{"id":42716,"date":"2011-08-05T21:16:45","date_gmt":"2011-08-06T01:16:45","guid":{"rendered":"http:\/\/planetwaves.net\/news\/?p=42716"},"modified":"2011-08-06T13:39:52","modified_gmt":"2011-08-06T17:39:52","slug":"nessus-rising-s-p-downgrades-us-credit-rating","status":"publish","type":"post","link":"https:\/\/planetwaves.net\/news\/economics\/nessus-rising-s-p-downgrades-us-credit-rating\/","title":{"rendered":"Nessus Rising: S & P Downgrades US Credit Rating"},"content":{"rendered":"

Note, this article was updated Saturday morning.
\n<\/strong><\/em><\/p>\n

Friday night, Standard & Poor’s announced that it had downgraded the United States’ credit rating. This issue was going back and forth all day between the Department of Treasury and S & P. Treasury found a $2 trillion calculation error, which the rating agency admitted to, but still said it would be lowering the rating. Rachel Maddow just read S & P’s press release on the air, and it’s interesting — posted in the first comment below. S & P has a rotten reputation for endorsing things like junk bonds and the mortgage derivatives that were largely responsible for the recession, as well as for endorsing private debt over public debt.<\/p>\n

\"\"<\/a>
S & P downgrades US credit rating. Time was stated by Rachel Maddow. It was announced at 8:27 pm on a CNN news blog and annunced at 8:30 pm by Keith Olbermann, live. I am using 8:20 pm. Note that as seems common these days, the ascendant and midheaven are both occupied by a centaur planet -- Nessus is rising, and Pholus is on the midheaven.<\/figcaption><\/figure>\n

This is the first time that the United States has ever had its credit rating lowered. The result could be a rise in interest rates on a variety of financial products, a ripple effect through the markets, as well as certain states that are closely tied to the federal government having their credit ratings lowered. For a coherent political analysis, please see the comment by Astrodem<\/strong>, one of our frequent participants<\/a>.]<\/p>\n

The ratings agency, one of three private agencies that rates US the worthiness of US treasury bills, gave a diversity of political reasons for the downgrade, including the inability of Pres. Obama and Congress to work together, which is of course a premeditated situation on the part of certain political strategists. In any event, the statements by the ratings agency (which I have posted in the first comment below) seemed designed to get the attention of the political system. But it’s also an example of a private entity wagging the dog of government. And while they have a point, that point is not that the bond rating was lowered, but what led to it: the conduct of our political leaders.<\/p>\n

As for the astrology: centaur planets factor prominently into this chart. Nessus (the third centaur) is rising, right in the region of 20 Aquarius — the midpoint of the Uranus-Pluto square (Gary<\/a> and I covered this on last week’s special edition podcast<\/a>). Nessus is a centaur planet, associated with consequences, cycles of karma and psychological and sexual abuse. Melanie Reinhart suggests that a key phrase for Nessus is, “The buck stops here,” appropriate enough in this situation.<\/p>\n

\"\"<\/a>
Minor planets in the range of mid-mutable signs. This list only shows Gemini, Virgo, Sagittarius and Pisces.<\/figcaption><\/figure>\n

Pholus is in the 10th house of this chart. Pholus is about out of control situations and runaway reactions. In the house of government, we have a picture of our feral wealthy elitists who are basically taking advantage of the end of the world by helping propagate it. Pholus is now conjunct several planets not shown — Narcissus (an asteroid), Ixion (out near Pluto, the lord of amorality), and Hylonome (the cry of the poor). These three points are conjunct the Great Attractor<\/a><\/strong>, a very powerful point far from our galaxy. [We are looking for other Planet Waves references to the Great Attractor now.] The upshot is that the Great Attractor is magnifying what certainly looks like a toxic brew of minor planets, mainly contaminated by narcissism. <\/p>\n

In a sentence, we are indeed witnessing a bonfire of the vanities.<\/p>\n

Meanwhile, in the ascendant, Nessus is suggesting that we are facing a moment of consequences, even if those consequences are driven by abusive intentions. Nessus is also aspecting Eris and the lunar nodes, making a slow-moving aspect structure that came into full expression during the shootings in Norway two weeks ago. <\/p>\n

The Moon is in Scorpio, and its next aspect is to Jupiter — representing a kind of exaggeration effect. Note the position of Neptune, right in the last arc minute of Aquarius. We are in a throwback to the era of all smoke and all mirrors all the time — but now at least we’re smart enough to see what is what.<\/p>\n","protected":false},"excerpt":{"rendered":"

Note, this article was updated Saturday morning. Friday night, Standard & Poor’s announced that it had downgraded the United States’ credit rating. This issue was going back and forth all day between the Department of Treasury and S & P. Treasury found a $2 trillion calculation error, which the rating agency admitted to, but still … Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"generate_page_header":""},"categories":[14],"tags":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/posts\/42716"}],"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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/comments?post=42716"}],"version-history":[{"count":0,"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/posts\/42716\/revisions"}],"wp:attachment":[{"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/media?parent=42716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/categories?post=42716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/tags?post=42716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}