US economy growing less than expected in part due to the drought there’s even more pressure than usual on Ben Bernanke who has been sluicing more money into the system in an effort to stimulate growth. Both his personal chart and that of the Federal Reserve look very nervy and highly strung through October. Though the Fed Res chart will take heart after the Election with some upbeat influences.
Not everything is under US control since a Eurozone disaster, which becomes more likely by the day, looms ever closer. The catalyst for collapse would be Spain which is too big to bail and too big to fail. Its’ economy continues to shrink at a "significant rate" into a deepening recession, with the highest level of unemployment since the 1970s. With major public demonstrations against further cuts and a growing breakaway movement internally, it is no longer clear whether premier Mariano Rajoy can deliver on any austerity deal with Brussels, necessary for a further bail out.
This mid November’s Scorpio Solar Eclipse will conjunct the Spain 1975 (22 Nov 12.45pm) chart’s Midheaven, North Node, Mercury Sun all in Scorpio – so it will bring significant challenges to Spain’s ambitions and direction over the next few years. Tr Neptune is in a debilitating panicky trine to Mars at the moment till late December. Into 2013 tr Pluto square tr Uranus hits its’ financial Pluto Venus opposition Jupiter square Moon and continues to batter at that thro’ 2013/14 and 15. So the populace will be up in arms with that tr Uranus tr Pluto hitting the Cancer Moon with feelings running exceptionally high.
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The US Federal Reserve also has a Scorpio Sun directly in the line of fire of this Eclipse and that usually indicates a significant crisis and a forced change of direction.
The Spain 19 Jan 1479 chart which works well shows up even more clearly the gravity of their present situation with the Saturn opposition Mars in the chart having moved by Solar Arc to square the Uranus Neptune conjunction thro’ 2012/13/14 and Solar Arc Pluto being conjunct Mars now and opposition Saturn by 2014. So it is likely to be the worst three years for Spain in almost a century.
Spain joined the EU along with Portugal on 1 January 1986 which gives a Neptune Venus Sun conjunction in Capricorn at 3/5/10 degrees trine Moon at 4 degrees Virgo, sextile Pluto Mars at 6/10 degrees Scorpio. With Solar Arc Saturn moving to conjunct Neptune in 2013 and Solar Arc Pluto is conjunct Saturn at the same time. That all looks horrendous frankly with not only tr Pluto square tr Uranus upsetting the applecart hitting the Sun next year and 2014; but tr Neptune chipping away confidence as well as it squares Saturn and Solar Arc Pluto in 2013/14.
It’s impossible to see good coming out of this situation for years and years either for Spain or for the EU. Though any split will be very bitter indeed with that focal point Mars Pluto conjunction in Scorpio. If Spain goes down then so do the German and Dutch banks who over lent in the times of plenty.