posted on Jul, 28 2003 @ 07:21 PM
I hope this makes some of you sleep better at night, knowing that they are TAKING BETS on if you will live or die in a terrorist attack.
Program Models 'Futures' Markets
POSTED: 3:20 p.m. EDT July 28, 2003
A new Department of Defense program allows traders to bet on the likelihood of future terrorist attacks.
The department's "Defense Advanced Research Project Agency" designed what it calls the "The Policy Analysis Market."
The program works much like the financial markets where traders buy and sell "futures" based on the possibility of a specific event in the Middle
East, 11 News reported.
Some of the examples listed on the agency's Web site include the assassination of Palestinian leader Yassar Arafat and a missile attack by North
Korea. Bidders would profit if the events for which they hold futures occur.
Defense officials said the market-based system is highly accurate when assessing such things as political and civil stability, economic health and
military disposition of Middle East countries.
Participants would only have to pick a username and password to participate and the agency said it won't have access to their identities or funds.
But critics said this allows terrorists who are planning an attack to profit on the assault or even make false bets to mislead authorities.
www.thewbalchannel.com...