₦airaland Forum

They will sell @N70 to Apc members

Which 1 is presidential steering committee ?

They will soon form presidential gearing commi-milk

The earliest instance of modern stock trading occurred in Amsterdam with the Dutch East India Company. In order to raise capital, it sold shares to the public and paid dividends based on the success of its ventures, oftentimes involving voyages out to sea. To an extent, the Pirate Stock Exchange found in Somalia has managed to preserve a good deal of the Dutch East India Company’s original spirit.

In 2009 – long before the generation-defining popularisation of cryptocurrency, non-fungible tokens (NFTs) craze, and long before Elon Musk had any pull on Twitter to literally make/break a stock – the forgotten fishing town of Harardhere decided the local economy needed an overhaul. Located approximately 250 miles northeast of Mogadishu, commercial opportunities were few and far between. But as they collectively realised the Somalian government was preoccupied with quelling the burning embers of Islamist extremism, they collectively decided it was high time to capitalise on their #1 export: piracy.

You see, in a place like Harardhere, many would join a private gang simply to avoid a life of militancy, poverty, and petty theft. As you can imagine, in this capitalist society of ours where cash rules everything around us, the natural evolution to undertaking piracy out of necessity was to organise amongst themselves – and make an absolute killing from it. Thus the world’s first Pirate Stock Exchange was established.

While to this day, there are no credible statistics available to confirm the number of entities listed, The Wall Street Journal reported over 70 distinct maritime operations are listed on the Harardheere Pirate Stock Exchange. Similar to the days of the Dutch East India Company, when a pirate mission is successful, the investors who bankrolled said pirate mission earns a share of the total profits.

Back in 2011, the town which had been written off by the outside world became a place “crowded with luxury cars” seemingly overnight. It’s to the point where even district government officials (allegedly) receive a cut to fund schools, hospitals, and other public infrastructure.

“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,” a former pirate reveals to Reuters (via WSJ).

“Piracy-related business has become the main profitable economic activity in our area and as locals, we depend on their output,” says local security officer Mohamed Adam.


So how exactly do all the moving parts function? The enterprising individuals behind each pirate operation and potential investors apparently survey trading routes for prospects they believe will pay out. When something juicy comes along, they hit up the Pirate Stock Exchange to fund their expedition. Absolutely anyone can sponsor the journey with anything from food, kerosene, weapons, information, to regular old cash.

The pirates then attack container ships along the routes they’ve scoped for the most precious cargo there is: hostages. According to Invstr, sailor hostages earn these entrepreneurial criminals an average of US$4 million (AU$5.55 million) from Western shipping insurance per “job.” Once the $$$ is secured, everybody goes home relatively unscathed, and the process is repeated until there’s no money left to be made. One lady invested an RPG-7 towards such a venture and apparently received a hefty US$75,000 (UA$104,000) in return. Suck it, Warren Buffett.



Piracy increases the cost of international commerce by $12 billion annually, and in Somalia alone, more than 20 vessels and 400 hostages are currently being held, according to the International Chamber of Commerce,” notes Avi Jorisch of The Wall Street Journal (2011).

Invstr also (rightfully) points out given the illiquidity, wild lack of regulation, and “inevitable corruption,” you stand to lose a lot more than just money if shit goes south. Plus, it goes without saying investors will feel the full brunt of market correction when the government eventually cracks down. But that might not even be the most pressing issue at hand.

While piracy was near an all-time high when the Harardheere Pirate Stock Exchange initially gained wider attention circa 2011, Statista outlines the heat has cooled off. Where 2010 and 2011 recorded 445 and 439 pirate attacks against ships worldwide, respectively, there was a considerable decline to 297 incidents in 2012. As of 2020, that figure had been reduced even further to 195. Did someone say “recession indicator”?

In the words of Buffett himself, when it’s raining outside, put out buckets – not thimbles. Put simply, enjoy it while it lasts. I guess. Or not. We don’t condone crime (legally speaking).


