Video wird geladen...

Video konnte nicht geladen werden

Zur Startseite

Prime Minister Mark Carney announced today that Canada will get its first-ever sovereign wealth fund. But here is the question everyone should be asking. Where does the money come from? Because a sovereign wealth fund — by definition — is built from surplus. Money left over after the government...

DimitrisSoudas's profile picture

Dimitris Soudas 🇨🇦⚜️🇬🇷☦️ 13.12.1943

30,271 subscribers

27,831 Aufrufe • vor 3 Monaten •via X (Twitter)

LIVE

Anya Rossi• Live Now

Private livecam show

0 Kommentare

Keine Kommentare verfügbar

Kommentare vom Original-Post werden hier angezeigt

Ähnliche Videos

BREAKING: Carney just announced Canada's first "sovereign wealth fund." Called the "Canada Strong Fund." But here’s the reality of it: Every real sovereign wealth fund is built from surplus. Norway: oil profits. Abu Dhabi: oil profits. Singapore: trade surpluses. Canada's version? Built from borrowed money. We're running a $78 billion deficit. $1.2 trillion in debt. More than half of it accumulated in the last decade, under the Liberals & Carney’s advice A wealth fund requires wealth. We don't have wealth. We have the most debt Canadians have ever carried in history. THIS IS A SOVEREIGN DEBT FUND. PS. There’s a reason Norway didn't need to name their fund. Carney is excellent at rebranding debt.
1:42

BREAKING: Carney just announced Canada's first "sovereign wealth fund." Called the "Canada Strong Fund." But here’s the reality of it: Every real sovereign wealth fund is built from surplus. Norway: oil profits. Abu Dhabi: oil profits. Singapore: trade surpluses. Canada's version? Built from borrowed money. We're running a $78 billion deficit. $1.2 trillion in debt. More than half of it accumulated in the last decade, under the Liberals & Carney’s advice A wealth fund requires wealth. We don't have wealth. We have the most debt Canadians have ever carried in history. THIS IS A SOVEREIGN DEBT FUND. PS. There’s a reason Norway didn't need to name their fund. Carney is excellent at rebranding debt.

Mario Zelaya

101,768 Aufrufe • vor 3 Monaten

The Carney government is founding a sovereign wealth fund. It will fund "nation building projects". A $25 billion endowment. Canadians will be able to invest, similar to Victory Bonds. Canada is breaking dependence on the United States, and thinking independently again.
2:53

The Carney government is founding a sovereign wealth fund. It will fund "nation building projects". A $25 billion endowment. Canadians will be able to invest, similar to Victory Bonds. Canada is breaking dependence on the United States, and thinking independently again.

Riley Donovan

16,983 Aufrufe • vor 3 Monaten

Mark Carney leveraged our futures to borrow $25 billion to create his sovereign wealth fund and then asked over-taxed Canadians if they can spare the little bit of money we have left. I think we’re a month away from the government offering Canada Strong Reverse Mortgages.
0:34

Mark Carney leveraged our futures to borrow $25 billion to create his sovereign wealth fund and then asked over-taxed Canadians if they can spare the little bit of money we have left. I think we’re a month away from the government offering Canada Strong Reverse Mortgages.

Anti-Boomer

21,256 Aufrufe • vor 3 Monaten

Mark Carney announces a sovereign wealth fund: Canada Strong Fund. It seems like it will be opened for Canadians to invest in it as well. It's a good idea in general and many countries have a version of this. US under Donald Trump as well. I rather Canada take ownership stake in strategic projects than foreign countries. The problem is that Canada doesn't have "wealth" so the fund will be funded with more deficits, all while not getting rid of the red tape and rethoric that scares away private capital to begin with. If this fund's capital execution has any net zero based assumptions then it be highly inappropriate and your sign for what this is really about.
0:22

Mark Carney announces a sovereign wealth fund: Canada Strong Fund. It seems like it will be opened for Canadians to invest in it as well. It's a good idea in general and many countries have a version of this. US under Donald Trump as well. I rather Canada take ownership stake in strategic projects than foreign countries. The problem is that Canada doesn't have "wealth" so the fund will be funded with more deficits, all while not getting rid of the red tape and rethoric that scares away private capital to begin with. If this fund's capital execution has any net zero based assumptions then it be highly inappropriate and your sign for what this is really about.

