Archive for the ‘the Fed’ Category
“The New Kleptocracy” – “The largest financial theft in American history
This is a must listen Interview – – By Guns & Butter
Economist Dr. Michael Hudson on Treasury Secretary Hank Paulson’s “Plan” passed by Congress on October 3, 2008.
We discuss what is being purchased, the congressional vote, what this means for the oligarchs, and what this means for the rest of us.
~:~ update 10.18.08; 11:09 pm – Y’all I just listened to All of this interview and it’s kick-tush. Economist and historian Dr. Hudson basically calls Paulson, Bushes, Clintons, Bernanke, Wall Street gentry, the IMF, World Banks, and others the thieves and crooks they really are. He says they should be locked up and it did me good just to hear the truth in plain language, difficult as it is. Don’t skip this interview!
I’m going now to check out his website and articles:
Let George Washington explain about this Thursday being D-Day for Lehman Brothers’ auction (D for ‘derivatives’) and how much hinges on the auction’s outcome in spite of anything Paulson and Bernanke have done or might do.
And if you read George’s last paragraph, you’ll see that Oct 23 is D-Day for Washington Mutual.
Oct 23, 1907 is the 101st anniversary of the day top financier J. P. Morgan said enough’s enough and rescued America’s financial patootie, although there was more than met the eye concerning that panic, too…like the problems of NY’s Knickerbocker Trust.
“This is the place to stop this trouble!” J. P. exclaimed, yet Neptune had opposed his natal Jupiter on Sept 30, 1907. And he was enjoying a fresh Jupiter Return which had recently occurred on Oct 1, 1907! Hmmm.
Noel Tyl calls them “Jupiter Reward Cycles.” (See J. P.’s Page in the sidebar column – there’s a link to Daniel Gross’ article on the subject of Oct 23, 1907 – the Panic of 1907 – as it relates to 2008.)
Well, 2008’s most powerful banker is Jamie Dimon, J. P.’s successor of sorts as head of the firm descending from the House of Morgan. The Robber Barons just keep steam rollin’ along, don’t they?
Now I turn you over to George Washington:
Looking at the horoscope for Bush’s Wall Street bailout touting, Sun 2Lib20 is still conj asteroid, Hebe (‘co-dependency’), and Moon 9Leo04 is conj Bush’s and the GOP’s natal Mercuries and triggering the Solar Eclipse degree of August 1, 2008.
You remember that’s the 10 South Eclipse Series (9Leo32) which is the Pre-natal Series of the NYSE and of John McCain. Perhaps that’s why he’s ‘suspending’ his campaign and rushing pell mell back to Washington to ‘help’ with the Wall Street bailout.
As McCain has said, “you’re looking at the greatest deregulator you’ll ever see.”
Maybe so, but he’s got a lot of company in Washington, doesn’t he? They couldn’t fall over themselves fast enough to loosen the grip of sensibility and accountability, but now their claws have been caught in the golden cookie jar which is, according to Paulson, Bernanke, and tonight Bush, in a special presentation – now the cookie jar is empty and needs mama to bake trillions of cookies ‘cos Papa needs a new Mercedes (his Lexus is lonely.)
So you also remember that the flavor of the 10S Eclipse Series is: breaking out of a very negative situation where no hope can be seen; a lingering worry will suddenly clear; the cosmos shows the solution which must be taken up without too much delay (paraphrasing Brady’s ‘Predictive Astrology’.)
At 9:00 pm, Midheaven, the Aspiration/Goal Point of the speech is 00AQ00, “An Old Adobe Mission.” That Bush has been revved up with a sense of mission, I have no doubt. But on whose behalf is a different kettle of fish. US Inaugural Suns on Jan 20 are always in the 1AQ degree area, and 2009’s has Mercury Rx there as well. Thespian Bush is playing President tonight.
That the whole financial shebang and the current plea for 700 billion dollars is connected with the next president (and tying his hands financially so social programs will have their plugs pulled) is my first thought seeing this degree at Mc.
The Images for Integration for tonight’s tout are interesting…see if you think one or two of them apply as Bush puts on his solemn tone and tries to gain the support of the American people for this, another boondoggle to ‘aid’ his rich friends; or you could just watch his old rush-to-war routine by taking out the words “Iraq” and “WMDs” and subsitute “Wall Street” and “bank failures”…
*Sun Lib- Moon Leo: “A political idealist is crowned leader by adoring followers…The managing director throws a birthday party…” and last, but definitely not least…”A performance of ‘The Importance of Being Earnest.”
Political Theater, Dahlink!
