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.
Thread beginning with comment 482679
To read all comments associated with this story, please click here.
The USA owns the Dollar
by Erunno on Fri 29th Jul 2011 07:31 UTC
Erunno
Member since:
2007-06-22

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).

Reply Score: 1

RE: The USA owns the Dollar
by Johann Chua on Fri 29th Jul 2011 10:18 in reply to "The USA owns the Dollar"
Johann Chua Member since:
2005-07-22

I get the feeling the U.S. dollar won't be worth much if the U.S. defaults on its debt.

Reply Parent Score: 4

RE: The USA owns the Dollar
by kristoph on Fri 29th Jul 2011 20:15 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.

Reply Parent Score: 3