On 16 June, the Government Pension Fund Global passed NOK 22,000 billion. That is NOK 4 million per inhabitant. When will the demand come for dividends to be paid to the owners – the Norwegian people?
The rise is due to gains on the stock markets, that is, Wall Street, where the indices have broken record after record. This is due to the market’s confidence in Donald Trump. The Norwegian media report only negative news about Trump. Norwegians must not be allowed to realise that the American economy is booming.
On Saturday, the value of the Government Pension Fund Global stood at NOK 22,464 billion. – It is an all-time high, Nordea investment director Robert Næss tells Nettavisen.
A flourishing stock market is the explanation. In Norway alone, we have seen an increase of 8.6 per cent so far this year, according to Næss.
– The Government Pension Fund Global has invested 70 per cent in equities, 28 per cent in fixed-income securities and 2 per cent in property, and we now see that the stock market, measured in local currency, is at an all-time high, he tells Nettavisen.
Ten years ago, the value of the Government Pension Fund Global was NOK 10 billion. The fund is therefore growing at a very rapid pace.
– NOK 22,464 billion divided by Norway’s 5.6 million inhabitants means an average of NOK 4 million for each and every one of us. That is quite something! Næss says. (NTB)
The question must be asked: Where is the money going? One charge follows another, and the authorities are becoming increasingly petty towards ordinary people.
At the same time, Norway is becoming increasingly dysfunctional. Vy is a scandal. Recently, train services between Oslo Central Station and Lillestrøm were suspended. People had to wait for hours. Everything was chaos. The same thing happens time and again. Something is fundamentally wrong with the management. The Accident Investigation Board recently concluded that the train accident at Nesvatnet on the Nordland Line could have been avoided. The management had been warned that the area was prone to landslides. Nevertheless, operations continued. A Danish father of a family died.
Nothing has consequences.
A visitor tells Document about a flight home from England when drones over Oslo Airport forced the aircraft to land in Stavanger at around 11 p.m. They were left standing on the tarmac for three hours, without food or drink and with the air conditioning switched off. They were not permitted to enter the transit area in their own country.
There is something about the mentality.
A young man was caught in a speed check. He was driving at 85 km/h in a 60 km/h zone. The inexorable loss of his driving licence for nine months. But that was not enough. He must retake both the theory test and the driving test.
Punishment. The State demonstrates its power over its citizens. But the State never bears the consequences of its own actions.
Trust is declining.
Just imagine if people were to draw the consequences of that!
