Make Detroit A Boom City; Sell It to China

“Everyone thinks Detroit is dead,” says Porter Stansberry. “But that’s only because the U.S. auto industry is bankrupt. It won’t be forever. And the endgame – a massive restructuring of Ford, GM, and Chrysler – is much closer than most people realise. Within five to 10 years, Americans will be making the best cars in the world again – at the best prices.

Investors who end up owning the Big Three’s assets (but not their liabilities) will make a fortune. And so will property investors in Detroit. It will be a city reborn.

We’re not so sure. Where’s Ctesiphon? Where is Mohenjo Daro? What happened to Timbuktu? Cities die. Sometimes they are never reborn. Industries disappear – forever, not just for 10 years.

But we have a suggestion. It is a big city…largely deserted. Well, what does China need? Cities…they’re building new ones at breakneck speed. And what does it have? Money. Lots of it. A Great Wall of Cash.

Can you put 2 and 2 together, dear reader? Sell Detroit to the Chinese. Give them a million green cards. Then Detroit will really boom.

And there’s a lot of precedent for this sort of thing. China, once a fading power, granted concessions to the rising European empires – Hong Kong to the British…Macao to the Portuguese. The Portuguese – when they were a rising power – also got a city on the coast of India…not to mention colonies in the New World and elsewhere.

Bill Bonner
Markets and Money

Bill Bonner

Bill Bonner

Since founding Agora Inc. in 1979, Bill Bonner has found success and garnered camaraderie in numerous communities and industries. A man of many talents, his entrepreneurial savvy, unique writings, philanthropic undertakings, and preservationist activities have all been recognized and awarded by some of America’s most respected authorities. Along with Addison Wiggin, his friend and colleague, Bill has written two New York Times best-selling books, Financial Reckoning Day and Empire of Debt. Both works have been critically acclaimed internationally. With political journalist Lila Rajiva, he wrote his third New York Times best-selling book, Mobs, Messiahs and Markets, which offers concrete advice on how to avoid the public spectacle of modern finance. Since 1999, Bill has been a daily contributor and the driving force behind Markets and Money.

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