Dear Friend and Reader:
WE’RE NOW AT the beginning of Pluto in Capricorn, an era we’ll be in for the next 16 years. Pluto left Sagittarius on Wednesday, Nov. 26 at 9:50pm EST.
For its swan song, reminiscent of the dying words “Rosebud” by fictional newspaper magnate Charles Foster Kane in Citizen Kane, the last words uttered by the dying Pluto in SagittariusВ seem toВ be: “Too Big to Fail.”
Too big to fail. What an interesting ellipsis used to describe what eventually would become the definition ofВ failure itself, specifically failure by becoming too big. Too big to know what was going on internally, too big to understand there were rules to follow. Too big to believe inВ consequences for taking onВ too much risk in the expectation of larger rewards. Too big to obey the rules.В How Sagittarian.
As Pluto in Sag inches its way into Pluto in Capricorn, we’re bearing witness to the fruits of 15 years of expansion in our financial sector without regulation, accountability or regard to ramifications, leading to “unjustified exuberance,” another definingВ term of these last 15 years. JustВ look at the last week:
On Wednesday, Nov. 19, proposed federal bailouts of US auto makers failed with Republican senators rejecting the Democratic plan and Democratic senators rejecting the Republican plan. The Dow Jones Industrial Average fell sharply by 427.47 points or 5.07 percent, closing below 8,000 points for the first time since March 2003. United States financial stocks led the way with Citigroup showing a 23 percent drop.