Banks, Baby Boomers & Generational War

A Triple Whammy:
Banks, Baby Boomers & Business Bust

This is a long post, so settle back into your chair and take in all that is considered here. There's a definite sense that something is truly wrong with the state of the world these days.

Two years into what has been called the most severe economic downturn since the 1930s, the Great Recession of 2007-2009 has been declared "over" in the autumn of 2009 by government officials, Wall Street, and media pundits alike.

I ask, you cannot be serious?

Nowhere does it appear that the economic recession of 2007-09 is over except in the fantasies of those who would dare say such a thing in light of the true facts:

• One of every six Americans are unemployed/underemployed
• There are eight+ million Americans out of work & growing
• Business contraction expands
• Economic output continues to contract
• There will have been 5,900 bankruptcy filings a day for 2009
• Foreclosures continue with residential housing weak
• Commercial real estate bubble is bursting
• Lending by banks remains frozen
• Entrepreneurs & new businesses cannot gain funding

What is clear is this: the generation that has produced the greatest economic crisis since the Great Depression does not know what it is doing, and has to move on and retire, or the future of the country is going to put at even greater risk.

For instance, a September report from the International Monetary Fund showed that the type of recession that the United States is having, one caused by politicians, lobbyists and the financial community, is known to lead to longer term damage to a nation's growth prospects. "the path of output tends to be depressed substantially and persistently following banking crises," the IMF report said.

In short - the future of the country is at stake.

Economic recessions in general often result in lower wages, incomes, higher unemployment, and lost opportunities for the development of human capital - the most important capital of all.

This is called, "economic scarring" and is the feature of this important 2009 study by the Economic Policy Institute.

See - http://www.epi.org/publications/entry/bp243/

Bad Banks, Desperate Fed & The Screwed American Saver

According to my calculations, the world transits from now to the spring of 2011 indicate that unless great shifts are made to infuse younger workers into the economy that the long-term impacts will undoubtedly be so severe that it will take until the late 2020s and early 2030s to correct.

This is because that the generation shift that is now underway is happening too slow, and, as a result, is keeping a greater number of people out of the job markets, forcing the non-creation of new companies, to meet the demands of an aging generation that is consuming ever more resources with massive levels of debt, but creating less - leaving very little for the next generation to build on.

In addition, the policies of the Federal Reserve and U.S. Treasury shows that the push is to force American's to spend and consume rather than to save, which has been the direction of most Americans since the economic crisis began. High inventories from unsold products continue to be a drag on the overall economy, and this over capacity is behind the Fed's moves to keep the "bubble" alive for short term gain.

It will not work.

Amazingly, some large banks, like Wells Fargo, is betting on yet another housing bubble by issuing new thousands of "interest-only" loans deferring the balance of its borrowers between six to 10 years. This bank - the fourth largest in the country - has more than $107 billion dollars in debt of the dreaded "option-adjustable" rate mortgages. "we're banking on the fact the economy will improve and recover over time," says Michael Heid, co-president of Wells Fargo Home Mortgage.

The housing market has tanked, unemployment continues to skyrocket into double-digits and the world has seen about $50 trillion of global wealth evaporate. Just where is the money going to come that will see people rush out to buy houses and commercial properties that were priced much too high relative to their real value?

The reason why banks are not lending is simple: they are scared to reveal the true losses from the folly of investing in the derivatives market over the last 15 years. If the banks return to lending they will have to face the truth behind the immense losses on their books, so, rather than do this, they have tightened lending standards - which is zero - and using the bailout funds from the American people to cushion themselves while Americans on Main Street suffer as Wall Street hands out billions in bonuses to the very people who caused the economic crisis.

Let's be clear: this economic crisis is really a banking crisis, and it started with the banks; especially big banks, whose executives, and lackeys in Congress, initiated the most expensive experiment in the history of the world - with other people's money.

Now that the banks will not lend, the only lender left is the Federal Reserve and U.S. Treasury - both entities are now becoming the largest lender of non-prime loans in the history of the world.

