US President Donald Trump signed an executive order requiring the US Treasury and Commerce Departments to create a sovereign wealth fund and said it may purchase TikTok https://reut.rs/4jKtpLw
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Ok, what can we do? And don't say write your leadership. I do, daily, and I don't get a response and I don't see anything changing.
I'll keep writing, but.....
This administration creates a Dept of Govt Efficiency to identify savings to manage deficit. But actions all going in opposite direction, additional Billions for illegal inmigration plus flights Guantanamo and back. Now a funding for TikTok. That's the way he managed his businesses that went broke🤔
And fund it with what? Is the US govt going to float even more debt to buy TicTok? Do you trust the US govt with the personal data it can glean from your TikTok account?
A sovereign wealth fund? He *really* is big mad that congress holds the coin purse so he can't loot it without causing friction. Now he signed an executive order to create a SOVEREIGN wealth fund that the executive branch only has access to? This is some really big fascist stuff right here.
American traitors, DOGE domestic terrorists and neo nazi (kash Bobba, Edward Coristine, Luke Farritor, Gautier Cole Killian, Gavin Kliger, and Ethan Shaotran) #wired
Not to mention everyone's details from Twitter log in even if you've deleted the account. Let's face it, so many of us have been guilty of using the same details and password for a lot of sites because it's convenient.
Trump is terrorising US employees by telling them they are gonna be fired. Trump is terrorising telling them tariffs will be imposed. We have to stop this terrorist.
Republicans say we can't afford Social Security and Medicare which are funded by user taxes, but we're going to invest in a Trump controlled "slush fund"?
You need to look back to Nov 2017 to understand, specifically the purge in Saudi Arabia. A sovereign wealth fund was created then and it was filled with assets seized from corrupt officials.
Normally a sovereign wealth fund is created out of a government surplus for the benefit of the people such as providing the funds for universal health care. The United States is trillions of dollars in debt. And buying TicTok would have little or no benefit for the people. It's another con.
A sovereign wealth fund would mean that the government would own a formerly private company which essentially is a form of socialism, or in the case of Trump, National Socialism, also known by its more common name, Nazism.
Most important task to buy TikTok, a social media platform to influence dumbasses. Dump knows that dumbasses can be ruled most easily. Only thing he knows.
Now Elon can have access to funnel all the money to this fund and set up his Mars expedition for colonization. Yea! (Sarcasm) way to go MAGA and repubs.
Translated: Trump directs US taxpayer money to be diverted into government-controlled sovereign wealth fund to purchase Tik-Tok. And turn it into the equivalent of TASS.
Let's get this straight. A guy with a history of embarrassment from funds and charities, who is convicted of 32 felonies of business fraud, and definitely won't take taxpayer funds.
It will get lost … they will fuck it so bad .. it can’t be fixed.. Pres Musk and Don the Con have destroyed everything they touch… all of it… incompetent fuck twats…
You should be clearer that he has no authority to do this, that there is no money to do it with, and that it's all performative nonsense and complete fiction.
So I bet the 4 billion a day proposed savings from this going directly into this fund which will be solely controlled by Musk? A federally sponsored Ponzi scheme.
So all the money they are “cutting” for services that benefit tax payers is going to buy a state sponsored social media app!? That has investors!? So RICH PEOPLE once AGAIN are STEALING taxpayers MONEY!
Give the guy a break. He found new words to play around with to sound schnazzy and fresh. He's got the best words, remember? He may not know what they mean but you can bet he'll use em quite a bit in the coming weeks to "sound" presidential. Doesn't matter the legality anymore. ::: yes, sarcasm :::
This is the most irresponsible ridiculous dereliction of duty I have ever seen or heard of. This country needs milk and eggs, and national security, not a government that wants to imitate a private company. Trump and his government is out of touch with reality.
A U.S. sovereign wealth fund, without strict oversight and transparency, WILL become a tool for political corruption, cronyism, and the misuse of public assets for private gain. Without safeguards, it WILL be exploited to enrich Trump, undermine democracy, and compromise national interests.
If you're a creator on tiktok who is liberally minded this is a sign to get off of tiktok. government controlled apps in any format cannot mean anything positive.
What is Trump doing, we aren't Saudi Arabia? A Sovereign Funds is a likely scam here, lacks oversight and control by government agencies investing in private enterprises. Nationalizing TikTok by buying it with taxpayer dollars and getting a quid pro quo when turning over later to one of his buddies.
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He had to pay a cousin to take his tests in school.
He could not process information from briefings that were longer than 1 page the last time he was President, which was 8 years ago.
He is older & in much worse condition. He has no idea what any court order says.
Trump already planned to turn Voice of America into a propaganda station, but nobody was listening anyway.
#SovereignSlushFund to buy #TitKok
Migrate to YouTube shorts for your entertainment purposes.
Got it. Fuck him!
I'll keep writing, but.....
They want to use the US assets every citizen owns a part of to borrow against. Is bankruptcy in our future?
The CCP's already BOUGHT my data, completely scott-free and legal, from one of America's myriad data brokerages
Literally giving our money to China to collect even MORE personal data. I mean, Musk already has out SSNs and info.
Wake up America!
But I'm sure he's working on getting that done as well.
He's an imbecile.
Stop reporting his fantasies like they're real news.
can I have one day where I don't feel the need to say wtf?
NOT.POTUS
America is reaching a boiling point. Pick a side, journalists.
Why? No idea the logistic but it’s mainly for Elon to buy. We’re not getting the full story on TikTok..are we??
'Other People's Money'...
Trump is a lying, corrupt grifter
FASCIST TAKEOVER
OF THE UNITED STATES.
China is going to invest in the USA's infrastructure and network.
noun
1. a supreme ruler, especially a monarch.
See also -> https://bsky.app/profile/ronfilipkowski.bsky.social/post/3lhc5h4ivlk23
Oh wait they already tried this on Trump and failed...my bad.
The uniforms will blow you away.