TR Economy & Updates

[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.

 

[B_A]

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.

Yes actually we can.Maybe better than them.Erdogan is not a professional expert.

But we didn’t have the Influence /Charismatic of him.

If We become leader tomorrow and we send a right order ,the people don’t obey us.just like later sultans .

Erdogan send a stupid order a lot of people obey him .

Davutoglu became PM ,tried to reduce the power of erdogan and easily defeated.

I even can’t persuade my crush to date with me.

 

[Crush716]

Such an embarrassment

https://twitter.com/i/web/status/1667132393050853378

1 Papua New Guinean Kina is equal to 6.61 Turkish Lira.

 

[UkroTurk]

 

[GoatsMilk]

View attachment 58190

That really hits home how absolutely pathetic AK party has been economically for Turkiye. A country fighting a full blown war against Russia, where 1/10th is currently occupied, with all her cities coming under relentless Russian bombing has a more stable currency then Turkiye.

Honestly when i look at Turkiye its like a country that has gone absolutely mad. Political Islam has rotted the ability of half the nation to be reasonable. We have descended into a nation of "cults" and "personalities" instead of "results" and "reason".

 

[I_Love_F16]

Such an embarrassment

https://twitter.com/i/web/status/1667132393050853378

1 Papua New Guinean Kina is equal to 6.61 Turkish Lira.

How dare you … Erdogan can’t be wrong, he knows everything and he is an economist. With him Turkiye economy is very strong, in 5 years we will surpass all Europe. (Sarcasm off)

 

[guest12]

 

[Lool]

Does anyone know whether Simsek will be able to save the lira or not? And whether the rumors regarding the new lira value to be set at 29? And what is the future plan initiated by the govt or the finance ministry or whoever is in charge of the current fiasco?

 

[moz68k]

In my opinion, they let the Lira crash on purpose with the lower than expected interest rate hike to stimulate tourism and give the banks some breathing space during the transition. The raising of the minimum wage and the relaxing of FX interventions is also indicative of this. I'd expect a much greater hike at the end of August. If Erdo doesn't let that happen due to the upcoming local elections, the little remaining trust and hope for orthodoxy of this cabinet will be completely eroded. No one will invest and the Lira will collapse. We live in this neoliberal dystopia called the "free" market and no amount of ideology or micromanaging can save you from it. The Soviets tried and ultimately failed. Turkey alone cannot change the world's economic system.

Does anyone know whether Simsek will be able to save the lira or not? And whether the rumors regarding the new lira value to be set at 29? And what is the future plan initiated by the govt or the finance ministry or whoever is in charge of the current fiasco?

 

[TheInsider]

The plan is to close FX-protected bank accounts. The interest rate increase will continue until it comes close to the inflation rate. According to their plan inflation will continue to decrease (due to base effect, interest rate increase etc) and interest rates will continue to increase and they will meet somewhere like %30. When those two matches things will cool down. Of course, the dollar will keep gaining value as the economy admin is gently removing the lid on the dollar. Short to medium-term 28-29 medium to long-term 30-32 are likely spots. When things cool down Şimşek will announce the closure of FX-protected accounts redirect creditors to a one-time-only special interest account with a slightly higher interest than normal interest accounts.

Meanwhile, Şimşek is running studies to sell Turkish Airlines, Botaş, and Turk Telekom(again) if shit hits the fan.

 

[Lool]

The plan is to close FX-protected bank accounts. The interest rate increase will continue until it comes close to the inflation rate. According to their plan inflation will continue to decrease (due to base effect, interest rate increase etc) and interest rates will continue to increase and they will meet somewhere like %30. When those two matches things will cool down. Of course, the dollar will keep gaining value as the economy admin is gently removing the lid on the dollar. Short to medium-term 28-29 medium to long-term 30-32 are likely spots. When things cool down Şimşek will announce the closure of FX-protected accounts redirect creditors to a one-time-only special interest account with a slightly higher interest than normal interest accounts.

Meanwhile, Şimşek is running studies to sell Turkish Airlines, Botaş, and Turk Telekom(again) if shit hits the fan.

And is this plan good or Not?
Like, is it the right way to go or not since I read many posts on how it would be better to raise the interest rate massively the first time and keep it at around 40% for a while while the currency improves in value against the dollar