Thursday, December 3, 2009

Somali Pirate Stock Exchange = SPSE


So I saw this crazy article on slashdot.org today about how Somali Pirates are starting up a stock exchange of sorts. This makes me think of future headlines like.... Ninjas rock Somali Pirate Stock Exchange.... Pirate Booty Futures taking a Black Swan Dive.

Excerpts from the article:

"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."

The gangs have made tens of millions of dollars from ransoms and a deployment by foreign navies in the area has only appeared to drive the attackers to hunt further from shore.
It is a lucrative business that has drawn financiers from the Somali diaspora and other nations -- and now the gangs in Haradheere have set up an exchange to manage their investments.

1 comment:

Eric said...

You know the ninjas would destroy it.