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Quoted By: >>1381495
Trump just created the US Sovereign Wealth Fund which will be used to fund things such as airports, highways, and entitlements by federal investment in US business.
Potentially it will be a major investor in TikTok, sharing in its massive profits.
https://www.cnbc.com/2025/02/03/trump-signs-order-to-establish-a-sovereign-wealth-fund-that-he-says-could-buy-tiktok.html
https://www.whitehouse.gov/fact-sheets/2025/02/fact-sheet-president-donald-j-trump-orders-plan-for-a-united-states-sovereign-wealth-fund/
President Donald Trump on Monday signed an executive order that outlines plans for a government-run sovereign wealth fund to serve as an economic development tool and perhaps be used to buy TikTok.
Among the aims for the fund would be developing infrastructure such as airports and highways, and it could help the U.S. extend its influence in areas such as Panama and Greenland.
“We’re going to stand this thing up within the next 12 months. We’re going to monetize the asset side of the U.S. balance sheet for the American people,” U.S. Treasury Secretary Scott Bessent said during a media parley. “There’ll be a combination of liquid assets, assets that we have in this country as we work to bring them out for the American people.”
There were no other details for a fund Trump said during his campaign could back “great national endeavors.” He has said tariffs could help provide funding. Other nations use taxes on natural resources, financial transactions and carbon use as funding mechanisms.
A discussed deal in which the U.S. would become a partner in social media platform TikTok would be one potential use, Trump said. Trump signed an order allowing it back for a 75-day period during which it likely will have to divest itself of Chinese interests.
Nations with the funds include China, Norway and Singapore. A U.S. fund could help it compete with those countries and might make the government less dependent on issuing Treasury debt to raise money.
Potentially it will be a major investor in TikTok, sharing in its massive profits.
https://www.cnbc.com/2025/02/03/trump-signs-order-to-establish-a-sovereign-wealth-fund-that-he-says-could-buy-tiktok.html
https://www.whitehouse.gov/fact-sheets/2025/02/fact-sheet-president-donald-j-trump-orders-plan-for-a-united-states-sovereign-wealth-fund/
President Donald Trump on Monday signed an executive order that outlines plans for a government-run sovereign wealth fund to serve as an economic development tool and perhaps be used to buy TikTok.
Among the aims for the fund would be developing infrastructure such as airports and highways, and it could help the U.S. extend its influence in areas such as Panama and Greenland.
“We’re going to stand this thing up within the next 12 months. We’re going to monetize the asset side of the U.S. balance sheet for the American people,” U.S. Treasury Secretary Scott Bessent said during a media parley. “There’ll be a combination of liquid assets, assets that we have in this country as we work to bring them out for the American people.”
There were no other details for a fund Trump said during his campaign could back “great national endeavors.” He has said tariffs could help provide funding. Other nations use taxes on natural resources, financial transactions and carbon use as funding mechanisms.
A discussed deal in which the U.S. would become a partner in social media platform TikTok would be one potential use, Trump said. Trump signed an order allowing it back for a 75-day period during which it likely will have to divest itself of Chinese interests.
Nations with the funds include China, Norway and Singapore. A U.S. fund could help it compete with those countries and might make the government less dependent on issuing Treasury debt to raise money.
