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Feb. 28, 2025 - The David Knight Show
20:31
"Sovereign Wealth Fund": The Great American Land Heist
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i'm back on february the third uh he had there in his office treasury secretary scott besant as well as secretary of commerce nominee at the time now he is a commerce secretary howard lucky Okay, so we talked about this at the time.
And we talked about the fact, okay, this is going to be a sovereign wealth fund.
Exactly what is this about?
We've seen this type of thing done there, where they had North Sea discovery of oil, and so it's like...
Well, what are we going to do with this?
Well, let's put it into a fund, and we will turn a certain percentage of it over to the public.
So we will use this for infrastructure.
We'll use it for other things.
So all the money that we make off of the royalties and licenses and stuff that we pay are paid by the people who are going to take this oil out.
Norway's fund is currently worth about $1.8 trillion U.S. Sovereign wealth funds are typically financed with surplus revenue from trade or from natural resource development.
Given that the United States is roughly $35-36 trillion in debt, so where's this money going to come from?
The Trump administration seems to be signaling that selling out and selling off the nation's public lands to the highest bidder might provide the necessary funding.
Does that sound like something Trump would do to you?
Mm-hmm.
Yeah.
Yeah.
It's very consistent with everything that he's working on.
Selling federal public lands would turn America's treasured places into a financial asset for the Trump administration without a need for surplus revenue.
And this is what people have said about the great taking.
They said, yeah, you know, we go into debt, and they say we've got to sell off America, sell off public lands and all the rest of this stuff.
To pay off that debt?
Well, this is how it might work.
And I agree with him.
And I think it's perfectly consistent, as I said before, with what he is doing with many things.
So, a sovereign wealth fund is often derived from a nation's natural resource revenues, or from budget surpluses, or from foreign currency reserves.
Well, that leaves us with the natural resources.
Trump's order charges the secretaries of the Treasury and Commerce Department with developing a plan for finding the money needed within 90 days of his signing.
You don't think they knew?
No, he knew what he was going to put in there, and so did they when they did it.
And that's why he's got people like Scott Besant and Lucky Lutnik.
These are people who are scam artists.
Scam artists.
Some of the most successful scam artists ever.
I mean, they're not in prison.
He didn't bring in Sam Bankman-Fried.
No, he brought in the guy who helped break the Bank of England.
And he's got Lucky Lutnik, who managed to survive 9-11 and become one of the biggest investors, creating things like these, a lot of different ETFs and scams, you know, where they do rug pulls on people with these crypto stuff.
And Tether and all the rest of these things that Lutnick has put together, these people are masters, masters at financial deception.
And so they said Trump's order charges the secretaries with developing a plan for finding the money needed within 90 days of the signing.
U.S. Treasury Secretary Scott Bessent explained where some of the money might come from.
He said, we are going to monetize the asset side of the U.S. balance sheet for the American people.
And we're going to put the assets to work.
Going to put the assets to work.
So what might this look like?
Sell off all these massive public lands.
Look, going back to the Bundy Ranch and the Bureau of Land Management.
That's what this is really about.
There used to be, just in the general vicinity of where the Bundy family ranch was, there used to be, I forget the exact number, it was over 50. I think it was 53 different ranches.
And he said, Between me and California, where I am, he said there were 53 ranchers out here.
They all had grazing rights.
They all had water rights and things like that.
And, I mean, they're out in the middle of the desert.
There wasn't much water, but they created water.
And then, of course, the desert tortoise thrived on all of that.
They said, actually, there was more desert tortoise.
The population of desert tortoise went up.
When the cattle were grazing out there, because they set up these water facilities for the cattle, and the tortoise would get moisture from the feces of the cattle and so forth.
So they were actually thriving, and that was one of the things that said, well, we've got to get you off of here and the cattle off of here because of the desert tortoise.
Meanwhile, the Bureau of Land Management killed a massive number.
A desert tortoise that they had pulled in.
They were going to help to preserve them.
They didn't have the budget or whatever, so they just euthanized a whole bunch of them.
But that's the way these people operate.
But the bottom line is they got rid of all of the ranchers except the Bundys, and they wanted to get rid of them.
Why?
Well, because they don't want to have any of these property rights that are real.
You know, the way the mainstream media would spin it when they say, well, Bundy thinks he owns that area.
No, he doesn't.
But he did own the grazing rights and the water rights, just like you've got miners in certain areas who own mining rights, and you have loggers who have logging rights, and all these things can be on the same piece of property, and yet they're pushing people off and have been doing this for decades because they want this land so they can do something with it, so they can sell it to a major corporation, a foreign corporation.
And it becomes a big issue when these other things are there.
For example, if you look at this Tonto National Forest in Arizona, there was an Australian company that they sold copper rights to.
And I was talking about this when all this was going on with the Bundy Ranch.
I don't know.
I haven't looked to see what's happened with that in the last 10 years.
