Tilted Forum Project Discussion Community  

Go Back   Tilted Forum Project Discussion Community > The Academy > Tilted Politics


 
 
LinkBack Thread Tools
Old 07-29-2003, 07:30 AM   #1 (permalink)
I run E.
 
Location: New York
Betting on the next terrorist attacks?

The pentagon has come up with a brilliant plan to try to catch terrorists. They will hunt the terrorists down over the internet when they bet on their own attacks(or something like that). This is one of the most sick and warped things I've ever seen:

New York Times July 29th

Pentagon Prepares a Futures Market on Terror Attacks
By CARL HULSE


ASHINGTON, July 28 — The Pentagon office that proposed spying electronically on Americans to monitor potential terrorists has a new experiment. It is an online futures trading market, disclosed today by critics, in which anonymous speculators would bet on forecasting terrorist attacks, assassinations and coups.

Traders bullish on a biological attack on Israel or bearish on the chances of a North Korean missile strike would have the opportunity to bet on the likelihood of such events on a new Internet site established by the Defense Advanced Research Projects Agency.

The Pentagon called its latest idea a new way of predicting events and part of its search for the "broadest possible set of new ways to prevent terrorist attacks." Two Democratic senators who reported the plan called it morally repugnant and grotesque. The senators said the program fell under the control of Adm. John M. Poindexter, President Ronald Reagan's national security adviser.

One of the two senators, Byron L. Dorgan of North Dakota, said the idea seemed so preposterous that he had trouble persuading people it was not a hoax. "Can you imagine," Mr. Dorgan asked, "if another country set up a betting parlor so that people could go in — and is sponsored by the government itself — people could go in and bet on the assassination of an American political figure?"

After Mr. Dorgan and his fellow critic, Ron Wyden of Oregon, spoke out, the Pentagon sought to play down the importance of a program for which the Bush administration has sought $8 million through 2005. The White House also altered the Web site so that the potential events to be considered by the market that were visible earlier in the day at www.policyanalysismarket.org could no longer be seen.

But by that time, Republican officials in the Senate were privately shaking their heads over the planned trading. One top aide said he hoped that the Pentagon had a good explanation for it.

The Pentagon, in defending the program, said such futures trading had proven effective in predicting other events like oil prices, elections and movie ticket sales.

"Research indicates that markets are extremely efficient, effective and timely aggregators of dispersed and even hidden information," the Defense Department said in a statement. "Futures markets have proven themselves to be good at predicting such things as elections results; they are often better than expert opinions."

According to descriptions given to Congress, available at the Web site and provided by the two senators, traders who register would deposit money into an account similar to a stock account and win or lose money based on predicting events.

"For instance," Mr. Wyden said, "you may think early on that Prime Minister X is going to be assassinated. So you buy the futures contracts for 5 cents each. As more people begin to think the person's going to be assassinated, the cost of the contract could go up, to 50 cents.

"The payoff if he's assassinated is $1 per future. So if it comes to pass, and those who bought at 5 cents make 95 cents. Those who bought at 50 cents make 50 cents."

The senators also suggested that terrorists could participate because the traders' identities will be unknown.

"This appears to encourage terrorists to participate, either to profit from their terrorist activities or to bet against them in order to mislead U.S. intelligence authorities," they said in a letter to Admiral Poindexter, the director of the Terrorism Information Awareness Office, which the opponents said had developed the idea.

The initiative, called the Policy Analysis Market, is to begin registering up to 1,000 traders on Friday. It is the latest problem for the advanced projects agency, or Darpa, a Pentagon unit that has run into controversy for the Terrorism Information Office. Admiral Poindexter once described a sweeping electronic surveillance plan as a way of forestalling terrorism by tapping into computer databases to collect medical, travel, credit and financial records.

Worried about the reach of the program, Congress this year prohibited what was called the Total Information Awareness program from being used against Americans. Its name was changed to the Terrorism Information Awareness program.

This month, the Senate agreed to block all spending on the program. The House did not. Mr. Wyden said he hoped that the new disclosure about the trading program would be the death blow for Admiral Poindexter's plan.

The Pentagon did not provide details of the program like how much money participants would have to deposit in accounts. Trading is to begin on Oct. 1, with the number of participants initially limited to 1,000 and possibly expanding to 10,000 by Jan. 1.

"Involvement in this group prediction process should prove engaging and may prove profitable," the Web site said.

The overview of the plan said the market would focus on the economic, civil and military futures of Egypt, Jordan, Iran, Iraq, Israel, Saudi Arabia, Syria and Turkey and the consequences of United States involvement with those nations. The creators of the market envision other trappings of existing markets like derivatives.

In a statement, Darpa said the trading idea was "currently a small research program that faces a number of major technical challenges and uncertainties."

