On 15th May 2008, I predicted the nationalisation of British Banks.
On 20th April 2009, I predicted that by the end of the year the FTSE 100 would fall to below 2500.
On 3rd November 2009, I predicted the collapse of the dollar and of the pound-sterling
The first prediction has come to pass – in all but name. The third prediction is about to come true. The FTSE 100 prediction of 2500 was out by a factor of over 100% – so what happened? Quantitative Easing is what happened. Very few of us could have predicted that the Bank of England would start to generate free money, hand it to the banks and allow them to use it to gamble on the stock markets and continue to declare false profits.
Currently, the FTSE 100 stands at over 5400 but this value is totally unsustainable. It is a false dawn. Bankers are now daring to predict that we will not have a “double-dip” recession and that everything seems to be looking rosy. When the dollar and pound collapse and the pound is worth the same or less that the Euro, we will see some real (genuine) action on the world’s stock exchanges.
The critical time in 2010 will not be the first quarter but the second – because Q2 will contain not-only the beginning of the new tax year but also the General Election and the frightening spectre of the Liberals holding the balance of power. The only good thing that would come out of such a result would be Vince Cable as Chancellor of the Exchequer.
Here are the 2010 predictions.
1. The collapse of the dollar and the pound – with the pound achieving a value of 0.9 Euros and the dollar achieving parity with the pound.
2. An accelerated move away from the concept of Anthropogenic (Man made) Global Warming.
3. The United Kingdom being down-graded by the rating agencies – based on its inability to service its current debts.
4. Bankers, Financiers and financial journalists will finally run out of metaphors to describe the apalling state of the British economy.
5. Conservatives will win the General Election but without an overall majority.
6. Stock Market crash .
7. 10% more British retailers to go out of business.
8. Arsenal to win the Premiership.
9. The beginnings of civil unrest in the United Kingdom.
10. AFNAJ ( Artist formerly known as Jordan) hospitalised – inevitable progression. Woo Woo land beckons.
11. Another scandal involving Jeffrey Archer – it’s about time and will include at least one of his editors or maybe Jeffrey’s well-travelled trouser department or maybe the Kurds’ missing millions. We’ll see what we can do.
12. A well-known rock star will succumb to “prescription drugs”. (That’s an easy one because it is an annual event.)
13. The Queen will visit China. It’s about time and someone has to hold the begging bowl.
14. United Kingdom unemployment will be over 3 million.
15. At least one large bank will move its operations offshore.
16. The Americans will threaten to invade Iran. The Russians and Chinese will tell them to “butt-out”.
17. The cost of an iPhone will be halved because of competition from Google and Android.
18. iSlate will be the “must have” 2010 Christmas present. (Apple has just bought islate.com)
19. The Miliband brothers will be tasked with rebuilding the Labour Party.
20. Gordon Brown’s wife Sarah will write a book and become a television chat-show host.
21. Someone from Goldman Sachs will tell the world how Executive Order 12631 has been abused both to their and the US Government’s benefit.