Here’s a definition that should send chills down the spines of investors: “An unpredictable or unforeseen event, typically one with extreme consequences.” This sums up a black swan event. Nassim Nicholas Taleb mainstreamed the concept through his writings. His points became particularly topical through his book, The Black Swan, around the time of the financial crisis — a major, destructive event that many people found unexpected and, beforehand, maybe even impossible.
There’s a similar risk brewing on the horizon. Climate change could be the next black swan event that causes an ugly ripple effect through our lives and economies. The majority of current investment strategy comes up short on modeling, even considering that this as a legitimate concern, at least for our lifetimes.
Here’s a lesson in extreme irony: The term originated when people didn’t believe black swans existed at all. Because no one had ever seen one, it certainly looked as if Read more…
Our little planet faces many poorly understood perils from beyond
Photograph by: Associated Press, NASA , London Daily Telegraph, The Associated Press
Considering the dangers lurking out there, it’s a wonder that our little planet is not in the firing line more often. We are just 150 million kilometres from a star that, while mostly well-behaved, occasionally has temper tantrums that could bring our civilization to its knees. Our solar system is home to a swarm of comets, rocks, boulders and flying mountains, tens of thousands of which are big enough to wipe out anything from a small city to the entire biosphere. And further out lurk delinquent stars whose death explosions are the largest since the Big Bang. If one of these went off nearby, it would be curtains for all of us.
In fact, Earth can be considered rather lucky to have not suffered a total cataclysm in at least 3.5 billion years – the period during which we have an unbroken record of life existing on the Earth’s surface. Before then, global sterilization events, caused by collisions with huge space rocks, almost Read more…
Edward Snowden, NSA Whistleblower, speaking from Sheremetyevo Airport’s Hotel Novotel, revealed the CIA’s Project Stargate was a complete success. (Photo: The Internet Chronicle)
MOSCOW, Russia – Edward Snowden, hacker-fugitive and former National Security Agency (NSA) contractor, revealed Tuesday that a series of solar flares is set to occur in September, killing hundreds of millions of people. Documents provided by Snowden prove that, as of 14 years ago, Central Intelligence Agency (CIA) remote viewers knew that the event was inevitable. Ever since, the world’s governments have quietly been trying to prepare for the sweeping global famine to result.
Speaking from his room at Sheremetyevo Airport’s Hotel Novotel, Snowden revealed that government preparations for September’s catastrophic solar flares have been “to only limited avail.” The flares’ results, he said, are known casually throughout the global intelligence community as “the killshot.”
Remote viewers employed by the CIA’s Project Stargate use their ability to perceive geographically and chronologically distant events to protect America. Since 1999 they have known about Read more…