Not many Americans know that over the last seven (7) years the U.S. Dollar has fallen 33 percent, and continues to drop. One economist put it this way:

"In global terms we are steadily getting poorer and poorer and the Fed and U.S. Treasury are happy to oblige. You need to remember that it would be very easy for the Fed to strengthen the dollar. All they need to do is increase the federal funds rate to encourage saving. Yet, the only people that are saving right now are foreigners and many are happy to invest at zero percent rates of return."

Is this a good thing?

"It depends," the economist says. "If you enjoy a weak dollar that is systematically being attacked."

What is happening is that the Federal Reserve is desperately trying to create inflation to get the country out of its massive debt since in a deflationary climate having debt is not a good thing at all. One reason is that asset values are falling as the value of the note stays the same.

"Housing is a perfect example of the problem," the economist said. "Say you bought a home for $500,000 and took out a $450,000 mortgage. That home is now worth $300,000. Say a current buyer purchases a similar house for $300,000 today and takes out a $250,000 notes. You then still have a $450,000 mortgage and the new buyer has a mortgage that is $200,000 cheaper than yours."

So, you can multiply this over a thousands times, and see why there's a housing crisis in this country.

At this time, the Federal Reserve is pulling out all the stops trying to get credit flowing again, but the banks are not biting.

So what will work?

Some economists say that radical means are required to take the reins away from the same bankers who brought us the Great Depression.2:

Nationalize all banks to enforce lending standards - The rational behind this is that by doing so, lending standards can be greatly eased and at the same time the government can directly oversee just how the money is being dispersed. If this is not done, then banks who continue to receive bailout money will continue not to lend at all as they look for banks to consume who can add to their bottom line - making it "appear" as if their bank is healthy while other banks that do receive bailout money continue to dissolve, as is happening now.

It appears that in these times those who are the losers are those who save another economist says.

"If you look at the savings rates at your local banks you are looking at another zero interest rate policy. The notion of dollar cost averaging into the stock market has gone out the window for probably a generation.

"If we were to go back to historical rates of 5 or 6 percent many savers would start storing money especially given the current economic shock. Yet we are doing the opposite. The Fed now is trying to make rates so low that bankers would be forced to lend."

But here is the bad news from the banks: They would rather have a zero percent rate return than face certain losses to bad borrowers who are in debt, foreclosed on, and unemployed.

Back in 2007, I read an unusual fictional novel titled Discipline, written by Paco Ahlgren, a financial analyst who studied quantum physics and spiritualism. In the novel, Ahlgren predicts a "Soviet-style breakup of the U.S.," he says may result from the simultaneous collapse of the equity markets, the failure of the U.S. dollar, and its replacement by competing private global currencies.

What does he think about the current state of monetary affairs?

"There are so many factors at play here," Ahlgren says. "Let's say the Fed makes good on its threat to buy the long end, to hold rates steady at these levels, or even bring them down further. How are they going to do that?

"They're going to have to print dollars and that's just inflationary. I don't care what kind of spin the Keynesians try to put on it. It's inflationary. We're getting into a situation where our government is printing currency and then loaning it to itself. It's just laughable.

"A lot of the TARP money went to institutions that dumped them into Treasuries, but how long will that last?" Ahlgren asks. "How long are managers going to accept these absurd rates of return from a bankrupt government? And how long are they going to perceive Treasuries as safe?

"The U.S. has pledged $8.5 trillion to bailouts -- more than all other programs and wars in our history, in real dollars, combined! We've gone from being the biggest creditor nation to the biggest debtor nation on earth. We're consuming everything, and we're not making anything! We're a nation of spoiled rich kids who sit around and watch television all day. How long do you think the rest of the world is going to continue to lend us money?

"I mourn for the U.S. Dollar," the economist said. "It is a very tough time to be a saver with our current Fed and U.S. Treasury destined to annihilate our once mighty greenback."

A Coming Generational War?

