Thursday, September 19, 2019

Greenland: Let’s Buy It and Save the World

Let’s buy Greenland before any other country does.

Rare earths, uranium, oil, the environment, natural beauty.

Don’t let any one country get the most valuable piece of land in the world. Let’s buy it for ourselves.

The full list of reasons for why and how to buy Greenland are listed in the GoFundMe link. (Make sure to click “Read more.”)

But here’s a brief FAQ on the fundraiser itself:

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FAQ:

1) WHY $100 MILLION?

Denmark pays $700 million a year to subsidize Greenland. Denmark’s national debt is $120 billion.

If we pay Denmark $21 billion, that’s 30x what they use to subsidize Greenland. Plus it’s about 1/6 of their national debt. Between the savings and assuming Denmark’s interest payments are about 5%, this will be 12 years of no debt payments and no subsidy payments.

$100 million is a fraction of what we need but enough to engage other banks and funds to raise the money sufficient to buy the country at a price Denmark will not be able to refuse.

2) WHAT IF WE RAISE THE MONEY BUT ARE STILL NOT ABLE TO BUY GREENLAND?

I will return all of the money OR donate all of the money to environmental research and the beautification of Greenland. I also could use the money for competitive bidding to make sure Greenland’s most useful mines are not controlled by any one country.

3) WILL I HAVE A SAY IN HOW GREENLAND IS RUN? 

Yes, every citizen (pledge over $1) will have a vote. But I will also give the Inuit five votes each. There are 57,000 Inuit on Greenland.

4) IS THIS JUST A JOKE? 

No!

Greenland is the most un-watched and yet perhaps most important country on the planet right now.

Between the rare earth minerals, the uranium, oil, the battle between Trump and China, and the environmental concerns, Greenland is the final frontier in our battle to keep pushing humanity forward.

RISKS: 

Once the $100 million is raised, it will be a first step towards raising further money. I will not benefit AT ALL from raising this money, but will use it as a foothold to get other funds raised to complete the job. If I still can’t succeed in buying Greenland, money will all be returned.

All money will be refunded if $100 million is not reached.

The post Greenland: Let’s Buy It and Save the World appeared first on James Altucher.



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