CaptUSA
Member
- Joined
- May 17, 2011
- Messages
- 18,114
https://www.msn.com/en-us/money/markets/trump-is-creating-a-u-s-sovereign-wealth-fund-what-that-means/ar-AA1ylT9h?ocid=BingNewsSerp
To be honest, I'm not sure of the implications of this financial tool. I've never seen it implemented.
Any Austrians in here want to take a crack at this one?? What does he mean by "monetizing the balance sheet"???
President Donald Trump on Monday ordered the Treasury and Commerce Departments to create a U.S. sovereign-wealth fund—a first for the nation.
In an Oval Office signing ceremony, Treasury Secretary Scott Bessent said a sovereign-wealth fund would allow the government “to monetize the U.S. balance sheet for the American people. We’re going to put the assets to work.”
To be honest, I'm not sure of the implications of this financial tool. I've never seen it implemented.
Any Austrians in here want to take a crack at this one?? What does he mean by "monetizing the balance sheet"???