A situation of immense proportions after the economic madness since the early 1990s has come home to roost just before the start of the second decade of the 21st century begins as a aging generation not only consumes huge amounts of current resources for its own enjoyment, but also the future resources of others - at the same time.

What is most interesting in late 2009 is the fact that some of the same people of the establishment who played significant roles in the economic crisis continue to influence policy with incredible levels of ignorance designed to satisfy the current aging generation at the expense of younger generations who will inherit this mess.

Many younger people are very angry with Baby Boomers because they say that not only has this generation created the economic mess, but that they are taking jobs away from Generation X and Generation Y - refusing to retire at a time when most younger people need to get into their own careers to build equity for the future and to lead the country out of economic crisis.

See - http://samueljscott.wordpress.com/2008/06/26/why-my-generation-is-pissed-off/

"When an older generation dies off, its wealth, jobs, and responsibilities are transferred, through inheritance and other means, to the young generation. The next generation uses this capital to obtain jobs, get married, buy homes, raise families, and create more wealth. Then they will die off, and the circle continues. This is how society must function."

See - http://samueljscott.wordpress.com/2009/09/12/the-upcoming-generational-war/

What is amazing about this is that many Baby Boomers, now in their early 70s, 60s, and late 50s, do not seem to be clued in to the immense amount of anger from younger people that is felt about their time as the establishment. Anytime this issue is brought up it is met with immediate defensiveness to evade the issue by any means necessary.

There is the immediate response from among many Boomers that it is not right to "blame all the woes of the world" on one generation, or, will refute the concerns of younger generations with comments designed to avoid all responsibility for their years as the ruling establishment.

A typical defensive response from a Baby Boomer is seen here:

"I am sick of the crap spewing from the mouths of immature children on the Internet. I deal with many of these kids on a daily basis and the vast majority of them are wonderful but every now one pops up tells me, literally, that I need to retire, or better yet, die. These same piss ants living in mom's basement infest the Internet and somehow believe that their one year of college and Mickey D's experience entitles them to a $40k managerial job drinking diet sodas and smoking weed. I'll quit now else I really start ranting-- I'll close with Rambo's great line, the heart of Vietnam veteran breaks here, 'All we ever wanted was for our country to love us as much as we loved it.' "

It's as if there is a need to deny the obvious; allowing little insight about this generation's failures personally, while casting blame not where it is due, but onto those who have not been holding any of the reins of of power at the Establishment during the last 17 years. This attempt to deny that any generation is responsible and held accountable is typical of many Boomers today, and it is frightening.

The reason why it is scary is because it feeds into a general denial of nearly everything that is important in these times. Many people have noticed that the Baby Boomers generation is in denial about their own aging, as if it is not happening and feel entitled to not only remain in the same positions they've held for 30 years, but intending on staying put - yet every generation ages. Not one single generation has ever lived forever.

Trend watchers are very concerned about all this as it is estimated that 10 million Baby Boomers will come down with Alzheimer's disease as well as suffering from a host of maladies associated with aging and not prepared to deal with the realities of being elderly.

We find that there are shrinking amounts of primary care physicians able to meet the challenges of the Baby Boomer generation's aging population, and elder care facilities are nowhere near capable of meeting the expected influx of tens of millions of Baby Boomers about to swamp the healthcare system. Little is being said about this, but the time is growing near where reality will set in and these matters must be faced. Time is a very formidable opponent for those who deny it and do not prepare for the passages of life.

We find most Baby Boomers entirely unprepared for aging, and for retirement - stating that they will work until they drop when no other generation in the history of the world has ever done this.

What to make of all this denial?

One non-Boomer put it like this:

"The word “entitlement” has picked up a negative connotation it shouldn’t have. If you go to the bank and deposit $20, you are entitled to get your $20 from the bank. If you fulfill your half of a contract, you are entitled to the other party’s performance.

