Friday, 25 May 2018

How Woodrow Wilson created the US debt




I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world - no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.- Woodrow Wilson


In his blogpost [1], the author explains Woodrow Wilson’s Folly.  During his tenure the national debt increased  27X. That’s right. As of 1914 the public debt was just $1 billion or $11 per capita and amounted to less than 2% of GDP – a level which had been maintained since the Battle of Gettysburg. But by the end of 1919, the public debt had mushroomed to $27 billion, including upwards of $10 billion re-loaned to the allies to enable them to continue the war.





Look at the US Sibly and we have a perfect explanation for what was happening. Between 1914-19, Pluto was transiting over the Venus-Jupiter conjunction in the 8th house. This is the house connected with national debt.  Jupiter is the planet of excess. When it interacts with Pluto, the planet of debt, the possibility of indulging is easy money borrowed from others becomes very high.




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