Norwegian Sovereign Wealth Fund Could CRASH! - What This Means For The World
In this video, I talk with author and economic analyst John Sneisen @TheEconomicTruth about the most recent losses at the Norwegian Wealth Fund.
We last reported on the fund last year as we saw a vast level of euphoria and the clear signs of a bubble growing on a great scale.
Well now Norway's 1 trillion dollar piggy bank, the world's biggest sovereign wealth fund announced that it just reported its first quarterly loss in two years as it dealt with a global selloff in equities in the first three months of the year.
The fund's CEO Yngve Slyngstad says,
"The most important expression of risk in the fund is that the strategic equity share is set to 70 percent. This means that fluctuations in the fund’s value are predominantly determined by the development in global stock markets.”
Well over all, the global stock market going forward does not look good over all. That's a whole other bubble, but of course it's a domino fall.
The global pension fund in Norway booked negative returns of 1.5 percent for the first quarter of the year, or a loss of US$15.1 billion (171 billion kroner).
Their stock return was negative 2.2%.
The fund held $75 billion in U.S. Treasuries at the end of the first quarter, $22 billion in Japanese government bonds and $14 billion in Germany’s debt. Its bond position fell 0.37% in the quarter.
This news comes a month after the fund warned that it could lose US$420 billion from its value, or 40% this year alone if the market crashes and the Norwegian Krone strengthens.
Now, the Norwegian Sovereign Wealth Fund controls close to 1.5% of global stocks. They are a massive player in global markets and for them to go down is to cause everything else to go down and vice versa. The power they wield cannot be understated.
As always this goes back to why we need to be self sustainable, financially responsible and independent. We must take it upon ourselves to reject the debt that consumes us and insure our wealth for the future.
See the FULL video report here:
Stay tuned for more from WAM! Don't forget to Upvote & Follow!
If you like what I do, you can donate to my Bitcoin, Litecoin or EOS addresses below! :)
Bitcoin:
Litecoin:
EOS:
Betting on debt may not be such a wise move for the Norwegians.
I wonder how long before these sovereign wealth funds start getting into crypto. Maybe once market caps of bitcoin and ethereum go into the trillions?
Great. Resteemed
i'm pretty sure the wealth fund would have done a analysis for the potential loss.
a very nice explanation my friend likes with your post
this is one of the reason a few years a go the starter to invest in a lot of property
just to make it more stabel. its funny Norway owner
a lot of downtown London.
@joshsigurdson I don't have a major in economics but that doesn't sound good! I saw your interview about wells fargo and adam. Keep up the good interiews!
So NORWAY 🇳🇴 has been living ‘La Vida Loca” for a long time hum ❓ Thanks for letting me know . I try to keep track of all these countries in trouble so I know who not to take money from . But realistically I’m moving towards only excepting GOLD & SILVER coin now . Fiat money has just made me too nervous 😬 . Thanks fellas 👏👍✌️♥️👊🏻
wow