The Best Cyprus Community

Skip to content


Turkey is bankrupt

Feel free to talk about anything that you want.

Re: Turkey is bankrupt

Postby Paphitis » Sat Nov 27, 2021 10:40 pm

Maximus wrote:
Paphitis wrote:Well the USD still seems strong, and I’m been waiting for it to slide away.


If the FED raises interest rates, and other major central banks are reluctant to do so,

The interest rate differential between the USD and foreign currency will widen.

Yielding more interest for assets or cash denominated in USD.

when investors buy USD, that increase in demand increases the price of it relative to foreign currency.


The US Fed will raise interest rates late next year to control inflation. This will make the USD stronger.

Doubtful they will be alone though. Australian Federal Reserve will also raise interest rates at the same time. So there would be a wider domino effect with the Eurozone, Canada, Japan, and other larger economies.
User avatar
Paphitis
Leading Contributor
Leading Contributor
 
Posts: 29853
Joined: Sun May 21, 2006 2:06 pm

Re: Turkey is bankrupt

Postby Maximus » Sat Nov 27, 2021 10:42 pm

Paphitis wrote:
Maximus wrote:
Paphitis wrote:Well the USD still seems strong, and I’m been waiting for it to slide away.


If the FED raises interest rates, and other major central banks are reluctant to do so,

The interest rate differential between the USD and foreign currency will widen.

Yielding more interest for assets or cash denominated in USD.

when investors buy USD, that increase in demand increases the price of it relative to foreign currency.


The US Fed will raise interest rates late next year to control inflation. This will make the USD stronger.

Doubtful they will be alone though. Australian Federal Reserve will also raise interest rates at the same time. So there would be a wider domino effect with the Eurozone, Canada, Japan, and other larger economies.


Christine is saying that she is very unlikely to raise interest rates in 2022.
Maximus
Main Contributor
Main Contributor
 
Posts: 6552
Joined: Wed Aug 10, 2011 7:23 pm

Re: Turkey is bankrupt

Postby Maximus » Sat Nov 27, 2021 10:50 pm

repulsewarrior wrote:...on the beaches here in Cyprus, and on the streets in Turkey, he is begging for it. A voice, the People, who want change and who question (his) Authority.

So far, on both counts, those he sees silenced remain silent; not yet, too far: but things do not stay the same forever.


He is going to go full Nicolas Maduro on them.

One AKP party official was saying the other day that people should buy 2 tomatoes instead of 2kg, buy 2 kgs of rice instead of 20, buy less meat etc....

Thats their solution to the devastation they are going to cause in the name of their "economic war of liberation".

If anyones got a problem with that, they will get Hulusi Akar's boots up their bum.

And some donkeys want to join at the hip through a BBF with the puppet in the north...... :roll:
Last edited by Maximus on Sat Nov 27, 2021 10:55 pm, edited 3 times in total.
Maximus
Main Contributor
Main Contributor
 
Posts: 6552
Joined: Wed Aug 10, 2011 7:23 pm

Re: Turkey is bankrupt

Postby Paphitis » Sat Nov 27, 2021 10:52 pm

Maximus wrote:
Paphitis wrote:
Maximus wrote:
Paphitis wrote:Well the USD still seems strong, and I’m been waiting for it to slide away.


If the FED raises interest rates, and other major central banks are reluctant to do so,

The interest rate differential between the USD and foreign currency will widen.

Yielding more interest for assets or cash denominated in USD.

when investors buy USD, that increase in demand increases the price of it relative to foreign currency.


The US Fed will raise interest rates late next year to control inflation. This will make the USD stronger.

Doubtful they will be alone though. Australian Federal Reserve will also raise interest rates at the same time. So there would be a wider domino effect with the Eurozone, Canada, Japan, and other larger economies.


Christine is saying that she is very unlikely to raise interest rates in 2022.


What’s very funny though is how some people here are comparing Turkey to America. Saying that America is doing the same as Erdogan.

Fir starters, Turkey is in deep shit. They are on the verge of bankruptcy.

The US on the other hand is an extremely robust and advanced economy with massive commercialism, the biggest corporations on the planet. And we are not talking about corporations that sell Turkish Delights. We are talking snout Coca Cola, Apple, Microsoft, Tesla, Amazon, Google, Facebook, Amazon, Boeing, various Defence companies, various car makers etc etc. We can go on forever.

It’s quite the delusion comparing Turkey to America. One has a pretty advance civilisation, and the other is almost an Islamist State.

Yes there are dumb people in the states and the corporations control the Government but that is everywhere, including Australia. Our corporates are very much in control. We literally have one guy controlling we over half our media. In a democracy, that one guy can sway elections. People live under an illusion of democracy. People all over the world need to understand that their governments don’t give a stuff about them. Doesn’t matter what party wins. If you work for a corporate, you are a SLAVE. Plus they probably do want the those Slaves to be uneducated. To lower labour costs otherwise who is Bezos going to have working in his mega facilities?

