Marjorie Orr on the Financial Meltdown of September [View All]

[Dover]

It’s very easy to get hysterical about a financial meltdown with the oversensationalized media getting all hyped up, though yesterday in fact only took a few percentages off the stock market rather than the freefall which followed the 1929 crash. And stock markets anyway are not the “real” economy though there will be negative consequences filtering through into ordinary peoples’ lives.

Astrologically speaking the 1929 crash and depression following was due partly to Neptune moving out of overblown Leo (the Roaring Twenties) into earthy Virgo undermining employment prospects; with Saturn in late Sagittarius moving towards bleaker times in Capricorn heading for a really tough opposition to Pluto in Cancer bringing deprivation and squaring Uranus in Aries in the early 1930s.


Pluto in Cancer altered family life and changed the status of women, pulling them away from their primary role as homemakers with a tremendous upheaval from Uranus square Pluto. It was largely caused, as is this crisis, by irresponsible lending to Americans hoping to make their fortune on the stock market. The banks lent more than they possessed and the bubble burst with catastrophic results for the next decade.

What has been intriguing me is to work out from the astrology what has been going on in the financial sector this time round. Part of it is irresponsible lending. But the real problem which could lead to banks going bust and people losing their savings - is the ramping up of debt in schemes of mind-boggling complexity which leveraged the original debt into stratospheric proportions, paying the money men percentages all the way up the line.

And it also interlinked all the banks since they laid debt off to each other, so if one goes down the domino effect kicks in. Warren Buffett in 2002 called these schemes “financial weapons of mass destruction - time bombs, both for the parties that deal in them and the economic system.”

There’s a feel here of megalomania, delusional disregard for reality - like the myth of Icarus who flew too high and burnt his artificial wings and discovered the hard way that he was not a god but an earth-bound human. That was there in the 1929 crash - gambling borrowed money to make profits on the markets without having to work for it - which does have a fire sign or afflicted Jupiterian feel about it.

But this time round there’s an additional sense of a hellish enmeshing, a deadly spider’s web of delusions, deviousness, and trickery which adds a Plutonic layer - or worse Pluto pumping its power-driven energy to vastly inflate the bubble. It’s almost Neptune/Pluto - too high and too low at the same time, except it isn’t around at the moment....cont'd

http://astrologymundo.wordpress.com/2008/09/17/marjorie-orr-on-the-financial-meltdown/