Americans Organize to "Save Starbucks" as the Economy Slips into Recession

Citizen groups around the country are mobilizing to save their Starbucks after the company announced it will shut down 600 stores. These people don't realize that Starbucks will have to double or triple their prices as the dollar continues to crash and the reason Starbucks has to close stores is because Americans are too broke to buy "premium" merchandise now that their currency has become the laughing stock of Forex.

Incredibly, and Forex traders can't help but chuckle at this, these citizens are not mobilizing to restore habeas corpus, or to restore the rule of law as it applies to America's spying telephone companies, or restore the checks and balances of the Republic that would prevent the president from declaring himself sole judge and jury in any case against any American who can then be detained for any length of time for any reason -- as is now the case with the recent ruling of the US Court of Appeals for the 4th Circuit (not to mention the workers themselves at Starbucks that nobody seems to care about after it was revealed that Starbucks management was stealing the barista's tips).

No, these citizens are mobilizing to keep the doors open at shops that charge them $4 (soon to be $12) for drinks made from agricultural products (coffee beans) that the company has no, true legal right to exploit without adequate compensation to the indigenous populations that have farmed these products for millennia.

I digress ... my point is that Americans can't afford stuff they used to be able to afford, and they are becoming increasingly alone in this -- as compared to other citizens in other countries -- due to the falling U.S. dollar and the rise in the value of currencies we compete with.

As a few in the financial press in the U.S. have said (the ones who manage money for a living, not the ones who just talk about money), Americans will be shocked by their loss of purchasing power -- as the dollar collapses -- versus their compatriots in other countries -- whose currency is rising, but by then it will be too late to do anything about it.

#story_page_post_article

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal
{{ post.roar_specific_data.api_data.analytics }}

Don't Sit on the Sidelines of History. Join Alternet All Access and Go Ad-Free. Support Honest Journalism.