Turn dollars into tangible assets to protect Alaska's future

Alaskans have about $40 billion invested in our Permanent Fund. Dollars invested in businesses and nations throughout the world. Most believe dollars are wealth. In the end, dollars are only a tool used to help the people, prosper. Our dollars, created by the private Federal Reserve Bank are accepted around the globe. They are backed, by nothing more than the “good faith and credit” of the American people.

 

One day, the people of the world will no longer accept our dollars, simply on “good faith and credit.” What happens to our Permanent Fund then? Do we actually own some tangible assets?

For decades now, Alaskans have begged our politicians to build an All-Alaska Gasline. Every election season we hear the politicians tickle our ears, for hope, of a gasline. After their election we see no public campaigning for an All-Alaska Gasline, by those we elect. Only defeated proposals and delays.

It is time for the people to rattle our shackles of containment. Dollars have no intrinsic value. We need to take some of our dollars, out of the Permanent Fund, and invest it into infrastructure projects. Real assets with value to all people of Alaska.

With the dollar’s loss, as the world’s reserve currency, will come the collapse of our Permanent Fund. Taking dollars and turning them into an asset like the All-Alaska Gas-line will protect our investments for future generations, regardless of what happens to the all-mighty dollar.

We know what the politicians will do, delay, delay, delay. Will we demand an All-Alaska Gasline as the previous generation did regarding our All-Alaska Oil line?

We must recognize, the true wealth of a nation is not in dollars, but our productive capacity as a people. Let’s turn some of our dollars into something of true value, a tangible asset we can sink our teeth into.

Ray Southwell

Nikiski

CONTACT US

  • Switchboard: 907-586-3740
  • Circulation and Delivery: 907-586-3740
  • Newsroom Fax: 907-586-9097
  • Business Fax: 907-586-9097
  • Accounts Receivable: 907-523-2230
  • View the Staff Directory
  • or Send feedback

ADVERTISING

SUBSCRIBER SERVICES

SOCIAL NETWORKING

 

More

Raise the ball pit minimum wage

Between Senate Bill 91, SB 54, and whate’er godless refuse the Senate shall curse our great state with next, one might start to wonder if... Read more

Net neutrality needed

U.S. Sen. Lisa Murkowski did the right thing when she voted recently to protect net neutrality; it is unfortunate U.S. Sen. Dan Sullivan did not.... Read more

Ambler Road is a zombie mega project, eating away at Alaska’s cash resources

A recent House Resources committee hearing on the 211-mile Ambler Road Proposal illustrates how prevalent knee-jerk development financing has become in this state, despite looming... Read more

Stop the HydroOne sale

Who gave Avista the option to sell America’s energy company to Canada’s HydroOne and why? Canada can later sell HydroOne to China or any country,... Read more