Added on July 29, 2011
Jason Rink
Apple Now Has More Cash Than The U.S. Government
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Here’s something to keep in mind as you follow t
his evening’s congressional debate over the debt ceiling.
According to the latest daily statement from the U.S. Treasury, the government had an operating cash balance of $73.8 billion at the end of the day yesterday.
Apple’s last earnings report (PDF here) showed that the company had $76.2 billion in cash and marketable securities at the end of June.
In other words, the world’s largest tech company has more cash than the world’s largest sovereign government.
Read the whole story
here.
by Jason Rink
Jason is a contributing author of "Ron Paul: A Life of Ideas," the biography of Congressman Ron Paul, and the author of"Disciple of Liberty: Seven Priorities of a Christian Patriot."
His work has also been featured on the anti-war, anti-state, pro-market website Lewrockwell.com.
He has appeared as a guest on FOX Business Channel's "America's Nightly Scoreboard" , the FOX News program "On The Record with Greta Van Susteren," and "Freedom Watch" with Judge Andrew Napolitano.
Jason is a former pastor and church planter. He also was a Vice President with JP Morgan Chase, a position he held while simultaneously working as a grassroots activist to End the Federal Reserve. He is one of the founders of the Ohio Freedom Alliance, and Ohio Liberty Council. Currently, he is the Executive Director of The Foundation for a Free Society, a 501c3 non-profit, educational organization in Austin, Texas.
Over the last 10 years, he has spoken over one-hundred times to audiences of all ages, ranging from 20 to 20,000 in attendance. He speaks on topics such as State Sovereignty, the U.S. Constitution, Early American History, Political Activism, Money and Economics.
Jason lives in Austin, TX with his wife of 11 years, Tisa, his 10-year old son, Ethan, and dog named Rocco. Check out his personal website at JasonRink.com.
