One year after the fall of Lehman Brothers presaged a worldwide economic crisis, futurist Gerald Celente is predicting that a revolution has already begun in the United States. Many are decrying his “doom and gloom” predictions, but he is saying exactly what I have been saying myself: that you can’t keep repairing a house that is built on quicksand. The house has to be taken down and rebuilt on a firmer footing.
To recap the astrological history: The entry of Pluto into Capricorn in January of 2008 led to a as it became clear that the expansion of the Pluto in Sagittarius era could not go on forever. Pluto brings cultural transformation, and astrologers knew that when Pluto entered Capricorn the structures on which we base our lives (Capricorn), including government, financial and educational systems, and religious institutions would be forever transformed.
But even before this Saturn was paving the way to an increased sense of thriftiness when it entered Virgo back in the fall of 2007. Suddenly there was the beginning of a shift towards savings and conservative attitudes towards money as the subprime mortgage fiasco began to build.
Evidently Celente couldn’t get anyone in the US to listen, so he has taken his message to Russia Today:
“It hasn’t ended. That was only the beginning. We are going to see a lot more. There is no recovery, it’s a cover-up. They’re covering it up with stimulus packages, with buy outs, with bailouts – it’s not going to fix the problem.”
I personally don’t believe that the coverup is intentional – I think there is a desperate attempt to get back to where the financial system was a few years ago, using the same tools. But as financial analyst Max Wolff says, as […]
And I’m as big an optimist as anyone so I’d like to believe it. The Federal Reserve surveyed businesses around the US and “found economic activity stabilizing or improving in most regions.” However, this growth is dependent upon consumer spending and people can’t spend money when they’re not working.
I have been saying for the past few months that until we see employment numbers rising, the economy will not have turned around. People without jobs cannot spend money, and as long as the US economy is fueled by spending we will remain in the recession. Much of the spending that fueled the boom in the Pluto in Sagittarius era (1995 through 2008) came from borrowed money, and that money had dissolved into thin air.
The Fed’s survey found a pickup in the demand for temporary workers, which could presage the hiring of permanent workers. Saturn will enter Libra at the end of October, leaving the sign of Virgo which is the sign that regulates work and the work environment, as well as health and other issues that have been under stress for the past couple of years. However, Saturn will immediately form a square to Pluto which is rarely a happy combination. Saturn gives us a reality check and Pluto forces confrontation in any area where things are not working well, so that could be a big wake-up call in areas of the economy that are fueled by speculation and optimism alone.
The Saturn/Pluto square will peak in November and then again in February, making this period a challenging economic one. However, a sextile from Jupiter (good fortune) to Pluto (transformation) in February will soften the blow and encourage a sense of expansion. However, February also marks the […]
So now the folks who brought us the securitization of the bloating of the American Dream under the relentless optimism of Pluto in Sagittarius have come up with a brilliant idea to take advantage of the focus on death and dying that is likely to arise with Pluto in Capricorn: the securitization of life insurance policies of the ill and elderly.
Capricorn is ruled by Saturn who, prior to Pluto’s discovery, was the ruler of death. Pluto, lord of the Underworld, now rules the actual process and experience of death and new beginnings, but Saturn in his role as Lord of Time is still boss of the aging process and the fact that life is limited.
According to this weekend, Wall Street investment banks plan to buy “life settlements” of life insurance policies held by the elderly or seriously ill. Then these policies will be packaged into bonds and sold to investors who will receive payouts when the policy holders die. The sooner the policyholder dies, the bigger the return to the investor.
Hedge funds and investment banks started buying up life insurance policies back in the 1990s, including a company called Dignity Partners which is now defunct. What would be different now is the bundling of the policies into securities which results in bigger fees to the companies that administer them.
Just proving, that we have a way to go before the lessons of Pluto in Capricorn are learned and the greed to profit from the misfortune of others is eradicated.
If you haven’t noticed the blog in my blogroll, you owe it to yourself to take a look. This is an excellent site for anyone interested in the astrology of politics and economics. Today she writes on sugar futures:
Raw sugar prices have climbed to a three year high as bad weather threatens crop yields in Brazil and India, the world’s largest sugar producers.
In “,” the Financial Times reports that traders are betting that “the physical market will be at its tightest between November and April. They forecast that the price peaks will be seen in the ICE March 2010 raw sugar contract.”
What’s interesting is that the planetary picture correlates to traders’ bullish sentiment.
Sugar is ruled by Venus, the planetary ruler of Taurus and Libra. From October 29, 2009 to April 8, 2010,* Saturn will be in Venus-ruled Libra. Saturn represents limitations and constraints, increasing the potential for “a global deficit of historic proportions” forecast by Barclays Capital soft commodities analyst Nicholas Snowdon.
Saturn creates harsh weather conditions. Since September 2007, , an earth sign ruling the harvest. With Saturn opposing Uranus, the planetary energy of extreme conditions from autumn 2008 through mid-2010, weather conditions have either been too wet or too dry in many key crop growing regions. With , the sugar crop is suffering from too much wet weather in Brazil versus a lack of monsoon rains in India’s key sugarcane growing region.