TR Economy & Updates

[Dr boss]

Thank you for showing us how GDP getting smaller and smaller and debt is increasing.

it's easy, just do as in the USA, China or Russia, more social aid to the people, and the GDP will rise immediately, but that's difficult to understand for those who never travel through the countries

 

[GoatsMilk]

Everything bad thing happening in Tukey because of foreign powers it's an attack, everything good is thanks to akp. When S&P, Moody, Fitch increased ratings it was akp's success, now it's an attack. Why did you vote for akp back in 2002 when there is an "economic attack" on Turkey? Why didn't you protect your country?

Listen your reis guys:

Even if we believed that everything is because of foreign powers, that's no excuse for failure. The nation is life and death for all Turks. All we see from these thieves is failure.

 

[mulj]

We are still importing too much to export. We still need time to nationalize the raw materials, semi-finished goods, and components of the products we produce.

Sure, still you decrease import export ratio steadily, i understand what you are implying but that is more related for net profit ratio.

 

[GoatsMilk]

The irony is the Ottomans wouldnt have even tolerated even 10% of this failure. This isnt a game, either you have what it takes to win or you step aside.

 

[Tornadoss]

it's easy, just do as in the USA, China or Russia, more social aid to the people, and the GDP will rise immediately, but that's difficult to understand for those who never travel through the countries

WOW, such genius, much knowledge.
So this is how they increase their GDP.

 

[Dr boss]

Everything bad thing happening in Tukey because of foreign powers it's an attack, everything good is thanks to akp. When S&P, Moody, Fitch increased ratings it was akp's success, now it's an attack. Why did you vote for akp back in 2002 when there is an "economic attack" on Turkey? Why didn't you protect your country?

Listen your reis guys:

this message, what I think is that he put him upside down to all the countries that thought he would be a good slave, the Europeans understood it but a little late, Erdogan already had all the control.

Trump: "Erdogan is a dimensional chess player"​

 

[Dr boss]

WOW, such genius, much knowledge.
So this is how they increase their GDP.

it would be time to stop spending in Turkey, as Trump did in the US with social aid, medical aid by ending the aid put in place by OBAMA

 

[Huelague]

It doesn't work like that. You can't just inject 200 billion of $ inside the Turkish economy and withdraw it tomorrow.

You can. Calls hot money .

 

[Tornadoss]

it would be time to stop spending in Turkey, as Trump did in the US with social aid, medical aid by ending the aid put in place by OBAMA

Then maybe, first we should start with the money spent on Syrians that we have thanks to akp.

 

[Huelague]

Everything bad thing happening in Tukey because of foreign powers it's an attack, everything good is thanks to akp. When S&P, Moody, Fitch increased ratings it was akp's success, now it's an attack. Why did you vote for akp back in 2002 when there is an "economic attack" on Turkey? Why didn't you protect your country?

Listen your reis guys:

No. Just differentiate.

 

[Dr boss]

The irony is the Ottomans wouldnt have even tolerated even 10% of this failure. This isnt a game, either you have what it takes to win or you step aside.

do you want me to refresh your memory? SUEZ CRISIS
that was in 1956 when the US decided to attack sterling causing millions to lose millions during the day
and how the US brought UK to the next, they punished the English who understood the lesson

The United States, passive until then, is demanding the withdrawal of Western forces to defuse the crisis. This country is increasing the pressure against the British government by launching a monetary attack on the pound sterling. The Bank of England having lost $45 million between October 30 and November 2 and Britain's oil supply having been restricted by the closure of the Suez Canal, the British had immediately asked for help from the IMF, but it was refused by the United States. Eisenhower ordered his Treasury Secretary, George Humphrey, to prepare to sell part of the US government's holdings of sterling bonds.