"Chief among these," the agency said, "are: Can the market survive and will people continue to participate when U.S. authorities use it to prevent terrorist attacks? Can futures markets be manipulated by adversaries?"

Mr. Dorgan and Mr. Wyden called for an immediate end to the project and said they would use its existence to justify cutting off financial support for the overall effort. In the letter to Admiral Poindexter, they called the initiative a "wasteful and absurd" use of tax dollars.

"The American people want the federal government to use its resources enhancing our security, not gambling on it," the letter said.
__________________
I hold with those that favor fire.
eyeronic is offline  
Old 07-29-2003, 07:32 AM   #2 (permalink)
Banned
 
I dont think it will do them much good, but it should make them some money.

*Like Cartman* Why the fuck not?
HaloLauren is offline  
Old 07-29-2003, 07:47 AM   #3 (permalink)
Tilted
 
Location: location, location
argh! what's the name of that book! the one with the guy who's really smart and keeps changing roles? it's a sci fi novel from a while back. They have a system exactly like that, I think the system's called Delphi or something.
__________________
BOOYAH!
urizenxvii is offline  
Old 07-29-2003, 08:04 AM   #4 (permalink)
Banned
 
Location: Autonomous Zone
http://www.ideosphere.com/
http://www.longbets.org/

It's been done.
Pennington is offline  
Old 07-29-2003, 08:05 AM   #5 (permalink)
Banned
 
It's been done by individuals, not by the government.

I'd much rather see the government making money off of it than some rube.
HaloLauren is offline  
Old 07-29-2003, 08:23 AM   #6 (permalink)
Banned
 
Location: Autonomous Zone
Quote:
Originally posted by HaloLauren
It's been done by individuals, not by the government.
I was just pointing out that it's not a new or an original concept.

I'd much rather see the government making money off of it than some rube.


Bad things happen when govenments start to work for a profit.
Pennington is offline  
Old 07-29-2003, 09:22 AM   #7 (permalink)
The GrandDaddy of them all!
 
The_Dude's Avatar
 
Location: Austin, TX
i thought it was a hoax too....are we getting that desperate?
__________________
"Luck is what happens when preparation meets opportunity." - Darrel K Royal
The_Dude is offline  
Old 07-29-2003, 10:03 AM   #8 (permalink)
My future is coming on
 
lurkette's Avatar
 
Moderator Emeritus
Location: east of the sun and west of the moon
What's to keep it from being directive instead of predictive - that is, someone sees a long shot event, places lots of money on it, then carries it out and collects the profits? It's not like they would have done it in the first place, it just becomes another way to make a bunch of money.

Oop - just heard on NPR the program was terminated due to Senate objections.
__________________
"If ten million people believe a foolish thing, it is still a foolish thing."

- Anatole France
lurkette is offline  
Old 07-29-2003, 10:10 AM   #9 (permalink)
Tilted Cat Head
 
Cynthetiq's Avatar
 
Administrator
Location: Manhattan, NY
wild... like a dead pool but on a grander scale
__________________
I don't care if you are black, white, purple, green, Chinese, Japanese, Korean, hippie, cop, bum, admin, user, English, Irish, French, Catholic, Protestant, Jewish, Buddhist, Muslim, indian, cowboy, tall, short, fat, skinny, emo, punk, mod, rocker, straight, gay, lesbian, jock, nerd, geek, Democrat, Republican, Libertarian, Independent, driver, pedestrian, or bicyclist, either you're an asshole or you're not.
Cynthetiq is offline  
Old 07-29-2003, 10:23 AM   #10 (permalink)
Everything's better with bacon
 
SaltPork's Avatar
 
Location: In your local grocer's freezer.
This by far is one of the worst ideas that the govt has ever had, it ranks right up there with welfare.
__________________
It was like that when I got here....I swear.
SaltPork is offline  
Old 07-29-2003, 10:25 AM   #11 (permalink)
Addict
 
Lord Humungus's Avatar
 
Location: The Outer rim of HELL
I don't really know to think about that. Lets just turn our entire civilization into gambling junkies so we can piss away our hard earned money and jump out of tall story buildings. Maybe we can start betting on all the people who will jump out of a tall building because they lost a bet that a political figure was going to get killed on a sunday but rather got killed on a monday. Then we can start betting on whos gonna win a bet on the bet placed on the guy that jumped out of a building because he lost a bet.
Fine idea!

Sick bastards.
__________________
I am still searching for the movie this quote was in...
"Make you strong, like bull", said in a russian accent
Post here if you know anything...PLEASE!

Last edited by Lord Humungus; 07-29-2003 at 10:28 AM..
Lord Humungus is offline  
Old 07-29-2003, 10:26 AM   #12 (permalink)
Banned
 
Quote:
Originally posted by Pennington
I was just pointing out that it's not a new or an original concept.

I'd much rather see the government making money off of it than some rube.


