[kochevnik]

Sometime in the next 10 months, Bush will hit Iran, most likely just before or just after the Congressional elections. He'll know it's his last chance to do the dirty deed.

When he does, Iran will seriously retaliate and the price of oil worldwide will skyrocket. At the same time, the rest of the world will have finally have had enough and seriously dump the dollar (a process that has already begun). And before the Iran War begins, the US housing bubble will have so clearly popped that only the most clueless idiot will be interested in buying a house. This will occur at a fast pace if Bernanke decides not to defend dollar or at lightspeed if he does.

The crash of housing will also result in a significant portion of the US economy (JOBS) disappearing as housing and Home Deport purchases are such a large part of the current 'service-based' economy.

Even if Bush/Israel were to show the utmost restraint and continue to endlessly front as straight men for Ahmadinejab's clown act, Bernanke's housing/dollar crash will bring about the same end result, just delayed by a few years.

Prediction this time next year if Bush/Israel has hit Iran:
Oil north of $150
Gold north of $1500
Silver north of $30

Prediction for 2010 if Bush/Israel never hits Iran:
Oil north of $150
Gold north of $1500
Silver north of $30

After the initial surprise we settle in for a long slow-motion depression stretching out over about a ten year period. Eventually someone reaches the end of their rope and we get a very nasty series of wars, either around 2017 if Bush hits Iran or 2021 if he doesn't.

I wanted to be on the record, so there it is.


TSA stands for - "too stupid for Arby's"

[skateari]

Sounds great. After analyzing the current situation, its nothing but bad news to the US government. Even if Iran is attacked and the dollar remains stable (which I doubt would happen), the US is then faced with the new Russian oil trading bourse. No matter what happends, even if the US does not attack Iran, the dollar will collapse at one point.

I always knew the US would fall. But as its getting closer, and the events are playing out, you can really get a feeling for how things are going to go down in the next few years. As gold and silver rise, its only a warning that we are only getting closer to the endgame.

[Ludi]

Saving this prediction with date of posting.

[pea-jay]

At this point I don't think a dollar crash is inevitable. All it would take is a huge interest rate hike on the part of the US and rapid cut in the amount of stuff (including oil) that we import. Of course it is speculation that the fed will do that, and if it does, that medicine may well kill us anyway. Then by not attacking Iran we dont have a rapid oil shock. Result: Oil could be just 40 bucks a barrel in 2010. Of couse requiring a 1930's style depression to make this possible is hardly optimal either.

I think the Iran war scenarios are still the more likely occurance, though at this point there are still equally possible outcomes that don't involve war or an oil shock.

[PenultimateManStanding]

I've been seeing these predictions since I started reading about PO back in '04. I like MacG way of approaching it:

$this->bbcode_second_pass_quote('MacG', '
')When and how fast? No idea. Sorry. Maybe this fall, maybe in ten years. I dont know.

How bad? Well, worse than your worst nightmares. It's a promise.