The United States of Export: CNN On How The Dollar is Corporate America’s Biggest Enemy
In the U.S., corporations get special treatment. In 2012, as the dollar has strengthened, numerous news articles have hit the wires from mainstream news outlets lamenting on behalf of keystone U.S. corporations that their billions in profits are down due to a stronger dollar. From Pepsi Co. to Tupperware, profits are down due to unexpected global exchange rates which have seen the U.S. dollar trade higher against other major currencies. The corporations were caught off guard, expecting a more steady decline of the American Empire.
At any rate, the mainstream press dinosaurs feel bad for the corporations, bemoaning on their behalf the strong dollar and therefore the lack of quantitative easing announcements by the Fed which would devalue the dollar.
According to CNN’s Fortune, the dollar is one of the biggest threats to profit for U.S. corporations as a stronger dollar hurts already decelerating earnings in the second quarter. CEOs at McDonalds and Colgate-Palmolive have said that an appreciating dollar has been poor for business lately as it not only makes products more expensive and means that sales overseas are not worth as much when converted into a stronger dollar. While corporations generally prepare for fluctuating exchange rates, that the dollar has risen in the past few months has come by surprise.
And it is not expected to slow as the the zombie economy of the New World Order continues to levitate as a cartoon character, recently runoff a cliff, who has yet to look down towards the unrelenting dirt. Staple US exports like High Fructose laden food products and Big Macs are not as profitable as the dollar remains up 5% against the euro as Europe is brought one step closer to economic surrender.
And with no new news of quantitative easing, U.S. corporations must be disappointed as the dollar moves higher against most major currencies. The mainstream press is right there with them. It’s a form of corporate adoration thrust upon the U.S. citizenry in which they are supposed to feel sorry that their corporate masters are suffering because the global economic crisis is acute in lands other than the U.S. Perhaps we should rally that the masters of the universe bring the economic crisis back home to the USA in raging fashion?