I've been predicting it for a couple of years now, but the main event of the "recession" is about to get under way. Strikes, chaos and disorder are already taking a grip in Europe - especially France - and here the coalition is about to announce the scale of the cuts to public sector spending as they attempt to get to grips with the debt monster created by the stupidity and profligacy of Blair, Brown and New Labour.
The non-existent recovery is stuttering to a halt while the banks and foreign companies feast on the entrails of our dying industry like vultures devouring a once proud lion that still breathes, but no longer has the strength to fight off the beaks and claws that tear at its flesh.
The unions are on the rise once more - boosted by membership from the bloated non-productive public sector of people in non-jobs - and are belligerent and confident once more. What is more they are now armed with a tactic - the repeated one or two day strike - which causes the most harm and disruption to the employers and the public with the least inconvenience to themselves and their members.
Our armed forces will soon be no longer fit for the purpose of defending the nation - although I'm not convinced that they have been for twenty years - but it doesn't matter. We've sold our nation to the EU anyway and the only thing our soldiers are likely to be doing in the next ten years is putting down internal insurrection and civil chaos. They won't need tanks, planes or aircraft carriers to do that.
And all this as a result of spending cuts that will do nothing to stop the inevitable. This isn't the end of the cuts, the chaos and disruption - this is merely the beginning.