Since President-elect Donald Trump introduced his intent to obtain Greenland from Denmark, the Danish foreign money, the krone, has been devaluing towards the U.S. buck. In step with information from OANDA, the cost of one US buck (USD) was once 7.22722 krone (DKK) on 9 January. The foreign money persisted to fall towards america buck to a cost of DKK7.23974 for one USD on 10 January. As of late, USD is priced at DKK7.26005.
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Mr. Trump needs to enlarge the affect and safety of the American State by way of expanding the extent of career in Greenland. American citizens must be reminded that the US has maintained an army presence in Greenland since 1941.
From a statist and protectionist point of view, growth is the objective of a countryside, a part of what I name the Drew Triple-E Maxim: To extract. To burn up. To enlarge.
Mr. Trump, in his personal boorish manner, understands this. He’s doing not anything that different leaders of realms ahead of him have now not tried to do. Query is, can he do it?
Politically, he has to make the promote to the American other people. International coverage is one thing other people really feel indifferent from. If movements in another country don’t have anything to do with feeding my circle of relatives, then why must I care? The Trump card? (I do know. Tacky.) He can tie the general public to the problem by way of arguing nationwide safety and herbal assets.
At the nationwide safety entrance, Greenland is situated between the U.S., Europe, and Russia. Its increasing Northern Sea path, increasing as a result of along side melting ice comes a gap of sea lanes, can accommodate the motion of extra items from East Asia to Western Europe and Western Asia at fairly shorter distances. For instance, this path is shorter than the path throughout the Suez Canal.
Unchallenged get admission to by way of China and Russia to those routes pose a aggressive risk to The united states’s financial safety. The query Mr. Trump is calling is whether or not China or Russia must be allowed to make a buck whilst using thru my yard?
The nationwide safety problem is compounded by way of the present loss of get admission to by way of the US to Greenland’s untapped herbal assets. Greenland has oil, herbal fuel, lithium, graphite, and neodymium; all of the diet a rising financial system must get larger and more potent.
I’d be expecting Mr. Trump to argue that gaining access to and keep an eye on of the Northern Sea path method the US can exploit that shorter path when shifting American merchandise to Europe and Asia. When you flip the Northern Sea path into the American Northern Sea path (Thoughts you. He needs to rename the Gulf of Mexico the Gulf of The united states), america creates territorial waters access to which it could keep watch over. Figuring out the sort and quantity of site visitors coming into that sea lane most effective provides to The united states’s safety, Mr. Trump might argue.
I be expecting Mr Trump to additionally argue that controlling get admission to to the minerals I discussed above will also be translated into jobs. Extra inputs to be had for extraction might result in extra manufacturing and distribution of products. Amenities should be built to provide and distribute product and that implies extra exertions being put to paintings.
The foreign money drawback that Mr. Trump can have to handle within the longer run is the have an effect on at the USD. He’s a proponent of a weaker buck, however including to The united states’s productiveness can have the other impact of using up call for for the buck.
Something at a time, I guess.
Alton Drew
11 January 2025
Display notes
https://news.yahoo.com/news/historic-importance-greenland-us-national-150217989.html?form=MG0AV3
https://news.yahoo.com/news/us-says-no-plans-increase-093644777.html?form=MG0AV3
https://www.britannica.com/topic/executive-agreement
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