Trump signs executive order creating a sovereign wealth fund for U.S.

[1srelluc]

Trump signs executive order creating a sovereign wealth fund for U.S.

President Trump on Monday signed an executive order to create a sovereign wealth fund for the U.S., which would take government surpluses and invest the money into potentially risky asset classes that could generate high returns.

www.washingtontimes.com

President Trump on Monday signed an executive order to create a sovereign wealth fund for the U.S., which would take government surpluses and invest the money into potentially risky asset classes that could generate high returns.

Treasury Secretary Scott Bessent and Howard Lutnick, Mr. Trump’s nominee for Commerce secretary, are tasked with spearheading the effort.

“It’s about time the U.S. had a sovereign wealth fund,” Mr. Trump told reporters in the Oval Office during the signing ceremony.

The president suggested the government could use the funds to purchase TikTok, the social media platform that was briefly banned in the U.S.

Mr. Bessent said the wealth fund should be set up within the next year.

“We’re going to monetize the asset side of the U.S. balance sheet for the American people,” he said. “We are going to put the assets to work.”

The move fulfills a campaign promise by Mr. Trump, who repeatedly touted the benefits of creating such a fund, which are popular investment vehicles for governments in Asia and the Middle East. Those countries direct their budget surpluses toward a wide range of investments to help wield their influence around the world.

I'm surprised this one slipped under USMB's radar.

I'm sort of torn on it given what dems would do to it if they regain power.

 

[BULLDOG]

We have always invested in businesses. However, those businesses were chosen on the basis of the potential good they would do for the country. Even though our investments were considered low risk, a small percentage of them failed. Remember how upset everyone was when Solyndra failed? Now trump wants to invest in higher risk ventures in hopes of profit. This is a country, not an investment portfolio. It exists to provide for the population. A country can't be run like an investment portfolio.

 

[Toddsterpatriot]

President Trump on Monday signed an executive order to create a sovereign wealth fund for the U.S., which would take government surpluses and invest the money into potentially risky asset classes that could generate high returns.

I just noticed the flaw in the idea.

 

[Cellblock2429]

Trump signs executive order creating a sovereign wealth fund for U.S.

President Trump on Monday signed an executive order to create a sovereign wealth fund for the U.S., which would take government surpluses and invest the money into potentially risky asset classes that could generate high returns.

www.washingtontimes.com

President Trump on Monday signed an executive order to create a sovereign wealth fund for the U.S., which would take government surpluses and invest the money into potentially risky asset classes that could generate high returns.

Treasury Secretary Scott Bessent and Howard Lutnick, Mr. Trump’s nominee for Commerce secretary, are tasked with spearheading the effort.

“It’s about time the U.S. had a sovereign wealth fund,” Mr. Trump told reporters in the Oval Office during the signing ceremony.

The president suggested the government could use the funds to purchase TikTok, the social media platform that was briefly banned in the U.S.

Mr. Bessent said the wealth fund should be set up within the next year.

“We’re going to monetize the asset side of the U.S. balance sheet for the American people,” he said. “We are going to put the assets to work.”

The move fulfills a campaign promise by Mr. Trump, who repeatedly touted the benefits of creating such a fund, which are popular investment vehicles for governments in Asia and the Middle East. Those countries direct their budget surpluses toward a wide range of investments to help wield their influence around the world.

I'm surprised this one slipped under USMB's radar.

I'm sort of torn on it given what dems would do to it if they regain power.

/----/ A great plan. Unfortunately, the next tax and spend like drunken sailors democRAT Congress would blow through that fund in a month.

 

[sparky]

There are more than 100 sovereign wealth funds around the world with combined assets worth over $10 trillion, according to data from the Sovereign Wealth Fund Institute. Saudi Arabia, Kuwait, China and Norway have some of the funds in the world, redirecting gains into infrastructure and technology projects.


i wonder how it's working out for them?

~S~

 

[Admiral Rockwell Tory]

There are more than 100 sovereign wealth funds around the world with combined assets worth over $10 trillion, according to data from the Sovereign Wealth Fund Institute. Saudi Arabia, Kuwait, China and Norway have some of the funds in the world, redirecting gains into infrastructure and technology projects.


i wonder how it's working out for them?

~S~

What do you notice that all of those countries have in common?

 

[Seymour Flops]

What do you notice that all of those countries have in common?

