patrick.net

https://www.ft.com/content/38bc9cf4-f820-444e-88e3-7b96a20b6591

https://finance.yahoo.com/news/trump-just-called-u-sovereign-193231664.html

I think of Alaska state government sending out checks each year to each resident from its oil and gas fund, now about $1300 each.

Think of it more as the US Treasury printing money to invest in Hunter's artwork or Trump's NFT cards.

... or printing money to buy up those pesky private equity positions held by the State of California's pensions at whatever price is deeemed right.

AD says

But I don't think the USA has any extra tax revenue for this, as every Social Security tax dollar that is surplus is used to buy US Treasuries.

Federal government owns at least $20 trillion in property alone it can sell off. This doesn't include the national parks or reserves. Most is empty land but there are lots of buildings, power utilities, etc.

The total is only estimated, not known because no systematic audit has ever been done of it all.

Also, we can set up capital homesteading financed by the Fed.

http://capitalhomestead.org/page/homestead-summary

Misc says

Think of it more as the US Treasury printing money

This. Who needs a wealth fund when you have a printing press.

Yes, let’s sell off the national parks to Disney.

That would be like your broke girlfriend who racked up $30,000 in credit cards saying "I think I should start an IRA soon."

DemocratsAreTotallyFucked says

Federal government owns at least $20 trillion in proprty alone it can sell off.

Keep all the land, and lease it out more. Sign at least 10 years leases and no more than 99 year leases.

Some land could be more utilized like for aquaculture and clearing of deadwood (for engineered wood).

No different when the government leases off-shore Gulf of Mexico areas to the oil companies, and to the off-shore northeast areas to the wind turbine electric utilities.

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So called 'sovereign' wealth funds are supposedly to establish 'inviolable' legacy directed usages, insurance for essential institutional ongoing expenses or provender for citizens from resources outside of the machinations and churnings of government graft (fat chance).

A bankrupt entity like the foreign occupied foreign corporation of Washington DC technically by intention has only ever increasing outstanding Babylonian debt and any 'sovereign fund' would probably be viewed as an illegal transfer or asset shell under bankruptcy. Is this why God invented fiat money printing presses?

Anna Von Reitz states that Wall Street has been effectively moved to Tel Aviv computers. New York City is another foreign colony state?? which is why its legal system is so thoroughly corrupted "in like DC"?

The Fed has its 'local' corporate charter in Puerto Rico, and the Vatican runs the IRS (illegitimate) also through Dominican order in Puerto Rico. The Vatican issues the paychecks for DC, takes a cut from our taxes, and lends the rest back to us at interest.

DC is a foreign shell game. It literally has no assets but the foreign occupied foreign city state of Washington DC. It's only real asset are ongoing fraud and Ponzi on the American People, putting on a theater sham of central governance.

So what exactly would a federal 'sovereign fund' be designed to protect? CIA criminal enterprises, LOL! Even those are foreign, because the CIA is the reconstituted Nazi Gestapo/SS operating out of Switzerland. Langley is their diplomatic outpost. CIA operates under a charter or treaty with USA, but it makes no pretense any longer of observing its own 'rules' about not plotting against citizens or spying on them 'domestically'. CIA treats the citizens of the Republic as foreign hostiles to be Tavistocked and terrorized into submission.

Wasn't Social Security supposed to be a kind of sovereign wealth fund? Government plundered it and left a pile of scrip (IOUs).

Anything that DC establishes will just be regarded as a political checking account.

Ceffer says

Government plundered it and left a pile of scrip (IOUs).

It’s in a Lock Box. A Lock Box.

Ceffer says

Wasn't Social Security supposed to be a kind of sovereign wealth fund? Government plundered it and left a pile of scrip (IOUs).

Anything that DC establishes will just be regarded as a political checking account.

yes, but as Al Gore promised about putting Social Security tax receipts surplus in a "lock box", they have by law have to use the surplus to buy US Treasuries

they can't use it to buy stocks or anything else

besides this, they need that surplus to finance all the federal debt

that is why I think they'll institute a means test for Social Security within the next 10 to 15 years

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Ceffer says

Wasn't Social Security supposed to be a kind of sovereign wealth fund? Government plundered it and left a pile of scrip (IOUs).

