For those who don’t know what he’s talking about, they are called:
“EVENT CONTRACTS”
CFTC Issues Concept Release Seeking Comment on the Appropriate Regulatory Treatment of Event Contracts
CFTC Requests Public Input on Possible Regulation of “Event Contracts”
Mirror: 08-004c002
The memo goes on to list the areas of weather modification:
- Fog – creating fog by means of cloud seeding, dispersal techniques, and chemtrails
- Precipitation – creating precipitation by means of lasers and using nanotechnology
- Storms – creating and controlling storms by means of creating heat in atmosphere, storm cell triggering, and lightning modification
- Space-Weather Modification – through controlling the ionosphere using chemical vapors, heating the electromagnetic radiation, x-rays, particle beams, and radiation beams
These Wall Street fat cats bet on whether your town is going to get leveled, then buy it for a song afterward. Think that sounds crazy? Did you know the NADEX bets on federal elections? Did you know just this April, the CFTC had to put it in writing that betting on elections is illegal if it involves assassinations, war, and the like. So to say they aren’t betting on the weather when they are controlling it with cloud seeding, radio waves, and HAARP, would make you the crazy one.
CFTC Issues Order Prohibiting North American Derivatives Exchange’s Political Event Derivatives Contracts
The Political Event Contracts are each binary option contracts that payout based upon the results of the various United States federal elections in 2012.
WHEREAS, Commission Regulation 40.11(a)(1) provides that registered entities, as defined in CEA Section 1 (a)( 40) and inclusive of designated contract markets such as Nadex, shall not list for trading any contract based upon an excluded commodity, as defined in CEA Section 1(a)(19), that “involves, relates to, or references terrorism, assassination, war, gaming, or an activity that is unlawful under any State or Federal law”;
More on Weather Derivatives and Event Contracts:
Understanding derivative contracts: types of derivatives
Introduction to Weather Derivatives
