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Turkey is bankrupt

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Re: Turkey is bankrupt

Postby Paphitis » Sun Nov 28, 2021 12:24 am

Oh btw, it’s not doom or gloom. One of the greatest things in Americ, Australia or Europe is that you do have an opportunity to empower yourself and liberate yourself.

And it can be done in any number of ways. Through education or qualifications to get that great job you enjoy.

Or through business.

America and Australia is full of uneducated people who are quite wealthy and successful. Majority of them Greeks, Italians etc. Also Asians. Now the third wave seems to be Afghan refugees. No one will give them a job so in 10 years time, they will own real estate, expensive cars and pretty much do what the Greeks and Italians did.

Amazing if you ask me…

Why will they succeed. Because they saw total despair and war. They will come to America and Australia and find it hard initially but they will also be the most driven. Hence they will take chances in business. Many will succeed because they got no choice - even if it means working for 12 hours a day. They don’t want to experience hunger because they know what it is like.

Then they will be employers. And als part of the problem. Round and round it goes.
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Re: Turkey is bankrupt

Postby Pyrpolizer » Sun Nov 28, 2021 12:57 am

Lordo wrote:
Maximus wrote:Anyone criticizing the AKP's "economic war of liberation" <--whatever that means

Will now be considered as a national security issue.

"Challenges and threats that Turkey has faced and may face in the process of implementing investment, production, employment, and export oriented economic policies in line with its objectives on the solid infrastructure it has built, have been evaluated,"

"Comments, criticisms, and warnings made by both the opposition and non-governmental organisations, trade unions, academics, economics writers and commentators may be treated within this framework,"

https://ahvalnews.com/turkeys-national- ... t-economic

Lordo wrote:There is only one word to describe anybody who cannot stand their country being critisized for the wrong things they have done and it is called FASCIST.

When your country has done something wrong, you have to accept it but do not blame the people, it is the political leaders that are at fault.


half the population voted for this though, time and time again for two decades.

Finally the lights are begining to be switched on upstair. Just like Erdogan. RoC does not like to be critisized too. When Tony Angastiniotis made the film Voice of Blood critisizing RoC, he lost his job in broadcasting and was driven out of Cyprus too with death threats from your friends.

Notice the similarities?

As to Erdogan winning for 20 years. Welcome to democracy, either you believe in it or you do not. Blame those who voted for him but do not have pleasure for the suffering of those who did not vote for him.


Right. We should sympathize with the voters of Akshener who is worse of a fascist.
When will you realize that it's not only the Government, not only the military, it's almost everybody in Turkey.
who's doing all "investments" on stolen properties in the occupied. Isn't it the funds of the poor Turkish laborers Unions?
Last edited by Pyrpolizer on Sun Nov 28, 2021 1:20 am, edited 1 time in total.
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Re: Turkey is bankrupt

Postby Pyrpolizer » Sun Nov 28, 2021 1:16 am

Turkey’s economy expanded by 21.7% in the second quarter of 2021 – the second highest among G20 countries.
https://www.aa.com.tr/en/economy/world- ... 5-/2384684

Any comments on this? How is it possible?
having such a huge growth and at the same time be on the verge of bankruptcy???
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Re: Turkey is bankrupt

Postby yialousa1971 » Sun Nov 28, 2021 7:11 am

Cap wrote:So this is what this forum has ended being.
Between 2 or 3 people.
Repulse an authentic Cypriot vs Lordo the Anti Cypriot foreigner.

Thank you Repulse, you've given me the strength as much as you could imagine.
I know you've seen my past craziness and identified me as a true Cypriot.
Deep inside I know you know that. We connected many times, oceans apart.
Cyprus in our hearts.
God bless the Republic of Cyprus, God bless Canada.
Leaving this forum for good.

Thank you.


No don't go!!!!!!!!!!!!!! :cry:
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Re: Turkey is bankrupt

Postby Lordo » Sun Nov 28, 2021 11:44 am

Pyrpolizer wrote:
Lordo wrote:
Maximus wrote:Anyone criticizing the AKP's "economic war of liberation" <--whatever that means

Will now be considered as a national security issue.

"Challenges and threats that Turkey has faced and may face in the process of implementing investment, production, employment, and export oriented economic policies in line with its objectives on the solid infrastructure it has built, have been evaluated,"

"Comments, criticisms, and warnings made by both the opposition and non-governmental organisations, trade unions, academics, economics writers and commentators may be treated within this framework,"

https://ahvalnews.com/turkeys-national- ... t-economic

Lordo wrote:There is only one word to describe anybody who cannot stand their country being critisized for the wrong things they have done and it is called FASCIST.

When your country has done something wrong, you have to accept it but do not blame the people, it is the political leaders that are at fault.


half the population voted for this though, time and time again for two decades.

Finally the lights are begining to be switched on upstair. Just like Erdogan. RoC does not like to be critisized too. When Tony Angastiniotis made the film Voice of Blood critisizing RoC, he lost his job in broadcasting and was driven out of Cyprus too with death threats from your friends.

Notice the similarities?

As to Erdogan winning for 20 years. Welcome to democracy, either you believe in it or you do not. Blame those who voted for him but do not have pleasure for the suffering of those who did not vote for him.


Right. We should sympathize with the voters of Akshener who is worse of a fascist.
When will you realize that it's not only the Government, not only the military, it's almost everybody in Turkey.
who's doing all "investments" on stolen properties in the occupied. Isn't it the funds of the poor Turkish laborers Unions?

The investment from Turkey is not normal channels. Most of it is mafia money and the corrupt companies close to Erdogan.

How many times must it be said. The properties in the north are not stolen. They are in the same predicemant as the TC properties in the south with one difference. GCs can apply for compensation or restitution or both and TCs are not allowed.

