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      "body": "<html> <p>https://cdn.steemitimages.com/DQmPUSnVWXXnYTPUPGPuM3DqqgiMXuQ8xoK2LPnKGvHpACa/image.png</p> <p><br></p> <p>A secret history</p> <p>Government and military secrets can range from terrifying to amusing to downright absurd, but most are nothing short of intriguing. From a secret U.S. Air Force project to build a supersonic flying saucer to a now-famous World War II-era research program that produced the first atomic bombs to a plan to train domesticated cats to spy on the Soviet Union, here are 22 declassified military and CIA secrets.</p> <p><br></p> <p>Project 1794</p> <p>https://cdn.steemitimages.com/DQmU3dmGzLeieX3c7jYeHkkZAFPxS29EqYpV6gy4eUmfey2/image.png</p> <p>In late 2012, the U.S. Air Force declassified a trove of documents, including records of a secret program to build a flying saucer-type aircraft designed to shoot down Soviet bombers. The ambitious program, called Project 1794, was initiated in the 1950s, and a team of engineers was tasked with building a disc-shape vehicle capable of traveling at supersonic speeds at high altitudes.</p> <p>The declassified documents reveal plans for the plane to reach a top speed of Mach 4 (four times the speed of sound), and reach an altitude of 100,000 feet (30,480 meters). The project's estimated cost was more than $3 million, which in today's dollars would be more than $26 million.</p> <p>Project 1794 was canceled in December 1961 after tests suggested the flying saucer design was aerodynamically unstable and would likely be uncontrollable at high speeds (let alone supersonic speeds).</p> <p><br></p> <p><br></p> <p>Project Iceworm</p> <p>https://cdn.steemitimages.com/DQmSwTNiqcbkk7Wvywq5dxwEnLUn47bi7Sjpoeao2oSoyHV/image.png</p> <p>In the 1960s, the U.S. Army embarked on a secret mission to build a series of mobile nuclear missile launch sites under the Greenland ice sheet. The objective was to house medium-range missiles close enough to strike targets within the Soviet Union.</p> <p>The program was codenamed Project Iceworm, but to test its feasibility, the Army launched a cover research project called 'Camp Century' in 1960. Under this guise, engineers built a network of underground buildings and tunnels, including living quarters, a kitchen, a recreation hall, infirmary, laboratories, supply rooms, a communications center and a nuclear power plant.</p> <p>The base, which was kept secret from the Danish government, operated for seven years. The program was canceled in 1966 after shifting ice created unstable conditions. Today, the crushed remains of Project Iceworm are buried beneath Arctic snow.</p> <p><br></p> <p>Project MK-ULTRA</p> <p>https://cdn.steemitimages.com/DQmT2cU64GeRcXLa76ye1vx31BJ8E3tCuazL7EovUnoYjGX/image.png</p> <p>During the Cold War, the CIA initiated Project MK-ULTRA, a secret and illegal human research program to investigate potential mind-control systems. The program's operators examined the effects of hypnosis, biological agents and drugs, such as LSD and barbiturates, on human subjects. Some historians suggest the program was designed to develop a mind-control system that could be used to 'program' the brains of potential assassins.</p> <p>In 1973, then-CIA director Richard Helms ordered that all documents from Project MK-ULTRA be destroyed, but a formal investigation into the program was launched several years later. The project became the basis for several movies, such as 'The Manchurian Candidate' and 'The Men Who Stare at Goats.'</p> <p><br></p> <p>Area 51</p> <p>https://cdn.steemitimages.com/DQmVXm1K6hNQ1ggBt5t3XVMPLzt5RnCC37wi5PkzeeJTL4L/image.png</p> <p>Almost no other site has garnered as much attention from conspiracy theorists and UFO-enthusiasts as Area 51, a remote desert tract near Groom Lake in Nevada, roughly 83 miles (134 kilometers) northwest of Las Vegas. The intense secrecy surrounding the base sparked peoples' imaginations, and Area 51 was commonly linked to paranormal activities, including pervasive theories that suggested Area 51 hid aliens and UFOs.</p> <p>In July 2013, declassified documents from the CIA acknowledged the existence of Area 51 for the first time, and confirmed that the top-secret site was used to test a variety of spy planes, including the well-known U-2 reconnaissance aircraft.</p> <p>While Area 51, which operates as a detachment of Edwards Air Force Base in neighboring California, has never been declared a covert base, the research and activities conducted there were some of the nation's most closely guarded secrets.</p> <p><br></p> <p>Project Grudge</p> <p>https://cdn.steemitimages.com/DQme4NWLDXtDnmuN7qDCgkxCQkFNzR36AzVcTr3s8LyGJ46/image.png</p> <p>While Area 51 was not a top-secret base designed to study extraterrestrials, the U.S. Air Force did study the existence of UFOs. Project Grudge was a short-lived program launched in 1949 to study unidentified flying objects. The mission followed an earlier program, known as Project Sign, which published a report in early 1949 stating that while some UFOs seemed to be actual aircraft, there was not enough data to determine their origins.&nbsp;</p> <p>Critics of Project Grudge said the program solely set out to debunk UFO reports, and very little actual research was conducted. In his book on the topic, Edward J. Ruppelt, Air Force Captain and director of Project Grudge, wrote: '[I]t doesn't take a great deal of study of the old UFO files to see that standard intelligence procedures were not being followed by Project Grudge. Everything was being evaluated on the premise that UFOs couldn't exist. No matter what you see or hear, don't believe it.'