Apple richer than the US government???

[krishmk]

Apple has more cash than the US government's cash balance.

Check this story:
http://edition.cnn.com/2011/TECH/innovation/07/29/apple.cash.government/

 

[johname]

I wonder if gold reserves are included in the cash balance, i would think not.

 

[Peter]

I very much doubt gold is counted as cash. Wonder how much gold components Apple have in their stock of iPod's and iPhones ? :p

 

[johname]

There 5000 tons of gold in fort knoxx alone.

USA spends 10 times more than Apple's worth each each year, is the problem.

 

[krishmk]

Agreed, this figure include only the "cash balance". Doesnt include gold reserves, Government assets etc.

 

[DnEbook]

maybe they should start selling apps ?

 

[DU]

There 5000 tons of gold in fort knoxx alone.

USA spends 10 times more than Apple's worth each each year, is the problem.

Are you sure ? I thought it was a revenue problem... ha ha ha

Ever read the theory of how Gold became the market standard for money? It's quite interesting. Apparently a reptilian race governed by the Nefilim have us mining for them... it's fascinating. I was told this when I visited the future. It's for real though.

 

[RogueWriter]

Hell, -I- am richer than the U.S. government. I'm only 50 bucks overdrawn, the U.S. is overdrawn by like 15 trillion dollars.

 

[GrowStats]

The US government isn't actually 'rich' in monetary value or by the amount of money it spends, due to the fact that it gets its money from the US citizens in the form of TAXES. And the gold reserves in Fort Knox isn't part of the US gov't's assets. It really seems pointless when you begin comparing the 'value' of the US government with a corporate business, such as Apple.

What's next? Comparing popularity of the US gov't versus Facebook?

Get real.

 

[DU]

What's next? Comparing popularity of the US gov't versus Facebook?

Get real.

Facebook, easy ... until you start catching them with their hands in your pants too..

 

[johname]

FB, the trend is your friend.

Nothing a $50 per smart phone tax cant handle LOL

 

[GILSAN]

Its proof that US politicians (both Republicans and Democrats) have no clue on how to govern the country. We have the same problem here in Portugal. Its time for a complete overaul of this system. Its not working. The majority of people are getting poorer while the rich and powerfull just get richer, regardless of times of crisis or not