President Trump has signed an executive order creating a United Sovereign Wealth Fund and Strategic Cryptocurrency Reserve. Sovereign Wealth Funds have been created in countries with surplus revenue, such as the oil-exporting Gulf states. The federal government is projected to incur deficits and accumulate debt for the foreseeable future. President Trump states that the Sovereign Wealth Fund will not be financed with debt or increased taxes, so the question is how will the Fund be financed? There are several scenarios, all of which pose problems for the Federal Reserve.
