James Altucher
8 min readSep 19, 2019


(the most northern country on the planet could be the most important for our survival)

I’m disappointed.

I wrote this up as a crowdfunding project for Kickstarter. They rejected me (within seconds). Then I put it up on GoFundMe. I actually started raising money. But then they rejected me (within days). I guess they didn’t think I was serious.

But I am. I’m very serious.

— -


The current tariff, financial, political wars between the US and China could destroy the planet.

And the focal point of this global war is the most northern country in the world: Greenland. Rare earths, uranium, environmental, and other reasons explained below.

Let’s get Greenland into neutral hands to save the world’s most precious resources, to save the environment, to create an area of true wealth and beauty and innovation.

Plus, let’s have some fun.

WHY $100,000,000:

Denmark pays $700,000,000 a year to subsidize Greenland. Denmark’s national debt is $120,000,000,000.

If we pay Denmark $21,000,000,000 it’s 30x what they use to subsidize Greenland. Plus it’s about 1/6 of their national debt.

$100,000,000 is a fraction of what we need but enough to engage other banks and funds to raise the money sufficient to buy the country at a price Denmark will not be able to refuse.

Here’s why we should buy Greenland:


Rare earth minerals are used for almost every technology on the planet. From powering the electric grid, to the semiconductors in your phones, cars, every computer, etc. See chart below to see how often every day you use rare earth minerals.

They are called “rare earth” because there are basically only TWO places on the planet you can find them.

China…and Greenland.

Trump and China are basically at war. A tariff war, an intellectual property war, a cybersecurity war, a financial land grab, etc.

At any point, Trump could push China too far. China could say, “no”, the next time we make an enormous order of rare earth minerals from China (which has about 70% of the world’s production).

Greenland has already said (despite EU pleas) that it will not restrict Chinese mining of rare earth minerals. Right now the main export of Greenland is fish. With the Chinese more active in mining recently, this could quickly change to Rare Earths and other elements (see below).

This is the reason why Trump wants Greenland. Why the same day he told companies in the US to “stop doing business with China” is the day he made his announcement that he would like to buy Greenland. No mystery here. He wants the rare earths.

Greenland Minerals is a natural resource company focused on mining rare earths in (of course) Greenland. Guess who their largest shareholder is? Shenghe Resources from China.

Quietly, China has been buying up all the rare earth resources and companies involved in mining Greenland.


Greenland has ONE THIRD OF THE RARE EARTHS IN THE WORLD, but right now, due to lack of technology and expertise, is producing only around 5% of the rare earths. Strategically, this makes Greenland the most important country on the planet.

Denmark lacks the technology to mine for these resources and they are eager to lean on other countries (China, US) to pay down their debt by selling off mining rights to the most important elements on the planet.

Meanwhile, one country shouldn’t control access to all of this important resource for the world.

If I owned Greenland (with all the voters from the contributors), it will become a much more neutral dispensary of these very important natural resources. And every Greenland citizen will benefit.

What are Rare Earths used for?


Kvanefjeld, located in southern Greenland, is the second largest deposit for rare earth minerals (China is first). But it is also the sixth largest producer of uranium.

Guess who wants uranium. EVERYBODY. Anyone who wants to make a nuclear weapon.

Guess who has the rights to mine Kvanefjeld: Greenland Minerals, the above-mentioned company with Shenghe Resources as the largest shareholder.

Again, this is not about getting from China so the US can have control. This is about making sure no one country controls all the rare earth minerals and all of the uranium. The two most valuable resources on the planet.


Greenland is the first frontier in the battle against climate change. How do we know this?

The most northern land territory on the planet is an island right off the coast of Greenland and under the dominion of Greenland: “Uunartoq Qeqertaq”

When it was discovered in 2002 it was completely covered by a glacier. By 2007, the glacier had melted, allowing the world to see land on the island for the first time.

(pre-glacier melting)

(post-glacier melting)

Melting glaciers in and around Greenland has contributed to rising sea levels.

Studying the glaciers and climate around Greenland could be perhaps the biggest contribution to solving the issues of climate change before it is too late. Regardless of causes, concerns, nobody is taking
Greenland seriously as an outpost for research into the environment.


For 80 years we’ve been dependent on the corruption of Saudi Arabia and OPEC for our oil and gas needs.

Climate change is allowing (unfortunately), for the first time ever, the availability of drilling in Greenland.