Kirk Lubimov

19,428 Aufrufe • vor 3 Monaten

Bank of Canada Governor Tiff Macklem refuses to say how much it will cost to borrow the $25B sovereign wealth fund, Canada Strong Fund; "It's really a question for the government. The government announced the plan. The government is going to need a funding plan to go with that." Not impressed with this answer. Never mind that the bond rates are public, BoC is the fiscal agent that auctions the debt-bonds. He knows exactly what the range is and refuses to answer. Canadians deserve transparency & honesty. It's our money.
0:45

Bank of Canada Governor Tiff Macklem refuses to say how much it will cost to borrow the $25B sovereign wealth fund, Canada Strong Fund; "It's really a question for the government. The government announced the plan. The government is going to need a funding plan to go with that." Not impressed with this answer. Never mind that the bond rates are public, BoC is the fiscal agent that auctions the debt-bonds. He knows exactly what the range is and refuses to answer. Canadians deserve transparency & honesty. It's our money.

Kirk Lubimov

25,974 Aufrufe • vor 2 Monaten

BREAKING: Trump just signed it. The U.S. Sovereign Wealth Fund. By executive order. America is about to do what Norway. Saudi Arabia. Singapore. UAE have done for decades. Take national wealth. Invest it. Grow it. Forever. Norway's sovereign wealth fund: $1,700,000,000,000. America's: just getting started. - The U.S. government already said it will never sell its Bitcoin. - The U.S. Treasury Secretary calls Bitcoin a payment rail. - The U.S. SEC Chair says all markets will be on-chain within two years. Now a U.S. Sovereign Wealth Fund. What do you think they're going to put in it.
2:55

BREAKING: Trump just signed it. The U.S. Sovereign Wealth Fund. By executive order. America is about to do what Norway. Saudi Arabia. Singapore. UAE have done for decades. Take national wealth. Invest it. Grow it. Forever. Norway's sovereign wealth fund: $1,700,000,000,000. America's: just getting started. - The U.S. government already said it will never sell its Bitcoin. - The U.S. Treasury Secretary calls Bitcoin a payment rail. - The U.S. SEC Chair says all markets will be on-chain within two years. Now a U.S. Sovereign Wealth Fund. What do you think they're going to put in it.

Crypto Tice

1,358,940 Aufrufe • vor 2 Monaten

BREAKING: Trump just signed it. The U.S. Sovereign Wealth Fund. By executive order. America is about to do what Norway. Saudi Arabia. Singapore. UAE have done for decades. Take national wealth. Invest it. Grow it. Forever. Norway's sovereign wealth fund: $1,700,000,000,000. America's: just getting started. - The U.S. government already said it will never sell its Bitcoin. - The U.S. Treasury Secretary calls Bitcoin a payment rail. - The U.S. SEC Chair says all markets will be on-chain within two years. Now a U.S. Sovereign Wealth Fund. What do you think they're going to put in it. FOLLOW ME, THE NEXT DROP WILL BE SHOCKING. QWhite Hats
2:55

BREAKING: Trump just signed it. The U.S. Sovereign Wealth Fund. By executive order. America is about to do what Norway. Saudi Arabia. Singapore. UAE have done for decades. Take national wealth. Invest it. Grow it. Forever. Norway's sovereign wealth fund: $1,700,000,000,000. America's: just getting started. - The U.S. government already said it will never sell its Bitcoin. - The U.S. Treasury Secretary calls Bitcoin a payment rail. - The U.S. SEC Chair says all markets will be on-chain within two years. Now a U.S. Sovereign Wealth Fund. What do you think they're going to put in it. FOLLOW ME, THE NEXT DROP WILL BE SHOCKING. QWhite Hats