At 9:30 pm, Bush’s natal Ascendant is at Ic in DC; at 10:01 pm, a retrograde, gold-loving MIDAS rises seeking billions. Midas can never hoard enough. In fact, none of Bush’s natal pl;anets are upper for this performance…only his “24Aries” Midheaven is in 11th house…”An open window and a net curtain blowing into a cornucopia”…for sure!
Marc Edmund Jones’ negative (what I call the unconscious or shadow side) interprestation for this degree: ‘a smug and petty self-importance in dispensing favors to others.
But see who he favors, America! This degree’s keyword is: MUNIFICENCE.
If you prefer to round up Bush’s natal Midheaven degree, we can look at that, too…”25Aries”…
“A double promise reveals its inner and outer meaning”…SENSIBILITY…
neg/shadow side: compromising insincerity and a lean to chicanery n all human relationships.’
So will Bush make the sale to the American people without having to give in to too many ‘unacceptable’ compromises?
He shouldn’t be able to for reasons you know and he will ignore, all the while pretending to address them tonight. He’s the trump card in the deck, and we’re represented by The Fool. 9:00 pm is a Mercury Hour, a good time for speeches and announcements, but Mercury is Rx.
Yes, I do have a feeling these wily varmints will get their way in the end – perhaps by Sunday. Especially with McCain riding to the rescue on his hi ho Silver.
Besides, no matter what they say or which roles they play, I always look to the results of Congress’ actions or inactions, for there’s where the pudding’s proof hides.
At 9:00 pm edt in Washington, as Bush begins to catapult the propaganda, 19Tau28 is rising, and ‘more persuasive’ arguments must be come up with. Constituents at home are hoppin’ mad so perhaps George can smooth ruffled feathers. Puh.
Thing is, wherever you have 19 Taurus, opposite you have “the accursed degree in the accursed sign” of 19 Scorpio, in this case setting. You also have in the neighborhood two Fixed Stars: Alpha Serpentis (aka Unukalhai): misfortune; tragedy.
Not so nice, but then there’s North Scale: wealth; distinction; intelligence; a good organizer; hasty words cause problems; success in war, law, religion, writing, sports; tragedy; violence.
So tonight it will be Fixed Stars, Solar Eclipses, and hi ho Silver on the menu so you know I’m getting ready for some serious terror-promoting as only the Bush administration can do.
*’Sun Sign-Moon Sign’ by Chas & Suzy Harvey.
UPDATE: How perfect! Bush began at 9:01 pm edt, and finished speaking at 9:14 pm with the Jupiter-Neptune midpoint directly at Midheaven. They’re the Speculator pair, as you know, and will conjunct three times through 2009, beginning a new cycle of activity.
Jup/Neptune = Mc: a speculator, visionary, spendthrift, or squanderer; harm or damage through thoughtlessness; a philanthropist; the potential for all kinds of indulgence.
The Point of No Return
By Mike Whitney
Neither China nor the Saudi princes are buying any more failing investment banks.
They’ll leave that to the US taxpayer.
The Party’s Over
By Patrick J. Buchanan
The Crash of 2008, which is now wiping out trillions of dollars of our people’s wealth, is, like the Crash of 1929, likely to mark the end of one era and the onset of another.
Hey US, Welcome to the Third World!
By Rosa Brooks
It’s been a quick slide from economic superpower to economic basket case.
Paulson and Bernanke Stampede Washington – Continue Raid On The Public Purse Citing Grave
Financial Threats, Officials Ready Massive Rescue
By Binyamin Appelbaum and Lori Montgomery
The Bush administration is urgently preparing a massive intervention to” revive” the US financial system, including a plan to sweep away the unpaid loans that are choking banks and blocking the flow of money to borrowers. – Paulson and Bernanke presented a “chilling” picture of the state of the financial system, according to a participant in the meeting who spoke on condition of anonymity.
Did you vote for George Bush? Just wonderin’ since he’d never succeeded at any business venture before 2000 and look at him now – bailed out by US taxpayers again.
Of course, conspiracy theorists think this economic collapse is part of the one-world-government plans that were put in place decades ago. Or centuries ago if you subscribe to the Great Seal’s reverse-with-its-all-seeing-eye theory.
Watching Bush, Cheney, Greenspan, and now Bernanke and Paulson in action, I find it difficult to discount the conspiracy theory that they know what they’re doing and that the economic, governmental, and social net failures of America were on the menu all along.
If so, these social tinkerers think that the chaos they are creating is “worth it” especially since they will never suffer as will we, and that their longed-for New World Order is only possible by destructuring society’s systems to make way for for a new start.
Pluto in Capricorn.
