Sadly enough, given how spineless the leaders of the world are today, I fully expect this exchange will easily outperform the Dow Jones Industrial:
HARADHEERE, Somalia (Reuters) - In Somalia's main pirate lair of Haradheere, the sea gangs have set up a cooperative to fund their hijackings offshore, a sort of stock exchange meets criminal syndicate.
...
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.
Yep, thanks to decades of efforts by the world's Soviet-backed peace movement, our leaders of today really do have no idea what the proper response to piracy is.
(h/t Atlas Shrugs)
And the name of this place is pronounced in English as "Hardee Har", eh? ;)
BTW- What's the symbol for this on NASDAQ? I want in! 5,000 quatloos on the newcomers!
Um. How is it that the MSM can find a somali pirate in a hidden hideout hidey hole, get their full economic breakdown and trading scheme, but fail to even recognize that something might be going on with the false climate research.
And yet, the MSM have been quiet for nearly 2 weeks.