Raghuram
Rajan, the governor of the Reserve Bank of India (RBI), announced on Saturday
evening that he would not serve a second term, and instead return to his
teaching job at the University of Chicago. Economic analyst Vivek Kaul explains
why Mr Rajan may have been under pressure to quit. http://www.bbc.com/news/world-asia-india-36573415
Raghuram Govind Rajan (born 3 February 1963) is
currently serving as the 23rd Governor of the Reserve Bank of India. He was
chief economist at the International Monetary Fund from 2003 to 2007, the
youngest to occupy the position. He was a professor of finance at the
University of Chicago Booth School of Business from 1991 to 2013, when he went
on public service leave. At the Federal Reserve annual Jackson Hole conference
in 2005, Rajan warned about the growing risks in the financial system and
proposed policies that would reduce such risks. Former U.S. Treasury Secretary
Lawrence Summers called the warnings “misguided” and Rajan himself a
"luddite". However, following the 2008 economic crisis, Rajan's views
came to be seen as prescient and he was extensively interviewed for the
Oscar-winning documentary Inside Job (2010) https://en.wikipedia.org/wiki/Raghuram_Rajan
In this post we will see how Rajan has fulfilled the
challenges presented by his stars. A noon horoscope for his date of birth is
shown here. It carries a powerful T-square containing Sun-Saturn-Neptune-Mars.
The Sun-Saturn conjunction in Aquarius, a sign ruled by Saturn, makes him a
realist. The square to Neptune became the reason why the practical, level
headed Saturnian was constantly warning against bubble schemes, fancy ideas and
delusions that Neptune is famous for. The 2008 economic crisis came after a
long Saturn-Neptunian opposition in 2006-07.
But here we will focus on the star Dubhe [15le] conjunct his
radix Mars [15le] which is part of the T-square. The following extract from Nick Fiorenza
explains the challenge presented by this star which Rajan appears to have lived
out complelety.
There are times to
unconditionally accept what has become and there are times to creatively act to
manifest the beauty destined to become.
Dubhe, Alpha Ursa Major, and
Merak, Beta Ursa Major, are the two brightest stars of the Big Bear (Big
Dipper). The stars of the Great Bear represent primary forces in the world that
are articulated by the governing world powers. The theme of the great Bear is
torn. Part of the Bear is of the fallen world powers, those of a totalitarian,
controlling oppressive rule. Dubhe and Merak are of the integrous part of the
Great Bear, of that which is oriented toward a greater vision, for that which
is truly nourishing for humanity.
Dubhe embodies the
"willingness to fight for a greater vision" beyond the accepted
political-religious dogmas of the human world that keep humanity in darkness
and delusion, and against the controlling global forces perpetuating that
dogmatic rule.
Interestingly,
Rajan’s resignation takes place exactly on the second of the Saturn-Neptune
squares on June 18. A chart for the exact square at Delhi, has Rajan’s radix
Mars on the Ascendant and his Sun-Saturn on the descendant as if singling him
for having lived out the challenge of the star Dubhe. Mercury is forming an
opposition to Saturn, a combination we have in the past associated with the
phrase “saying (Mercury) goodbye (Saturn)”.
Finally,
the meaning of the star Antares which is conjunct Saturn [11sa] explains the
reason for Rajan’s departure.
Antares demands we take
responsibility for our reality, for the lives we create, and "take a
stand" for our truth, live it, and especially to take a stand against the
established conditions of our personal lives and against the established order
or authority directing our lives when those conditions or that authority are no
longer in our best interest nor supporting our evolutionary freedom and
greatest fulfillment.
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