Astrology, History and the Winter Solstice: Our Christmas Traditions

Santa Mistletoe

Our growth as a species was influenced in part by our observation of the cycles of the Sun and the Moon. Our Christmas traditions, the Christmas Tree, Mistletoe, Santa coming down the chimney go back our ancient roots. Wikipedia reports the Christmas Tree was a tradition tied to the Winter Solistice as far back as the Chaldean culture.

From Wikipedia:

“In the Chaldean custom, Tammuz, son of the sun god Nimrod and the virgin mother Semiramus, was known as Zero-Ashta, “The seed of the woman,” and also Ignigena, or “born of the fire”. At the time of the winter solstice, the past sun god would die, his branches stripped from him – and one piece, the seed, would enter the fire on “Mother-night” as a log. The next morning, the new triumphant sun god was born from the fire as a tree, the “Branch of God”, who was celebrated for bringing divine gifts to men.

In the Bible, Jeremiah the prophet admonishes those who dare to erect such a pagan artifact: “Thus saith the Lord, learn not the way of the heathen…For the customs of the people are vain; for one cutteth a tree out of the forest, the work of the hands of the workman, with the axe. They deck it with silver and gold; they fasten it with nails and with hammers, that it move not.” (Jeremiah 10:2-6)” Continue reading →

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Weekly Horoscope Forecast: Almost Lucky

Weekly ForecastFor December 16 to December 22

The Sun in Sagittarius is winding down its travels through the zodiac sign of the Archer making friendly energetic connections with relationship oriented Saturn in Libra, the planet of glamour Neptune and the planet of prophetic visions Chiron. Maybe we are looking through rose-colored glasses this holiday season. Because of the economic down trend (read economic depression) many, many people have less and are living a downsized lifestyle. But the losses have happened, adjustments made, the banks and credit card companies paid off and all that is left to do is solidify our positions and try to make ourselves stable again. Maybe its because we’ve been through the worst, we are feeling that we are OK where we are right now, so at least lets enjoy our families. It’s a time where we feel almost lucky.

The day of the winter solstice, four days before Christmas features a basalmic moon in Scorpio. Due the presence of Pluto in Capricorn in early degrees this year we’ve spent the year dredging though issues of financial security. The markets have been (overall) horrible and over ten percent of the people who want to work can’t find jobs. Since Pluto is the modern ruler of Scorpio, we are finishing up sorting through the muck and mire of why things are the way they are. There is a sense we should put a period on the whole ugly mess and find ways to move on. But because Scorpio is a private zodiac sign this is an internal not an external process. Still it seems a healthy way to wind down 2011 and prepare for 2012. Mars in Virgo supports this moon, so expect to spend a lot of activity tiding up your affairs in preparation for Christmas and the New Year.

Aries–The ram always has itchy feet, ready to split town on a moment’s notice. Many of you will get your wish this year, as you head out to spend some quality time with the folks. Resist the urge to spend so much time with your hometown buddies. Your loved ones want to see you too.

Taurus–You’ve had a pretty good year Taurus, though curiously around the holidays you are feeling you are missing something. Its not that you aren’t getting enough from other people, dear Bull, but that you need to spread around the bounties the Universe has shared with you with others. When that happens you’ll feel more in tune with season.

Gemini–Home for the holidays! Yes! Happy about it, no! Gemini you love a good party but you simply put too much into it to enjoy it. Slow down, don’t expect everything to be perfect and enjoy the people you have around it. If all else fails, a good shot of rum in the eggnog helps.

Cancer–There is nothing you love better than to spend time with your family. However, everyone seems to be too busy to rushing around to spend some quality time with you. Worries about finances dampen your mood as well. Remember, its not what you spend but the thought you put into the gift that counts. And at that Crab you are aces!

Leo–Your extravagant nature may get you into trouble as an expansive mood leads you to spread that plastic around a little too much. You love your family and your friends and you are truly grateful they are in your life. So show them that by spending time rather than your money on them. (Everyone really does understand that Santa had to scale down his operations this year.)

Virgo–You start this week off in a flurry of holiday activity, but of course, you overdo it and are left feeling overwhelmed, cranky and exhausted. Break up what is left to do into small tasks and prioritize the “must dos” from the “that would be nice” jobs. This holiday is meant to be fun, but it will do you or others no good to have you laying wasted on the couch with the flu while others open their presents.