It’s estimated that 13% of the world’s oil could be in Greenland territory and 30% of the world’s natural gas.

Countries like China, Russia, the US, will be competing for this territory. Our goal will be to make sure this area is protected, used appropriately and without damaging the environment. And to restore balance in the world power distorted by the overabundance of oil in the Middle East region and other corrupt countries such as Venezuela.


Greenland has the highest suicide rate of any country in the world.

Declining population, cold weather, lack of resources, the most northern country in the world (leading to abnormal periods of darkness and light during the days).

(suicide rate: Greenland vs US)

The Danes, because they lose so much money on Greenland and do not have the technology to take advantage of its natural resources, are forcing people to move from smaller regions to bigger towns, leading to greater depression. The Inuit are sick of being controlled by Denmark.

The country is largely subsidized by Denmark ($700,000,000 a year) and is not taking advantage of its natural resources.

And yet, despite the fact that Denmark is technically the “owner” of Greenland, almost the entire population of Greenland are indigenous Inuit.

Let’s mine (in environmentally correct ways) natural resources and let the Inuit receive financial benefits. Let’s use the latent financial resources to make Greenland a prospect for tourism, innovation, economic and technology development.


Greenland is beautiful. And yet plagued by high suicide rates, poverty, confusing governance, etc.

Let’s enjoy it.

If we buy Greenland, take your acreage, build on it, become a Duke or an Earl (or the “Duke of Earl”) and build posterity for your family for generations to come.

Let’s also empower the Inuit to take charge of tourism, build upon the natural beauty of this country, and allow them to flourish rather than languish in high unemployment and depression.

Greenland and Inuit should take their rightful place as the happiest and among the most beautiful and visited countries. This will create wealth and prosperity for the Inuit and for all who visit, move, and invest in Greenland.

(and it’s cheap: a 3BR house in the capital can be rented for $1000 a month.


- All pledges over $1: CITIZENSHIP

- All pledges over $100: You receive 1 acre of land

- All pledges over $10000: You receive a royal title. Like “Duke” or “Earl”.

- All pledges over $100,000: You receive a national holiday.



1) WHY $100,000,000:

Denmark pays $700,000,000 a year to subsidize Greenland. Denmark’s national debt is $120,000,000,000.

If we pay Denmark $21,000,000,000 it’s 30x what they use to subsidize Greenland. Plus it’s about 1/6 of their national debt. Between the savings on Denmark and assuming their interest payments are about 5%, this will be 12 years of no debt payments and no subsidy payments.

$100,000,000 is a fraction of what we need but enough to engage other banks and funds to raise the money sufficient to buy the country at a price Denmark will not be able to refuse.


I will return all of the money OR donate all of the money to environmental research and the beautification of Greenland. Also can use the money for competitive bidding to make sure Greenland’s most useful mines are not controlled by any one country.


Yes, every citizen (pledge over $1) will have a vote. But I will also give the Inuit 5 votes each. There are 57,000 Inuit on Greenland.



Greenland is the most un-watched and yet perhaps most important country on the planet right now.

Between the Rare Earth minerals, the Uranium, oil, the battle between Trump and China, oil, and the environmental concerns. Greenland is the final frontier in our battle to keep pushing humanity forward.
Risks and challenges


Once the $100,000,000 is raised, it will be a first step towards raising further money. I will not benefit AT ALL from raising this money but will use it as a foothold to get other funds raised to complete the job. If I still can’t succeed in buying Greenland money will all be returned.

— — -


Yes, for three reasons:

A) Don’t say something, DO something.

I could sit here forever writing LinkedIn articles about what I believe. But it’s good to also find interesting ways to express your opinions.

A billion people a day post articles. Only a few are noticed. This is an important issue. Is it impossible for a group to raise money to buy Greenland?

I don’t know. I asked several hedge fund managers who manage over $50,000,000,000 and they all thought it was interesting. So I figured an amount like $100,000,000 would get me a seat at the table.

B) Educate.

I believe this is more important than people realize. So rather than stand on a pedestal and lecture (via an article) I figured a crowdfunding campaign would be an interesting way to educate people.

C) And yes, it’s funny. A crowdfunding campaign to buy Greenland?? It’s so stupid it’s funny.



James Altucher

For some reason, I’ve turned myself inside out and all my guts have spilled onto my blog. One day I’ll run out of stuff but not yet.