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Turkey is bankrupt

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Re: Turkey is bankrupt

Postby Lordo » Thu Nov 25, 2021 9:39 pm

Very interesting on how a person who seems normal can derive pleasure out of the demise of other people because he does not like their government.

What a world we live in.
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Re: Turkey is bankrupt

Postby Maximus » Thu Nov 25, 2021 10:29 pm

Bordo, wheres that Turkish music.
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Re: Turkey is bankrupt

Postby repulsewarrior » Fri Nov 26, 2021 12:50 am

Maximus wrote:Bordo, wheres that Turkish music.


...that's funny.
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Re: Turkey is bankrupt

Postby Lordo » Fri Nov 26, 2021 3:55 pm

I guess this should ammuse all of you boys. Your broadcaster used to play it all the time before 1974 just to annoy us but it has been very much applicable to you boys since 1974.

I would not want the boy in nappies to crap all over the place and throw al his toys out the cot like.

Enjoy.

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Re: Turkey is bankrupt

Postby Pyrpolizer » Fri Nov 26, 2021 6:35 pm

Lordo wrote:Very interesting on how a person who seems normal can derive pleasure out of the demise of other people because he does not like their government.

What a world we live in.


You didn't understand. I don't just hate their Government, I hate everyone in Turkey who capitalises on our own expense. Which is all. The same is true for the TCs. I don't just hate the various Denktashes, Eroglus, and Tatars pseudo governments, I also hate the TCs who support them.
That's totally normal.
What's abnormal is to resent all GCs as if all the Gcs were Grivases, and Eoka Bs before 1974. That's how you decorated your Bekledim De Gelmedin song.
So, your mama Turka eventually came and saved you huh?
Time to enjoy her kisses. :mrgreen: :mrgreen:
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Re: Turkey is bankrupt

Postby repulsewarrior » Fri Nov 26, 2021 7:12 pm

...in Turkey their are "Turks" just like in Cyprus, hated by the other half of the population who are Turkish.

"Turkishness" as it is being defined by Erdogan threatens all of us. What Turkish Cypriots do matters. In effect, they cannot remain silent in the face of "Cypriot Turks" and their aims. Unity, an enosis, of Cypriots Greek and Turkish will do a great deal to galvanise the People of Turkey to seek change similarly.

...indeed, the Problem is a Turkish problem that rattles it to its core. Turkey is a State in need of Constitutional reform having Constituencies, too.

With its roots in Cyprus it is a good place to begin; in finding the solution.
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Re: Turkey is bankrupt

Postby erolz66 » Fri Nov 26, 2021 7:15 pm

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Re: Turkey is bankrupt

Postby Pyrpolizer » Fri Nov 26, 2021 8:11 pm

erolz66 wrote:https://www.theguardian.com/business/2021/nov/26/markets-warn-central-banks-get-grip-on-inflation-interest-rates


I am not sure this "massive money-printing schemes" is true.
Presumably (from what I remember from discussions with RH) today 90% of the money is electronic.
I think it's most probably in the form of credit to the Banks, who in turn just provide cheap loans to lenders.
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Re: Turkey is bankrupt

Postby erolz66 » Fri Nov 26, 2021 8:52 pm

Pyrpolizer wrote:
erolz66 wrote:https://www.theguardian.com/business/2021/nov/26/markets-warn-central-banks-get-grip-on-inflation-interest-rates


I am not sure this "massive money-printing schemes" is true.
Presumably (from what I remember from discussions with RH) today 90% of the money is electronic.
I think it's most probably in the form of credit to the Banks, who in turn just provide cheap loans to lenders.


Printing money just means creating more money, increasing the supply of it. Electronic or cash does not make any difference. Quantitative easing is just a way for central banks to create more new money (that means your money decreases in value as a result) once they have pushed their other 'growth' levers as far as they will go (interest rates to zero). The whole thing is a massive bubble and it is going to burst. Inflation is going to explode globally. What is happening in Turkey right now is what is coming everywhere.

https://www.investopedia.com/terms/q/qu ... sing%20(QE)%20is%20a,and%20encourage%20lending%20and%20investment.&text=Instead%2C%20a%20central%20bank%20can,amounts%20of%20assets%20to%20purchase.
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Re: Turkey is bankrupt

Postby Maximus » Fri Nov 26, 2021 9:06 pm

erolz66 wrote:
Pyrpolizer wrote:
erolz66 wrote:https://www.theguardian.com/business/2021/nov/26/markets-warn-central-banks-get-grip-on-inflation-interest-rates


I am not sure this "massive money-printing schemes" is true.
Presumably (from what I remember from discussions with RH) today 90% of the money is electronic.
I think it's most probably in the form of credit to the Banks, who in turn just provide cheap loans to lenders.


Printing money just means creating more money, increasing the supply of it. Electronic or cash does not make any difference. Quantitative easing is just a way for central banks to create more new money (that means your money decreases in value as a result) once they have pushed their other 'growth' levers as far as they will go (interest rates to zero). The whole thing is a massive bubble and it is going to burst. Inflation is going to explode globally. What is happening in Turkey right now is what is coming everywhere.

https://www.investopedia.com/terms/q/qu ... sing%20(QE)%20is%20a,and%20encourage%20lending%20and%20investment.&text=Instead%2C%20a%20central%20bank%20can,amounts%20of%20assets%20to%20purchase.


No Its not,

Errordoagain is decreasing interest rates when he should be raising them.

Turkeys central bank is not independent, he controls it and he is taking economic advice from Muslim scholars and the national security council (army).

The major central banks will raise interest rates when they need to raise them.

Inflation is nothing new but what is happening in Turkey right now is completely experimental and gross negligence.
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