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About tree fiddy
Check the comps bro, what have other countries sold for recently?
There would have to be a discount factor applied since it’s a territory of Denmark and not the entire country.
Greenland has a population of 50-60K people, so the GDP and existing infrastructure there are not worth a whole lot. The annual GDP is $3B, with 20% of that being a block grant from the Danish government. Unemployment is fairly high, particularly among the indigenous people. The real play is the rare earth metals, uranium, minerals, and offshore oil. The development of most of these things is completely blocked by the incumbent government, led by the separatist socialist Inuit Ataqatigiit party, which doesn't really want to be part of Denmark, but would like even less for America to come in and "Drill, Baby, Drill."
$600M per annum as a Danish subsidy is small potatoes compared to what American corporations could do in economic development. Mining and petroleum companies could quickly extract a lot in natural resources. The US could create programs to encourage settlement of Greenland by zeroing out personal income taxes temporarily for people moving there (quickly get a couple million people out there). With melting arctic ice, there is likely to be a northern shipping passage in the future, which is advantageous for Greenland. America has the ability to develop Greenland in ways that Denmark cannot and will not, and the West would be stronger if Greenland were under US control.
A purchase price of $500B - $1T would be eminently reasonable and accretive to the US and its national interests. The people of Greenland would rapidly become far wealthier than they are today by virtue of economic development, and the Danish people would be able to pay off 100% of their national debt and create a sovereign wealth fund up to 2/3rds the size of the Norwegian sovereign wealth fund, which is the envy of the world. Such an offer articulated in these terms would be more difficult to refuse.
The US needs reliable access to rare earth metals to ensure a proper position in battery technology and electric power, which otherwise would be solely controlled by China. Greenland is an important piece of the puzzle. US overtures for Greenland have been thwarted for over 150 years, but my hope is that despite Trump's bombastic approach, cooler heads can prevail to strike a visionary deal which transforms Greenland, protects the West, and enriches the Danes for centuries to come.
Nice analysis.
Is the local separatist party blocking exploration and development because they don't want the environmental impact or because they're hoping to reap the sole benefits once independent? Thanks for the interesting post. Also, if Greenland was acquired, assume it would beike Puerto Rico? No senators etc?
Would assume it would stay as an overseas territory akin to Puerto Rico/Guam, shocked if otherwise
I suspect a little bit of A, and a little bit of B, if intuition serves. I assume it would be a territory like Guam. Depending on how the electorate was ideologically shaping up, it could become a more full-blown state. I think there's a good chance it would be a lot more conservative than a Puerto Rico and look more like a Texas or Alberta due to the natural resources development culture, so that would likely shape the political parties who would want an entity like this to have more electoral power. Food for thought.
10/10 would buy for $1T. >300x GDP seems like a steal. Think of the ACCRETIVE SYNERGIES.
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Maxime magnam fuga aspernatur inventore voluptatem. Eum excepturi esse sunt omnis quo aperiam.
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