</p> <p><br></p> <p>Operation Paperclip</p> <p>https://cdn.steemitimages.com/DQmZUHBfVGYD98ycweBcXXFMk1pTZ3Bfb5ecoJYX57tbhmw/image.png</p> <p>In September 1946, President Harry Truman authorized a program called Operation Paperclip, which aimed to lure scientists from Nazi Germany to the United States following World War II. 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While the goal of most of these covert operations (such as Operation Mongoose) was to assassinate Fidel Castro himself, other plans aimed to incite an all-out war between the U.S. and Cuba, experts have said.&nbsp;</p> <p>In 1998, the National Security Archive (NSA) — a non-governmental organization that publishes information made available through the Freedom of Information Act — posted declassified documents related to Operation Northwoods. The scheme, dreamed up in 1962 by the Joint Chiefs of Staff (uniformed members of the U.S. Department of Defense who advise the president and others), involved committing acts of violence against U.S. and Cuban civilians and then blaming those acts on the Cuban government, according to the NSA documents. These acts, which included faked terrorist attacks in U.S. cities, the hijacking of planes and the sinking of boats full of Cuban émigrés en route to the U.S., would then be used to justify a war with Cuba, according to the documents.</p> <p>The Kennedy administration recognized the folly of Operation Northwoods and rejected it, according to news reports.</p> </html>",
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      "body": "<html> <p><br></p>https://cdn.steemitimages.com/DQmS3qo4RZWEEEu5bXoy8iQHTzxN6zLTv9jo8Mk17VmsN9a/image.png <p><br></p> <p>According to Nouriel Roubini, the professor of economics at New York University who is said to have predicted the 2008 global financial crisis, Bitcoin represents “the mother of all bubbles”. He’s the latest in a long list of economics and financial luminaries to have dismissed cryptocurrencies, from Alan Greenspan, the former chairman of the US Federal Reserve, to Jamie Dimon, the chief executive of JP Morgan.</p> <p><br></p> <p>It’s harder to find experts of equal weight who argue that cryptocurrency is not a bubble. That doesn’t mean it is one, of course, but the rocketing values of the last year or so point that way.</p> <p><br></p> <p>A ‘bubble’, in economic terms, is when the price of an asset far exceeds its intrinsic value. For example, the dotcom bubble of the early 2000’s was marked by companies that saw their share prices rise simply because they were in the dotcom industry, and without reference to their likely profits or chances of succeeding.</p> <p><br></p> <h2>Bubbles are hard to spot in advance</h2> <p>Very often, in a bubble, prices are driven up because people are overly optimistic about an asset; sometimes, it appears that it’s simply a case of people rushing to avoid missing out as valuations keep climbing. Eventually, however, the bubble bursts and those who haven’t already sold up are left with nothing.</p> <p>Cryptocurrency, according to the likes of Roubini, fits this pattern. Bitcoin rose by 900 per cent last year for example, and it’s not obvious what that value is based on, beyond the expectation of further increases.</p> <p>Part of the difficulty of the definition is that bubbles are mostly identified after they have popped. Until that point, they are hard to identify. For example, in 2012 plenty of analysts were arguing that Apple shares were in a bubble as they hit $100 per share. At the time of writing, they are at $187. Six years and the bubble still hasn’t burst.</p> <p><br></p> <h3>Cryptocurrency’s value is hard to determine</h3> <p>However, although lots of people seem to be holding (or “hodling” is the preferred phrase), their cryptocurrency as if it were a stock, it actually isn’t. That makes underlying its value harder to determine. Of course, it doesn’t really act like a currency either, which makes it hard to compare to currency valuations. That, say cryptocurrency enthusiasts, is because it is an entirely new thing. Like any new technology, it has been greeted with skepticism, especially from the sector it might potentially disrupt and, like any new technology, it has the potential to disrupt far more significantly than it has so far.</p> <p>Complicating the picture is the growing number of cryptocurrencies. One might argue that the valuations of Bitcoin and Ethereum are not bubbles but that the bubble is represented by the flurry of new cryptocurrencies, each trying to attract a wave of buyers that hope to get in on the next big thing. In that sense, it bears some relation to the dotcom bubble. While Amazon was not a sign of a bubble, Pets.com, which went from IPO to liquidation in 268 days, most certainly was.</p> <p>So is cryptocurrency a bubble? Ask us in 10 years’ time. Meanwhile, the dotcom bubble offers some sense of how to behave here. Don’t jump on a bandwagon because you fear missing out. Instead, evaluate your own attitude to risk and the value you are likely to get from your investment, and proceed accordingly.</p> </html>",
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