Breitbart
President Donald Trump signed an executive order Monday directing his Treasury and Commerce secretaries to begin the process of establishing an American sovereign wealth fund.
Trump signed the order in the Oval Office flanked by Treasury Secretary Scott Bessent and Howard Lutnick, Trump’s nominee for Commerce secretary.
“We’re gonna have a sovereign wealth fund, which we’ve never had,” Trump said. “We have a lot of things that create wealth, and you’ve seen that over the last two weeks.”
Bessent said the fund would be established within a year. more
Just more meddling in the stock market. Restore freedom and let US worry about our wealth.
brilliant!! Watch Trump create a budget surplus by the end of his administration.
this is absolutely a TERRIBLE idea. it isn’t even debatable
This strikes me as something of a Pandora’s box which we’ll never be able to close back up. It has immense potential, and probability, to grotesquely distort the markets.
IATS
TWD