Suez Crisis - Wikipedia

en.wikipedia.org

 

[Dr boss]

Then maybe, first we should start with the money spent on Syrians that we have thanks to akp.

sorry but you didn't spend anything, all you or your loved ones do is for your pocket, so don't say, we spent, nothing out of your pocket

 

[Saithan]

I hope you guys realize that the level of excuses and coherrent arguments goes out the window as you pressure the AKP fanboys. Fumbling after topics we’re better at has reached rock bottom when he pulled out the pedophilia...

They do not have the braincells for the necessary understanding of economy to see it’s bad.

The same goes for those poor people who voted on RTE and AKP. Only when they suffer ecokomic woes will they understand it. So let’s hope it gets really bad economicwise because we’re gonna need it with a incoherrent CHP

 

[Huelague]

Then maybe, first we should start with the money spent on Syrians that we have thanks to akp.

Arab spring is not an invention of AKP. Cause and effect.

 

[Cabatli_TR]

https://twitter.com/i/web/status/1463546918978658309

 

[GoatsMilk]

do you want me to refresh your memory? SUEZ CRISIS
that was in 1956 when the US decided to attack sterling causing millions to lose millions during the day
and how the US brought UK to the next, they punished the English who understood the lesson

The United States, passive until then, is demanding the withdrawal of Western forces to defuse the crisis. This country is increasing the pressure against the British government by launching a monetary attack on the pound sterling. The Bank of England having lost $45 million between October 30 and November 2 and Britain's oil supply having been restricted by the closure of the Suez Canal, the British had immediately asked for help from the IMF, but it was refused by the United States. Eisenhower ordered his Treasury Secretary, George Humphrey, to prepare to sell part of the US government's holdings of sterling bonds.

Suez Crisis - Wikipedia

en.wikipedia.org

You don't need to look to far when you have a leader who put this absolute fool in charge of the central bank. Its time for the losers to step aside, they are not fit for purpose.

It reminds me of pastor brunson, ak party completely overplayed their hand. Made the economy take a 20% hit and had to hand him back anyway. When you have fools in charge you end up diving head first into every trap.

I dont want Turkey to turn into another failed arab state who had a leader who said a few truthful words but in the end ruined the nation. Saddam and Ghaddafi come to mind in recent memory.

 

[Tornadoss]

sorry but you didn't spend anything, all you or your loved ones do is for your pocket, so don't say, we spent, nothing out of your pocket

what do you think of yourself. As a citizen, every month I paid my tax even before getting my salary. 1 TL or 100000000 TL doesn't matter I still contributed. You don't know me or my loved ones and what we do. So, in short, STFU.

 

[Saithan]

Turkey, US agreement on taxes to pave way for more exports

Turkey and the United States reached a consensus on transforming the existing Digital Services Tax into a new multilateral solution as well as lifting the...

www.dailysabah.com

 

[Tornadoss]

Turkey, US agreement on taxes to pave way for more exports

Turkey and the United States reached a consensus on transforming the existing Digital Services Tax into a new multilateral solution as well as lifting the...

www.dailysabah.com

How could it be, there is an attack on Turkey.

 

[Nilgiri]

so there is still long way to go before things get really bad (when further liquidation for survival needed)

An idea of what could be looming soon if more trust is lost and course is not reversed in December or at least early 2022:

"Right now locals seem content to keep their dollars in the local system. If they start to move money elsewhere, to Germany, to Austria, it's another story... Then we will have a conversation about a real currency crisis."

Turkish lira in historic 15% crash after Erdogan stokes fire sale

Turkey's lira nosedived more than 15% on Tuesday after President Tayyip Erdogan defended recent rate cuts and vowed to win his "economic war of independence", despite widespread criticism and pleas to reverse course.

www.reuters.com

That will be start of a capital flight pattern...that is when you see catastrophic inflation...as principal backing bulk to support liquidity is stripped away leaving (even more) excessive liquidity chasing what little is left/stuck.

I dont think Erdogan will risk having that happen...but who knows.

They need someone sane + independent in central bank to stabilise....the insanity has gone long enough surely?