Dubai is the capitol of the United Arab Emirates (there are seven of them), and does not have its own chart. (Here are the charts, bigger. The thing in the ascendant of the main chart would be Pholus.) Apparently it functions with its own credit report, as it were. The floor is open for comments on these charts, and on the Dubai situation in general. The big news being that Thursday, we learned that it would be defaulting on $59 billion in loans, sending tremors through the world financial markets. Stealing a line from The Onion, what do you think?
Note, there is a conversation about “what is a Quotidian Q2 progression?” on the page with the larger-sized charts. -ef
Good catch, Shanna. This is certainly a case for the influence of Juno in a progressed chart, and wild that Dubai is in a marriage with the other six Emirates.
Note that the Sun is doing all the applying in this chart: to Juno, to Uranus, to Nessus. And the Moon, which advances *one degree per month*, will be moving right into the configuration in just three months, while the Sun, Juno and all are still partile (vis, in exact aspect to the degree).
The Moon is an important timing factor in secondary progressions, and this chart will take a big step right around the day that the Moon makes that square to the Sun and the conjunction to Juno. We get something else when it advance one month and makes the conjunction to Uranus. We get something else again when the Sun squares Uranus in a year, though the current events certainly have that flavor of Sun-Uranus, don’t they: sudden, interesting, out of the blue.
abc123 – you are very funny, and that is in a sense true. Dubai is the biggest “reality show” in existence. Well, second only to the United States.
Just getting to this.
I see in the progressed chart Juno exactly square the progressed Sun –to the arc minute. And Juno also conjunct Uranus –in the seventh house. So sudden disruption of the corporate marriage, eh?
Also, progressed Pluto at 2+ Libra is conjunct the current transiting Saturn at 2+ Libra –course correction? lessons about balancing the books right? The 2+Libra degree is also square the transiting Pluto, currently at 2+ Capricorn. So Dubai has progressed Pluto square transiting Pluto now. As this is a long lasting aspect, I suspect the lessons here will be as well. No quick fixes for Dubai.
Then there’s a grand trine within the progressed chart: Venus is now in the sign of Aquarius, so the people’s welfare –and money– (instead of Venus/Capricorn –corporate/banking investments) are stake –in the 11th house, the natural home of Aquarius, so emphasis there. And Venus is have a close conversation (trine) with a duplicitous Gemini Nessus in the third –who in turn is having words with the Libran Uranus/Juno in the 7th –a creature whose got a surprise up her sleeve at every turn.
Dear lord, this read like a disastrous divorce –complete with double sets of accounting ledgers, false documents, and strange bedfellows.
Putting on my novelist’s hat here, I’ve decided that Dubai is turning out not to be the bride the groom thought she was, as ‘she’ is actually a ‘he’. Ah, see? Hidden Aries/Mars conjunct Chiron in the 12th. Very hush hush that no one was meant to know.
And now they know.
Okay. Not very scholarly mundane reading, but what do you expect for free? 😉
@ graffiti – -thanks for your post..
I am sorry to sound all doom-and-gloom, but I can’t shake the feeling that we are living on borrowed time, economically speaking.
One in eight Americans is on food stamps. One in eight!
I realize that it’s better than it was — for awhile there, a big “boom” went off every several weeks or so, as big banks went crashing into the ground.
Bear Stearns. Lehman Brothers. Countrywide. AIG (which is not a bank per se but which was a lender to lots of corporate borrowers).
Then Obama threw trillions of dollars at the banking system and managed to stop the boom-boom-boom. The big banks stopped failing (although several hundred small regional banks have failed and several hundred more of them are expected to fail this year).
So rich people breathed a sigh of relief and thought, ok, everything is gonna be ok.
And depending on your perspective, everybody who reads this site regularly could be considered rich, because they still have enough money to pay their online service provider each month. I mean, if I lost my job, I would probably have to cancel my internet.
But anyway, I am afraid. I am afraid that just stopping the boom-boom is not enough to make everything ok. Even the govt admits that one in six people is out of work, and a lot of people think the real number is more like one in five. In certain cities is it one in four.
In the Great Depression, it was one in four. And in the 1930s, women didn’t work. Had women worked then, I guess it would have been nearly 2 in 4 who were out of work.
And now, nobody is creating new jobs. Our out of work folks have absolutely no reason to realistically expect they will find a job anytime soon.
But worse than that is the fact that we just live unsustainably. The planet’s resouces cannot support the way Americans consume. We use too much oil and coal and water, and the only reason we can still feed most people cheaply is that we are feeding them tainted food which we raised with factory farming, but those methods aren’t sustainable either. They drain the water table and deplete the soil. Not to mention they’re cruel and debase both the animals and us.
And the thing about Dubai is, it just illustrates how all those people who lent money to Dubai were in complete denial. They made ridiculous loans to Dubai so it could build fanciful real estate that would never support itself with rents.
A lot of the Dubai lenders were Americans. But more than that, they were the upper class, which is really a trans-national class of people. They are the ones who are acting like everything is gonna be okay.
And the rest of us want to believe that. We say, look at all these smart rich people who work in finance. They are acting like everything is going to be okay, and they know more than we do, right?
But unfortunately, I think sooner or later, we are going to have to pay the piper, no matter how the people who shop at Brooks Brothers are acting.
I think it says they just wanted to get on a reality show.
Neptune and Saturn figure prominently to me in these charts.
Neptune is rising with the Sun on MC in the original UAE chart with Saturn conjunct IC, possibly suggesting that maybe the actual worth and the projected/publicly perceived worth of UAE was never the same. Neptune especially in Sag can be über GRANDIOSE in terms of the delusions it pulls off.
Neptune figures again prominently in the 8th house, the house of debt in the progressed chart with Saturn this time in the 2nd house, showing severe restrictions in their own resources/worth.
Interestingly, reports indicate that Dubai World’s main problem comes from billions invested in “glitzy real estate” (per WSJ), the south Node in Leo (suggesting extravagance and glitz) is in the 4th house of the progressed chart, suggesting maybe the past investments in real estate are catching up with them.