Can't Tell the Players Without a Scorecard


Americans have trouble understanding that what comes up must come down. The collective entity that is the USA has Jupiter (inflation, increase) conjunct the Sun.

Everyone surely realizes, at this point, that what was happening before the housing bubble burst last fall was crazy and fraudulent; yet the media is still talking about “prices returning to normal.” What standard of normalcy are they referring to?

Where I live, the out-of-control upward spiral in housing prices dates only from the early 1980s; recently enough that I, for one, don’t think of it as “normal.” It was then that the concept of speculation real estate blew into town, replacing the previously normal concept — of buying a house to live in and stay in.

The economy continues to unravel as Pluto wends its way back to the first degree of Capricorn, where it was in November. Things are going to get very dramatic as the Autumn Equinox approaches and Saturn begins its square to Pluto. I propose that we begin, now, to step back from the conventional wisdom about the economy. It’s not that there isn’t a crisis happening; it’s that the interpretations of the crisis that we’re getting from the talking heads need to be viewed with supreme caution.

When I’m listening to reports of a crisis, I like to know whose point of view I’m hearing. For example, a headline in yesterday’s paper read, “Median home prices rise in May – not clear if it’s good news.” I wondered, good news for whom? With the low rates and incentives now available for buyers, wouldn’t higher prices be bad news for the guy who never could’ve dreamed of buying a house before and now can?


And if the point of view reflected in the headline wasn’t that of Joe Homebuyer, whose point of view was it?

Pluto’s opposition to America’s Venus is offering us plenty of answers if we just ask the right questions. Pluto, the detective of the solar system, is heading towards its return in the US chart’s second house (money). If we want to know how the economy really works, all we have to do wait for Pluto to hand us clues.


Such as the fact that when the Dow falls, newspapers illustrate the event with photos of anguished stockbrokers on the trading floor. The inference we’re to draw is that something very bad happened; and that the Wall Street professional in the picture represents Everyman, reacting to that bad thing.

But what have we just learned about this guy on the trading floor? Is he really our alter ego? Is Wall Street’s reality the same as yours and mine?

One would have thought that September 2008 had made it egregiously clear that the financial industry and its agents do not share the same interests as ordinary citizens. During the presidential campaign politicians huffed and puffed about the difference between Wall Street and Main Street, exploiting the angry new populism that had exploded into being. Yet by buying into the media’s point of view, the public seems to be still not connecting the dots.


Why is it supposed to be of overweening interest to folks watching the evening news that the markets reacted this way or that way to Obama’s latest speech? Why are we persuaded that the most important thing about the GM bankruptcy is what the markets did when they heard the rumor?

I remember watching the stock quotes crawling across the bottom of the TV screen in the Spring of 2003 while newsmen were reporting the bombs falling on Baghdad. I thought, This is the most obscene juxtaposition I’ve ever seen. And yet, how perversely fitting.

Somebody was making big money off the war.

It was probably not you or me, but somebody was. I wouldn’t want to be in the karmic shoes of the death-mongers who were, that’s for sure. Yet why on Earth were the rest of us presumed to be more interested in the effect the invasion was having on the stock market than we were in the fate of the human beings being bombed?

Whose point of view was behind this morally bereft reportage?

The same line of inquiry might be applied to the bailouts and all the other sweetheart deals being made between Congress and the financial industry. It doesn’t take an economist to figure out why the Dow jumps for joy when Geithner pours hundreds of billions of dollars into the market. Or why Wall Street rallied after the defeat in the Senate of the Durbin bill, which would have protected homeowners from foreclosure. Or why the markets “respond so well” to the failure of all attempts to regulate the financial industry.

Is it a surprise that the banking industry approves of operations that benefit itself? The question is whether we, the public, will figure out what benefits us.

As Pluto in Capricorn is met by Uranus and Saturn in the Grand Cross upcoming, it becomes more and more important to recognize the forces at play in our world. It is time to make the distinction between the class of international elites (Pluto) and the rest of us (Uranus). One doesn’t want to come off as polarizing (the latest accusatory term –replacing “politically correct” — deployed to intimidate social critics), but the bald truth is that 40% of the world’s wealth is owned by 1% of the global adult population. So let’s define “the rest of us” as the remaining 99%.

