members, click to sign in..

3,424 active users!!Bandwidth
WEDNESDAY
APR 16, 2014
Home
NewsSITE
Events & Blogs
New Audio & Video
BroadcastersNew Stuff!
Local Church Finder
Live Webcasts
Sermons by Bible
Sermons by Topic
Sermons by Speaker
Sermons by Date
Staff Picks
CommentsALL -14 min
Top Sermons
VideosPDFs
Daily Log
PhotosNew Stuff!
StoresNew Stuff!
Online Bible
Hymnal
Daily Reading
Our Services
Submit Sermon
Members Only

 
WEDNESDAY, APRIL 16, 2014 | TIPS Subscribe to the breaking newsWhat is RSS?
COVER Page ALL News CHOICE VIDEOS User COMMENTS
SATURDAY, JUL 30, 2011| 4 comments
Apple Now Has More Cash Than The U.S. Government
Here's something to keep in mind as you follow this 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 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. ...


CLICK HERE to Read Entire Article
www.businessinsider.com

Response to economic crisis?
|  START  |  Recommended sermons | more..
•  Biblical Economics • Pastor John MacArthur | 6/15/2010
•  Is My Name Demas • Dr. Bob Jones III | 1/12/2007
•  Response to economic crisis?Dr. Alan Cairns | 3/9/2009
•  Advice For Hopelessly In Debt?Kevin Swanson | 5/12/2013

   02/28/14  |  Rome days away from bankruptcy • 1 comments
   05/20/13  |  Payday lenders skirt military law • 1 comments
   01/21/13  |  Bill Gates interview: I have no use for money. This is God‚Äôs work • 16 comments
   01/18/13  |  Will Republicans Support Breaking Up Big Banks? • 2 comments
   12/24/12  |  Crystal Cathedral vendors will be paid • 2 comments
MORE RELATED ( MONEY ) NEWS | MORE..
   04/16/14  |  SermonAudio Tip: SermonAudio App v2.1 for Android Mobile Devices • 47 comments
   04/16/14  |  As Titanic sank, he pleaded, 'believe in the Lord Jesus!' • 3 comments
   04/13/14  |  Feminists Go Bonkers Over Kirsten Dunst‚Äôs One, Simple Comment • 39 comments
   04/13/14  |  U2's Bono Opens Up About Jesus, God And Praying With His Kids • 11 comments
   04/09/14  |  SermonAudio Tip: Kindle Fire + Nook Tablet Version 2.1! • 11 comments
OTHER CHOICE NEWS | MORE..
   02/07/14  |  Bringing the Gospel of John to Every Home in Austin, TX • 31 comments
   01/07/14  |  SermonAudio Partners with RFC for the 2014 Family Conference at... • 1 comments
   01/01/14  |  Happy New Year from SermonAudio! • 29 comments
   12/10/13  |  SermonAudio Broadcaster Loses Historic Church Building To Fire • 3 comments
   07/27/13  |  3 Dead When Bus Carrying Teens Crashes in Indiana • 34 comments
OTHER CHOICE NEWS | MORE..
   04/16/14  |  SermonAudio Tip: SermonAudio App v2.1 for Android Mobile Devices • 47 comments
   04/16/14  |  Bill Nye Says He Wanted to Expose Why Ken Ham and Creationists... • 6 comments
   04/16/14  |  U.S. taxpayers pay to teach Islam
   04/16/14  |  High noon at Bryan College
   04/16/14  |  As Titanic sank, he pleaded, 'believe in the Lord Jesus!' • 3 comments
OTHER RECENT NEWS | MORE..

COMMENTS | show all | add new  
    Sorting Order:  
· Page 1 ·  Found: 4 user comment(s)
News Item7/30/11 6:25 PM
Donut Disturbed  Find all comments by Donut Disturbed
Mike wrote:
Does raising the debt ceiling, or printing unbacked "cash" fit into this formula?
Raising a ceiling does not require bookkeeping as there is no transaction.
Actually issuing debt would be transaction.

Cash has to be accounted for whether it is issued by a private corporation or by a democratically accountable bank.

4

News Item7/30/11 5:57 PM
Mike | New York  Find all comments by Mike
Donut Disturbed wrote:
Article does not compare like with like. It is comparing Donuts and Apples.
Operating cash balance v Cash and Marketable Securities.
That said, it is blindingly obvious that if most of the world's governments are in debt up to their eyeballs that other investors (such as Apple) have purchased the government issued marketable securities. There is no shortage of wealth around the globe equal and opposite to the debts.
Basic double entry bookkeeping tells us that every dollar of creditor liability is someone else's dollar of debtor asset.
Does raising the debt ceiling, or printing unbacked "cash" fit into this formula?
3

News Item7/30/11 3:37 PM
Donut Disturbed  Find all comments by Donut Disturbed
Article does not compare like with like. It is comparing Donuts and Apples.