Libra–Is that you yearning for independence? Does relationship king or queen desire to have your own space? What has happened? Has the world ended? No, dear Libra. Its just the Universes way of helping you create balance in your life. Don’t think of this as a time lacking something, but as a time to create more of what fits your life now.

Scorpio–Where you are home for the holidays or keeping some special holiday plans, life right now seems pretty sweet for the Scorpion. You’ve worked hard for the past year, and things haven’t gone your way for much of it but now at least you feel like you’ve wrapped up some important items and now is the time to party. Do so! (Responsibly.)

Sagittarius–It’s just no surprise that the party animal of the Universe arranges to have his or her birthday smack dab in the middle of holiday season. And don’t you like to spread that holiday cheer! Holiday shopping lands you in the middle of electronics departments with charge card in hand. Restrain yourself from wilder, more pricey purchases if at all possible.

Capricorn–Review your investments and downsize the riskier ones. The planet of money, Venus, heads into wild and wooly Aquarius December 21 so that string of good luck you’ve enjoyed lately is not likely to last for you. Investing in and giving gifts made of silver and precious stones strikes the right note this holiday week.

Aquarius–2011 sucked for you and you know it, despite the New Age platitudes you love to spout. However, things have turned turn way again, with your ruling planet, Uranus, moving in a zodiac sign friendly to you and the planet of money moving into your sign. Asks friend in the know the best way to handle practical matters as you are too busy dreaming new dreams to think on a practical track.

Pisces–What can I say, Pisces. This season just drains you. With all the rushing about and trying to nail down things that need to be done, your battery is all out of energy. You are just going to have to let it go, Pisces, and find your way back into the flow. When people ask what you want to Christmas (because no one knows what you’ll like at any given moment) ask for gift certificates for massage sessions. In the meantime, good long soaks in the tub eases frayed nerves.

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Neolithic Mythology, Saturn, & the Winter Solstice

Saturn with the baby New Year

The Saturn Myth

The day that Sun slides into the sign of Capricorn is the day that is celebrated as the Yule, the symbolic rebirth of the sun god. Many myths and legends surround this day, this solstice a rallying point for pagan and Christian beliefs. Digging deep into the lore of Neolithic peoples, our direct ancestors, is the story of Saturn, the planetary ruler of the sign of Capricorn. The primordial god, Uranus, ruled the earth, with the Earth Mother as his consort. Uranus was a god of instinct, his actions ruled by his passions rather than reason and in fear. Though Uranus came every night and covered the earth, mating with her, he hated the children she bore him. He imprisoned his children in the earth where they caused Gaia pain. Gaia fashioned a sickle from flint and begged her sons to attack their father. Only one, Saturn, would agree to help his mother in her plot. This flint sickle was a powerful symbol of the harvest tool utilized by our agrarian ancestors.Saturn attacked his father with the sickle and castrated him, stealing his procreative power thus transferring it to himself.

This coup of Saturn with his sickle represents a shift from living instinctually with the earth, as nomadic hunter-gatherers to working the earth in settled agricultural communities. It also signaled a shift from bicameral awareness, where our early human ancestors perceived their own thoughts as promptings from the gods, to the type of individualized self-awareness that we have now. This complex process necessitated the development of a framework in which society could work. Where before as hunter-gatherers individuals worked for survival as part of groups, as farmers, humans evolved the need to retain the cohesiveness of community while assuring the autonomy of individual action. Thus traditions, how things were always done, became important, as well responsibility and duty to family and community. All of these are Saturn themes.

Celtic Mythology of the Solstice

The entrance of the Sun into the sign rule by Saturn had a special significance to the ancient Celts.

In the Celtic lunar calendar this event happens at the end of the Month of Elder, called Ruis (sounds like “r’ uhish”).

Solar events, signifying the masculine and lunar events corresponding to the feminine principle had equal importance in the complex mythology of the Celts. The day before the ingress signified the death of the old Sun, which then became the prisoner of the King of the Underworld. The New Sun was born on December 22 as the child of the goddess Ceridwen, the goddess of wisdom. The Sun was regarded as the son of Ceridwen, and the God Celi, an incomprehensible spirit from whom all life came.

