Pluto in Capricorn is the great tracker of all matters economic on a macro-level. You could write a history of money through the times of its appearance, roughly every 250 years. Charlemagne in the 8th Century – had an important role in determining the immediate economic future of Europe. He standardised the monetary system which unified the complex array of currencies in use at the start of his reign, so simplifying trade.
Kublai Khan two Pluto in Capricorns later: is considered to be the first of fiat money makers (i.e. paper money not gold or silver). The paper bills made collecting taxes and administering the huge empire much easier while reducing cost of transporting coins.
The next Pluto in Capricorn in early 16th Century Europe saw the start of Mercantilism. And exactly on cue by the next Pluto in Capricorn in 1776 the Scottish economist Adam Smith was critiquing and rejecting Mercantilism in his book Wealth of Nations – Smith’s work helped create the modern academic discipline of economics and provided one of the best-known rationales for free trade.
The present Pluto in Capricorn picked up in 2008 with the resounding US and global financial crash. Little was learned from the meltdown; and the wholesale rethink of the system that was needed never took place. So it was always on the cards that the necessary correction would happen sometime before Pluto’s exit into Aquarius in 2023/24.
Saturn moving into Capricorn last year heading for a last decan conjunction with Pluto in 2019/2020, on its own, is an indication of a recession. But given the larger picture, it could be the catalyst for a tectonic shift that should have happened after 2008.
And by 2022 Saturn in Aquarius is square Uranus in Taurus which is usually also a sign of a financial crunch. There was a Saturn opposition Uranus in 2009/2010 just after the 2008 crash.
In 2010 Edmund Conway of the Telegraph wrote: ‘The international monetary system has failed, and there is no one willing or able to come up with a reconstruction job.’ He suggested that a coherent international monetary system would only come either 1) after another crisis (perhaps sovereign debt, perhaps a full-blown currency war). Or 2) when one economic superpower gives way to another after a period of chaos.
The EU, UK, Germany all have Uranus moving through their 8th house of international and business finances from now onwards for the next few years until after 2025, so they are into an unpredictable and unstable phase.
The previous time Uranus moved into Taurus in the mid 1930s, it was just under way for the Jarrow March against poverty and unemployment in the UK, as well as Hitler’s rise to power and ran till 1941.
Addendum for economic not-quite-illiterates like me: Bretton Woods Conference in 1944 started a process to avoid the disaster of the 1930s, when US insistence on repayment of Allied WW1 debts, plus an isolationist, ‘beggar thy neighbour’ attitude led to a breakdown of the international financial system and a worldwide economic depression. Governments had used currency devaluations to increase the competitiveness of their exports and worsening other nations’ deflationary spirals, which resulted in plummeting national incomes, shrinking demand, mass unemployment, and an overall decline in world trade.