it would have to be relatively cheap given the amount of debt you'd have to take on as part of the transaction. Really dilutes the value of the equity.
Edit: if anyone can work out a fair market value for, say, the lower 48 states I'd be more than happy to be shown to be wrong, though.
The US sells debt all day long, so what's the problem?
Maybe we could make Denmark a deal for a few large metropolitan areas, like Detroit and San Fran. Let's see how the famed Danish model works on a larger scale!
> Andy Borowitz is a Times best-selling author and a comedian who has written for The New Yorker since 1998. He writes The Borowitz Report, a satirical column on the news
It's kind of outrageous in the sense that the value of the resources that could be pulled out of it is many times higher than anything the US is willing to offer, and Denmark knows that.
That's right, you could have said, "hey greenlanders, if you'll join the US we'll give each of you a million dollars and a passport". But that's not what you did and you're judged for what you actually did, not for what you hypothetically could.
It’s true that’s America bought the Virgin Islands of us, but it was mainly because the offer at the time looked like this:
“You can sell us the Virgin Islands for money, or we can take the Virgins Islands from you for free.”
America has actually offered to buy Greenland of us before, at one point offering us part of Alaska as a trade. The thing is though, Greenland isn’t ours to sell. It’s not Denmark, it’s part of something we call rigsfælleskabet, and in there lies a clause stating that Greenland can become its own nation when it’s ready to do so.
OK, but that was during the First World War, and the US had a legitimate fear that Germany would seize the islands for a submarine base. Also the Danish public approved the sale in a referendum: https://en.wikipedia.org/wiki/1916_Danish_West_Indian_Island...
That was kind of my point though. The guy I was replying to was using this particular sale to justify why selling Greenland in 2019 wouldn’t be ridiculous.
Reading the title combined with the url I knew who the author was without having read it yet, it's gold. I absolutely love his reports. Maybe should have appended (Andy Borowitz) in the title though, would certainly have spared few bad reactions.
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[ 4.8 ms ] story [ 62.2 ms ] threadEdit: if anyone can work out a fair market value for, say, the lower 48 states I'd be more than happy to be shown to be wrong, though.
Maybe we could make Denmark a deal for a few large metropolitan areas, like Detroit and San Fran. Let's see how the famed Danish model works on a larger scale!
I was thinking "this satire is so subtle, some people might actually believe this is real".
We've even bought territory from Denmark for FUCKS sakes.
> Denmark sold the Danish Virgin Islands to the United States for $25 million in gold.
It’s a horribly depressing island with like 50k people, the US could easily hand everyone a million bucks and a passport.
>judged for what you actually did
Which is what exactly? I don't think they actually got around to doing anything before it was leaked that they were discussing the idea.
“You can sell us the Virgin Islands for money, or we can take the Virgins Islands from you for free.”
America has actually offered to buy Greenland of us before, at one point offering us part of Alaska as a trade. The thing is though, Greenland isn’t ours to sell. It’s not Denmark, it’s part of something we call rigsfælleskabet, and in there lies a clause stating that Greenland can become its own nation when it’s ready to do so.
OK, but that was during the First World War, and the US had a legitimate fear that Germany would seize the islands for a submarine base. Also the Danish public approved the sale in a referendum: https://en.wikipedia.org/wiki/1916_Danish_West_Indian_Island...
That was kind of my point though. The guy I was replying to was using this particular sale to justify why selling Greenland in 2019 wouldn’t be ridiculous.