Financial news

Trump Wants to Buy Greenland from Denmark

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Via MishTalk

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

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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




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