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Turkey's Financial Crisis

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Re: Turkey's Financial Crisis

#141

Post by Bayart »

smnrchrds wrote: post #118
Bayart wrote: post #100

Earlier quoted context omitted.

I would feel extremely comfortable banning those head coverings from all universities, if not all public venues. Religious vestment simply has no place outside of ritual occasions. But then again, I'm from the country Atatürk took after. From our point of view, allowing religion to exist is treating it with tolerance. Acknowledging religion as something that deserves any sort of deference by the State isn't acceptabl…

> I would feel extremely comfortable banning those head coverings from all universities, if not all public venues...From our point of view, allowing religion to exist is treating it with tolerance. If saying "either stop adhering to your religion or you cannot go to university/exist in public" is tolerance, what is intolerance? Is everything short of prison, internment camps, torture, and execution tolerance in your…

The assumption that asking for the removal of what is essentially discriminatory somptuary laws amounts to asking for apostasy is your own. Internal religious regulations have no bearing on the law and whether or not they're essential to religious practice is of no consequence to civil society. Keep in mind I'm referring to a system where universities are public institutions, emanations of the State, rather than private foundations as is usually the case in the US.

Re: Turkey's Financial Crisis

#143

Post by skybrian »

slaw wrote: post #117
mghfreud wrote: post #105

Earlier quoted context omitted.

Right, but at least they said they know there is a problem and they will address it. It is not like how it is in Turkey where they said “inflation is high, let’s decrease it by printing far far more money and decreasing interest rate further”.

I am not aware that US government is going to address inflation issues. Interest rate should at least match inflation that is 6.8% and that is not going to happen.

The Fed isn’t doing that because it’s an extreme change that would wreck the economy. Or at least, so many people believe. Why do you think you know better?

Re: Turkey's Financial Crisis

#144

Post by skybrian »

jbay808 wrote: post #64
lumost wrote: post #13

Earlier quoted context omitted.

there is a "natural" interest rate which is roughly what a lender would expect to earn when lending to a reputable borrower. The Federal Reserve/ECB may lend at a slightly lower/higher rate than this natural rate - but going far away from it leads to a crisis as the money supply becomes distorted. There is a big difference between lending at 0% when "natural" interest is .25% and lending at 14% when natural interest…

> Lending at 14% when [...] inflation is 18% In the US, inflation is nearly at 7%, while savings accounts yield around 0.05%. Doesn't that mean Americans are discouraged from keeping money in savings accounts about the same amount as Turks are?

Yes, it is discouraging. This is a reason why fixed income investments are quite unattractive right now. But there is a lag. After many years of low inflation many people haven’t changed habits yet. We still don’t expect that much inflation.

Re: Turkey's Financial Crisis

#145

Post by slaw »

skybrian wrote: post #143
slaw wrote: post #117

Earlier quoted context omitted.

I am not aware that US government is going to address inflation issues. Interest rate should at least match inflation that is 6.8% and that is not going to happen.

The Fed isn’t doing that because it’s an extreme change that would wreck the economy. Or at least, so many people believe. Why do you think you know better?

I only say FED doesn’t address inflation. Not if it is good or bad.

Re: Turkey's Financial Crisis

#146

Post by wheelerof4te »

mrtksn wrote: post #92

Erdogan pulled a huge pump and dump scheme a few days ago. He kept repeating everything that makes the Turkish Lira weaker and weaker, he and his government claimed that the plan is to lower the lira and compete on price and the lira is not weak because they failed but because that's the plan. We will be the next China, they said. Then on the night of Dec 20, he introduces a financial instrument where the government…

The plan is to get rid of $US reserves and replace them with a currency of some other country. Maybe China.

Bold move, and a smart one, considering the outright hostile actions by the US towards the country. No dollar reserves, means no more economic bullying by the US.

Re: Turkey's Financial Crisis

#147

Post by worik »

Bayart wrote: post #141
smnrchrds wrote: post #118

Earlier quoted context omitted.

> I would feel extremely comfortable banning those head coverings from all universities, if not all public venues...From our point of view, allowing religion to exist is treating it with tolerance. If saying "either stop adhering to your religion or you cannot go to university/exist in public" is tolerance, what is intolerance? Is everything short of prison, internment camps, torture, and execution tolerance in your…

The assumption that asking for the removal of what is essentially discriminatory somptuary laws amounts to asking for apostasy is your own. Internal religious regulations have no bearing on the law and whether or not they're essential to religious practice is of no consequence to civil society. Keep in mind I'm referring to a system where universities are public institutions, emanations of the State, rather than priv…

Why would your secularism turn you into fashion police?

Why cannot a person wear a headscarf (it does not obscure their mouth or eyes so does not inhibit communication) if they want to? For what ever private reason they feel they want to?

I know people who wear them for non-religious reasons. Will they be exempt from your rules about fashion?

People get told all the time that what they wear is unacceptable by others in power, and it is an abuse of power. This is particularly true for women and a "headscarf" ban another example of blatant misogyny.

What is particularly offensive is it is said it is one for "liberating" those women. Often (usually not always) it is non Islamic people lecturing Islamists.

The fight against misogyny in Islam is a fight for Islamic women. When there is a cry from Islamic women for non-Islamists to set fashion laws for Islamic women to obey (and not just the odd lone voice) then maybe, possible you might have a point. Is that ever going to happen?

I do not think that Islamic women need misogynist, sexist, Islamophobic, theophobic, bigoted, and patronising rules and punishment. To liberate them, no less! Perhaps they need the opposite

Re: Turkey's Financial Crisis

#148

Post by SilasX »

mrtksn wrote: post #92

Erdogan pulled a huge pump and dump scheme a few days ago. He kept repeating everything that makes the Turkish Lira weaker and weaker, he and his government claimed that the plan is to lower the lira and compete on price and the lira is not weak because they failed but because that's the plan. We will be the next China, they said. Then on the night of Dec 20, he introduces a financial instrument where the government…

Wow, that’s bizarre. I don’t recall governments ever aggressively propping up their currency, usually they devalue it as a silent tax or export subsidy.

Re: Turkey's Financial Crisis

#149

Post by Cyph0n »

Andrew_nenakhov wrote: post #138
Cyph0n wrote: post #91

Earlier quoted context omitted.

And the solution to that imaginary problem is.. to ban all women from wearing hijab? Excellent logic.

Of course, male from Saudi Arabia claims that this problem is imaginary. What a surprise. /s Just because you decided to consider this problem imaginary, it does not mean that this problem does not exist in the real world, bringing suffering to millions of disenfranchised women.

Wow, you’re completely off the mark, buddy! But nice try with the amateur OSINT haha.

Re: Turkey's Financial Crisis

#150

Post by worik »

Andrew_nenakhov wrote: post #136
throwaway123x2 wrote: post #99

Earlier quoted context omitted.

lol this is so patently false. in a family very close to me, the husband would very much like his wife to wear not hijab and his wife tells him to mind his own business. both are muslim.

Tell it to this girl [1], or this [2] girl. You won't be able to tell it to this [3] girl, because she killed herself, rather than submitting to this barbarity. If you have some anecdotal example of a person who does this willingly (likely because of systemic multigenerational indoctrination), it does not prove that many other women are not willing to submit to this requirement, yet, are powerless to resist it withou…

Because you can come up with people being psychotic monsters, it does not mean people are psychotic monsters.

There are a lot of barbaric things that go on in families all over the world in all sorts of families. What exactly is your point?

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