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US Intelligence Officers Are Funding Analysis on Greenback-Crushing ‘Black Swan’ Occasions

The U.S. Workplace of the Director of Nationwide Intelligence (ODNI) desires to sponsor a post-doc researcher to check what would occur if the U.S. greenback misplaced its standing because the world’s reserve foreign money.

In a job itemizing posted late final 12 months, the company referred to as for candidates from the U.S. who’ve a background in economics. The deadline to use is Feb. 28.

The company mentioned the analysis – the primary of its variety for the intelligence neighborhood’s post-doc program – might assist the U.S. put together for “black swan” occasions that might threaten the dominance of the greenback. 

This explicit examine falls underneath the purview of the Nationwide Counterproliferation Middle, a middle underneath ODNI that appears for tactics to fight the proliferation of weapons of mass destruction, partially by stopping terrorist financing. In line with intelligence officers acquainted with the matter, the analysis can be shared broadly throughout the intelligence neighborhood.

Whereas officers wouldn’t attribute the examine’s initiation to anybody occasion or development, the post-doc researcher itemizing does cite predictions from “cryptocurrency fans” {that a} world cryptocurrency or nationwide digital foreign money might undermine the U.S. greenback, and mentions the rising economies of China and India.

“If both of those situations or others come to cross, the U.S. would lose each its standing on the planet and its world authorities,” the company wrote within the itemizing. “The U.S. ought to put together to determine potential ‘black swan’ occasions that would revolutionize the monetary enjoying subject in methods we don’t but perceive – presenting strategic shock – and perceive root causes and driving elements which are significantly delicate to sure world or technical occasions.”

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The post-doc program begins firstly of the following fiscal 12 months on Oct. 1 and runs for 2 years. The analysis is unclassified and the researcher doesn’t obtain any particular clearances, however researchers will obtain ODNI’s sponsorship, funding and entry to IT together with superior computing, the officers mentioned. The company additionally wouldn’t management the researcher’s work however would examine in periodically to ensure the company understands it. 

ODNI mentioned it may well additionally join the researcher with consultants at ODNI and different authorities entities, just like the Federal Reserve, however is not going to present knowledge or info that’s not already publicly obtainable. 

The company is on the lookout for a researcher who will apply statistics, synthetic intelligence and deep studying to historic “black swan” occasions and potential future situations. The itemizing suggests the researcher would possibly then search for what the most-likely situations are and in what timeframes they might unfold.

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The chief in blockchain information, Fintech Zoom is a media outlet that strives for the very best journalistic requirements and abides by a strict set of editorial insurance policies. Fintech Zoom is an unbiased working subsidiary of Digital Foreign money Group, which invests in cryptocurrencies and blockchain startups.

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Yuuma Nakamura

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