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Turkey is bankrupt

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Re: Turkey is bankrupt

Postby Maximus » Tue Nov 03, 2020 6:46 pm

Kikapu wrote:
Maximus wrote:Endorgans government are drafting up plans for a wealth tax,

This is their answer to their economic mismanagement and failures.

It looks like the "wealthy" are going to get their assets fleeced to bolster the countries finances.

So everyone will become equally poor to continue to fund his megalomania.

https://ahvalnews.com/turkish-lira/turk ... icials-say

Erdogan and his gang of thieves have already moved their stolen wealth offshore long time ago. :D


Probably,

he better start thinking about moving himself as well.

Because he will probably end up getting lynched or imprisoned once it has all been said and done,

There is no way he can become a civilian in Turkey again without constantly having to look over his shoulder.
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Re: Turkey is bankrupt

Postby Kikapu » Sun Nov 08, 2020 9:52 pm

Turkey’s finance minister Albayrak, Erdogan’s son in law had resigned today after 5 years in office, citing for “health reasons”. I think it’s called high inflation, constant devaluation of the Turkish Lira, artificial low interest rates, terrible economy and a delusional of grandeur father in law, Erdogan. :D
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Re: Turkey is bankrupt

Postby DT. » Mon Nov 09, 2020 12:44 pm

Kikapu wrote:Turkey’s finance minister Albayrak, Erdogan’s son in law had resigned today after 5 years in office, citing for “health reasons”. I think it’s called high inflation, constant devaluation of the Turkish Lira, artificial low interest rates, terrible economy and a delusional of grandeur father in law, Erdogan. :D


Thought he got caught doing the mambo with some ISIS petrol imports
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Re: Turkey is bankrupt

Postby Maximus » Mon Nov 09, 2020 1:02 pm

the lira has strengthened by about 50 cents to the USD since the announcement that he resigned..

There is the answer, until endorgan puts another puppet in his place to continue with his disastrous economic policies.

The best thing for Turkey's economy at the moment would be for endorgan to resign as well.

The Lira might reverse all its losses then.

:lol:
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Re: Turkey is bankrupt

Postby Kikapu » Mon Nov 09, 2020 1:13 pm

Maximus wrote:the lira has strengthened by about 50 cents to the USD since the announcement that he resigned..

There is the answer, until endorgan puts another puppet in his place to continue with his disastrous economic policies.

The best thing for Turkey's economy at the moment would be for endorgan to resign as well.

The Lira might reverse all its losses then.

:lol:

Expect a steep interest hike soon! :wink:
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Re: Turkey is bankrupt

Postby Maximus » Mon Nov 09, 2020 5:07 pm

I estimate that the rate needs to be hiked beyond 30% but Endorgan wont allow it.

That is why his son in law resigned,

He knows what needs to be done but he wont go against Endorgan.

The next puppet to take his place will just continue doing as he is told.
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Re: Turkey is bankrupt

Postby Kikapu » Mon Nov 09, 2020 5:15 pm

Maximus wrote:I estimate that the rate needs to be hiked beyond 30% but Endorgan wont allow it.

That is why his son in law resigned,

He knows what needs to be done but he wont go against Endorgan.

The next puppet to take his place will just continue doing as he is told.


There are only two options for Erdogan at this point, let the TL keep on spiraling out of control or hike the rate substantially. Either way, he will get nailed With bad economy as a result. What Erdogan needs is the Aladdin’s Lamp for same miracle. :D
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Re: Turkey is bankrupt

Postby Londonrake » Mon Nov 09, 2020 5:15 pm

Maximus wrote:The next puppet to take his place will just continue doing as he is told.


Is the pay good? Seeing as we’re apparently “Bum chums” ‘n’ all. :D
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Re: Turkey is bankrupt

Postby Maximus » Fri Dec 04, 2020 6:28 pm

With the COVID-19 coronavirus pandemic ravaging the country, Turkey will soon have to seek assistance from the International Monetary Fund (IMF)

The Turkish authorities have no room for policy errors after inflation climbed at a faster pace than expected in November, U.S. investment bank JPMorgan said. The country’s consumer price inflation accelerated to 14 percent in November from 11.9 percent in October, the Turkish Statistical Institute said on Thursday. The rate was the highest in 15 months.

“If the IMF doesn’t come to Turkey within one to two months, people in this country will perish due to the pandemic and starvation.” Veteran economist and Ahval contributor Atilla Yeşilada said in a televised debate on Thursday., speaking at opposition network TELE 1.

https://ahvalnews.com/turkey-imf/turkey ... -economist
https://ahvalnews.com/turkey-economy/tu ... organ-says
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