The US has to decide whether they will continue the quantitative easing (QE). If they will not, interest rates will go up, banks will fall, states will go bankrupt. If they do continue the QE, the dollar will continue to fall and prices will continue to rise.
Europe has to decide whether to again help Greece. If they will not, Greece will go bankrupt, and the losses allover Europe will be severe. Countries like Ireland, Portugal, and Spain might also fall. If Europe will help out Greece again, they will do this with new money, and prices will continue to rise.
The OPEC has unofficially admitted that they can no longer provide the oil the world needs. Saudi Arabia promised to increase production, but these promises are mere words. The most they can do is sell accumulated reserves for a couple of months. Similarly, the US is considering releasing some of its Strategic Petroleum Reserves, which exist for cases of emergency. This is frightening.
