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Turkey is bankrupt

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Re: Turkey is bankrupt

Postby Lordo » Thu Sep 22, 2022 5:57 pm

It seems to be pointless increasing interest rates to reduce inflation as it is not caused by demand exceeding supply with people having the money in their pockets. It is being caused by corporates making excessive profits due to market going crazy. As we shall find out in the UK, the interest rates have gone up and inflation may go down slightly but all it will do is drive people into poverty, and at the same time while we are lining the pockets of energy companies, we are also lining the pockets of wankers too, ohps I meant to say bankers.
What the fuck purpose will it serve to increase interest rates when we are already in recession?
https://www.bbc.co.uk/news/business-62991376

So TL is now 20.64 today and it is record low or so they say, since fucking when. Last December it was 21.73, Go figure.

May they all burn in hell for what they are doing to the people.
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Re: Turkey is bankrupt

Postby Maximus » Thu Sep 22, 2022 6:42 pm

I dont know what you been drinking tonight bordo,

How you come to the conclusions you do, its either like the 8th wonder of the world or you are a scholar of the central Anatolian school of Erdogonomics. :lol:
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Re: Turkey is bankrupt

Postby Lordo » Thu Sep 22, 2022 6:51 pm

Maximus wrote:I dont know what you been drinking tonight bordo,

How you come to the conclusions you do, its either like the 8th wonder of the world or you are a scholar of the central Anatolian school of Erdogonomics. :lol:

You are full of shit like the rest of the cunts.
How the fuck is increased interest rates reduce demand when millions of people can't even afford the food and have to visit food banks. It is clear as daylight that inflation is not caused by demand due to public buying but instead due to sanction put on Russia which caused huge rise in energy.

The problem is you speak through your arsehole. Stop fucking farting.
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Re: Turkey is bankrupt

Postby Maximus » Thu Sep 22, 2022 7:03 pm

You stupid idiot pleb, so what should Endorgan do now? He hasnt put a single sanction on Russia but has become a conduit for Russian money and trade instead.
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Re: Turkey is bankrupt

Postby Lordo » Thu Sep 22, 2022 7:30 pm

Lets have a look at what is going on in the UK.

Today we have had the 7th successive increase in the interest rates and yet all this time the inflation has been going up. So not only did it not lower the inflation rate, it did not even stop it from increasing.

The Swine of course decided to borrow money on our behalf and stuff it in the pockets of corporations. Add to that the fact that workers have been having minimal increases in wages which is well below inflation.

Instead of just using interest rates to curb inflation, they have nationalised their big energy supplier. Flippin heck the Germans have turned socialists all of a sudden. Not forgetting that Germany got affected by the sanction far more than we did. We only got 15% of our energy from Russia.
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Re: Turkey is bankrupt

Postby Maximus » Thu Sep 22, 2022 7:49 pm

So you got nothing but deflections to the UK economy and expect instant gratification like you are watching a tik tok?

I got you bordo.

try again.
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Re: Turkey is bankrupt

Postby Lordo » Thu Sep 22, 2022 8:24 pm

Here are 4 causes of inflation.

Summary of the main causes of inflation

Demand-pull inflation –
aggregate demand growing faster than aggregate supply (growth too rapid)

Cost-push inflation –
For example, higher oil prices feeding through into higher costs.

Devaluation –
increasing cost of imported goods, and also the boost to domestic demand.

Rising wages –
higher wages increase firms costs and increase consumers’ disposable income to spend more.


If the answer is increase interest rate which ever it is that the assholes have reverted to 1800 mentality.

In the 1800s what ever medical problems you went to the quack with they prescribed a course of leaches and they quacks had the biggest leach farms in the country.
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Re: Turkey is bankrupt

Postby Maximus » Thu Sep 22, 2022 8:36 pm

I know some around here label you as a thinker, but is that the last of your best attempts at being an intellectual?
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Re: Turkey is bankrupt

Postby repulsewarrior » Thu Sep 22, 2022 8:55 pm

Erdogan can only be saved through productivity; that somehow the Turkish People adapt in a manner which facilitates exchange far more efficiently and effectively, among themselves.

...where "our" leadership leaves nothing to chance measuring risk accordingly, Erdogan's Turkey in affect/effect has delegated control to the People themselves, without any control to suffer the cost, to work together and to be self sustaining, to improve their social economy by "being" more loving toward each other despite what they already carry as debt with the rising prices or be crushed; they (at least) control their fate because it is in their hands.
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Re: Turkey is bankrupt

Postby Londonrake » Thu Sep 22, 2022 9:00 pm

Lordo wrote:Here are 4 causes of inflation.

Summary of the main causes of inflation

Demand-pull inflation –
aggregate demand growing faster than aggregate supply (growth too rapid)

Cost-push inflation –
For example, higher oil prices feeding through into higher costs.

Devaluation –
increasing cost of imported goods, and also the boost to domestic demand.

Rising wages –
higher wages increase firms costs and increase consumers’ disposable income to spend more.


If the answer is increase interest rate which ever it is that the assholes have reverted to 1800 mentality.

In the 1800s what ever medical problems you went to the quack with they prescribed a course of leaches and they quacks had the biggest leach farms in the country.


Not forgetting widespread and huge economic stimulus during the Covid epidemic. QE. Etc, etc.

There are lots of factors out with your usual and favourite narrative of people struggling in poverty, due to the filthy swine exploiting them, whilst queuing up at foodbanks. When they aren't being forced into selling their kids as prostitutes or shoving them up chimneys to earn six pence a week. Aye! You were lucky! :roll:
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