Linked by David Adams on Fri 29th Jul 2011 03:15 UTC
In the News Apple is now more liquid than the United States government, the Financial Post reports. As the government struggles to resolve the debt ceiling debate, the operating balance in Washington is at US$73.768 billion and falling. Meanwhile, Apple has US$75.876 billion.
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RE: The USA owns the Dollar
by kristoph on Fri 29th Jul 2011 20:15 UTC in reply to "The USA owns the Dollar"
kristoph
Member since:
2006-01-01

The USA can have as many cash reserves as they wish to by being able to legally create money (both physical as well as virtual).


No, dude, it can't. The whole point of the current fiasco is that the US government is not legally able to increase it's cash position.

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