WWG1WGA🇺🇸♥️

535,411 Aufrufe • vor 1 Monat

Ahead of Kenya's Cabinet considering & approving the Sovereign Wealth & Infrastructure Funds today, we asked National Treasury CS why we are yet to see a Draft Bill for the Infrastructure Fund yet we have seen & even been invited to give comments on the Draft Sovereign Wealth Fund Bill. He says the government is working on modalities of setting the Infrastructure Fund without having to precede the same with a Bill. I am surprised by GOK going this route, considering the indicated enormity of this Fund. Possibly an amendment to the Privatisation Act '25 providing for the Fund? He says the plan is for proceeds of privatisation to be split between the Sovereign Wealth Fund & the National Infrastructure Fund in a 90:10 or 80:20 ratio starting 2026
4:29

Ahead of Kenya's Cabinet considering & approving the Sovereign Wealth & Infrastructure Funds today, we asked National Treasury CS why we are yet to see a Draft Bill for the Infrastructure Fund yet we have seen & even been invited to give comments on the Draft Sovereign Wealth Fund Bill. He says the government is working on modalities of setting the Infrastructure Fund without having to precede the same with a Bill. I am surprised by GOK going this route, considering the indicated enormity of this Fund. Possibly an amendment to the Privatisation Act '25 providing for the Fund? He says the plan is for proceeds of privatisation to be split between the Sovereign Wealth Fund & the National Infrastructure Fund in a 90:10 or 80:20 ratio starting 2026

Julians Amboko

123,197 Aufrufe • vor 7 Monaten

Sovereign Wealth Fund The Liberals spent close to a Trillion in Deficits If this were a company it would have gone bankrupt 100x over. Now they want you to invest in them Carney says we all own this fund, what he is saying is our KIDS KIDS will be paying for this for FOREVER
1:32

Sovereign Wealth Fund The Liberals spent close to a Trillion in Deficits If this were a company it would have gone bankrupt 100x over. Now they want you to invest in them Carney says we all own this fund, what he is saying is our KIDS KIDS will be paying for this for FOREVER

Marc Nixon

19,728 Aufrufe • vor 3 Monaten

The Liberals are out here hyping their shiny new “Canada Strong Fund” as the brilliant plan to “build the country and drive long-term growth.” Conservatives are asking the obvious question: **How are you paying for it?** Real sovereign wealth funds (like Norway’s) are built from **budget surpluses**. The Liberals want to create theirs by **borrowing even more money** and exploding the national debt. This isn’t investment. This is just another debt-fueled Liberal slush fund with a fancy new name. Canadians will be stuck paying the interest for decades while Carney and his globalist friends play with billions. Opportunity or risk? I call it reckless. What do you think? Drop it below 👇 #cdnpoli #CanadaStrongFund #LiberalDebt #Carney
2:21

The Liberals are out here hyping their shiny new “Canada Strong Fund” as the brilliant plan to “build the country and drive long-term growth.” Conservatives are asking the obvious question: **How are you paying for it?** Real sovereign wealth funds (like Norway’s) are built from **budget surpluses**. The Liberals want to create theirs by **borrowing even more money** and exploding the national debt. This isn’t investment. This is just another debt-fueled Liberal slush fund with a fancy new name. Canadians will be stuck paying the interest for decades while Carney and his globalist friends play with billions. Opportunity or risk? I call it reckless. What do you think? Drop it below 👇 #cdnpoli #CanadaStrongFund #LiberalDebt #Carney

