Donald’s trillion dollar investment furphy. What’s the scam?
The White House’s press release this week made clear the Australian super funds’ “promise” to “increase investment in the United States to $1.44 trillion by 2035.” What is fraud?
The fraud is that no such commitment has been made and the Australian Government has failed to make such a commitment. This is just a guess, an extrapolation of current trends.
However, it is recorded that Ambassador Rudd also forwarded the same numbers to US Interior Secretary Doug Burgum. (By the way, he also holds the title of Chairman of the Board of Directors) National Energy Domination Councilanother Trumpian agency.)
Australian super funds are fueling economic growth in the US. It’s great to chat about our big future investments, @SecretaryBurgum. pic.twitter.com/dh7HQFVECi
— Kevin Rudd AC (@AmboRudd) 22 October 2025
Putting this “promise” into perspective. Australian super funds currently have approx. $517 billion invested in U.S. stocks and bonds; this accounts for approximately 20% of the fund’s total investments. Due to the fact that it is the world’s largest capital market, the US is currently the largest buyer of Australian funds invested abroad. So far.
Using an average rate of return of 7% for super funds, $517B would need to double to nearly a trillion by 2035. That’s around $500 Billion in growth, still a long way from the claimed one trillion growth, but hey, what’s half a billion to Trump and his press corps…
This is a moot point anyway, as the press release (and Rudd) remains an empty vision of what measures Australia will take to achieve this lofty “promise”.
MWM He posed a question to the Prime Ministry and asked what was behind the statement. We wait for their answers with bated breath.
It is unconvincing to think that the government, closely tied to industry super funds, would instruct super funds to further ‘increase’ their asset allocations to US stocks and bonds or private equity and unlisted assets.
As for the claim that “this unprecedented investment will create tens of thousands of new, high-paying jobs for Americans”… that is hard to prove. Meanwhile, we are waiting for an explanation of where the extra $500 billion comes from.
‘There is no pact or treaty begging the King. What is fraud?
Kim Wingerei is a businessman turned author and commentator. He is passionate about freedom of expression, human rights, democracy and the politics of change. Originally from Norway, Kim has lived in Australia for 30 years. Author of ‘Why Democracy is Broken – A Blueprint for Change’.