It’s actually worse in Greece and Cyprus because the local populations there are quite politically active working for their Masters thinking they will get something in return. Now that’s pretty dam dumb if you ask me.
Last edited by Paphitis on Sat Nov 27, 2021 10:58 pm, edited 1 time in total.
User avatar
Paphitis
Leading Contributor
Leading Contributor
 
Posts: 29853
Joined: Sun May 21, 2006 2:06 pm

Re: Turkey is bankrupt

Postby Maximus » Sat Nov 27, 2021 10:57 pm

Its earholez,

He is getting all muddled up with what is going to happen to asset prices when inflation kicks in.

he is going to hedge against inflation by selling everything and sitting on the cash. :lol:
Last edited by Maximus on Sat Nov 27, 2021 11:01 pm, edited 1 time in total.
Maximus
Main Contributor
Main Contributor
 
Posts: 6552
Joined: Wed Aug 10, 2011 7:23 pm

Re: Turkey is bankrupt

Postby Paphitis » Sat Nov 27, 2021 10:59 pm

Maximus wrote:Its earholez,

He is even getting all muddled up with what is going to happen to asset prices when inflation kicks in.


Like housing?

Nothing much will happen other than it y flatten out a little. Land can’t be produced.

And when we are talking about interest rate rises, they will be nominal raises up to about 1% which is well within the comfort zones of most. The Feds are aware how far they can go before choking people or the Corporates.
User avatar
Paphitis
Leading Contributor
Leading Contributor
 
Posts: 29853
Joined: Sun May 21, 2006 2:06 pm

Re: Turkey is bankrupt

Postby Paphitis » Sat Nov 27, 2021 11:08 pm

When they talk about consumerism in the west, what they mean is people buying stuff they don’t need and can’t afford.

On the Credit card. These are the chains that bound today’s slaves to work on minimum wage. That’s what the rich want. They make money on the stupidity and win again when these low IQ people need to work fir them for next to nothing.

It happens everywhere.

That’s how it all works.
User avatar
Paphitis
Leading Contributor
Leading Contributor
 
Posts: 29853
Joined: Sun May 21, 2006 2:06 pm

Re: Turkey is bankrupt

Postby Paphitis » Sun Nov 28, 2021 12:06 am

The biggest threat the establishment ever had in recent years was Trump.

I’m Trump, we had a Maverick that wouldn’t listen to them. If you didn’t tow the line, it didn’t matter who you are.

One of the biggest achievements was clamping down on illegal immigration and people without papers. A source of cheap Labour for employees. A modern day slave trade supported by the Democrats and even the anti Trump republicans who represent the elites. Rest assured, they do not represent the other 99%, you or me.

They represent the Murdochs, Gates, Bezos, et al but not us.

This isn’t just in America btw. It is well and truly entrenched in Greece and Cyprus too. Fancy working a 40 hour week for 600 euros per month? I don’t want to get out of bed.

If you are going to work for someone, then you either got to educate and qualify yourself to get a job with a good salary doing something you enjoy. Jobs like this do exist but only 20% of people will be fortunate enough to get one. And fewer still will enjoy what they do.

OR, you set up a business and employ people which makes you part of the problem. But at least you are in control and free. And not everyone who goes into business will succeed so it’s easier said than actually done, but not impossible. Plenty of examples of successful family run businesses out there. Unfortunately plenty of examples of financial ruin and bankruptcy as well.

Which only acts to deter 95% of people back into Slavery on 600 euros per month. And maintains the supply of cheap Labour.

Most people live in a state delusion or are too dumb. The rich build their fortunes on dumb, and cheap labour. Which is why they like illegal immigrants too. It’s not about their welfare. It’s about how they can tap into the labour source and buy their time for as little money as possible. Exploiting the vulnerable even more.

I warned people about this many times.

I’ve said it before. I use to be politically active. Met so many politicians and even got well known. Voted at every election and even volunteered and donated,

But I don’t vote anymore. There is something that grinds me about voting for a Master, to keep their chair, and acting like a slave. I’m now a permanent resident of the US. So that status has allowed me to remove my name from the electoral rolls in Australia. It’s liberating. Because it was an illusion of democracy.

If the majority of people did that, then chances are the chains of slavery will loosen up. But as it is now, most people are asking for more chains around their necks and feet.

What’s the solution? Don’t know. Have no idea what the solution is. Just trie to free yourselves I suppose by educating and qualifying yourselves. Or go into business. Far better to own a fruit and veg or a fast food takeaway than to be used for cheap Labour.

If you think Governments around the world care about you or whether you die of Covid or not, then you got another thing coming. This is about wealth redistribution from the poor into the pockets of those who own the major drug companies over vaccines that do not work. It’s now proven to not work with Omicron. Just another opportunity to make another 200 billion from the taxes of the slaves.

You, I and 99.9% of us don’t matter.
User avatar
Paphitis
Leading Contributor
Leading Contributor
 
Posts: 29853
Joined: Sun May 21, 2006 2:06 pm

Re: Turkey is bankrupt

Postby Lordo » Sun Nov 28, 2021 12:14 am

Trump is the establishment you stupid cunt.
User avatar
Lordo
Leading Contributor
Leading Contributor
 
Posts: 16232
Joined: Wed Oct 05, 2011 2:13 pm
Location: softalar, banana republic

Re: Turkey is bankrupt

Postby Paphitis » Sun Nov 28, 2021 12:18 am

Lordo wrote:Trump is the establishment you stupid cunt.


No he wasn’t. Rich yes. An employer yes.

A loose cannon and back chatter to the elites definitely.

He riled the establishment up so much, they had to mobilise all their stupid slaves to get rid of him.

Why? Because cheap labour on $2 dollars an hour was becoming scarecrow was the real reason. You might be able to buy a couple of Tacos.
User avatar
Paphitis
Leading Contributor
Leading Contributor
 
Posts: 29853
Joined: Sun May 21, 2006 2:06 pm

PreviousNext

Return to General Chat

Who is online

Users browsing this forum: No registered users and 1 guest