The BBC has reported a shocking statistic pertaining to the liquidity of US treasury dept that’s sweeping the globe. Apple Inc which is responsible for the iPhone, iPad and laptops like the Macbook Air , has reported in their most recent financial report that their liquid operating capital is 76.4 billion while the United States Treasury reportedly is only sitting on 73.7 billion. With the nation avidly watching the national debate over raising the nations debt ceiling yet again, reports such as this are less than ideal.
With the prevailing state of the country even heavyweights such as Warren Buffet have been weighing in on the problem. Being one of the most successful business tycoons of all time his statements and discernment always appear to invoke apparent truth. His latest statement made reference to the point that if he were in charge and his board had made calls that caused him to go deep into debt he’d have fired his board. One has to inquire why actually we do not have this same mindset?
The undeniable fact many are arguing is that we cannot continue to keep borrowing in hopes to take the money and resolve the problem. With the stimulus cash having came and went more employment positions have continued to vanish making a strong case for this point. Presidential approval ratings are at an all time low but it's debatable that this is an issue the President may indeed not be able to fix. One must ask the question if this financial mess is even repairable without avoiding a total currency collapse?
Many analysts are pointing out that the United States needs to take a page out of Apple’s playbook in getting their finances in order. With numerous agencies making threats of downgrading the United States credit rating it’s clear something drastic should be done which may in fact be beyond the president’s power. It’s no secret that if this downgrade actually occurs the ripple effect could have very far reaching effects. Many economic gurus agree that regardless whether the credit rating is officially marked down or not it doesn’t matter. With all of the negative press our reputation in the United States has since already been damaged.
Apple serves as a great reminder that America needs to concentrate on what made this country a superpower in the beginning which is making quality products that people want to buy. The challenge is even firms like Apple outsource almost all of the their manufacturing to China as labor is much cheaper. This is causing many business owners and staff to look for chapter 7 bankruptcy information as positions continue to vaporize as a consequence of this. Until this changes the US may be in for a rocky road.
Mike has been retired for a few years after having worked as a paralegal for a number of lawyer firms. Be certain to check out his blog he updates frequently concerning bankruptcy service as well as bankruptcy advice .
categories: Apple
Capital,debt crisis,debt ceiling,America bankrupt,treasury bankrupt,US treasury
broke,apple operating capital,US operating capital
Tags : Society