Monday, September 19, 2011

Carnival of Personal Finance #327 - The Pirate Edition!

Ahoy, landlovers! Today ye might hearrr pirrrate rattlin' on all arrroun' ye and wonderrr what in th' name o' Davy Jones be chartin' a course. Did ye be knowin' it be International Talk Like a Pirate Day?! I can't keep that up. It's exhausting and it would be impossible to read. But have some fun with it today in your regular life.

Welcome to the Carnival of Personal Finance #327 - The Pirate Edition!

There were SO MANY entries in this carnival it was almost overwhelming! I couldn't possibly include every last one of them, but that should show you the scope of this week's editing task by the number that DID make it in! Please don't let the number of posts scare you, as there are a LOT of great articles included.

And to add to the theme of the day, I've included a bit of pirate trivia as well.

So without further ado....

Editor's Picks
I could load you down with all of the posts that I could have labeled as "great!" this week, but instead my Editor's Picks are those that introduced me to a new perspective. Honestly, I don't agree with them all, but I love posts that make me think and these did.
Edward Teach, more commonly known as Blackbeard, was an English pirate in the Caribbean Sea and western Atlantic during the early 18th century, a period referred to as "The Golden Age of Piracy." Blackbeard often fought wearing a large feathered tricorn hat and sporting multiple swords, knives, and pistols. He had hemp and lighted matches woven into his enormous black beard during battle. Accounts of people who saw him fighting reported that he looked like the devil.
  • Bret from Hope to Prosper presents Money Fail: Broke on Thursday. This is the beginning of a new series and a great perspective to effect a change of how you handle your financial life.
Born in County Cork, Ireland, Anne Bonney disguised herself as a man in order to join John Rackham's (aka - Calico Jack) crew aboard the "Revenge." The couple stole the sloop at anchor in the harbor and set off to sea, put together a crew and took several prizes. Anne took part in combat alongside the male pirates and accounts describe her as competent, effective in combat and someone who gained the respect of her fellow pirates. According to legend, she once stabbed a fellow pirate through the heart when he discovered her gender.
Red Legs Greaves' was known for merely stealing loot and leaving. His greatest success was his capture of the Island of Margarita. After capturing the Spanish Fleet, he turned the guns of their warships against the forts which he then stormed and was rewarded with a huge booty of pearls and gold. He didn't sack the town or rape and torture the Spaniards. Greaves then retired to the life of a planter in the island of Nevis. One of his former victims turned him in for the bounty on his head. He was quickly tried and sentenced to be hanged. When the great earthquake came that destroyed the town in 1680 he was one of the few survivors. Greaves then turned pirate hunter, retired to a plantation and died of old age. He got the nickname "Red Legs" because his legs continually burned from the tropic sun.
Port Royal is situated in Jamaica opposite Kingston in the same harbor. Gallows Point, where a number of pirates were hanged was one of the first points of land visible when entering the port. The gallows were placed there conspicuously to discourage piracy. The bodies were left there after they were hanged. Calico Jack and Captain Charles Vane were among the many pirates hanged there during a 100-year span.
Piracy was quite a problem in ancient Rome. At their height, pirates had about 1,000 ships and raided over 400 cities, including Ostia, the port of Rome. Julius Caesar was captured while on a sea voyage and held for ransom until his wealthy family paid up. This was a fairly widespread practice. In the end the effects on Mediterranean trade became so serious that Pompey got the commission to get rid of the pirates, which he did in about three months in 67 BCE.
  • FIRE Finance educates us in What is the Current Unemployment Rate? by taking a hard look at how unemployment is measured and what it means for our economy.
  • Khaleef Crumbley from Faithful with a Few presents No More Checks for Social Security Benefits (and he’s talking about paper checks). There is more to this post than just a fact-of-the-matter point stated in the title. Go read and weigh your options.