They have strong, infrastructure and technology?

 

[JLW]

Trump wants to use the sovereign wealth fund to buy companies.

Sounds like a form of socialism.

MAGAs despite all their BS about being "conservatives" are anything but that on many issues.

 

[JLW]

We have always invested in businesses. However, those businesses were chosen on the basis of the potential good they would do for the country. Even though our investments were considered low risk, a small percentage of them failed. Remember how upset everyone was when Solyndra failed? Now trump wants to invest in higher risk ventures in hopes of profit. This is a country, not an investment portfolio. It exists to provide for the population. A country can't be run like an investment portfolio.

The irony is that Magas bitch about government picking and choosing winners, and here they are doing exactly that.

MAGAs are made up of confused individuals. who have no idea what they stand for.

Be that as it may, any bets that after TicTok, , the next company this "Sovereign Wealth Fund" will buy or invest in will be one owned by Musk or a Trump crony.

 

[Seymour Flops]

/----/ A great plan. Unfortunately, the next tax and spend like drunken sailors democRAT Congress would blow through that fund in a month.

Yes, exactly.

I hope that Kash Patel and Pam Bondi are the next two presidents eight years apiece. But realistically, no matter how much happy dance ones side does when they win the other side usually wins next time or the time after that.

Democrats would funnel too much of that money to whoever the next Jeffrey Epstein will be.

 

[sartre play]

Trump signs executive order creating a sovereign wealth fund for U.S.

President Trump on Monday signed an executive order to create a sovereign wealth fund for the U.S., which would take government surpluses and invest the money into potentially risky asset classes that could generate high returns.

www.washingtontimes.com

President Trump on Monday signed an executive order to create a sovereign wealth fund for the U.S., which would take government surpluses and invest the money into potentially risky asset classes that could generate high returns.

Treasury Secretary Scott Bessent and Howard Lutnick, Mr. Trump’s nominee for Commerce secretary, are tasked with spearheading the effort.

“It’s about time the U.S. had a sovereign wealth fund,” Mr. Trump told reporters in the Oval Office during the signing ceremony.

The president suggested the government could use the funds to purchase TikTok, the social media platform that was briefly banned in the U.S.

Mr. Bessent said the wealth fund should be set up within the next year.

“We’re going to monetize the asset side of the U.S. balance sheet for the American people,” he said. “We are going to put the assets to work.”

The move fulfills a campaign promise by Mr. Trump, who repeatedly touted the benefits of creating such a fund, which are popular investment vehicles for governments in Asia and the Middle East. Those countries direct their budget surpluses toward a wide range of investments to help wield their influence around the world.

I'm surprised this one slipped under USMB's radar.

I'm sort of torn on it given what dems would do to it if they regain power.

Way more information is needed.

 

[d0gbreath]

Seems rather slushy.

 

[Winco]

President Trump on Monday signed an executive order to create a sovereign wealth fund for the U.S.

20% for the Con Man, of course.

Looks like Eric and Don will be part of the oversight committee.
What could go wrong?
Ask the Cancer Children.

 

[Seymour Flops]

20% for the Con Man, of course.

He’ll get twice as much as The Big Guy?

 

[Cellblock2429]

20% for the Con Man, of course.

Looks like Eric and Don will be part of the oversight committee.
What could go wrong?
Ask the Cancer Children.

/——/ You’re grasping at straws with that fake accusation. What a lowlife libtard.

 

[kyzr]

Stupid idea, the US has $37T in DEBT not a SURPLUS to invest.

 

[Cellblock2429]

Stupid idea, the US has $37T in DEBT not a SURPLUS to invest.

/——/ democRATs don’t give a flying fart about the debt.
Money from tariffs can be used to fund it.

 

[sparky]

What do you notice that all of those countries have in common?

not sure Admiral , possibly some economic ties? ~S~

 

[1srelluc]

We have always invested in businesses. However, those businesses were chosen on the basis of the potential good they would do for the country. Even though our investments were considered low risk, a small percentage of them failed. Remember how upset everyone was when Solyndra failed? Now trump wants to invest in higher risk ventures in hopes of profit. This is a country, not an investment portfolio. It exists to provide for the population. A country can't be run like an investment portfolio.

I doubt if Trump will be investing in "pie in the sky" ventures.

 

[Admiral Rockwell Tory]

not sure Admiral , possibly some economic ties? ~S~

Oil