Anything that DC establishes will just be regarded as a political checking account.

It would have been better off to establish an interstate compact for SS. That way Congress wouldn't have been able to touch it.

Al_Sharpton_for_President says

It’s in a Lock Box. A Lock Box.

FDR rolled out his Social Security proposal as "social insurance" not as a pension or retirement plan.

He could not get enough Congressional support and that is why it became a retirement plan.

.

Ceffer says

Wasn't Social Security supposed to be a kind of sovereign wealth fund? Government plundered it and left a pile of scrip (IOUs).

Anything that DC establishes will just be regarded as a political checking account.

Bill Clinton "solved" the problem in the 90's by unifying the budget. Before then, the SS trust fund and the rest of the federal budget were kept separate. This allowed him to claim that there was a budget surplus for the first time since WWII. ALL LIES - this was the beginning of the end - we are almost at the end, unfortunately, there is much more fun to be had before the curtain draws on the Fourth Turning.

stereotomy says

Bill Clinton "solved" the problem in the 90's by unifying the budget. Before then, the SS trust fund and the rest of the federal budget were kept separate.

Exactly he "mixed" money when he should have kept it in the "lock box" (as Al Gore ironically promised to do in the 2000 election cycle).

Like when my HOA decided to borrow $500,000 for Hurricane Michael repairs. But they never came up with an estimate to justify this amount.

Going through the ledger and invoices for the repairs, they had plenty of money left over from this $500,000 after all the repairs were completed.

Yet the new HOA board decided to spend all the surplus on their "pet projects" instead of just paying off a lot of the loan balance with the unspent or surplus loan money.

What pissed me off is they "mixed" this $500,000 with the operating money (i.e., revenue from quarterly assessments) and they made it difficult to account for how this $500,000 was spent.

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stereotomy says

Fourth Turning.

There will definitely be a means test for Social Security as part of this equation. They are not importing (or immigrating) middle class and rich people to help increase solvency.

Canada use to have tough immigration rules whereas it was easy if you were highly educated and/or rich to immigrate there. Justin Trudeau has competed with Birdbrain Biden on how can quickly and effectively implement the Cloward Piven Strategy.

Probably also higher taxes (i.e., higher than current rates even capital gains tax for those in the middle brackets) are part of Fourth Turning.

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AD says

What pissed me off is they "mixed" this $500,000 with the operating money (i.e., revenue from quarterly assessments) and they made it difficult to account for how this $500,000 was spent.

You may even be more upset if you look into which contactors were hired from that general fund enhancement and their relationship to board members.

AD says

There will definitely be a means test for Social Security as part of this equation.

The printing press method is politically safer.

stereotomy says

this was the beginning of the end - we are almost at the end, unfortunately, there is much more fun to be had before the curtain draws on the Fourth Turning.

The “fourth turning” will be the returning of Jesus Christ. Are you ready to meet Him?

Revelation 1:5 Grace and peace to you from Him who is and was and is to come, and from the seven Spirits before His throne, 5and from Jesus Christ, the faithful witness, the firstborn from the dead, and the ruler of the kings of the earth.

To Him who loves us and has released us from our sins by His blood, 6who has made us to be a kingdom, priests to His God and Father—to Him be the glory and power forever and ever! Amen.

7Behold, He is coming with the clouds, and every eye will see Him—even those who pierced Him. And all the tribes of the earth will mourn because of Him. So shall it be! Amen.

8“I am the Alpha and the Omega,” says the Lord God, who is and was and is to come—the Almighty.

Here's a more wordy explanation of the Grift wannabees.

https://www.msn.com/en-us/money/markets/a-u-s-sovereign-wealth-fund-please-no/ar-AA1ql7QJ

Yes, those crypto fucktards want the new sovereign wealth fund to invest in Crypto or at least put in the Social Security Trust fund assets.

Sure put public funds into the market at the highest price possible.

What's wrong with the government -- now is the time to go into office towers. We will just let Blackstone tell us what the price should be.