I'm stalking Trump to see what else I can dig up on him.

 

He just recently signed an executive order to pump 2 Trillion Dollars into a Sovereign Wealth Fund.

 

Norway has something similar and it generated over 200 billion in profit.

 

One way he will invest the money is acquire Tik Tok.

 

And Trump will use this money for the benefit of the masses, not greedily horde it for himself.

 

At least that's what I've gathered. 

 

Any economists know anything about an SWF? That's all I got. 

 

 

That was 2 weeks ago you did not Dig Up anything it has been well publicized, in fact televised his signing of the order.

The devil is in one particular detail: is it to be under the control and oversight of congress, or the executive branch?

 

Maybe there should be an independent head of the fund, there is a chap called Elon Musk who is eminently suitable, alternatively there are members of the Trump family who are well versed in handling large sums of other people's money!

 

Incidentally, given the massive debt which the USA faces, why the plan to channel huge amounts of money into such a fund?

'And Trump will use this money for the benefit of the masses, not greedily horde it for himself'. Right!

Sovereign Wealth Funds (SWFs) are meant to boost national wealth, but they can be ripe for abuse. Due to their secrecy and lack of oversight, SWFs have often been used for corruption, fraud, and political manipulation.

How SWFs Can Be Misused:

• Financial Secrecy: Lack of transparency makes it easy to hide illicit transactions.
• Political Leverage: Investments are sometimes used to influence foreign governments or reward allies, and sometimes friends.
• Fraud and Embezzlement: Officials may funnel funds for personal gain, luxury purchases, or political campaigns.

Notable Examples:

• 1MDB (Malaysia): Billions were misappropriated from this SWF, funding luxury goods and political campaigns, leading to one of the largest financial frauds in history.
• Russia: The lack of transparency in Russia’s SWFs has led to accusations of financial secrecy, with funds used to consolidate wealth among the elite.
• Germany and Hitler: During WWII, Hitler used Germany’s economic assets to fund the war and personal luxuries, with much of the wealth looted from occupied countries. A significant portion was hidden in secret Swiss bank accounts, making it difficult for post-war governments to trace or recover.
• MBS and Kushner: Saudi Crown Prince MBS invested $2 billion into Jared Kushner’s firm, raising concerns about political influence and personal enrichment.

Conclusion:

While SWFs can benefit a nation, they can also be used for fraud, corruption, and political gain. Transparency and oversight are crucial to prevent these funds from being exploited for personal or political enrichment.

The big question is can you trust a convicted criminal and known fraudster?

4 minutes ago, LosLobo said:

'And Trump will use this money for the benefit of the masses, not greedily horde it for himself'. Right!

Sovereign Wealth Funds (SWFs) are meant to boost national wealth, but they can be ripe for abuse. Due to their secrecy and lack of oversight, SWFs have often been used for corruption, fraud, and political manipulation.

How SWFs Can Be Misused:

• Financial Secrecy: Lack of transparency makes it easy to hide illicit transactions.
• Political Leverage: Investments are sometimes used to influence foreign governments or reward allies, and sometimes friends.
• Fraud and Embezzlement: Officials may funnel funds for personal gain, luxury purchases, or political campaigns.

Notable Examples:

• 1MDB (Malaysia): Billions were misappropriated from this SWF, funding luxury goods and political campaigns, leading to one of the largest financial frauds in history.
• Russia: The lack of transparency in Russia’s SWFs has led to accusations of financial secrecy, with funds used to consolidate wealth among the elite.
• Switzerland: Known for its banking secrecy, Swiss accounts have been used by various regimes to hide illicit funds, including Nazi-era wealth.
• MBS and Kushner: Saudi Crown Prince MBS invested $2 billion into Jared Kushner’s firm, raising concerns about political influence and personal enrichment.

Conclusion:

While SWFs can benefit a nation, they can also be used for fraud, corruption, and political gain. Transparency and oversight are crucial to prevent these funds from being exploited for personal or political enrichment.

The big question is can you trust a convicted criminal and known fraudster?

Always negative with socialists. SWFs are for 50 years not for 1 guy to run.

2 hours ago, save the frogs said:

I'm stalking Trump to see what else I can dig up on him.

 

He just recently signed an executive order to pump 2 Trillion Dollars into a Sovereign Wealth Fund.

