Make Detroit A Boom City; Sell It to China

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“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
The Daily Reckoning Australia

Bill Bonner

Bill Bonner

Best-selling investment author Bill Bonner is the founder and president of Agora Publishing, one of the world's most successful consumer newsletter companies. Owner of both Fleet Street Publications and MoneyWeek magazine in the UK, he is also author of the free daily e-mail The Daily Reckoning.
Bill Bonner

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