Crossing the Fed is harzardous to your career, as Pulitizer Prize winning economist Paul Krugman has found, and this piece by Ryan *Grim deftly lifts up the monopolistic rock under which the Fed operates.
Mr. Greenspan 'got it wrong,' the Fed 'got it wrong.' And they're still controlling the world of economics and finance with an eye toward expanding their power and control! Obviously the fix is in because it makes no sense.
And remember the 'Beijing Eclipse' of August 1, 2008 @ 10Leo? It was also the 'NYSE Eclipse' because it was in the 10 South Series which is the Pre-Natal Series during which the New York Stock Exchange was hatched.
Then the Lunar Eclipse of August 16 2008 @ 24AQ (where nebulous, deceptive Neptune tarries now and Jupiter, now Rx, will be in a while) followed and I was writing on Jude's Threhold about "market paranoia" - see sidebar of Pages there.
To refresh, the 10 South Solar Eclipse Series is one of: 'breaking out of a very negative situation where no hope can be seen to a space containing many options. A worry...will suddenly clear. The solution is shown by the Cosmos and needs to be taken up without too much delay.' (Brady's Predictive Astrology.)
Suspend your (sham) prez campaign and rush back to Washington, John McCain, to rescue the world economy! Especially since 10S is also McCain's PE Series. And sad to say for America, this is and will forever remain, the PE of US Inauguration 2009.
Well, the astrologers of Wall Street were quite aware of the August 2008 Eclipses and their import, I suspect. Remember that old J. P. Morgan once famously said, "Millionaires don't use Astrology, billionaires do." Celestial cycles above, financial cycles below.
So was the Financial Crisis of 2008 the result of years' worth of thoughtless mistakes and a sign of the Fed's incompetence? Or are things moving along just as planned all along as they corner the world's wealth?
If you've read much around this blog you know my belief on the matter: they may be extremely arrogant and robot-eyed but they are not incompetent. They may seem incompetent to the average Main Streeter, but incompetent they are not.
So we're stuck with a Federal REserve Bank that needs some serious auditing, but what do you think are the chances of that, given the institution's stranglehold on the financial world and most of the economists in it?
("Grim' and 'rock' and 'loss' = Saturn, which conjoined US natal Neptune at the end of August 2009 for the 'grim reality' transit, and our job and home losses continue.)