It’s interesting to see the way the fears of Pluto in Sagittarius is giving way to Pluto in Capricorn. In Sagittarius we fear (Pluto) the end of expansion, the end of available credit, the end of freedom, all Sagittarian concepts. As a result, governments (Capricorn/Saturn) around the world are starting to pour money and capital (Capricorn) into their banks (more Capricorn in the form of social structures and governments, which will likely result in the whole system exploding (Pluto) and needing total and complete overhaul. News reports indicate that European nations have now committed $2 trillion US to propping up banks and the stock market.
All of the world leaders instrumental in this process are saying that not to take action is more dangerous than taking erroneous action. This is a very Sagittarian concept – for the element of fire, action is key and practicality comes second. The noted economists are all saying this infusion of capital will not turn the credit markets around because it doesn’t address the root cause of the problems, but government leaders are desperately trying to cling to the old beliefs in infinite expansion of the Pluto in Sagittarius era.
The mindset of Pluto in Capricorn is very different than Pluto in Sagittarius. When Sagittarius is at work, expansion feeds more expansion. The focus now should instead be on a practical application of sound economic theory to build a solid foundation (Capricorn) to the global economic system, rather than try to increase investor optimism (Sagittarius) to keep the stock market in an overinflated state.
The German government has committed 500 billion Euros to guarantee interbank lending and recapitalize banks:
“We have placed the first foundation stone of a new financial order,” said
chancellor Angela Merkel, underlining that nothing would ever be the same again
in banking.
Nothing will be the same in banking, as astrologers have known as we watched the advent of Pluto in Capricorn. Unfortunately, though, dumping this quantity of cash into a failing financial system will not prove to be the foundation stone of anything, except perhaps the wealth of the banking industry and the powers behind it.
posted October 19, 2008 at 11:17 pm
Gee, tell it like it is. Although even the banking industry wealth you mention in your last line is likely only temporary. We have to come around to a new and different definition of wealth, and that will require change like we’ve never seen it before.