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Greek Euro in the Toilet?

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Postby Kikapu » Thu May 06, 2010 8:51 am

vaughanwilliams wrote:
Get Real! wrote:You’re either very brave or very foolish coming out in public like this boasting about the Turkish Lira, which is a currency that in 2007 had no less than SIX DIGITS intentionally removed (think about that for a moment) and yet it’s still next to worthless!

Have a look at this…

1966 — 1 U.S. dollar = 9 lira
1980 — 1 U.S. dollar = 90 lira
1988 — 1 U.S. dollar = 1,300 lira
1995 — 1 U.S. dollar = 45,000 lira
1996 — 1 U.S. dollar = 107,000 lira
2001 — 1 U.S. dollar = 1,650,000 lira
2004 — 1 U.S. dollar = 1,350,000 lira
2007 — 1 U.S. dollar = 1.26 new lira
2008 — 1 U.S. dollar = 1.55 Lira
2009 — 1 U.S. dollar = 1.48 Lira
2010 — 1 U.S. dollar = 1.49 Lira

A lot of idiots come and go here vaughanwilliams, but you’re starting to become a memorable one… Image


So, from 2001 to 2009 apart from 2007, the TL has gained steadily on the dollar and seems reasonably steady ATM.
When the Euro goes tit-shaped, as it will soon, it will make the TL look like Swiss Francs.


NO, VW, the Turkish Lira did not gain against the dollar through it's economic strength of it's own, but rather the US Dollar losing it's value against other major currencies because of it's huge national debt, which made the US Dollar weaker. Had the Turkish currency maintained it's level against the USD of 2007 against the decline of the USD in the same period, at the very least, the exchange rate would have looked something like 1 TL= 1USD. Had the USD not declined due to it's fiscal problems, it would easily be 1 USD = 2 TL by now. The TL has no where to go but down as it is it's natural course, whereas other world major currencies can only go up against the TL as it's natural course, barring few hiccups along the way now and then. You will lose again and again if you back the TL in the long run, that's all.!
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Postby vaughanwilliams » Thu May 06, 2010 9:16 am

Kikapu wrote:
vaughanwilliams wrote:
Get Real! wrote:You’re either very brave or very foolish coming out in public like this boasting about the Turkish Lira, which is a currency that in 2007 had no less than SIX DIGITS intentionally removed (think about that for a moment) and yet it’s still next to worthless!

Have a look at this…

1966 — 1 U.S. dollar = 9 lira
1980 — 1 U.S. dollar = 90 lira
1988 — 1 U.S. dollar = 1,300 lira
1995 — 1 U.S. dollar = 45,000 lira
1996 — 1 U.S. dollar = 107,000 lira
2001 — 1 U.S. dollar = 1,650,000 lira
2004 — 1 U.S. dollar = 1,350,000 lira
2007 — 1 U.S. dollar = 1.26 new lira
2008 — 1 U.S. dollar = 1.55 Lira
2009 — 1 U.S. dollar = 1.48 Lira
2010 — 1 U.S. dollar = 1.49 Lira

A lot of idiots come and go here vaughanwilliams, but you’re starting to become a memorable one… Image


So, from 2001 to 2009 apart from 2007, the TL has gained steadily on the dollar and seems reasonably steady ATM.
When the Euro goes tit-shaped, as it will soon, it will make the TL look like Swiss Francs.


NO, VW, the Turkish Lira did not gain against the dollar through it's economic strength of it's own, but rather the US Dollar losing it's value against other major currencies because of it's huge national debt, which made the US Dollar weaker. Had the Turkish currency maintained it's level against the USD of 2007 against the decline of the USD in the same period, at the very least, the exchange rate would have looked something like 1 TL= 1USD. Had the USD not declined due to it's fiscal problems, it would easily be 1 USD = 2 TL by now. The TL has no where to go but down as it is it's natural course, whereas other world major currencies can only go up against the TL as it's natural course, barring few hiccups along the way now and then. You will lose again and again if you back the TL in the long run, that's all.!


"whereas other world major currencies can only go up against the TL as it's natural course, barring few hiccups along the way now and then."
One of those hiccups wouldn't be what's happening to the Euro, right now and then, would it?
:lol:
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Postby Gasman » Thu May 06, 2010 9:16 am

They'll need another hand out to cover the cost of the damage to the infrastructure over there. It must be enormous. Apparently the damage they caused during the last big riots was in the region of about 2 billion.

Then there's the cost of all the work days lost (they probably get time and a half for being off work rioting though) and for the stoppage of all transport and, not only losses from tourists unable to get there or put off for life from going there ever again (like those speaking on the TV who were unable to visit the Acropolis after travelling half way round the world to get there).

They need all the help they can get and this is how they show the world they are prepared to help themselves?

As someone remarked yesterday - a lot of people were aware of the laziness and corruption rife in Greece but after this - the WHOLE WORLD will now be aware.

And I am reading that it just might affect the handouts due from the EU and the dreaded IMF - I just hope they don't drag the whole Eurozone down with them. Because I live in the Eurozone!
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Postby Kikapu » Thu May 06, 2010 9:30 am

vaughanwilliams wrote:
Kikapu wrote:
vaughanwilliams wrote:
Get Real! wrote:You’re either very brave or very foolish coming out in public like this boasting about the Turkish Lira, which is a currency that in 2007 had no less than SIX DIGITS intentionally removed (think about that for a moment) and yet it’s still next to worthless!

