As the Sun enters Leo and we prepare for the 4-month cycle of Mercury going retrograde, the U.S. is facing what some think is a potential economic catastrophe. The notion that this country would ever default on its bills, debts that were created by Congress, has always been unthinkable. Because it is has always been regarded as a total impossibility, no one, even the best economists, can know what the outcome will be. How will other countries react? How will it affect interest rates? And most importantly, how will it affect the banks that we deal with everyday? Before getting to this, I think I must first describe where we are concerning the Mercury retrograde cycle.
Right now, we are in what’s called the ‘shadow’ period. This is the territory in which Mercury will travel back and forth between July 15, 2011 and September 9, 2011. This territory covers 19° Leo and 1° Virgo, so Mercury will be in this 12° area for 7 weeks. For the United States, Mercury will oppose the U.S. Moon. This will tell us quite a bit as we go forward. Mercury will go retrograde on Tuesday, August 2, 2011 at 8:50pm PDT. The retrograde period ends on Friday, August 26, 2011 at 3:03pm PDT. This one fact means that the public (Moon) will be changing their minds during the retrograde period. So, whatever people are thinking right now is very subject to change in the coming weeks.
Personally, I do not believe the new Republicans in the house who are pushing this draconian activity understand either history or economics. I can understand the idealism of their thinking, but they have not thought through the huge impact and consequences of their aims. For them, the idea of closing the U.S. government seems to be a trivial, almost fun, matter. This tells me that we strongly need Mercury retrograde at this particular point in time, as it is likely to force people to change their minds.
Let’s start with the meaning of the shadow period. Although people often do not pay attention to this part of the cycle, it is one of the most important. Firstly, we know that every decision made or considered right now will be reviewed. This is guaranteed. I have found that this is one of the most unstable periods there are in terms of astrological cycles. It can be described as an upsurge of unconscious material into consciousness. Thus, it is unpredictable and can easily create problems for the person. Let me give an example. A few years ago I met with a client who had said some very rude things to a close friend. It happened in the shadow period. As she thought about it during the Mercury retrograde period, she began to acknowledge how much she had hurt her friend, how severe and out of proportion her words were and she had begun to feel a great deal of regret. She sought to understand what had happened that caused this ‘needless’ and self-inflicted crisis in her friendship, which had been a good one for many years. What came up over several sessions was that she realized that she had not expressed her real feelings to her friend about certain problems in the relationship for a long time and that resentments were slowly building up during the entire time. She didn’t realize how angry she was when suddenly (during the ‘shadow’ period) she burst out with a nasty tirade that surprised even her. This is not unusual at this time. The problem, of course, was actually with her as she had not spoken with her friend at all about what she was feeling.
There is one more aspect of the story that is most important. After she did speak with her friend, she found out that most of what she was feeling was due to a small, even trivial misunderstanding that had become completely overblown due to its not being dealt with during the prior years. Her friend was extremely shocked at the entire episode as what was really going on was completely different from the perceptions of her friend. The entire matter need not have ever happened if my client had gone to her friend and straightened matters out in the beginning. In regular everyday life, this sort of thing happens all the time and while our lives can become quite stressful and difficult, the problems can be fixed. But now let’s asks the bigger questions. What happens to a nation when the same phenomenon happens? Are not the consequences going to be much, much bigger? Might they lead to catastrophic consequences?
This is what is happening right now in my opinion. The new legislators in the House of Representatives do not understand and do not seek to understand the consequences of the U.S. government’s failure to pay its legal and obligatory debts. This is a great example of idealism triumphing over practical knowledge. It is based on gross misunderstandings of what the consequences will be. The only thing we don’t know is what the Obama administration will do if no deal is reached. There is the 14th Amendment, which states the following:
“The validity of the public debt of the United States, authorized by law, including debts incurred for the payments of pension and bounties for services in suppressing insurrection or rebellion, shall not be questioned.”
There is no consensus among constitutional scholars on how this might affect the present situation, but that is only because this has never happened before in U.S history. It appears that Obama does not want to use this option, but if he did, while it would be challenged in the courts it could take years for his action to go through the legal process and by then, he would either be serving a second term or be replaced.
Now, let’s go back to the fact that the Mercury retrograde cycle opposed the Moon of the U.S.
It certainly means that the media and public will be watching the events of this process with the same attention and intensity that is given to a Presidential election. It will be analyzed and debated 24 hours a day and will ignite the passions of a confused and disturbed public. This alone suggests a degree of panic, caused simply by the great uncertainty of what effects of the default will be on the average citizen. Will it cause a cascade effect that brings about a depression and/or a collapse of the U.S. currency? Will it feel like complete chaos or will things return to normal? Do the Republicans in the House have any idea of the consequences of their extreme position and what will they learn from this? Or, will this turn out to be a non-event?
My view is that we are a democracy and that this is what is being challenged. In a democracy it is always easier to say ‘No’ to things and to take positions that stop the advancement of solutions to problems. But this is my position.
So, to end this article, I have a question on a subject that I am not even close to understanding. I would love to hear from the readers of my newsletter on its possible answer.
Why is the so-called Tea Party, who is composed primarily of blue-collar and middle class citizens (although financially supported by extremely wealthy oligarchs) so vehemently against increasing the taxes on the super rich among us? These are the citizens who can easily afford to pay the extra taxes and who did so in the recent past. Many of them did not object then and are not objecting now. The richest person in the U.S., Warren Buffet, is one of them. Why is the Tea Party protecting the wealthy 1%, of which they will never be a part?
Your responses to this article are welcome.