Athena's Web Weekly Column
Week of June 29th, - July 5th, 2007
The Bank War
"It is to be regretted that the rich and powerful too often
-Andrew Jackson, July 10, 1832
Next year, Pluto will enter Capricorn, the sign this planet was in when our nation was born in 1776. This will commence a sixteen year period through which we will experience what it's like to go through this celestial signature. By looking back into history we can gain some sense of the 'personality' of this configuration by observing what happened under its influence. As we are so often told, by studying history we have a better chance of avoiding some of its pitfalls.
In the early 1830's, there were several alignments to Pluto in the US chart which set the stage for the upcoming battle.
Astrologically speaking, the martial aspects would seem to stir up anger and resentment around these Plutonic issues, while the Ascendant conjuncting the natal Pluto would give it a 'face'. The Ascendant is said to represent what we look like. It is also generally considered to be one of the 'Big Three' of astrology, the Sun, Moon and the Ascendant in the birth map. What was happening during these years involving the nation's economy?
After losing a bitterly fought election (he had won the popular vote) four years earlier, Andrew Jackson came back to win in 1829. The mudslinging had been particularly intense, and Jackson blamed the death of his wife just prior to his inauguration to the personal attacks that had been heaped upon her. In addition, Jackson felt that the Second Bank of the United States under Nicholas Biddle had used its financial leverage against him during the election. In December of 1829, Jackson addressed Congress, calling the present charter with the bank unconstitutional.
When the bank attempted to re-new its charter in 1832, Jackson vetoed the bill. Jackson had seen the power of the bank play political favorites, and he was interested in ending this abuse.
"It appears that more than a fourth part of the stock is held by foreigners and the residue is held by a few hundred of our own citizens, chiefly of the richest class."
"Is there no danger to our liberty and independence in a bank that in its nature has so little to bind it to our country? ...will there not be cause to tremble for the purity of our elections in peace and for the independence of our country in war?"
Jackson's warning, apropos to our Pluto (control and power) in Capricorn (at the governmental level) theme still resonates. In 1836 he said to Congress,
"The bold effort of the present bank had made to control the government are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of one like it."
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