Norway Shows Us How Good It Could Be
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We’re going to play a little game of what if social security. What if it was a story I saw today that got me thinking about this was talking about the sovereign wealth fund for Norway. The sovereign wealth fund for Norway reported the first quarter profit of 110 billion dollars. This government pension fund.
that they put the world’s largest sovereign wealth fund, massive, massive. And this is something that started in the 1990s. And it’s, again, you think about it, the world’s largest, largest sovereign wealth fund. So I get to thinking, what if here, imagine, go look, you would take a look at Social Security Administration, you can look at…
the money that they’ve collected over the years and the surplus dollars that have come in over the years. What if, what if all of those surplus dollars when social security ran a surplus, only 11 years in its history did they not run a surplus. What if that money was invested? I mean, invested, not bonds, okay? Not lending money back to the government. What if it was invested in,
Tech stocks, Nvidia, app, I mean, go right on down the list because the Norwegian sovereign wealth fund does that. Do you have any idea, any idea the type of money that would be available? We don’t even have to discuss social security at this point in time. And the funny thing is you take a look, you take a look at these sovereign wealth funds, Norway being the largest, but any countries in the Middle East have them as well.
Where do you think they’re investing? Right here. Any irony of that, that these countries have these massive amounts of money set aside for their citizens by investing? They don’t just invest in the United States, but let’s be honest, primarily in our industries and our companies here. Why wouldn’t we do the exact same thing? No, I’ll tell you why. Well, the government likes to, you know, again,
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They want the money to spend on other crap. We blow it. We blow it. All that surplus cash again, lend it to the government, buy a bond, government spends the money elsewhere. What if, just think about it, what if we actually invested those surplus dollars? How much money would we have right now? Watchdog on wallstreet .com.