Jacob's Wheel - World Taurus Cycle
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
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]
[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-18757-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]
"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..."7 September 1869 -to- 7 January 1870
Taurus-Mars [3/1]
7 May 1873 -to- 7 September 1873
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.7 September 1873 -to- 7 January 1874
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
7 September 2016 -to- 7 January 2017
Taurus-Mars [3/1]
7 May 2020 -to- 7 September 2020
7 May 2020 -to- 7 September 2020
Taurus-Saturn [3/2]
7 September 2020 -to- 7 January 2021
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...
The Real Great Depression
By SCOTT REYNOLDS NELSON
[The depression of 1929 is the wrong model for the current economic crisis]
http://srnels.people.wm.edu/articles/realGrtDepr.html
ConclusionBy SCOTT REYNOLDS NELSON
[The depression of 1929 is the wrong model for the current economic crisis]
http://srnels.people.wm.edu/articles/realGrtDepr.html
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]
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