 

Norway has something similar and it generated over 200 billion in profit.

 

One way he will invest the money is acquire Tik Tok.

 

And Trump will use this money for the benefit of the masses, not greedily horde it for himself.

 

At least that's what I've gathered. 

 

Any economists know anything about an SWF? That's all I got. 

 

 

China plans 50 years ahead. Every country should. SWF is a great idea.

8 minutes ago, Harrisfan said:

China plans 50 years ahead. Every country should. SWF is a great idea.

Good plan...  A 50 year supply of empty housing... 

3 minutes ago, BKKKevin said:

Good plan...  A 50 year supply of empty housing... 

Glass half empty

Another illegal ploy to get his hands in the cookie jar. Where is the funding authorization?

 

There is no sovereign so no need for the fund.

2 hours ago, save the frogs said:

And Trump will use this money for the benefit of the masses, not greedily horde it for himself.

 

I'm OK with this provided he does NOT waste a dime on Sammy Boy.

 

6 minutes ago, cjinchiangrai said:

Another illegal ploy to get his hands in the cookie jar. Where is the funding authorization?

could be, but my theory is that he is already filthy rich so he is the least likely politician to loot the coffers. but i could be wrong.

1 hour ago, JAG said:

why the plan to channel huge amounts of money into such a fund?

not sure. let's see what further information comes out. 

good questions

11 minutes ago, save the frogs said:

could be, but my theory is that he is already filthy rich so he is the least likely politician to loot the coffers. but i could be wrong.

Yet, Bernie Madoff, the biggest fraudster in financial history, was already a multi-millionaire before he started his infamous Ponzi scheme.

6 minutes ago, save the frogs said:

could be, but my theory is that he is already filthy rich so he is the least likely politician to loot the coffers. but i could be wrong.

Trump's financials are about as transparent as a mud puddle. There is plenty of debt in his property empire. many of which are losing money.

 

I doubt the contractors he has dudded in the past would agree he's unlikely to loot the coffers.

 

I'd trust him as far as I could throw him, but then I am not a MAGA idiot.

3 minutes ago, LosLobo said:

Yet, Bernie Madoff, the biggest fraudster in financial history, was already a multi-millionaire before he started his infamous Ponzi scheme.

For some people, more is never enough.

20 minutes ago, save the frogs said:

could be, but my theory is that he is already filthy rich so he is the least likely politician to loot the coffers. but i could be wrong.

Democrats profit the most from being President.

7 minutes ago, Lacessit said:

I'd trust him as far as I could throw him, but then I am not a MAGA idiot.

You just called me an idiot, but I won't put you on ignore. 

7 minutes ago, Lacessit said:

Trump's financials are about as transparent as a mud puddle. There is plenty of debt in his property empire. many of which are losing money.

 

I doubt the contractors he has dudded in the past would agree he's unlikely to loot the coffers.

 

I'd trust him as far as I could throw him, but then I am not a MAGA idiot.

As a non American you sure complain a lot.

8 minutes ago, LosLobo said:

Yet, Bernie Madoff, the biggest fraudster in financial history, was already a multi-millionaire before he started his infamous Ponzi scheme.

He's in jail 

2 minutes ago, save the frogs said:

You just called me an idiot, but I won't put you on ignore. 

Democrat supporters have a lower IQ. Being called an idiot by them is compliment. 

https://www.whitehouse.gov/fact-sheets/2025/02/fact-sheet-president-donald-j-trump-orders-plan-for-a-united-states-sovereign-wealth-fund/

3 minutes ago, Harrisfan said:

He's in jail 

 

I guess you are laughing with yourself, like every Harris fan, because Madoff is dead for 4 years already

3 hours ago, save the frogs said:

And Trump will use this money for the benefit of the masses, not greedily horde it for himself.

Not even the adoring MAGA supporters are that gullible, are they?

14 minutes ago, save the frogs said:

You just called me an idiot, but I won't put you on ignore. 

It's not as if I care one way or the other.

 

If you can tell me how raising tariffs against allies and cutting taxes for billionaires makes America great again, I'm listening.

1 minute ago, Digitalbanana said:

Not even the adoring MAGA supporters are that gullible, are they?

Trump is hard to pin down. He does seem to have a 'bad guy' side to him.

