Why is no one talking about Turkey?

[darmstadt]

What is the matter with you people? Trump didn't cause every problem in the world.

The Lira is plummeting because of massive government spending and money printing. Then add state seizure of assets and corruption and you have a new Venezuela on Europe's door-step.

The USA is helping the demise with an eye to regime change and I think a lot of Turks would rather like that. Hope for a bloodless coup.

Maybe old Donald saw this and as he doesn't like the EU (or anyone who doesn't like him) much, decided to get in first

[TwoWolves]

Maybe old Donald saw this and as he doesn't like the EU (or anyone who doesn't like him) much, decided to get in first

I think it's more to do with buying ISIS sourced and Iranian oil darling. They are supposed to be NATO members and acted like enemies.

[TwoWolves]

ah the imminent break up of the Euro, indeed. You're not a regular reader of Ambrose Evans-Pritchard ?

Didn't say that either did I? Although ultimately the Southern periphery will be forced to exit to devalue and the EUR and will become a defacto euro-mark. One size won't fit all but it will fit some.

[vetran]

yup strong as ever

Would you put that daily wail down and start thinking for yourself, please!!

so it was $2.75 / £1 in 1968 then we joined the EU and it fell through the floor.

It had halved by the late 1970s.

It was at near parity when we joined the ERM.

Now its at $1.3 which is still much higher than the ERM days.

It has been near here a few times before.

So if we leave the EU do we go back up to $2.75 / £1?

I'll take that.

[scooterscot]

Him and Boris would get on well.

President Erdoğan has also declared that spreading false news about false news about Turkey’s economy is “treason”.

[scooterscot]

If there are dollars under your pillow, take these out.
“If there are euros, take these out … immediately give these to the banks and convert to Turkish lira and, by doing this, we fight this war of independence and the future. Because this is the language they understand.”
.

Change 'Turkish lira' to 'Pound sterling' and you have Prime Minister Johnson's speech for next March.

[Hobosapien]

He wants the Turkish citizens to convert their $ to lira so he can pay the international debt held in dollars.

The $ will not be replaced as the world's main reserve currency while the USA are willing to go to war over the $ for such things as oil being priced in $. They may be the biggest bully but they also have the biggest military to back it up.

[LondonManc]

The whole world is in debt. China, the US, UK... not just isolated to the EU. There'll be a massive realisation of those unsustainable debt levels, a collapse and a massive transfer of wealth to a new generation.

Transferring wealth around the world without border control will be become normal, probably all on blockchain.

I'd put money that the US dollar will collapse this year or early next and that you'll see some US states become independent. Those states responsible for generating most of the US GDP. Protectionism always ends one one and it's not the way Trump would like.

WALOB

They'll go to war with someone to prevent that; they always have done.

[scooterscot]

The dollar's collapse will be the result of an internal function. I don't think they'll have another civil war even though they're quite thick.

Keep in mind there's only 4 or 5 states in the US responsible for generating 80% of US GDP. And those states are not republican.

[LondonManc]

The dollar's collapse will be the result of an internal function. I don't think they'll have another civil war even though they're quite thick.

Keep in mind there's only 4 or 5 states in the US responsible for generating 80% of US GDP. And those states are not republican.

New to Texas?