The Rest of Us does not include those agencies for whom American wars create windfall profits; e.g. contractors like KBR, who have reaped nearly $32 billion since 2001. Nor the billionaire bondholders who are getting stealth payments, even as we speak, while the economy tanks. Nor the CEOs who make an unbelievable 275 times the amount of money that the workers in their industries make. Nor the G20 powers, assembling in Olympian summits to divvy up global financial control.

The Rest of Us means the people of the world, symbolized by Uranus in valiant Aries. Time to know the players and pledge our allegiance accordingly.

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6 comments
Jessica Murray
Jessica Murray

Rumple,Congratulations! There's only one way you can go now: freer and freer.Jessica

Rumpelstiltskin
Rumpelstiltskin

But what have we just learned about this guy in the suit and tie? Is he our buddy? Is Wall Street’s reality the same as yours and mine?I would say the answer is no! It's not that he's an enemy though. They are concerned with making money for themselves and the big players can make it whether the market rises or falls. While this may seem completely obvious, and also that investment firms obviously manage both strategies for their clients, it seems to have created far too much instability in its current form for those who value relative security and long term sustainable growth of investments. In other words, I think there are too many people invested in failure for regular people to invest in success in such an abstract form as the stock market. I've taken all my money that I could out of the market. I still have a small 401k balance and a few completely underwater stocks but everything else has been liquidated and I don't have any intention of getting back in. I've decided I'll do my own investing outside of the markets if I'm interested in investing. It has to be something I'm actually intimately involved in at this point for me to have any confidence. The sense of liberation from the ticker has been incredible. It's just awesome to not really care what the markets are doing. It's an awesome feeling to not be invested in this system.

Jessica Murray
Jessica Murray

Thank you for your input, Joseph.The transits upcoming indicate to me that the People (Uranus) could rise up and force Obama to personify the values you nention, -- this is not "fated": it's no more or less than a potential -- but the masses would have to thoroughly wake up, first. (I don't believe it's about what Obama-the-man will or won't do. He's a centrist; and over the past few years in the USA the center has been pushed so far to the right that "centrism" means something different than it used to.) It would be nothing less than revolutionary if this happened, but the potential is there. The potential is also there for the media and the elites to co-opt any such uprising, which is what we're seeing now.What ends up happening depends on the level of mass consciousness, created anew at every moment.Blessings of the New Moon to us all,Jessica

Joseph
Joseph

I wonder whether "The Rest of Us" are ready to take hold of the cosmic steering wheel to drive us to take the morally correct actions begging our attention at this critical time -- end our two wars, establish corporate and personal accountability and responsibility, create a health-care system based on wellness and prevention, and so on.If we take our president as the embodiment of "The Rest of Us" -- maybe not an appropriate assumption, but... -- I see no indication that bold ethical action rising from humanistic principles is anywhere at hand. Is there anything in the stars that can encourage our Leader to lead us with less hope and more audacity?As always, Jessica, thank you for your insightful analysis.

Jessica Murray
Jessica Murray

Good morning, Mo,I agree with you about Iran. As if suddenly there were this hot spot that we all need to be focusing upon, as opposed to all the other hot spots all over the globe. It's a time-worn deflection device: rallying the populace through a supposedly common enemy. (As you suggest, we'll never see this kind of media attention paid to, say, that teenage bride in Saudi Arabia last month; sentenced to death for the crime of marrying without her father's permission.)At least there is more public awareness than there was, about the economy, about just about everything. But collective consciousness has a very slow arc, and the era may not wait for our understanding to catch up.Thank you for writing.Jessica

Mo Davies
Mo Davies

It's interesting you should raise these matters as I was just thinking about matters economic yesterday. It's like we're supposed to live in a europhic bubble that all the hoo-haa about the economic crisis is behind us, so back to business as usual and let's continue living in an illusionary oasis ignoring the economic wilderness around us. The same business that brought on the crisis? The same gross greediness? The same Gordon Getto repeat ad nauseum in the hope we forget the last economic bubble bust? At this time I'm interested in the focus on Iran (forget the lack of democracy in other pro-Western/US Middle Eastern nations, hey, their leaders love us and our billions in hand-outs), which is very handy to deflect attention from the economic shenanigans going on unabated in Western nations and creating unimaginable hardship and suffering in Third World countries. Time to consider how we, the people, are going to set about running things in a radically different way that cares for the majority, not a small swag of ultra-greed merchants.