Monday, 26 June 2017

Italian Banking – Domino’s Just Started Falling

Last November the mainstream media wrote headlines of impending doom in the Italian banking industry – it made good reading and they weren’t wrong. But now it’s actually arrived there’s something of a media ‘blackout’. The European Central Bank quietly released the information which, has largely gone unreported. The ECB’s press release was entitled “ECB deemed Veneto Banca and Banca Popolare di Vicenza failing or likely to fail” when really it should have read “ECB deemed Veneto Banca and Banca Popolare di Vicenza bankrupt as they are in law unable to pay their debts.” The decision by the ECB came about as a result of lack of capital. The Single Resolution Board (SRB) concluded that conditions for a resolution action were not fulfilled and that the two banks are to be wound up under Italian insolvency procedures.  June 26

In mundane astrology, the active transits among the ten cycles that occur between the outermost five major bodies of the solar system — Jupiter, Saturn, Uranus, Neptune, and Pluto – are considered important when the bodies that make up these cycles arrive at significant angular relationships. The table below gives the dates on which Jupiter-Pluto form an exact square in 2016-17.

Jup (12)      Sqr                 Plu (3)                    25 Nov 2016             15°Li46' D                15°Cp46' D
Jup (1)        Sqr                 Plu (3)                   30 Mar 2017              19°Li17' R                19°Cp17' D
Jup (12)      Sqr                 Plu (3)                      4 Aug 2017             17°Li31' D                17°Cp31' R

During the period identified, there are times when a third faster moving planet triggers the square. Right now, between June 25 and July 2, Mercury and Mars are forming a T with Jupiter-Pluto setting of its meaning. The three references below explain how Jupiter (overextension) interacting with Pluto (finance) can lead to bankruptcy.

Shown here are two charts drawn for Montebelluna Italy, where Veneto Banca has its headquarters. The first chart is for the exact Mars-Jupiter square and the second for Mars opposite Pluto. Notice that both these charts bring the T-square to an alignment with the meridian implying that this is one place where their effect is likely to felt strongly.

No comments:

Post a Comment