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Lets face it. The CMBS industry is only expected to be $10-15 billion this year, compared to about $250 billion at its peak in 2007. A lot of good people have left their firms or even the industry, for example in my outreach I found that the senior CMBS staff at Credit Suisse are no longer there, and many other firms don’t expect to get back into this industry for quite a while.

So how do we make profits? We have to look at other sources. One new emerging source is the radical technologies of the future. Well, they will only be future technologies if we work on them today.

One is probably correct to say that these are very high risk ventures, but wait a minute, didn’t we lose 50% of our principal in RMBS and CMBS? Thankfully that puts a new perspective on the risk of ‘radical’ technologies, doesn’t it?

In this post we explore some of the radical physics and technologies that I have been personally involved in. Yes, some of you (especially those of you who have worked with me at Capmark & at Goff Capital) know that I have been working on gravity modification technologies and later photon technologies these past 11 years.

I have published or presented 12 papers on this subject and given 4 radio / Internet interviews. See iSETI LLC; and am particularly proud of 2 papers that are now available as American Institute of Physics (AIP) Conference Proceedings. These 2 papers have be archived at The Smithsonian / NASA Astrophysics Data System:

1. An Approach to Gravity Modification as a Propulsion Technology
Paper Link:

2. Non-Gaussian Photon Probability Distribution (
Paper Link:

In April 2009 I was honored to accept the position of Session Co-Chair of the A.03.1 Theories, Models and Concepts, Frontiers in Propulsion Science track at SPESIF, an AIP conference. The Session Chair is Dr. Martin Tajmar, Head of Space Propulsion & Advanced Concepts, Austrian Research Centers GmbH – ARC.

It is heartening to know that many, many scientist, engineers & technologist are working to improve our world and to reach for the stars. Well managed privately funded research will accelerate this and provide good returns for new investors.

Gravitational Acceleration Without Mass!
The formula on the right, g=tau.c^2, was published in my paper An Approach to Gravity Modification as a Propulsion Technology and derived using extensive numerical models (the same methods used in finance) and a new approach to gravity, that particles deform in a gravitational field. Briefly, gravitational acceleration is an indirect effect of mass, and therefore gravitational mass is not required to calculate the force. What is required to be known is the distortion present in spacetime at the location where the particle is, or tau or dt/dr the change in time dilation divided by the change in distance. Elegantly simple!

This formula has been numerically proven to be correct for gravitational forces, electromagnetic forces and mechanical forces i.e. unification of gravitational with electromagnetic forces that our current physical theories have not been able to reach. Lets think about this. This means that gravity modification as a propulsion mechanism is theoretically feasible!

Michio Kaku, the famous string theorist said (April 25 2008 The Space Show radio interview), that gravity modification is hundreds of years away. That is great news for small business research labs. Why? Because we cannot compete with the multi-billion dollar labs, and therefore, not being fully accepted (just yet) by the main stream physics community gives us breathing space to pursue our research to commercial success.

Therefore, we can expect new propulsion technologies, storage technologies – by slowing down time, new force field technologies, new solid-state gravitational accelerometers and much, much more.

Non-Gaussian Photons? What is That?
Quantum Theory is based on the premise that a particle’s probability distribution is a Gaussian distribution. The familiar Bell Curve or Normal distribution is the most famous member of this family of distributions.

In my paper Non-Gaussian Photon Probability Distribution, I showed that the photon’s probability distribution is not a Gaussian function but a modified Gamma distribution. As a consequence I was able to present shielding, cloaking and invisibility as different manifestations of this one and the same modified Gamma distribution. This also suggests new ways of looking at quantum entanglement. All this is done without taking into consideration the photon’s electromagnetic nature. This is a radical shift in photon modeling.

What does this mean? We can look forward to new materials technologies, such as cloth-like radiation shielding materials for space exploration, etc.

The Book

My book, An Introduction to Gravity Modification: A guide to using Laithwaite’s and Podkletnov’s experiments and the physics of forces for empirical results, (Universal Publishers, Boca Raton) published in 2008, presents what the physics of forces would look like given gravity modification.

The book details the work of selected experiments & researchers, Laithwaite (British experiments in the 1970s), Hayasaka & Takeuchi (Japanese experiments in the 1980s), Podkletnov (Russian experiments in the 1990s), and Luo, Nie,  Zhang, & Zhou (Chinese experiments in the early 2000s).

 In the 1970s Prof. Laithwaite, Heavy Electrical Engineering, Imperial College, UK,  showed that a rotating-spinning wheel would lose weight. His work was largely ignored because no one could mathematically explain why. I solved this and the equation is presented in the book. This could only be solved by assuming that Non-Inertia, Ni, fields exists.

It is important to note that in the 1990s Podkletnov was the first to bring to our attention the possibility that a spinning superconducting disc could have gravity modifying effects. However, his published papers are scant on technology details. The book provides a reverse engineering of why Podkletnov observed gravity shielding effects, using my findings that gravitational acceleration  is an indirect effect of mass.

If you chose to purchase this book, please bear in mind that there are some typo errors and it needs some revisions to include Non-Gaussian photon probability distributions. I expect to revise the book by December 2010, if I do get the time, else it will be next year.

The book is available directly from Universal Publishers or on Amazon (read the reviews).

Funding Summary
The Wall St. crash of 2008, the mortgage crisis, and severe asset deflation, tells us that the perception of risk rather than actual risks usually determines our investment decisions.

From my own personal experience with the grants process at the National Science Foundation I infer that it is difficult to get funding for any project that is not directly related to Relativity, Quantum Theory or String Theory. This is not surprising given that it is tax payer supported and there is a need to prioritize and be accountable for the disbursements. Therefore radical technologies will require private investors.