Bad things happen when govenments start to work for a profit.
They are not working for profit. The money they make goes back into helping us, and if they make enough, they could lower taxes.

Democrat version: If they make enough, they could give more money to the "less fortunate".
HaloLauren is offline  
Old 07-29-2003, 10:34 AM   #13 (permalink)
Everything's better with bacon
 
SaltPork's Avatar
 
Location: In your local grocer's freezer.
Quote:
Originally posted by HaloLauren
They are not working for profit. The money they make goes back into helping us, and if they make enough, they could lower taxes.

Democrat version: If they make enough, they could give more money to the "less fortunate".
You're kidding, right? Please tell me you were joking.
__________________
It was like that when I got here....I swear.
SaltPork is offline  
Old 07-29-2003, 10:47 AM   #14 (permalink)
I run E.
 
Location: New York
Cancelled, but not before the Fucking Bush administration spent $600,000!!!

Whoever says the Democrats waste money needs to check themselves!!!

The Bush administration is the worst ever!!!

Here's the article that says how much they spent.
__________________
I hold with those that favor fire.
eyeronic is offline  
Old 07-29-2003, 01:53 PM   #15 (permalink)
Eh?
 
Stare At The Sun's Avatar
 
Location: Somewhere over the rainbow
Absolutly unreal. GRRRRRRRRRRRRRRRRRRRR. I just cant handle this anymore, my blood pressure is rising...*sigh* Maybe one day things will get better
Stare At The Sun is offline  
Old 07-29-2003, 02:26 PM   #16 (permalink)
My future is coming on
 
lurkette's Avatar
 
Moderator Emeritus
Location: east of the sun and west of the moon
I don't meant to stick up for this stupid idea, or for the Bush administration, but $600,000 is a drop in the proverbial bucket of the U.S. Budget. I'll be they spend more on toilet paper for the restrooms at the Capitol. Nothing to get bent out of shape about. (Of course, it's $600K that could have gone toward something worthwhile, but probably wouldn't have anyhow.)
__________________
"If ten million people believe a foolish thing, it is still a foolish thing."

- Anatole France
lurkette is offline  
Old 07-29-2003, 03:08 PM   #17 (permalink)
Banned
 
Location: Tullahoma, TN
I'm extremely dissipionted in the betting. Don't the victims of these types of crimes deserve better than this?
guy2003 is offline  
Old 07-29-2003, 04:17 PM   #18 (permalink)
Banned
 
Location: St. Paul, MN
God Bless Poindexter.... Liberals have rarely found such a fuggin ridiculous bogeyman, and i for one am glad to have him around, if only as a fundraising scare tactic. He doesn't get to do shit, expect for propose bad ideas that get shot down on national press before they do anything. What a great job.
chavos is offline  
Old 07-29-2003, 06:15 PM   #19 (permalink)
Fucking Hostile
 
tinfoil's Avatar
 
Location: Springford, ON, Canada
This is easily one of the most ludicrous things I have seen. The people involved should be fired for wasting tax payer money.

Betting on death? No thanks. What's next, Terrorist Survivor? Only on Fox, by the way.
__________________
Get off your fuckin cross. We need the fuckin space to nail the next fool martyr.
tinfoil is offline  
Old 07-29-2003, 06:59 PM   #20 (permalink)
Crazy
 
Location: Over the Rainbow
Quote:
Originally posted by guy2003
I'm extremely dissipionted in the betting. Don't the victims of these types of crimes deserve better than this?

I agree....
oldman2003 is offline  
Old 07-29-2003, 07:23 PM   #21 (permalink)
Tilted
 
Location: Tampa Bay, Florida
Hmm, Off Track Betting for Terrorists attacks. Who the hell thinks of these crazy ideas. Forget investing in pork belly futures, I want some of that 3,000 die from Anthrax in the Subway action . . .

Could it be the same folks who think $10 billion for a Missle Defense System will prevent a land-based nuclear terrorist attack so bad it will make Oklahoma City look like a mud puddle?
__________________
Will Code for food . . .
Gorgo is offline  
Old 07-30-2003, 08:22 AM   #22 (permalink)
will always be an Alyson Hanniganite
 
Bill O'Rights's Avatar
 
Location: In the dust of the archives
It says something when crap like this no longer even surprises me anymore. All I can do is sit here and shake my head in complete and total disbelief, and utter disgust.
__________________
"I distrust those people who know so well what God wants them to do because I notice it always coincides with their own desires." - Susan B. Anthony

"Hedonism with rules isn't hedonism at all, it's the Republican party." - JumpinJesus

It is indisputable that true beauty lies within...but a nice rack sure doesn't hurt.
Bill O'Rights is offline  
Old 07-30-2003, 12:06 PM   #23 (permalink)
Insane
 
