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Turkey's Financial Crisis

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Re: Turkey's Financial Crisis

#151

Post by wheelerof4te »

_0w8t wrote: post #66
forvelin wrote: post #14

Earlier quoted context omitted.

is this unexpected ? erdogan literally buys weapons from russia as a nato member, allies with putin at every occassion and disregards any civilized values. he'd like to squeeze minorities as he wants, oppress the opposition as he wants and ally with whoever he wants. at that point, people might not want to cooperate with you, a bit of diplomacy eh ?

Erdogan may use Putin when it suits him, but when the interests no longer allies, he has no problems acting very much against Russia wishes. Like it was in the recent war between Armenia and Azerbaijan or when Turkey sells weapons to Ukraine.

In the case of Armenia, the country was becoming a hotbead of CIA activity. So Putin wanted to make an example of it.

Russia allowed Azeris to win that war, just to show Armenia how vulnerable it is without Russian help. Plus, they now have troops patroling along the border with Nagorno-Karabah.

Re: Turkey's Financial Crisis

#152

Post by worik »

Cyph0n wrote: post #109
istinetz wrote: post #103

Earlier quoted context omitted.

Well, yes. What solution do you propose? Mass propaganda? Perhaps possible in 2021, but it wouldn't have been as effective in the 1930s.

Why did you use the word “propaganda”? Why not “education”? Regardless of the time period, I would simply propose focusing on educating current and future generations that men and women have equal rights. If you dig into history a bit, you’ll find that state-sponsored persecution - ethnic, religious, or otherwise - is almost always guaranteed to backfire in the long run.

But what is the problem?

It may have a religious origin but a headscarf is a fashion accessory. Like trousers or shirt buttons. We could ban them too, just for fun!

Up with skirts! Down with trousers!

See? What fun!

Re: Turkey's Financial Crisis

#153

Post by worik »

sudosysgen wrote: post #130
HideousKojima wrote: post #43

Earlier quoted context omitted.

Saudi Arabia. Russia supports Assad and has no interest in destabilizing the country because they want to maintain their naval base at Latakia etc.

Turkey is at least as much at fault as Saudi Arabia. They literally straight up pay salaries to wahabbi terrorists. The US also financed a lot of them.

> They literally straight up pay salaries to wahabbi terrorists

Really? I did not know that. Have you a source?

Re: Turkey's Financial Crisis

#154

Post by odonnellryan »

syshum wrote: post #95
mghfreud wrote: post #45

Earlier quoted context omitted.

Until last year, US and Europe was desperately trying to raise inflation. I do not remember any time in Turkish history when this was the case. Anyways, current Turkish PPI is >50% (and it will only increase in coming months.). The real interest rate in Turkey is in far negative territory compared to US and EU, where they are desperate for inflation.

>> US ... was desperately trying to raise inflation. Well good news, they succeeded beyond their wildest dreams....

Well. 7% inflation is not insane. Look at it over the last 5 years. Average inflation is not crazy.

Re: Turkey's Financial Crisis

#155

Post by odonnellryan »

slaw wrote: post #145
skybrian wrote: post #143

Earlier quoted context omitted.

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.

They obviously address inflation. Why do you think they do not?

Re: Turkey's Financial Crisis

#156

Post by odonnellryan »

syshum wrote: post #133
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”.

Have they? because last I checked they (both the Tresury, and The Fed) still insist that this inflation is transitory, supply chain issue not their monentary policy... (they investigated themselves and found they did nothing wrong) And they are still claiming government spending trillions is not the cause, and will not create new inflation.. So no, I dont believe they have acknowledged the problem at all, nor are the…

They have taken actions in response to inflation....

Re: Turkey's Financial Crisis

#157

Post by [deleted] »

wheelerof4te wrote: post #146
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.

[deleted]

Re: Turkey's Financial Crisis

#158

Post by Cyph0n »

worik wrote: post #152
Cyph0n wrote: post #109

Earlier quoted context omitted.

Why did you use the word “propaganda”? Why not “education”? Regardless of the time period, I would simply propose focusing on educating current and future generations that men and women have equal rights. If you dig into history a bit, you’ll find that state-sponsored persecution - ethnic, religious, or otherwise - is almost always guaranteed to backfire in the long run.

But what is the problem? It may have a religious origin but a headscarf is a fashion accessory. Like trousers or shirt buttons. We could ban them too, just for fun! Up with skirts! Down with trousers! See? What fun!

Okay, let’s work with that.

Do you also apply that logic to Sikh turbans (dastar)? In other words, do you believe that forbidding Sikhs from covering their hair is not religious persecution? How do you think Sikhs would react to that?

Edit: Or wait, I might have misunderstood: do you actually think that a hijab is equivalent to a generic headscarf? If so, it is not - please read a bit about it before commenting further.

Re: Turkey's Financial Crisis

#159

Post by worik »

Cyph0n wrote: post #158
worik wrote: post #152

Earlier quoted context omitted.

But what is the problem? It may have a religious origin but a headscarf is a fashion accessory. Like trousers or shirt buttons. We could ban them too, just for fun! Up with skirts! Down with trousers! See? What fun!

Okay, let’s work with that. Do you also apply that logic to Sikh turbans ( dastar )? In other words, do you believe that forbidding Sikhs from covering their hair is not religious persecution? How do you think Sikhs would react to that? Edit: Or wait, I might have misunderstood: do you actually think that a hijab is equivalent to a generic headscarf? If so, it is not - please read a bit about it before commenting fur…

I am with you, not against you. Turbans are fine by me. Of course banning them is religious persecution (there is an interesting intersection with motor cycle helmet laws) I do not want to wear one (but I have been known to wear a headscarf) There is no justification for fashion law.

The niqāb is problematic. I find it difficult to talk with some one when I cannot see their face. (Then there was Covid....). I am not sure if that is a personal quirk or a basis for a justifiable fashion law!

And of course a hijab is a headscarf. Not just a head scarf, like a turban is a hat, not just a hat. Why would we want to ban either?

Re: Turkey's Financial Crisis

#160

Post by syshum »

odonnellryan wrote: post #154
syshum wrote: post #95

Earlier quoted context omitted.

>> US ... was desperately trying to raise inflation. Well good news, they succeeded beyond their wildest dreams....

Well. 7% inflation is not insane. Look at it over the last 5 years. Average inflation is not crazy.

7% should considered unacceptable.

It is great for those with hard assets, it is TERRIBLE for the working poor.

Funny how many of the same people that claim to want to help the poor (democrats) have no problem with high inflation

Inflation is great for people in massive debt, or hold assets, and the rich

Inflation is terrible for savers, responsible people living with in their means, poor that pay cash for everything, etc etc.

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