Whenever
the economy tanks, people in Washington argue that the government should inject
money into the economy to stimulate growth. If you think government is enormous
now, Obama is agitating for even greater stimulus spending for trillions more
in entitlements and make-work projects. After the “Big Bang stimulus” totaling
$4.7 trillion, unemployment remains at 9.1% and the economy has grown an anemic
1.3% (summer 2011 data). But the stimulus hasn’t failed, they say, the
government just needs to spend a lot more and keep doing it until it works—the
beatings will continue until morale improves.
What
Is It and Where Did It Come From?
The
idea of big government spending as national savior got started in the 1930s
when the country was in the throws of the Great Depression. English economist
John Maynard Keynes argued that the government could boost the economy if it
borrowed money then spent it. According to this theory, now known as Keynesian
Economics, money would find its way into people’s wallets and then they would
spend the money. This was supposed to “prime the pump” as money began
circulating through the economy. One dollar spent is another dollar earned by
someone else. (This is called the multiplier effect).
John Maynard Keynes,was an English economist whose ideas
fundamentally changed the theory and practice of macroeconomics and the
economic policies of governments. He built on and greatly refined earlier work
on the causes of business cycles, and is widely considered to be one of the
most influential economists of the 20th century and the founder of modern
macroeconomics. His ideas are the basis for the school of thought known as
Keynesian economics and its various offshoots.
A chart for John Maynard Keynes is provided by
Astro-Databank with an AA rating [1]. His radix Sun and Moon are conjunct Rigel,
beta Orion, and this is part of sidereal Taurus, which is about commerce and
business affairs [2]. Also here are dim stars in the right leg and foot of
Perseus, the Rescuer. Opposite the luminaries is Sabik, eta Ophiuchi which was
part of China’s Celestial Market so that financial concerns are prominent here
[3]. To this if we add the asteroids, TNPs and planets a clearer picture will
emerge. The luminaries form the apex of a T-square with Uranus opposite TNP
Admetus and asteroid Industria as the base. Admetus is about “blockages” or “stagnation”
while Industria is literally concerning industries. With the stars influencing
Keynes’ luminaries we begin to see why he was an economist and with Uranus
opposite Admetus-Industria, why he was the author of radical ideas that became
the standard method employed by governments to break industrial recessions.
It was in the midst of the Great Depression, that Keynes
published his "The General Theory of Employment," 1936. At that time
a Saturn-Neptune opposition formed a T-square to his luminaries so that his
theory that governments should open the coffers and pour money generously and perhaps even indiscriminately, (Neptune) into a depressed and suffering (Saturn) economy
was borne out by the symbolism potentially contained in the Saturn-Neptune
combination.
Keynes's influence waned in the 1970s, partly as a result of
the severe stagflation that stalled the Anglo-American economies throughout
that decade, and partly because of criticism of "naive Keynesian"
theory by Milton Friedman, who had predicted that condition. He and other
economists had disputed the ability of government to regulate the business
cycle favorably with fiscal policy. In astrological terms around the early 70s,
not only were Saturn and Neptune once again opposite each other in the heavens
but by mid 70s took turns in falling on (Saturn) and opposite (Neptune) his luminaries
triggering his radix T-square into manifestation. But this time proving the
failure of his theories.
The Federal Reserve's response to the global financial
crisis of 2007–08 is seen as a resurgence
in Keynesian thought. Keynesian theory would be the magic spell for flagging
economies everywhere if it didn’t have this one glaring logical fallacy. It
overlooks the fact that the government can’t inject money into the economy
without first taking it out. The theory only looks at half of the equation. As
the government puts money in the right hand, it borrows money from the left
hand. Government spending clearly benefits those people who receive the money,
but there is no net increase in productivity and no increase in the national
income (GDP).
Between 2008 to 2016, Keynes’ solar arc progressed MC [12 to 19 Virgo] has been triggering his
T-square and is currently just past a conjunction to his radix Uranus [19vi]. The
current Saturn-Neptune square once again aspect his radix luminaries. Moreover,
the September 2015 solar eclipse [20vi] fell on Keynes’ Uranus and the US Sibly
Neptune both of which are conjunct the star Denbola in the hind of the Lion. About this
area Nick Fiorenza writes:
This area of late Leo is of foul
breezes and smoke screens. It is also of those behind the scenes, of
political-religious figureheads manipulating the affairs of the world for
personal motive while offering salvation from the human struggle. It is also of global-level grand spectacle,
often time of a diversionary nature created by world powers with hidden agenda
.
It is now increasingly clear that the Federal Reserve has
used its Quantitative Easing (QE) Program to benefit the top 1% through permitting
the indiscriminate use of zero interest money for speculation on Wall Street. Whether
Keynes (the Rescuer: natal Sun conjunct stars of Perseus) was himself innocent
or complicit in the manipulation and use of his theories for not so noble ends
we will never know.
[3] Secrets of the Ancient Skies; Diana Rosenberg
(v.2,p.357)
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