We've been examining some strands of the natal map of the United States of America, born July 4th, 1776 in Philadelphia, PA. We've taken a few weeks now to examine Neptune on the Midheaven squaring Mars in the 7th house. This week we alter our focus slightly and take a look at this same Neptune on the Midheaven, but in a trine to Pluto in Capricorn in the 2nd, the house of banking interests.
Neptune trine Pluto, what could be better?
And you're right. This is a wonderful aspect.
What does it mean?
Quite simply, it's a cozy relationship between the executive branch, the financial sector and industry. We are a rich and powerful nation. We didn't start out that way, but through two revolutions we nursed the infants technology and democracy, experiments born of a new land. Their exploits were to become famous the world over.
Neptune in the US chart is in Virgo, Pluto is in Capricorn. This is an Earth trine, excellent for grounded, solid, long term business endeavours. Pluto in the 2nd house deals with banking and the financial sector at the managerial (Capricorn) or structural level.
Through the 19th century, the financial figureheads of this new industry were well known; the Astors, Vanderbilts, Rockefellers, Andrew Carnegie and J. P. Morgan. During the Panic of 1873 Carnegie was capturing the steel market, while Rockefeller was squeezing out the competition in oil.
Prior to the Civil War, the South had represented a Congressional counter-balance to the marketing interests of the industrial North, deflecting legislation that would interfere with free trade. Once the South pulled out in their revolutionary fever, a flood of legistation flowed through Washington. Lincoln signed into law a series of acts to give business interests what they wanted. For instance, Congress passed the Morrill Tariff.
"This made foreign goods more expensive, allowed American manufacturers to raise their prices, and forced American consumers to pay more."
People's History, Zinn, p. 233.
The Wheels of Industry needed to be greased. While making his fortune, Mogan brought rationality to the national economy, the Earth trine. He was to interweave railroads with banks and insurance companies. One of Morgan's firms was given a government contract to float a bond issue for $260 million.
"The government could have sold the bonds directly; it chose to pay the bankers $5 million in commission."
ibid, p. 249.
Not bad for a single transaction. Another example of this cozy relationship between industry and government was through the Civil War. Over 100 million acres were given by the administration to the railroads, free of charge.
"Congress also set up a national bank, putting the government into partnership with banking interests, guaranteeing their profits."
ibid, p. 233.
In a wonderful insight into the nature of Pluto:
"Three insurance companies dominated by the Morgan group had a billion dollars in assets. They had $50 million a year to invest- money given by ordinary people for their insurance policies. Louis Brandeis describing this in his book 'Other People's Money' (before he became a supreme court justice), wrote:
"They control the people through the people's own money."
ibid, p. 250.
This is classic Pluto; other people's money. Neptune trine Pluto.
"Morgan then formed the U.S. Steel Corporation, combining Carnegie's corporation with others. He sold stocks and bonds for $1,300,000,000 (about 400 million more than the combined worth of the companies) and took a fee of 150 million for arranging the consolidation. How could dividends be paid to all those stockholders and bondholders? By making sure Congress passed tariffs keeping out foreign steel; by closing off competition, maintaining high prices, keeping wages low, using government subsidies. These industries were the first beneficiaries of the "welfare state." By the turn of the century, American Telephone and Telegraph had a monopoly of the nation's telephone system, International Harvester made 85 percent of all farm machinery, and in every other industry resources became concentrated, controlled. (Pluto) The banks had interests in so many of these monopolies as to create an interlocking network of powerful corporation directors, each of whom sat on the boards of many other corporations. According to a Senate report of the early twentieth century, Morgan at his peak sat on the board of forty-eight corporations; Rockefeller, thirty-seven corporations."
ibid, p. 251.
Follow the money. Trines are a smooth, easy, creative flow of energies. Skill and Talent are two of their children. With Neptune in an Earth trine to Pluto; power, strength, organization, initiative, and good fortune will flow in great bounty.
This is indeed a wonderful aspect.
Just not for you.
Continue on the Freedom Trail
Pluto in Capricorn
Peeking Through the Corporate Keyhole
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