Trump’s sovereign wealth fund idea is born of envy rather than sense

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Author Long Silicon Valley Investor

President Donald Trump, who dug a deep hole in the United States with his tariff, is now about to deepen the sovereign wealth fund. This is an offer of birth to VY than the senses.

The US President, who did not have any secrets of his desire to imitate the military march on Bastil Day or to do 747 spruce so that a new air force could be equipped with its own paint scheme, now wants to form a qualified fund worth a Middle East.

The whole idea ignores the reality. Unlike the Kingdoms in the Middle East, whose sovereign capital capital is formed with the revenue of the surplus oil, the United States is a Tor Nation nation. It has less resources than $ 6TN and more than 45 TN Debts. With the discussion of tax decrease, the promise of the so -called Government Skills Department is failing to survive in his promise and now the possibility of a sovereign fund, America will only become poor.

In fact, the “Trump Fund” should be called the administration to create a privilege of capital, the administration seems to be hell in the hands of financial hands. It wants to reconsider our gold reserves and take Orrows against the inflamed amount.

The designers of the Trump fund talk about “cashing” or “securizing” in the country’s resources. These words used by Wall Strees are short when we are betting that we can create a king’s ransom on the meaning of taking the orrow. The strategy reminds him of the way Trump exaggerated its own real estate portfolio’s size and value to shake his own real estate portfolio. We all know how it ended.

The proponents of the Trump fund should compare their plans to other countries organized sovereign funds with prudent and measurement. The glossy example was created in Norway’s Government Pension Fund Global, when the Norwegian government realized that its oil and gas reserves were finally dry, it decided to invest about 5 percent profit from the sea Bananja – now the value of about 1.7 TN – which will work as a state -of -the -state cost.

The same incident happened in the GIC and Tamasek, two vehicles founded by the Singapore government, which is an ex -entity investing in foreign reserves in the east country, mainly accused of conducting claims in the state -owned companies. Or see how Canada operates the Canada Pension Plan Board or Australia Superinision Funds, which is organized at the state level and manages citizens’ pension contributions.

If Trump and his advisers are very proud to follow the leadership of another nation, they should look near the house towards Alaska. In the 5th, Alaskan leaders created Alaska permanent funds for investing 25 percent of the state’s income from North OPE OLU Oil. Each year, funds, which are less than $ 1 million and now have about $ 80bn resources, pay dividends to each Alaskan resident.

The Trump fund seems to be a shocking, nothing more than that. The other funds I mentioned were, in the beginning, the insulating against political intervention and originally successful. Today’s Republicans emphasized on similar maintenance when they already focused on Trump’s memory and the focused on his family’s insatiable hunger to make their own purse fair.

If the US is forced to keep a sovereign fund, it should be known as the tariff fund. Instead of borrowing more money against the future, any money generated by US tariffs should be separated and they should be appointed for great purposes. These should be invested in two subjects: companies that create development and manufacturing power in the US and tomorrow’s critical technology research and development. However, if a sovereign fund is simply integrated to the president’s faculties to moly, the greatest asset of the American financial system – belief in faith – another brutal injury will be considered.