With inflation plaguing the economy as the U.S. dollar is increasingly being sidelined in international trade, potentially even at risk of losing its status as the global reserve currency, lawmakers in Washington and state capitals are touting gold and precious metals as the solution. Aug. 23 https://www.zerohedge.com/political/efforts-protect-us-intensify-amid-global-shift-dollar
Below is an extract from two earlier posts [1] [2] in which I discussed the chart for the birth of the fiat dollar.
The unilateral change in policy was made on 15 August 1971. The President spoke at 9 p.m. in the Oval Office at the White House. His address was broadcast live on radio and television. On that day, the Federal Reserve shut its "gold window," meaning foreign governments could no longer trade gold for dollars at the fixed rate of $35 an ounce. The Bretton Woods system officially ended and the dollar became fully "fiat currency," backed by nothing but the promise of the federal government.
A horoscope drawn for 15 August 1971; 9 pm; Washington DC can, therefore, serve as the chart for the fiat dollar. Progressing the chart to the current period using Primary Directions, we have progressed MC conjunct radix Pluto [28vi]. Transit Neptune [27pi] is currently opposite radix Pluto.
Pluto [28vi] is conjunct the star Alkaid (Benetnasch) about which Nick Fiorenza writes:
Benetnasch articulates those who tend to act as manipulating and controlling godheads, which perpetuates a dogmatic societal structure that keeps individuals from becoming self-responsible, and from evolving into their own self-mastery. It is of leadership that dictates what is right for people.
Since fiat money is not a scarce or fixed resource like gold, central banks have much greater control over its supply, which gives them the power to manage economic variables such as credit supply, liquidity, interest rates, and money velocity. Economists recognize that fiat money allows complete fiscal irresponsibility and is the primary cause of the huge US debt that is now unpayable.
Radix Pluto in the Nixon Shock chart is conjunct the precession corrected Sibly Neptune [25vi] within just 3 degrees and also receiving an opposition from transit Neptune. About this conjunction, Robert Hand writes:
This transit signifies a period of very deep inward transformation that will be reflected in changed ideals, goals and many other aspects of your world view...You will find it necessary to question very deeply many beliefs you have held as a matter of course all your life. You may become disoriented as you discover that you have been living under illusions.
Going further we notice that Pluto [28vi] is conjunct the centaur Elatus [25vi] and the asteroid Sisyphus [28vi].
About the centaur Elatus, Benjamin Adamah in his book Centaurs, Damocloids and SDOs writes:
The primary and most spontaneous action emanating from Elatus is that of the usually enthusiastic smooth operator, who operates in a way that is usually perceived as pleasurable and enjoyable but who eventually makes a mess of everything. Projects or deals are not well thought out, not well prepared. The inner core process of someone with a problematic Elatus can be be summarized by “Get real!”.
Pluto/Sisyphus
After the castle crumbles, a person needs to lick their wounds, stand up, and get on with "it."
(Martha Wescott)
Finally here is the current Sibly solar return (precession corrected). Notice the powerful Pluto-Nodes T-square straddling the horizon axis. Astrologers connect Pluto with debt and for Pluto-Node, Ebertin has “the tragic destiny of large mass of people”. So is the tragic destiny connected to the now unpayable debt?
Also here the defining aspect is the Haumea [29li] square Pluto [29cp]. About the newly discovered dwarf planet Haumea, Nick Fiorenza writes:
Haumea motivates action to reorient destructive use of power...to intercede with strength and dynamic motion from a state of equilibrium and poise to create a new and wholistic birth in consciousness, and to express a new level of awareness about what is truly life supportive.
Do we see the desire to return to the “gold standard” as life supportive?
[1] August 15, 1971: A Date Which Has Lived In Infamy https://tinyurl.com/225mwmf5
[2] A Look Back at Nixon’s Infamous Monetary Decision https://tinyurl.com/sjx6wsy9
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