To get an idea of the size of the investment opportunities in the US, the 2010 NSF budget is $6 trillion (12 zeroes), and the size of the 2008 DoD SBIRs was $1.2 billion, other SBIRs/STTRs are estimated to around $2 billion. Therefore, innovation funding in the US is approximately $6.5 trillion not including internal corporate funding. Compare this to 2007 CMBS of $250 billion and gross U.S. issuance of agency & non-agency MBS of about $2 trillion. This reflects a huge opportunity in innovation research funding if we know how to tap it.

But wait, this now famous photograph shows 11 of Microsoft’s early pioneers. Who would have guessed…

If one is willing to invest patient money into radical high-risk technologies of the future, there are a lot of opportunities. In my opinion radical technologies can have higher sustainable rewards. 


 About QuantumRisk
QuantumRisk provides the following services for investment companies, dealers & underwriters, fund managers, major municipal issuer(s) and corporate clients (no retail clients),

1. Structured Finance: 

1.1 CMBS Loss Vectors & Black Swans (more)

1.2 CMBS Defeasance Structuring with Prepayment Charges and Yield Maintenance Analysis.

1.3 Municipal Tax-Exempt & Taxable Bonds Refunding Analysis including Escrow Analysis & Structuring. 

2. Management Consulting:

2.1 Financial Analysis & Modeling
2.2 Business Process Reengineering
2.3 Business Strategy


Disclosure: I’m a capitalist too, and my musings & opinions on this blog are for informational/educational purposes and part of my efforts to learn from the mistakes of other people. Hope you do, too. These musings are not to be taken as financial advise, and are based on data that is assumed to be correct. Therefore, my opinions are subject to change without notice. This blog is not intended to either negate or advocate any persons, entity, product, services or political position. Nor is this blog post to be construed as investment advice.

Contact: Ben Solomon, Managing Principal, QuantumRisk



One Comment

  1. Thank you for responding Ms. Zoldak:

    Sometimes the seemingly “big picture” is but a sub-set for part of a different picture.

    What this is to me is part of a social model where, let’s say, someone from the Gates Foundation might be willing to buy a franchise for a family in poverty, mentor the family, and enjoy ownership of the franchise while letting the family pay as they could until the foundation was comfortable owning a only small portion where the dividends being would continue returned to the foundation.

    In this model, the willing family earns a franchise, gains social recognition there are people who care deeply for them yet don’t know them, but may be familiar to their plight. Learn the true value of charity from a hand up rather than a hand out. These folks most likely would in-turn realize selfishly-selfless benefits of this style of touch-the-soul charity.

    My dream has been to become a philanthropist since I watched “The Millionaire”
    tv show and read “Richie Rich” comic books. My passion and caring is where it needs to be, alas I figured out without money, philanthropy changes. When the lottery jackpot reaches $100,000,000 I take out my dreams and plan anew.

    Philanthropy has taken many paths and believe maybe my job is to dream and write, and perhaps someone reading this or someone else’s idea and embrace it or something close.

    So, maybe Ms. Zoldak your reading this might someday put the tis model on the path to the appropriate platform for incorporation.

    Any lottery winners out there?

    As far as finding someone willing Ms. Zoldak…well I’ve been there and have simple means that match my needs, therefore relatively well-off. My guess is there would be many families quite willing to have go at demonstrating the value of this model.

    Thank you for taking the time to reply and for listening to the rest of the story.

    Respectfully sincere,

    jimmy barrows
    On 03/25/10 5:47 AM, Anastasia Zoldak wrote:
    All good points, but I would like to add that we sometimes forget that we need businesses or people willing to start business in order to have jobs. Making a country anti-business in this global business environment is unhealthy for U.S. jobs.

    On 03/09/10 1:09 PM, jimmy barrows wrote:

    Simple and basic using common sense will work:
    Small businesses create the most jobs.

    Banks and financial institutions use very little of the money we gave them to help us out of this recesion they started.

    Credit Unions are owned by the members -us – and are chartered to answer to their members – us.

    SBA’s track record for backing -us- is dismal although payed by -us- they do not seem to act in our best interest.

    Well organized and profitable franchise packages include business plans, sight selection, protected territory, competion intellegence, training, mentoring, customer following, marketing plans, established procedures, and vested interest in our success.


    If banks are not useful and in some cases obstructive – don’t rely on them or use them to help us during the recesion -fool us once shame on us — fool us twice shame on us; and make sure they are not too big to fail.

    If Credit Unions are required by charter to have the best interest of its members -us- in the forefront, are ready willing and able to help it members why aren’t we using Credit Unions. They are FEDERALLY regulated. and they profit the credit unions make go back to its members. Where is the problem. THEY ARE FEDERALLY CONTROLED. Make what ever law is needed to by pass the other banks.

    Isn’t this OUR money!

    Why spend $250,000 for 1 job that pays $50,000 and lasts only 1 year.

    A down payment for a franchise costs about $80,000 and creates about 5 jobs and lasts for many many years.

    As we own the companies that failed and we bailed out, the government -us- could own a proportional share of the businesses that, because they are franchises and have the heart and soul of good law abiding citizens as co-owners, they will be successful.

    If the SBA does not have a very good track record – shut it down and save the -our- money and put it in to the Credit Unions to establish more franchises. The SBA the apply for their jobs at the Credit Unions where the people, – us members – have control over makeing the money work for -us-the US-

    Those owners, when it comes time to pay the bigger tax bills, will where them as a badge of honor.

    So Respectfully Sincere,

    jimmy barrows

2 Trackbacks/Pingbacks

  1. By Quantum Risk Management « Ddoingit1's Blog on 08 Apr 2010 at 9:21 am

    […] New Physics, New Products, New Profits […]

  2. By Quantum Risk Management « Ddoingit1's Blog on 08 Apr 2010 at 9:28 am

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