Another story of Ceridwen runs concurrent with the story of the birth of the Sun, which reveals more of the underlying meaning of the birth of the sacred child at the winter solstice.

Cerwiden by Christopher Williams

Cerwiden by Christopher Williams

Part of Ceridwen’s story goes like this:

“Ceridwen had a magical cauldron that could make a potion granting wisdom. The mixture had to be cooked for a year and a day. Morda, a blind man, tended the fire beneath the cauldron, while Gwion, a young boy, stirred the concoction. The first three drops of liquid from this cauldron gave wisdom; the rest was a fatal poison. Three hot drops spilled onto Gwion’s hand as he stirred, burning him. He instinctively put his hand in his mouth, and instantly gained great wisdom and knowledge.

Ceridwen chased Gwion. He turned himself into a rabbit. She became a dog. He became a fish and jumped into a river. She turned into an otter. He turned into a bird; she became a hawk. Finally, he turned into a single grain of corn. She then became a hen and ate him. When Ceridwen became pregnant, she knew it was Gwion and resolved to kill the child when he was born. However, when he was born, he was so beautiful that she couldn’t do it. She threw him in the ocean instead, sewing him inside a bag of sealskin. The child did not die, but was rescued on a British shore by a Celtic prince named Elffin; the reborn infant grew to became the legendary bard Taliesin.”

Gwion represents the non-initiated soul, one, who in the service of the Goddess of Wisdom, is reborn as a “divine child replete with knowledge”. It suggests that wisdom is ultimately received from an acceptance of feminine knowledge of the divine essence of the cycle of life.

The divine child remains hidden from us, however, until December 24, the first day of the new lunar calendar of the year. The time during the divine child’s birth and this day is known to the Celts as the nameless day. This day that falls outside the thirteen sign, twenty-eight day dichotomy of the lunar calendar. It is sacred to the Queen of the Underworld, Arianhod. It represents the part of feminine wisdom that always remains concealed.

Helena Paterson, author of “The Celtic Lunar Zodiac” says of people born on this day:

People born on this ‘nameless day’ have a cosmic spiritual awareness-time travelers, akin to Australian Aborigines whose dreamtime reflects an evolving creation and creator.

The dark was considered the time of seeding, while the light was time when new growth emerged and matured. For the solar cycle the solstice points and the midpoints of the solstice points were considered important. While each of the midpoints of the solstice was considered part of the cycle of female fertility, the solstice points were celebrations of the cycle of death and rebirth of the male Sun god. The male Sun god carried great responsibility, for it was his light and his vitality that ensured the continuance of the community. At the autumn equinox the sun god symbolically passed into the underworld where he waited until the Celtic New Year, that which we know as Halloween, to couple with goddess of the underworld to seed the New Year. Yule is the triumph of the light over the dark when the male Sun god is reborn as a child of the great goddess to grow, mature and carry on his work of insuring the fertility of human activity upon the earth.

More than the shortest day of the year, the Winter Solstice marks the time of the revelation of the timeless nature of the cycles of life. It tells the story of rebirth of the human spirit, the archetypal spiritual acolyte in all of us, to seek the lessons and the wisdom of the year to come.

Saturn image published under a Creative Commons license from Flickr.

Image of Cerwiden published under a Creative Commons license from Wikipedia.

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Celebrity Astrology: Kim Kardashian’s Happily Ever After

After just 72 days into her “fairytale wedding”, Kim Kardashian filed for divorce October 31, 2011 from basketball star Kris Humphries, citing irreconcilable differences. On December 1, 2011 Kris Humphries responded with a petition for annulment of the marriage based on fraud.

Sources very close to Kris Humphries tell TMZ … Kris is gunning for an annulment based on fraud because he feels “he was just slotted in the plot line of Kim Kardashian’s latest headline and newest business venture.”

We’re told Kris believes Kim never intended to stay married to him, but needed a groom to fuel ratings for her show. One source says, “Once they were finished taping, she just didn’t need a groom anymore.”

Similar stories have cropped up. Continue reading →

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A Mercury Retrograde Story: The Pilgrim’s Journey and Thanksgiving

In honor of both Thanksgiving and Mercury Retrograde here is last year’s post on the astrology of Thanksgiving.

