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CONSORTIUM FOLLOWS PENTAGON LEAD WITH NEW TERROR MARKET
international |
miscellaneous |
press release
Friday August 08, 2003 17:13 by AAM
Inspired by the futures market in terror and war Contact: mailto:info@americanactionmarket.org |
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Comments (4 of 4)
Jump To Comment: 1 2 3 4Sounds like fun though. You could probably get most of those bets at Paddy Power anyway.
It has been reported in quite a few papers.
It's worth reporting because it's further proof that there are no sane people in the Pentagon. Consider that the Pentagon mentality saw nothing wrong with setting up a betting ring where people could anonymously bet on terror crimes?
Critics of the idea pointed out the scope for abuse as terrorists could take part because the traders' identities would have been unknown.
Byron Dorgan, a Democratic senator from North Dakota, called the concept a "sick idea".
"I think this is unbelievably stupid," he told reporters. "It combines the worst of all our instincts. It is a tragic waste of taxpayers' money, it will be offensive to almost everyone. Can you imagine if another country set up a betting parlour so that people could go in ... and bet on the assassination of an American political figure, or the overthrow of this institution or that institution."
And they tried to justify this by comparing it to the stock market.
"Research indicates that markets are extremely efficient, effective and timely aggregators of dispersed and even hidden information,"
Well, the markets are not efficient for a start.
There's a whole load of insider trading, corruption, lies, false accounting, under and over confidence.
But most importantly, when the markets are relatively accurate is when there is no illegal trading going on and when information is freely available.
Terrorism on the other hand, does not have a regulatory body, and terrorists do not generally like to throw away the element of surprise.
How dumb are these folks at the Pentagon?
Sounds like fun though. You could probably get most of those bets at Paddy Power anyway.
- if you bet on a specific terrorist act at Paddy Power's and it happened, I think that when you go to collect your winnings there would be half a dozen armed cops there to meet you and ask you lots of questions.
The enemy is trapped in the sacred land,
in the slough of it's despond.
from Megiddo to the Khyber.
Yesterday Monkey Bush suggested that as long as he is in the Oval Room, there will be no withdraw from Iraq.
= Any suggestions?
The first Saudi installations are now known to have been attacked.
Monkey Bush doesn't "have to" dice with fate, will someone make it clear?
and as we knew all along the pre-war Oil contracts are the legal ones.