"Sure, its a problem when you feel you deserve something you don’t deserve—but there is nothing wrong with acknowledging a legitimate debt. So let’s ask why some people in their 20s might feel the older generation hasn’t kept its end of the bargain…

"For those who just graduated, there was no job. That’s not technically true. There was a job—but somebody older has it and isn’t letting go. It turns out the whole system is rigged. Education and intelligence and everything we were told was important turn out to be worth nothing next to seniority and experience…

"Take health insurance. Decades of pressure to lower wages for new hires and cut benefits means that the employer-provided system means that even if you can find a job, it probably won’t offer health insurance.

"Paying for insurance out of pocket is prohibitively expensive if you’re healthy and coverage is entirely unavailable if you’re not. And if you have a minimum-wage job serving coffee, you’re still getting a chunk taken out of your paycheck to finance a program that won’t be solvent by the time you’re old enough to use it.

"But any effort to change this system is met with seniors screaming about communists taking away their medicare. And if 20-somethings back a legislative initiative that would help them obtain coverage, they’re slackers living in their parents basements. And let’s not even get into the individual mandate in the health-reform bill that will require the healthy and young to subsidize the health-care of their older and generally wealthier parents.

"Should twenty-somethings who have done everything asked of them their entire lives feel like somebody pulled one over on them? Probably—but bad things happen. And hopefully all those years of education taught us enough empathy not to be vindictive.

"Call us gullible—but don’t call us lazy or selfish. If some of us push for a few reforms that could help us succeed even when our parents have dropped the ball—back them, and be thankful that we’re not talking outright revolution."

If any generation should be very keen on what is happening in this light - it should be Baby Boomers, considering the history of this generation in their own establishment wars of the late 1960s and early 1970s.

It is important for Baby Boomers to clearly understand that the generations that follow them - Generation X and Generation Y - are seething with anger at the mess that is being left behind and of the immense resources that have been squandered by a generation that should have clearly known better.

World Transits

All of the above is a serious problem because it foreshadows trends that will become front and center in the 2010s. This is seen by the global transits that show strong radicalism rising among the younger generations and seething anger at those deemed responsible for creating the mess.

The world transits of 2010s are very challenging. It will be this decade that will be the decade where the aftereffects of the 18 prior years of the Boomer establishment will be felt most. It will be a painful, radical, and stomach-turning decade filled with revelations and seething with anger at the truths behind the economic depression along with its causes, promoters, and authenticators.

The most powerful of the global transits will be those of the outer planets - Jupiter, Saturn, Uranus, Neptune and Pluto - as these celestial bodies in mundane astrology reflect the effects of generational incompetence, corruption, greed and ideological wars that will, when all is said, and done, be shown to have led to the crisis of the next decade.

It has started already, and is now in its early stages. The year 2010 sees the Cardinal Crisis transits that will continue into 2011, and by 2012 through 2015, there will be seven (7) exact squares between Uranus and Pluto that reflect revolutionary and radical battles that originated back in the 1990s and 2000s.

The year 2010 is the great transitional year where many hidden truths begin to be revealed and causes many who would have been more understanding and friendly to become even more outraged at the tremendous wealth and future resources that have been squandered, stolen, and misused to support a generation that sought only their own personal fulfillment - with massive consumption on itself in the short-term - at the expense of the futures of their own children.

All this will come down as the Baby Boomers will have since been shown the door and retired; yet, the tremendous burdens placed on next establishment, Generation X, as well as on the children of the Boomers - Generation Y - will be so great as to usher in a generational war that demands accountability from an elderly generation that is no longer holding all the cards under the mantle of the reins of power.

Each generation has its own time as the ruling establishment, and as such, each generation is judged by its own time in power, its own actions as a generation. This time usually lasts about 17-18 years, and, under this astrological cycle, the establishment of the Baby Boomers, which began in 1993, and that is now coming to an end; indicates that it will be impossible for the Boomer generation to even consider undoing the catastrophic damage it has done to the country, and the world over those years.

