Greenland Delusions: Rare Earths, Boogeymen, and Economic Fantasy

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The Greenland hype has officially jumped the shark. From “we need it to stop a caliphate marching through Europe” to breathless claims about vast rare earth riches, the commentary has devolved into pure nonsense. No facts, no experts—just boogeymen and buzzwords.
Here’s the reality no one in the media seems willing to explain: Greenland’s mineral deposits are largely low grade, and mining there is an economic nightmare. Permafrost, brutal cold, months of darkness, brittle metals, custom equipment, nonexistent infrastructure, tiny shipping windows, and astronomical logistics costs make Arctic mining a capital-expenditure black hole. If it were economically viable, it would already be happening.
In this episode, Chris breaks down why “rare earths in Greenland” is a fantasy, why mining companies won’t touch it without taxpayer guarantees, and how this logic mirrors the same moral hazard we’ve seen with oil, banks, and bailouts before. Free markets don’t work by executive order or political hype—and taxpayers shouldn’t be forced to backstop uneconomic boondoggles. Do your homework.