Turkish Lira

[Anonymous No.55401111]

It's accelerating
How does it end?

[Anonymous No.55401117]

>>55401111
They raised the interest rate from 7.5% to 15%, shouldn't that curb devaluation? Wtf is going on

[Anonymous No.55401123]

>>55401111
Checked

[Anonymous No.55401129]

>>55401117
Not if you continue to print and inflation is already higher than 15% anyways.
>>55401111
It doesn't. The government will not abandon the Lira because it's how they are robbing their population blind. The people will not abandon it because they are sheeple to dumb to figure out crypto is not just about jpegs or centralized garbage in the hands of major stakeholders. So we get to watch the clown fiesta until there is no more money to rob or the people grow more than 1 braincell.

[Anonymous No.55401132]

>>55401129
>Not if you continue to print and inflation is already higher than 15% anyways.

two sources needed

[Anonymous No.55401138]

>>55401129
As much as I want them to go into crypto, I just don't see ordinary people adopting it seriously at the moment
What if the people start increasingly using dollar or euro instead?

[Anonymous No.55401160]

>>55401132
Inflation is like 200% here lol. They print money continuously because theey have to maintain prices of bread for religious reasons etc and because the poor peasantry are only kept loyal by 3 lira bread.
PS. Im on holiday in Turkey now its fucking lit here things are so cheap if your currency is Euro/GPB/USD lol

[Anonymous No.55401169]

How much is it affecting normal turks... Might have a cheap jaunt to turkey with the missus if it keeps up

[Anonymous No.55401178]

Nobody knows.
Turkey is a current account deficit country so they need forex to keep importing things. Forex providing market participants have been spooked by Erdogan because the Central Bank is not independent and monetary policy does not make sense. Also if you use all derivatives and swaps in your calculations Turkey has net negative forex reserves. So there seem to be multiple ways to lose money for foreign corporations and they are in a risk off-get my money out mode.

The future depends on what the market participants think will happen and what the policy response to certain events will be. If current trends continue at some point the currency will be cheap enough for foreign investors to start pouring capital in again.

[Anonymous No.55401181]

>>55401111
War? idk anon, that's typically how countries introduce demand for their currency. Then again, who can they attack? I don't think they even have an army

[Anonymous No.55401199]

>>55401181
>I don't even think they have an army
Turkey is militarily stronger than every european nation except england

[Anonymous No.55401211]

>>55401199
They should auction those units off and start feeding their civilians then.

[Anonymous No.55401213]

Show me a better candidate for an "emergency" CBDC pilot

[Anonymous No.55401215]

>>55401181
>who can they attack
Gayreece, Armenia, Syria

[Anonymous No.55401217]

>>55401211
They just need to stop erdogan from embezzling so much money.

[Anonymous No.55401220]

>>55401111
Checked. It's over for Berlin.

[Anonymous No.55401230]

>>55401199
Seems legit, they do have a bigger population than any European country

[Anonymous No.55401298]

>>55401217
Thats never going to happen. They will elect him and his boys everytime.

[Anonymous No.55401336]

>>55401117
it only curbs inflation from loaned money, not from the printed money used to buy gov bonds

[Anonymous No.55401378]

>>55401213
Japan

[Anonymous No.55401594]

>>55401111
checked, and it ends with Konstantinopel back in Christian hands.

[Anonymous No.55401632]

>>55401178
might it be a good investment to buy lira soon(ish)?

[Anonymous No.55401645]

>>55401111
checked.
also try sucks, chf only.

[Anonymous No.55401646]

>>55401160
>Print
Who shit in your brain? I know, advertising. Print... This is no shitcoin, nobody "prints". Stupid shitcoiners

[Anonymous No.55401654]

>>55401646
Print paper money, dumbass. Or do you think bank notes grow on trees?

[Anonymous No.55401663]

>>55401654
Nobody just "prints" banknotes, that is not how it works you stupid idiot. There are either debt notes connected to the increase of money supply or an increase of loans backed by deposites and other securities. Nobody "prints" stupid

[Anonymous No.55401665]

>>55401646
Its a metaphor used for saying they create money out of thin air, sometimes also literally by printing new bank notes

Seething roach you sound like

[Anonymous No.55401674]

>>55401665
Nobody creates money out of thin air like stupid shitcoiners think. There is always debt behind the creation of money, public debt or private debt

[Anonymous No.55401780]

>>55401594
HAHAHHAHAAHAHHAHAHAHAHAHAHAHAHAHAHHAHAHHAHAHAHAHHAHAHAHAHAHAHAHHAHHA

[Anonymous No.55401788]

>>55401674
Debt is money.