Even some Baby Boomers themselves realize this:

See - http://www.wnd.com/index.php?pageId=44881

See - http://www.youtube.com/watch?v=vpNZi9UjmhQ&feature=channel

Another Baby Boomer put it this way about his own generation:

"Some generations are better than others. I think my generation dropped the ball completely, and yeah, I'm sorry. We were supposed to be the generation that learned the lessons of Vietnam, and Watergate amongst other things and yet here we are, in Iraq, here we are in Panama, Grenada, El Salvador, Nicaragua, Kuwait. Here we are after 8 years of corruption and abuse of executive power that makes Nixon look like a boy scout.

We abdicated our responsibilities as citizens while we focused on personal fulfillment. We turned the economy over to the greediest and most corrupt people in our country while we went shopping and focused on our kids resumes.

We watched one corporate crime wave after another inflate and burst bubbles dragging us into one recession after another; and we learned absolutely nothing from any of these experiences.

Now our kids are graduating into an economy in shambles, albeit with impressive resumes. Not only do they inherit a war, they inherit two wars.

We're the only generation in US history to pass two wars on to the next generation.

And now we stand in front of them at graduation and say what exactly? The excuses offered are so banal they're beneath contempt. The only advice we can offer with a straight face is: "don't do what did."

The Coming Jupiter-Uranus Conjunction of 2010

Astro Notes: June, July & August 2009
Close of an Era - Jupiter's Transits - Lunar Nodes Changing

As the world enters into the July-August cycle of 2009, the world seems a confused and total mess with people's minds and actions running in several directions at the same time. The world news reflects this confusion and angst over the present, and even more so when it comes to the future.

As the world economic crisis continues to develop, populations around the world are seething with frustration and anger at the chaotic environment that has disrupted the lives of tens of millions of individuals, families and businesses.

As unemployment rates climbing in double digits, and declining consumer spending combined with the continuing loss of manufacturing and ever declining residential and commercial real estate values - the year 2009 is turning out to look more like a continuation of the disastrous year of 2008.

Is there more of the same to come? Or will 2010 see movement towards a more positive global climate?

We see an number of important astrological shifts taking place this year that will close one era and open another in mid-2009.

• Lunar Nodes Changing Quality August 21. 2009
• Saturn Enters Libra Briefly & Squares Pluto (Oct. 2009 to April 7. 2010)

The most important of these is the coming re-setting of the New Moons cycle in July 2009. The previous New Moon cycle that began in September 2006 ends in mid-July 2009.

This fresh series of New Moons will extend into May/June 2012, and covers a period full of major astrological configurations that open up a new historic era for the Earth.

Most of the concerns continue to be the economic impact on society. The generational shift now occurring from the outgoing Baby Boomers who leave middle age and enter their senior citizen years to Generation X who enter their middle age years as the incoming establishment will be completed by the start of the year 2011.

The changes from one establishment to another is seen by the movement of the outer planets of Jupiter, Saturn, Uranus, Neptune, and Pluto - which are transpersonal planets that affect large populations worldwide.

The ingress of Pluto into tropical Capricorn in November 2008 signals this change, as Jupiter, Saturn, and Uranus continue to head towards the seasonal cardinal points of Aries and Libra between 2009-2011.

The movements of the outer planets signal historic changes taking place globally. How people respond to these changes and adjust their lives will depend on each individual and groups; especially those making decisions that have already altered the lives of many millions of people around the world.

These themes represent the old versus the new, and change versus stagnation; represented by the ongoing Saturn/Uranus opposition. The themes reflect the aging of Baby Boomers, showing resistance to change, mainly via generational angst over aging, and younger generations who face having to resolve old issues that are not their own while simultaneously seeking to work for the future.

The current stagnation is a reflection of this generational "angst" which, if not resolved soon by the generation in question, will become resolved by the transits of the outer planets themselves. Change is coming, according to the movements of the outer celestial bodies.

Rising Death Rates

People the world over have been noticing a series of rising notable deaths over the recent months of 2009, and were further shocked on June 25, 2009 when the death of superstar Michael Jackson was announced. Jackson, who was pronounced dead of a heart attack at the age of 50 on that day.

