TR Economy & Updates

[GoatsMilk]

Well they wasted billions of taxpayer dollars to hold it for this long. I mean everyone knew this was going to happen and it will continue to fall for the foreseeable future unfortunately

how many years now have we had of erdogans economy giving us record lows? Its like the lira is near worthless but its still got many years left of devaluation to go. How on earth can these guys be so good at consistently destroying the lira? And can you imagine half the country voted for these failures, thats insanity.

And what a deception, instead of voting for results, they were manipulated to vote over fears of the "other" being a bigger tragedy. Continue down this path and mass poverty is the Turkish future.

 

[moz68k]

This is bittersweet news. At least they've been forced to return to orthodoxy. Painful short- and medium-term stagflation ahead, but—as long as they stick to a rational fiscal and monetary policy—at least the long-term health of the economy will be spared. Erdonomics was a gamble, a failed experiment with a population of 85 million lab rats. I'm glad that even though in that CNN interview just before the election where Erdo appeared to stick to his campaign promise of Erdonomics, he betrayed his voters. Though I really doubt they voted for his economic policies in the first place, and not his cult of personality.

 

[B_A]

This is bittersweet news. At least they've been forced to return to orthodoxy. Painful short- and medium-term stagflation ahead, but—as long as they stick to a rational fiscal and monetary policy—at least the long-term health of the economy will be spared. Erdonomics was a gamble, a failed experiment with a population of 85 million lab rats. I'm glad that even though in that CNN interview just before the election where Erdo appeared to stick to his campaign promise of Erdonomics, he betrayed his voters. Though I really doubt they voted for his economic policies in the first place, and not his cult of personality.

I think It was like Abenomics. limited success but destroyed by Covid virus.

 

[moz68k]

I think It was like Abenomics. limited success but destroyed by Covid virus.

In a way, yes, there was a tiny chance it could work, if there weren't so many domestic and international catastrophes. However, Japan has a storied industrial and service sector and far more goodwill from investors, things that Turkey sorely lacks. Even then, the BoJ is struggling to raise interest rates. It was silly to think that a growth and stimulus oriented approach would work for Turkey's current economy.

 

[B_A]

In a way, yes, there was a tiny chance it could work, if there weren't so many domestic and international catastrophes. However, Japan has a storied industrial and service sector and far more goodwill from investors, things that Turkey sorely lacks. Even then, the BoJ is struggling to raise interest rates. It was silly to think that a growth and stimulus oriented approach would work for Turkey's current economy.

Japanese weaknesses:

Very Aged population
Huge government deficit and debt(260% gdp)
0 % interest rates
Lack of natural resource

Turkish weaknesses:

Huge trade deficit
bad relationship with west
Weak industry compare with Korea Japan
Without any international brand
Lack of natural resource /a little better than japan
Very bad neighbour country

Talk to overcome the problem of Turkey is easy but very hard to do.

If our civilian industry as good as our armed drone everything ıs fine

TOGG is a good idea but a bit too late.

But the CHP supporter still attacking them.
Without good industry,the problem of our economy will never change.

Abe and Erdogan were tried to do some change,which is better than do nothing

 

[Tornadoss]

Japanese weaknesses:

Very Aged population
Huge government deficit and debt(260% gdp)
0 % interest rates
Lack of natural resource

Turkish weaknesses:

Huge trade deficit
bad relationship with west
Weak industry compare with Korea Japan
Without any international brand
Lack of natural resource /a little better than japan
Very bad neighbour country

Talk to overcome the problem of Turkey is easy but very hard to do.

If our civilian industry as good as our armed drone everything ıs fine

TOGG is a good idea but a bit too late.

But the CHP supporter still attacking them.
Without good industry,the problem of our economy will never change.

Abe and Erdogan were tried to do some change,which is better than do nothing

Projects such as TOGG shouldn't have been politicized but it happened. You can not just blame the opposition for it.

 

[Rodeo]

We have more than $160B external debt to pay in the short term(in less than a year). Unless we start attracting dollars from abroad very soon, we might very well start seeing the catastrophe of balance of payments crisis.

I'm increasingly of the opinion that we will have to resort to IMF in the end.

TCMB - Kısa Vadeli Dış Borç İstatistikleri

Türkiye Cumhuriyet Merkez Bankası, ülkemizde para ve kur politikalarının yönetilmesinden sorumlu kurumdur. Merkez Bankasının temel amacı fiyat istikrarını sağlamaktır.

www.tcmb.gov.tr

 

[B_A]

Projects such as TOGG shouldn't have been politicized but it happened. You can not just blame the opposition for it.

