TR Economy & Updates

[Ravenman]

It's a bit personal, but it's important to understanding you...

Why did you leave Netherlands and moved back to Turkey. Are you retired, are you getting your salary in Euro, or did you get deported ?

I am born in the Netherlands but in 2020 took the decision to move back to Turkey because i felt the Netherlands would change in a covid-policestate with (forced) vaccination, QR-entrycodes and the Chinese social credit system.

I bought a house here with a garden in september 2020 in East Turkey and this year i found work at a postorder agency. I earn 3500 TL and from the Netherlands i get monthly 230 euro's, not more or less.

 

[Manomed]

The biggest crash is coming. The bubble cant be bigger anymore. The US has more national debt than whole the world combined. The FED and the European Central Bank are printing toiletpaper money like there is no tomorrow. The American inflation (6.8%) and the European inflation (5.2%) are daily increasing and they are also pushing Turkish inflation.

Turkey is preparing a monetary union with Azerbaidjan and Kazachstan and maybe Qatar (not sure), Erdogan is devaluating the lira so that Turkey had no choice otherwise than joining the new monetairy union with one valuta.

t. a haber

 

[Nilgiri]

The US dollar is gonna crash, crash and crash. Thats why they let Trump lose with fraudulent votes, and let the old senile Biden win. Biden does nothing.

Printing dollars and dollars, the national debt is almost 30 trillion now. They have more debt than they can pay. Even the interest of the deb is higher than they can pay.

So everyone is now buying bitcoins instead of dollars and the dollar will loose his reserve status.

Crash is coming. Every stupid Turkish traitor that turns his liras in dollars again will have nothing.

First of all you have skipped answering what I specifically asked of you (since you tarred Turkish market sellers):

Do you have a period of sustained serious gain in Turkish Lira at some point in last 10 years to study this effect (prices remaining high regardless of the imported input cost drop) you mention?

Surely you need to have evidence of it happening in past to project to future?

i.e you have not shown basic proof of it happened (part 1) before to then say "it will happen again" (part 2).

You either have to concede that point or provide proof of what you asserted (i.e that they collectively kept prices high while Lira strengthened and lessened their input costs).... before we can address another one (US, world debt and what debt/liabilities are).

Simply quoting liability figure (30 trillion from wherever you took that) without quoting assets figure (to see the leverage ratio) is another mistake you do from get go yet again.

Do you even know what the total assets are of the US and EU? You can even add private debt (which you forgot about or dont know) to public "national" debt....to get total debt numerator.

Issue is you need to know asset denominator to know where we are in the escalation/doomsday ladder right?



This selectivism to push some narrative wont work I am afraid. You need to fill the base of the argument before we get to next level.

You are now spamming same thing repeatedly to others. You think that is any kind of argument?

Any case, my intent in replying to you is to give some more larger points to audience here .... given you are in a (futile for me) circular loop.

 

[GoatsMilk]

Kind of crazy to think that when all is said and done AK party/Erdogan will have left Turkey in far worse shape then when they found it. I just hope the crooks all face the courts and dont flee to the USA.

Mashallah, at least he pissed money away on building plenty of mosques that mostly remain empty.

People are searching the bins for food but at least women get to wear the hijab in parliament now.

 

[HTurk]

Kind of crazy to think that when all is said and done AK party/Erdogan will have left Turkey in far worse shape then when they found it.

That's 100% not true - even after all this mess, the situation today is by no means comparable to the 90's.

 

[Rodeo]

That's 100% not true - even after all this mess, the situation today is by no means comparable to the 90's.

It's a matter of time before people take their money from banks because of the fear of dollar tax or government confiscation of their savings and bankrupting the banks by doing so. We will see much worse before hitting the bottom.

 

[Nilgiri]

That's 100% not true - even after all this mess, the situation today is by no means comparable to the 90's.

Turkey is in a position now to do serious damage to itself like never before....by its own size and credibility gained since 1990s....

....and that being undercut and having increasingly inverted pendulum kind of situation to deal with.

It simply was not top heavy in the 90s turmoil like it is now.

Just look at basic asset and liability size back then compared to now (relative to population or whatever denominator)....either public or total if you want.

It is bad "sweetspot" I mentioned before.

You need solid foundations always to carry weight of politicians "tinkering" in the higher levels....and make it as hard as possible for them to undermine those foundations.

Unbelievable a G20 country is doing this nonsense of interest rate reduction with high inflation and depleted its forex for it and now running on fumes and forex loans to keep supporting the silliness.

