This view of asset custody is uninformed, and it's designed to reinforce an ignorant worldview that would qualify as hate speech against any other group. The r

This view of asset custody is uninformed, and it's designed to reinforce an ignorant worldview that would qualify as hate speech against any other group. The reason these jurisdictions exist is because when you have pension funds that need to pay their members over a long horizon, you need to hold the assets in a place with a legal framework that has the incentives and protections to be able to make those payment guarantees. Sovereign wealth funds also need management, and you can't leave the money where some regime is going to loot the treasury to keep themselves in power instead of supporting the conditions that return growth. If your understanding of money is something that you just debase yourself and accumulate resentments for, and then compensate for it by indulging in small acts of malice and deprivation, consider what you are putting out into the world before you complain about what you (or "the people") are getting back.