We've all heard about Apple's gigantic pile of cash.
Over the years, I've thought to myself: "Apple better do something with all that cash, before the U.S. government (and its voting hordes) find a way to snatch it."
It turns out Apple has been way ahead of me.
Below is a chart that shows where Apple keeps its cash holdings. Of the $178 billion that the company has, it only keeps $20 billion of it in the U.S.
The rest (i.e., 90%) is held outside the "land of the free".
Apple has clearly identified the Fox, and has decided to keep its cash outside of the henhouse.
Unfortunately, this Fox's appetite is insatiable. As Robert Wenzel reported yesterday on EPJ, Obama has a new plan that intends to sink the Fox's teeth into the cash that is held overseas by American corporations.
Companies like Apple can do their best in protecting their property, but they're up against one very nasty creature.
This Fox believes, very strongly, that the whole world is its henhouse.
Chris Rossini is author of Set Money Free: What Every American Needs To Know About The Federal Reserve. Follow @chrisrossini on Twitter.
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