My Interpretation on the Prophecy

[greatelderone]

No: HPFGUIDX 75290

Okay Dumbledore presents to Harry two possibilities on who the One 
is. It could be Neville Longbottom or Harry himself. Now in some ways 
the presentation of two choices imo kinda reminds me of the trick the 
magicians use which is to center your attention on what they show you 
and while your attention is centered on that item or red herring they 
accomplish the trick under your nose while your attention is 
elsewherer. Now in some ways this is what I think Rowling is doing 
she is presenting to us two choices which aren't the right ones and 
while our attention is focused on both Neville and Harry the third 
and real choice could be beneath our noses and would fulfill the 
terms set by the prophecy.

So could the one be Peter Pettigrew? Mind you here are some 
explainations on how the prophecy applies to him.

The one with the power to vanquish the Dark Lord approaches

Here it says the one approaches. It doesn't say that the one is born, 
but he approaches. It could be metaphorical or literal and that is 
hard to judge since prophecies are by nature tricky. And Dumbledore 
did mention that somebody was listening onto their conversation which 
is how Voldemort was able to learn of the prophecy. If anything could 
the eavesdroppers be the one that approaches the room and could 
Pettigrew be the eavesdropper and could the information have earned 
him a spot with the death eaters?

born to those who have thrice defied him, born as the seventh month 
dies
 
Now here could the two borns mean different things. Could the first 
mean a real live human birth while the other could have a more 
metaphorical definition . Now since Pettigrew was born after 
Voldemort perhaps his parents did defy Voldemort three times perhaps 
in his form as Tome Riddle. 

Now regarding the second born, Sirius said that Pettigrew was on 
Voldemort's side a year before the deaths of the Potters. Now if we 
fudge with the numbers alittle bit perhaps Pettigrew gave the 
information to Voldemort at around the end of July to coincide with 
the supposed births of the one who is to vanquish Voldemort and in 
turn was repaid with a death eater scar and inclusion into 
Voldemort's inner circle . So couldn't  that mark his birth as a 
death eater, traitor and the one? Afterall Lily's sacrifice couldn't 
be possible if Pettigrew didn't lead Voldemort to the Potters and if 
Voldemort didn't trust Peter Pettigrew that much.
 
and the Dark Lord will mark him as his equal, 

While Voldemort hasn't regarded Pettigrew as his equal he has marked 
him with a death eater scar and with a silver hand which might have a 
connection to Voldemort. Furthermore Pettigrew could be an equal of 
Voldemort due to the fact that both have spent a decade in hiding. 
Voldemort as a formless spirit and Pettigrew as a rat. 

but he will have power the Dark Lord knows not 

Despite being a traitor Pettigrew understands love and perhaps still 
has some of it left in him or he wouldn't have tried persuading 
Voldemort not to use Harry's blood. Also Pettigrew has powers as an 
animagus that can turn into a rat and has an affinity towards other 
rats.

and either must die at the hand of the other for neither can live 
while the other survives 

Now here is the thing. If one were to die it doesn't say that the 
other will continue living so one could kill the other and later 
succumb to the wounds caused by his opponent and still satisfy the 
terms of the prophecy. Perhaps Voldemort kills Pettigrew and is 
wounded by a silver hand made from his own magic and is later 
finished off by Harry.