QUESTION: Marty, I learn on Zero Hedge that Trump was floating the thought of Venezuela changing into the 51st State. Whenever you have been right here in Canada, you mentioned the US would by no means let Alberta turn into the 51st State. Is that this simply extra hype about Venezuela?
GS
ANSWER: Sure, it’s simply phrases within the wind. The actual story behind the scenes is that permitting Alberta to turn into the 51st State would imply the Democrats would insist that Puerto Rico and Guam turn into states. Irrespective of who we think about, a state will get two senators plus representatives within the Home, relying on inhabitants. This adjustments the political stability, and it will likely be a shit-fight to say the least.
The U.S. Structure doesn’t require a nationwide vote of all current states to confess a brand new one, solely underneath a selected set of “different states” these whose territory could be immediately affected by the creation of the brand new state.
So there’s much more at subject than simply oil or assets. Redistricting simply influence the Home. A 51st State impacts the Senate.
