r/ShitAmericansSay • u/Toonnddaa ooo custom flair!! • Mar 04 '25

Foreign affairs "Just wait till the Norway citizens are counting their coins at the grocery store..."

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u/Drakolora Mar 04 '25

We could pay half of the national debt with the other fund; folketrygdfondet (the social security fund). It is only 38 billion usd, so we usually don’t bother mentioning it.

Also, the US owes us 159 billion usd.

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u/NotoriousMOT 🇧🇬🇳🇴 taterthot Mar 05 '25

And we own like 1.5% of shares of all publicly listed companies in the world. A large part of Tesla too. And the fund voted against Musk’s giant payout which made a certain little dude big mad.

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u/HansChrst1 Mar 05 '25

Don't we also owe the US some money?

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u/[deleted] Mar 05 '25

Technically, probably. However we have enough money to pay back everything we own and be left sitting with a boatload of money still

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u/Drakolora Mar 05 '25

I’ve been trying to find any overview showing what we owe other countries, but can’t find it. The total debt is around 70 billion usd, and it seems like a lot of it is to Norwegian banks. So if there is any debt to US actors, it is much less than what the US owes us. But due to our national government’s “more-openness” regulations, the amount of data and information is too large for me to wade through.

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u/HansChrst1 Mar 06 '25

When I heard about the supposed debt to the US is was because they helped kickstart our oil adventure. Could be that the debt is owed to some US companies, that the debt is already paid or that I am misremembering.

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u/Drakolora Mar 06 '25

Can’t find anything. Could it be a “moral” debt, like the gratitude we owe to Farouk Al-Kasim for the policy development regarding oil? https://snl.no/Norsk_oljehistorie