Location: Vancouver, Canada
Walt Disney World Nuked 2:1
Bush says something silly 1:1
Osama opens porn site 5:1
Qusay and Uday aren't dead 7:1
Saddam steals Hawaiian islands, holds them for ransom 11:1
Korea nukes Seattle 12:1
Korea nukes Canberra 20:1
Iran deposes leaders, holds free elections 300:1
Democrats win in 04 500:1
Santa Claus is in league with the devil, has pedophilic tendencies - No bets.
__________________
Workers of the world, UNITE! You have nothing to lose but your silly uniforms and paper hats!!
The Bolshevist is offline  
Old 07-30-2003, 12:29 PM   #24 (permalink)
Banned
 
Location: St. Paul, MN
http://www.cnn.com/2003/ALLPOLITICS/...ket/index.html

As the link elaborates, the market idea has been killed under bipartisan pressure, mostly from the Senate. The $8 million that was ear marked will apparently going elsewhere. Good riddance.
chavos is offline  
Old 07-30-2003, 01:02 PM   #25 (permalink)
Upright
 
Location: Pacific Northwest
When I first saw this I really thought it was satire. I can't believe they actually did something like this. Can you wonder why the rest of the world is convinced our leadership has totally lost control?? What exactly would most Americans say if this same scheme was announced in one of the countries on our "enemy" list??
This, sadly, is an indication of a serious decline in our society and just leaves me shaking my head in disbelief.
sunstone is offline  
Old 07-30-2003, 01:25 PM   #26 (permalink)
Upright
 
Tis a brialiant idea
KoKenZen is offline  
Old 07-30-2003, 06:14 PM   #27 (permalink)
Junkie
 
Logical, in an odd osrt of way...
Xell101 is offline  
Old 07-31-2003, 03:38 PM   #28 (permalink)
Tilted
 
Location: Tampa Bay, Florida
Good News ! ! !

Not only was this assinine project put in the circular file next to the desk, the creative originator of the idea, a former National Security Advisor for Ronald Reagen aka ex-USN Admiral John Pointdexster, will be resigning. Donald Rumsfield suggested it stating Pointdexster had lost all credibility.

Odds that Pointdexster was a scapegoat for the real creator: 1:5

Odds that Oliver North acted alone in Iran-Contra dealings: 1:10
__________________
Will Code for food . . .
Gorgo is offline  
Old 08-04-2003, 11:27 AM   #29 (permalink)
cookie
 
dy156's Avatar
 
Location: in the backwoods
I think that these Senators are posturing and that it is short sighted to eliminate a potential source of intelligence. Someone profitted from selling American and United Airlines stock right before 9/11, and I also read that futures markets were a better predictor of Florida weather than meteorologists in a study involving citrus futures. I think we should use the intelligence we can get, and this program should not have been cancelled.

airline stock sales prior to 9/11
dy156 is offline  
Old 08-05-2003, 11:43 AM   #30 (permalink)
Junkie
 
Location: NJ
I thought it was an interesting concept. Basically it gets a whole bunch of brain power thinking about the situation and a ranking of what they see as the most likely targets. The outcomes that are most heavily wagered on are obviously seen as the most likely to occur by those taking the time to analyze the situation thoroughly.

In reality it is probably a bad idea because you probably will attract quite a few wack jobs and those that are just interested in betting on messed up things.

The concept is not that far from the calls from the various law enforcement agencies that came out after 9/11 looking for screenwriters, authors, etc to share their ideas for future terrorist attacks with them.
__________________
Strive to be more curious than ignorant.
onetime2 is offline  
Old 08-05-2003, 11:50 AM   #31 (permalink)
Gentlemen Farmer
 
j8ear's Avatar
 
Location: Middle of nowhere, Jersey
Quote:
Originally posted by tinfoil
The people involved should be fired for wasting tax payer money.
~That~ is one of the funniest things I have ever read in my whole life.
j8ear is offline  
Old 08-05-2003, 12:10 PM   #32 (permalink)
I run E.
 
Location: New York
Quote:
Originally posted by dy156
I think that these Senators are posturing and that it is short sighted to eliminate a potential source of intelligence. Someone profitted from selling American and United Airlines stock right before 9/11, and I also read that futures markets were a better predictor of Florida weather than meteorologists in a study involving citrus futures. I think we should use the intelligence we can get, and this program should not have been cancelled.

airline stock sales prior to 9/11
I still think it's a crackpot idea, but I now understand where the notion came from. Great SNOPES link. Fascinating. Makes you wonder how many people knew about 9/11 before it happened. Thanks dy156.
__________________
I hold with those that favor fire.
eyeronic is offline  
 

Tags
attacks, betting, terrorist


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -8. The time now is 05:49 PM.

Tilted Forum Project

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0 PL2
© 2002-2012 Tilted Forum Project

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360