The Gold Standard was replaced by a Defacto
The PetroDollar Standard, with Saudi oil production being a swing producer to facilitate inflation of the currency.
In January 2005, Saudi Arabia increased its number of operating rig count by 144%, to increase oilproduction by only 6.5%. This suggests that the market swing producer (as Saudi Arabia was seen) wasnot able increase production enough to meet increasing demand.
Plateau Oil. A variation on the idea of peak oil. AT Plateaux production no swing capacity in Oil Supply is similar to demonetizing Silver giving a defacto PetroDollar Standard which is inherently deflationary.
QED, Welcome to the new Oil Shock.
Crony Capitalist Virus 2020 , Truth to Power. Brexit, Globalism, Feudalism, Green New Deal, the Epidemic of Bullshit Unravelled. @davidgraeber @financialeyes @JoeBlob20 #DebtBomb @DominicFrisby #Life on the Farm, #TwoLegsGood From 1984 to Animal Farm. Thinning the Herd and the Inanition of Stock. Boris’s Technocratic Dystopia, Singapore on Thames #WrongKindofGreen #WaroftheWorlds
He rates the people ‘as if he were a God to punish, and not a man of their infirmity.’ He scoffs at one of their tribunes for maintaining their rights and franchises: ‘Mark you his absolute shall?’ not marking his own absolute will to take every thing from them, his impatience of the slightest opposition to his own pretensions being in proportion to their arrogance and absurdity.
1977 age of uncertainty
Calvinism shaped society work ethic.
abandon Calvinsim adopt hedonism.
Kings, priests and statesmen blast the human flower
Even in its tender bud; their influence darts
Like subtle poison through the bloodless veins
Of desolate society. The child,
Ere he can lisp his mother’s sacred name,
Swells with the unnatural pride of crime, and lifts
His baby-sword even in a hero’s mood.
This infant arm becomes the bloodiest scourge
Of devastated earth; whilst specious names,
Learnt in soft childhood’s unsuspecting hour,
Serve as the sophisms with which manhood dims
Bright reason’s ray and sanctifies the sword
Upraised to shed a brother’s innocent blood.
Let priest-led slaves cease to proclaim that man
Inherits vice and misery, when force
And falsehood hang even o’er the cradled babe,
Stifling with rudest grasp all natural good.
Queen Mab Shelly. 44 iv
This process of the same chordal structure having multiple meanings is known in the classical theoretical tradition of the 19th century as ” Merdheutigkeit” or multiple meaning. In jazz theory I found the expression Plurality ( Grove, 1972). In a research I did I related the concept to linguistics (heterossemy) and to the creative process. “PLURALITY: The creative process of ressignification of harmonic and melodic structures”
How readily the pecking order has regiments in line, volunteers to a false consciousness of liberation by societies consumptive ills, Polysemous
At the sign, Obey and join the Que.
ESCHATOLOGY END TIMES PROPHESYPROBLEM REACTION SOLUTIONSCARE THE SHIT OUT OF EM AND KEEP EM POORCALVIN SAID Belloc characterised the Reformation as´´a rising of the rich against the poor´´,´and indeed Calvin had written the unfortunate statement:´´The people must always be kept in poverty in order that they remain obedient´´.