I will try to simplify the perm fund.
It is our state savings account owned by the people of the state of Alaska. It was set up by some very forward thinking individuals.
We have put aside some of the windfall profits that this state enjoyed for decades.
The last liberal administration pilfered this money instead of cutting state expenses due of lack of cash flow.
The fund should, in my opinion buy every share of NAK and takeover this behemoth deposit of gold.
Side note is that all the ore should be shipped to Canada for processing. One hell of a lot of jobs just for that.
We do it with crude oil now, shipping it to California.
I also think all the gas being flared in the oil fields needs to be turned into the next source of energy and cash flow, Electricity.
The fund would rise exponentially with the appreciation of price of NAK due to the opening of this mine.
I think the lobbyist and anyone accepting there bribes need to be arrested for corrupting our elected representatives.
We vote for them and they bow to the oil lobby.
You can't have your gas, The electric automobile will destroy the oil industry.
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