Then all kind of attempted populist stuff following on top....to load inverted pendulum even more.

I feel deeply for wise educated patriots like @Anmdt who I learned a lot from on all kind of topics.

They invested lifetime of toil and effort for their motherland, and have to look at this damage being done with little to stop it right now.

 

[Ravenman]

t. a haber

No, Keyser Report.

Watch less CHP Youtube-streetchannels ("Ekmek alamiyommm aaabiiii"), read more Max Keyser.

 

[Manomed]

No, Keyser Report.

Watch less CHP Youtube-streetchannels ("Ekmek alamiyommm aaabiiii"), read more Max Keyser.

t. akp supporter

 

[Turko]

1 TL:1,68 UA hryvnia

My congratulations...

Economic independence war?? Ukraine is currently in real war!!!
And now 170k Russian soldiers at the border. The country might be invaded soon so yourselves compare it with Turkey .

 

[Anastasius]

No, Keyser Report.

Watch less CHP Youtube-streetchannels ("Ekmek alamiyommm aaabiiii"), read more Max Keyser.

Max Keiser, the Bitcoin shill? The guy who tried to peddle his own version of it, Maxcoin, that crashed and burned horribly? The RT guy?

Um, OK.

 

[Nutuk]

We are getting a life lesson on how to destroy a nations economy, just madness

 

[Rodeo]

We are getting a life lesson on how to destroy a nations economy, just madness

I'm so pissed. If you believe interest rate is the reason of inflation then why don't you make it 0 so that we can see if you're stupid theory is true or not. But no, he reduces it by one percent just to see us suffer more. At this point, to me, either he is mind numbingly stupid or a traitor. There's no in between.

 

[Saithan]

Government taking actions to protect consumers - Latest News

The Turkish government is taking measures to protect consumers by imposing large fines for those that engage in unlawful practices.

www.hurriyetdailynews.com

 

[Nutuk]

I really wonder whether the government is having the TL being devaluated on purpose. Cos even the non-economists like me here can see that lowering the interest rates (which are extremely high compared to the rest of the world by the way) will lead to depreciation of TL cos our economic situation is extremely bad.


Low TL value will undoubtedly help in balancing the trade but it will break the purchasing power of the common citizen badly. People get impoverished, expecially import products will become very expensive.

This is something like a shock therapy to rescue the extremely bad economy on behalf of purchasing power of the people (aci reçete)

 

[CAN_TR]

Max Keiser, the Bitcoin shill? The guy who tried to peddle his own version of it, Maxcoin, that crashed and burned horribly? The RT guy?

Um, OK.

Don‘t take him serious…
1€ equals 19TL my heart is bleeding when i‘m seeing the country like that maybe he‘s a masochist and likes it that would explain why he‘s trying to talk nice all this madness.

 

[BordoEnes]

We are getting a life lesson on how to destroy a nations economy, just madness

We are getting a lesson as to why Political Islam can never work. The head retard is literally cutting interest rates because its Haram in Islam.

 

[CAN_TR]

Interest rates haram, stealing money tamam.
___________________________________________________

Good news. The minimum wage is now 4250 per month, thats a 50% increase.

Explain how should employers who already have difficulities pay their employees with 50% increase?

I mean do you really have an IQ below your shoesize or are you doing it on purpose?

 

[Anastasius]

I really wonder whether the government is having the TL being devaluated on purpose. Cos even the non-economists like me here can see that lowering the interest rates (which are extremely high compared to the rest of the world by the way) will lead to depreciation of TL cos our economic situation is extremely bad.


Low TL value will undoubtedly help in balancing the trade but it will break the purchasing power of the common citizen badly. People get impoverished, expecially import products will become very expensive.

This is something like a shock therapy to rescue the extremely bad economy on behalf of purchasing power of the people (aci reçete)

It won't. Look at the total economic growth that resulted from it, discounting COVID-19 related recovery, it's around 1%. This strategy of crashing the currency to try and remedy the trade deficit as though it's some absolutely horrible issue that needs to be fixed right now instead of one among a multitude of problems that have multiple causes and multiple solutions over a period of many years isn't working.

Not to mention it just logically doesn't make sense. Turkey needs to import a lot of materials to manufacture its exports and a dropping currency means companies will have to make do with less and less and their productivity will drop, which will impact exports and you are back where you started.

 

[Glass🚬]

well, 1 year left and then the sultan will be voted out I guess.