You know I still use Bush’s first Inaugural chart 2001 to represent all of his tenure with its 8th house (debt, credit, insurance, finance, shared resources, death, transformation, etc) full of Pluto and Chiron snugged around the Moon in Sagittarius…the People, crowded by the violent and oppressive corporatism/fascism pair, Pluto/Chiron. Its ‘too close for comfort’ flavor is out in the open now, isn’t it? Too late, the trap is sprung!
So my facetious “thanks” goes out to all who voted for George Bush. Now will you compound the issue and give Bush a vote of “confidence” by voting for John McCain? Pluto may be in Capricorn but we don’t have to hand them our heads on plates. Actually we already did that in 2000 and again in 2004. Yeeks. And we couldn’t even get Bush-Cheney impeached to show our displeasure!
But it’s 2008, and as I always say: a vote for John McCain is like a vote for Karl Rove – and that most definitely includes Sarah Palin, the lure. The Angler has spoken (aka Cheney, who must be quite smitten with Palin.)
So even if Barack Obama moves into the White House, his opponents ‘have ways’ and have shown themselves capable of ANYTHING to keep their grasp on power and their agenda on track.
Another option is that Obama plays the game their way and the American people are still in the soup. Rise up? Laws are in place to tamp us down. They call it ‘martial law’ but by then most people will realize what it really is – if they don’t already. Perhaps we’ll be too cowed and hungry to murmur our disapproval. “A hungry man is not a free man.” I disremember who said it, but it’s all too true.
Woo! After seeing the lovely and hilarious Craig Ferguson in concert last evening, you’d think I’d be in a lilting mood today. But one quick look at this morning’s news and the Craig glow fades all too soon…just a glance at the latest doings of those cheeky monkeys of Washington who are ruining our children’s and grandchildren’s lives puts me back in my political snit of miffdom all over again.
This is a fairly comprehensive list of culprits:
Is your name on the list?
Washington and the world’s financial ‘wizards’ are in process of announcing a “new world economic order” – and just when many people had honed their scoffing at the idea of a New World Order, too…how inconvenient to be so wrong.
And who can forget those halcyon days (four years ago) when the pope called for a New World Order?
Well, he can’t say ‘everything’s coming up roses’ anymore, so when George Bush spoke from the Rose Garden at the White House this morning, I looked at the Scorpio rising horoscope to find a YOD (Finger of God pattern – two planets sextile at base, both inconjunct a third, apex planet) which is a configuration of crisis or special task or purpose….a critical point where every action matters tremendously.
The YOD involves Moon, Uranus, and Mercury, and of course, Uranus often brings crises all by itself.
Moon 22Tau+ was also triggering the last Great Conjunction degree of societal planets Jupiter (expansion) and Saturn (restriction) of May 28, 2000:
“23Tau” = “A Jewelry Shop Filled with the Most Magnificent Jewels” so you know it isn’t the American people ‘racking up’ here. (Jupiter = Republicans, Saturn = Democrats.)
Uranus, another planet in the YOD pattern is Rx at “21Pis” = “A Little White Lamb, a Child, and a Chinese Servant.”
Mercury, planet of speeches and announcements, is at “22Libra” = ” A Child Giving Birds a Drink at a Fountain” – and the ‘fountain’ seems to be the public trough oink oink. “Child” is probably you and me, including in the Sabian Symbol mentioned below for Neptune.
The YOD as a midpoint picture?
Moon/Uranus = Mercury: suggestive thought power (Bush hopes): great mental activity (they’ve had their noggins together figuring out what to do and say); sudden cognition and perception; expecting a surprise; innovative ideas.
In a YOD, apex Mercury is the masterful communicator and social enlightener who can appear out-of-tune with the environment – kind of like Rx Mercury – and who may not be speaking in a clear, direct manner. There is a disjointed quality to his communication, perhaps indicated here by a lack of details concerning the ‘broad package’ and ‘new agency’ which the ‘experts’ are working on for next week’s delivery.
More socializing of private debt on the way as they ‘bail out’ their friends on Wall Street at the expense of Main Street. And with Mercury one degree from its Rx Station we’ll be hearing these themes again and again as economic issues are reviewed and rehashed. Mercury passes its shadow degree at the end of October and perhaps the discourse can move on then.
Sun “28Virgo” = “A Bald-headed Man Dominates a Gathering of Natonal Figures”…Paulson, it would seem…unless it’s Cheney!
And during Bush’s short Rose Garden presentation this morning, tr Neptune 21AQ58 Rx crossed the Ic in DC – the Foundation of the Matter, and not where you’d like dissolving, deceptive Neptune to be…
“22AQ” = “A Rug Placed on the Floor for Children to Play On”…as the lame duck prez attempts to put a bottom underneath the economic free fall which he, with his cohorts and enablers, created.
And here’s a nugget concerning one of Bush’s enablers, that deregulating John McCain who has a POW secret to hide: