One of the more notable astrological events of the past year was the ingress (changing of signs) of Pluto into Capricorn. Because of its long elliptical orbit around the Sun the last time Pluto entered Capricorn was in the 1760s. When we look back to that time we see the colonies in financial turmoil – they were being bled dry from a bevy of taxes (which eventually led to the American Revolution and independence from “taxation without representation”). Now, as Pluto returns to Capricorn we once again find ourselves uncovering more financial scandals.
One of Pluto’s functions is to uncover- to bring to light those hidden demons so that healing and growth can occur. It’s never an easy process, but necessary indeed. And Capricorn, as mentioned in other postings, is concerned with the responsible use of resources (like money).
I bring this up because of the recent scandal with Bernie Madoff, and now, as reported by the New York Times, more and more of these ponzi schemes are being uncovered:
Some of these schemes have been operating for years, and others are of more recent vintage. But what is causing them to surface now appears to be a combination of a deteriorating economy and heightened skepticism about outsize returns after the revelations about Mr. Madoff. That can scare off new clients and cause longtime investors to demand their money back, which brings the charade tumbling down.
via Troubled Times Bring More Ponzi Inquiries – NYTimes.com.
Back in the early 1990s Pluto entered into Sagittarius- the sign ruling, among other things, religion. During that decade the ugly secrets of the Catholic church came to light; we saw the rise of fundamental extremism (in all religions); and had to witness continued sectarian violence based on differences in religion.
Now Pluto’s scalpel has turned to finance and governments (both ruled by Capricorn). The best advice I can give you is to hold tight, be prepared and stay alert to more stories like this in the news. It may seem as though things are crumbling but remember that without the breaking of a seedling’s shell, or the cracking of an egg, or the splitting of a caterpillar’s cocoon the “new” couldn’t emerge.
