Saturday, December 13, 2014

Economy

Other countries have private owners protect their shipping like the US should.
"Over in the UK, “The UK’s first private navy in almost 200 years has been set up by a group of pioneering businessmen, former marines and retired captains and soldiers to defend shipping off the coast of east Africa from the threat of pirates.
“The navy will be funded by shipping firms in much the same way as the cargo ships sailing under Russian, Chinese and Indian flags hire private convoys.”
“They are frustrated at the inability of the Royal Navy, NATO, the European Union Naval Task Force and other navies to guarantee security for shipping in an area of ocean the size of North America.”
The Chief Executive says “They can’t do the job because they haven’t got the budget and deploying a billion-pound warship against six guys [pirates] with $500 of kit is not a very good use of the asset.”"
Besides which, it's funded my money stolen from others.
"There are private services that supply armed protection such as Armed Maritime Security. There are said to be 140 companies operating in this space. 80% of container ships have armed guards."
As it should be.

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