TeCNoYoTTa said:
... I thought that chaos only exist due to the lake of infinitely precise calculations, but if there is an all seeing eye that can track every single particle in the universe with infinitely precise accuracy it can predict the state of the system at any given time.
Chaos does not in itself imply non-determinism, if that is what you mean.
If a system is chaotic then by its usual definition ([1] or any good textbook on the topic) it holds that no matter how precise you know your initial conditions (for instance as an open ball around a particular state) the trajectories of those initial states will in some sense diverge (that is separate from the trajectory of the exact initial state) after some time, and hence you will not be able to predict trajectories with arbitrary precision for arbitrary lengths of time.
If one, as you now ask, know the exact initial condition and if the equations governing the dynamics are deterministic, then the trajectory from that state will indeed be deterministic and in some meta-physical sense predicable, but this does not mean there are no chaos (as it is defined).
The interesting question I suspect the post is referring to, is whether the precise trajectories in a chaotic system can be described in a (mathematical) way that do not require one to "solve the actual system". Or in other words, if we link chaos with predictability, whether or not a deterministic chaotic system can be predicted with arbitrary precision without "running" the actually system, that is, simulate the full system with infinite precision (which we can't due to truncation error [2]).
Personally, as an engineer, I do not think such a mathematical "order in chaos" is possible in general, and even if it were it would not matter much in "real world". Searching for order in natural occurring chaos would be like searching for perfect geometric structures (like circles) in nature; there may well be an abundance of approximations of such perfect structures in nature, but this does not necessarily imply that nature is really "built" using these perfect structures or that a single example of such a perfect structure even exists. Add quantum mechanics to the models and equations and you can forget any hope of finding order in natural occurring chaos.
I will leave it to the mathematicians to evaluate whether there is any chance to find order in some (yet unknown) subset of chaotic motion. I am currently under the impression that it can be mathematical proven that no such description of order can exist, but if "order in chaos" is classified as an unsolved mystery by people in the know then I may very well be mistaking.[1]
http://en.wikipedia.org/wiki/Chaos_theory
[2]
http://en.wikipedia.org/wiki/Truncation_error