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August 15, 1971: A Date Which Has Lived In Infamy



The current international  financial crisis is linked by many to the actions of President Nixon in what is referred to as the “The Nixon Shock”. This  was a series of economic measures undertaken by United States President Richard Nixon in 1971, the most significant of which was the unilateral cancellation of the direct convertibility of the United States dollar to gold. While Nixon's actions did not formally abolish the existing Bretton Woods system of international financial exchange, the suspension of one of its key components effectively rendered the Bretton Woods system inoperable. While Nixon publicly stated his intention to resume direct convertibility of the dollar after reforms to the Bretton Woods system had been implemented, all attempts at reform proved unsuccessful. By 1973, the Bretton Woods system was replaced de facto by a regime based on freely floating fiat currencies that remains in place to the present day.










The unilateral change in policy  was made on 15 August 1971.  The President spoke at 9 p.m. in the Oval Office at the White House. His address was broadcast live on radio and television [1][2]. On that day, the Federal Reserve shut its "gold window," meaning foreign governments could no longer trade gold for dollars at the fixed rate of $35 an ounce. The Bretton Woods system officially ended and the dollar became fully "fiat currency," backed by nothing but the promise of the federal government.

A horoscope drawn for 15 August 1971; 9 pm; Washington DC can, therefore, serve as the chart for the fiat dollar.  The following observations about the chart may help to understand the present financial crisis stemming from the Nixon Shock.

Transit Saturn entered Sagittarius  in late 2014 and will now be transiting over the  radix Jupiter-Neptune conjunction opposite Saturn in the second half of 2015. Saturn transits are always some kind of a reality check.  Combine this with Martha Wescott’s key sentence to describe Jupiter-Neptune (linked to false hopes) and we know what is happening.

People who built their castles on sand are  discovering that the tide has changed (and that piddly little bump is  where their fortress used to be.) 

Also notice that the progressed solar arc Ascendant [28ar] forms a temporary Yod with the Jupiter [27sc] – Pluto [ 28vi] sextile.  Progressed Yods create turning points in life as though one has reached a Y in the road and must now take a new path. Here the dynamics of a troubled Jupiter-Pluto interaction is described by Steven Forrest as follows:

Perhaps someone has gone down a road for the wrong reasons. Under hard aspects illusions are challenged. The trick lies in realising that your life as you are living it is inadequate to meet your spiritual and emotional needs, and that half the reason that’s true is that you have believed far too many lies all your life. The other half of the reason is that you’ve grown and changed, and what used to be satisfying and believable is now barren and false. Comforting but phony elements of life must be released and new possibilities seized under less than auspicious circumstances.


Finally, Pluto [28vi]  is conjunct the star Alkaid and Nick Fiorenza’s description of the dynamics in this area tells us what really happened and what is at stake now.

Benetnasch (Eta, Ursa Major) is the Tail of the Great Bear. The Arabic name for Benetnasch is Alkaid, which means "the leader." Benetnasch teaches that leadership is about facilitating the self-empowerment and freedom of others rather than about exerting manipulative force that controls others, mistaken as leadership and being in power.

Benetnasch expresses the old dictatorial and totalitarian stream of consciousness that was predominantly dominant when Earth's polar alignment was tilted (had fallen) furthest from the galactic plane in Earth's great precessional year (about 6000 years ago). Thus Benetnasch is of this long-established totalitarian governing paradigm--generally of a patriarchal nature. It is of political-religious factions of big business.

In its old form and when expressing with influence of the stars of late Leo (the tail of the Lion, the racket of Canes Venatici and the hot air of Antilia), Benetnasch articulates those who tend to act as manipulating and controlling godheads, which perpetuates a dogmatic societal structure that keeps individuals from becoming self-responsible, and from evolving into their own self-mastery. It is of leadership that dictates what is right for people and what they should do by using dramatic and diversionary propaganda, rather than supporting others to make their own choices in freedom. It can be of the self-proclaimed saviors of the world who try to amass their blind followers for their own interest in maintaining a position of power and wealth. The days of dictators, gurus and followings, perhaps at one time served the sleeping masses, but they are now manipulative and suppressive to the emergence of a new soul-aware consciousness on Earth.





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