As Pluto turns Direct, the global financial system is receiving body blows. Earlier this year Bear Stearns, one of America’s top five independent investment banks, went under. Then yesterday, in one day, two more went: Merrill Lynch was bought up by Bank of America, and Lehman Brothers filed for bankruptcy protection.
There hasn’t been anything like it since the thirties. It is Pluto the Destroyer at work. He gave us warning of what was to come in January when he entered Capricorn, revealing the excesses of the Sagittarian years and sending the markets went into turmoil.
Since then the system has managed to hold itself together, and some have even announced that the worst of the ‘credit crunch’ is over. But Pluto does not work like that. He attacks the foundations, and does not give up till they have yielded, making way for something new.
So for this reason, for purely astrological reasons if you like, I don’t think we have seen the last of the turmoil by a long chalk. It is going to carry on, the body blows will continue until the whole system submits. Uranus is still within 8 degrees of squaring Pluto (the orb I use for mundane outer planet transits), hence the sudden, shocking nature of the events. Uranus will move out of orb in 2 days time, so we can expect the seismic shocks to ease off, at least for now. Uranus won’t be back within orb until next April. But Pluto will be continuing his demolition work nonetheless.
Pluto clearly has a big job to do while he is in Capricorn, because he has begun it so early. The next 16 years should see a profound change in the way we do business. It’s tempting to say that western economies will become more sustainable and better regulated, both Capricornian hallmarks. It may well turn out like that, but in a fundamental way you cannot second guess an outer planet transit. There is stuff to be gone through that is in no way predictable, and which is central to the transformational process. All astrology gives us is the ability to go there gracefully.
It is interesting, and perhaps not surprising, that all 3 firms that went under did so as part of an outer planet cycle. Bear Stearns was founded in 1924, and had just finished its Uranus Return, and was finishing its Pluto opposition; Merrill Lynch was founded in 1965 and has its Uranus opposition; and Lehman Brothers was founded in 1850, and is (was) due to start its Neptune Return in the next couple of years.
I thought I was online again, but my wireless system has crashed once more. I’ve had continuous trouble with it since I’ve had it. So I’m going to go back to using a modem once Tiscali sends me the driver CD (which I’ve lost!) So it looks like one more week of going to the library and skimpy research and no new pictures on the blog!