You mean like trump steaks or trump university, trump airlines or perhaps trump wine, or all of the other trump scams that went broke? Trump sucks the money out, then files bankruptcy. Do you want him to do that to our country?
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.
like the US has?
Yes. We also have politicians' intent on spending double what they take in with tax revenues. Those other countries cannot possibly spend all the money they have coming in. That is why they have it to invest.
Democrats have always made it clear they view the United States' money supply as their personal vote-buying and crony payoff fund.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.
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.
Everybody was upset when Solyndra failed because Obama had been warned they were going under -- and he gave them a half-billion anyway.
You didn't seem to mind when the Biden Crime Family was getting rich off taxpayer dollars.
To be fair, hunter only said he paid him 10 percent
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.
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.
You're assuming republicans will say no to him for any reason
/----/ "Republicans have even said “deficits don’t matter”.
/—-/ You mean like USAID?
Solyndra failed because it was a medium or vehicle to “reward friends.”
Like the Saudi fund that gave Kirshner $2Bn.