"The First Thanksgiving at Plymouth" By Jennie A. Brownscombe.

"The First Thanksgiving at Plymouth" By Jennie A. Brownscombe.

Their charter wasn’t the charter for the area they settled. Setbacks and delays marked the start of the journey. Eventually the government of England revoked that charter and their colony was merged into Massachusetts Bay colony, a colony established after theirs. We are talking about the Pilgrims here folks, the people that inspired our Thanksgiving celebration. And who do you think the astrological culprit here is, folks? We’ll get to that in a minute. First, some back-story.

The folks who landed and settled Plymouth, MA, and who we call pilgrims in actuality were religious rebels who outwardly criticized Queen Elizabeth the First for trying to unite England under one religion. For Elizabeth, this uniformity was a political necessity as fractious civil wars between Catholics and Protestants (in our terminology) nearly tore apart the country prior to her reign. Though the Puritan’s religious beliefs were an offshoot of Protestantism, the Puritan’s civil disobedience was a wound to Elizabeth’s attempt to restore order in a country bleeding from the disputes of the past. As a result of the censure of their actions many members fled to Holland and eventually settled in Leyden, Netherlands which was much more religiously tolerant than England. However, though they lived there for a little over a decade, they became increasingly uncomfortable with the local culture, considering the Dutch “libertine” and with their children’s assimilation of Dutch culture. The Puritans decided it was time to leave the Netherlands, but where to go was the question.

On July 29, 1619 an English government patent was issued to John Wincob for a colony to be established at the northern borders Virginia colony but negotiations with the London Company over the territory to be settled stalled. In February of 1620 a London merchant, Tom Weston, approached the Leyden refugees with offers of funding the new settlement with the backing of seventy other merchants with assurances he could resolve the difficulties with the London Company. One John Pierce got involved and all of sudden the new colony was to be settled at the mouth of the Hudson River.

(read more–>)

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ASC November Lecture: Maria Kay Simms & Your Progressed Lunar Phase Cycle

Maria Kay Simms

Maria Kay Simms

(Astrology Explored) On Thursday, November 17, 2011 
Maria Kay Simms will give a lecture titled “Moon’s Tides, Soul, Passages – the Power of Your Progressed Lunar Phase Cycle” for the Astrological Society of Connecticut at the Keeney Center, 200 Main Street, Wethersfield, CT.

The cycles of the moon have guided mankind from our earliest beginnings. The brightest light in the sky, its regular changes from waxing to waning marked the passage of time and eventually was associated with seasons and the activities of hunting and agriculture. Astrologers have expanded the meaning of the moon with the use of of many techniques, one of them called Secondary Progressions which marks the evolution of your emotion and intuitive senses during your lifetime.

During this lecture Maria Kay will explore how the Moon’s 9-fold phase cycle, her signs, elements and modes reflect your essential self, the season of your life and passages of soul. Ms. Simms will utilize a Power Point slide show designed to evoke intuitive understanding of the Moon’s signs and phases. You’ll see visuals from art, nature and seasonal cycles that are the basis for our major holidays. Continue reading →

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Astrological Society of Connecticut November New Age Fair

Astrological Society of Connecticut Logo (Astrology Explored) Mark your calendar for Sunday, November 20, 2011. It’s time for another great Astrological Society of Connecticut New Age Fair!

Come to the Keeney Center, 200 Main St., Wethersfield, between 10:00 am and 4:00 pm to enjoy a wide variety of new age items and services like aura photography, herbs, candles, books, crystals, CDs, foot reflexology, reiki and massage.

Astrology Reading at the ASC New Age FairThe most popular feature of the New Age Fair is the readings available from a varied selection of practitioners. Choose among psychic, medium, palmistry angel card, psychometry, past life, tarot and astrology readers. Readings are 20-minutes in length for $20.

Featured are free lectures on a variety of New Age subjects at 11 am, noon, 1, 2 and 3 pm.

New Age Fair Speakers – Sunday, November 20, 2011

11:00 a.m. Palmistry as an aid to understanding communication and love – Adam Latin
In this class we will look at the lines in the palm and identify how a person communicates and also receives love. Each person communicates in their own unique way but there are patterns and lines in the palm that help guide one away or another from a particular style of communication. Please bring a notebook or recorder as we will be covering quite a bit of information. I will be answering questions at the end of the class as time allows.

