Athena's Web Weekly Column
Week of August 24th, - August 30th, 2007
Say Hello to Pluto
When asked what he felt was the greatest achievement of his career Andrew Jackson replied without hesitation,
"I killed the bank!"
The United States of America was born on July 4th, 1776. The chart for that date shows Pluto in Capricorn in the second house. America's secrets (Pluto) are buried in the corporate intrigues (Capricorn) entwined in the World of Finance (second house).
When America's Revolution severed all ties with England, we made the cut politically, nationally and financially. Indeed, it was the financial aspects (according to the historians) that were one of the most irksome, sparking the now-famous rallying cry:
"No taxation without representation."
But the difficulties inherent in founding a new nation require money, and lots of it. It takes money to call together an army; to feed, train and buy munitions for it. In the 18th century, trade (and therefore income) was tightly controlled by nationalities. Each mother country would trade solely with its own colonies. When we severed ties with England, we also lost our traditional English colonial trading partners in the Caribbean, Central America, Jamaica and of course England. This severely cut into our trade income, particularly with the maritime industry of New England. The Continental Congress had, in turn, not voted itself powers of taxation. There was little governmental income and it almost cost us the war. We couldn't pay our national debts to those who had backed us, thereby undermining our credit and ability to borrow on future debts. There was no mechcanism in place to handle such large financial undertakings, with individual states, locales and even companies having their own 'script'.
One of the principle reasons the winter of 1777-1778 had been so difficult at Valley Forge was because Washington couldn't get money out of Congress to pay for blankets, clothing or food. Many of the rank and file died a cold, hard death waiting for spring. This powerfully personal experience for which he was ultimately responsible as their commander must have burned deeply into Washington's psyche, impacting his judgment years later as he helped shape the political future of a young nation. Washington's experience had shown him the importance of having reliable financial backing. He had quite literally been scared to death that his dream might die for a lack of finances; yet the path they were getting ready to follow meant buying back into the central fiscal system they had just fought a war to part with, the European financial banking system controlled by the Rothschilds. Such a course would not be popular with the American people, and was therefore kept politically quiet. Thomas Jefferson strongly opposed Hamilton, and attempted to talk the President out of signing the bill, but without success. Washington followed Hamilton's advice and returned to the security of a central banking system molded upon and entwined with (part of) the Bank of England. It was to be a double-edged sword, historically confirming the worries of both Jefferson and Jackson. Washington delayed for as long as he could, perhaps hoping that the issue would simply go away, but he finally gave in and signed the bill into law on April 25, 1791.
It turned out that there would be two charters granted; one in 1791 (running through 1811), and a second in 1816 (through 1836), each for 20 years. Each were provided to fund war debts. The first was charted to pay for the Revolutionary War; the second, the War of 1812. It was with the Second Bank of the United States that Jackson wrestled as president.
It would not be until December 23, 1913 that the Federal Reserve Act was passed by Congress. It re-ignited many of the same arguments being contested in the 18th and 19th century by the charters. The Federal Reserve Bank is a private business, not a government agency, that is working to both mint and make our money. It is an incredibly lucretive enterprise based on credit lending, and it makes its owners very, very rich. Whether private banks under Congressional charter, or Federal Reserve Bank, it's all reflections of the US Pluto in Capricorn. There can be a strength in keeping things secret; of not letting people know what you're doing. This cloak and dagger mentality is all part of the mystique and personality of the planet Pluto.
Between the wars, according to the media "...the Federal Reserve was the second or third most secret institution in town."*
Although the centuries have shifted, the pattern is the same.
In examining the chart for the Federal Reserve, in 2008 and 2009 we will watch as this institution withdraws credit, causing another economic slowdown, helping the multi-national corporations clean up in various markets at great savings. In turn, additional evidence will begin to snowball against the Federal Reserve as more and more people start to understand the fiscal travesty at work, uncovering its origins and examining its legal viability both in the public media and the courts.
(*Secrets of the Federal Reserve, the London Connection, by Eustace Mullins)
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