Originally Posted by krozet
15 years ago there would have been a simple solution to this issue, shoot first and ask questions later. I really don't understand the problem here! I know that there are economical issues and problems with international fishing in Somli waters but the BS that people were doing this to feed their family's is over. It is now a business for some of these people.
When every major power was faced with piracy throughout history they met force with force, today everyone wants to talk about it... As crude as it is a few head shots or smart bomb to a mud hut and the situation would start to resolve itself.
The 'Rules' don't apply when you are dealing with lawless people. Can you imagine the state of Pakistan if they had to continually stop to talk too the taliban or other extremest groups? Yes I know the two situations are not the same but the principal remains, some people only respond to force.
I do not normally advocate violence but there is no way to change the situation off the North East Coast of Africa... It has gone past the tipping point when goons are pulling in that much money with such little investment. If nothing is done soon this will give carte blanche to other lawless coastal area's of the world where they are looking for an easy way to make money.
Can you imagine if this was happening off the coast of Cuba?!?!
(not saying Cuba is lawless, just imagine what America would do if a couple ships were hijacked off the coast of Cuba)
I understand your sentiment on the pirate issue. But I think you are overlooking the next logical necessary process that comes first in the global free market capitalist system within which we operate.
First, when a serious pile of money shows up on the world stage, the bankers take notice and begin talking to the insurance execs, and they figure an angle to get a big chunk of the money pile. Any day now, Goldman Sacks or Morgan Stanley (god willing they beat their European competitors at UBS or RBS
) will announce a new hedge fund, monetizing the ransom money the Somalis are compliling. Big spec money is going to love the revenue growth rate and it should be easy to raise a couple of billion bucks to open the fund. By one estimate, Somali pirates have pulled in over $100 million so far in just a few years. Can't you see it? Every ship taken will send the stock up another 15%. We're talking a 20 fold opportunity for profit, both up and back down. You don't want the military mucking about ruining the game until it's about over, n'est pas?
In fact, time is of the essence as the 'pirate treasury' is getting tapped already by the realtors in Nairobi.
Thank Pirates For Kenya's Booming Real Estate Market
Despite the film rights and other ancillary profit potentials, the market can fleece western investors of several billion at least in trading the Pirate fund on world stock exchanges. Eventually, the Somalis will become a liability and that is when the financial 'leaders' will greenlight their destruction. Patience, it won't take more than a few more years.