Federal Reserve Chairman Ben Bernanke is dancing as fast as he can at the Fed, but ultimately Pluto in Capricorn is going to determine when the music stops. Pluto moves very slowly and it’s early days, since the demoted planet is only at 0 degree of Cap and will soon retrograde back into Sagittarius. Still, Pluto has the potential to bring about nothing less than a restructuring of the world financial system by the time it leaves Capricorn in 2024.
What might this entail? Well, the dollar’s descent could lead to the introduction of a new currency along the lines of the euro. Think it can’t happen here? Think again. A visionary friend of mine who has telepathic contact with the gnomes of Zurich 🙂 tells me the replacement for the U.S. dollar is called the “amero,” and that it will also incorporate the Canadian dollar (the “loonie”) and the Mexican peso, bringing together the currencies of the three partners in the North American Free Trade Agreement (NAFTA).
The once-mighty greenback might not be the only part of our financial system headed for extinction; the Fed also appears to be on the endangered species list. Mike Mandel of BusinessWeek is one top economics writer calling for the creation of a global central bank. You can read more about what Mandel has to say here.