Skip to comments.Fun Number; Apple Has Twice As Much Cash As The US Government
Posted on 04/13/2014 8:19:56 AM PDT by RightGeek
And, for good measure, Microsoft has more cash at hand that Uncle Sam does. [snip] Its a very fun number, to be sure, but its not quite right for a number of economic reasons. Its true that when you look at the balance sheets then Apple, say, has $160 billion in cash available, that Microsoft MSFT has a little under $85 billion and the Treasury only has $49 billion to hand to keep the government working. But its not really true for a couple of reasons that well get to.
The first and most obvious being that the government has entirely unlimited amounts of cash. Because theyre the people that create it.
The second reason the number isnt quite true is that the companies arent keeping their money in cash, or not much of it. [snip] Some of it in commercial paper but the majority in short-term Treasuries (bills and notes rather than bonds). [snip] We could, at this point, suggest that the Treasury actually has a negative amount of cash because the amount it appears to have is less than it owes Apple and Microsoft in those short-term Treasuries.
Which brings us to a final point, one more theoretical. Which is that the US government doesnt have any cash at all. Because it has borrowed hundreds of billions at least in those short-term Treasuries. Which is an amount very much larger than the amount of cash it is recorded as having.
That last point meaning that if youve got one single dollar bill and no debts then youve got more money than the Feds.
(Excerpt) Read more at forbes.com ...
The government is 17 trillion in debt. I have more money than the government.
“But the Government has more ammunition than Apple, and with more ammunition it can take all the money it wants.”
Is it naive to think the individuals who work for these government agencies might have 2nd thoughts about shooting fellow citizens ?
Any of them with a brain might choose a different target I would think
The government is 17 trillion in debt.
I am afraid you are more than $100T short of the actual debt.
There is more cash under my living room sofa cushion than the U.S. government.
But who’s “the government”?
So if “the government” is $17 trillion in debt, then so are the people - so, every man, woman, and child in the US owes about $50,000.
Government today is in big business, where it is at a disadvantage to hold any cash position. It gives its cash away to purchase votes that not only maintain the “big” in big business, but can grow this business even further. It has gotten so good at this, that it borrows from the future to buy votes today.
Not to worry. They are going to come and get it in one way or another.
I know. Unbelievable what the progressives have done to this great country.
the late character actor, Dub Taylor, as disgruntled gas station operator in 1974 film, Thunderbolt and Lightfoot
Buy the U.S. government and fire all of them for incompetence.
The treasury should not have more in cash than their expenses.
If they do, they should either pay down their debt or reduce their tax rates.
If your “money” is in gold and silver you do. Otherwise you have fiat promissory notes backed by air. Granted everyone still uses them and takes them, for now.
Apple needs to bring production back to America.
Well of course they do. Apple knows who has paid them and who hasn’t!