Greenland is no hill to die on

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This about sums it up.

Equally, what’s with the Danes.

Danish officials have decided not to attend the World Economic Forum in Davos this week amid an intensifying dispute over Greenland that’s shaking transatlantic relations.

“Danish government representatives were invited this year, and any decisions on attendance are a matter for the government concerned,” the Forum said in a statement to Bloomberg. “We can confirm that the Danish government will not be represented in Davos this week.”

The spat with Greenland escalated over the weekend after President Donald Trump threatened to levy a tariff on goods from eight NATO allies, prompting the European Union to weigh potentially imposing tariffs on €93 billion ($108 billion) of US goods.

What’s in it for the Danes? Just sell it to Trump for $500bn and create a sovereign wealth fund.

There will never be a better way to monetise Greenland than the idiot knocking on your door right now. Europe has the opportunity to avenge Napoleon’s cheap sale of land in the Louisiana Purchase.

It is equally foolish for Europeans to kill NATO to keep a worthless frozen wasteland.

This is not international relations. It is the usual Trumpian narcicircus, and Europe has caught the crazy.

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Donald Trump has linked his repeated threats to seize control of Greenland to his failure to win the Nobel peace prize, as transatlantic tensions over the Arctic island escalated further and threatened to rekindle a trade war with the EU.

In an extraordinary text message sent on Sunday to the Norwegian prime minister, Jonas Gahr Støre, the US president wrote that after being snubbed for the prize, he no longer felt the need to think “purely of peace”.

“Considering your Country decided not to give me the Nobel Peace Prize for having stopped 8 Wars PLUS, I no longer feel an obligation to think purely of Peace,” he wrote, adding that the US needed “complete and total control” of Greenland.

If Trump pushes this too far, markets will bring him into line and the TACO will return.

We should placate the American madman until he vanishes in the coming years.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.