Apple now has more liquidity than the US Treasury

http://tech.fortune.cnn.com/2011/07/29/the-u-s-treasury-has-less-cash-on-hand-than-apple-inc/

We were in a meeting Wednesday afternoon, and one of the attendees asked (tongue-in-cheek) whether, given the choice, you would buy a bond issued by Apple or a bond issued by the US Treasury.  Everyone chuckled at the idea…  the world’s reserve currency versus a trendy tech company.  But, there might have been a little nervousness amongst those chucklers.

When you look at it, Apple’s leadership is not dysfunctional.  Apple provides things the public actually wants.  If there are disagreements amongst Apple management, Apple doesn’t vet them in front of television cameras.  Sadly, the same can’t be said for the US government.

And now this.  Comparing the most recently released report from the Treasury to Apples 6/30 financial statements,   Apple now has cash and marketable securities greater than those of the US Treasury.

Chew on that for a minute.

The treasury of world’s largest economy has less cash than Apple.

iTreasury.