Turkish people have in access of 3500 tons of gold as jewelry in their stash, far beyond the Central Bank's 500 tons. Government makes many calculations to keep the financials sustainable, there are internationally acknowledged criteria in place for this purpose. Gulf states should make sure their people start to get used to working instead of basking.Turkish Treasury borrows $1.1bln through auctions - Latest News
The Turkish Treasury borrowed 8 billion Turkish liras ($1.1 billion) from domestic markets on Jan. 5, an official statement said.www.hurriyetdailynews.com
One of the things I fear is that the state/government overspends compared to our capability to pay off our debt. In short this translates into what the people are doing to survive. Having multiple credits to survive, but never being able to pay off the debt. Until they default on their debt.
We should have a state policy of having cash/gold equivalent of 1,5% of our own GDP up to 1 trillion USD. The amount beyond that can be regulated.
There should be a death sentence without trial for government and state officials who'd try to change laws to get their hands on that money or even overspending on budgets.
Some ppl keep saying oil and gas will disappear, and what are Gulf countries going to do, well they're investing and making sure they own a lot that yields a lot, so they can just live off interest and investments.
Let's assume the global warming gets worse. Let's assume that Izmit earthquake repeats itself in the entire layline stretch.
Economy is a living thing. You need to do more work to keep it going and improving. The estimates are 3000-5000 tons of gold on people's hands which actually sits at 4000 tons. Us treasury has 8000 tons for comparison. You always have to come up with ideas of improving, solidifying and fortifying the economy and also expanding it. Opening new areas of activity and going for higher value production. That's the only way to grow the income of people. Turkey has been doing this for a while now by going for defense and aviation and actually all kinds of technology acquisition projects. Technology is a thing that can be exported as products and bring in money from every part of the world.
all i am saying that plans should be logical and not based on 1st world trends only. of course, ecological friendly sources are always welcome but they can not create energy balance needed.
Turkish Treasury borrows $1.1bln through auctions - Latest News
The Turkish Treasury borrowed 8 billion Turkish liras ($1.1 billion) from domestic markets on Jan. 5, an official statement said.
One of the things I fear is that the state/government overspends compared to our capability to pay off our debt. In short this translates into what the people are doing to survive. Having multiple credits to survive, but never being able to pay off the debt. Until they default on their debt.
We should have a state policy of having cash/gold equivalent of 1,5% of our own GDP up to 1 trillion USD. The amount beyond that can be regulated.
There should be a death sentence without trial for government and state officials who'd try to change laws to get their hands on that money or even overspending on budgets.
Some ppl keep saying oil and gas will disappear, and what are Gulf countries going to do, well they're investing and making sure they own a lot that yields a lot, so they can just live off interest and investments.
I think it requires special skills to save up a lot money and not use that rather than use money you don't have, and just print more.
Turkish Treasury borrows $1.1bln through auctions - Latest News
The Turkish Treasury borrowed 8 billion Turkish liras ($1.1 billion) from domestic markets on Jan. 5, an official statement said.
One of the things I fear is that the state/government overspends compared to our capability to pay off our debt. In short this translates into what the people are doing to survive. Having multiple credits to survive, but never being able to pay off the debt. Until they default on their debt.
We should have a state policy of having cash/gold equivalent of 1,5% of our own GDP up to 1 trillion USD. The amount beyond that can be regulated.
There should be a death sentence without trial for government and state officials who'd try to change laws to get their hands on that money or even overspending on budgets.
Some ppl keep saying oil and gas will disappear, and what are Gulf countries going to do, well they're investing and making sure they own a lot that yields a lot, so they can just live off interest and investments.
I do not believe so, not ever since the change to parliament system where the president could be part of a political party.
www.bloomberght.com
I think, he is the most decent politician in decades. I'm in the construction business so, i know how crooked the municipalities are. After Mansur Başkan came to power everything changed in the municipality.
When the system is well in place heading people will not be as important but the governing policy will count.
Can't find this post of mine..