JayGen 𝕏 er🇨🇦

10,081 Aufrufe • vor 3 Monaten

Controller of Budget has faulted the Sovereign Wealth Fund Bill (see quoted tweet) on a number of issues: · The Bill is silent on the relationship between the Sovereign Wealth Fund & the Consolidated Fund & therefore the Controller of Budget's Office has no oversight power of withdrawals from the Sovereign Wealth Fund. It presents a grave risk · Regarding the capitation of the Sovereign Wealth Fund, the Controller of Budget wants all proceeds to first be credited into the Consolidated & then be routed to the Sovereign Wealth Fund through Parliamentary appropriation. As it is, the Bill undermines Article 206 of the Constitution · The Sovereign Wealth Fund Board, as constituted in the Bill, is susceptible to executive capture & there is need to amend the Bill & provide for independence non-voting observation to mitigate this risk · The Bill is too broad on investment guard rails. There's need for a Statutory Investment Policy, reviewed once every 3 years, for the Fund that is approved by Parliament. There's also need for an independent advisory committee & performance benchmarking against publicly available targets · The Bill vests withdrawal from the Sovereign Wealth Fund on the Cabinet Secretary. This needs to change & be vested with Parliament & require express approval in writing from the Controller of Budget. There needs to be a Statutory Withdrawal Guide capping annual withdrawals as a proportion of the fund
6:17

Controller of Budget has faulted the Sovereign Wealth Fund Bill (see quoted tweet) on a number of issues: · The Bill is silent on the relationship between the Sovereign Wealth Fund & the Consolidated Fund & therefore the Controller of Budget's Office has no oversight power of withdrawals from the Sovereign Wealth Fund. It presents a grave risk · Regarding the capitation of the Sovereign Wealth Fund, the Controller of Budget wants all proceeds to first be credited into the Consolidated & then be routed to the Sovereign Wealth Fund through Parliamentary appropriation. As it is, the Bill undermines Article 206 of the Constitution · The Sovereign Wealth Fund Board, as constituted in the Bill, is susceptible to executive capture & there is need to amend the Bill & provide for independence non-voting observation to mitigate this risk · The Bill is too broad on investment guard rails. There's need for a Statutory Investment Policy, reviewed once every 3 years, for the Fund that is approved by Parliament. There's also need for an independent advisory committee & performance benchmarking against publicly available targets · The Bill vests withdrawal from the Sovereign Wealth Fund on the Cabinet Secretary. This needs to change & be vested with Parliament & require express approval in writing from the Controller of Budget. There needs to be a Statutory Withdrawal Guide capping annual withdrawals as a proportion of the fund

Julians Amboko

51,626 Aufrufe • vor 3 Monaten

Norway’s Sovereign Wealth Fund was built on the back of Norway’s Oil & Gas REVENUES. It’s now so big that it funds 25% of Norway’s national budget. It also holds so much wealth that every Norwegian can get US$385 000 at any moment. Zimbabwe is following suit. The Mutapa Investment Fund is Zimbabwe’s Sovereign Wealth Fund. It owns and manages natural resources & companies (parastatals/SOEs) on behalf of the people of Zimbabwe. President President of Zimbabwe IMPLEMENTED the concept of the Sovereign Wealth Fund after years of lying idle. The purpose of this fund is to create and preserve wealth for current and future generations. The fund will be able to invest in business ventures in Zimbabwe & even in foreign countries. Dr Mangudya, the CEO of the Mutapa Investment Fund, explains the significance of this fund.
1:28

Norway’s Sovereign Wealth Fund was built on the back of Norway’s Oil & Gas REVENUES. It’s now so big that it funds 25% of Norway’s national budget. It also holds so much wealth that every Norwegian can get US$385 000 at any moment. Zimbabwe is following suit. The Mutapa Investment Fund is Zimbabwe’s Sovereign Wealth Fund. It owns and manages natural resources & companies (parastatals/SOEs) on behalf of the people of Zimbabwe. President President of Zimbabwe IMPLEMENTED the concept of the Sovereign Wealth Fund after years of lying idle. The purpose of this fund is to create and preserve wealth for current and future generations. The fund will be able to invest in business ventures in Zimbabwe & even in foreign countries. Dr Mangudya, the CEO of the Mutapa Investment Fund, explains the significance of this fund.

