Why are pirates attacking ships off the coast of Somalia? Because it's very profitable! You'll be surprised just how profitable. This got me wondering...is profitability the same reason that most bankers want to be bankers?
In the past year, pirates in the area of the Gulf of Aden have accrued "tens of millions of dollars" in ransoms. I'd say that's a pretty profitable business.
Yet still the owners of the ships that are being attacked balk at carrying weapons to defend themselves.
Wouldn't that make you angry if you found out that pirates were stealing tens of millions of dollars from you?
How about if they were stealing thousands of times that much?
It's ironic that the Somali pirates are receiving hours and hours of news time for stealing from cargo ships during the same period of time in which global economic pirates are stealing far more from you.
Global financiers are gaming you and me, and they're not even asking for a ransom. They don't need to, because it's quasi-legal. And because you let them. You're a bigger pansy than than the cargo ship lines who refuse to defend themselves.
The Federal Reserve, Goldman Sachs, George Soros, the International Monetary Fund, and all of their pirate friends are stealing money right out from under your nose and all you care about is getting a stimulus package.
You're worrying about the wrong pirates, dude.