Operating cash balance v Cash and Marketable Securities.

That said, it is blindingly obvious that if most of the world's governments are in debt up to their eyeballs that other investors (such as Apple) have purchased the government issued marketable securities. There is no shortage of wealth around the globe equal and opposite to the debts.

Basic double entry bookkeeping tells us that every dollar of creditor liability is someone else's dollar of debtor asset.

2

News Item7/30/11 3:05 PM
Rafael | chicago  Contact via emailFind all comments by Rafael
Lol maybe they should get in more debt asking for a loan from apple and have apple run this country maybe they can get us out debt and run this country better than our presidents this is funny
1
There are a total of 4 user comments displayed | add new comment |Subscribe to these comments
Last PostTotal
Millennials 'talk to God' but are less interested in religion
christopher000 from rhode island: "that can be rough, gs. before going into..."
-3 min 11 
Obama Reflects on Resurrection, Kansas Shooting at Easter...
christopher000 from rhode island: "i find it interesting that stating facts would..."
-12 min 22 
Did Tuesday's 'blood' eclipse signal the End Times?
mr. marty mcd from usa: "the only thing they signal is book sales for hagee"
-18 min 


Watching for Christ's return 2
Dr. Curt D. Daniel
Conscience

True Spirituality
Sunday Service
Faith Bible Church
Play! | MP3 | RSS

Eyes That See
Mark Pannell

Jon Couch
Called, Sanctified, Preserved

This Day Ministries
Radio Broadcast
Play! | MP3

E. A. Johnston
Mistakes Of Modern Evangelism

Ambassadors For Christ Intl-US
Teaching
Transcript!Play! | MP3

Ken Wimer
Our Lord's Grave

Gospel of John
Shreveport Grace Church
Transcript!Play! | MP3

Bob Vincent
The Administration of Evil

The Unseen War
Grace Presbyterian Church
Play! | MP3

Robert Rubino
Theonomy versus Apostasy

We Are All Theonomists Now!
Fellowship Baptist Church
Video!Play! | MP4

Don Bell
Why does pain exist?

Lantana Grace Church
Sunday - PM
Play! | MP3

Sponsor:
Dr. Baucham: "Simply Astonishing!"

Bauch­am: "Any­one who adm­ires the Pur­it­ans simply must have the Pur­itan Hard Driv­e."
www.puritandownloads.com/sw..

Sermon: Patrick the Great Missionary
Calvin Lindstrom






                   
Prayer meetings are the throbbing machinery of the church. ... C. H. Spurgeon
Site-Wide RSS & Podcast | Help
Select Podcast Format | Help

HTML Embed | More
Flash Widget | More
Our Staff Picks | Info
Featured Sermon | More

City: Austin, TX
Gospel of John
Cities | Local | Personal
MOBILE
iPhone + iPad New!
Church App
Android New!
Kindle + Nook New!
BlackBerry
Windows Mobile, Nokia
ROKU TV
Kindle Reader

FOLLOW
Staff Picks Feed
Site Notices
RSS | Twitter | Facebook
HELP
RSS & Podcasts
Uploading Sermons
Uploading Videos
Webcasting
Favorites
Tips & Tricks
YouTube Screencasts

NEWSLETTER
View Latest Issue
Subscribe
Unsubscribe | Change
Privacy Policy
SERVICES | ALL
Local Church Finder | Info
MP3 Play & Download
Mobile Apps
Podcasting
Video Support
Live Webcasting
Transcription Service
Business Cards
SOLO | MINI | Domains
QR Codes New!
24x7 Radio Stream
INTEGRATION
Sermon Browser
HTML Codes | WordPress
Twitter
Facebook
Logos | e-Sword

BATCH
Transfer Agent
Protected Podcasts
Upload via Email
Auto-Upload Sermons
Auto-Blog Import
Picasa | API | FTP | Dropbox
ABOUT US
SermonAudio.com is the largest library of audio sermons from conservative churches and ministries worldwide. All broadcasters must adhere to the Articles of Faith.
Our Services | Testimonials New!
Broadcast With Us!
Support Us
Advertising | Local Ads

CONTACT
info@sermonaudio.com
Copyright © 2014 SermonAudio.com.