Read e-book online Norway’s Trillion Dollar Government Slush Fund: Rethinking PDF

By Michael Schemmann

the writer is a certified Swiss and Canadian advertisement and personal banker, a school professor of accounting and finance emeritus, and an authorized CPA within the country of Washington. He has written commonly on problems with accounting, funds and banking all through his lengthy career.

"Norway's Trillion greenback executive Slush Fund, is a provocative name representing rather the truth, "for phrases needs to be a bit wild, for they're the attacks of techniques at the unthinking." (John Maynard Keynes)

The ebook can help to get up the Norwegian humans, the Storting, and final no longer least the govt. of Norway and its Minister(s) of Finance to reconsider the aim and industry hazards of the presently (October 2014) NOK 5.7 trillion Sovereign Wealth Fund, and who if a person has definitely the right to talk for the unborn young ones and grandchildren of destiny generations who're the proposed beneficiaries of the fund, if that fund's wealth continues to be intact once they are right here.

The author’s predictions — in line with the fund manager’s maverick variety and misconceptions, the world's monetary heritage, and his own event as a advertisement & funding banker and public accountant — are that the fund might be flat, if no longer misplaced and valueless, within the really close to destiny. Arguments in aid of the findings are made within the ebook, besides many charts and citations.

The base line indicates a liquidation and distribution of the govt Pension Fund international, as Norway’s sovereign wealth fund is understood, and to deliver the money domestic the place it got here from, tax-free after all, at the least for these humans of Norway who consider micro-mismanaged via their govt and want to take the administration in their wealth into their very own arms, in keeping with their very own plans and priorities which can ponder the way forward for their little ones and grandchildren.

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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 by Michael Schemmann


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