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Norway's Trillion Dollar Government Slush Fund
Rethinking Norway's Sovereign Wealth Fund and the Norges Bank's Maverick Speculation in Stocks and Bonds
The author is a professional Swiss and Canadian commercial and private banker, a university professor of accounting and finance emeritus, and a licensed CPA in the State of Washington. He has written extensively on issues of accounting, money and banking throughout his long career.
"Norway's Trillion Dollar Government Slush Fund, is a provocative title representing fairly the reality, "for words ought to be a little wild, for they are the assaults of thoughts on the unthinking." (John Maynard Keynes)
The book may help to wake up the Norwegian people, the Storting, and last not least the Government of Norway and its Minister(s) of Finance to rethink the purpose and market risks of the currently (October 2014) NOK 5.7 trillion Sovereign Wealth Fund, and who if anyone has the right to speak for the unborn children and grandchildren of future generations who are the proposed beneficiaries of the fund, if that fund's wealth is still intact when they are here.
The author's predictions - based on the fund manager's maverick style and misconceptions, the world's financial history, and his personal experience as a commercial & investment banker and public accountant - are that the fund will be flat, if not lost and worthless, in the rather near future. Arguments in support of the findings are made in the book, along with many charts and citations.
The final analysis suggests a liquidation and distribution of the Government Pension Fund Global, as Norway's sovereign wealth fund is known, and to bring the money home where it came from, tax-free of course, at least for those people of Norway who feel micro-mismanaged by their government and wish to take the management of their wealth into their own hands, according to their own plans and priorities that may consider the future of their children and grandchildren.
- Publication Date:
- 1503051390 / 9781503051393
- Page Count:
- Binding Type:
- US Trade Paper
- Trim Size:
- 7.5" x 9.25"
- Black and White
- Related Categories:
- Business & Economics / Investments & Securities / General