It Looks Like the Us Has a Sovereign Wealth Fund Now
Posted2 months agoActive2 months ago
bloomberg.comOtherstory
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Sovereign Wealth FundUs Economic PolicyIndustrial Strategy
Key topics
Sovereign Wealth Fund
Us Economic Policy
Industrial Strategy
The US appears to be establishing a sovereign wealth fund, sparking discussions about its implications for the country's economic strategy and industrial policy, with commenters weighing in on its potential effectiveness and motivations.
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- 01Story posted
Oct 22, 2025 at 3:12 PM EDT
2 months ago
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Oct 22, 2025 at 3:56 PM EDT
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Oct 23, 2025 at 2:50 PM EDT
2 months ago
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ID: 45673760Type: storyLast synced: 11/20/2025, 2:21:16 PM
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Too politicized, too corruption prone, too volatile, too personal. Questionable benefits for taxpayers, on taxpayers money. This isn't a videogame.
In general, I really dislike how much budget and power the executive in US has, it's scary, and unstable. One president sets some goals, then the following one undoes everything.
But that's a flaw of presidential republics in general, not US in particular. Kinda prefer systems like the British, German or Italian one, sure, governments last less, but you're one vote of confidence away from having to resign. Whereas this personification of power in a single person like in US/Russia/Hungary/etc without having to depend on votes and coalitions is a danger for democracy.
In this case, the question is going to be whether restarting tungsten production in Kazakhstan is a net defense win for the United States compared to investing in other countries like Canada, Australia, Bolivia, Spain, etc. or restarting mining in the United States. If it takes a while for that production to come online, or if China can disrupt something which is inside their sphere of influence, this deal doesn't help us nearly as much as it helps Cove Capital's investors.