Hold on tight to your cash and gold/silver boullions folks

over 80% the probability that the week of March 20-26, 2006 will be the beginning of the most significant political crisis the world has known since the Fall of the Iron Curtain in 1989, together with an economic and financial crisis of a scope comparable with that of 1929

http://www.europe2020.org/en/section_global/150206.htm

The Laboratoire européen d’Anticipation Politique Europe 2020 (LEAP/E2020) now estimates to over 80% the probability that the week of March 20-26, 2006 will be the beginning of the most significant political crisis the world has known since the Fall of the Iron Curtain in 1989, together with an economic and financial crisis of a scope comparable with that of 1929. This last week of March 2006 will be the turning-point of a number of critical developments, resulting in an acceleration of all the factors leading to a major crisis, disregard any American or Israeli military intervention against Iran. In case such an intervention is conducted, the probability of a major crisis to start rises up to 100%, according to LEAP/E2020.

Someone care to explain what's going on?

Yeah I tried to understand, but can't..

Is this alluding to a global recession or something?

I don't recall the "Fall of the Iron Curtain in 1989" being too bad on my quality of life..

The sky is fallling?

Originally Posted by Narci

The sky is fallling?

That's what I would have said also, but the source seems reputable, even though I've never heard of them before.

It's a political crisis. It doesn't necessarly mean that we'll all end up with a street because of a war.

You'll have to admit that israel, pakistan, iran are not too stable and stuff might happen...

can you tell me what cash is going to do?

If the sky is falling...paper money would be worthless.

Originally Posted by thelefteyeguy

If the sky is falling...paper money would be worthless.

Worth less than digital money?

People need to chill. All these predictions/assumptions only going to stir up things for nothing. The world will go on living, you will still have your hot cup of coffee in the morning and watching daily soap operas till you die.

Originally Posted by Efx

People need to chill. All these predictions/assumptions only going to stir up things for nothing. The world will go on living, you will still have your hot cup of coffee in the morning and watching daily soap operas till you die.

Didn't know RFD had a resident Psychic.

Do you have previous experience in predictions which have either come true or been wrong?

I have a Jehovah Witness friend you should talk to, he really believes the end of the world is near.

Some people are discussing same issue from the stockhouse

This Iranian oil bourse is much bigger than some have come to contemplate.
Sadaam tried this as a radical leader, he was taken out before its inception.
You don't hear the state deptarment talk about it because they have plans to disrail it.
Iran holds the upper hand in all this oil that goes to Europe, they will not sell oil to the Europeans if it is not purchased through there oil bourse to help support it.
Nobody wants the US dollar with all of this civil strife and oil disruptions going on.
Still gotta believe the US will not sit idle and watch this bourse come into affect, war mongering with that nuclear talk will really ramp up in the not to distant future, right after the March 8 meeting of the UN security council.
Iran has great distain for the Americans and this bourse will threaten there currency status, thats a guarantee.
The shaky markets are spelling out some unpleasant undercurrents happening and they could tank anyday now. Charts and action are reinforcing this

I guess in 4 weeks we will find out... In the meantime, i will resume digging my bomb shelter.

the US doesn't buy any iranian oil anyway so why does it matter so much?

The point is that countries that don't like the US can buy their oil through this new Iranian exchange. Since they don't have to buy in US dollars, there will be a drop in demand for dollars, hence a drop in the value of the dollar in the market. When that happens, the US will have to pay more to pay off their existing debt, and if the valuation is severe enough they will be unable to pay.

It is a worst case scenario, but there are a lot of countries that would rather buy their oil in euros rather than dollars (just about all of europe would be in this category), and Iran will benefit from all this trade going through their exchange.

I doubt the world will come to an end in 3.5 weeks as they are saying, but there is some good commentary on the world economic issues that are present at the moment.

Ah so in other words, DON'T hold on tight to your American "cash"..