The demotion or de-planetization of Pluto by the astronomical community could have profound economic and political repercussions. Pluto was discovered in 1930, just as the world was entering the great depression. It is the ruling planet of all things held jointly and shared. Within two years, F.D.R. was elected and began a massive societal push to the left aimed at sharing the wealth of this nation with all its people. He began many programs including social security and unemployment benefits to protect the population in their times of distress.

The Great Alignment of February 1962 in Aquarius again pulled the society to the far left. Lyndon Johnson continued Roosevelt’s work by signing the so-called entitlement bills into law. For almost 40 years these laws have held fast, protecting young mothers, the infirmed, the homeless and the elderly.

The Great Alignment of May 2000 in conservative Taurus has since pulled the society violently to the right. The Republican White House and congress have attempted to overturn virtually all of F.D.R. and Johnson’s programs, all Pluto ruled programs, including the highly publicized failed attempt by Bush to privatize social security. The de-planetization of Pluto is an outward manifestation of the collective’s true direction. This nation, and in fact, the whole world, is turning away from many of the concepts that Pluto embodies. In New York City mayor Bloomberg recently announced his plan to deal with poverty; he is only interested in helping children and young adults seeking work. He sees this city as a company, and himself as CEO; and as any CEO would do, he wishes to get rid of the burden taking care of the old, homeless and infirmed would create. He intends to dismantle many of the programs the poor in New York City rely on. One only has to look at the present housing market in New York to recognize what is happening. We are turning into a society obsessed with personal wealth and responsibility only to a small circle, and away from collective accountability.

During the time I worked on the floor of the Mercantile Exchange in New York City my research convinced me that Pluto also rules oil and the trading of it. I made a number of long-term predictions in my newsletters. One, which I began to write about in 1998, was that oil would reach $80 - $100 a barrel by 2006-7. At the time it was trading around $32 a barrel. Many people thought I was crazy. This prediction was based in part upon Pluto’s transit through Sagittarius. My hypothesis has since been proven correct. Jupiter’s present transit through Scorpio this past year has also aided oil and gas prices to climb to record highs. By the way, the very first degree in the then new science of petroleum engineering was awarded in 1929, just in time for Pluto’s discovery.

It’s interesting that Pluto would be de-planetized just as it is about to enter restrictive Capricorn. Once it enters that Saturn ruled sign we may be in for a long period of fear and restrictions; oil will become severely limited, and the geo-political chess game will become more complicated. Pluto does, after all, rule plutonium. By refusing to accept Pluto and its potential psychological and historical factors, humanity is doing what it always seems to do; ignoring the warning signs and sticking its collective head in the sand, something a Pluto transit would not allow you to get away with. But now that it’s not a planet, who cares?

Mitchell Scott Lewis spent 12 years on the floor of the Mercantile Exchange in New York City working as an astro-economist. He has been frequently quoted in Barron’s and on CNBC.