[Anonymous No.55401807]

>>55401674
money is literally just an iou. it is debt.
its made up, printed on a whim.
and you're glowing

[Anonymous No.55401817]

>>55401160
Based.
I’m loving how dirt fucking cheap turkish arms and ammunition are flooding into america.
Sub-1k mp5 clones are a beautiful thing.

[Anonymous No.55401831]

>>55401788
>>55401807
There is no hope for you shitcoiners. You got fucked in the brain by advertisers, jew advertising

[Anonymous No.55401838]

It ends with cheap Turkish holidays

[Anonymous No.55401863]

>>55401831
Do you think using
>jew
saves you from embarrassment?

[Anonymous No.55401884]

>>55401863
Whenever somebody uses (((printing))) in the context of money it's either a deceiving jew or an idiot.

[Anonymous No.55401895]

>>55401884
And debt is money, therefore it's pretty okay to use the "printing" for debt creation.

[Anonymous No.55401937]

>>55401895
You goddamn idiot. Nobody is (((printing))) somebody takes the risk for the money creation. So cut the fucking crap with this annoying stupid bullshit. You are just deceiving. The question in the context of Turkey is, who is taking the risk. Is it an increased demand for commercial loans, or is it an increase of public debt likely "bought" by the central bank.
Because for jew reasons those questions are not asked but deceived with ((((printing)))

[Anonymous No.55401958]

>>55401884
>>55401937
money is literally printed (both digitally and physically) retard, new money comes into existence out of thin air, this is a fact nigger

[Anonymous No.55401973]

>>55401937
>somebody takes the risk
Doesn't negate the fact that money was created out of nowhere.

[Anonymous No.55401985]

>>55401937
>somebody takes the risk for the money creation

correct, the taxpayer. they do not "take the risk" per se, rather the risk is forced upon them at gunpoint.

[Anonymous No.55401986]

>>55401973
It does. Of course it does, somebody taking the risk is opposite to "creating out of thin ait" like one of your shitcoin, which come with no risk, and are worthless therefore. You stupid jews deserve dead for your fail memeing

[Anonymous No.55402002]

>>55401985
Not exactly. The dumping of the risk for money creation on the public comes with costs, one of those costs is the control of the military that declines, either because you can't find enough people that are willing to become military, usa problem, or you come into situation where the paid wages for military personnel due to devaluation lead to instability inside the military

[Anonymous No.55402010]

Can't wait to slurp up those cheap MP5 clones

[Anonymous No.55402013]

>>55401986
The risk isn't taken by the people that make decisions which creates debt. The only risk is that they'll face a violent overthrow and how likely do you think that is?

[Anonymous No.55402036]

>>55402013
And the loss of power isn't a risk? jewish children. Stop posting and go back where ever you came from

[Anonymous No.55402045]

sippin that dip?

[Anonymous No.55402056]

>>55401160
Stop supporting cockroaches

[Anonymous No.55402060]

>>55402036
When was the last time someone lost power because of it? By the time shit hits the fan because of shitty policies they are out of office because of different reasons or in the case of Erdogan they don't even leave their office.

[Anonymous No.55402199]

>>55402060
In the west 2013, the Greek failure, world wide, regularly, especially in Africa, then South America it also happens fairly regularly. In the US, pretty soon, Obama held itself only because of the support of GenX that profited the most from bail outtery, same as in the rest of the west.
They did a giant mistake with the "coof" bail outs

[Anonymous No.55402221]

1:1mm resplit like last time

[Anonymous No.55402256]

>>55402199
>Obama held itself only
So no accountability.
>"coof" bail outs
So no accountability.
>Greek failure
The reasons for the crisis were brewing for decades due to the bad fiscal practices by the Greeks. The party that found itself in power lost practically all power, but it could have been the other party, but that party continues chugging as seen by yesterday's election.
>rest of the world
Idk about all that, but I'll take your word.

In any case, it seems like a game of hot potato where you indebt yourself for short-term gain at the expense of long-term benefits for your populace.

[Anonymous No.55402284]

>>55402256
>seems like a game of hot potato where you indebt yourself for short-term gain at the expense of long-term benefits for your populace
Of course, and the hope is that somebody else but your cabal gets hanged when the ponzi breaks. But the coof bail outting was the last one, and everything points toward the the next correction with no room for bail outting. The cabal made a mistake. And the knifes as bombs are ready

[Anonymous No.55402297]

>>55402284
I still don't get why were you so upset with the term "money printing", because the process is more complex or what? I'd say the consequences(expansion of money supply) are the same.

