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Trump signs order creating first-ever
US sovereign wealth fund —and TikTok
could be its first purchase

Original Article

Posted By: Imright, 2/3/2025 4:16:11 PM

Washington— President Trump signed an executive order Monday to create a sovereign US wealth fund — saying that TikTok may become one of its first acquisitions. The world’s largest and wealthiest sovereign funds are owned by China and resource-rich countries like Norway and Middle Eastern emirates. It was not immediately specified how the US endowment — whose creation was first reported last month by The Post’s Charles Gasparino — would be capitalized, but Trump previously floated using tariff proceeds. It’s unclear if adding a stake in TikTok would require up-front investment, or if Beijing would offload it without charge to avoid looming 10% levies that Trump announced Friday.

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Reply 1 - Posted by: jasonB 2/3/2025 4:19:42 PM (No. 1888402)
Just. Shrink. The. Government. I don't see how this does this in any way, shape or form.
15 people like this.

Reply 2 - Posted by: Dreadnought 2/3/2025 4:56:43 PM (No. 1888453)
It would be massively "woke" without Trump overseeing it. The fund would be captive to the party in power. Example? Norway's sovereign wealth fund.
11 people like this.

Reply 3 - Posted by: kdog 2/3/2025 5:05:12 PM (No. 1888461)
This is unbelievable. Donald J Trump clearly spent his time off thinking about how to make America greater than its ever been. How has the greatest nation on earth NOT had a sovereign wealth fund to now? I'll tell you why. Too FN busy trying to bribe and extort leaders of countries who we could just as easily IGNORE, or at their implied request: VAPORIZE.
5 people like this.

Reply 4 - Posted by: Californian 2/3/2025 5:43:09 PM (No. 1888510)
Not a fan of this one. We don't need the government directly involved in picking winners and losers and putting their thumb on the scales. We've already had too much of that. Making it official will only make it worse. Just run the country and fire all the America hating woke DEI types and we'll be great.
18 people like this.

Reply 5 - Posted by: Strike3 2/4/2025 7:30:31 AM (No. 1888848)
It would work fine until 2028 then the communists/democrats have a shot at a pile of money and control of a personal database on millions of Americans. You know exactly how that will go.
12 people like this.

Reply 6 - Posted by: janjan 2/4/2025 8:43:02 AM (No. 1888926)
I’m totally against this. The Government should not be acquiring and managing any businesses, especially social media. This is socialism and begging for abuse. Trump might want to keep in mind that he is a 4 year President. The Democrats are salivating over the idea of getting their hands on TicTok.
5 people like this.

Reply 7 - Posted by: Ida Lou Pino 2/4/2025 9:13:58 AM (No. 1888949)
President Trump's worst possible idea. This is Communism 101. Put a stake through its heart - - while it's still in the crib.
7 people like this.

Reply 8 - Posted by: stablemoney 2/4/2025 10:17:12 AM (No. 1888998)
Trump continues to come up with new and great ideas. We have never had any from Republicans, and only ruinous ones from Democrats, where we pick up the tab for those that don't pay, or fund Democrats. A sovereign wealth fund represents self funding and expenditures by the Executive Branch, so we will have to see if it is constitutional, and what safe guards prevent Democrats using it for the green new deal, climate change, EV subsidies, etc. It might only be used to pay down debt, but even that is an inadequate safe guard, as the Democrats would only run up the debt for unconstitutional expenditures.
1 person likes this.

Reply 9 - Posted by: Zigrid 2/4/2025 10:38:41 AM (No. 1889012)
This one I'm not sure of...so I put it in the column...President Trump knows what's he's doing....
1 person likes this.

Reply 10 - Posted by: LC Chihuahua 2/4/2025 11:15:51 AM (No. 1889039)
I consider this as evidence that our government is short on revenue to pay for all its excessive spending. Has Trump really cut spending? He seems to be cutting spending in some areas but increasing it in others. Can't help but think we have a debt bomb that is slowly counting down. Seriously, we can't let it go off.
3 people like this.

Reply 11 - Posted by: Scribelus 2/4/2025 5:53:33 PM (No. 1889275)
How would such a fund differ from USAID? Easy pickin’s for Dirtycrats when in power.
0 people like this.

Reply 12 - Posted by: M Stuart 2/5/2025 12:01:52 AM (No. 1889528)
Yeah Fannie Mae and Freddie Mac were great. Stay out of these quasi-government pots of money.
0 people like this.

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