5:54 pm
October 29, 2017
https://www.ctvnews.ca/canada/petition-calls-for-u-s-to-sell-montana-to-canada-1.4306271
Lol, Montana isn’t worth $1 trillion.
6:00 pm
October 29, 2017
6:20 pm
October 29, 2017
7:20 pm
October 21, 2013
Not sure about Montana, but I wouldn't be surprised if WA and MN voters would support it. I know some people in both states who would, for sure!
The Americans bought Alaska from the Russians in 1867. That's a deal we should have gotten for sure instead of the US, but I guess we were too young to be able to do it.
Buying up other people's territories has been a good deal for the US. Consider the Louisiana Purchase, which they turned into 13 states after extracting a bargain from cash-strapped Napoleon in 1803.
But perhaps we should consider what we owe our indigenous peoples first...
12:29 am
February 17, 2013
1:15 am
October 21, 2013
3:19 am
February 27, 2018
Due to global warming, it was suggested a few weeks ago that the Americans TAKE Manitoba and Saskatchewan from canada. Growing seasons and fertile locations are going to be changing due to environmental conditions and this will cause food shortages throughout the United States. Canada is "suppose" to prosper from these new weather conditions. https://nationalpost.com/news/canada/did-bill-nye-just-suggest-the-u-s-will-have-to-annex-canada-to-grow-crops
As for Montana... Montana has one of the few super volcanos (it's an inverted volcano). Most volcanos build upwards due to the ash and lava being spewed out. A super volcano explodes with such force, it creates a crater. Yellowstone park, old faithful is the site of the super volcano. Depending upon wind direction, half of North America could be lost when it erupts. So the Americans can keep Montana.
Yogi Bear is still trying to save himself.
10:00 am
February 17, 2013
4:04 pm
December 12, 2009
I'll always down for a little time wasting, so I'll "bite," and reply to this thread.
I think using a province or state's GDP is grossly undershooting its value. GDP is just that: the total economic output of a given sub-national jurisdiction. Land has permanence and CIBC real estate analyst Alex Avery has said, in his book The wealthy renter and on BNN Bloomberg, land is where the actual growth in real estate values is. Buildings depreciate and require maintenance. There's some value in the buildings, but is generally short-term.
Consider this example: B.C.'s GDP is like $216.76 billion Canadian dollars, or roughly $166 billion U.S. dollars. B.C.'s property assessment roll, of all assessed properties, which includes residential, agricultural, and commercial properties as well as those of various First Nations who have their properties assessed by B.C. Assessment Authority, was a staggering $1.99 trillion CAD (presumably, rounded to the nearest billion or so). (See: https://info.bcassessment.ca/property-information-trends/property-assessment-of-bc/province-wide)
This doesn't include Crown lands and government and institutional properties, which B.C. Assessment may or may not assess but doesn't publicly disclose.
If anything, I'd argue the GDP value is more likely a "premium" that could be commanded to make the purchase whereas the assessed land value is the "starting bid".
Cheers,
Doug
1:00 pm
August 9, 2014
In another word, GDP is like a profit of a company as these two things are both the "flow" measurement and not a "stock" measurement, like the total value of property.
So we will have to pay something like 15 to 20 times the GDP to actually buy a place down with reasonable price. Assuming buying a territory is like buying a company, where 15 to 20 times PE ratio is use.
2:05 pm
December 12, 2009
Jon said
In another word, GDP is like a profit of a company as these two things are both the "flow" measurement and not a "stock" measurement, like the total value of property.So we will have to pay something like 15 to 20 times the GDP to actually buy a place down with reasonable price. Assuming buying a territory is like buying a company, where 15 to 20 times PE ratio is use.
More or less, exactly, Jon!
GDP is not exactly like "profit," it's probably a bit more like revenue or, perhaps the best comparison might be the "total transaction volume (in dollars)" of a credit card network like Visa or MasterCard. Visa and MasterCard don't trade at 15-20 times their credit card transaction volume, which is why I think that's a better comparison.
Give or take $10-15 billion, I would think Canada, excluding Crown and other government lands, could probably be sold for ~$100 trillion. It's hard to say what it would cost to "buy Earth," but it's likely in the quadrillions, I suspect. It would take the world's billionaires to collectively pool their money and buy the world.
But to what end!? They already essentially control the world, even if they don't own the entire surface area of the Earth.
Cheers,
Doug
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