A note from the editor: UFOs might not seem an obvious area of interest for a finance-focused outlet. But the potential economic and societal implications of the phenomenon have never been more relevant. Since last year, government bodies across the world have chosen to treat the phenomenon increasingly seriously, dedicating ever greater budgetary resources to its study. This means finance-oriented individuals have a duty to judge the facts in question, whatever they may be.
Is it all a waste of time? Or is there something serious to be considered here? Whether it's black ops, aliens or simple parallax effects, growing establishment curiosity about the phenomenon seems fitting for a (dis)information age that's full of uncertainty. The more we know, the less we seem to understand and the more divided we become. So what's going on?
The Blind Spot has no forgone conclusions about any of this. But we do think the topic is worth keeping track of. Luckily we have a homegrown resource in the shape of Dario Garcia Giner to lean on. The below is an introductory guide to one of the more "out there" of the serious theories in the space. We think it's worth recounting because if you don't know about the information paradoxes in play, you won't have any anchor in the wider body of discussion. Also, the ideas presented -- those of theorist Jacques Vallee -- can be applied beyond the realms of UFOs to other complex information puzzles in finance, markets and economics too.
For the purposes of this article, Unidentified Aerial Phenomena are referred to under their old acronym, Unidentified Flying Objects (UFOs). It is applied to the small percentage of cases that appear genuinely inexplicable.
NASA recently announced the formation of a committee to study UFOs - to be staffed by former astronauts, environmental and astrophysics scientists, among other credentialled experts. The American Institute of Aeronautics and Astronauts also formed three committees to study UFOs on October 19.
This marshalling of (still relatively limited) resources across several public bodies in the United States - from the Pentagon's All-domain Anomaly Resolution Office to NASA's - is nevertheless totally unprecedented.
And yet turning to hard science to study the phenomenon brings its own issues. Notably, it steps over the work of Jacques Vallee, one of UFOlogy's most noted and respected researchers.
The problem is not one of direction. It's not that the scope of NASA's study, for ins...
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