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 current state of the United States even economic wizards like Warren Buffet have been commenting on the matter. Being one of the most prominent business businessmen in history his statements and insight always never fail to invoke the brutal truth. His most recent statement made reference to the fact that if he were in control and his board had made choices that made him go into debt he would have replaced his board of managers. One has to wonder why in fact we don't have a similar mentality?
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 researchers are pointing out that the US needs to take a lesson from Apple's playbook in getting their balance sheets in line. With many agencies on the verge of lowering the US credit score it's obvious something extreme must be done that may actually be outside the president's power. It's widely known that if this downgrade in fact happens the ripple effect might have far reaching effects. Many economists argue that despite whether the credit score is officially downgraded or not it matters not. With all the negative press our overall image in the US is already compromised.
Apple serves as a great example that the United States needs to refocus on what made this nation a global force in the first place which is innovating superb products that folks need to own. The challenge is even companies like Apple outsource the majority of the their final assembly to China as labor is considerably less. This is triggering many executives and workers to search for chapter 7 bankruptcy information as jobs continue to vanish as a result of this. Till this changes the U. S. might be in for a difficult time.
With the current state of the United States even economic wizards like Warren Buffet have been commenting on the matter. Being one of the most prominent business businessmen in history his statements and insight always never fail to invoke the brutal truth. His most recent statement made reference to the fact that if he were in control and his board had made choices that made him go into debt he would have replaced his board of managers. One has to wonder why in fact we don't have a similar mentality?
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 researchers are pointing out that the US needs to take a lesson from Apple's playbook in getting their balance sheets in line. With many agencies on the verge of lowering the US credit score it's obvious something extreme must be done that may actually be outside the president's power. It's widely known that if this downgrade in fact happens the ripple effect might have far reaching effects. Many economists argue that despite whether the credit score is officially downgraded or not it matters not. With all the negative press our overall image in the US is already compromised.
Apple serves as a great example that the United States needs to refocus on what made this nation a global force in the first place which is innovating superb products that folks need to own. The challenge is even companies like Apple outsource the majority of the their final assembly to China as labor is considerably less. This is triggering many executives and workers to search for chapter 7 bankruptcy information as jobs continue to vanish as a result of this. Till this changes the U. S. might be in for a difficult time.
About the Author:
Mike has been retired for several years after having been employed as a paralegal for a notable amount of attorney firms. Be sure to visit his website he updates constantly regarding bankruptcy service as well as bankruptcy advice .
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