{"id":37431,"date":"2011-04-27T14:43:58","date_gmt":"2011-04-27T19:43:58","guid":{"rendered":"http:\/\/planetwaves.net\/news\/?p=37431"},"modified":"2011-04-27T14:43:58","modified_gmt":"2011-04-27T19:43:58","slug":"versailled","status":"publish","type":"post","link":"https:\/\/planetwaves.net\/news\/daily-astrology\/versailled\/","title":{"rendered":"Versailled"},"content":{"rendered":"

According to Wikipedia, the phrase “privatizing profits and socializing losses”<\/strong> refers to any instance of speculators benefiting (privately) from profits, but not taking losses, by pushing the losses onto society at large, particularly via the government. I give it an even shorter name. I call it getting Versailled<\/em>,\u00a0as in the French royal palace Versailles — the epitome\u00a0of excess of the French aristocracy in the Courts of Louis XV and XVI\u00a0during the 18th century.\u00a0The excesses\u00a0of the\u00a0French monarchy caused enough\u00a0economic pressure on the working\u00a0classes\u00a0to instigate\u00a0what was finally the rise of the violent revolt that would usurp the French aristocracy.<\/p>\n

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That revolt followed a period of Pluto, the planet of compelling change, in Capricorn, the sign of institutions like government and banking. How apropos then that three years into this current ingress of Pluto into Capricorn, we get to witness the workings of the American and international oligarchy in cahoots with the US government to pocket our tax dollars? <\/p>\n

How utterly aristocratic are our modern-day courtiers who preside over the board rooms\u00a0as masters of the universe, also known as Wall Street executives. Their dealings\u00a0are portrayed in Matt Taibbi’s Rolling Stone<\/em> article The Real Housewives of Wall Street<\/a>, which brings to light the theft of taxpayer dollars, pouring like a “waterfall” into the hands of two of the wives of the very rich, through\u00a0a TALF (Term Asset-backed Securities Loan Facility) handout to\u00a0Wall Street approved during the sunset months of the Bush Administration. Here’s an excerpt:<\/p>\n

America has two national budgets, one official, one unofficial. The official budget is public record and hotly debated: Money comes in as taxes and goes out as jet fighters, DEA agents, wheat subsidies and Medicare, plus pensions and bennies for that great untamed socialist menace called a unionized public-sector workforce that Republicans are always complaining about. According to popular legend, we’re broke and in so much debt that 40 years from now our granddaughters will still be hooking on weekends to pay the medical bills of this year’s retirees from the IRS, the SEC and the Department of Energy.<\/p>\n

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Most Americans know about that budget. What they don’t know is that there is another budget of roughly equal heft, traditionally maintained in complete secrecy. After the financial crash of 2008, it grew to monstrous dimensions, as the government attempted to unfreeze the credit markets by handing out trillions to banks and hedge funds. And thanks to a whole galaxy of obscure, acronym-laden bailout programs, it eventually rivaled the “official” budget in size \u2014 a huge roaring river of cash flowing out of the Federal Reserve to destinations neither chosen by the president nor reviewed by Congress, but instead handed out by fiat by unelected Fed officials using a seemingly nonsensical and apparently unknowable methodology.<\/p>\n

Now, following an act of Congress that has forced the Fed to open its books from the bailout era, this unofficial budget is for the first time becoming at least partially a matter of public record. Staffers in the Senate and the House, whose queries about Fed spending have been rebuffed for nearly a century, are now poring over 21,000 transactions and discovering a host of outrages and lunacies in the “other” budget. It is as though someone sat down and made a list of every individual on earth who actually did not<\/em> need emergency financial assistance from the United States government, and then handed them the keys to the public treasure. The Fed sent billions in bailout aid to banks in places like Mexico, Bahrain and Bavaria, billions more to a spate of Japanese car companies, more than $2 trillion in loans each<\/em> to Citigroup and Morgan Stanley, and billions more to a string of lesser millionaires and billionaires with Cayman Islands addresses. “Our jaws are literally dropping as we’re reading this,” says Warren Gunnels, an aide to Sen. Bernie Sanders of Vermont. “Every one of these transactions is outrageous.”<\/p><\/blockquote>\n

Providing the very rich\u00a0with financial windfalls from federal subsidies while the government gouges the poor and middle- and working-class taxpayers, through ever-widening diminishment of public services and programs, seems to me the very essence of Versailles. As Taibbi’s article suggests, the greed and manipulation of funds from federal subsidies to\u00a0rich — also known as crony capitalism — has gone relatively unnoticed. In light of the Tea Bag Congress’s intentions for the federal budget, all the wrong people — children, poor, sick and elderly — are getting shafted with cuts to public education, Medicare and Social Security while the truly criminal get to run off with the check.<\/p>\n

For the years 1762-1778 —\u00a0the last time Pluto was in Capricorn —\u00a0history records the build-up to the French Revolution caused by the oppression of the peasant and working classes and the first stirrings of\u00a0the Age of Enlightenment. While Pluto is in Capricorn in this century, Congress and the White House continue to battle over what ‘fat’ to cut in programs like Head Start, public schools and health care. The land of opportunity seems to be opportunity for those few who know the loopholes.\u00a0<\/p>\n

The questions we have to\u00a0ask\u00a0our leaders remain on what we hold as values for this country:\u00a0How can I continue to afford my mortgage? How can I get out from under my student loan? Will the banks\u00a0foreclose on me? What will happen to\u00a0the Social Security fund I already paid into while I was working? Will I\u00a0have to still work\u00a0when I’m too old?\u00a0Will there\u00a0be a good public school\u00a0in my city for my children? Will my family have enough to eat?\u00a0Hardly anybody from this Congress seems to be willing to listen to anybody but their corporate masters.<\/p>\n

Pluto is in Capricorn and a there’s stellium of planets in Aries — including Uranus, the planet of revolution — acting like a fast moving meat slicer on a heavily fatted piece of pork. Slowly and assuredly, information that was hidden, particularly about government and finance,\u00a0continues to be revealed like red meat under all that fat. Really,\u00a0there’s only one question that still needs to be asked, repeatedly and loudly,\u00a0which is truly\u00a0appropriate to the age and time we live in. It’s the one Matt Taibbi asks in the leading paragraphs of his article:\u00a0<\/p>\n

“Why\u00a0isn’t Wall Street\u00a0in jail?”<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

According to Wikipedia, the phrase “privatizing profits and socializing losses” refers to any instance of speculators benefiting (privately) from profits, but not taking losses, by pushing the losses onto society at large, particularly via the government. I give it an even shorter name. I call it getting Versailled,\u00a0as in the French royal palace Versailles — … Read more<\/a><\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"generate_page_header":""},"categories":[1],"tags":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/posts\/37431"}],"collection":[{"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/comments?post=37431"}],"version-history":[{"count":0,"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/posts\/37431\/revisions"}],"wp:attachment":[{"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/media?parent=37431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/categories?post=37431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/tags?post=37431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}