[Anonymous No.55402326]

>>55402297
It's deceiving. It's a term that was introduced to obfuscate the mechanisms behind
>Haha printing
>We get monies brrrrrr
jewish genx advertisers that are well aware that when the average nigger sees how is being robbed won't support it where (((printing))) money sounds positive at first. It's a tainted meme

[Anonymous No.55402354]

>>55402326
I don't think anyone here thinks "money printing" is good and in general the people that are familiar with the term use it a criticism and malpractices. Sure it makes your argument weaker when discussing economics as the opponent can just lash on to it and use it to against your arguments, but I honestly see no harm when the most important consequence of both the real mechanism and "money printing" is the same.

[Anonymous No.55402382]

>>55402060
last time it happened on a big scale Germany started a global war

[Anonymous No.55402384]

>>55402354
Same as the frog the term was hijacked and perverted. If you go through normal faggot space, the term is seen as positive since the 2020 bail outs

[Anonymous No.55402506]

>>55402384
Okay, reasonable.

[Anonymous No.55402551]

>>55402199
>the Greek failure
Greek here, the same people are pretty much in power today, despite the fact that the economy is in an unprecedented 15 year crisis, and rapidly getting worse
you are a clueless moron, next time don't speak for things you have zero knowledge instead of repeating some bullshit you read somewhere

[Anonymous No.55402568]

>>55402551
Weren't the "conservative" ousted for the "communists"?

[Anonymous No.55402578]

Money printing is an appropriate expression.

[Anonymous No.55402586]

>>55402568
what are you talking about?
the "socialists" brought the country into the IMF, "conservatives" continued applying austerity and the same policy, and then the "communists" did the EXACT SAME THING everybody else did, plus, this "communist" party has many prominent members from the big 2
essentially, it's the same fucking party

[Anonymous No.55402610]

>>55402586
Of course they did, they bet on the hot potato being carried on with the next one getting the boot while they kept on robbing the country. But it was a change of power that came from failed in your case indirect monetary policy

[Anonymous No.55402630]

>>55402610
bro, they're literally the same people
they're not even trying to hide it anymore
nobody lost anything, the leader of the PASOK party is still a parliament member

[Anonymous No.55402667]

>>55402630
They are not the same, different policies, same epistemic community sure, they are politicians and in the end they want their trade to get the most profits

[Anonymous No.55402764]

>>55401111
All fiat goes to 0

[Anonymous No.55402785]

>>55402667
>different policies
why do people continue to insist they know shit?
shut up

[Anonymous No.55402849]

>>55401663
>>55401674
JFK was the last president so "just print money". For obvious reasons.

[Anonymous No.55402859]

- Turn Northern Cyprus into a safe tax haven that doesn't comply with international laws.
- Make it really easy for investors to register companies and to open bank accounts.
- Use Bitcoin and your own silver/gold coins as official currencies in N.C.
- Get container ships full of suspicious money from around the world.
- Invest that money wisely and tell the seething international central bank jews to fuck off.
Simple as. Northern Cyprus will become more profitable than the entire turkish mainland.
You can thank me later with a free kebab.

[Anonymous No.55403629]

>>55401178
based macro anon

[Anonymous No.55403697]

>>55401111
it ends with turkey invading northern syria

[Anonymous No.55404684]

>>55401111
Economic warfare against erdogan. Ends with a coup and a kike puppet installed.

[Anonymous No.55404760]

>>55404684
By who? The western intelligence services and their civil society fore fronts have fucked up everything now since roughly 2014

[Anonymous No.55405109]

>>55401111
It reminds me of avax, Turks can't stop losing.

[Anonymous No.55405166]

>>55401117
making 10000% interest rate on dog shit won't make dog shit more valuable
national currencies are all dog shit and going to zero unironically

[Anonymous No.55405223]

>>55401213
CBDCs don't fix "running the printers 24hrs/day"

[Anonymous No.55405245]

>>55402297
don't let him derail the thread. Just stop replying

[Anonymous No.55405306]

>>55402859
Northern Cyprus is already a Turkish deep state & organized crime playground.
The problem is Cyprus itself does everything you mentioned + is in EU and not sanctioned so NC just ended up being Turkish Vegas.