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Brace Yourselves: Saxo's 10 Outrageous 2021 Predictions
Editorial Staff
15 December 2020
Big Tech Amazon will buy the state of Cyprus, Germany will bail out a debt-ridden France to rescue the eurozone and fake news will be killed by blockchain technology. Sound fanciful? Well, these are among a cluster of annual “outrageous predictions” made by Saxo Markets, part of Copenhagen-based even taking up quasi-governmental approaches to the situation. Take Microsoft, which has launched a United Nations representation office in New York and hired a diplomat to run European government affairs. At the same time, Facebook has even established a “Supreme Court” to oversee user complaints and other issues.” “In 2021, as the heat from official quarters rises, Amazon makes its move, re-domiciling its EU headquarters to Cyprus. The country welcomes the giant corporation and the tax revenue that will help it reduce its debt-to-GDP ratio of nearly 100 per cent, having chafed at the heavy-handed treatment by the EU during the 2010 to 2012 EU sovereign debt crisis. “Amazon consultants `help’ Cyprus to rewrite its tax code to mimic Ireland’s, but with even lower levels of corporate and other taxes, with the country’s leaders and its population happily in its thrall from the financial windfall and lower tax rates. “But EU regulators quickly get wise to what is going on and move against Amazon, forcing the company to change its practices, and forcing Cyprus and other EU countries to harmonise tax rules. The US and other countries also move against monopolies in 2021, as these companies are punished for their hubris.”
The other predictions are:
2, Germany bails out France;
3, Blockchain tech kills fake news;
4, China’s new digital currency inspires a tectonic shift in capital flows;
5, Revolutionary fusion design catapults humanity into energy abundance;
6, Universal basic income decimates big cities;
7, Disruption dividend creates Citizens Technology Fund;
8, A successful COVID-19 vaccine kills companies;
9, Sun shines on silver, which sizzles on solar panel demand; and
10, Next-generation tech supercharges frontier and emerging markets.