The Empire strikes back … another SWF
As the fashion of today is setting up SWFs (sovereign wealth funds) … to save the world … or better … to convert earned dollars into knowledge and influence …
HERE COMES SAUDI ARABIA …
Seemingly trying not to be too far behind its neighbors … Saudi Arabia will set up the BIGGEST SWF, I just will call it … the “MOTHER OF ALL SWFs”
It will even dwarf the new Chinese SWF, which started with 200bln$ … The so far biggest SWF is Abu Dhabi’s vehicle with around 800bln$.
SAUDI ARABIA WILL START(!!!) with around ONE TRILLION $$$$$$$$ … RESPECT!!!
Thanks to us all who made them rich by wasting energy and driving from gas station to gas station …
So … one more buyer of “undervalued” (to them) assets … the name of the game … get me out of my US Bonds and get me on board of knowledge, technology and influence … with one nice side effect … by doing so, the Dollar is not(!) further under pressure … they don’t have to sell the Dollars …
And … these guys will change the landscape … and put a big floor under the markets … BE AWARE!!!
Tags: China, Dollar, outlook, Saudi Arabia, SWF

