As I was drinking coffee this morning and watching the news, the potential default of Dubai Government Fund perked my ears.
“This is it”, I’ve told myself, “My predictions are beginning to manifest”.
In my October 2008 article “Financial Crisis: it’s not over until it’s over” I’ve predicted that the world will tremble in December of 2009 from some terrible financial news, as Pluto enters Capricorn and begins to wreck governmental and corporate institutions.
I also said, “By the end of November of 2009, we would begin to cry for mercy, as our economy would get completely stalled: Saturn, the planet of lack and limitations, joins Pluto, the Terminator, in the assault on the U.S. Venus, the planet of Money. It begins to squeeze it from Libra, the sign of relationships and justice. So as global trade gets restructured, we get the foul end of the deal. Saturn would limit our reach into the packets of other countries. We may face the retribution for our misadventures on foreign soil and/ or for amassing huge deficit (read “debt to other countries”).
But I was wrong: it’s not our country’s deficit that is going to do us in, but other countries’ default on their debt obligations.
Since I am just an astrologer and not a psychic, I got timing and institutions involved right, but I could not foresee the actual turn of events. Who could?
Dubai has been swimming in gold, its coffers filled to the brim, it seemed, by oil it was sitting on. It was building the new world wonders and aimed at becoming the new world financial center. It appeared to be the richest country in the Middle East, and its only foreseen threat was depletion of oil reserves at some point of the far away future.
So a whole lot of pension and hedge funds from all kind of countries invested in it, thinking it was almost risk-free.
Think about it:
The first part of the world financial crisis that ruptured in the fall of 2008 was brought in by losses of private investors. As bad as it was, it was contained by huge governmental bail-outs by governments of the developed world.
This strategy indebted governments of the richest countries but defrosted financial markets.
Now comes the second part (i.e. the other shoe drops):
Governments begin defaulting.
Private financial institutions are already seriously ailing, and are held alive by financial transfusions by the governments. Now the governments need donors…AND WHO COULD RESCUE THEM??…..
Dubai is just a beginning of the falling dominoes. If it defaults, the legions of pension and hedge funds that invested in it are going to collapse, and THERE IS GOING TO BE NO FINANCIAL DONOR TO SAVE THEM.
This means that
1) many retirees all over the world are going to be left without pensions, and governments, already stretched to the max, would have to extend more social services to them and bleed more money.
2)Financial institutions are going to freeze once again, as investors lose a few more billions
AND WHO IS GOING TO BAIL THEM OUT THIS TIME? WHERE NEW MONEY IS GOING TO COME FROM?
The developed world is going to lose its footing and fall onto the developing world, crushing it.
3)The developing world (save for China, Russia and India) is going to default too. AND WHO IS GOING TO BAIL THEM OUT THIS TIME? WHERE NEW MONEY IS GOING TO COME FROM?
4) Unemployment and riots are going to shoot up. Would Obama be able to sign 3 yrs unemployment benefits? Where the U.S. money is going to come from?
Now the question is should I get my savings out of the bank before the summer of 2010 (that is when the world crushes)? I should take a good look at a horary chart on that one…
The good news is that the timing of events suggests that the actual birth date of the U.S. is actually July 2. Now we know.