The BBC has reported a stunning statistic referencing the liquidity of National treasury dept that's sweeping the globe. Apple Inc which is responsible for the iPhone, iPad and laptops like the Macbook Pro , has reported in their most recent revenue report that their liquid operating capital is 76.4 billion while the National Treasury apparently is only sitting on 73.7 billion. With the world avidly watching the political debate over raising the US debt ceiling yet again, reports such as this are less than promising.
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 plain fact many are pointing out is that we cannot keep taking loans in hopes to invest the funds and fix our debt. With the bailout money having came and went more jobs have continued to disappear making a powerful case for this point. The President's approval stats are at an all-time low but it is arguable this is a problem that the President may indeed not be in a position to fix. One must pose the question if this disaster is even correctable without avoiding a total financial 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.
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 plain fact many are pointing out is that we cannot keep taking loans in hopes to invest the funds and fix our debt. With the bailout money having came and went more jobs have continued to disappear making a powerful case for this point. The President's approval stats are at an all-time low but it is arguable this is a problem that the President may indeed not be in a position to fix. One must pose the question if this disaster is even correctable without avoiding a total financial 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.
About the Author:
Mike has been retired for one or two years after having been employed as a paralegal for a considerable number of law firms. Be sure to visit his webpage he updates regularly pertaining to bankruptcy service as well as bankruptcy advice .
