Why Wall Street Is Piling Into the "Debasement Trade"

Wall Street has been making headlines lately for piling into a strange new money move. What they've dubbed the "Debasement Trade"... And it could affect you and your money in a MAJOR way. Dr. David Eifrig's latest warning deserves your attention.

Greenland in facts and figures

KEN MORITSUGU and SIMINA MISTREANU
March 11, 2025

NUUK, Greenland (AP) -- Greenland is having a moment in the spotlight as U.S. President Donald Trump maneuvers to gain control of the mineral-rich Arctic country. Here are some facts and figures about it:

Population

56,699

Biggest cities

Nuuk -- 19,880

Sisimiut -- 5,412

Ilulissat -- 4,963

Qaqortaq -- 3,047

Aasiaat -- 2,951

Economy

Fishing produces about 90% of Greenland's exports. Hunting is still an important source of food and income. Seals, whales, reindeer and musk ox are all hunted.

Tourism is increasingly important. More than 96,000 international passengers traveled through the country's airports in 2023, up 28% from 2015.

Government jobs account for more than 40% of employment. Fishing, hunting and agriculture employ about 15% of the workforce, followed by wholesalers, 11%; construction, 8%; and transportation, 7%.

Natural Resources

Zinc, lead, iron ore, coal, molybdenum, gold, platinum, uranium, copper, nickel, rare earth minerals, hydropower and possibly oil and gas.

Public finances

Greenland relies heavily on an annual block grant from Denmark. In 2023, the grant was 4.144 billion kroner ($614.4 million), or about half of the Greenland government's revenue and 20% of gross domestic product.

Geography

Greenland is the world's 12th-largest country, covering more than 2.16 million square kilometers (836,330 square miles).

About 80% of that territory is covered by ice.

Government

Head of State: King Frederik X of Denmark

Prime Minister: Múte Bourup Egede heads the government of Greenland, known as the Naalakkersuisut.

Greenland's parliament, the Inatsisartut, has 31 members.

Results of the 2021 parliamentary election

Party Votes (%) Seats

Inuit Ataqatigiit (United Inuit) 9,933 (36.6%) 12

Siumut (Forward) 7,986 (29.5%) 10

Naleraq (Point of Orientation) 3,252 (12%) 4

Demokraatit (Democrats) 2,454 (9.1%) 3

Atassut (Solidarity) 1,878 (6.9%) 2

Sources

Statistics Greenland; European Parliament

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