Last year my New Years predictions were for a "tumultuous, history making year". So this year I thought: "Well b'y, better be more specific."
1. Halt of the Muskrat Falls project in the Courts.
2. Resignations of Ed Martin and Gilbert Bennet, and a large scale purging at Nalcor.
3. A Liberal government so large that it has to appoint its own members as Opposition ala Frank McKenna.
4. Large scale cuts to the civil service, and project spending.
5. A huge downturn in the economy reflected in high unemployment numbers and falling real estate prices.
6. A serious downturn in Labrador's mining, exploration, and economy as a whole.
7. Wide spread anger throughout the land.
1. A new Liberal dominated minority government, caused by drops of support in Ontario and BC for the Conservatives, and the NDP maintaining a strong hold in Quebec. Canadians won't trust that Trudeau is ready to run the show without the strong hand of Mulcair to keep him in check.
2. Declines of oil markets in Saskatchewan, Alberta, and here are too large to offset export gains in Ontario and Quebec, and the country enters recession.
3. Northern sovereignty is challenged by Russia, and to a lesser extent others.
4. Aboriginal rights and militancy increase dramatically over living conditions and resources.
5. Political unrest and economic decline make Canada a very unstable place to be, but then the world mirrors it.
For the World:
1. Russia and China escalate the stakes in their economic war with the US. They create formal international structures, based on the Chinese Yuan, to reduce US influence in the developing world.
2. Turkey leaves the NATO/ US sphere of influence and moves toward the Eurasian Alliance - fueled by disgust over Israeli treatment of the Palestinians and greater economic prospects with Russia and China.
3. The war in Ukraine escalates and Russia intervenes militarily. The Ukrainian government falls.
4. Europe enters a period of deflation and recession, that evolves into depression.
5. Argentina attempts to retake the Falkland Islands.
6. The United Kingdom begins the process of leaving the EU.
7. Investors in the US stock market panic over events in Europe and loss of trade markets, sell off, and cause the largest single crash of the the stock market since the 1920's.
All in all, not a very happy or positive outlook on the year 2015. Sorry for that. It's probably just as well that none of us have a crystal ball and can see the future, but, for what it's worth, this is my attempt. Seems to me that we can't avoid the economic realities that continue to unfold around us. The best we can do is try and protect our own. On the upside, every collision of history has always resulted in a better result down the line, so keep that in mind as we weather the storm that will be 2015.
Here's to the crazy ones, the misfits, the rebels, the troublemakers, the
round pegs in the square holes... the ones who see things differently -- they're
not fond of rules... You can quote them, disagree with them, glorify or vilify
them, but the only thing you can't do is ignore them because they change
things... they push the human race forward, and while some may see them as the
crazy ones, we see genius, because the ones who are crazy enough to think that
they can change the world, are the ones who do.
US computer engineer & industrialist (1955 - 2011)