Jacob's Wheel - World Taurus Cycle
[This was written by me back in October, 2008. The original web-page is:
Article Link]
The "harbinger" of our upcoming new seven-year Taurus cycle was the first phase of the current Aries cycle... the Aries-Taurus [1/1] phase.
Aries-Taurus [1/1] Phases (4 months)
7-Sept-1861 -to- 7-Jan-1862
7-Sept-2008 -to- 7-Jan-2009
Significantly, during the current Aries-Taurus phase, so far we have
seen the closure of several major banks in the USA, and the approval of a
US Government $700 billion 'bail-out' bill to try and prevent the US
financial system from collapsing.
The Taurus archetype governs (among other things): money, property,
land, real-estate, resources, assets, precious metals, etc. It is the
archetype that represents the concept of 'value'. It is during a Taurus
cycle (or phase) that evolutionary forces help us to become more
conscious of our own personal values, as well as the values of others.
The Taurus evolutionary influence assists us to increase our sense of
self-value by urging us to further develop our personal resources. This
often also involves a process of re-evaluation.
During the previous Aries-Taurus [1/1] phase (7-Sept-1861 -to-
7-Jan-1862) the Civil War was exerting a lot of stress on the American
economy and there was a rush to purchase gold...
"Cash reserves
in New York banks fall in December [1861] to just over $29 million,
down from more than $60 million in January. The banks suspend payments
in gold December 30, all U.S. banks immediately follow suit, and they
will not redeem paper money for metal currency (specie) until 1879 (see
Legal Tender Act, 1862)."
[From:
http://www.answers.com/topic/1861]
"The U.S. monetary system "is unfitted for a commercial country like
ours," laments Secretary of the Treasury Hugh McCulloch (see 1842;
Coinage Act, 1792). Banks suspended specie payment at the end of last
year [1861], more than 1,600 financial institutions are printing money,
more than half the paper money in circulation is counterfeit, people
distrust such currency, it is heavily discounted by banks and merchants,
and ordinary citizens hoard gold and silver coins."
[From:
http://www.answers.com/topic/1862]
"After December 28, 1861 a worsening economic situation forced banks
to stop redeeming Demand Notes for gold coin. The notes then began to
appear at Assistant Treasurers' offices in great numbers for
redemption."
[From:
http://en.wikipedia.org/wiki/Demand_Note]
The current Aries-Taurus [1/1] phase is (I believe) a 'foretaste' of
the future World Taurus cycle that will follow our present Aries cycle.
The new Taurus cycle begins in the year 2015 CE.
TAURUS Cycles (7 years)
7-Sept-1868 -to- 7-Sept-1875
7-Sept-2015 -to- 7-Sept-2022
The previous World Taurus cycle (7-Sept-1868 -to- 7-Sept-1875) saw
the 'Panic of 1873' and the beginning of the 'Long Depression'
(1873-1879)...
"The Panic of
1873 was the start of the Long Depression, a severe nationwide economic
depression in the United States that lasted until 1879. It was
precipitated by the bankruptcy of the Philadelphia banking firm Jay
Cooke on September 18, 1873, following the crash on May 9, 1873 of the
Vienna Stock Exchange in Austria (the so-called Grunderkrach or
"founders' crash"). It was one of a series of economic crises in the
19th and early 20th centuries."
"In September 1873, the American economy entered a crisis. This
followed a period of post Civil War economic over-expansion that arose
from the Northern railroad boom. It came at the end of a series of
economic setbacks: the Black Friday panic of 1869, the Chicago fire of
1871, the outbreak of equine influenza in 1872, and the demonetization
of silver in 1873.
The Black Friday panic was caused by the attempt of Jay Gould and Jim
Fisk to corner the gold market in 1869. They were prevented from doing
so by the decision of the administration of President Ulysses S. Grant
to release government gold for sale. The drive culminated in a day of
panic when thousands were ruined—Friday, September 24, 1869, popularly
called Black Friday. There was great indignation against the
perpetrators..."
[From:
http://en.wikipedia.org/wiki/Panic_of_1873]
"...a day of panic when thousands were ruined—Friday, September 24, 1869, popularly called Black Friday..."
Taurus-Virgo [1/4]
7 September 1869 -to- 7 January 1870
"...the crash on May 9, 1873 of the Vienna Stock Exchange in Austria..."
Taurus-Mars [3/1]
7 May 1873 -to- 7 September 1873
"...the Long Depression...was precipitated by the bankruptcy of the Philadelphia banking firm Jay Cooke on September 18, 1873..."
Taurus-Saturn [3/2]
7 September 1873 -to- 7 January 1874
Note: The Taurus-Saturn [3/2] phase shares the same
astrological archetypes as the tarot card '7 Coins'. This card is
commonly associated with material hardship.
These are three phases to make a note of! They will recur during our future Taurus cycle...
Taurus-Virgo [1/4]
7 September 2016 -to- 7 January 2017
Taurus-Mars [3/1]
7 May 2020 -to- 7 September 2020
Taurus-Saturn [3/2]
7 September 2020 -to- 7 January 2021
Here is a link to a very interesting article available online that
compares the 'Panic of 1873' to our current (2008) evolving World
economic situation...
Conclusion
If history repeats, then it looks like the financial crisis currently
being experienced by the USA is merely a prelude to a greater economic
downturn that will commence around the year 2015 (i.e. near the
beginning of the seven year Taurus cycle) and continue for several years
thereafter.
Blessings,
Patrick. [October, 2008]
