The Fed's expanded reach

Bernanke Tries to Define What Institutions Fed Could Let Fail" is an elucidating article written by Craig Torres at Bloomberg News (article's last update August 19.)

What is one thing I learned from this article?

That on August 10, 2005, with Greenspan as chairman, 94% of the Fed's $24 billion in outstanding repurchase agreements with Wall Street were in US Treasury notes, according to Wrightson ICAP LLC in New Jersey.

On August 10, 2008, only 14% were in Treasuries with the rest in mortgage bonds and agency securities (80%!) That's possibly misnamed, securities.

As something resembling an explanation, the NY Fed says that agency and mortgage-backed securities "--became more attractive."

Yes, they must have looked financially lovely - in the dark or by the flickering candlelight of a one-world-government glow.

But in the light of day, they look disingenuous at best, or downright fraudulent coming from much-touted 'experts' who shoulda woulda coulda known better but played the graft upon society anyway.

~:~

August 10, 2005: Sun within one degree of value-loving Venus' position of 9/11/01 when vengeful Venus triggered the Mother of All Eclipses degree from Aug 11, 1999, mentioned in astrologer Nostradamus' predictions of so many moons ago.

The imperious Sun Leo/Moon Scorpio combo has tendencies toward arrogance and overextension, with a fanatical desire for personal success and survival. There's stubborn resentment when things don't go as planned, and a cynical attitude toward life along with a double standard when it comes to relationships.

However, with this blend there is also a deep loyalty to principle which may be positive or negative depending on whether Ben lets YOUR bank be one-of-the-failed or not.

With August 10, 2008's Sun Leo/Moon Sag influence, we see hero-worship coming into play, with outspokeness, impatience, and impracticality.

Still with the Lion's flavor, this blend retains the imperiousness and loyalty as in 2005, but with more of an independent streak.

Here's a quote from an author who shares this blend natally:

Two antagonistic influences...one to mount direct to heaven, the other to drive yawingly to some horizontal goal.

--Herman Melville


It totally grumps me up to say it, but the yawing drive to some horizontal goal began decades ago in America. Our real or imagined 'exceptionalism' has been spent through bad-intentioned political capital which was stolen in the first place and nowhere near the "mandate from the people" as was proudly advertised.

One of the more basic concepts which Astrology demonstrates is: that how something or someone begins is how it/he or she will end. This won't guarantee a positive or negative outcome, of course, because the expression of the energy being offered remains up to its owner to use bwo willpower (hopefully, mind control is resisted.)

Thing is, the American people have not owned this nation in many a year, if ever. Yet we once could put some bit of trust in her continuance and sovereignty.

But you see where decades of our apathy and inattention got us...driving into a yawing horizon with a Secondary Progressed Full Moon on its way, the culmination point of our American experience for years to come, and that, in late 2008 (based on the Sibly chart) or early 2009 (from the US' Scorpio rising chart.)

The Fed, led by Greenspin, as I insist on calling him, or Bernanke the Brave, has its credibility in tattered shreds over in Europe. The damage on that score has already been done.