Thomas Jefferson is probably rolling in his grave right now. The man who desired limited federal government would be surprised, if he woke as though from a frozen time lock, to find the United States not only had a central bank, but that the President could wage war, without open threat, without approval by congress or any other body in this country.
It’s a bit of a shocker.
Federal Reserve Act
The Federal Reserve Act was passed on December 23, 1913. According to several Internet sites, the time was 6:02 pm, a deliberately late hour. Two days before Christmas, citizens were probably snuggled in their beds with visions of sugar plums dancing in their heads. Then-president Woodrow Wilson wanted to get it done with as little opposition as possible. Makes sense, since the idea of a central bank had been violently debated since our founding.
The horoscope for the Federal Reserve Act places the sun in Capricorn opposite Pluto in Cancer. Since I have the “time of birth,” I know that the sun is in the 6th house with Pluto in the 12th house. Mars and Neptune are in the 1st house in Cancer opposite Jupiter in Capricorn in the 7th.
There is also an opposition of Saturn in Gemini with Mercury and Venus in Sagittarius.
The moon is in Scorpio in the 5th house.
Cancer – Capricorn Polarity
Cancer relates to home and inner emotional state. Capricorn relates to career or reputation and external status. Cancer, ruled by the moon, relates to emotions and Capricorn, ruled by Saturn, relates to control.
The purpose of the Federal Reserve, according to its website, is to conduct monetary policy, regulate banks, maintain the stability of the financial system and provide financial services to the US government.
If that doesn’t sound Capricorn, I don’t know what does.
The Cancer and Capricorn polarity is often viewed as the mother-father polarity with traditional roles attached. Mom is sweet and loving and makes you a nurturing pot of soup when you’re sick. Dad is out “in the world” making money in a corporate job. If you’ve been bad, he will punish you when you get home but generally is fair and espouses his wisdom of the world to you and makes sure you do everything right so you can get into college and get a good job.
In the 1960’s, this polarity was referred to as “the establishment.”
We know that Mom is not always loving, or that her love comes with “strings attached.” That’s a type of control. And Dad is actually trying to nurture you, but he knows what you need to survive in this cruel world so makes you get up from your fall and ignores your tears because you have to learn.
When those around us decide to do things “in our best interest,” they are often adopting the role of the parent. Parent equals control, in both good and bad connotations.
Pluto in Capricorn
Pluto is currently transiting Capricorn and is conjunct the Federal Reserves’ natal sun and opposing its natal Pluto. In other words, the Federal Reserve is through half of a Pluto cycle.
From this transit of the 6th house sun, I suspect the Federal Reserve is in bad health, the kind where it’s hanging by a string.
That the US economy is down, we all know. Pluto will be challenging both the “mothering” and “fathering” of the Federal Reserve. The children will be rebelling.
While Pluto is transiting Capricorn, Uranus is transiting Aries in the Fed’s 10th house, the house of reputation and public persona. Neptune entering Pisces is moving from the Fed’s 8th house to the 9th house. Saturn lingers for another year in Libra, in the Fed’s 4th house.
With all this going on in the chart, I’m quite surprised the Fed has kept a low profile. It appears to be falling apart at the seams. Mommy and Daddy are getting divorced, but they are not telling the children. Dad has been gradually moving his clothes to his new girlfriend’s apartment and mom has been burning dad’s love letters in the fireplace.
With Uranus transiting the midheaven, my guess is there will be a sudden and shocking announcement in the next few years of the Fed changing form. With Arian energy, there seems to be more desire for independence.
Neptune in the 9th suggests foreign involvement. The Federal Reserve is the third central bank of the US. The Second National Bank’s re-charter was vetoed in 1834 by Andrew Jackson. One of his complaints was ownership and subsequent domination by foreigners.
I don’t know enough about the banking system to understand how the current transits might play out, but there is definitely a power struggle going on in the institution of the Federal Reserve. I know, in politics “power struggle” is the sunrise of life in politics. However, I have to guess that power has shifted already in a way that’s not seen. Pluto is in the natal 12th house, the house of secrets.
Pluto will be transiting Capricorn for another 10-12 years. It’s going to be a long haul. My astrological guess is that after this transit, the economy will be more egalitarian as Pluto moves into Aquarius.
If nothing else, don’t hang out at the mailbox looking for credit card offers. I still remember the day when I got up to five offers a day. Those days are definitely over.
The Horoscope of the Federal Reserve by Bill Meridian.