Tag Archives: Mercury Station

Poseidon Power?

“What’s Poseidon got to do with the markets?”

That was one of the questions that came up on Thursday when I joined Larry Pesavento for an interview on his Trade What You See program on TFNN.

We were discussing the potential impact of the transneptunian factor Poseidon.

I suggested that the July 29 direct station by Poseidon could usher in a shift in market direction.

That’s especially likely with the Poseidon station coming just a couple of days before the end of the Mercury retrograde period on July 31.

And sure enough, with today’s Poseidon station the S&P closed down 0.16% for the day.

The shift in the markets was not the only thing that Larry and I talked about on Thursday.

We also got into bitcoin, birthdays, and a whole lot more.

Here’s the entire interview segment:

The AIG Trial – The 2008 Crash 6 Years Later

It’s been six years now since the bottom fell out of the stock market.

That was a tumultuous time, with the global financial system on the brink of total collapse.

And at the heart of the crisis was American International Group (AIG), the huge insurance company that had put itself on the line with credit default swaps on collateralized debt obligations (CDOs) to insure $441 billion worth of subprime mortgages. As the housing bubble began to deflate in 2007 and 2008, AIG had to pay out on more and more claims, until the big banks that had created the fraudulent CDOs backed with Liars’ Loans put themselves in jeopardy, ultimately pushing AIG into a massive liquidity crisis and virtual bankruptcy.

On September 16, 2008, with stock prices in a nosedive and the U.S. financial leadership in full panic mode, Ben Shalom Bernanke, at the head of the Federal Reserve Board, in collusion with U.S. Treasury Secretary Hank Paulson and New York Federal Reserve President Timothy Geithner, pushed through a high-interest federal loan to AIG of $86 billion and demanded the resignation of AIG CEO Robert B. Willumstad, who was replaced by Edward M. Liddy, a board member at Goldman Sachs.

More than five weeks before the collapse of AIG, on August 7, 2008, I had put the spotlight on AIG during an interview with Michael Yorba on his Commodities Classics TV show:


Although I called for “considerable downside” for AIG and the markets in general because of the then-imminent ingress of Pluto into Capricorn, and identified the September 23, 2008 Mercury/Mars conjunction at a Mercury station as a target zone for a trading bottom following a price decline by AIG and the insurance industry as a whole, I was definitely too conservative in my forecast at that time. Instead of finding a bottom at 17.25 as I thought possible, AIG dropped to below $5 a share – but it did find a trading bottom following the September 23 Mercury station.

The details about AIG are especially worth reviewing now, more than six years after that original interview, since AIG and all the big financial players from that time frame are the focus of a major trial set to begin in U.S. Federal Court of Claims on Monday, September 29, 2014. During the AIG trial, many new facts about the mechanics of the government bailout of AIG are likely to come to light. Former Federal Reserve Chairman Ben Shalom Bernanke is expected to testify, as well as former Treasury Secretary Henry Paulson, and Timothy Geithner (president of the New York Fed in 2008, and later Treasury Secretary).

Bernanke’s testimony in the AIG trial is certainly likely to attract lots of media attention. During a 2009 interview with 60 Minutes, he said that the AIG collapse made him so angry at the time that he “slammed down the phone more than a few times.”

During that interview, Bernanke said that “It’s absolutely unfair that taxpayer dollars are going to prop up a company that made these terrible bets, that was operating out of the sight of regulators, but which we have no choice but to stabilize, or else risk enormous impact, not just in the financial system, but on the whole U.S. economy.”

In spite of Bernanke’s claims, however, the argument in the AIG trial is that the Federal Reserve and the U.S. Treasury used the ailing AIG “as a vehicle to covertly funnel billions of dollars” to Goldman Sachs and other financial institutions favored by the government in a nefarious backdoor deal.

The complaint in the case for the AIG trial notes that “This is the only time in history when the government has taken without just compensation and/or illegally exacted the assets and equity of a company and its shareholders in connection with a loan, let alone a fully-secured loan bearing an extortionate interest rate.”

Cyprus Banks Get Whacked by the Mercury Direct Station & the W. D. Gann New Year

The government in Cyprus is scrambling to try hammer out a deal with European Unit ministers so they can arrange for a $13 billion bailout for the country before the EU’s Monday deadline.

If the deadline isn’t met, the country’s financial system could collapse, dragging much of Europe and even other parts of the world down with it.

As things stand now we’re highly likely to see the Forces of Reason and Make-Nice Public Relations prevail, so I fully expect to see some kind of settlement announced before tomorrow morning.

But whatever the settlement details are, it’s likely to wind up being a bogus deal, since the astrology that’s active behind the scenes doesn’t favor long-term resolutions right now. Even so, this is a critical situation to keep an eye on, since it could establish a precedent that allows governments around the world to confiscate wealth from depositors’ bank accounts, undoing 80 years’ worth of formal and informal banking policies that protect deposits in times of financial crisis.

It’s also important to realize that this is not a short-term crisis that we’ve encountered here; it’s implications are likely to play out for the next several years at least.

Here’s a video that provides some additional background and reveals the most critical dates to watch over the next 18 months: