Preposterous Predictions

SUNDAY, APRIL 24, 2011

Preposterous Predictions?
This blog is for fun. If 7 out of 10 predictions turn out to be correct, credit will go to the Peanut Gallery who constantly make unscientific forecasts.

1.The United Nations will not vote to establish a Palestinian State within the 1967 borders in September. The closest they will get, if at all, will be to vote for a Palestinian State, the borders to be decided during negotiations brokered by the US. All the surrounding noise is pressure by the international community.

2.Israel, surrounded by so much uncertainty and danger, will not succumb to pressure to withdraw from its present borders. How does the Jewish State make peace with animals that slit the throat of a 4 month old Jewish baby, and then witness how the local Palestinian population celebrates by handing out candies?

3.The Egyptian Military have no intention of relinquishing control of Egypt, with or without elections. They own 40% of the economic assets in Egypt, and it would be comparable to Obama announcing he won't be running for a second term.

4.The next major confrontation will be in the Middle East. No brainer. Take your choice, Sunni vs Shia, Islam vs Christianity or Fundamentalists vs Military. Sort of par for the course, when economic pressures create misery.

5.The Islam/left coalition of the deranged will slowly crumble while the silent majority look on dumbfounded at the Islamic World parading its true colours. Trust the peanut gallery, 6 billion people might not quite believe what they are seeing, but sooner or later it will register. In todays new world it's no longer possible to sweep the garbage behind a burqa.

6. And now economics. The food shortage we are seing now is just the tip of the iceberg. Food and water will become a major priority in some parts of the world.

7.Economic power will be shared between the BRIC (Brazil, Russia,India, China) countries and the West. Canada and Australia will benefit the most.

8.US interest rates will remain low for the forseeable future. Any rise in US rates will perforate the huge world debt bubble. Other countries will raise rates to combat inflation, thus strengthening their currencies. From this follows that the direction of the US dollar is long term down.

9.The federal reserve will continue to print dollars in June in some form or other. They might not call it QE3, but its the same thing. Gold will reach $2000 dollars an ounce, silver to hit 75 bucks an ounce and one asks when? The peanut gallery says..."as long as it takes".

10.Energy, not oil, will be in demand for as long as the eye can see. Therefore alternative energy will be the biggest game in town, with the dark horse being nuclear energy (believe it or not). And the slam dunk? Rare Earth Minerals!

Now is no time to think of what you do not have.Think of what you can do with what there is - Ernest Hemingway