I am kindly inviting the ones who believes economy is good in Turkey, to come Turkey particularly Istanbul.
I will provide you minimum wage and ask you to live 'happily' with 2850 lira for 30 days. This includes transportation, bills, housing.
If you can't you you will be thrown in front of minimum wage earner Fathers of 2 kid families with a single income to be beaten, if you can meet the end of the month by living a proper humanly life i will give you $5k.
Any taker?
Let me warn you;
Average broken and old 1+1 house is 1500 lira in rent, no furnitures you gotta spare 50-100 for the furnitures as installment.
Gas (250 very optimistic), electricity(100), internet(100 cheapest) and water(50), phone (40 cheapest) bills are roughly 500 lira. Also the house equipments another 100 lira installment for washing machine, ovenz stove.
Transportation, (public 9 lira per day single transportation) 250-300 lira. If you want to use a car gasoline equilavent of 40km per day.
What do you plan to eat with remaining 300 lira? simit is something like 4 lira, or maybe already 5. 3 simit, one for each course, in a day meets 450 lira. Can you really sustain a humanly life with that money assuming you will also need clothing and shoes?
Who on earth devaluated TRY on purpose? Those minimum wage workers? Are you high on Erdogan or what, give us your recipe the Nation need your recipe to relax a little nowadays?
Tbh, there is all kind of conflation and spamming in this thread now about debt in predictable apples-apples way that I already explained is faulty.
There is even not an understanding by some the difference between total govt debt (govt can borrow from domestic private sources) and external debt (debt held externally, which can also be privately held).
It is a venn diagram with an intersection....they are not congruent.
That intersection (of govt and external debt) is non-ideal for non-US countries in general and extra-bad for developing countries like Turkey as it is payable in foreign currency.
Only the US (and to some degree EU and maybe Japan depending on the recipient brokering on it) can finance its own external debt by simply printing money (and dipping into what is known as larger seigneuriage, i.e the 50 - 100+ year long bedrock of institutionality, credibility and wealth it has established).
Dipping into that brings costs to US (some of what you see just now with the inflation going on currently) but it is much larger flywheel in international system than anyone else, with all the inertia that involves.
If the flywheel of that magnitude is truly in trouble, it means other large flywheels (EU, Japan, China) should start noticeable provable measures against it (eg. Chinese buying+retention of US bonds in amount that they do).....which they have not.
That is all a VERY different subject to a developing country (esp one under 100 million people) and what its pattern should be in getting from tier D ---> C--->B---A etc....and how to say learn from Chinese experience involving this from 80s - present day to scale to a sub-100 million population with its unique context.
It seems all this thread-spam is to deflect and distort from the core realities on the ground....typical internet gaslighting of getting last word in..... that wont work with those with sound rational mind....and those that live on the ground (being talked about in some removed virtual arena) especially so.
If someone here is indeed multi-accounting (for the spam generation and repeated volumetrically inclined circular cringe argument)....that just defeats his own credibility in the end even further and shows a real desperation.
