tomder55
Feb 3, 2025, 12:48 PM
Today Trump signed an executive order to create a Sovereign Wealth Fund. (SWF) .
I have more study to do but I had always assumed that nations that have surpluses due to export revenue create them . The idea is to take those funds and invest them.
Countries with large debt have created them also for the purpose of attracting foreign investment .
Trump seems to like to play hardball with tariffs During the campaign he claimed a SWF could be partly financed with tariffs.
One thing I am certain of is what the Constitution says
Article 1 Section 8 clause 5
CONGRESS has the power to coin Money, regulate the Value thereof,
This is not a power granted to the President. At least I don't think so.
I have more study to do but I had always assumed that nations that have surpluses due to export revenue create them . The idea is to take those funds and invest them.
Countries with large debt have created them also for the purpose of attracting foreign investment .
Trump seems to like to play hardball with tariffs During the campaign he claimed a SWF could be partly financed with tariffs.
One thing I am certain of is what the Constitution says
Article 1 Section 8 clause 5
CONGRESS has the power to coin Money, regulate the Value thereof,
This is not a power granted to the President. At least I don't think so.