“It is unbelievably laden with significant mineral value, and it is part of our northern flank,” Prince said about Greenland. “As the Arctic Sea becomes more navigable, and there are more transits, it becomes super relevant for global shipping.”
“Right now, it is effectively a protectorate of Denmark. The Danes pay the bill for its defense, even though we effectively pay the bill for Denmark’s defense, and all of Europe.”
“There are less than 50,000 people total that live in Greenland. I think if you open it up to a vote for them, they would vote to become American citizens, and to open it and make it a protectorate like Puerto Rico,” he said. “If we did that, Greenland would still get a 50% carry on any mineral value extracted, so they get none of the costs they have to bear and 50% of the upside — with American naval protection and all the American capital markets plowing capital in, to develop the various completely uninhabited parts of Greenland for the betterment of Greenland citizens.”
“There will be some Danish nationalists or some Danish socialists who will not like that idea. But those are to be negotiated,” Prince said.
“Remember, America grew mostly by acquisition, by paying money for land. Whether it’s Alaska, which they call Seward’s Folly. I think we ended up paying 2 or 3 cents per acre for all of Alaska.”
“The Louisiana Purchase was purchased from Napoleon, who was weakened at the end of the French Revolution,” he added. “We bought land, and this is another opportunity to do something similar.”
