Tough times for the Federal Reserve when Pluto comes calling

The Federal Reserve System was “born” on December 23, 1913 at 6:02 PM. It was formed ostensibly to maintain monetary stability, contain risk and prevent bank and financial failures. In reality it controls money, credit and interest rates. It’s a curious institution in that the common assumption is that it is part of the United States Government, it is not owned by the United States Government, (it is private and nonprofit), but it is subject to The Administrative Procedures Act (1946) a federal law that governs how administrative agencies of the Federal government propose and establish regulations. It has the authority to act on its own without the approval of Congress or the President. The origins of this pseudo federal institution began when a group of bankers under the auspices of Senator Nelson Aldrich (R-RI) left New York in November of 1910, under a cloak of secrecy for a two week sojourn on Jekyll Island, Georgia, an exclusive enclave of the very rich. Beside Senator Aldrich, the head of the National Monetary Commission at the time, included in this group were Henry P. Davison, a Senior Partner at J. P. Morgan, Charles S. Norton, of the First National Bank of NY, Benjamin Strong, personal assistant to J. P. Morgan himself, and Paul Warburg, a German banker. (You know these guys had your best interests at heart right) During their time spent at Jekyll Island they formulated the Aldrich Plan, which later became the Federal Reserve Act which created the Federal Reserve System. The natal horoscope for this entity reflects the secrecy and the hidden power and control the Fed exerts over society. There is a powerful Sun/Pluto opposition, with Pluto, the power broker posited in the 12th house of all that is secret and behind the scenes. There is a wide conjunction in the 1st house of Mars and Neptune opposing Jupiter in the 7th. Any time you find Mars/Neptune and Jupiter involved with money it’s a case of the disappearing dollar, or fraud, or promising more than can be delivered. The Moon, the soul of any entity, is in the money, debt, and interest rate sign of Scorpio. The chart of the Fed has been under stressful planetary transit for some time now. Beginning in January of 2008, transiting Pluto has been battering the Fed’s natal Sun/Pluto opposition. Things really started to heat up around the time of TARP and the great financial meltdown of 2009, the very conditions that the Fed was created to prevent. The fun is not over but will continue through 2010, into 2011 and early 2012. During the spring and summer of 2010 things are really going to get shaken up when transiting Saturn and Uranus enter the picture. The planetary picture between the natal chart of the Fed and the transiting planets form a cross pattern. This pattern is in the Cardinal signs and is reminiscent of the planetary configuration present during the Great Depression of the 1930’s. Now, transiting Pluto is the big dog here, he can destroy and bring you low, to the lowest you have ever been, but in the process of recovery, what is rebuilt is usually much better. When Saturn joins the party, beginning now, November 13th to be exact and through the summer of 2010, the Fed is between a rock and a hard place. Uranus brings the element of surprise, the unexpected and unusual in the spring of 2010. While the analysts, authorities and pundits may predict an economic recovery I would not bet the farm. It doesn’t make me feel warm and fuzzy to know that the current Secretary of the Treasury, Tim Geithner was President of the Federal Reserve Bank of New York before he became Secretary, during TARP, AIG, Goldman Sachs and all that good stuff. Having the fox guard the hen house is a long standing tradition in American government. When the Security and Exchange Commission was created President Franklyn Roosevelt appointed Joseph P. Kennedy Sr. as the first chairman, a master at manipulating the stock market. At any rate, false hope is in the air and it pays to beware, be aware and be careful.