𝑲𝒖𝒅𝒛𝒂𝒊 𝑴𝒖𝒕𝒊𝒔𝒊

18,333 Aufrufe • vor 5 Monaten

President Trump has done something that no other U.S. President has done before by setting up America's first sovereign wealth fund. This is something big oil nations like Norway, Saudi Arabia, Kuwait and several other countries have been doing for years, using their oil money smartly to invest in their future. Now, Trump's executive order takes the money from America's resources and puts it into a fund, rather than letting it vanish into the usual government spending. The aim? To grow national wealth, cut down on foreign debt, and keep financial control away from global powers. This move could be a game-changer for America's financial independence, though you won't hear much about it in the news.
0:50

President Trump has done something that no other U.S. President has done before by setting up America's first sovereign wealth fund. This is something big oil nations like Norway, Saudi Arabia, Kuwait and several other countries have been doing for years, using their oil money smartly to invest in their future. Now, Trump's executive order takes the money from America's resources and puts it into a fund, rather than letting it vanish into the usual government spending. The aim? To grow national wealth, cut down on foreign debt, and keep financial control away from global powers. This move could be a game-changer for America's financial independence, though you won't hear much about it in the news.

ꪻꫝể ꪻꫝể

54,873 Aufrufe • vor 1 Jahr

Reporter: You mentioned you saw in your interview the Iran deal, the details of it. What's your understanding of the 300 billion? Where is that money going to come from? And you also mentioned that Canada may have a role. Canada's Carney: To be clear, there's no Canadian money going in that. If you have money that's linked to, which is the case with this deal, conditions and the fulfillment of those conditions and being managed, sometimes you have third countries do that. Canada is, of course, willing to help if that's appropriate.
1:00

Reporter: You mentioned you saw in your interview the Iran deal, the details of it. What's your understanding of the 300 billion? Where is that money going to come from? And you also mentioned that Canada may have a role. Canada's Carney: To be clear, there's no Canadian money going in that. If you have money that's linked to, which is the case with this deal, conditions and the fulfillment of those conditions and being managed, sometimes you have third countries do that. Canada is, of course, willing to help if that's appropriate.

Clash Report

40,298 Aufrufe • vor 1 Monat

Ahead of Prime Minister Carney’s announcement today, Im going to give you the downside of this fund. He’s launching the $51 Billion "Strong Canada Fund." But here’s what they aren’t telling you: That’s YOUR taxpayer money being locked away in a state-owned "Sovereign" fund. This isn’t just about infrastructure; it’s about control. Under the new Building Canada Act (Bill C-5), Ottawa can now override provinces and ignore your property rights to build whatever they want, wherever they want, like the massive Alto High-Speed Rail corridor. Is this "nation-building," or is it the "You Will Own Nothing" agenda coming to life in Canada? It’s time to wake up.
2:46

Ahead of Prime Minister Carney’s announcement today, Im going to give you the downside of this fund. He’s launching the $51 Billion "Strong Canada Fund." But here’s what they aren’t telling you: That’s YOUR taxpayer money being locked away in a state-owned "Sovereign" fund. This isn’t just about infrastructure; it’s about control. Under the new Building Canada Act (Bill C-5), Ottawa can now override provinces and ignore your property rights to build whatever they want, wherever they want, like the massive Alto High-Speed Rail corridor. Is this "nation-building," or is it the "You Will Own Nothing" agenda coming to life in Canada? It’s time to wake up.

