FINANCIAL TSUNAMI LAST WEEK - Oct 13, 2008
World stock markets plummeted Friday October 10th, ending a week that saw the biggest collapse in share values since 1929, as shown in the graph below.
The market has been compared to the situation in 1933, during The Great Depression; at which time the most popular song was Bing Crosby's "Brother Can You Spare A Dime"
What finally came to a head in our present era however, can be seen in the U.S. chart I follow..the one for the signing of The Articles of Confederation..November 15, 1777..12:46 PM ..York, Pennsylvania. I have been writing about this subject for almost a year now.
The trouble was first reported in September of 2007 as the progressed U.S. Sun in Cancer (homes) in the 4th house (our domestic base) came up to head. Things since then have just gone from bad to worse.
But this whole thing goes back many years and is related to Pluto (banks) going through the sign of Sagittarius (expansion). With no oversight, it was like a bunch of gamblers were given carte blanche and went absolutely wild. However, slowly, Pluto has been moving up to conjoin the U.S. progressed south node on the 11th house cusp, but what happened in the middle of last week was that Pluto came up to 28 Sagittarius 43 to square natal U.S. Neptune at 28 Virgo 43, in the U.S, 7th house exactly. Not only were we in trouble, but countries all over the world were in financial trouble as well.
So finally Neptune gave up its secrets about all of the hanky pan; which Congress is now looking into.
I have constructed a natal relocated U.S. chart, with the natal wheel on the inside, the progressed wheel in the middle and the outer wheel for the transits for last Tuesday and Wednesday (October 7th-8th), so you can see the aspect.
We have one more related hit to deal with..on November 11th-12th when transiting Venus reaches 28 and 29 degrees of Sagittarius and conjoins Pluto and squares U.S. Neptune. I am sure that it will not be pretty either; but thank goodness Pluto moves into Capricorn on November 26th; where he sure has his work cut out for him in the years ahead.