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Re: [casi] "Invest in Mideast futures"



It seems that a lot of money could be made by terrorists if
this goes ahead.

Quoting ppg <ppg@nyc.rr.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" <ppg@nyc.rr.com>
> To: <casi-discuss@lists.casi.org.uk>
> 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
>
>
>
>
>
>
>
>
>
>
>
>
> _______________________________________________
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> To contact the list manager, email casi-discuss-
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> 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-
admin@lists.casi.org.uk
> All postings are archived on CASI's website:
http://www.casi.org.uk
>



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All postings are archived on CASI's website: http://www.casi.org.uk


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