Saturday , October 19 2019
Home / Mish's Global Economic / Trump Wants to Buy Greenland from Denmark

Trump Wants to Buy Greenland from Denmark

Summary:
President Trump wants to buy Greenland. His interest is because of its natural resources like coal and uranium. The headline sounds like it's from "The Onion" but Trump seems serious. ​ The Walls Street Journal reports President Trump Eyes a New Real-Estate Purchase: Greenland. In meetings, at dinners and in passing conversations, Mr. Trump has asked advisers whether the U.S. can acquire Greenland, listened with interest when they discuss its abundant resources and geopolitical importance and, according to two of the people, has asked his White House counsel to look into the idea. Some of his advisers have supported the concept, saying it was a good economic play, two of the people said, while others dismissed it as a fleeting fascination that will never come to fruition. It is also

Topics:
Mike Shedlock considers the following as important:

This could be interesting, too:

Mike Shedlock writes Johnson Has the Votes, Will Deliver Brexit Saturday

Mike Shedlock writes How Badly Overstated is Chinese and US GDP?

Mike Shedlock writes Turkey Agrees to Pause Military Operations in Syria

Mike Shedlock writes Brexit Deal at Last! Let’s Crunch the Numbers

President Trump wants to buy Greenland. His interest is because of its natural resources like coal and uranium.

The headline sounds like it's from "The Onion" but Trump seems serious.

The Walls Street Journal reports President Trump Eyes a New Real-Estate Purchase: Greenland.

In meetings, at dinners and in passing conversations, Mr. Trump has asked advisers whether the U.S. can acquire Greenland, listened with interest when they discuss its abundant resources and geopolitical importance and, according to two of the people, has asked his White House counsel to look into the idea.

Some of his advisers have supported the concept, saying it was a good economic play, two of the people said, while others dismissed it as a fleeting fascination that will never come to fruition. It is also unclear how the U.S. would go about acquiring Greenland even if the effort were serious.

With a population of about 56,000, Greenland is a self-ruling part of the Kingdom of Denmark, and while its government decides on most domestic matters, foreign and security policy is handled by Copenhagen. Mr. Trump is scheduled to make his first visit to Denmark early next month, although the visit is unrelated, these people said.

The White House and State Department didn’t respond to a request for comment. Officials with Denmark’s Royal House and the Danish embassy in Washington didn’t immediately respond to requests for comment, nor did officials with Greenland’s representative office in Washington and Greenland’s prime minister’s office.

Though it has vast natural resources across its 811,000 square miles, Greenland relies on $591 million of subsidies from Denmark annually, which make up about 60% of its annual budget, according to U.S. and Danish government statistics.

Greenland the 51st State

Hell, why buy it? Just invade the country. There will be no resistance.

Then declare it the 51st state.

And if anyone objects, offer Chicago as payment. If that's not enough, give Denmark all of Illinois.

Voilla, back to 50 states.

Mike "Mish" Shedlock

Mike Shedlock
Mike Shedlock (Mish) is a registered investment advisor representative for SitkaPacific Capital Management (http://www.sitkapacific.com/). Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

Leave a Reply

Your email address will not be published. Required fields are marked *