OK, maybe not the end of the whole world but... Iran is now firing ballistic missles (warnings?). News quote: TEHRAN, Iran â Iran's military said Friday it successfully test-fired a missile not detectable by radar that can use multiple warheads to hit several targets simultaneously, a development that raised concerns in the United States and Israel. The United States is gonna test drop its newest 700-ton "bunker buster" bomb in Nevada: You can bet they got a pocket full of 'em. Oil is heading back to (and thru?) $70bbl. Is the market discounting it to $100+? It's being speculated by currency traders (including me) that there's gonna be a currency storm triggered by the first (real) shots fired in Iran to force it to comply with U.N. nuclear disarmament demands. With the USA in its full glory backing any U.N. measures, aggressively. Bush wouldn't hesitate to start another war in the Middle East. In his mind, the only way to protect Americans is to "eliminate the threat," when dealing with Iran, is to wipe out Iran's military. The war drums are beating louder now than I can ever remember. The market is as jittery as a cat in the middle of a pack of Dobermanns. Main problem with this whole scenario is the USA engaging three Middle East (and, gasp MUSLIM) nations at once - that exponentially increases potential for major global crisis. Not just like Bush's fighting two wars with "terrorist nations" - this will be 3 complete nations (what's worse is that they are ALL Islamic-based) in the Middle East engaged all at once by the United States. Nothing like this has ever happened before (read the Middle East factor). It's an aggressive (hostile?) stance to try to wipe out Islamic extremists. Maybe not the end of everyone's world, but, a fallout and/or massive upset with currencies in the forex will, I think, reek havoc with various nations' economies: The likes of which the world has never seen: This includes the USA economy. Because I trade the USD against the euro and yen, I've had to re-fortify my currency trading system to deal with the coming storm. It has teeth. Long teeth. The only FX traders who are gonna make it through this upheaval are ones who super-fortify their trading systems, putting the emphasis on... well, better keep that to myself - hey, I need the liquidity providers! (This is serious, guys. Don't say Uncle X didn't warn ya. ) Thoughts/opposing views/any views? x <img src=http://www.anchorchainkennels.com/index1_files/MAIN_files/pic2.jpg> what my new FX trading system looks like - please, take the other side.