ECB unveils big stimulus program at New Moon

The European Central Bank has taken a dramatic step to stimulate troubled economy, unveiling a massive bond-buying program. ECB President Mario Draghi said the program would include public and private sector securities. The ECB would buy 60 billion euros ($70 billion) each month until the end of September 2016, he added. Draghi said the bank had taken this unprecedented step because previous stimulus measures -- including record-low interest rates and buying other assets -- had failed to boost inflation expectations. Jan 22. http://money.cnn.com/2015/01/22/news/economy/europe-qe/index.html

The phrase quantitative easing is a mechanism  in which central banks print money and make it available to investors at very low interest rates. Some people argue that this is a fallacy that exhibits the kind of irresponsibility that landed the globe in a severe economic crisis. Easy money tends to  promote extravagance and risks inflation. The people that get their hands on this extra cash are likely to spend it simply because there is really no value in it. That then depresses financial savings and continues to mask the genuine problems that countries are dealing with. In some situations a synthetic recovery is engineered while the genuine problems stay largely unresolved.

Shown here is the chart for the New Moon of January 20 at Brussels where the ECB is headquartered. Notice the prominent placement of the Venus-Jupiter opposition on the meridian axis. Venus afflictions cause indulgence, and Jupiter inclines to excess in all directions so that this is a combination associated with wasteful extravagance. Also notice that the conjunction of TNPs Hades-Kronos (mistakes by leaders) makes hard aspects to the  Venus-Jupiter (wasteful extravagance) axis.