U.S. economic disaster makes Apple richer than country
 

BBC:

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
(£46.9bn).

Re: U.S. economic disaster makes Apple richer than country
 

On Fri, 29 Jul 2011 08:59:11 -0700, RichA wrote:

> BBC:
>
> 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
> (£46.9bn).

The U.S. government also has a 14 trillion dollar DEBT. Hell, my net
worth is much greater than the government's since it's is negative.

Re: U.S. economic disaster makes Apple richer than country
 

On 29/07/2011 11:59 AM, RichA wrote:
> BBC:
>
> 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
> (£46.9bn).
>
I bet Apple doesn't owe $ Trillions to China either? Steve Jobs is
going to buy Canada and rename it iCanada.

Mike

Re: U.S. economic disaster makes Apple richer than country
 

On 29/07/2011 21:11, Mike wrote:
> On 29/07/2011 11:59 AM, RichA wrote:
>> BBC:
>>
>> 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
>> (£46.9bn).
> >
> I bet Apple doesn't owe $ Trillions to China either? Steve Jobs is going
> to buy Canada and rename it iCanada.
>

Or they'll re-issue Obama to be the first iPresident...


--
Andrew Brydon
Life is just the beta-version of death

Re: U.S. economic disaster makes Apple richer than country
 

ray <ray@zianet.com> wrote:
>On Fri, 29 Jul 2011 08:59:11 -0700, RichA wrote:
>> BBC:
>>
>> 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
>> (£46.9bn).
>
>The U.S. government also has a 14 trillion dollar DEBT. Hell, my net
>worth is much greater than the government's since it's is negative.

Whining about debts while ignoring assets is a fool's game.

--
Ray Fischer | Mendocracy (n.) government by lying
rfischer@sonic.net | The new GOP ideal

Re: U.S. economic disaster makes Apple richer than country
 

RichA <rander3127@gmail.com> wrote:
>BBC:
>
>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
>(£46.9bn).

Yeah, but Apple doesn't own even a tiny fraction of the federal
government's assets.

--
Ray Fischer | Mendocracy (n.) government by lying
rfischer@sonic.net | The new GOP ideal

Re: U.S. economic disaster makes Apple richer than country
 

On Fri, 29 Jul 2011 21:11:01 -0500, Rich wrote:

> ray <ray@zianet.com> wrote in news:99g6fuFk7oU17@mid.individual.net:
>
>> On Fri, 29 Jul 2011 08:59:11 -0700, RichA wrote:
>>
>>> BBC:
>>>
>>> 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
>>> (£46.9bn).
>>
>> The U.S. government also has a 14 trillion dollar DEBT. Hell, my net
>> worth is much greater than the government's since it's is negative.
>>
>>
> Well, technically you all owe about $500k to the Chinese.

No, we don't owe the Chinese 150 trillion dollars (500k times 300 million
population).

Re: U.S. economic disaster makes Apple richer than country
 

On Sat, 30 Jul 2011 19:46:19 +0000, Ray Fischer wrote:

> ray <ray@zianet.com> wrote:
>>On Fri, 29 Jul 2011 08:59:11 -0700, RichA wrote:
>>> BBC:
>>>
>>> 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
>>> (£46.9bn).
>>
>>The U.S. government also has a 14 trillion dollar DEBT. Hell, my net
>>worth is much greater than the government's since it's is negative.
>
> Whining about debts while ignoring assets is a fool's game.

As is viewing assets and ignoring debts.

Re: U.S. economic disaster makes Apple richer than country
 

On Sat, 30 Jul 2011 15:22:47 -0700, Savageduck wrote:

> On 2011-07-30 12:47:25 -0700, rfischer@sonic.net (Ray Fischer) said:
>
>> RichA <rander3127@gmail.com> wrote:
>>> BBC:
>>>
>>> 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
>>> (£46.9bn).
>>
>> Yeah, but Apple doesn't own even a tiny fraction of the federal
>> government's assets.
>
> Just start with the 10 Nimitz Class carriers and you have Apple's $76.4B
> covered. Add the aircraft for each and that figure is eclipsed.

So, you're advocating selling them all?

Re: U.S. economic disaster makes Apple richer than country
 

On Sat, 30 Jul 2011 18:24:34 -0700, Savageduck
<savageduck1@{REMOVESPAM}me.com> wrote:

>On 2011-07-30 17:27:38 -0700, ray <ray@zianet.com> said:
>
>> On Sat, 30 Jul 2011 15:22:47 -0700, Savageduck wrote:
>>
>>> On 2011-07-30 12:47:25 -0700, rfischer@sonic.net (Ray Fischer) said:
>>>
>>>> RichA <rander3127@gmail.com> wrote:
>>>>> BBC:
>>>>>
>>>>> 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
>>>>> (£46.9bn).
>>>>
>>>> Yeah, but Apple doesn't own even a tiny fraction of the federal
>>>> government's assets.
>>>
>>> Just start with the 10 Nimitz Class carriers and you have Apple's $76.4B
>>> covered. Add the aircraft for each and that figure is eclipsed.
>>
>> So, you're advocating selling them all?
>
>No, I did not say that.
>I am just pointing out one group of Federal assets which are equal to,
>or exceed Apple's cash reserves.
>
>I could have reduced that to a smaller item, the F-22 fleet, where the
>program cost is $65B, or about $339M(inclusive of development costs)
>per F-22. This is the state of the art fighter, it is just a pity the
>darn thing is so costly.
>...and Federal Law precludes the F-22 from export sales.
>
>Then there is a bigger item. The F-35 JSF(Joint Strike Fighter) is an
>international collaborative effort,(UK, Canada, Denmark, The
>Netherlands, Germany, Belgium, Italy) with some customers outside the
>original development nations (Poland, Hungary, Switzerland, Israel),
>and depending on variant, ranges between $122M-$183.5M per plane.
>
>The US alone is planning on 2,443 aircraft for the USAF, USN, & USMC
>with a DOD program cost of $323B, the most expensive defense program
>ever.
>Now there is an asset acquisition to discuss, considering we are going
>to have to borrow the money for it!

And then there's the gold reserve. It's at, what, like $300+B at spot
prices? (Of course dumping even part on the market would drive gold
prices down.)