But it created a lot of issues because...
It was, A, a park.
It was like a national park.
And it was also a historical site.
It was one of the last places where the Apaches made their stand.
And so it was a historical site.
It was a religious site for them.
It was a recreational site for a lot of other people.
And what they wanted to do was to turn it into a massive hole so they could get the copper.
Now, like I said, I don't know what happened to that.
There were fights that were going on with that.
But the bottom line is, that's what they had been doing to some degree in other places.
But I think that's the type of thing that Trump and Besant and Lutnik are looking at on a massive scale across this country.
How can they make a tremendous amount of money?
How can they use that to pay off the national debt?
And I see it as a program that they have been leading up to.
For decades.
Both Republicans and Democrats.
In the same way that they did this dark winter two months before 9-11, rolled out the Model State Health Emergency Powers Act two months after the anthrax attack that they staged.
And then they practice it for 20 years.
And it goes through Republicans and Democrats and all the rest of the stuff.
And they have all the foundation stuff there.
And then they pull in Trump.
And he kicks it off.
And the people who would have normally pushed back against this, let them have it.
I think the same thing is happening here with this great taking.
They've had Republicans and Democrats for decades have been preparing this.
They've been moving people off of the property, making it impossible.
The Bureau of Land Management, what they've been trying to manage is to get the people off the land in preparation of this.
And so when I look at this, it rings true.
And it also fits with his grand schemes where everything comes back to money.
Money, money, money.
You know, the theme song of The Apprentice.
I have never seen anyone who is so obviously in love with money.
I mean, even more so than Elon Musk.
Elon Musk doesn't publicly show his infatuation, his obsession, his addiction to money.
Nobody shows it better than Donald Trump.
One of the greediest people I have ever seen in history.
In history.
Everything to him is about money, you know, gilding his Mar-a-Lago place and all the rest of this.
And so this fits perfectly with what I think that he would do.
And it also fits perfectly with the great taking.
So they run us into a massive amount of debt.
And then the bankers, the treasury secretaries, and the Wall Street crooks like Lutnik.
They find a way to sell it all.
And guess what?
They're going to make a big commission off of this stuff.
If they've got a sovereign wealth fund, these guys will have inside information.
You think Nancy Pelosi is just going to be small time compared to these guys.
The kickbacks that they get just in the initiation of all this stuff.
So what exactly does all this mean?
Well, we've got another example of this.
You know, when Bessett says, We're going to monetize the asset side of the U.S. balance sheet for the American people.
We're going to put these assets to work.
Put them to work.
And let me just, before I leave the Bundy situation, as the Bundys were pointing out and correct about it, they said under the Constitution, the federal government is not supposed to own any land other than some forts and ports.
Doug Burgum, President Trump's Secretary of the Interior, the guy who was a billionaire in his own right, he was the governor of North Dakota until this, explained that the nation's parks and public lands and natural resources, including timber, fossil fuels, and minerals, are assets on the, quote, nation's balance sheet.
They're all speaking the same language.
They're all telling you what they're going to do.
Doug Burgum says they're the nation's balance sheet assets.
And Scott Bessent says we're going to put those assets to work.
For the American people, of course.
Yes, it's for you, not for me.
Burgum speculated in his confirmation hearing that the federal lands could be worth as much as $200 trillion.
And he is now the Secretary of the Interior.
So he also would be a key component to make this happen.
So he said the federal lands could be worth as much as $200 trillion.
He argued that the U.S. government should be run like a business, and it should know the value of the corporation's assets, and it should use those assets, quote, to get a return for the American people, unquote.
Under Trump's proposal, the value of public lands would be determined by their potential market value.
In order to grow a sovereign wealth fund.
And not by their value to hunters, or to fishermen, or to family ranchers, or to communities that rely on clean water and air, as well as jobs and income that come from natural resource development.
Even recreation and tourism jobs.
No, no, no.
We'll sell it to whoever and strip mine it for lithium or for copper or whatever.
Simply increasing the leasing of natural resources will not be enough to seed a sovereign wealth fund.
Leasing for oil and gas, timber, mining, and grazing brought in less than $17 billion in 2024. So they're leasing for all this stuff, all these people that have property rights.
And again, the property rights for some of these miners that they were trying to drive off of their...
Some of these property rights go back to the 1800s, mid-1800s.
A lot of these property rights and a lot of these people's homesteading goes back to before these areas were states.
And so this is necessary to get them off.
They're not making that much money from the leases.
But hey, if they could sell them to foreigners.
Who could do whatever they wish to.
That'd be worth a lot of money.
Maybe $200 trillion.
We could pay off that $35-36 trillion deficit.
We'd be heroes.
We'd owe no money at all.
And look at the money that Trump and his cronies could make off of this stuff.
Just a small percentage that they could divert.
Or insider trading.
Or greasing the skids for their pals.