Published on 30th September 2021
by
GARRY LU

www.bosshunting.com.au

https://www.bosshunting.com.au/wp-content/uploads/2021/09/Pirate-Stock-Exchange-Harardhere-Somalia-1200x640.jpg

[quote author=humilitypays post=65087528][/quote]Nice 1

shariff84:
OK we have it,27k.I send full 100kg bag to Lagos last week.I can send it for u any time you are ready.thanks

I need it too : drop your contacts

onyi2k:
I just got my Visa to go to Germany. I am having cold feet making this journey. I have already told my boss I am leaving my current position.

I am yet to tell HR because of this cold feet. I have been in Qatar for 2years now and I think its best I move since I cannot marry and bring wify here.

The German company is paying for my flight and accommodation for 2 weeks but I am still having cold feet. The process is cumbersome.. I just realised I need health insurance to make this move. Where can i get such in Nigeria.

AIICO insurance company Lagos for your travel health insurance

Adamawa su****** b*****

Come out of your hiding place and tell us what made you run from bubu the great hunger bringer

shariff84:
This is the one I snap for you today,you can contact me for further discussion.

These are nice but can they be cleaned ?

Where is your location and how can I contact you ?

fffolly:
Is this dry shunbo

Yesssss oooo but the ones I am being offered are badly dried and not fresh.

First of all, the Nigerian electorates made their choice in 2015 during the election and also reconfirmed their choice during the 2019 elections so it isn’t the responsibility of the UN to Wade into such .


Secondly, Nigerians wished for Buhari’s presidency between 2012-2014 during different manifestations against GEJ,all the policies that would have put us ahead of most crisis we are currently witnessing now were fought against by the opposition and their supporters and to show their disgust for the GEJ presidency, majority of Nigerians voted and supported Buhari for two good terms so it is only reasonable that the UN allows Nigerians to enjoy their choice until 2023 when the general elections should hold again.


Lastly, in search for a solution, Nigerians found a major problem.
This can only mean that GEJ was Nigeria’s best bet but because he belongs to the ethnic minority, it was easy for the political heavyweights to fight against him, they wrestled power from him for their selfish reasons and today, they couldn’t even maintain the status quo,they derailed the country to a level where nobody can challenge the govt of the day.

I’m not a fan of PDP or APC, the truth is that only Nigerians in Diaspora can change Nigeria for good.

Dem wan run from France

Chai chai !

In this snake’s next life , it will prefer to become a rope

Price . Weight .

Raw or grilled ?

Hello

I’m in need of this product in large quantities.

I need to identify this dry pepper and I want to purchase 1 ton .

[quote author= post=93240858]Can you all now stand up and clap for yourselves pleaseeee?

From all of us @[/b] : [b]NIGERIA AMAKACHUKWU!

Oya now......... [/quote]I always knew you were a fake igbo , you are even too fake to be Nigerian

Got 2 brand new Nokia 3 for s

[quote author= post=92728750]Demma thieves don start again.

Oliver Twist with pan in hands.

What have you done with the monthly allocation and security votes in BILLIONS share among you ?

We kuku trust our darling daddy sha.

Popsy no dey look Uche face.

No more business as usual.

Slow and steady we will get to a new Nigeria. [/quote]Amechi recently confirmed that the trains are Goodluck Jonathan’s projects so please take note .

The big sizes are actually small and too expensive

ILoveDemMANNA:
y can't some of you learn how to shut up if you are not current about news going on in d world? why please?Get more knowledge if you know u av 2 comment on every thread here, dis same tin is going to take place for all Americans all ova d world, starting from their neighbours mexico and every oda countries, but see how u r embarassing urself online. kip on wailing and prepare 4 d worst u wish 4. see ur fellows liking ur comment. shame

You must be one of the foolish people that imam was talking about . You can lick your dad’s balls when you realise what I said is coming into reality . It’s a matter of weeks

There are US citizens in European countries like France Italy Germany and Netherlands etc but have you heard about any plans to evacuate them ?

Nigerians should be prepared For the worse. If capable 1st world countries in the world are losing hundreds of their citizens per day then imagine an unprepared 3rd world country like Nigeria that has a very poor credit account to purchase standard equipments for her citizens ?

Imagine a Nigeria that the elites would rather fly to the solution instead of bringing the solution home for the benefit of every citizen of the country ?

Even the smallest country in the world knows the whereabouts of their president, where is Buhari ? So imagine a Nigeria whose president is on the run ?

