“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception
The updated chart shows the formation is still working. Depending on where we place any additional necklines the ultimate target can be significantly lower, on the order of 700 or less barring an exogenous event such as war or a more significant monetary inflation.
Original Chart Posted on 6 June 2008
