QUESTION: Marty, I learn on Zero Hedge that Trump was floating the concept of Venezuela changing into the 51st State. If you have been right here in Canada, you mentioned the US would by no means let Alberta develop into the 51st State. Is that this simply extra hype about Venezuela?
GS
ANSWER: Sure, it’s simply phrases within the wind. The true story backstage is that permitting Alberta to develop into the 51st State would imply the Democrats would insist that Puerto Rico and Guam develop into states. Regardless of who we contemplate, a state will get two senators plus representatives within the Home, relying on inhabitants. This modifications the political steadiness, and it is going to be a shit-fight to say the least.
The U.S. Structure doesn’t require a nationwide vote of all present states to confess a brand new one, solely underneath a particular set of “different states” these whose territory could be straight affected by the creation of the brand new state.
So there may be much more at challenge than simply oil or assets. Redistricting simply affect the Home. A 51st State impacts the Senate.