Food for thought

Simplyleo:
Why is Gbajabiamila bothering himself?

Is like he is not done with the insults he is getting from these people.

Nairaland have turned you into a senile fellow, if not you would have known that a lawmaker has to be politically correct. Those up there don’t play politics of hate unlike foot soldiers like you and that bbq senile fellow .

muykem:
The same Gbajabiamila they hate with passion is fighting for them. Nobody can deal with that zone without a big heart.

Illiteracy is identified by generalisation.

Your aunt is a manipulator !

The reason why is because of the double consequences you are actually going through : physical and mental slavery.

She also has an unquestionable reputation in the society so no one will actually believe you instead of her.

You have to over overcome and the only way to do so is by making a life time plan of running away and becoming very successful in life to the extent that your father will be won over to your side then you can reveal who she is and your people will believe you .

If you know that you can’t succeed alone by handling your destiny wisely without getting into trouble or derailing into a failure, better stay there until you can get yourself properly

Oluwatunmise529:
Hi people

I live with my aunt who is a pastor's wife. I got there four months ago due to the fact that my dad had some problems then.

But the first day I got to my aunt's place, I got the shock of my life. The house was totally dirty, even the sink in kitchen was removing maggots. She told me to clean and wash everything but being my first time with her. I told her I can't do them. Then she said she would slap me if I don't do her wish. I ended up doing them and since then am being used like a slave.

When I told my dad about everything.. She told my dad I need home training that I can't do anything and my dad told me to stay since he doesn't want it to cause a rift between them.

My aunt am talking about is an elder sister to my late mom but the same father and different mothers. There was a day she told me my grandmother was a witch and she killed one of her children before she died and she uses my witch grandmom to describe me to people in the neighborhood. I always feel ashamed.

She has a daughter who doesn't cook and clean or do anything... I end up doing everything and still it isn't enough, at the end of the day she tells me am lazy... Am always afraid to look when I pass by a mirror because I always look so dirty and haggard. Just yesterday rain fell here and she left some things outside. I ran outside to take those things inside and the next thing she did was rain insults on me because of that..

She has never raised her hands on me but only maltreat me.. I cried myself to sleep..I was always a jovial person before but now am always crying and moody and am beginning to hate her.

I don't laugh at all anymore even at funny things.. I only have hatred for her and her family...I don't want to hate anyone and I want to go back home and be myself again....am planning to run away now but am really scared of the outcome...
Worst is everyone thinks she is a good person because she is a pastor wife....

Am so fed up and always unhappy... Someone pls help me

Sacking of the service chiefs might lead to a very loud revelation .

Something is telling me that the presidency can’t dare the service chiefs

Yeye eggs dey smell

Omooba77:
Why did God allowed Rtd Gen. Buhari to be our President at this time?

God allowed Buhari to be your President because you all voted for him, re-voted for him and then turn around to blame God . so since God knew you would blame him from the beginning had Goodluck retained the seat, he decided to allow most of you see what you wished for before you blame him.

The good news is that God might pity us and remove Buhari and the bad news is that God might ignore us and focus on Europe and America .

Victoronah1:
Yeah. She asked me to buy her a Bluetooth MP3 player, I almost forgot, she didn't know I got her other things. I want to buy a very strong Bluetooth player, I saw one on Amazon for 38,000 naira, is it possible to order it and it will arrive before 14 at least on 13th.? Please if you know any trust worthy shipper mentioned him thanks.

I have a JBL charge 3 , brand new for sale in Lagos

GEJ need to explain to Nigerians how he managed to pay fuel subsidy and yet sold fuel at N86 per liter.

GEJ need to explain to Nigerians how he managed to controls our borders and yet a bag of rice was sold for 8k.

GEJ need to explain to Nigerians how he managed to build 17 federal universities in 17 states in Nigeria.

GEJ need to explain to Nigerians how he managed to build almajiri schools in all the Norther Local governments.

GEJ need to explain to Nigerians how he managed to hold $1=#165 for 4yrs

GEJ need to Explain to Nigerians how he managed to push Nigeria's economy to be number 1 in African.

GEJ, we need answers.