A sovereign wealth fund is a good idea.....just not in the context in which Trump rolled it out - something to the effect of if the government buys a bunch of toxic and deadly vaccines for its people, we should get some of the cut!
States need to create their own banks. North Dakota is a constant example of how successful this is. Cut the…
A sovereign wealth fund is a good idea.....just not in the context in which Trump rolled it out - something to the effect of if the government buys a bunch of toxic and deadly vaccines for its people, we should get some of the cut!
States need to create their own banks. North Dakota is a constant example of how successful this is. Cut the head off the snake (leave the federal reserve) and the debt based slave system we are currently on and return to a gold standard.
A sovereign wealth fund might be a good idea but if run by the government will eventually be just more of the “I’m from the government & i’m here to help” disaster school. The current admin (& perhaps the next) will surely manage it brilliantly but what happens when the pendulum swings (& it always eventually does) or you get a squishier, less scrupulous MAGA in charge?
Isn’t that what happened w/ Social Security? Was supposed to be untouchable & simply garner massive profits for retirees. It wasn’t long before the funds were raided for more short term, politically expedient projects w/ IOUs left where the wealth used to be. Of course now we know the REAL reason or at least a co-reason it’s almost bankrupt: paying millions of dead people for DECADES.
Perhaps any "surplus" could go directly to Social Security to replenish what has been raided. That way, taxpayers do benefit from the surplus (especially since it is/was money that came out of their income stream in the first place to be held for them until needed in retirement/disablement)
Aren't there a couple of states that have issued gold-backed "dollars" that are literally just that? They have a thin layer of gold imprinted on the bill. Heard about it on the QuiteFrankly Podcast a few years ago.
They have added a few more states, can’t remember which ones at the moment. I have some from 3 states and they are very attractive - value has gone up nicely in the 4 years since purchase.
A sovereign wealth fund is a good idea.....just not in the context in which Trump rolled it out - something to the effect of if the government buys a bunch of toxic and deadly vaccines for its people, we should get some of the cut!
States need to create their own banks. North Dakota is a constant example of how successful this is. Cut the head off the snake (leave the federal reserve) and the debt based slave system we are currently on and return to a gold standard.
A sovereign wealth fund might be a good idea but if run by the government will eventually be just more of the “I’m from the government & i’m here to help” disaster school. The current admin (& perhaps the next) will surely manage it brilliantly but what happens when the pendulum swings (& it always eventually does) or you get a squishier, less scrupulous MAGA in charge?
Isn’t that what happened w/ Social Security? Was supposed to be untouchable & simply garner massive profits for retirees. It wasn’t long before the funds were raided for more short term, politically expedient projects w/ IOUs left where the wealth used to be. Of course now we know the REAL reason or at least a co-reason it’s almost bankrupt: paying millions of dead people for DECADES.
Agree
Perhaps any "surplus" could go directly to Social Security to replenish what has been raided. That way, taxpayers do benefit from the surplus (especially since it is/was money that came out of their income stream in the first place to be held for them until needed in retirement/disablement)
As happy as I am right now, I keep worrying about that darn pendulum.
Imagine the cut we should be getting from the $500 million that the government invested in the dangerous mRNA bird flu genetic injection.
It'd be about $1.50 for each of us.
A whole $1.25 each! X 330,000,000
Hey it’s better than letting the government have it! 😆
Aren't there a couple of states that have issued gold-backed "dollars" that are literally just that? They have a thin layer of gold imprinted on the bill. Heard about it on the QuiteFrankly Podcast a few years ago.
Yes - Utah, Nevada, New Hampshire, Wyoming, and South Dakota issue them.
They have added a few more states, can’t remember which ones at the moment. I have some from 3 states and they are very attractive - value has gone up nicely in the 4 years since purchase.
My eldest son has been buying those. Would love to see one.
So, does a gold-backed dollar cost a dollar to buy?!
Does N. Dakota use the Valaurum?