Ali Razeghi says his device can produce a print-out detailing any individual's life between five and eight years in advance after taking readings from the touch of a user.
He claims the Iranian government, whose nuclear programme has caused concern around the world, can use his invention to predict military conflicts and forecast the fluctuations in the value of foreign currencies and oil.
Iranian scientist claims to have invented 'time machine' that can predict the future... but can only see eight years ahead
Ali Razeghi, 27, claims device can detail person's life with 98% accuracy
Spent ten years developing complex algorithms to arrive at predictions
Says his warmongering government can use it to predict military conflicts
Won't release prototype yet 'in case China steals it and produces millions'.
He says the device is the size of a laptop and uses a complex set of algorithms which took him ten years to develop, but has not revealed any concrete details about his invention.
Unlike the time-travelling DeLorean in hit film Back To The Future, Mr Razeghi said his device 'will not take you into the future, it will bring the future to you.'
'As such, we expect to market this invention among states as well as individuals once we reach a mass production stage.'
Mr Razeghi, who claims he has 179 inventions listed under his name, has been criticised by friends and family for 'trying to play God.'
But he said: 'This project is not against our religious values at all.
'The Americans are trying to make this invention by spending millions of dollars on it where I have already achieved it by a fraction of the cost,' he said, without divulging how much.
He said Iran was not planning to launch the prototype just yet in case 'the Chinese will steal the idea and produce it in millions overnight'.
WHAT A WONDERFUL INVENTION.
Guys, What Do you think?