Unfiltered With Kels

50,330 Aufrufe • vor 3 Monaten

🚨 BREAKING: The Parliamentary Budget Officer has just confirmed the government’s fiscal plan is falling apart. The PBO says there is less than a 1% chance the government will achieve its own deficit target. Federal operating spending has been revised up to $142 billion. Economic growth continues to weaken. Canada is now in a recession. Yet, as the country’s finances deteriorate, the Finance Minister still refuses to disclose the cost of a sovereign wealth fund that would be financed with $25 billion in borrowed money. Canadians are being asked to take on more debt without being told the full price tag. Parliament cannot properly scrutinize a fiscal plan when key costs are being withheld. If this is a sound investment, why is the government refusing to show Canadians the bill? #cdnpoli
1:49

🚨 BREAKING: The Parliamentary Budget Officer has just confirmed the government’s fiscal plan is falling apart. The PBO says there is less than a 1% chance the government will achieve its own deficit target. Federal operating spending has been revised up to $142 billion. Economic growth continues to weaken. Canada is now in a recession. Yet, as the country’s finances deteriorate, the Finance Minister still refuses to disclose the cost of a sovereign wealth fund that would be financed with $25 billion in borrowed money. Canadians are being asked to take on more debt without being told the full price tag. Parliament cannot properly scrutinize a fiscal plan when key costs are being withheld. If this is a sound investment, why is the government refusing to show Canadians the bill? #cdnpoli

SandraCobena

20,831 Aufrufe • vor 1 Monat

The path forward is to attract capital back to Canada because it has abandoned Canada over the last decade. The pension plans in Canada and Canada's sovereign wealth don't invest in Canada anymore. Canada's not investable. You just can't get a deal done anymore and everybody knows that. So, unless C-69 is repealed, I think that will remain a problem. Why would anybody trust the government, the same government with C-69 still embedded and carbon taxes still there making the economy uncompetitive? Daniela Cambone-Taub
1:50

The path forward is to attract capital back to Canada because it has abandoned Canada over the last decade. The pension plans in Canada and Canada's sovereign wealth don't invest in Canada anymore. Canada's not investable. You just can't get a deal done anymore and everybody knows that. So, unless C-69 is repealed, I think that will remain a problem. Why would anybody trust the government, the same government with C-69 still embedded and carbon taxes still there making the economy uncompetitive? Daniela Cambone-Taub

Kevin O'Leary aka Mr. Wonderful

107,545 Aufrufe • vor 1 Jahr

The US will receive money collected from the Gordie Howe Bridge, prior to Canada recouping the full $6.4 billion it paid to build it, two senior government sources have told Global News. This is despite Mark Carney saying the US would get what was "left over" after Canada serviced debt on the bridge, which the Americans contributed $0 to. The two sources told Global News, the new 15 year agreement stipulates Canada will get 100% of the revenue from the bridge, cash that will be used to pay for things like snow removal and other maintenance costs but not for debt servicing. The money left over, will be split 50/50 with the Americans, who have agreed to put their cut, into an American controlled regional economic development fund. The original deal signed in 2012, said that Canada was to receive 100% of the money from the bridge, until they were made whole for fronting the entire cost of the crossing, a timeline that was estimated to stretch over 50+ years. Once the 15 year side deal is completed the Liberals say the original financial terms come back into force but they have not released the text of what they say is an "agreement in principle" to back up any claims up. On Thursday, Carney said that Canada is "not splitting the tolls of the bridge. It is an agreement for 15 years to split net revenues. Splitting of tolls, any sharing of the toll, won’t happen until all of the debt is repaid." While Carney is correct in saying Canada is not splitting tolls, the overwhelming major of the revenue from the Gordie Howe Bridge, comes from the tolls it collects, revenue Canada is set to share with the US. Both sources indicated it's expected bridge expenses will exceed revenue for at least the first six years, meaning neither side would get money during that period, but that timeline could fluctuate based on the amount of traffic on the bridge #cdnpoli
2:07

