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Showing posts with label market meltdown. Show all posts
Showing posts with label market meltdown. Show all posts

Sep 30, 2008

The Cross of Gold: text link from DNC 1896

We may be tempted to think that today's current money crisis is somehow new or unprecedented in America or in the wider world.

Yet William Jennings Bryan, in his address to the Democratic National Convention of 1896, covered many issues which may resound to our current issues such as: "gold Republicans" vs "silver Democrats" and the coining and issuing of money by private individuals (such as the Fed.)

Siding with Thomas Jefferson on the coining and issuing of money being a function of government, Bryan stated that, "banks ought to go out of the governing business."

If the Bush-Cheney-Bernanke-Paulson scheme passes, banks will BE the governing business.

And you know what that adds up to: corporatism + state = fascism. Simple formula, a long time coming.

When he delivered his address, 'Cross of Gold' which denounced the gold standard, Bryan was a young Nebraska congressman who had been chosen as the Democratic party's presidential nominee. His speech mesmerized the convention and Bryan thereafter became a spokesman and devotee of silver. Not all Democrats agreed on the issue, but that's a post for another day.

Yet Bryan and his party members were defeated at least partially due to their silver promotion and the economic crisis of their day. Then, as now, it was the economy, stupid.

Between a major economic depression and the rise of Populism, William McKinley and the gold Republicans were able to carry the 1896 election; Republican control of the White House and both houses of Congress in 1897 serve in hindsight to mark the end of the *Gilded Age, even as the descendants of "the idle holders of idle wealth" whom Bryan railed against so eloquently in 1896 continue to play the trickle-down card upon the working masses to our present-day detriment.

Cross of Gold by William Jennings Bryan, 1896.


*Gilded Age is what is usually referred to on this blog as the Generation of Materialism, marked astrologically by the Great Conjunction Neptune and Pluto, 1892.

You may wish to read Senator Bernie Sanders' statement on the vicious class warfare being waged upon America's middle class (compliments of Pluto-Chiron plutocracy) which is included in a post of mine from January 13, 2008, Plutocrats: Middle Class Warfare going dandily, for the effects of their viciousness have become, with current market meltdowns, socializing of private debts, and naked power grabbing, impossible to hide or ignore.

~:~

W. J. Bryan details from: 'America Interpreted Vol II: since 1865' by R.Woods and W. Gatewood.

Sep 11, 2008

Black Tuesday Oct 29, 1929: the chart

'Black Tuesday' Oct 29, 1929 marks the massive stock market crash and this is the horoscope for Sun-to-Midheaven on that day.

Appropriately enough, the Sabian Symbol for the Sun/Midheaven degree, '6 Scorpio' is: "A Gold Rush."

We can be certain - just as in 2007/08, that the folks with 'real money' did not and are not losing their shirts, and to my way of thinking, are behind the shell games they play with other people's lives and fortunes.

That other forces are in league with - and opposing - them complicates the picture but suffice it to say, it's not you, me, the baker, or candlestick maker who are at fault. It's the 'experts.'

Some interesting midpoint pictures are repeating now in 2008 and I've marked them on the chart (click to enlarge):

Chiron and North Node (the public; the path or destiny) are conjunct then as of late (but in AQ) and the midpoint of Jupiter/Uranus is upon them.

Who are the Jupiter/Uranus crowd? Fortune-hunters; adventurers; inventors; organizers (Ebertin.)

Another interesting correlation between the meltdown of 1929 and today is that moneybags Jupiter (15Gem26 and Rx here) has two midpoints of power and wealth upon him - Pluto/NN and Pluto/Chiron.

Pluto/NN represents large masses of people and their common destiny; large business concerns; mass meetings; and exercising influence upon the public. I would add, powerful connections and associations.

Transit Jupiter will 'catch up' with Pluto/NN in Dec 2008, so we have then as now...

Pluto/NN = Jupiter: the desire to obtain position and power by force through the help of other people; the attainment of great gains through others; forcing oneself into a power position; self-promotion; attaining success through others (November elections esp the presidential election?)

And you know the Pluto/Chiron midpoint signifies plutocracy, oppression; corporatism; fascism, racism, primal violence, etc.

Time grows short and I must mosey...hope to complete this post later on...

Mar 17, 2008

Portrait of a President doin' how he does

Look, it's upside-down-book-readin' Bush and here's my latest Bush grouse: How the Bush Administration Helped Engineer the Current Market Tumble which contains a link to Eliot Spitzer's Feb 14 WaPo editorial--the one which helped to get him canned.