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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