Adam has been a healing/helping professional since 2001. He’s a licensed massage therapist, Reiki Master, intuitive, mystic and teacher. In his intuitive practice he primarily uses palms and cards. He has studied with a wide range of spiritual and metaphysical teachers. You can reach him at 860-805-0482 or email adamjlatin@aol.com and he website is www.hopehealsall.com

12:00 p.m. Ready or Not – Here Comes 2012 – Janet Booth

Planets present plenty of challenges, which we can meet better when we know what we’re up against. The current theme is: the status quo has got to go! This applies on the collective as well as individual level. Find out how astrology can help you prepare for 2012.

A professional astrologer since 1979, Janet Booth (www.AstrologyBooth.com) has been published in The Mountain Astrologer, lectures nationwide, writes Janet’s Plan-its astrology calendars and hosts Looking Up on West Hartford cable TV (online at WHCTV.org). She’s a long-time member and former president of the ASC.

1:00 p.m. Life Patterns and how to get UNSTUCK – Karen Hollis
In this lecture Karen will discuss parts of her book that will be published next year: The Way of Tarot: Discover Your Life Patterns, Get Unstuck & Find Your Way to Happiness!

Chosen attendees will be allowed to pull (1) Tarot Card, and (2) Cards from a regular deck of cards to identify what might be keeping them stuck in one of eight life patterns Come learn The Way of Tarot!

Karen Hollis is a clairaudient medium and professional intuitive with 25 years experience. She is a sought-after Master Tarot Reader whose clientele come from around the world. Karen is lead psychic medium investigator with Ghosts of New England Research Society. She sees clients in her office in Connecticut or by telephone.

2:00 p.m. Strong Bones for Life – Carmen Ciarcia Catalano
Carmen will discuss the meridians in Traditional Chinese Medicine, and the movement of Qi within the body. She will discuss the typical western causes of Osteoporosis as well as treatments, and the Traditional Chinese Medicine causes and treatments.

Carmen is a licensed acupuncturist, and holds a Diplomate in Oriental Medicine having graduated from New York College for Health Professions in 1999. She has been in private practice since 1999 in Cromwell. Carmen also service on the medical staff of Hartford Hospital, and is a teacher (preceptor) of family medicine at Middlesex Hospital’s integrative medicine program. Her office is at 75 Berlin Rd, Cromwell, 860-613-0030 or email her at tcm1doc@aol.com

3:00 p.m. Crystal and Gemstone Healing for Animals – Donna Velardi
This class will give you the opportunity to enhance your relationship with your pet through a different perspective. You will learn about gemstone and crystal energies and how they can affect and benefit animals. Discussion of the animal’s chakras and the gem that corresponds with each and how to balance the chakra. You will also learn how to do a gemstone and crystal healing layout for animals. Several animal problems such as abuse, trauma, allergies, bereavement & stress will be discussed.
Donna Velardi is a gifted intuitive, animal communicator and certified animal massage therapist and has owned and operated Zodiapet for over 12 years. She received her certification in Animal massage therapy from Integrated Touch Therapy in Ohio. She is currently becoming a certified Life Coach. She is also a Reiki practitioner. Donna Velardi offers seminars and workshops on various metaphysical topics and has has written numerous articles for various publications. She can be contacted at 203-387-9738 or email: petastrologer@yahoo.com

Other Activities

Delve into the study of the stars at a Basics of Astrology class at 1 pm. It lasts 90 minutes and costs just $15, which includes your chart and a coupon for $5 off an astrology reading at the fair.

Admission

Admission is free and so is the parking. If the Keeney lot is full, try the public parking lot behind the fire station at 171 Main St. Families are welcome

For more information you can call the ASC InfoLine at 860-568-8617 or find us online at http://www.myASC.org.

The Astrological Society of Connecticut is one of the largest and most active local astrological organizations in the United States dedicated to educating people interested in astrology, sponsoring lectures, workshops, fund-raising fairs, and social activities.
The ASC is a 501(c)3 non-profit organization.
Contributions are tax-deductible.

