By James Rickards Posted November 29, Project Prophesy was launched as a strategic study under the direction of CIA veteran Randy Tauss, who was also a seasoned options trader.
That was considered useful in understanding the mindset of potential terrorist traders. I later became one of two project managers reporting to Tauss. In , I helped build a working prototype of a Project Prophesy machine using artificial intelligence, applied mathematics, news feeds, price feeds, computing and human oversight. We were looking for terrorist insider trading. We developed Project Prophesy in total secrecy. And much of my work is classified. But I can tell you that on Aug.
Three days later in London, a plot to blow up 10 U. Twenty four Pakistani extremists were arrested. I presented my findings to Treasury officials. But they ignored my warnings. We all know what happened next. We were ready at that point to build a more robust version of this for the CIA and sought additional funding.
That was never true; we used open source price feeds to get initial leads and then operated through the judicial system after that. But the publicity risk was there and the CIA did not want to take a chance. After , I moved on to other projects, but I never lost sight of the potential predictive power that we had discovered in Project Prophesy. I learned that the techniques I developed were useful far beyond the realm of counterterrorism. They could be used for any kind of geopolitical threats carried out in capital markets.
Then we work backward to determine the best course of action based on those possibilities. If you know where to look and how to examine the history and data, much can be learned about the future movements of financial markets.
The tools I developed for Project Prophesy can detect these insider actions, giving everyday investors the same advantage insiders have. They can tip you off about surprising political and economic events before they happen, allowing regular investors to get ahead of major market moves…. After clueless government bureaucrats ignored my warnings about the financial collapse in , I vowed to take my findings directly to the American people.
Since , the science has advanced far beyond what we had available at the CIA because of advances in computing power, artificial intelligence and complexity science, among others. And I employ the latest science and technology to give my readers the market intelligence that can make the difference between a wealthy retirement and an insecure retirement.
Below, I show you how I evaluate markets based on the latest available information. It often takes me out of the consensus, but the consensus is often wrong. Rickards is the editor of Strategic Intelligence , the latest newsletter from Agora Financial.
He is an American lawyer, economist, and investment banker with 35 years of experience working in capital markets on Wall Street. LTCM by the U. S Federal Reserve in His clients include institutional investors and government directorates.
He has contributed as an advisor on capital markets to the U. James Altucher shows you how cryptocurrencies bring the financial world into the 21st century and why they truly represent capitalism in action. Zach Scheidt has a brand-new investment idea for this holiday season. But beware, because success in this sector takes guts…. Today, Greg Guenthner reveals another major move from an important sector…. Approximately 4 billion people still have no internet access. Those that do are tired of the poor service and high fees.
I was tapped to join the group based in part on my experience with Islamic banking in Pakistan. Then in , my system spotted an impending crash in the real estate and stock markets. But the CIA decided not to move forward with the project mainly for political reasons.
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