smits, Frank R., 154

  SNB. See Swiss National Bank

  Sobel, Clifford, 55

  Soeder, Markus, 211

  SOEs. See state-owned enterprises

  Sony, 143, 147, 149

  Spain, 185, 198

  special drawing rights (SDRs), 11–12, 234

  by IMF, 88, 96–98, 116, 121, 123, 129, 250

  RMB and, 250

  yuan and, 126–127

  Zhou Xiaochuan on, 127

  Special System for Settlement and Custody (SELIC), 67

  BCB and, 59, 61, 85–86

  Meirelles and, 57

  raising of, 70

  speculative bubbles, 128, 253

  state-owned enterprises (SOEs), 111

  Stephansen, Kathleen, 31

  Stiglitz, Joseph, 187–188, 252

  Strauss-Kahn, Dominque, 38, 101, 189, 194

  subprime crisis, 2, 17, 55

  Sumitomo Mitsui, 142, 144, 169

  Summers, Larry, 24, 220

  supranational reserve currency, 96

  swap lines, 8, 26, 150, 169, 184, 186, 238

  Swiss National Bank (SNB), 140, 142, 150, 155, 184, 201

  currency swaps, 212, 218

  Takahide Kiuchi, 162

  Takashi Okuda, 147

  A Tale of Two Cities (Dickens), 127

  targeted longer-term refinancing operations (TLTRO), 233

  tariffs, 68, 109, 153, 176

  Tarō Asō, 139, 155, 160, 171

  Taylor, John B., 18

  Temer, Michel, 77, 80, 82, 84, 86

  tequila crisis, 21, 34

  Thain, John, 21

  Thompson, Adam, 36

  TLTRO. See targeted longer-term refinancing operations

  Tokyo Stock Exchange Price Index (TOPIX), 144, 170

  Tombini, Alexandre

  on bank spreads, 64

  as BCB head, 61–63, 68, 78

  on global fragility, 66

  inflation and, 71

  money-conjuring by, 71

  policies of, 75

  rates and, 67

  on spending cuts, 76

  TOPIX. See Tokyo Stock Exchange Price Index

  toxic assets, 2, 16, 55, 100

  Toyota, 143, 147–148, 152, 162

  Trans-Pacific Partnership (TPP), 128, 153, 176–177

  Trichet, Jean-Claude, 17, 30, 32, 42, 142

  as Banker of the Year, 2007, 184–185

  on Bernanke, 193, 197–199

  as ECB head, 181, 185

  as euro guardian, 201

  on Zhou Xiaochuan, 199

  See also Europe, Trichet and

  Triffin, Robert, 96

  Tripartite Bank Governor’s Meeting, 97, 140

  troika, 13, 41, 160, 225, 228

  See also European Central Bank; European Commission; International Monetary Fund

  Trump, Donald, 126

  as antiestablishment, 249

  antitrade policies of, 239

  Carstens on, 50–51

  China and, 12

  election of, 127, 244–246

  isolationist and protectionist policies of, 129–130, 245

  Japan and, 176–179

  May meeting, 244

  Mexico and, 12, 51–52

  on NAFTA, 52

  Shinzo Abe meeting, 174

  wall and, 49–50

  on Yellen, 168

  Tsipras, Alexis, 73, 226, 227–228, 230

  unemployment, 191, 218, 219

  United States (US)

  Banco de México and, 15

  cheap money in, 93

  developing nations and dogma, 30, 81–82

  dollar in Mexico, 30–31

  financial crisis of 2007–2008 ignited by, 247

  GDP, 192

  Mexico collaboration, 16–19, 30

  Mexico trade, 48–49

  money-conjuring in, 254

  Ortiz dollars announcement, 22–23

  Ortiz ties with, 18

  speculators in Brazil, 79–82

  as superpower, 5

  See also Federal Reserve

  Varoufakis, Yanis, 227–228

  Videgaray, Luis, 47

  Videgaray Caso, Luis, 40

  Villeroy, François, 237

  Wagenknecht, Sahra, 245

  Wall Street, 2, 19, 21, 31

  aftershocks, 46

  bailout, 30

  as casino, 142

  central banks and, 249

  cheap money and, 3, 6

  the Fed and, 25

  profits, 159–160

  recovery on, 43

  in twentieth century, 7

  Wang Qishan, 99, 102, 105

  wealth gap, 9

  Weber, Axel, 213

  Weidmann, Jens, 208, 211, 219, 222, 226, 234

  Wells Fargo, 2

  Wen Jiabao, 91, 94–95, 101, 103

  Williams, John, 172, 240

  Wilson, Woodrow, 4

  World Bank, 5, 8, 29, 81, 200

  criticism of, 109

  funding, 73, 101, 120

  as old world order, 214

  World Economic Forum, 16, 71, 119, 127, 160, 189, 253

  World Economic Outlook, 118, 231

  World Trade Organization (WTO), 175

  Xi Jinping, 50, 107, 109, 112, 115

  on economic growth, 123

  on globalization, 127–178

  on risks, 114

  trade ties and, 176

  Xian Zhu, 116

  Xie Xuren, 102

  Yang Jiechi, 94, 102

  Yellen, Janet, 7, 110, 114, 154, 224, 240

  on Brexit, 238

  on economic performance, 164

  on economic strength, 169

  as the Fed head, 111, 156

  on monetary policy, 220

  opposition to, 234

  on rate increases, 172

  Trump on, 168

  yen, 199

  Abenomics and, 155

  appreciation of, 142–143, 145–146

  BOJ and, 201

  depreciation of, 147, 152, 162

  G7 banks on, 137, 153

  Lew on, 161

  Shinzo Abe on, 159, 164

  Yi Gang, 98, 106, 113

  Yoshihiko Noda, 103, 146

  yuan, 12, 106, 119

  devaluation in, 117

  ECB and, 113–114

  Geithner policy, 99, 105

  IMF on parity, 117

  as most used, 219

  PBOC and, 105, 174

  SDRs and, 126–127

  Zhou Xiaochuan on, 109

  Yukio Hatoyama, 141

  Zapatero, José Luis Rodríguez, 196, 201

  Zedillo, Ernesto, 28

  zero-interest rate policy (ZIRP), 56–57, 63, 67, 155–156, 1
64, 202

  Zhou Xiaochuan, 32, 107, 148

  critique from, 99–100

  on dollar, 234–235

  on economic growth, 129

  on exchange rates, 112

  on floating exchange rate, 110

  on gold standard, 113

  intuition of, 88–92

  Lagarde and, 102, 122–123

  Latin America cooperation and, 121

  leading charge, 93

  MOU signed by, 116

  as PBOC head, 87–88, 109, 120

  on reform, 95–96

  respect for, 114

  retirement of, 130–131

  on SDRs, 127

  on stopping contagion, 103

  on trends, 111

  Trichet on, 199

  on yuan, 109

  Zhu Rongji, 108

  ZIRP. See zero-interest rate policy

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