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Utopia Talk / Politics / The Norwegian oil fund
jergul
large member
Sat Apr 06 18:18:01
I have decided to not only take personal pride in the oil fund, but also take personal responsibility for its success.

Since this forum has taught me that everything is about identity politics.

I self-identify as the oil fund.

Anywho.

9 056 000 000 000 Nkr current value. Or 2 million Norwegian kroner per capita.

It also works out to ownership in 1.4% of all public stocks globally. Not quite global domination, but its a start.

http://www.nbim.no/en/
Im better then you
2012 UP Football Champ
Sat Apr 06 18:45:00
Just as long as you remember my tax dollars paid for your oil fund hence your higher standard of living.
Average Ameriacn
Member
Sat Apr 06 19:23:48
You could invest in the border wall.
Pillz
Member
Sun Apr 07 00:11:58
I guess we should sanction Norway and confiscate that
The Children
Member
Sun Apr 07 00:18:19
when can u cash in man. i mean thats a great way 2 live.
2 mill upon retirement. thats what life is supposed 2 be man.
jergul
large member
Sun Apr 07 06:19:27
IBTY
An oil fund is actually built by deferring higher standards of living. Also, I think we will just allocate your taxes to Government spending in your country. Given the deficit situation and all that, I think it best not to pretend your taxes are going to anything other than that.

Pillz
Why not? Property is theft after all in the eyes of your president and legislatures.
jergul
large member
Sun Apr 07 06:20:34
TC
It is a pension fund, so ultimately the cash-in is through higher pensions than would otherwise be possible.
Hrothgar
Member
Mon Apr 08 16:37:39
I like your style.
Rugian
Member
Mon Apr 08 17:37:37
jergul,

I'm not sure if this thread is a dig at me, but if it is then you're off the mark. I am about the last person to criticize someone for having patriotic pride in one's country.

Now, $1 trillion of assets doesn't really seem like something to really brag about to me. But hey, maybe that's because I come from a country whose GDP can actually be measured in trillions.

And a cumulative 5.5% annualized return since 1998 is nothing to sneeze at. Of course, CALPERS is averaging 6.1% over the last twenty years and the AFP is at 8.9% since inception, but hey, we can't all be at the top of our field.

Anyway, Norway's North African migrant community thanks you for ruthlessly exploiting an environmentally-destructive fossil fuel in order to secure their future. شكرا لك ، كافر
Rugian
Member
Mon Apr 08 18:08:00
"“One day the oil will run out, but the return on the fund will continue to benefit the Norwegian population,” said Norge Bank Investment Management, which manages the GPFG"

http://www...-boost-offshore-wind_54166.htm

That really says it all, doesn't it. Outside of a 3% real return per annum, what exactly does Norway have going for it in the future?
jergul
large member
Mon Apr 08 19:35:42
Ruggy
What beyond an endless supply of energy, clean water, and good ROI could you possibly need?
The Children
Member
Tue Apr 09 01:21:32
so when will u get the first payment.

is there a payment or not. coz it sounds kinda worthless if u dunt get paid.

jergul
large member
Tue Apr 09 02:29:55
TC
The first indirect payment would be between 61 and 74. Depends on when you retire. Otherwise, 2.7% of it goes into the Government budget. Cashout then is any time you use a subsidised service (daycare costs 500 dollars a month, University 100 dollars a semester, medical treatment 60 dollars with a cap at 500 dollars a year etc etc).
jergul
large member
Tue Apr 09 02:39:50
Ruggy
"Now, $1 trillion of assets doesn't really seem like something to really brag about to me."

Well, yah. It took us decades to save up what your president can piss away in a single budget proposal (the deficit proposal is almost exactly 1 trillion, is it not?).

I can sympathize with you thinking trillion is the new million (it would have to be the 6 trillion dollar man in any remake, don't you reckon?).

Pillz
Member
Tue Apr 09 09:08:12
"Anyway, Norway's North African migrant community thanks you for ruthlessly exploiting an environmentally-destructive fossil fuel in order to secure their future. شكرا لك ، كافر"

Lmao.

Jergul honestly like this idea.

Bunch of filthy white genocide commies
jergul
large member
Tue Apr 09 10:10:23
Pillz
Norway's oil and gas production as a fraction of the US: small.

US becomes minority white: 2045
Norway becomes minority white: Never

I think you are projecting, bro.

I get it. It must be hurtful in so many ways that our revenue benefits the public and is not channeled into the pockets of private investors.

Or into the pockets of large institutional investors like, say,

Sovereign funds :D
Pillz
Member
Tue Apr 09 11:24:33
"
US becomes minority white: 2045"

He says, cheering on the millions of Mexican shits crossing the boarder
jergul
large member
Tue Apr 09 14:24:23
Skadefryd er den eneste sanne gleden :D
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