I had not viewed this Blog since written so was a little concerned about its accuracy but on balance found that it had been quite accurate.
Let's hope I can do as well for 2011.
Here Goes:
Politics
- Elections at the Federal and Ontario levels will see Harper victorious while the Provincial Libs will be decimated by the Hudak Progressive Conservatives. Harper, although victorious, will fall slightly short of his long sought majority and I fully expect the national election will take place this Spring.
- In the USA, the Republicans will launch their campaign to unseat President Obama in 2012. I predict that Mitt Romney will come out of 2011 in the lead (he should have been their Leader in 2008). The Tea Party will continue to be the King Makers.
- I will go out on a limb and predict that Britain will be forced into another General Election and if so, the Tories will emerge with a working majority.
- Berlusconi will cease to be Prime Minister of Italy - at last
Economy
- The US$ will continue to decline due to their horrendous debt.
- The Canadian $ will stay above Par.
- The Canadian Economy will out perform the US.
- The European Contagion will continue to spread throughout that Continent and this coming year it will envelope the US.. (i.e. credit ratings will continue to fall)
- Interest rates will finally begin to rise for instance, here in North America, 5 year mortgage rates will climb to 5 - 6 %.
- Oil will average $100 a barrel and more.
- Gold / Silver / Copper will continue to outperform and will reach record levels.
- China will continue to Outpace the Pack which will insure that it will sooner, rather than later, succeed the US as the world's ultimate power.
- Over Legislation / Regulation will finally begin to slow - sadly it will take more time to see it begin to reverse.
- The numbers of Civil Servants and their Salaries will begin their descent.
- Social Welfare Programs will stall and then they too will begin their decline.
World Affairs
- Terrorism will continue with softer targets (read crowds).
- Haiti will continue to suffer as will Africa.
- Afghanistan will more or less stalemate as long as NATO (read USA) remains committed as they will for the coming year.
- Last year I suggested that Iran would be the big story of 2010 and it will continue to be so this coming year. Time has been bought by successful efforts to infect their computer systems. Hopefully, this time will allow for a Regime Change but I do not see that happening in 2011.
- The Greater Story this year could well be the Koreas. A Nut Bar leads the North and the South is tiring of continuing concessions. It is a powder keg set to go off. As in the case of Iran - steps need to be taken by the West (read USA) to block further Nuclear Development on the part of both rouge nations.
- Russia will continue to descend into Dictatorship with Putin continuing to perform the role of Dictator.
- Airport / Border Security will continue to thicken in the face of loss of Freedom / Privacy.
- Democracies will be upstaged Communist / Dictatorship Governments.
- The backlash against Immigration will see the Right in Europe grow in strength as will their laws designed to neutralize the Muslim effect.
- Persecution against both Christians and Jews will accelerate and both their Religions will continue to be under attack throughout the world.
Generally Speaking
This coming year will be a most difficult one. The chickens are coming home to roost and precious few are ready to deal with the consequences. Greater Civil Unrest Can Be Expected.
As I see it...
'Galagher'
