Anton From Perm

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Pirates Stock Exchange

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From DailyFinance:

Meanwhile, the Somali pirates have begun to put all of that ransomed lucre — tens of millions of dollars in recent years — to work for them, setting up a stock exchange “that has drawn financiers from the Somali diaspora and other nations,” according to a startling Reuters dispatch from Somalia published Tuesday.

The bandits’ bourse is a small building in the once-small fishing village of Haradheere, about 250 miles northeast of Mogadishu. “Now it is a bustling town where luxury 4×4 cars owned by the pirates and those who bankroll them create honking traffic jams along its pot-holed, dusty streets,” the wire service reports. Somalia is considered one of the most dangerous countries in the world for Western journalists.

“Four months ago, during the monsoon rains, we decided to set up this stock exchange. We started with 15 ‘maritime companies’ and now we are hosting 72. Ten of them have so far been successful at hijacking,” Reuters quotes a “wealthy former pirate named Mohammed” as saying.

“The shares are open to all and everybody can take part, whether personally at sea or on land by providing cash, weapons or useful materials … we’ve made piracy a community activity.”

Also quoted is “piracy investor” Sahra Ibrahim, a 22-year-old divorcee, who was lined up with others waiting “for her cut of a ransom pay-out after one of the gangs freed a Spanish tuna fishing vessel.“”I am waiting for my share after I contributed a rocket-propelled grenade for the operation,” she said, adding that she got the weapon from her ex-husband in alimony. “I am really happy and lucky. I have made $75,000 in only 38 days since I joined the ‘company’.”

It reminds me the story of the Dutch East India Company during the 17th century 🙂 . The difference is that the Dutch East India Company waged war and pillaged outposts, while four centuries later the Somali are hijacking US oil tankers.


Written by antonfromperm

December 3, 2009 at 3:45 pm

Posted in Uncategorized

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