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Turkey is bankrupt

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Re: Turkey is bankrupt

Postby Kikapu » Wed Jul 14, 2021 11:38 am

Lordo wrote:
Kikapu wrote:
Lordo wrote:
Kikapu wrote:
Lordo wrote:
Kikapu wrote:Turkey has lost one more place on the world’s GDP list to Switzerland. Erdogan was hoping to make Turkey the world’s 10th largest economy few years ago from 17th place, but now has fallen to 19th place if we exclude the EU areas GDP. No doubt the weakness and the constant depreciation of the Turkish lira against the US Dollar is the main cause.

55B8C609-54EA-43FB-ABBD-B401953802BA.png


https://tradingeconomics.com/

However USA has 123 Trillion debt.
UK has 2.4 Trillion debt (4.5 Trillion with when my pension is included)


We can subtract 100 Trillion from your claim for the USA down to 23T. :wink:

Enjoy. I did not make it up. Honest gov.

https://www.visiontimes.com/2021/04/29/us-national-debt-123-trillion.html


Yes, you are including future debts for unknown period of time for various future services. :wink:

I am not, they are, and they are right. You cannot ignore the future payments of people alive today especially pensions and medical care. It is a far more accurate that simple shop financial calculations of todays trade as it were.
Not that different to what corporations do with the pension pot. They use it for theit personal use and when the time comes the pot is empty.


This statement is from your link.

By comparison, the Department of Treasury calculates federal debt at $28 trillion. The gigantic discrepancy between the two figures is because the Treasury does not include proposed future spending.
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Re: Turkey is bankrupt

Postby Lordo » Wed Jul 14, 2021 9:58 pm

Kikapu wrote:
Lordo wrote:
Kikapu wrote:
Lordo wrote:
Kikapu wrote:
Lordo wrote:
Kikapu wrote:Turkey has lost one more place on the world’s GDP list to Switzerland. Erdogan was hoping to make Turkey the world’s 10th largest economy few years ago from 17th place, but now has fallen to 19th place if we exclude the EU areas GDP. No doubt the weakness and the constant depreciation of the Turkish lira against the US Dollar is the main cause.

55B8C609-54EA-43FB-ABBD-B401953802BA.png


https://tradingeconomics.com/

However USA has 123 Trillion debt.
UK has 2.4 Trillion debt (4.5 Trillion with when my pension is included)


We can subtract 100 Trillion from your claim for the USA down to 23T. :wink:

Enjoy. I did not make it up. Honest gov.

https://www.visiontimes.com/2021/04/29/us-national-debt-123-trillion.html


Yes, you are including future debts for unknown period of time for various future services. :wink:

I am not, they are, and they are right. You cannot ignore the future payments of people alive today especially pensions and medical care. It is a far more accurate that simple shop financial calculations of todays trade as it were.
Not that different to what corporations do with the pension pot. They use it for theit personal use and when the time comes the pot is empty.


This statement is from your link.

By comparison, the Department of Treasury calculates federal debt at $28 trillion. The gigantic discrepancy between the two figures is because the Treasury does not include proposed future spending.


Of course the Treausry department wil lsay that. A little bit like how the Office of National Statistics only counts the covid deathswhich had been tested no more than 28 days ago. Surely the money to be paid out next year must be included in the debt because it has to be paid. Which government in the world has been honest with their public?
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