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Trump Signs Executive Order to Create U.S. Sovereign Wealth Fund, Eyes TikTok Purchase

image Sovereign Wealth Fund September 9 2024 1 700x400 3622491162

the staff of the Ridgewood blog

Washington DC, President Donald Trump has signed an executive order to establish a U.S. sovereign wealth fund, aiming to drive economic development, infrastructure expansion, and global influence. The fund, which could also be used to acquire TikTok, is part of a broader strategy to monetize U.S. assets and reduce reliance on Treasury debt.

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