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Astrology, Power Outages and CL&P: CT customers left in the cold

Emergency Shelter Sign in CT for October 30 Snowstorm

(Astrology Explored) Eight days into the massive power loss experienced in Connecticut Light and Power missed its deadline of restoring 99% of the service to its customers leaving over 52,000 homes and businesses without power in the cold and the dark. CL&P now promises 100% power restoration by Wednesday.

Though CL&P picked up the paced of the restorations after the initial criticisms of how the power company was handling the crisis, this is cold comfort to the thousands that continue to sleep in homes with heat in temperatures dropping to below freezing each night, while the food in their freezers spoil and those that do have fireplaces or wood stoves scrounge for wood to burn at night. Continue reading →

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Horary Astrology at the Astrological Society of Connecticut

Gilbert NavarroHorary astrologer Gilbert Navarro will give a lecture and a workshop on the art of horary astrology for the Astrological Society of Connecticut. The lecture will be on Thursday, October 20th at 7:00 PM. The workshop will be held Saturday on October 22, 2011.

Horary astrology, the astrology of a question is a practice that developed in the Middle Ages. Rich with the traditions of ancient astrologers it is steeped with methods that are unfamiliar to many modern astrologers. This ancient practice, however, has re-emerged as an active and vital branch in astrology.

Gilbert Navarro will discuss his beginnings as an astrologer and his relationship with noted horary practioneer Mrs. Ivy M. Goldstein-Jacobson. He will touch on how Natal Astrology and Progressions led him to information about his life. He will discuss the first question he asked Mrs. Jacobson and the event chart, 28 years later that proved the question’s accuracy.

Workshop: Saturday, October 22, 2011 10:00 AM-5:00 PM
Gilbert Navarro – A Day of Horary Astrology
 Fisk Hall, Wesleyan University, Middletown, CT

Register Online

This discussion of Horary Astrology includes: the houses, how they affect the question, how they affect the aspects, when to increase or narrow the orb, the Solstice Points and the difference between the chart and all the aspects the Moon will make while in the sign she occupies. He will touch on Arabian Parts, especially the Part-of-Fortune. Why he uses the Mean Nodes, not the True Nodes. During the workshop audience questions will illustrate things in both natal and horary astrology. All horary charts used will be from clients where the outcome is known. A workbook will be furnished to attendees.



Gilbert Navarro has been a professional astrologer for 40 years. He was educated in natal and horary astrology by Ivy M. Goldstein-Jacobson. He is the creator of the Gilbert Navarro Course in Horary Astrology with students throughout the world. Gilbert was co-creator with Mary E. Shea of the Good Days Action Planning Guide. www.navarroastrology.com

The Astrological Society of Connecticut is a 501(c) 3 non-profit organization; one of the largest and most active local astrological organizations in the United States, it is dedicated to educating people interested in astrology, sponsoring lectures, workshops, fund-raising fairs, and social activities.
The lecture is free to ASC members, $10 for the general public. A pre-lecture for $5 will be held a 6:00 PM explaining the general terms and principles of the upcoming lecture. The workshop is $40 for members, $50 for non-members. For more information visit the ASC webpage at www.myasc.org.

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The astrology of finance: Bank of America to go bankrupt?

Bank of America Crime SceneDire warnings of the Bank of America, America’s largest bank by assets, being on the edge of bankruptcy cycle through the news media like scavenger birds circling over a dying calf as BOA suffers day after day of not actual banking losses but stock market losses.

Listen to what this analyst has to say:

Bank of America has over $100 billion in mortgage liabilities, says Chris Whalen Co-founder of Institutional Risk Analytics.

On a web broadcast published on KingWorldNews, he advocates “the classical American way of dealing with this problem”– complete and total restructuring through Chapter 11. Before its too late.

He says, “The only sane way of fixing this and I mean fix it so that Bank of America comes out of the process restructured, ready to support growth, support leverage, is a classic chapter 11…”

His point: Countrywide’s bond trusts are worthless, were never properly constructed, and don’t protect investors at all. Bank of America is on the hook for all of that, and while its subsidiaries are well capitalized, the parent company is bust. The only thing to do to fix this problem is to unmake $100s of billions worth of bond contracts.

