Apple Inc is now richer than the US federal government

The Monkey · 07-29-2011, 03:50 PM

Quote:

Apple now has more cash to spend than the United States government.

Latest figures from the US Treasury Department show that the country has an operating cash balance of $73.7bn (£45.3bn).

Apple's most recent financial results put its reserves at $76.4bn.

BBC News - Apple holding more cash than USA

God damn. If apple chose to give all that spare money out as bonuses to all its employees, it would be 1.6 million dollars per person.

**Janszoon** · 07-29-2011, 03:53 PM

That's not saying much though. At this point I'm probably richer than the federal government.

OccultHawk · 07-29-2011, 04:11 PM

My debt is only in the thousands.

**Janszoon** · 07-29-2011, 04:20 PM

Quote:

Originally Posted by OccultHawk

My debt is only in the thousands.

Exactly.

Burning Down · 07-29-2011, 04:26 PM

Quote:

Originally Posted by Janszoon

That's not saying much though. At this point I'm probably richer than the federal government.

Everyone is richer than the US government. Aren't they like 3 trillion dollars in debt, mostly to China? Which means they have no money at all. Not one cent. Yikes. I thought my total amount of student loans was bad.

GuitarBizarre · 07-29-2011, 05:11 PM

Quote:

Originally Posted by Burning Down

Everyone is richer than the US government. Aren't they like 3 trillion dollars in debt, mostly to China? Which means they have no money at all. Not one cent. Yikes. I thought my total amount of student loans was bad.

Try about 4 times that amount.

hip hop bunny hop · 07-29-2011, 05:15 PM

Quote:

Everyone is richer than the US government. Aren't they like 3 trillion dollars in debt, mostly to China? Which means they have no money at all. Not one cent. Yikes. I thought my total amount of student loans was bad.

The largest holder of US Treasury Bonds is actually the Japanese Government.

Anyways, you can't compare your personal debt to that of the USA Government; amongst other items, you aren't in control of the world's reserve currency. Further, it's in America's interest - at the point in time - to increase inflation.

**Janszoon** · 07-29-2011, 05:52 PM

Quote:

Originally Posted by hip hop bunny hop

Anyways, you can't compare your personal debt to that of the USA Government; amongst other items, you aren't in control of the world's reserve currency.

That's what you think.

Burning Down · 07-29-2011, 06:28 PM

Quote:

Originally Posted by hip hop bunny hop

The largest holder of US Treasury Bonds is actually the Japanese Government.

Anyways, you can't compare your personal debt to that of the USA Government; amongst other items, you aren't in control of the world's reserve currency. Further, it's in America's interest - at the point in time - to increase inflation.

I don't even live in the States but I do know that the US government owes a significant amount of money to Canada.

~~[MERIT]~~ · 07-29-2011, 08:05 PM

The government should issue stock like an IPO, that way citizens could own it and actually have a say in how it is run.

07-29-2011, 03:53 PM	#2 (permalink)
Janszoon Mate, Spawn & Die Join Date: May 2007 Location: The Rapping Community Posts: 24,593	That's not saying much though. At this point I'm probably richer than the federal government. __________________ A Night in the Life of the Invisible Man Time & Place 25 Albums You Should Hear Before the Moon Crashes into the Earth and We All Die last.fm

07-29-2011, 04:11 PM	#3 (permalink)
OccultHawk one-balled nipple jockey Join Date: Dec 2010 Location: Dirty Souf Biatch Posts: 22,006	My debt is only in the thousands.

07-29-2011, 08:05 PM	#10 (permalink)
~~[MERIT]~~ Account Disabled Join Date: Nov 2004 Location: Missouri, USA Posts: 4,814	The government should issue stock like an IPO, that way citizens could own it and actually have a say in how it is run.