This came on the heels of the death of 62-year-old American actress Farrah Fawcett from cancer the same day. Both deaths were preceded by the mysterious death of American actor David Carradine on June 3 in Bangkok, Thailand. There was also the death of ailing television star Ed McMahon on June 23.

On June 28, another 50-year old, American TV infomercial pitchman Billy Mays, was pronounced dead at his home in Florida on the morning of June 28. Although not clear how he died, Mays reported that he was struck on the head after a US Airways Flight he was a passenger on the previous night blew its front landing wheels on arrival at a Tampa airport.

What appears to be happening is the return of a coming higher rise in mortality rates associated with the transit of Jupiter. During the spring, summer and autumn months of 2009, Jupiter conducts a triple conjunction to the planet Neptune, and will also be conjoined by the planetoid Chiron, in the tropical Sign of Aquarius.

The exact dates of Jupiter's triple conjunction to Neptune in 2009 are:

• May 25
• July 13
• December 20, 2009

See Notable Deaths of 2009 -
http://www.newsday.com/news/local/sns-2009-deaths-pix,0,2185649.photogallery

Though some of the notable deaths were of people above the ages of 70 - there are also a number of deaths of those in the 30s, 40s, and 50s, and many of these have increased as Jupiter's position in tropical Aquarius inches ever closer to it coming historic conjunction with Uranus in 2010 and early 2011.

These rising death rates often accompany the transits of Jupiter, and are also associated with the transiting Nodes of the Moon at this time, are along the Aquarius/Leo axis and reducing towards changing quality onto the Capricorn/Cancer axis in late August 2009.

During the month of June 2009, the Lunar Nodes are at their strongest along the 0-1 degrees along the Leo/Aquarius.

The Leo/Aquarius axis is ruled by the Sun, Saturn, and Uranus, and is often associated with congestive heart failure, and accidents. Many of the notable deaths have been reported as involving those who suffered heart attacks.

With the conjunction of Jupiter, Chiron and Neptune, along with the coming end of the transit of the Lunar Nodes along the Leo/Aquarius axis, and with the coming conjunction of Jupiter to Uranus in 2010, we can expect to hear of increasing mortality rates for some time to come.

Jupiter & Uranus Conjoin
Historic Times Ahead

In 2010, Jupiter enters tropical Pisces on January 17/18 and will conjoin Uranus (in Pisces since 2003) exactly on these dates:

• June 6, 2010 - both planets meet first at 0-Aries
  
• September 22, 2010 - in tropical Pisces
• January 2nd, 2011 - in tropical Pisces

The conjunction of Jupiter and Uranus in the tropical Signs of Pisces & Aries during 2010 and 2011 signifies an historic point has been reached for the Earth.

Jupiter, which conjoined Saturn in May 2000, will also reach the first of its several oppositions to Saturn during the period 2010-2012.

The conjunction of Jupiter and Uranus is historic in the annals of Mundane Astrology whenever these two planetary giants meet. Coming after the triple conjunction between Jupiter and Neptune in 2009, we see another forming between Jupiter and Uranus in 2010-11.

These kinds of triple conjunctions between the outer planets only occur about twice every 10 years; yet, with the positions of Uranus and Neptune, transiting Jupiter will form one in 2009 (with Neptune) and follow with another triple conjunction with Uranus the year after. This signals significant global changes on the horizon.

In the signs of Aries, we see Jupiter and Uranus meet in early and briefly in June 2010 before turning back into tropical Pisces in August 2010 (Uranus) and early September 2010 (Jupiter) before both emerge again, and enter Aries for good by January 2011 (Jupiter) and March 2011 (Uranus.)

The global influences will extend into all sectors of human endeavor: from the purely personal to the professional. The year 2010 and the conjunction of Jupiter and Uranus offers "previews" into the coming decade of the 2010s.

