Warren Mosler is currently the Present of Valance Co, Inc. located in St. Croix in the US Virgin Islands, where he resides. In 1982, Mosler was a founder of Illinois Income Investors that evolved into the III investment companies. Over the years, he pioneered numerous investment strategies that utilized US Government securities, mortgage backed securities, LIBOR swaps and LIBOR caps, and financial futures markets in market neutral, 0 duration strategies. In 1986, he originated the 'mortgage swap' and in 1996 orchestrated the largest futures delivery to date (over $20 billion notional) in Japan. He also created a swap futures contract currently operational (in a muted form) by a major exchange. III was rated number one by MAR in risk adjusted returns for the previous 10 years in 1997 when he turned control over to his partners. Mosler is also Chairman and majority shareholder of Consulier Engineering (CSLR), President and founder of Mosler Automotive (http://www.moslerauto.com), which manufactures the MT900 sports car in Riviera Beach, Florida; Co-Founder and Distinguished Research Associate of The Center for Full Employment And Price Stability at the University of Missouri in Kansas City; Senior Associate Fellow, Cambridge Center for Economic and Public Policy, Downing College, Cambridge, UK; and Associate Fellow, University of Newcastle, Australia.