Thanks for the information about SWFs. Why would we not advocate for wealth held only in the hands of private individuals, period, end of story, top and bottom of it, and both sides. Don't we all know what happens when wealth is in the hands of government operatives?
In my view, a sovereign wealth fund for the US is not a very good idea. It is moronic to save money while taking in less than what's going out, plus there is the issue of $36 trillion of national debt. I would rather see "excess" funds slimming down the debt. As for those countries with a large sovereign wealth fund, they are obviously overtaxing their citizens. Citizens keeping more of their money is the best idea.
$36 TRILLION in national debt, $2 TRILLION in ND interest, AND $226 TRILLION in unfunded liabilities. Oh and a little cherry on top of that shit sundae...according to the U.S debt clock page...$723 TRILLION in currency and debt derivatives!!! Remember those credit default swaps???
You know that great reset we've heard whispered around the internet water cooler?
It's a debt reset. It's the U.S after the MAGA movement dies in 10 years and the government says they're wiping the debt away because it's unmanageable along with the interest payments and hyperinflation. It'll be at least $100 TRILLION by then if something drastic isn't done RIGHT NOW!!!
The DOGE really is the last best hope. We have to at least wipe out the budget deficit.
The nature of government is to feed and grow. It feeds on its citizens by sucking their time and energy away until they have nothing left. It bleeds them out through inflation of the money supply.
Politicians are such frauds. The interest on the National Debt is now consuming 13% of the fiscal year budget, is now the fourth highest category of spending, and now we'll create a wealth fund. We were told the tariffs were going to get rid of the income tax and now suddenly the money might go elsewhere. What a shock. The last thing the federal government needs to do is hold shares in foreign or domestic companies. We get it, Trump, paying off some of the National Debt isn't sexy, but this kicking this can down the road isn't going to work much longer before it comes back to destroy everything in its path. Do the right thing for the country and future Americans who will have to live with decisions made now.
There always seems to be one honest one in the group, just to reprove those willing to logroll in order to get ahead. For years, it was Dr. Ron Paul, who was known as Dr. No because he voted against so many bills he viewed as unconstitutional. Today, it is Congressman Thomas Massie, who also sets his compass by the Constitution. He has consistently voted against US funds to Ukraine and Israel. AIPAC targeted him during his recent reelection campaign, but they didn't put a dent in him. I am sure for both it is a lonely position; but satisfying to them personally and morally.
I am not a bit-coiner. I don't really like digital money. They keep talking about "death rays" from the sun that will interfere with the power grid and potentially take it out or parts of it. Then where is digital money gonna leave you? No power = no money. Does everyone have a generator?
Besides, I do not trust the government "experts" to know much about anything especially when it comes to money, currency, finance and economics. No matter the administration, they make the same mistakes over and over.
Those mistakes include interest rate manipulation, currency manipulation, tariffs, economic sanctions, tax manipulation, excessive spending over and over, lack of accountability, and kowtowing to the bankers, among many other things. Life is lived best by excluding the government from it.
Would this be akin to what President McKinley had, which had to be managed by a Focused Committee because there was SO much money for America, before the Panama Canal build, subsequent selling of for $1, the 1913 issue, as well as the 1971 (taking the dollar off the gold standard), and of course, the theft that occurred during 9/11?
Also, if all the debt was based on fraud, which it was, wouldn't this mean the Fraud viscerates the debt? Or, at least a lot of it?
If America is to go back to the 'gold standard,' it would need 'the gold' to back up the money.
If America is to make Tariffs, like back in the day, the way to finance the country, and NOT the taxes which kept the The People in a poverty stricken forever control matrix, then The People can keep their money that they worked hard for, and the country would enrichen itself off Tariffs (and Bitcoin, which I know shit about) to build the solid infrastructures needed.
Would this Wealth Fund be kept in the Treasury?
As an exceptional businessman, President Trump knows exactly how the money works.
And how the fraud works.
And the thieves who commit the fraud.
Considering he is proving HOURLY how much he loves the Nation and The People, I'm 100% inclined to believe he also has a plan to safeguard what he is creating for America to endure for centuries.
Also, I'm a member of the 51st State who gets excited when there's a spare 20 bucks in my wallet, so what the hell do I know.
Some of Trump's team, and maybe even himself, are as subject to corruption, especially if the fund is a slush fund. If it's a trust fund, maybe a fund backing the dollar, it might be a good thing.
If Trump wants to back the Dollar, the best thing to do is to reduce the National Debt. At the same time, prohibit the printing of any more dollars than are in current circulation, thus helping kill inflation through government money-printing.
Thanks for the information about SWFs. Why would we not advocate for wealth held only in the hands of private individuals, period, end of story, top and bottom of it, and both sides. Don't we all know what happens when wealth is in the hands of government operatives?
