Trump 2.0 - Sovereign Wealth Fund

President Trump signed an executive order Monday calling for the creation of a sovereign wealth fund, essentially a federally owned investment vehicle that takes stakes in different kinds of financial assets.

  Axios

$Trump Shitcoin perhaps?

It's unclear where the money would come from to start a fund, and it would require Congressional approval —

Stop the presses! Is it not clear that Trump 2.0 is not in the least concerned about "Congressional approval"? Not even Congress seems to be concerned about that.

— a tough prospect, given the fund would potentially be a way to cut lawmakers out of a key funding stream.

Already done with the capture of the US Treasury and the myriad EOs freezing spending and dismantling agencies.

Trump mentioned that "we're going to be doing something perhaps with TikTok, and perhaps not."

There's really no way to deal with this madman. "Perhaps. Perhaps not. We'll see." Jesus Tapdancing Christ.

Sovereign wealth funds are common in oil-rich, typically non-Western countries that run budget and/or trade surpluses.

The largest sovereign wealth funds are in Norway, China, Abu Dhabi and Singapore.

[...]

The U.S. has only run a budget surplus four times in the last 50 years, per federal data, most recently in 2001.

[...]

These funds typically run outside of the central bank's or finance minister's purview to keep it insulated from politics.

Typically. There is nothing typical about Trump 2.0. At least not in US history.

The Biden White House had also been looking into creating one of these funds, but it appeared the goal was to put money into investments in the national security interests — including technology, energy and supply chain.

[...]

Creating such a fund would take Congressional approval — but, as the NYT pointed out last year, lawmakers would be skeptical about creating a fund that could circumvent their own power to approve federal spending.

Is ANYONE listening?

...but hey, do what you want...you will anyway.