The cutlass, the most well-known of pirate weapons, was a slightly shorter, curved, single edged sword. Its size and shape made it a better weapon for fighting in the limited spaces aboard ship. The sharp outer edge made it ideal for hacking and slashing at an opponent rather than stabbing. It could also double as a tool for cutting through rope and so on. Other pirate weapons were also useful as tools, like the marlinspike and the gully.
Klaus Stoertebeker was a famous German freebooter of the 14th century who plundered Danish merchant ships during war time and brought the goods to besieged cities along the Baltic and North seas. But soon he and his men were plundering ships of other nations and the German Hanse itself. Do you know what his name refers to? "Stoertebeker" means roughly translated "bottoms up". He and his men were finally captured and faced execution. Legend has it that Klaus Stoertebeker made a deal that all his companions should be lined up. After he was beheaded he would try to walk by as many of them as he could, and they would be spared. He managed to walk past eleven of them and could have gone farther if the executioner had not tripped him.
So this is a bit of a departure from the rest of the post, but did you know that pirates have their own stock market? I mean, an actual stock market for today’s pirate funding. Please check out the advice below instead of investing in those funds:
Money Management:
Bartholemew Roberts was captured by pirates in 1719 and ended up joining them. He became known as one of the most successful pirates in history for having taken 400 ships in the space of only three years. Due to his competency he was elected captain upon the death of the previous captain, Howell Davis. Roberts was killed in 1722, in battle. His crew threw his body overboard rather than let it be taken by the British Navy.
Real Estate:
Captain Woodes Rogers was a former privateer became governor of The Bahamas and is credited with driving the pirates from the islands. Rogers was appointed Governor-in-Chief over the Bahama Islands by King George I on February 6, 1718. After he became governor he offered the "King's Pardon", which gave amnesty to most of the pirates in the isles. The most notorious and powerful pirates were not granted the amnesty and were hunted down and killed. It was Woodes Rogers who found Alexander Selkirk, inspiration for the novel "Robinson Crusoe."
  • Miss T. from Prairie Eco Thrifter presents No Cost Refinancing--Pros and Cons. She explains that a no cost refinancing loan can be a great idea, but only if the circumstances are right.
  • Melissa from Everything Finance Blog tells us to Pay Biweekly to Shave Years off Your Mortgage and save some money in interest!
  • Ben from Money Smart Life instructs us in FHA Loans 101. You’ll learn about about benefits and drawbacks of an FHA loan and how it can help if you don't have much money to put down.
  • Crystal from Stupid Cents presents Why You Need House Insurance and stresses why it is so important regardless of the cost.
Captain William Kidd was commissioned as a pirate hunter in 1696, before turning pirate in the Indian Ocean. Kidd was neither particularly successful nor ruthless. While hunting pirates and not being able to find any he decided to turn pirate, he took prize of an English ship which had been flying a French flag as a lure to pirates - Kidd wanted to return the ship to its owners but the rest of the crew wouldn't allow this. Upon his return to New York he was arrested and sent to trial in England, found guilty and hanged.
  • Tim from Canadian Dream: Free at 45 insists that people should Stop Bitching & Save Already, a rant about people who won't save and ways they can actually do something about it. To #3, I want to yell out a hardy “Amen!”
Piracy continues today. An average of 500 deaths occur every year due to contemporary pirates. Pirates of today usually board large luxury motoryachts with a swift and quiet dinghy and try to steal things, kill, or do both and take over the yacht all together. For instance, the Seabourn Spirit was attacked by pirates on November 5th, 2005 about 70 miles off the coast of Somalia. Pirates boarded the ship from two small boats. The pirates used machine-guns and rocket-propelled grenades when attacking. Luckily only one person, a crew member, was slightly injured - due to shrapnel.

Join the Carnival again next week when it will be hosted by Wealth Informatics. Make sure to get your submissions in!

Info source:


  1. Thank you for including our post at Everything Finance.
    Hope your readers enjoy it.

  2. Thanks for including my post

  3. Thanks a ton for the inclusion and for hosting. Cool theme too.

  4. Thanks a million Kaye for hosting the carnival this week.


  5. Thanks for including my article. Innovative carnival idea matey.

  6. Thanks for hosting the carnival and including our post. Best wishes ahead :).

    FIRE Finance

  7. Looks like being pirate is a nice career option, thanks for not excluding my post from the list :)

  8. Thanks so much for hosting and including my post! (Aaaarrrrgh)

  9. Thank you for the inclusion. In the editor's pick's no less!

    A real honor.

  10. Thanks for the nod, and the editor's pick! I'd love to get your feedback on the points you'd like me to hit; I'm thinking I'll have to follow this article up again if the NCAA conferences reshift or the NBA raises their draft age, and maybe I can lure a few more people over to the dark side of my way of thinking, haha.

  11. Thanks for including my article!