While the American people have been fed the line that the current economic crisis was caused by large number of homeowners defaulting on their loans, the truth is much more insidious:

If you’re thinking that our economic crisis was in some way the fault of homeowners who couldn’t afford their mortgages, please consider the following:

At the end of 2007, there were roughly $1.4 trillion in sub-prime mortgages in this country.

If “irresponsible sub-prime borrowers,” caused the meltdown, then $1.4 trillion would have solved the problem in its entirety, right? Because that’s all the sub-prime loans there were.

But, between the Federal Reserve, the FDIC and the Treasury over $13 trillion has been pumped into financial institutions to fix the “housing correction,” which is what Hank Paulson was still calling our economic collapse as of November of 2008.

At the end of 2008, there were $11.9 trillion worth of mortgages in this country. So, with $13 trillion, the government could have paid off every single one… and still had a little over a trillion dollars left over.

But there’s a lot more to the economic problem than that, explains Nomi Prins, my new favorite financial uber-genius and author of “It takes a Pillage.” Wall Street had been playing the leverage game… somewhat like they did in the 1920s, I suppose… but on mega-steroids. Leverage means borrowing on assets, and Wall Street banks were leveraged by 30:1, commercial banks by 10:1, not including their “off-the-balance-sheet” holdings, which could make their leverage ratio significantly higher in many cases.

So… in “Pillage,” Nomi Prins explains in terms anyone can understand that factoring in the leverage at 11:1, we’re looking at a $140 TRILLION economic problem… yes, you read that correctly… that’s trillion, with a ‘T’. Our Wall Street bankers, through the abuse of the securitization process and excessive amounts of leverage, created a potential tab of $140 TRILLION for the people of this country to pick up.

If you have to read that again, go ahead, I’ll wait. Because it bears re-reading.

Now do you have the scope of the problem? When we bailed out the banks we weren’t bailing out the sub-prime mortgage market. We were bailing out Wall Street from the defective securities products they created out of the sub-prime market.

And even as the banks abused the bail-out process they continued to abuse their customers.

“Earlier this year the Federal Reserve determined that the interchange fees Visa and MasterCard fix for big banks grossly exceed the cost of processing a debit card transaction by some 400%. These hidden fees were designed to boost big-bank profits by charging small businesses and merchants every time a debit card was swiped. And profit they did. Bank of America hauls in billions in debit interchange each year.”

The Durbin Amendment reigned in that dog and pony show starting October 1, 2011 and as a result BOA announced a new monthly fee to take effect for anyone using their debit card to make purchases.

So is Bank of America really on the hooks as the analyst says and needs a bankruptcy to restructure their debts?

Bank of America operates under the banking charter issued to its originating bank, the Bank of Italy, founded in San Francisco, CA in 1904 by Armadeo Giannini. This charter was granted on March 1, 1927. While we do not have an official time, I set the time at 9:00 AM, the start of the business day, a practice I’ve personally found useful in evaluating businesses, though this is not a standard astrological practice. The location is set in San Francisco, as this is where Mr. Giannini started his bank.

This charter to operate as a bank was set when the Sun was conjunct Jupiter in the sign of Pisces. This Jupiter/Sun combo squares Mars in Gemini and Saturn in Sagitarrius. Mercury, the planet of commerce as well as communication makes a stress aspect (inconjunct) to Neptune. Can it be fair to say that this entity is not entirely above board in its business dealings? If we were to evaluate this as the chart of a person, we might say that this is a person who talks out both sides of their mouth. And with the Sun/Jupiter combo making a trine to the planet of power and control, this is one entity that has no problem keeping on top of a situation.

As far as transits go, Chiron/Neptune is just beginning a long slow transit of the Sun/Jupiter natal combination, and with the planet of abundance, Jupiter making a friendly energetic connection to that combo and a trine to Pluto BOA is considering bankruptcy as an option. But if it does proceed with that option it is isn’t because they need to reorganize their debt but because they want to. Because in the long run it makes a better balance sheet to tell investors, “So sorry we aren’t able to pay you.” Because it gives a really good excuse to layoff more employees. And those employee pension funds are just too juicy to ignore since pension funds magically disappear during a reorganization. (I guess not having to pay taxes on receipts of investments in pension funds just isn’t enough incentive anymore.) And once again big business can stick it to their customers and the people who labor for them in the interests of short term gains.

Bank of America Financial Horoscope

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