It is a time to take risks, and to explore unconventional ways of gaining opportunities towards personal and professional success. Lives will continue to change, with populations shifting towards new lives in new cities, and careers, and long-standing relationships coming to an end with new relationships beginning.

All of the astrological configurations point to fresh starts for many people, and for some, endings that open into new beginnings for those who are courageous to forge ahead into the new era.

Unconventional actions mixed with vision, common sense and tolerance are among some of the best ways to utilize a Jupiter/Uranus conjunction. Those who are able to maneuver and adjust around the collapsing sectors of structures that have outlived their usefulness will be better able to not only survive - but to thrive - in the coming decade of the 2010s.

The opposition of Jupiter/Uranus to Saturn in 2010-2011 reflects that new, emerging worldviews will clash against outdated and stagnant worldviews of the late 20th century.

People who refused to adapt by choosing to remain frozen in their ways and outlooks, and who by choice, are threatened by change, will find later that they have seriously neglected essential areas of their lives that they should have paid closer attention before the world transits have set in for good.

It will not be easy to work with people who are resistant to change. These are people who are afraid of the future, and thus prefer to stick solely with what they believe will work based on the outdated practices that has proven not only faulty - but entirely useless in light of the crumbling of old structures.

Much of this fear is based on many in western society who see retirement as a negative thing, and who have not prepared themselves for the facts of life of aging. Many people are unaware that world transits clearly show that the materialistic structures they've depended on all of their lives is now crumbling due to widespread mismanagement, corruption, and the lack of vision and foresight.

• Saturn's transit towards Libra, and its square to Pluto in Capricorn shows old structures being totally cleared out to prepare for newer structures.

• The Saturn/Uranus opposition reflects the battles between conventional and unconventional forces and worldviews. The "old" versus the "new."

• The Jupiter/Saturn opposition further enhances the world changes from the old, failing ways towards the new.

All generations age, and the transits of Jupiter, Saturn, Uranus, Neptune and Pluto indicate that the generation once associated with "youth" - the baby boomer generation - must now enter their retirement years.

This once youthful generation of the post-WWII years have now become grandparents and senior citizens, and many clearly are not ready to face these facts. However, the global transits will continue to remind this generation that the torch has been passed and that they must prepare for decade ahead.

Those among the millions of aging Baby Boomers who are not afraid of aging and who have prepared themselves for retirement without using the word in a negative connotation will do much better than those who are not prepared.

The transits of Jupiter, Saturn, Uranus and Pluto are very much active in passing the torch from one generation to another. Each planet will inhabit cardinal signs - seasonal points - which in mundane astrology clearly reveal that one age is closing and that another new age is opening.

Under the transits of these outer planets - there can be no more procrastination. The effects of time must be faced in accordance with the laws of the cosmos, and the outer planets of Saturn, Uranus and Pluto and their positions relative to one another and the Earth clearly show that the time for change has arrived.

Those people who remain stuck in conventional ways of thinking and refuse to compromise with creative people - especially when it comes to money and materialism - will find it very very difficult during the entire decade of the 2010s to rebound after losing multiple previous opportunities due to their own refusal to adapt to world transits.

The world is evolving, and significant changes are becoming more inevitable. How these local, regional, international and global changes play out in the 2010s and 2020s will greatly depend on the ability of populations to progress themselves individually, and humanity, as a whole, towards a healthier worldview that is not solely based on the cynical acquisition of personal material wealth and the perceived power that comes with it. For none of these things can halt the passage of a single second. Time is not money, and never was. Money can always be recovered, but the loss of time cannot.

By 2010, most of the world will clearly understand that times are truly changing, and this means that every single person of adult age must adapt to these changes. Jupiter's transit towards Uranus, and both, towards the first point of tropical Aries signals a new era opening by 2011.

The year 2010 is a major transitional year that points us towards a new decade and heralds the true start of the 21st century. The world transits of 2010 closes the door forcefully on the 20th century. Those who are prepared to courageously face this new era with creativity, positive energy and visionary drive will be much better suited in surviving the challenges of the 2010s and 2020s.