The following is an archived copy of a message sent to a Discussion List run by the Campaign Against Sanctions on Iraq.
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It seems that a lot of money could be made by terrorists if this goes ahead. Quoting ppg <email@example.com>: > Re: PAM > > London Times, July 29 > > Fury over bets on terror project > > The Pentagon is setting up a commodity market-style trading system in > which > investors would be able to bet on political and economic events in the > Middle East. This would include the likelihood of assassinations and > terrorist attacks. But two Democratic senators said they wanted the > project > stopped before investors began registering this week. > > > ----- Original Message ----- > From: "ppg" <firstname.lastname@example.org> > To: <email@example.com> > Sent: Monday, July 28, 2003 10:51 PM > Subject: [casi] "Invest in Mideast futures" > > > > Look around this site- seems PAM is a sophisticated program for Mideast > war > profiteers.. > http://www.policyanalysismarket.org/pam_concept.htm > "Concept Overview > > Analysts often use prices from various markets as indicators of potential > events. The use of petroleum futures contract prices by analysts of the > Middle East is a classic example. The Policy Analysis Market (PAM) refines > this approach by trading futures contracts that deal with underlying > fundamentals of relevance to the Middle East. Initially, PAM will focus on > the economic, civil, and military futures of Egypt, Jordan, Iran, Iraq, > Israel, Saudi Arabia, Syria, and Turkey and the impact of U.S. involvement > with each. > > [Click here for a summary of PAM futures contracts] > > The contracts traded on PAM will be based on objective data and observable > events. These contracts will be valuable because traders who are > registered > with PAM will use their money to acquire contracts. A PAM trader who > believes that the price of a specific futures contract under-predicts the > future status of the issue on which it is based can attempt to profit from > his belief by buying the contract. The converse holds for a trader who > believes the price is an over-prediction – she can be a seller of the > contract. This price discovery process, with the prospect of profit and at > pain of loss, is at the core of a market’s predictive power. > > The issues represented by PAM contracts may be interrelated; for example, > the economic health of a country may affect civil stability in the country > and the disposition of one country’s military may affect the disposition > of > another country’s military. The trading process at the heart of PAM allows > traders to structure combinations of futures contracts. Such combinations > represent predictions about interrelated issues that the trader has > knowledge of and thus may be able to make money on through PAM. Trading > these trader-structured derivatives results in a substantial refinement in > predictive power. ... > ... Trader registration will open on August 1, 2003..." > > Surf the site. > (Remember the 'South Sea Bubble'?) > > > Read the MSNBC news story: > http://www.msnbc.com/news/945269.asp?0sl=-22 > Can a ‘terror futures market’ work? > Defense Dept. project aims to let ‘investors’ bet on events > > > > > > > > > > > > > _______________________________________________ > Sent via the discussion list of the Campaign Against Sanctions on Iraq. > To unsubscribe, visit > http://lists.casi.org.uk/mailman/listinfo/casi-discuss > To contact the list manager, email casi-discuss- firstname.lastname@example.org > All postings are archived on CASI's website: http://www.casi.org.uk > > > _______________________________________________ > Sent via the discussion list of the Campaign Against Sanctions on Iraq. > To unsubscribe, visit > http://lists.casi.org.uk/mailman/listinfo/casi-discuss > To contact the list manager, email casi-discuss- email@example.com > All postings are archived on CASI's website: http://www.casi.org.uk > -- _____________________________________________________________________ 2x sneller ADSL met Zon Breedband Family. In combinatie met ZonTel nu voor maar 29 euro per maand. Bestel nu op www.zonnet.nl/breedband Bovendien met gratis modem en geen aansluitkosten! _______________________________________________ Sent via the discussion list of the Campaign Against Sanctions on Iraq. To unsubscribe, visit http://lists.casi.org.uk/mailman/listinfo/casi-discuss To contact the list manager, email firstname.lastname@example.org All postings are archived on CASI's website: http://www.casi.org.uk