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Apple's Wallet Bigger Than America's

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Prepare for the iPod Nano to officially become American currency.

Serving either as an indictment against the US economy or a testament to the profitability of Cupertino gadgets -- or, you know, both -- Apple has more cash than the US Government. According to the Financial Post, Cupertino has more money in its wallet than a world superpower.

Case in point: Just yesterday, the US Treasury announced it had an operating balance of $73.77 billion.

Yikes. All right.

Now, compare that to Apple, which announced in its earnings report that it had a cash reserve of $75.88 billion.

Financial Post's Matt Hartley notes that the number can't be directly compared, because, "the government's number represents how much financial headroom it has before bumping up against an arbitrary debt ceiling, while Apple's cash reserve represents the pile of money the Cupertino, California-based company has available on its balance sheet."

Still. Wow.

Hey, Obama. Care to invite Steve Jobs to sit in a few debt talks?

(See also: Apple "Evaluating" Solar-Powered iPhones, Says Report and Microsoft Slams Google in Parody Video)

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