My predictions for 2011 were all fulfilled: over the past year there was indeed more debt, more taxes, higher taxes, more inflation, more immigration, more liberalism, more legislation, more surveillance, and more bureaucracies. Turbulent as it was, 2011 consisted of more of the same, and it was turbulent precisely for that reason. My predictions for 2012 are as follows:
Efforts to solve the financial crisis—now entering its fifth year—will be made, but they will consist of finding ways to kick the can down the road, hold on to credit ratings, levitate the markets, resuscitate consumption, and prevent civil unrest, rather than on actually eliminating the problem. It seems that the only politically viable option is covertly to devalue the debt. The news services will keep the middle class on the edge of their seats dramatising the never-ending Euro crisis, which may provide some jolts.
More and Higher Taxes
Although debt reduction through currency devaluation will remain the preferred method of crisis containment this year, the political establishment is acutely aware of the need to pacify the populace. The White middle class has proven timid and, following the Tea Party experience in the United States, members of the establishment are satisfied that their most profitable constituency (the White middle class is the establishment’s open wallet) can be successfully neutralised by simply calling them racists. The establishment, however, worries about the lumpen proletariat. The Tottenham riots in London in August this year, albeit triggered by a police incident, offered a preview of the civil unrest that an economic shock could bring: the rioters did not demand equality or rights, they wanted iPhones and plasma television. So, more and higher taxes will be levied on the middle class (‘the rich’ in political parlance) in order to fund pacifying handouts for coloured immigrants and their descendants (‘the poor’). Some of the increases in the fiscal burden will be hidden, but some of them will be open, and will be justified in terms of the need for ‘the rich’ to do their bit for society. The system’s contrived pseudomorality will seek to bring tax avoidance further into convergence with tax evasion.
More Wasteful and Counter-Productive Government Measures
See above. In general: good spending will be cut, bad spending will increase. With the shutting down of the space shuttle programme and assorted NASA cutbacks, Americans in 2011 saw Obama end the space age in the United States.
More Money Printing
The money printing will continue, and efforts to conceal its true extent will also continue. Because banks have so far hoarded much of the money that has been printed since the crisis began, the true consequences of the money printing have yet to be felt. Consumer depression will also contain demand and therefore price increases, although the latter only partially. I suspect that parts of this containment will start to fail in 2012, even if consumption and consumer confidence is low. However, even if there is higher inflation, we are years away from the hyperinflationary apocalypse dreamt of by some. We will not see price tags printed on electric paper exponentially revising prices upwards in real time as we make your way to the till.
Despite the millions of unemployed, ‘immigration’ policy will continue to focus on pacifying voters through deceptions. In the United Kingdom, wholly unsurprisingly, the same Conservative Party that promised drastically to cut ‘immigration’ has governed over a record increase over the past year. Instead of the tens of thousands annually that the promised, the Conservatives have governed over a quarter of a million settler colonists arriving in Britain. Of course, new measures were designed to work like sieves. The modern Conservatives will carry on being more Labour than Labour, the same way that Democrats and Republicans in the United States will carry on increasing their redshift values.
A desperate consumer culture co-existing with an economic crisis means only one thing: glory for the Golden Age of the Scam. The ever-diminishing opportunities for legitimate wealth creation mean an ever growing necessity for illegitimate wealth redistribution. Corporations will focus more than ever on a model of planned obsolescence, slave labour, and government handouts. More small and medium entrepreneurs will drop out of the economy and get on the government teat. Cheap consumer products will break on the same day we buy them, forcing us to buy more expensive versions next, which will break after a week. True quality will still only be found in obsolete technology and goods, found in museums, eBay, attics, and antique shops.
Obama is likely to win a second term, albeit by a narrow margin. The Anglo-American media will back him. All-White Republican candidates will pull their punches, any one of them afraid of being the one who ends the Afro-American dream. Should Obama lose, Afro-Americans will be enraged. If by a narrow margin, as I think likely in this scenario, accusations of racist electoral fraud may well surface. Obama’s post presidential career, whether it begins in 2013 or in 2017, will see him rise to the status of a secular saint. The Left’s historical revisionists will labour to recast him as an American Nelson Mandela, victim of racism, bad luck, and an insuperable legacy of mismanagement by his blue-eyed predecessors. Some way will be found to enumerate allegedly great or visionary achievements that were derided or underreported at the time.
On a Positive Note, However . . .
There will be positive developments on the fringes. Marxists will of course benefit from the continuing crisis because it is easy for them to point to banksters and Big Business as exploiters of the labour force. Yet, in this they share common ground with dissenters on the alternative Right, who are also likely benefit from the disturbances of 2012. Opportunities will continue to grow outside of the mainstream, and traditionalist dissenters will continue shifting away from quantitative gloom-and-doom analyses in favour of a more positive, subjective approach; away from simple forensics in favour of aggressive deconstruction and the active pursuit of new and original solutions, new ways of thinking, speaking, and operating.
…more of the same, with some jolts, shocks, and possibly even a few changes along the way in the economic sphere that, although apparently dramatic, will not be fundamental, together with exciting opportunities on the fringes and beyond. The place to be will be on the outside.