What Will 2012 Bring?

The year 2012 will be very predictable. Here are my predictions.

In Europe, the euro crisis will be a non-story. After much hype, fear and unease frustrated will be those who expect a collapse of the euro zone and/or the demise of the euro. It just won’t happen. 2012 will not be great for Europe but it will be an OK year.

Not so for the United Kingdom. When investors and market operators see that Europe will survive 2012 (which they inevitably will), they will start pulling their funds away from Britain. Britain will be hit hard. Its currency — the British pound, a small soft currency without much economic justification for existence and based solely on extra-economic consideration and concerns, will probably collapse in 2012 with dire consequences for the British economy already hardest hit by the crisis. It will not help that there is an upcoming likely disaster in the shape of the 2012 Olympics which couldn’t have come at a worse time for the hosts.

In the United States, 2012 is an election year. The US administration will be distracted by the elections and will take the eyes off international developments. In this respect, the US presidential election is going to be very important. But whoever wins the country is likely to be plunged deeper into crisis. If Obama wins, the current sorry state of affairs will be perpetuated and will in fact deteriorate even more. If he doesn’t, the next U.S. president will be drawn from a pool of Republican has-beens, weirdos, sex fiends and outright clowns as there is no alternative the way the American political system is constructed.

As a result, people will see clearly for the first time what a con the U.S. presidential elections really are. The OWS movement will grow into a nation-wide front, people will take to the streets in even greater numbers to force changes. I predict a riot that 99% will win in 2012 (or shortly thereafter) and the U.S. will have its first ever spring after a couple hundred years of winter.

Carpe diem!

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