Can you believe that a legal government does not allow for people to claim their properites but the pirate state does?
It seems it is not just financial world that has turned upside down, so has legal world too.
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Re: Turkey is bankrupt

Postby Maximus » Sun Nov 28, 2021 12:49 pm

Pyrpolizer wrote:Turkey’s economy expanded by 21.7% in the second quarter of 2021 – the second highest among G20 countries.
https://www.aa.com.tr/en/economy/world- ... 5-/2384684

Any comments on this? How is it possible?
having such a huge growth and at the same time be on the verge of bankruptcy???


Its all from pent up consumer demand. this was just for the second quarter of the year, after covid restrictions were lifted.

last year the economy shrank by about 10%. This year it is expected to expand by 8%, so net growth is -2% since last year.

But inflation is running at 20%. so it doesnt matter if the economy is growing if inflation is stinging consumers.

The Turkish market is getting bigger but raw materials, goods and services are becoming disproportionately more expensive.

Pretty much like a company that increases its revenues at the expense of profitability because costs go up in the process.
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Re: Turkey is bankrupt

Postby Lordo » Sun Nov 28, 2021 2:04 pm

Maximus wrote:
Pyrpolizer wrote:Turkey’s economy expanded by 21.7% in the second quarter of 2021 – the second highest among G20 countries.
https://www.aa.com.tr/en/economy/world- ... 5-/2384684

Any comments on this? How is it possible?
having such a huge growth and at the same time be on the verge of bankruptcy???


Its all from pent up consumer demand. this was just for the second quarter of the year, after covid restrictions were lifted.

last year the economy shrank by about 10%. This year it is expected to expand by 8%, so net growth is -2% since last year.

But inflation is running at 20%. so it doesnt matter if the economy is growing if inflation is stinging consumers.

The Turkish market is getting bigger but raw materials, goods and services are becoming disproportionately more expensive.

Pretty much like a company that increases its revenues at the expense of profitability because costs go up in the process.

Take the dummy out your mauf and listen up you hear?

First you have to understand the meaning of the word bankrupt. Here hoes:

Definition of bankrupt
a debtor such as an individual or an organization whose property is subject to voluntary or involuntary administration under the bankruptcy laws for the benefit of the debtor's creditors * Now Troika springs to mind)
or

a person who becomes insolvent

Now then, are you paying attention?

The National Debt of Turkey

Turkey’s gross national debt includes all of the debt instruments issued by the government of Turkey. In 2020, the total national debt of Turkey amounted to a debt-to-GDP ratio of 41.7%. When assets of the Central Bank of Turkey and other publicly held funds are deducted, the net national debt of Turkey is 35.2% of GDP.

How the fuck is Turkey bankrupt then?

Greece recorded a Government Debt to GDP of 205.60 percent of the country's Gross Domestic Product in 2020
Cyprus recorded a Government Debt to GDP of 118.20 percent of the country's Gross Domestic Product in 2020
UK General government gross debt was £2,206.5 billion, or 104.5% of Gross domestic product in 2020,
Italy has the 6th highest debt-to-GDP ratio at 161.8%
UK General government gross debt was £2,206.5 billion, or 104.5% of Gross domestic product in 2020
Government Debt to GDP in France is expected to be 98.60 percent by the end of this quarter,


Are the lights on upstairs?
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Re: Turkey is bankrupt

Postby Maximus » Sun Nov 28, 2021 2:24 pm

How can you compare an emerging market with those countries.

Bankrupt basically means that you cant repay your debts,

So do you think Turkey can go to 100% debt to GDP like those countries Bordo?

Most people are starving or struggling to make ends meet at 40% debt to GDP you know... :roll:

Turks woke up one day and discovered that their brothers are Pakistanis and ended up just like them. :roll:

Pakistan constantly needs bailouts to keep running from when their debt to GDP ratio was like 60%. :roll:
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Re: Turkey is bankrupt

Postby Pyrpolizer » Sun Nov 28, 2021 3:29 pm

Lordo wrote:The investment from Turkey is not normal channels. Most of it is mafia money and the corrupt companies close to Erdogan.

"investment" started a long time ago before Erdogan. At that time it was both mafia and big funds from Turkish trade Unions.

How many times must it be said. The properties in the north are not stolen.
Oh yes I forgot, they have been "exchanged" without the permission of the owner.

They are in the same predicament as the TC properties in the south with one difference. GCs can apply for compensation or restitution or both and TCs are not allowed.

TCs are allowed to TAKE IT BACK!! Big difference. GCs can only apply and what they may get (by 99% of the times) is either rejection or compensation at 1/10th of the real value. That's called cheating over and above initial stealth.

Can you believe that a legal government does not allow for people to claim their properites but the pirate state does?
Just imagine that huh!! Especially when the legal state is in the EU and obliged to the EU court. Obviously the judges at the EU court must have learned the law at the back yard of your kebab house. Most probably you were their professor too.

It seems it is not just financial world that has turned upside down, so has legal world too.
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Re: Turkey is bankrupt

Postby Lordo » Sun Nov 28, 2021 3:30 pm

Maximus wrote:How can you compare an emerging market with those countries.

Bankrupt basically means that you cant repay your debts,

So do you think Turkey can go to 100% debt to GDP like those countries Bordo?

Most people are starving or struggling to make ends meet at 40% debt to GDP you know... :roll:

Turks woke up one day and discovered that their brothers are Pakistanis and ended up just like them. :roll:

Pakistan constantly needs bailouts to keep running from when their debt to GDP ratio was like 60%. :roll:

go buy an abacus boy.

You think pibol in UK or Cyprus or USA are not going hungry? 55 Million people in the USA are below poverty line.

Youuuuuu stupid boy.
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