The establishment broadcast their shock at the U.S./Russia meeting in Riyadh on Wednesday, with a New York Times headline that read: "U.S. and Russia Pursue Partnership in a Head-Spinning Shift in Relations."
In remarks from the Oval Office on February 13th, President Trump raised the possibility that the military budgets of the United States, along with those of Russia and China, might be cut in half.
Trump's Sovereign Wealth Fund—A Key to America's Prosperity
By combining Lyndon LaRouche's insights around the imperative to accelerate technological attrition with Trump's vision for a sovereign wealth fund, the U.S. will create a dynamic engine for unprecedented growth.
President Trump signs the Executive Order creating an American Sovereign Wealth Fund in the company of Treasury Secretary Bessent and Commerce Secretary Lutnick.
President Trump ordered the creation of an American Sovereign Wealth Fund (SWF) in an Executive Order issued February 3, 2025. The SWF will become a key catalyst of massive physical economic growth, along with his other main measures: tariffs, elimination of destructive regulation, and tax incentives for initiation or expansion of productive activities.
In a September 5, 2024 speech before the Economics Club of New York, then Presidential candidate Trump described the fund:
We will be so successful we'll create America's own sovereign wealth fund to invest in great national endeavors for the benefit of all of the American people. Why don't we have a wealth fund? Other countries have wealth funds. We have nothing. . . . We're going to have a sovereign wealth fund, or we can name it something different. . . . Perhaps sovereign wealth fund wouldn't be appropriate, but it's going to be the same thing. We'll put tremendous amounts of money through—all this money that will be taken in through tariffs and other intelligent things—and we'll have the greatest sovereign wealth fund of them all. And we should have. And that will be used to do things that will be great for our country, including to invest, and wisely invest and build it up bigger and stronger and better than any place on Earth. We will build extraordinary national development projects and everything from highways to airports to transportation infrastructure—all of the future. We'll be able to invest in state-of-the-art manufacturing hubs, advanced defense capabilities, cutting edge medical research, and help save billions of dollars in preventing disease in the first place.
President Trump's discussion of the Sovereign Wealth Fund begins at 53:00.
Treasury Secretary Bessent and Commerce Secretary Lutnick were ordered to come up with a plan for the fund within the next 90 days, and Secretary Bessent expressed confidence that it would be up and running within 12 months. Here, we outline several key points which should be part of the plan, if the fund is to become "all that it could be."
Currently, the nation's attention is focussed upon the excellent work of the Department of Government Efficiency (DOGE) in cutting out destructive, wasteful, or fraudulent operating expenditures of the federal government.
But actually lifting our economy and our people to the higher platform for which we aim requires massive investment in people, plant, and equipment. And while federal expenditures do include investments into many areas that lack expectation of immediate return on investment, there are many areas of economic activity which offer prospects of continuing returns into the future—i.e. the hydroelectric dams and power plants which have continued to produce power over many decades.
Monies used in building such dams and power plants should not be considered as part of "operating expenditures," but as part of the "capital budget" of the nation. Such monies can be exchanged for complete or partial ownership of the dam (equity) or for IOUs from the entity which will own the completed dam. In such situations, the SWF can function as a national bank; it can invest or loan money, while holding onto equity or IOUs as collateral.
To get a deeper understanding of the potential role of a Sovereign Wealth Fund in a growing economy, watch Lyndon LaRouche's class series, highlighted above. Here, we summarize some important points that reflect his insights on our current situation:
1. Lyndon LaRouche emphasized that the power of a society could be measured by the rate of improvement (or collapse) in its productivity and potential relative population density (PRPD). That is the measure of the number of people who could be sustained on a given platform of technology within a given area—adjusted for the quality of the land area measured. He further insisted that any society which failed to progress and increase its potential would inevitably collapse.
2. The deliberate sabotage of progress in recent decades is the cause of the stagnation and collapse in PRPD which we have suffered through. That economic collapse underlies all of the social ailments which have afflicted us.
3. The process of a new technology superseding an earlier technology on into infinity is the basis of human progress. This process is known as technological attrition.
4. The new SWF can make the investments (or loans) to finance the projects which will raise productivity, accelerate technological attrition, and increase PRPD the most.
5. Promethean Action regularly reports on the technologies and investment areas with the greatest potential to spur physical growth and nonlinearly lift productivity and prosperity to higher platforms. They include space colonization, fusion and fission power and propulsion, robotics, AI, and more.
First Treasury Secretary Alexander Hamilton created an economic revolution with his National Bank.
Historical Precedents
The creation of the National Bank in 1791 by America's first Treasury Secretary, Alexander Hamilton, demonstrated the power of such an institution to promote technological progress and build necessary infrastructure.
Almost 150 years later, the Reconstruction Finance Corporation (RFC), established in 1932, provided the credit to build much of the infrastructure we still use today, and to create completely new industries, like synthetic rubber and nuclear power.
Today, the possibilities are boundless.
Rebuild the USA: The Trump Presidency and Beyond
After all the years of campaigning, Americans have finally come to the agreement that we will Make America Great Again. But, how do we actually implement the intention, and with a minimum of mistakes along the way?
The SWF can gain capital and partner investors in many ways:
Monetizing federal assets: The U.S. government holds trillions of dollars worth of direct assets, including public lands and energy reserves. For example, Alaska’s Permanent Fund receives dividends from oil revenues.
Tariff revenues.
Foreign sovereign wealth funds (such as those of Norway or Saudi Arabia) could decide to invest in the American SWF.
Any nation with sustained trade surpluses with the United States (such as China or Japan) could invest surplus dollars into the fund.
Secretary Bessent is arranging to get IOUs from Ukraine—backed by Ukrainian rare earth and other resources—in exchange for the billions of dollars sent there. These IOUs will end up in the fund.
Public-private partnerships: The RFC’s model of co-investing with private entities could attract capital for projects.
As President Trump mentioned during the signing of the Executive Order, the United States government could end up owning 50% of TikTok operations in America. Such equity would end up in the SWF.
Credit creation. It should be noted that as long as new credit is invested in physical plant and equipment which will return far more than the amount invested, and as long as such procurement doesn't reach the extent of actually creating artificial shortages of equipment or labor, such "money printing" will not cause inflation, but actually lead to deflationary pressure on prices. In other words, credit creation must stay within the bounds of the equipment and labor available at the time.
By combining Lyndon LaRouche's insights around the imperative to accelerate technological attrition with Trump's vision for a sovereign wealth fund, the U.S. will create a dynamic engine for unprecedented growth. Strategic investments in technology, infrastructure, and education will not only increase potential relative population density but also maintain America's position as the global leader in innovation.
The establishment broadcast their shock at the U.S./Russia meeting in Riyadh on Wednesday, with a New York Times headline that read: "U.S. and Russia Pursue Partnership in a Head-Spinning Shift in Relations."
In remarks from the Oval Office on February 13th, President Trump raised the possibility that the military budgets of the United States, along with those of Russia and China, might be cut in half.
We dive deep into current events: peace negotiations in Ukraine and the Middle East, law school indoctrination, audits by Elon Musk, and upcoming Supreme Court cases.
EXECUTIVE ORDER
Bruce Director
