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The Price of Ice How Much Would Greenland Really Cost the US Episode

The Price of Ice How Much Would Greenland Really Cost the US

· 02:00

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The New York Times article discusses the intriguing and largely hypothetical question of what Greenland might cost if the U.S. were to negotiate its purchase, an idea notably floated by Donald Trump. Real estate developer David Barker provided a valuation range of $12.5 billion to $77 billion, taking into account historical context, national defense interests, and Greenland's resource potential. While comparisons were made to past U.S. purchases, like Alaska and the Virgin Islands, there are significant differences in objectives and valuations influenced by economic growth and strategic importance. The article emphasizes the complexities of such a deal, particularly regarding the value associated with Greenland's mineral resources and the strategic military implications of acquiring the territory.

Key Points:

  • Donald Trump has expressed interest in acquiring Greenland, despite Denmark's refusal to sell.
  • David Barker estimates Greenland's value between $12.5 billion and $77 billion based on various historical precedents.
  • The Alaska Purchase is compared to Greenland, but its motivations differ as Trump's interest is primarily national defense.
  • Greenland's valuation might also depend on the strategic importance of its mineral resources, complicating financial assessments.
  • The economic context of potential negotiations includes significant growth since past territorial purchases.
  • Both military and resource-related valuations are central to discussions about Greenland's worth.
  • Overall, the concept of purchasing Greenland is seen as a complex and speculative scenario.
    Link to Article

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