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#Trump signed an #ExecutiveOrder on Mon ordering the US #Treasury & #Commerce Depts to create a #SovereignWealthFund, says it could buy #TikTok
"We're going to stand this thing up within the next 12 months. We're going to monetize the asset side of the US balance sheet for the American people," Treasury Secy #ScottBessent told reporters. "There'll be a combination of liquid assets, assets that we have in this country as we work to bring them out for the American people."
https://www.reuters.com/markets/wealth/trump-signs-executive-order-create-sovereign-wealth-fund-2025-02-03/
@Nonilex right, for the American people...
@Nonilex And after that, ooo, ooo, I know, we could buy Twitter (currently known as X) for the American people, too.
more illegal shit
@Nonilex holy fucking shitballs. I want to hear screaming from every one of our elected representatives. They can use bull horns, bells, vuvuzelas, anything and everything to sound the alarm!
@Nonilex Maybe they are becoming socialists. The government owning the means of production. (I suspect not. But the irony is stomach churning) This is really a means to transfer public funds directly to specific billionaires without Congress voting on it. “Selling” worthless assets and getting good (for now) cash.
@Nonilex It's a slush fund without congressional oversight, that's all.
what is it called when the government owns the means of 'production'
ummmmmmm
i think that is what they accuse everyone else of doing, right?
*head desk8