Latest Thread
Even actual communists aren't this stupid. Their economic theories may be flawed but at least they are something as opposed to nothing.Turkey's central bank intervenes again amid fluctuating FX rates
The Central Bank of the Republic of Turkey (CBRT) on Friday intervened in foreign exchange markets for a third time this month, citing 'unhealthy price...www.dailysabah.com
The same stupidity that eroded Turkey's economy in the 90's is being repeated. All hail stupidity!
Short explanation. No reform of any kind, no budget discipline. uncontrolled spending and no accountability. Using FX reserve to absolut no lasting effect but daily foolishness.
The swaps are not our money, but money in hand to fool Turkish public. Result horrible domestic economy that RTE will try to fix by lowering interest rate again. Worsening the economy and people not being able to afford anything.
Government will have to step in and sell food cheaper, undercutting the market.
Communism Communism Communism!
Which food? The production has been cut down remarkably and there even might be a scarcity of meat in 2022.Government will have to step in and sell food cheaper, undercutting the market.
The same stupidity that eroded Turkey's economy in the 90's is being repeated. All hail stupidity!
Short explanation. No reform of any kind, no budget discipline. uncontrolled spending and no accountability. Using FX reserve to absolut no lasting effect but daily foolishness.
The swaps are not our money, but money in hand to fool Turkish public. Result horrible domestic economy that RTE will try to fix by lowering interest rate again. Worsening the economy and people not being able to afford anything.
Government will have to step in and sell food cheaper, undercutting the market.
Well communism is different. Certain things were decided and commited to long term.Communism Communism Communism!
Which food? The production has been cut down remarkably and there even might be a scarcity of meat in 2022.
The current government (AKP) has appointed at "importing" food whenever the supplies was not sufficient from domestic sources, moreover they have also imported food and meat to reduce to prices in domestic market. They have killed the agriculture by intention.
TARBIL project in a nutshell;
Commenced by one time earlier agriculture and foresty ministry an institution located in an university was under construction. In fact Tarbil project was a lot more than a building where experts and scientists came together, collecting data from field directly with fixed stations distributed around Turkey (was like 1000 or over stations), satellite subscription as acquired from Airbus to get imagery by intervals to asses what to plan at which location and estimate the yields annually and observe the health of the plants.
If i am correctly they have also opened positions for 1000 or more personnel to be deployed at field, experts of their field or some basic workers to take samples.
What happened to project? Just like windows copying files, it got stuck at 99% because the minister has changed, the one appointed most recently by Erdogan has halted all of the projects from the predecessor and continued neither of them after a year or two.
This is technically can be referred as "Vatana ihanet". For throwing such a critical project important in the self-sufficiency and foods security was thrown to trash intentionally, equipment left in store to rot away, building remains unfinished. People recruited in positions spend their days without doing anything.
After reading these statements made by our newest „economy“ minister with no background in economics but very so in FETÖ affairs I wish everyone in Turkey good luck for the next two years.
It is clear that the goal here is to decimate the economy.
At this point it Erdoğan is just f*cking up the economy on purpose.
Anyone who still supports him and his party is just a pure moron or simply wants this country to burn.
I can see the Lira dropping to $1=25 Lira by the end of the year.
Milk is at 15 Lira it is only a matter of time before the majority can’t even buy basic utilities anymore. Then things will escalate. The Akpeons don’t realize what they are racing towards and when it hits them it will be too late. We may see them start whining for help any month now from the EU and the US, and portray themselves as victims of extreme secularism. They are used to it.I'm honestly just curious how long it takes before people start lynching government officials in the street and things get violent.
Because they will. People have their limits and I suspect if the lira ever hits 1:20 exchange ratio, people will legitimately start trying to kill Erdogan and those closest to him (or maybe even before). And it will not end well because external powers will definitely get involved at that point.
Note to the mods: I am not supporting or calling for any kind of political violence. I am simply calling it as I see it.