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View Full Version : Pentagon's Futures Market Plan Condemned


zimv20
Jul 28, 2003, 07:16 PM
link (http://story.news.yahoo.com/news?tmpl=story&cid=536&ncid=536&e=5&u=/ap/20030728/ap_on_go_ca_st_pe/terror_market)


The Pentagon (news - web sites) is setting up a stock-market style system in which investors would bet on terror attacks, assassinations and other events in the Middle East. Defense officials hope to gain intelligence and useful predictions while investors who guessed right would win profits.


i figured out the whole deal w/ the administration -- everything is a goddamned video game to them.

Ugg
Jul 28, 2003, 08:11 PM
Originally posted by zimv20

i figured out the whole deal w/ the administration -- everything is a goddamned video game to them.

What is up with them?????? Is this all about boys playing games and making money while doing so? If so, then they need to get the heck out of there and someone with some common sense put in their place.

pseudobrit
Jul 28, 2003, 10:39 PM
The idea of conflicts of interest is rearing its ugly head.

pseudobrit
Jul 28, 2003, 10:45 PM
Let's see how this might work...

I put 50 million dollars on Arafat's head. I pay a group of Palestinians half to kill him.

Or it could just as easily work in reverse.

Or is DARPA hoping that those "in-the-know" will be unable to refrain from cashing in on a sure thing and use it to track down investors with terrorist connections?

3rdpath
Jul 28, 2003, 11:26 PM
i had to read the article twice when i first saw it earlier today...i just couldn't believe it.

the pentagon's plan is offensive on so many levels.

it figures they'd find another way to make global unrest into a profitable industry...

zimv20
Jul 28, 2003, 11:38 PM
maybe the gov't will realize the merchandising potential and sell t-shirts that say:

Guess the Death Toll (front)
Win Valuable Prizes (back)

- or -

My Dad Died In a Terrorist Attack and all the Government Gave Me is this Lousy T-shirt

- or -

Arafat Chance He'll Live To See Another Ramadan

IJ Reilly
Jul 29, 2003, 12:16 AM
This must be some sort of sick, evil prank. Or I'm asleep and having a terrible nightmare. Admiral Poindexter, why are you smiling like that? Admiral?

Nooooooo..... it can't be! Dr. Strangelove... he's... he's -- REAL!

wwworry
Jul 29, 2003, 05:26 AM
DARPA sucks.

Sayhey
Jul 29, 2003, 06:49 AM
Always knew there were zealots in the administration that thought "market forces" were the answer to everything, but I never could've dreamed this one up in my wildest nightmare.

Oops! I see IJ Reilly's having that nightmare for me.

toontra
Jul 29, 2003, 08:19 AM
Bush's administration have obviously lost the plot to the point where they are now a serious threat to world stability.

Time for regime change ;)

IJ Reilly
Jul 29, 2003, 10:29 AM
What's even more peculiar about this story is the money the government has thrown at this project -- over a half million already, and several millions more in expenditures planned in coming years. Leave it to the Pentagon to run a casino that loses money!

zimv20
Jul 29, 2003, 10:54 AM
Originally posted by wwworry
DARPA sucks.

but i like their internet.

poindexter sucks.

3rdpath
Jul 29, 2003, 02:05 PM
well, the program is history...cancelled by public outrage.

i hope poindexter goes with it...

macfan
Jul 30, 2003, 04:16 PM
Conceptually, a futures market on events is not a bad idea, but for terrorism? Nuts.

DARPA = a great idea. The promote a lot of things, including chip design research.

Desertrat
Aug 1, 2003, 06:29 PM
Aw, look at it this way: You'd have all manner of folks hunting for information on terrorists in order to know what to predict, or when. They'd be financing their own efforts. The big problem, with so much information flowing in all directions, is sorting out the rational from the idiotic. (Don't we already have that?)

I mean, it's sorta like the Mall Rats, spending their own money on video arcade games, learning how to fire from an Abrams tank or manipulate other real-world fire control machinery.

Overall, it might even save tax dollars!

And maybeso some percentage of the terrorist types would get discouraged...

:), 'Rat