Great Depression Or Not ? By Robert Gover, USA

Robert Gover (born November 2, 1929) grew up in an endowed orphanage (Girard College in Philadelphia), received a B.A. in Economics from the University of Pittsburgh, worked as a journalist, became a best-selling novelist at age 30, lived most of his life in California, and now lives in Rehoboth Beach, Delaware. On the Run with Dick and Jane is his ninth novel. His previous book, Time and Money, explores economic and planetary cyclical correlations. His first novel, One Hundred Dollar Misunderstanding, a satire on American racism, remains a cult classic that helped break down America’s fear of four-letter words and sexually explicit scenes, as well as sensitizing Americans to sanctimonious hypocrisy. He can be contacted at or

 Great Depression Or Not ?


Robert Gover, USA

Among financial experts there is a huge disagreement as to whether the USA (and world) is headed into another great depression.

From an astrological perspective, both pro and con financial opinions are right—that is, stock markets are likely to rebound and indicate we are out of depression danger before they sink again into numbers as bad as or worse than the 1930s.

The worse stock market crash so far in 2008 occurred September 15 when the Full Moon was conjunct and opposite the current Saturn-Uranus opposition, which at the time was conjunct and opposite the US Neptune, square the US Mars. The Dow Stock Index dropped around 500 points, setting off comparisons to the Crash of 1929.

The Crash of ’29 also occurred when the US Mars-Neptune square was hit—but at that time it was hit by an opposition of Jupiter and Saturn afflicting the US Mars-square-Neptune, with the Moon conjunct the US Neptune.

The Crash of ’29 was closely followed by a grand cross pattern formed by a Uranus-Pluto square afflicting the USA’s Sun-Saturn square. (Of course other planets were also involved but to keep it simple, I am focusing only on the Uranus-Pluto square.)

The USA’s Sun-Saturn square is due to be hit full force by a Uranus-Pluto square that will first come exact in 2012 and be most potent in the mid-2000-teens.

The Uranus-Pluto square of the 1930s came most exact in 1933 with Uranus at 20 Aries and Pluto at 20 Cancer. The upcoming Uranus-Pluto square will come exact in January 2012 with Uranus at 8 Aries and Pluto at 8 Capricorn. Pluto will be roughly opposite where it was in the ‘30s.

The mid-1930s was when unemployment hit its peak of around 25%. Layoffs occurred rapidly between the end of 1929 and through the early 1930s.

This time, the movement of the pertinent planets suggests that unemployment will sink more gradually and peak sometime after 2012, probably in 2015.

In other words, this time the build-up of economic problems will occur over seven years, as compared to four years in the 1930s

In my book Time and Money: the Economy and the Planets, I said that we went into the great depression of the 1930s via a crash that resembled going over Niagara Falls in a barrel, but that we will get into the coming great depression via a series of stock crashes that resemble whitewater rafting down the Snake River. There will be up moves during the coming three years that will make it appear we have avoided the worst—only to be followed by more frightening drops, and the bottom won’t come till around 2015.

I base that forecast on a comparison of the Uranus-Pluto square of the 1930s and the upcoming Uranus-Pluto square, which is only now (4Q 2008) beginning to have its effect.

Two economic studies are of interest here: Fisher Investments and Martin Weiss’ Safe Money Report. Fisher predicts the economy will not sink into another great depression while Weiss predicts the coming great depression is likely to be as bad as or worse than the 1930s. Both can be found online.

Both Fisher and Weiss buttress their opposed predictions with roughly the same economic data. The main difference is that Weiss peers further into the future than Fisher. Weiss says, in effect, that what can go wrong, will go wrong, and he sees a lot of economic sectors poised to go wrong. By contrast, Fisher cites important differences between the 1930s and now, indicating that economists have learned from the 1930s and will avoid past mistakes.

The Weiss prediction correlates with those made by astrologers who specialize in the stock market and overall economy, including my own forecasts. The history of hard angles from Uranus tells us to “expect the unexpected.”  The history of hard angles from Pluto tells us we are moving into a time of tremendous change. The history of great depressions during the 1800s suggests that solutions of the past are not likely to solve problems of the future. Each new major economic crisis presents new problems, requiring new remedies.

Many economic forecasters today (as in the 1930s) believe in a kind of self-fulfilling prophecy effect. Economist John Kenneth Galbraith, in his classic The Great Crash: 1929 (Houghton Mifflin), captures the superstition of that time (page 94):

“In Wall Street, as elsewhere, there is deep faith in the power of incantation. When the market fell many Wall Street citizens immediately sensed the real danger, which was that the income and employment–prosperity in general–would be adversely affected.  This had to be prevented. Preventive incantation required that as many important people as possible repeat as firmly as they could that it wouldn’t happen. This they did.”

Yet it happened anyway. Keeping a positive attitude is not to be confused with wishful thinking. The modern economy is so vast and complex; it’s about as responsive to incantation as the weather. Once a hurricane has built up momentum and is on its way, there is nothing we humans can say to stop it. But there is plenty we can do to mitigate its destructiveness.

The Uranus-Pluto square has a history of bringing massive changes in unexpected ways. To cite just two examples:

  • The decade after Columbus ran aground in the Bahamas in 1492, the indigenous people of the Americas were almost entirely decimated, while Europe and Asia were transformed by huge imports of gold and silver. (Uranus in Aquarius, Pluto in Scorpio.)
  • The 1760s in the American Colonies, following what Americans call the French and Indian War, led into the American Revolution when governance was turned upside down, ending rule by kings and launching rule by the ruled around the world. (Uranus entering Aries, Pluto leaving Sagittarius and entering Capricorn.)

Past history suggests that what we face is not just another depression but a decade or more of cultural and/or systemic change. Its basic assumptions and beliefs those are due to change. Not only does our present economic system make the rich ridiculously richer and the poor tragically poorer, a build-up of environmental problems must be dealt with. Beliefs now woven into our sense of reality will have to be ferreted out and jettisoned.

Some define this as “our planet imperiled.” But it’s not our planet that’s imperiled; it’s our human species that’s in danger of fouling our Earthy nest to the point where we may become extinct. Planet Earth will go whirling on through space with or without us.

This crisis we’re now entering is indicated by the unprecedented long duration of this now-forming Uranus-Pluto square, in combination with dire economic and environmental conditions. By the year 2020, I doubt that we will still be making comparisons to the 1930s. The more apt comparison will be the early 1500s.

The good news is that the Obama Administration is poised to launch a massive public works project to upgrade the USA’s crumbling infrastructure and deal with the weather-effects of climate change.

Unlike previous administrations, Obama has indicated he will enlist the active participation of the American population. Rather than slumping into personal hopeless depression, people would become busy doing what needs to be done. If Obama keeps his word, it will promote a mood of cooperation and can-do determination, so that instead of being destroyed by fear and greed, we may prove equal to the tasks we face and create a new reality.


Related Posts