Skip to content
Do you have adblock enabled?
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(NPR)   NPR wants you to know that while you may be celebrating a strong dollar, others are actually being hurt by it. For example, you haven't even thought once about poor, suffering multinational corporations, have you? Try thinking of others for a change   (npr.org) divider line
    More: Sad, United States dollar, Euro, value of the U.S. dollar, Currency, Pound sterling, strong dollar, likes of China, U.S. dollar's value  
•       •       •

324 clicks; posted to Business » and Main » on 27 Sep 2022 at 11:35 AM (9 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



7 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2022-09-27 9:29:20 AM  
THOSE CHICKEN TENDERS EXPIRED MARCH 2021. JOE BIDEN IS TRYING TO KILL US!
Fark user imageView Full Size

/Dark Brandon indeed
 
2022-09-27 11:46:17 AM  
But I was assured that fiat currency was dying and crypto would become ascendant.

Fark user imageView Full Size
 
2022-09-27 12:00:57 PM  
But you do think of them. Daily, sometimes, if you have Prime.

Fark user imageView Full Size
 
2022-09-27 12:27:49 PM  
It's not so much the multinational corporations, but 1) basically everybody in foreign countries who buys dollar-denominated goods, and 2) everybody in foreign countries who has dollar-denominated debt. I understand the latter applies to a lot of third-world countries that have unreliable financial systems.
 
2022-09-27 12:45:28 PM  

Mad_Radhu: But I was assured that fiat currency was dying and crypto would become ascendant.

[Fark user image 425x239]


The dollar is going to die... from being TOO strong!

/Multinational corporations have no excuse. They have the resources to hedge foreign exchange volatility, no need to feel sorry for them.
//It definitely does hurt the average person in Europe or Asia who has their commodities priced in USD
///luckily commodities are crashing... I mean, due to a forecasted global recession, but still... good, I guess...
 
2022-09-27 4:45:57 PM  
It's not multinationals only. Everything slows when the dollar is strong.

Imports become cheaper so the American industries become less competitive.

Huge amounts of cross currency transactions occur in the USD, so when the dollar strengthens my friend in Peru can't buy as many goods from the factories in China producing the wares she sells in Lima cause she has to buy dollars first and gets less Peruvian Sol for her money.

Obviously it's great for American citizens traveling and often at the store, but it reverberates a lot through out the world when the dollar strengthens against whichever currency is being used for a transaction.
 
2022-09-27 6:15:06 PM  
No amount of self sacrifice can fix a century of bad economic policies in India.
 
Displayed 7 of 7 comments

View Voting Results: Smartest and Funniest

This thread is closed to new comments.

Continue Farking




On Twitter


  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.