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Turkey is bankrupt

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Re: Turkey is bankrupt

Postby Maximus » Fri Oct 21, 2022 5:01 pm

That is not a solution, tell me how much windfall profit from the turkiye energy companies erdogoon should take? :roll:
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Re: Turkey is bankrupt

Postby Pyrpolizer » Fri Oct 21, 2022 5:15 pm

I think you guys have to search for the cause of inflation.
The war in Ukraine actually benefited Turkey. Therefore the source of inflation is either within Turkey or an attack on it's currency.
In the EU and UK, the inflation is caused by the disruption of Energy and grain supplies. Increase in interest rates would have almost zero effect. This inflation is 'imported"
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Re: Turkey is bankrupt

Postby Maximus » Fri Oct 21, 2022 5:24 pm

I know this is a Turkish self inflicted problem.

Unfortunately, our resident bordo yerimo vremenon sovrako thinks its got to do with foreign energy companies. :roll:

Bordogolomics is what he thinks
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Re: Turkey is bankrupt

Postby Lordo » Fri Oct 21, 2022 6:03 pm

Pyrpolizer wrote:I think you guys have to search for the cause of inflation.
The war in Ukraine actually benefited Turkey. Therefore the source of inflation is either within Turkey or an attack on it's currency.
In the EU and UK, the inflation is caused by the disruption of Energy and grain supplies. Increase in interest rates would have almost zero effect. This inflation is 'imported"

Energy prices did increase in Turkey too like the rest of the EU because they buy their resources from the same market. Certainly, some Erdogan friendly corporations may have benefitted from the war but not the economy as a whole. The people there are suffering from the one we are all suffering from and that is the false market and energy prices sky high.
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Re: Turkey is bankrupt

Postby Maximus » Fri Oct 21, 2022 7:11 pm

The Turkiyeans are suffering due to erdoganonitis.

Erdogan has imploded the country due to his party's corruption, looting, gross economic negligence and terrible foreign policy.

its all self inflicted and started way before corona virus was a thing. :roll:
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Re: Turkey is bankrupt

Postby Pyrpolizer » Fri Oct 21, 2022 8:16 pm

Lordo wrote:
Pyrpolizer wrote:I think you guys have to search for the cause of inflation.
The war in Ukraine actually benefited Turkey. Therefore the source of inflation is either within Turkey or an attack on it's currency.
In the EU and UK, the inflation is caused by the disruption of Energy and grain supplies. Increase in interest rates would have almost zero effect. This inflation is 'imported"


Energy prices did increase in Turkey too like the rest of the EU because they buy their resources from the same market. Certainly, some Erdogan friendly corporations may have benefitted from the war but not the economy as a whole. The people there are suffering from the one we are all suffering from and that is the false market and energy prices sky high.


Don't forget that Turkey has it's own oil fields most of them in Turkish Kurdistan, covering 7% of it's needs. Also never suffered from gas or grain supply shortages from Russia, plus it was flooded with Russian tourists during the summer leaving behind considerable gains. Also considering what happens in the occupied they don't apply 25% tax on petrol as per EU so petrol is relatively cheap. The inflation rise this year in no way can be attributed to the increase of oil prices alone.
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Re: Turkey is bankrupt

Postby Lordo » Fri Oct 21, 2022 8:49 pm

Pyrpolizer wrote:
Lordo wrote:
Pyrpolizer wrote:I think you guys have to search for the cause of inflation.
The war in Ukraine actually benefited Turkey. Therefore the source of inflation is either within Turkey or an attack on it's currency.
In the EU and UK, the inflation is caused by the disruption of Energy and grain supplies. Increase in interest rates would have almost zero effect. This inflation is 'imported"


Energy prices did increase in Turkey too like the rest of the EU because they buy their resources from the same market. Certainly, some Erdogan friendly corporations may have benefitted from the war but not the economy as a whole. The people there are suffering from the one we are all suffering from and that is the false market and energy prices sky high.


Don't forget that Turkey has it's own oil fields most of them in Turkish Kurdistan, covering 7% of it's needs. Also never suffered from gas or grain supply shortages from Russia, plus it was flooded with Russian tourists during the summer leaving behind considerable gains. Also considering what happens in the occupied they don't apply 25% tax on petrol as per EU so petrol is relatively cheap. The inflation rise this year in no way can be attributed to the increase of oil prices alone.

Two main reasons.
One is the fact the financial market attacked TL and devalued it before the war in Ukriane which started inflation increasing inflation and then the energy prices are certainly not any cheaper to the consumers
The second is allowing in cheap imports into the country kills off the local producers. Having to import wheat and animal feed into a country like Turkey, is driving people in agriculture into the cities looking for work.
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Re: Turkey is bankrupt

Postby Pyrpolizer » Fri Oct 21, 2022 9:49 pm

Lordo wrote:
Pyrpolizer wrote:
Lordo wrote:
Pyrpolizer wrote:I think you guys have to search for the cause of inflation.
The war in Ukraine actually benefited Turkey. Therefore the source of inflation is either within Turkey or an attack on it's currency.
In the EU and UK, the inflation is caused by the disruption of Energy and grain supplies. Increase in interest rates would have almost zero effect. This inflation is 'imported"


Energy prices did increase in Turkey too like the rest of the EU because they buy their resources from the same market. Certainly, some Erdogan friendly corporations may have benefitted from the war but not the economy as a whole. The people there are suffering from the one we are all suffering from and that is the false market and energy prices sky high.


Don't forget that Turkey has it's own oil fields most of them in Turkish Kurdistan, covering 7% of it's needs. Also never suffered from gas or grain supply shortages from Russia, plus it was flooded with Russian tourists during the summer leaving behind considerable gains. Also considering what happens in the occupied they don't apply 25% tax on petrol as per EU so petrol is relatively cheap. The inflation rise this year in no way can be attributed to the increase of oil prices alone.

Two main reasons.
One is the fact the financial market attacked TL and devalued it before the war in Ukriane which started inflation increasing inflation and then the energy prices are certainly not any cheaper to the consumers
The second is allowing in cheap imports into the country kills off the local producers. Having to import wheat and animal feed into a country like Turkey, is driving people in agriculture into the cities looking for work.


I agree on the first point. However notice that Financially attacking a currency costs a lot. The attackers need a way to gain their cost back. Imo the did get their cost back, while also succeeding in triggering the fall of the TL. Then Erdo perpetuated the fall.

The 2nd point is not so true, because Turkey had to open it's doors to foreign investment. I'd rather think it's the foreign investment that pulled people to the cities not the cheap (??) imported agricultural products. Even in Cyprus' no imported produce ever managed to displace the Cypriot produce, and I doubt it had any effect in Turkey where everything is much cheaper.
It's just that people seek better work these days, and we don't produce as much as before.
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Re: Turkey is bankrupt

Postby repulsewarrior » Sat Oct 22, 2022 12:58 am

...wealth disparity, i have mentioned it before.

Inflation is also, so few having so (read: too) much to spend; and wanting to spend so much, there is not enough for everyone.

(...not just Turkey, but everywhere)

Erdogan and Truss are not so different; in their worlds everyone but the rich pay, it seems.
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Re: Turkey is bankrupt

Postby Maximus » Mon Oct 24, 2022 8:38 pm

Truss resigned RW, but in Turkey erdowrongagain wont. he will continue to manipulate politics and the state levers to stay.

The UK and Turkey are not the same.

It seems that 90% inflation isnt enough for him. He is aiming for 200% inflation and 0% interest.

The more deluded he becomes the higher the inflation rate goes.
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