For a perspective on why a US SWF is an absurd and immoral idea, read here (original available on my substack):
https://mises.org/mises-wire/comic-absurdity-us-sovereign-wealth-fund
In my view, a sovereign wealth fund for the US is not a very good idea. It is moronic to save money while taking in less than what's going out, plus there is the issue of $36 trillion of national debt. I would rather see "excess" funds slimming down the debt. As for those countries with a large sovereign wealth fund, they are obviously overtaxing their citizens. Citizens keeping more of their money is the best idea.
We are teetering on destruction.
$36 TRILLION in national debt, $2 TRILLION in ND interest, AND $226 TRILLION in unfunded liabilities. Oh and a little cherry on top of that shit sundae...according to the U.S debt clock page...$723 TRILLION in currency and debt derivatives!!! Remember those credit default swaps???
You know that great reset we've heard whispered around the internet water cooler?
It's a debt reset. It's the U.S after the MAGA movement dies in 10 years and the government says they're wiping the debt away because it's unmanageable along with the interest payments and hyperinflation. It'll be at least $100 TRILLION by then if something drastic isn't done RIGHT NOW!!!
The DOGE really is the last best hope. We have to at least wipe out the budget deficit.
The nature of government is to feed and grow. It feeds on its citizens by sucking their time and energy away until they have nothing left. It bleeds them out through inflation of the money supply.
But I still have hope.
Politicians are such frauds. The interest on the National Debt is now consuming 13% of the fiscal year budget, is now the fourth highest category of spending, and now we'll create a wealth fund. We were told the tariffs were going to get rid of the income tax and now suddenly the money might go elsewhere. What a shock. The last thing the federal government needs to do is hold shares in foreign or domestic companies. We get it, Trump, paying off some of the National Debt isn't sexy, but this kicking this can down the road isn't going to work much longer before it comes back to destroy everything in its path. Do the right thing for the country and future Americans who will have to live with decisions made now.
It goes without saying that unless you have a degree in fraud, graft, theft and corruption, your life in politics will be extremely short.
There always seems to be one honest one in the group, just to reprove those willing to logroll in order to get ahead. For years, it was Dr. Ron Paul, who was known as Dr. No because he voted against so many bills he viewed as unconstitutional. Today, it is Congressman Thomas Massie, who also sets his compass by the Constitution. He has consistently voted against US funds to Ukraine and Israel. AIPAC targeted him during his recent reelection campaign, but they didn't put a dent in him. I am sure for both it is a lonely position; but satisfying to them personally and morally.
I am not a bit-coiner. I don't really like digital money. They keep talking about "death rays" from the sun that will interfere with the power grid and potentially take it out or parts of it. Then where is digital money gonna leave you? No power = no money. Does everyone have a generator?
Besides, I do not trust the government "experts" to know much about anything especially when it comes to money, currency, finance and economics. No matter the administration, they make the same mistakes over and over.
Those mistakes include interest rate manipulation, currency manipulation, tariffs, economic sanctions, tax manipulation, excessive spending over and over, lack of accountability, and kowtowing to the bankers, among many other things. Life is lived best by excluding the government from it.
When you have paid ALL debts, then you can start saving...
Would this be akin to what President McKinley had, which had to be managed by a Focused Committee because there was SO much money for America, before the Panama Canal build, subsequent selling of for $1, the 1913 issue, as well as the 1971 (taking the dollar off the gold standard), and of course, the theft that occurred during 9/11?
Also, if all the debt was based on fraud, which it was, wouldn't this mean the Fraud viscerates the debt? Or, at least a lot of it?
If America is to go back to the 'gold standard,' it would need 'the gold' to back up the money.
If America is to make Tariffs, like back in the day, the way to finance the country, and NOT the taxes which kept the The People in a poverty stricken forever control matrix, then The People can keep their money that they worked hard for, and the country would enrichen itself off Tariffs (and Bitcoin, which I know shit about) to build the solid infrastructures needed.
Would this Wealth Fund be kept in the Treasury?
As an exceptional businessman, President Trump knows exactly how the money works.
And how the fraud works.
And the thieves who commit the fraud.
Considering he is proving HOURLY how much he loves the Nation and The People, I'm 100% inclined to believe he also has a plan to safeguard what he is creating for America to endure for centuries.
Also, I'm a member of the 51st State who gets excited when there's a spare 20 bucks in my wallet, so what the hell do I know.
Anyhoo,
*Tips hat
MUCH Love
Some of Trump's team, and maybe even himself, are as subject to corruption, especially if the fund is a slush fund. If it's a trust fund, maybe a fund backing the dollar, it might be a good thing.
If Trump wants to back the Dollar, the best thing to do is to reduce the National Debt. At the same time, prohibit the printing of any more dollars than are in current circulation, thus helping kill inflation through government money-printing.