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Countries Are So Broke That They've Turned To Sea Treasure

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You're looking at a viable economic solution to our country's ills, via screenshot
In this dour global economy, a country will take money where it can get it, even if it means scrounging through the couch cushions of the high seas to find it. According to the Times, $18 million worth of silver sits inside the British ship Mantola, which was sunk in 1917 by a German sub and now lies off the coast of Ireland. Odyssey Marine Exploration, a Tampa-based company, plans to retrieve the silver and split the profits 80/20 with the British government. Maybe Ron Paul and those "silver standard" folks are right: at least you can retrieve this money when it gets torpedoed.

Advanced technology allows companies like Odyssey to find and pluck these shipwrecks from a mile below sea level, and governments, which lack the expertise and are unwilling to risk the money, are happy to let them try. Another ship containing $200 million in silver that was sunk in 1941 is also being excavated by Odyssey, which is still smarting for having to return $500 million worth of treasure to Spain after they attempted to invoke "finders keepers" when they removed it from a ship off the coast of Portugal. However the US government has agreed to pay Odyssey $500 million if it deposits every copy of Pirates of the Caribbean IV onto the ocean floor.

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Comments [rss]

  • marco_esquandolas

    There was a Superman annual several years ago where the Man of Steel ran for president.  Needless to say, he won.

    One of the ways he was able to balance the nation's finances was to dive to lost shipwrecks and salvage the gold from their holds.

    It worked in the comics.

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