The US will receive money collected from the Gordie Howe Bridge, prior to Canada recouping the full $6.4 billion it paid to build it, two senior government sources have told Global News. This is despite Mark Carney saying the US would get what was "left over" after Canada serviced debt on the bridge, which the Americans contributed $0 to. The two sources told Global News, the new 15 year agreement stipulates Canada will get 100% of the revenue from the bridge, cash that will be used to pay for things like snow removal and other maintenance costs but not for debt servicing. The money left over, will be split 50/50 with the Americans, who have agreed to put their cut, into an American controlled regional economic development fund. The original deal signed in 2012, said that Canada was to receive 100% of the money from the bridge, until they were made whole for fronting the entire cost of the crossing, a timeline that was estimated to stretch over 50+ years. Once the 15 year side deal is completed the Liberals say the original financial terms come back into force but they have not released the text of what they say is an "agreement in principle" to back up any claims up. On Thursday, Carney said that Canada is "not splitting the tolls of the bridge. It is an agreement for 15 years to split net revenues. Splitting of tolls, any sharing of the toll, won’t happen until all of the debt is repaid." While Carney is correct in saying Canada is not splitting tolls, the overwhelming major of the revenue from the Gordie Howe Bridge, comes from the tolls it collects, revenue Canada is set to share with the US. Both sources indicated it's expected bridge expenses will exceed revenue for at least the first six years, meaning neither side would get money during that period, but that timeline could fluctuate based on the amount of traffic on the bridge #cdnpoli

Mackenzie Gray

211,415 Aufrufe • vor 12 Tagen

You Heard It Here First: Chamath Predicts US Sovereign Wealth Fund Template On E212 (Jan 24th), the besties discussed Donald J. Trump floating the idea of the US government owning 50% of TikTok in exchange for a permit to operate. Chamath Palihapitiya thought this could be a template for the future: "There's a question that this raises, which is, does it make sense for the American government to be a little bit smarter going forward about how it allocates incentives and resources?" "Wouldn't it make sense where when you create incredible economic incentives and upside for private investors and investment, for some portion of that gain to go back to the American people?" "Is that a bad thing? I don't think so." "Would it enrich America? I think so." "Would it make it easier for people to feel like they're participating in all of these incredible gains? I also think so." "My prediction is that this becomes more of a template for the future." "It'll be more about creating incentives and allocating those incentives for a share of the upside." "And I think that there is a really strong economic argument for America to do that." **Fast forward 10 days** Today, President Donald J. Trump, alongside Treasury Secretary Scott Bessent and Commerce Secretary Nominee Howard Lutnick, announced plans for a US Sovereign Wealth Fund! Trump: " We're going to have a sovereign wealth fund, which we've never had." Lutnick: "The extraordinary size and scale of the US government and the business it does with companies should create value for American citizens." Trump: "And as an example, TikTok, we're going to be doing something perhaps with TikTok, and perhaps not." "And we might put that in the sovereign wealth fund."
1:25

You Heard It Here First: Chamath Predicts US Sovereign Wealth Fund Template On E212 (Jan 24th), the besties discussed Donald J. Trump floating the idea of the US government owning 50% of TikTok in exchange for a permit to operate. Chamath Palihapitiya thought this could be a template for the future: "There's a question that this raises, which is, does it make sense for the American government to be a little bit smarter going forward about how it allocates incentives and resources?" "Wouldn't it make sense where when you create incredible economic incentives and upside for private investors and investment, for some portion of that gain to go back to the American people?" "Is that a bad thing? I don't think so." "Would it enrich America? I think so." "Would it make it easier for people to feel like they're participating in all of these incredible gains? I also think so." "My prediction is that this becomes more of a template for the future." "It'll be more about creating incentives and allocating those incentives for a share of the upside." "And I think that there is a really strong economic argument for America to do that." **Fast forward 10 days** Today, President Donald J. Trump, alongside Treasury Secretary Scott Bessent and Commerce Secretary Nominee Howard Lutnick, announced plans for a US Sovereign Wealth Fund! Trump: " We're going to have a sovereign wealth fund, which we've never had." Lutnick: "The extraordinary size and scale of the US government and the business it does with companies should create value for American citizens." Trump: "And as an example, TikTok, we're going to be doing something perhaps with TikTok, and perhaps not." "And we might put that in the sovereign wealth fund."

The All-In Podcast

355,207 Aufrufe • vor 1 Jahr