Friday, January 31, 2014

Norwegians are all Millionaires!

 All Norwegians became millionaires from the savvy thinking of Norway's government. They started saving in a fund called Government Pension Fund - Global , and only withdrew 4% from it every year. The amount they have saved up is roughly  $828.66 billion in American currency. Now deciding to give it to the Norwegians, dividing the money up equally between all 5,096,300 citizens, each person is suddenly a millionaire!
 Government Pension Fund - Global invested in oil exporting and 1% of the world's trade, so by saving up since 1969 it has acquired a lot of money since then. The Norwegians are paper millionaires because they will each get about 1 million dollars in cash. I believe that the United States does not have a fund like that because there are a lot of Americans, and any money we have saved goes toward the deficit.
Norwegian Currency Royalty Free Stock Photo - Image: 25323535


  • Ben accumulated more than 60 baseball cards over the past 5 months
  • Pedro was astute in his quick come backs when his sister picked on him.
  • The clamoring noise of pots and pans outside her bedroom window notified her that it was midnight.
  • "The dividend always goes on top class," Mrs. Dawson said to her half-asleep students.
  • My friend has Nordic heritage in her family.
  • Norwegians are citizens of Norway.
  • Mrs. Debolt has tech savvy that allows her to fix most computer problems that students have.
  • Mr.Hudson has squandered all his money gambling.