I've seen Elon in quite a few interviews, including long interviews on Joe Rogan. He appears to be a genuinely nice human being. He does not come across at all as a fraudster. 

I may be gullible, but my theory is that money is not a consideration for these guys anymore since they already made their billions and they are driven by motivations other than money. 

I could be wrong. 

 

The fund’s formal name is the Government Pension Fund Global. The fund invests only abroad so that the Norwegian economy does not overheat.

 

About the fund
The Government Pension Fund Global was established after Norway discovered oil in the North Sea. The fund was set up to shield the economy from ups and downs in oil revenue. It also serves as a financial reserve and as a long-term savings plan so that both current and future generations of Norway get to benefit from our oil wealth.

 

The fund in brief
In 1969, one of the world’s largest offshore oilfields was discovered off Norway. Suddenly we had a lot of oil to sell, and the country’s economy grew dramatically. It was decided early on that revenue from oil and gas should be used cautiously in order to avoid imbalances in the economy. 

 

https://www.nbim.no/en/

6 minutes ago, Lacessit said:

If you can tell me how raising tariffs against allies and cutting taxes for billionaires makes America great again, I'm listening.

for tariffs, trump said it's to boost manufacturing in the US.

sorry, admittedly much of politics and economics is way over my head. 

a lot of things are interconnected and it's actually not that simple to understand, and i don't pretend to understand everything he's doing. 

I don't even know much about Sovereign Wealth Funds. 

 

4 minutes ago, save the frogs said:

Trump is hard to pin down. He does seem to have a 'bad guy' side to him.

I've seen Elon in quite a few interviews, including long interviews on Joe Rogan. He appears to be a genuinely nice human being. He does not come across at all as a fraudster. 

I may be gullible, but my theory is that money is not a consideration for these guys anymore since they already made their billions and they are driven by motivations other than money. 

I could be wrong. 

 

That is correct. Its clear that you arent a braindead consumer of mainstream media. As time goes on it will be more clear that musk is one of the few mega rich people using his money to further western principles

1 hour ago, jerrymahoney said:

The fund’s formal name is the Government Pension Fund Global. The fund invests only abroad so that the Norwegian economy does not overheat.

 

About the fund
The Government Pension Fund Global was established after Norway discovered oil in the North Sea. The fund was set up to shield the economy from ups and downs in oil revenue. It also serves as a financial reserve and as a long-term savings plan so that both current and future generations of Norway get to benefit from our oil wealth.

 

The fund in brief
In 1969, one of the world’s largest offshore oilfields was discovered off Norway. Suddenly we had a lot of oil to sell, and the country’s economy grew dramatically. It was decided early on that revenue from oil and gas should be used cautiously in order to avoid imbalances in the economy. 

 

https://www.nbim.no/en/

The Norway model works fine, but only because of its unique conditions: a nationalized oil industry, a small population, high taxes, and a disciplined government that keeps political hands off the fund.

The U.S. has none of these.

• The SWF is built on state-controlled oil profits, with Equinor (67% state-owned) and a 78% tax on petroleum. The U.S. has no nationalized oil sector—profits go to private companies.
   
• Norway’s 5.5 million people benefit far more per capita, while the U.S. has 330+ million, making a similar fund far less effective.
   
• The state is funded with a 38.2% top income tax and 25% VAT. The U.S. has no federal VAT and a lower top tax rate (37%)—raising taxes for an SWF isn’t politically viable.
   
• It ranks #4 in least corruption, while the U.S. is #24—an American SWF would be far more vulnerable to political interference.
   
• Norway ranks #2 in HDI (Human Development Index), reflecting its high life expectancy, education levels, and standard of living, with universal healthcare and higher education provided at little to no cost. In contrast, the U.S. ranks #21, relying on private wealth, employer-based systems, and student loans.
   
• Norway controls nearly 2 million barrels/day, ensuring public benefit, while the U.S. produces 12M+ barrels/day, but profits stay private—a key difference.

And no, it is not socialist.

Norway operates a mixed economy: capitalism with state ownership in key sectors. Private businesses thrive, economic freedom is high (#12 globally), and the welfare state is funded by high taxes, not socialism.
 

Different systems, different realities. This model works for Norway, but it wouldn’t work in the U.S.

Oh -- you mean the USofA does not have hundreds of billions of dollars that they do not know what to do with??