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Another_Voice 10/16/22 6:45:10 PM #1: |
I just bought 300k worth of Somali war bonds denominated in Pound Sterling, which have a 1900% bond yield in the first year. You should probably be doing this too if you want to make any real money. Al-Shabab is near the capital and constantly bombing the place. You really think America is just gonna let fucking Al Qaeda take over a country and not even drone strike them? And they help the pirates, they're an Islamic terrorist organization that the Somali government is kicking the crap out of right now. The government will still exist in 10 years, I can pretty much guarantee it, so investing in a 1 or 2 year bond is just a huge safe investment with massive returns. By the way, I found out about this by watching Ukrainian war bonds at the start of the Russian invasion, and they had great money coming back, so I shopped around for the highest possible bond yields and ended up at Somalia with 1900%. ... Copied to Clipboard!
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coolguyjimmy 10/16/22 7:09:36 PM #2: |
"Somalia has no structured financial system and does not have portfolio investment financial products in the market. Somalia does not issue government bonds or corporate bonds. There is one private stock exchange operating in Somalia, but the government has no authority to regulate trade in stocks and securities. Somalias banking system has yet to recover from years of conflict. Moving money into and around the country through traditional banking mechanisms is difficult. The Somali shilling lacks legitimacy, as it has not been printed since 1991 and more than 98 percent of the bills in circulation are counterfeit, printed by warlords and rogue businessmen. " -- https://www.state.gov/reports/2021-investment-climate-statements/somalia/ ... Copied to Clipboard!
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Stallion_Prime 10/16/22 7:10:45 PM #3: |
Who fucking asked? --- -Hunter1534 http://abload.de/img/powercdkcb.gif ... Copied to Clipboard!
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Another_Voice 10/16/22 8:07:59 PM #4: |
coolguyjimmy posted... "Somalia has no structured financial system and does not have portfolio investment financial products in the market. Somalia does not issue government bonds or corporate bonds. There is one private stock exchange operating in Somalia, but the government has no authority to regulate trade in stocks and securities. What's your point? These clowns are backed by the African Union, the UN, the US and NATO. The idea that the world won't spend 20 or 30 million to keep the Somali government propped up enough to stop ISIS 2.0 taking over a chunk of Africa and inspiring attacks across the west is just foolish and short sighted. Don't pay attention to anything you hear about the banking system. The big ratings agencies don't know shit and are just overly cautious of Somalian financial instruments due to fears based in the past. ... Copied to Clipboard!
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VampireCoyote 10/16/22 8:09:07 PM #5: |
I bet youre not even rich enough to get me an Xbox series X --- She/her ... Copied to Clipboard!
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CRON 10/16/22 8:09:34 PM #6: |
The broke side of me is curious how much money this can yield, but my conscience knows it's fucked up to profit off war and suffering. ... Copied to Clipboard!
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Another_Voice 10/16/22 8:16:19 PM #7: |
CRON posted... The broke side of me is curious how much money this can yield, but my conscience knows it's fucked up to profit off war and suffering. If it makes you feel any better, this is always going to exist. Their debts are always going to be there, and they absolutely have to pay them off. If not, they'll be expelled from the international community again (which has happened before and it remained that way for 30 years). Besides, that's unlikely since they've gotten international debt relief once and they'll get it again. Plus the fact that they have natural resources they can sell off to pay their debts, raise taxes and so on, means that they're very unlikely to have a complete default anytime soon or potentially even at all. Also, in the event that I get scammed, I can just get a default judgement. They won't be able to fight a case in a Western court if they're already having trouble paying their own bond holders. Their assets held outside Somalia would probably be seized until people like me recoup our losses. And, of course, the world bank and UN won't let them just 100% default lmao ... Copied to Clipboard!
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Dan_Haren- 10/16/22 8:16:36 PM #8: |
They can simply print money to pay interest or simply not pay and it won't be enforced. ... Copied to Clipboard!
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coolguyjimmy 10/16/22 9:04:10 PM #9: |
Another_Voice posted... What's your point? These clowns are backed by the African Union, the UN, the US and NATO. The idea that the world won't spend 20 or 30 million to keep the Somali government propped up enough to stop ISIS 2.0 taking over a chunk of Africa and inspiring attacks across the west is just foolish and short sighted. "A war bond is a debt instrument issued by a government as a means of borrowing money to finance its defense initiatives and military efforts during times of war. A war bond is essentially a loan to a government." "Somalia does not issue government bonds" ... Copied to Clipboard!
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Kakapo 10/16/22 9:14:52 PM #10: |
Looks like TC is having a time out --- I was born under clouds but when the pressure gets too much for me I bite 24 hour party parrot ... Copied to Clipboard!
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