Not Erdogan or AKP good but Our country love foreign goods and brand for too long time.Since the age of 1800s

When the Japanese Korean and Chinese creating their own brand.AKP done a few high tech and politicized that, but other governments before just done low-tech industry which cant export overseas to earn money

 

[GoatsMilk]

Japanese weaknesses:

Very Aged population
Huge government deficit and debt(260% gdp)
0 % interest rates
Lack of natural resource

Turkish weaknesses:

Huge trade deficit
bad relationship with west
Weak industry compare with Korea Japan
Without any international brand
Lack of natural resource /a little better than japan
Very bad neighbour country

Talk to overcome the problem of Turkey is easy but very hard to do.

If our civilian industry as good as our armed drone everything ıs fine

TOGG is a good idea but a bit too late.

But the CHP supporter still attacking them.
Without good industry,the problem of our economy will never change.

Abe and Erdogan were tried to do some change,which is better than do nothing

Maybe the biggest weakness is the massive levels of corruption and cronyism. Just think of all the unqualified idiots that have taken important positions within Turkiye because of erdogan. One of most glaring failures was him placing his shockenly incompetent other son in law in charge of the central bank. Everyone knew that was a disaster, but the country had to lose and lose big time before he was replaced.

But at the end of the day Turkiye is exactly where she belongs and she belongs there because of the general level of intelligence of the population. You can't expect a nation where half the population gets aroused/excited when they hear "They may have dollars, but we have Allah" to be a first world nation. That sort of talk is stuff you should only hear in the middle ages.

A rational society would hear such talk and turn on that leader knowing that it means he has no answers to solve the terrible economy he created. Because that terrible economy means everyone in family is going to suffer more economic hardships. And that sort of talk is also an insult, erdogan and his boys know the people are easily to fool using religion and they exploit to its fullest.

But the biggest danger facing Turkiye is the minority class with skills and intellectual ability leaving the country to work in first world nations. Just in my area alone here in the UK which is a small town, in the past 3 years i know about 10 Turkish families who left Turkiye to come live here and work in good jobs. With all of them the story is always the same, why put up with all the backward nonsense in Turkiye when they can come here live a good a life and earn good money.

 

[Zafer]

Projects such as TOGG shouldn't have been politicized but it happened. You can not just blame the opposition for it.

TOGG would not happen without strong push by Erdoğan, lets give credit where credit is due. It is not a government project that belongs to the state, it is a private sector project for the most part, so Erdoğan is fully entitled to take credit for it. There is not a second power in Türkiye by whom this project could be enabled. Take Erdoğan out of it this would not happen in a thousand years, period.

 

[B_A]

Maybe the biggest weakness is the massive levels of corruption and cronyism. Just think of all the unqualified idiots that have taken important positions within Turkiye because of erdogan. One of most glaring failures was him placing his shockenly incompetent other son in law in charge of the central bank. Everyone knew that was a disaster, but the country had to lose and lose big time before he was replaced.

But at the end of the day Turkiye is exactly where she belongs and she belongs there because of the general level of intelligence of the population. You can't expect a nation where half the population gets aroused/excited when they hear "They may have dollars, but we have Allah" to be a first world nation. That sort of talk is stuff you should only hear in the middle ages.

A rational society would hear such talk and turn on that leader knowing that it means he has no answers to solve the terrible economy he created. Because that terrible economy means everyone in family is going to suffer more economic hardships.

Of course i am not protect them but the unqualified idiots also in Japan top.Japan leaders also send their power to their stupid sons

The strange truth about Japan’s climate change target

Japan has just raised its target for reducing carbon emissions from 26 per cent to 46 per cent (by 2030 from 2013 levels). But how was this figure arrived at, environment minister Shinjiro Koizumi was asked? Through a careful analysis of the threat and a realistic assessment of what could be...

www.spectator.co.uk

Shinjiro Koizumi, son of former prime minister Junichiro Koizumi

Yoshirō Mori - Wikipedia

en.wikipedia.org

The media coverage of Mori's term as prime minister was dominated by his gaffes and undiplomatic comments. Even prior to his election as prime minister, he had been described in the Japanese media as having "the heart of a flea and the brain of a shark".


But maybe the difference was that they had very good middle class.

 

[GoatsMilk]

Shinjiro Koizumi, son of former prime minister Junichiro Koizumi

Yoshirō Mori - Wikipedia

en.wikipedia.org

The media coverage of Mori's term as prime minister was dominated by his gaffes and undiplomatic comments. Even prior to his election as prime minister, he had been described in the Japanese media as having "the heart of a flea and the brain of a shark".

Could you imagine the media in Turkiye portraying erdogan as the same, the reporter would fear being arrested and thrown in jail.

 

[Crush716]

TOGG would not happen without strong push by Erdoğan, lets give credit where credit is due. It is not a government project that belongs to the state, it is a private sector project for the most part, so Erdoğan is fully entitled to take credit for it. There is not a second power in Türkiye by whom this project could be enabled. Take Erdoğan out of it this would not happen in a thousand years, period.

