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I see there is an idea being floated by President Trump regarding a "sovereign wealth fund" wherein taxpayer monies, controlled by a federal government entity, would be used to buy interests in private business. Trump says maybe the SWF would invest in Tik Tok, and other companies. Someone help me make sense of this: what is this if not socialism, or direct government control of what ought to be a private sector interest. I don't like this idea.

Evidence in FBI hands shows Biden called Italian region president, lobbied French ambassador, and targeted sovereign wealth funds The world was on fire in February 2014, and Joe Biden was President Obama's point man for many of the crises. Russia had shocked the West by invading the Crimean region of Ukraine. Syria was engulfed in a bloody civil war with ISIS. And Iraq was rocked by a wave of terrorist bombings that killed more than 100 civilians. Hunter Biden, the vice president's son, and his colleagues at Rosemont Seneca Partners and related businesses found it the perfect time to conquer...

Losses by Gulf Funds may Reach $450b: Deutsche Bank Issac John 23 December 2008 DUBAI - Losses by Gulf sovereign funds in the global financial turmoil is expected to reach to $450 billion, which is equivalent to the region’s oil income for a whole year, a top executive of Deutsche Bank in the Middle East said. Henry Azzam, Deutsche Bank CEO for the MENA region, said the region’s sovereign wealth funds (SWFs) may not perform well in 2009 after poor 2008 results. According to recent estimates, the size of the combined GCC sovereign funds stood at well over $1.3 trillion,...

Soros: euro can't replace dollar Thursday April 17, 12:28 pm ET By Aoife White, AP Business Writer George Soros: Euro cannot replace dollar as world's reserve currency BRUSSELS, Belgium (AP) -- The euro cannot replace the U.S. dollar as the world's anchor currency, billionaire financier George Soros said Thursday, warning that investors are instead fleeing currencies to put their money into real assets. "I don't think that the euro can replace the dollar and a system with two major reserve currencies? Not a stable system," he told a Brussels event organized by the Centre for European Policy Studies think tank....

Sovereign wealth funds grow to $3,300bn By John Willman in London Published: March 30 2008 22:30 | Last updated: March 30 2008 22:30 Sovereign wealth funds grew 18 per cent last year as commodity prices surged and the foreign exchange reserves of some Asian countries continued to rise, according to research from a City of London think-tank. The funds now manage assets worth $3,300bn and will oversee more than $10,000bn of assets by 2015, estimates International Financial Services London, which promotes UK financial services round the world. The figures are published on Monday as bankers, regulators and sovereign wealth fund...

Investor Jim Rogers says Singapore to lose money on US banks Reuters - Wednesday, March 5 SINGAPORE, March 5 - Investment guru Jim Rogers believes that U.S. bank stocks could fall further and predicts that Singapore's state investors will lose money on their multi-billion dollar investments in Citigroup and Merrill Lynch. ADVERTISEMENT "I'm shorting investment banks on Wall Street," the long-time commodities bull told reporters on Wednesday at a launch event for ABN AMRO certificates linked to commodities. "It grieves me to see what Singapore is doing. They are going to lose money," he added, referring to investments by Government...

Buffett defends sovereign wealth funds By Francesco Guerrera and Justin Baer in New York Published: February 29 2008 23:10 | Last updated: March 1 2008 01:15 Warren Buffett has hit out at rising US opposition to investments by sovereign wealth funds, saying their recent buying spree was a function of misguided trade policies and not “some nefarious plot by foreign governments”. In his closely-watched annual letter to shareholders, the 77-year-old billionaire investor revealed he had chosen four unnamed candidates to replace him as chief investment officer of Berkshire Hathaway, his conglomerate, when he dies or steps down. Berkshire has a...

US Treasury cautions China over sovereign wealth fund by P. Parameswaran Thu Feb 7, 5:31 PM ET The US Treasury cautioned China Thursday against using profits derived from its cash-flush sovereign investment fund to delay currency reform, as the fund's maneuvers came under Congressional scrutiny. The China Investment Corporation Ltd. (CIC), launched in September with 200 billion dollars capital, wants to boost investment returns on China's massive foreign reserves and manage reform of domestic financial institutions. "China should not use the earnings of its sovereign wealth fund to delay the continued increase in the flexibility of China's currency," US Treasury's...

Queen sells landmark to Dubai fund By Daniel Thomas Wed Feb 6, 8:15 PM ET Sovereign wealth funds from the Middle East are benefiting from the sovereign's wealth - by buying a landmark West End building from the Crown Estate. On Wednesday, a consortium backed by Istithmar, the property arm of the Dubai government, paid £130m ($255m) for the 130-year-old Metropole building in London which was part of the Queen's property portfolio. The sale is the latest signal of the forces now driving the capital's property market - no longer the "old money" of the aristocratic estates but the newer...

Copy China and invest abroad, says Medvedev By Catherine Belton in Moscow Published: January 31 2008 19:19 | Last updated: January 31 2008 19:19 Dmitry Medvedev, Russia’s most likely next president, called on Russian business people on Thursday to copy China and go on a global buying spree of foreign companies to bolster the economy and cut dependence on technology from abroad. In his first speech to Russian big business since being named by Vladimir Putin as his preferred successor, Mr Medvedev pledged Kremlin support for companies seeking assets abroad. “This is a very important task. The majority of powerful...

The Iraq war has probably killed the idea of using U.S. troops to intervene in the name of Mr. Bush's "world democratic revolution." The Middle American revolt that killed amnesty for the 12 million illegal aliens has buried the idea of open-borders immigration. Come now the SWFs, which may bring an end to America's folly in her unthinking embrace of global free trade. What are SWFs? They are Sovereign Wealth Funds – huge capital funds controlled by regimes that are the big new boys on the block in the world of global finance. How are SWFs created? Primarily from the...

I received this in an email and thought some of you might get a kick out of it, (I did). Mc

I'm here in South Dakota with a tight race between John Thune(R) and Tim Johnson(D). I think I could reach quite a few undecideds and RINOs who may be voting for Johnson. I want to write a flash movie (swf) that could be circulated and maybe swing even one vote. Most of SD is embarrassed of Daschle, but he's got a lot of the "Geritol for Lunch Bunch" scared about the wascally wepubricans. I would appreciate any ideas of how to best illustrate the need for Republicans to vote Republican. Ya know, "Come home". I think the Torch-Daschle connection has...