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LadyEllen -> RE: What are your predictions for 2009? (12/23/2008 8:07:38 AM)
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January-June;
massive bankruptcies of companies in every sector of the economy, including lots of large corporations. Some of this will be by domino effect, one bankruptcy taking out several other companies due to bad debts
personal bankruptcies and home repossessions in the thousands per week, unemployment hits 4 million in the UK by May
Sterling goes below parity with the Euro and to 1-10 against the dollar, causing UK imports for its consumer driven economy to rise 30% in price on the shelves of those retail outlets still standing and widespread poverty; malnutrition grows alarmingly. meanwhile exporters in the UK who could benefit from the exchange rate find their customers unable to buy and they start going downhill too.
All forces worldwide are brought home, including from Iraq and Afghanistan. Argentina seizes its second chance to grab the Falklands and other British dependencies go the same way. Police and armed forces gain a huge pay increase and bonus package.
July-December
We hit the bottom. Oversupply in the market has been curtailed by the loss of so many companies and jobs. But the country is effectively bankrupt because of decreased tax incomes and increased social welfare costs. The financial sector performs well, but not by doing business in the UK, where remaining companies and individuals struggle for finance, hindering any recovery.
More bankrupticies of companies and individuals, unemployment reaches 6 million by December and Sterling falls even further, taking imported prices even higher. People start dying of hunger and as winter develops from cold too. Hospitals overwhelmed.
Demands for an immediate election including protests on the streets of all towns and cities are put down by police and army under martial law. Democracy is cancelled until the situation has recovered, thousands of dissenters are arrested and simply disappear.
Telephone, internet and postal service is stopped, fuel sales are stopped - these are now for essential users only (government, police, army). Electricity is cut off along with gas. Water is still in the taps, but is not of good quality. More people die.
Workfair is introduced - people may remain in their homes such as they have and receive food and power subject to their performing work in government factories. These factories spring up across the country, turning out cheaply made products for export.
2010
The economy as a whole recovers, with the remaining 40 million population being divided into a million fabulously wealthy politicians and financiers, a million well equipped and armed police and army forces and 38 million slave labourers.
Cheery soul, aint I!?
E
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