2008 - 2024 Pluto in Capricorn

Pluto in Capricorn through the ages - Financial Crisis

Pluto is a planet that moves slowly through the sky and takes 244 years to orbit the sun spending many years in each sign.    Pluto entered Capricorn on 26th January, 2008 and will remain there until January 21, 2024, engaging in a process of breaking down and then rebuilding the structures on which we depend for a successful experience in the material world.

Pluto is attempting to re organize political structures in terms of a new idea of civilizations, a global civilization within which nations and individuals may participate in freedom according to the new goals which humanity as set itself to accomplish.

Capricorn is the sign of the builder, the achiever. Capricorn is rooted in the material world and understands that life on earth requires a practical approach to the matters of earning a living. There is also a drive for success.  For Capricorn, the ends justify the means and achievement of one’s goals is the important thing and it is able to maintain a powerful focus.

When Pluto is in Capricorn we can expect the transformation of all things ruled by that sign – such as 

"our religious institutions, halls of government and political structures, the way we inter our dead and take care of our old people, construction techniques and buildings, and how we handle ownership of property."

Pluto in Capricorn in 2008 - 2024

Global Financial Crisis  2007 - 2008

The financial crisis of 2007-08, also known as the Global Financial Crisis, was a severe worldwide economic crisis.  The crisis began in 2007 with a depreciation in the subprime mortgage market in the United States, and it developed into an international banking crisis with the collapse of the investment bank Lehman Brothers on September 15, 2008.

Excessive risk-taking by banks such as Lehman Brothers helped to magnify the financial impact globally.  Massive bail-outs of financial institutions and other palliative monetary and fiscal policies were employed to prevent a possible collapse of the world financial system. The crisis was nonetheless followed by a global economic downturn, the Great Recession. The Asian markets were immediately impacted and volatilized after the U.S. sub-prime crisis.

The European debt crisis 2009 -

The European debt crisis has been taking place in the European Union since the end of 2009. Several eurozone member states (Greece, Portugal, Ireland, Spain and Cyprus) were unable to repay or refinance their government debt or to bail out over-indebted banks under their national supervision without the assistance of third parties like other eurozone countries, the European Central Bank (ECB), or the International Monetary Fund (IMF).

Brexit 2016 - 2020

Brexit is the withdrawal of the United Kingdom (UK) from the European Union (EU). Following a UK-wide referendum in June 2016, the Brexit process began in March 2017.

Covid-19 Pandemic - 2020 -

We are yet to see the final result of the pandemic  on the Global economy but already there are millions out of work, the supply of goods and services threatened and a massive loss on the stock market.  The world economies have slowed as people are forced to stay home.  The impact of the Virus will have a massive financial upheaval.