Well economy would not be in shambles without a strong push by Erdogan, let’s give credit where it’s due. This economic catastrophe is a government result and belongs to the state, so Erdogan is fully entitled to take credit for this mess as well. There is not a second power in Turkiye by whom could create an embarrassment of economic collapse except by Erdogan, he should also take credit for that. Take Erdogan out of it, Turkiye would not be in this deep of crisis in a thousand years, period.

listen guys it’s ok to criticize Erdogan if he fucks up. If you’re going to constantly praise him and make him look like a god, he’s never going to care about what the people want or need. Presidents are there to serve its people. It’s people like you and me thats being punished because of his ego.

 

[B_A]

Also I think there's a man similar to Erdoğan in this time

Kara Mustafa after battle of Vienna.

Truly he made a lot of mistakes and responsible of the disaster of Vienna.

But now noone can replace him.If fire him now there will be worse because Kılıçdaroğlu can't control the country.

We can only bet Erdoğan can do better in this hard time.

He is old and Will finally leave within these years

 

[GoatsMilk]

Also I think there's a man similar to Erdoğan in this time

Kara Mustafa after battle of Vienna.

Truly he made a lot of mistakes and responsible of the disaster of Vienna.

But now noone can replace him.If fire him now there will be worse because Kılıçdaroğlu can't control the country.

We can only bet Erdoğan can do better in this hard time.

He is old and f
Will finally leave within these years

But in the end the Ottoman empire was destroyed.

The real problem is that neither erdogan or kilic should have any supporters, both have shown incompetence and treason, especially erdogan whose been in charge for the last 20 years.

But the way it looks, it doesnt matter when erdogan goes the Turks will replace him with another failure. And the failure will last as long as it needs to last before the nation collapses.

And like i say if all the brains are looking for a way out of the country, whose left to solve the problem?

 

[B_A]

But in the end the Ottoman empire was destroyed.

The real problem is that neither erdogan or kilic should have any supporters, both have shown incompetence and treason, especially erdogan whose been in charge for the last 20 years.

But the way it looks, it doesnt matter when erdogan goes the Turks will replace him with another failure. And the failure will last as long as it needs to last before the nation collapses.

And like i say if all the brains are looking for a way out of the country, whose left to solve the problem?

We should remember the days still good under Erdoğan before 2013-2014

 

[GoatsMilk]

We should remember the days still good under Erdoğan before 2013-2014

The good days were because of the policies formulated by kemal dervis. But around 2007/8 we entered AK party economics and here we are now. Every week a new fresh low on the lira.

Don't expect any solutions from these people, you will only get more economic failure.

 

[fushkee]

Far before 2013-2014, there was a plenty of money (dollars) around the world. US printed a lot and the money threw at developing countries like us. Unlike the others, we used it for just rubbish projects and constructions, not production, R&D, so on. Now, that money is not here any more and we are in deep because we cannot produce any high-valued materials, equipment. Obviously, it was not because of Erdogan. it was only because plenty of dollars strolling around the world.
In present time, economy in deep. The governance of country has been more authoritarian. Only one person decides for the people's and country's future. He declared himself as a "economist" who knows everything. And we are waiting for a hope from this government that we will get rid of economical collapse. Don't dream!
Even Mehmet Şimşek can save us from this catastrophe. Because The problem is obvious. And we can not see any light at the end of this tunnel unless governance style changes. The market knows everything that without Erdogan goes, it will never be good. I am sorry to say that but it will be worse and worse.

 

[B_A]

Far before 2013-2014, there was a plenty of money (dollars) around the world. US printed a lot and the money threw at developing countries like us. Unlike the others, we used it for just rubbish projects and constructions, not production, R&D, so on. Now, that money is not here any more and we are in deep because we cannot produce any high-valued materials, equipment. Obviously, it was not because of Erdogan. it was only because plenty of dollars strolling around the world.
In present time, economy in deep. The governance of country has been more authoritarian. Only one person decides for the people's and country's future. He declared himself as a "economist" who knows everything. And we are waiting for a hope from this government that we will get rid of economical collapse. Don't dream!
Even Mehmet Şimşek can save us from this catastrophe. Because The problem is obvious. And we can not see any light at the end of this tunnel unless governance style changes. The market knows everything that without Erdogan goes, it will never be good. I am sorry to say that but it will be worse and worse.

The good days were because of the policies formulated by kemal dervis. But around 2007/8 we entered AK party economics and here we are now. Every week a new fresh low on the lira.

Don't expect any solutions from these people, you will only get more economic failure.

The main problem is the trade deficit.
Without strong export industries Turkiye can never be a developed country.

 

[Baryshx]

Also I think there's a man similar to Erdoğan in this time

Kara Mustafa after battle of Vienna.

Truly he made a lot of mistakes and responsible of the disaster of Vienna.

But now noone can replace him.If fire him now there will be worse because Kılıçdaroğlu can't control the country.

We can only bet Erdoğan can do better in this hard time.

He is old and Will finally leave within these years

Should we call them advisors? They seem to be in charge of everything.

Like any leader, even if you or I run this country, we can find such advisors.