Athena's Web Weekly Column

Week of July 25th - July 31st, 2008

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Pluto in Cap

Pluto in Capricorn

  During the course of our summertime series last year, we took the time to point out a number of recurring patterns we saw coming thundering down the road towards the station. They spoke of financial manipulation from behind the scenes, plans of seeking to heighten market fears and sowing the seeds of economic panic in an effort to drive up prices and, as the saying goes, 'fleece the sheep.'

  Time has come today. We're halfway through the first year. 2008 has seen a considerable amount of financial acknowledgment. January opened with not whether there would be a recession, but the question was being rephrased into how long and deep would it be? Market speculation is now driving up the oil prices which in turn are driving up food prices. Now, the housing market has been shaken.

  Say hello to Pluto in Capricorn. Now that we all have a little experience (Capricorn) under our belts, now that a little time (Capricorn) has gone by, we can step back and look and what the year has given birth to from the New York Times (NYT).

  "Fed Chief Bleak on Economic Outlook"

  "July 16, 2008, WASHINGTON- A sense of economic gloom gripped Washington on Tuesday as President Bush urged Americans not to lose faith, the Federal Reserve chairman offered a mostly bleak assessment of the difficulties ahead for the economy, and the administration's latest effort to help the housing sector faced tough questioning in Congress."

  "Confidence Ebbs for Bank Sector and Stocks Fall"

Paulson Cox and Bernanke

Henry M. Paulson Jr, left, the Treasury secretary, with Christopher Cox, center, the SEC chairman, and Ben Bernanke, the Fed chief.

  July 15, 2008- "Even as the Bush administration moved to rescue the nation’s two largest mortgage finance companies, confidence in the banking sector spiraled downward Monday.

  "In Southern California, lines snaked around branches of IndyMac Bancorp, the large lender that was seized by federal regulators on Friday, as customers hurried to withdraw their money. As the anxiety spread through the financial markets, two other big banks, one in Ohio and another in Washington State, were compelled to assert that they were sound. Even as federal regulators issued assurances that depositors’ savings were safe, Wall Street analysts circulated lists of lenders that might be vulnerable. Shares of regional banks plunged in one of the sharpest declines since the 1980s."

  If we better understand these celestial forces, we can better manage our reactions and not be so surprised. The celestial pattern, Pluto in Capricorn, is part of a 'trend' that will last for the next sixteen years. Fiscal (Pluto) conservatism (Capricorn) might be one translation. When this nation took it's first breath on the 4th of July, 1776, Pluto was in Capricorn. In January, 2008, Pluto returned to Capricorn for the first time since leaving it on December 1, 1778.

  The reports in the paper make it clear, but please understand that this is all celestial speculation at this point. We described previous historical cycles where this 'pattern' had worked before; and the WEB felt that it would play again this year. If our predictions turn out to be correct, in the course of time we will come to find out that there are a few at the top who are intentionally pulling these financial strings to the detriment of the majority, but there is no hard evidence for that now. We will have to wait until next year, in 2009, when Pluto in Capricorn will oppose the Fed's Sun to hear about that in the media.

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