In 1991, Blythe Masters read in economics (presumably with a heavy influence from H.P. Lovecraft and Stephen King) at Trintity College, Cambridge. In 1997, Blythe headed a small team of economists at J.P. Morgan bank in New York which developed the concept of the Credit Default Swaps as a means of insuring loans. This has led to Masters being described by The Guardian newspaper as "the woman who invented financial weapons of mass destruction." Regrettably, the quote from the Bhagavad-Gita about Shiva, destroyer of worlds, had already been taken by J. Robert Oppenheimer.
In April 2010 Masters told the Economic and Monetary Affairs Committee of the European Parliament that "there are definitely lessons that have to be learnt. I for one feel that I have learnt from that experience and there are things I may like to have seen done differently." There is nothing better than on-the-job training when manipulating the world's economy, as Ben Bernanke can attest. Theory is all well and good, but there is something to be said for the good old trial and error method.
Blythe has been the head of Morgan's commodity trading since 2006, and was reponsible for notably heavy losses in the firm's portfolio last year. JPM does not specifically disclose its own market positions, but is rumoured to be short a multiple of the solar system's estimated reserves in the silver market. The positions are said to be 'almost as volatile as Lindsay Lohan's personal life' and 'about as far underwater as the Titanic.'
"A new, invisible and at times virtual, tyranny is established, one which unilaterally and irremediably imposes its own laws and rules. Moreover, indebtedness and credit distance countries from their real economy and citizens from their real buying power. Added to this, as if it were needed, is widespread corruption and selfish fiscal evasion which have taken on worldwide dimensions. The will to power and of possession has become limitless." Francis I, 16 May 2013