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Thursday, July 28, 2011

Somali Pirates Open Stock Exchange, Probably A Safer Investment Than The NYSE.


Multiple sources including Reuters and The Wall Street Journal are reporting that Somali pirates have opened a stock exchange to facilitate investment in 72 local pirate crews (only 10 of which have been successful at hijacking ships to date).
"Piracy-related business has become the main profitable economic activity in our area and as locals we depend on their output," said Mohamed Adam, the town of Haradheere’s deputy security officer.
At the rate the budget talks are progressing in Washington the Somali Pirate Exchange may be your best investment option in the short to intermediate term.
What a pirate stock exchange might look like

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