Hundreds of billions or trillions of dollars, the Treasury Department may find that selling public lands to the highest bidder is the only way to raise that kind of money quickly.
Selling public lands has long been on the agenda of some Republicans in Congress, and many states have worked to undermine federal ownership of lands.
Now, see, this is coming from this liberal think tank, Podesta, and I would disagree with him.
I don't think that the federal government should own the land, but...
You know, it's like Doge, right?
There's unbelievable amounts, astronomical amounts of money, of fraud, and of waste, and of unconstitutional actions.
And so, yeah, shut down these things.
But they're not going to shut them down.
Instead, what they're going to do is repurpose them for their own use.
And that's the problem.
And then you have to ask, so what happens next?
You get rid of...
You fire...
Tens of thousands of IRS agents, and you replace them with artificial intelligence.
It's going to monitor and audit everything that we do.
It's going to be tied into our digital IDs and our digital cash and all the rest of this stuff to maximize governance instead of, as they minimize the government itself, they're going to maximize their governance over you.
So it matters how we address these problems, doesn't it?
I mean, we can look at this.
And I can say with the Republicans that I don't think that the government ought to be owning all of this land.
And the question is, so what do we do with it?
How do we get away from all of this?
And so, you know, the Podesta think tank is looking at it and saying, well, we just need to leave everything as it is, and we need to leave this, you know, don't touch any of this stuff, and let the government be the biggest landowner in America.
And I'm looking at it and saying, well, it's inevitable if the government is the biggest landowner in America, that based on the kind of government that we've got, it's just a matter of time before something like this or worse is going to happen.
Because they're not trustworthy.
When you look at countries like China, where the government basically owns everything, directly or indirectly, you have some of the worst pollution anywhere.
And so the government taking over stuff is not a panacea.
It doesn't make everything clean and wonderful.
This is the blindness of the left.
And then, of course, many of these people, Republicans in Congress, who say, we've got to get rid of federal ownership of land.
And they're right about that.
But they want to turn it over to some massive corporations who can do no wrong, they think.
There's another way that we can do this.
I'll talk about that in a second.
But just to what they've said, there's a lot of Republicans in Congress and a lot of states that have worked to undermine federal ownership of lands.
In Utah, the governor has asked the Supreme Court to rule that federal land ownership is unconstitutional.
It is unconstitutional.
It absolutely is.
No question about it.
It should be turned back to the states, and the states should find some way to divvy it up to Americans.
Americans.
Rather than selling us off to the highest bidder.
I mean, you know, there was this awful, awful movie.
I never watched it, but I'd seen a trailer for it called Americathon.
You know, it's like, we've got a big sale.
We're going to sell everything, right, to pay our bills in America.
And it is.
It's like a big telethon thing with Trump.
Everything is about a monetary hustle with him, isn't it?
So, the court declined to hear the case in January of this year.
So, the Utah government said, you know, this is, the federal government should not be owning the land.
Well, guess what?
The federal government says, no, we're not even going to listen to that.
We're going to continue to own the land.
The Republican Party platform includes selling federal lands for housing development.
Maybe the Freedom Cities, right?
Freedom Cities.
See, Trump has already talked about that.
The U.S. House of Representatives adopted new rules that free it from having to consider the value of public lands if they are sold.
So the Republican Party, especially with Trump, has already laid the foundation for this.
He says, well, we're going to take these public lands that we own, you know, like out west or something, and we're going to make freedom cities out of it.
Land sell-off and the privatization of public lands to this extent would deprive Americans and local economies of access to nature, to resources that sustain them.
So, even if you were to sell off some of this stuff, I think it should be done more along the lines of what they did in the UK when they privatized, I think it was under Thatcher when it happened, when they privatized British Telecom, they gave people shares in it.
That was, in a sense, kind of a sovereign wealth fund.
You know, instead of just selling it off to some Arab sheik or something in Saudi Arabia, who's got a lot of oil money, they gave shares of it to private citizens.
And that was essentially the idea behind Norway and their Sovereign Wealth Fund.
We saw that done in Alaska.
You know, in Alaska, the Alaska Fund for the oil and minerals and everything, they began that in 1976, passing the law.
When they first gave money out, it was six years later, 1982, and they gave all the Alaskan residents $1,000 each for the oil that was being taken out.
And in 2022, it was up to nearly $3,300 that each person got.
And the way they set that up is that 25% of state revenue from the oil and minerals will go into this fund, and it will be distributed to the citizens.
But I don't think that's what they're looking at here with this.
And if they are, the questions that the Center for American Progress, this Podesta-backed think tank, is looking at, they're saying, can you trust the government to honestly administer this?
That's right, boys and girls.
There's a post-election sale on silver and gold.
Trump euphoria has caused a dip in silver and gold.
It's time to buy some medals with fiat dollars before they come to their sense is.
Go to davidknight.gold to get in touch with the wise wolf himself, Tony Arterburn.
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