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Running out of Cash: The world's largest tech company has more cash than the world's largest sovereign government.

By sifilings on Fri, 07/29/11
Society & Culture
Government
Apple Now Has More Cash Than The U.S. Government Daily statement from the U.S. Treasury

Discussion

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Shaynus

NewHappy for Apple

Fri, 07/29/11
As a professional Apple technologist, I’m more happy for Apple in this story than sad about anything. This is a symptom of masses of people adopting Apple technology, which means more customers for me.

This knowledge says a lot less about the US small cash reserves than Apple’s massive cash on hand. Apple is going to start spending its cash by hiring new workers and building a new HQ… that will be bigger in circumference than the Pentagon.

http://www.cultofmac.com/steve-jobs-mega-mothership-apple-hq-is-bigger-…

Related . . .

Topics: Government, National Debt, Money
  • "The immediate cash-flow crisis has passed, but the long-term solvency crisis remains."
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  • DNC Chair: Personhood Amendment Is ‘Extreme and Radical’
  • The Federalist Papers, No. 10

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