I agree it is not easy at all.
It makes the rare instances through history all the more noteworthy.....their ultimate significance of being able to rise above the fray given the inertial force of inherited context.
Take a particular Virginian for example. The British refused to give him...
Please start a protest movement against TCB (a totally Erdogan/AKP controlled institution now).
Ask them why they are getting in the way of depreciation to 15, 20, 25 (whatever number you want to achieve X% demand compression and what that will inflict on Turkey for 10 - 20 years) and selling...
It's been talked about a number of times....search "debt" in this thread....I commented few times ~ 200 billion matures in FY 2022.
24 billion or so matured in late November (just completed)....that was the single largest monthly maturity Turkey had to pay (i.e avoid default) till then and I...
To those saying "exports exports exports", "trade deficit will be erased" in some "reach for a plan"....or "things have to get so bad/extreme so that they can curl up and meet good"...."omelette needs eggs to be broken etc"....
or whatever variant of <insert export miracle model by F=ma its so...
The critical (capex infra) elements of turkish WMD program should have been started in ~ 1980s if you ask me.
i.e Get a couple reactors, and get plutonium (239) production started (using the neutron flux of reactor and create a "bed" design around it)....start stockpiling that plutonium till...
It is just better if some countries (or their patrician/politician class) learn the lessons the hard way.
For example, Sri Lanka finance minister will be visiting India soon:
https://defencehub.live/threads/india-sri-lanka-archive-india.10282/#post-143931
Their direct predicament from their...
https://www.reuters.com/breakingviews/turkey-spends-money-it-doesnt-have-2021-12-01/
Turkish central bank said it was selling dollars to support the lira. The bank has $25 billion of net reserves as of November, down from $28 billion the month before. But that includes another $48 billion of...
https://economictimes.indiatimes.com/news/defence/maldives-defends-defence-pact-with-india/articleshow/88014781.cms
Maldives has defended its defence pact and partnership with India notwithstanding the opposition protests.
The Parliament Committee on National Security (241 Committee) of...