Have a look at this…

1966 — 1 U.S. dollar = 9 lira
1980 — 1 U.S. dollar = 90 lira
1988 — 1 U.S. dollar = 1,300 lira
1995 — 1 U.S. dollar = 45,000 lira
1996 — 1 U.S. dollar = 107,000 lira
2001 — 1 U.S. dollar = 1,650,000 lira
2004 — 1 U.S. dollar = 1,350,000 lira
2007 — 1 U.S. dollar = 1.26 new lira
2008 — 1 U.S. dollar = 1.55 Lira
2009 — 1 U.S. dollar = 1.48 Lira
2010 — 1 U.S. dollar = 1.49 Lira

A lot of idiots come and go here vaughanwilliams, but you’re starting to become a memorable one… Image


So, from 2001 to 2009 apart from 2007, the TL has gained steadily on the dollar and seems reasonably steady ATM.
When the Euro goes tit-shaped, as it will soon, it will make the TL look like Swiss Francs.


NO, VW, the Turkish Lira did not gain against the dollar through it's economic strength of it's own, but rather the US Dollar losing it's value against other major currencies because of it's huge national debt, which made the US Dollar weaker. Had the Turkish currency maintained it's level against the USD of 2007 against the decline of the USD in the same period, at the very least, the exchange rate would have looked something like 1 TL= 1USD. Had the USD not declined due to it's fiscal problems, it would easily be 1 USD = 2 TL by now. The TL has no where to go but down as it is it's natural course, whereas other world major currencies can only go up against the TL as it's natural course, barring few hiccups along the way now and then. You will lose again and again if you back the TL in the long run, that's all.!


"whereas other world major currencies can only go up against the TL as it's natural course, barring few hiccups along the way now and then."
One of those hiccups wouldn't be what's happening to the Euro, right now and then, would it?
:lol:


Exactly....a hiccup, by the Euro. It's the only way the TL can look halfway decent for a very short time during these "hiccups" by default only. Enjoy it while it lasts, and don't forget, when the Euro goes down, they buy less from other countries, and since Turkey's biggest buyers are the Europeans, then the trade deficit within Turkey will suffer for the worse than it already is. Trust me, Turkey is not very happy that the Euro has gone down at the moment. No, they are indeed not.!
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Postby vaughanwilliams » Thu May 06, 2010 9:33 am

Gasman wrote:They'll need another hand out to cover the cost of the damage to the infrastructure over there. It must be enormous. Apparently the damage they caused during the last big riots was in the region of about 2 billion.

Then there's the cost of all the work days lost (they probably get time and a half for being off work rioting though) and for the stoppage of all transport and, not only losses from tourists unable to get there or put off for life from going there ever again (like those speaking on the TV who were unable to visit the Acropolis after travelling half way round the world to get there).

They need all the help they can get and this is how they show the world they are prepared to help themselves?

As someone remarked yesterday - a lot of people were aware of the laziness and corruption rife in Greece but after this - the WHOLE WORLD will now be aware.

And I am reading that it just might affect the handouts due from the EU and the dreaded IMF - I just hope they don't drag the whole Eurozone down with them. Because I live in the Eurozone!



"I just hope they don't drag the whole Eurozone down with them. Because I live in the Eurozone!"

As a Brit who lives in the TRNC, I'm happy to say "I don't".
Look on the plus side: the carpetbaggers will start shopping in the RoC again, if the Euro keeps sliding!
:wink:
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Postby Kikapu » Thu May 06, 2010 9:59 am

vaughanwilliams wrote:
Gasman wrote:They'll need another hand out to cover the cost of the damage to the infrastructure over there. It must be enormous. Apparently the damage they caused during the last big riots was in the region of about 2 billion.

Then there's the cost of all the work days lost (they probably get time and a half for being off work rioting though) and for the stoppage of all transport and, not only losses from tourists unable to get there or put off for life from going there ever again (like those speaking on the TV who were unable to visit the Acropolis after travelling half way round the world to get there).

They need all the help they can get and this is how they show the world they are prepared to help themselves?

As someone remarked yesterday - a lot of people were aware of the laziness and corruption rife in Greece but after this - the WHOLE WORLD will now be aware.

And I am reading that it just might affect the handouts due from the EU and the dreaded IMF - I just hope they don't drag the whole Eurozone down with them. Because I live in the Eurozone!



"I just hope they don't drag the whole Eurozone down with them. Because I live in the Eurozone!"

As a Brit who lives in the TRNC, I'm happy to say "I don't
Look ".on the plus side: the carpetbaggers will start shopping in the RoC again, if the Euro keeps sliding!
:wink:


:lol: :lol: :lol:

You live in a place where inflation is around 9-10%, the TL that has lost at least 20% of its value against major world currencies in the last 1 year, and you think you are doing better than the Eurozone.?? :lol:
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Postby Paphitis » Thu May 06, 2010 11:47 am

Kikapu wrote:
vaughanwilliams wrote:
Gasman wrote:They'll need another hand out to cover the cost of the damage to the infrastructure over there. It must be enormous. Apparently the damage they caused during the last big riots was in the region of about 2 billion.

Then there's the cost of all the work days lost (they probably get time and a half for being off work rioting though) and for the stoppage of all transport and, not only losses from tourists unable to get there or put off for life from going there ever again (like those speaking on the TV who were unable to visit the Acropolis after travelling half way round the world to get there).

They need all the help they can get and this is how they show the world they are prepared to help themselves?

As someone remarked yesterday - a lot of people were aware of the laziness and corruption rife in Greece but after this - the WHOLE WORLD will now be aware.

And I am reading that it just might affect the handouts due from the EU and the dreaded IMF - I just hope they don't drag the whole Eurozone down with them. Because I live in the Eurozone!



"I just hope they don't drag the whole Eurozone down with them. Because I live in the Eurozone!"

As a Brit who lives in the TRNC, I'm happy to say "I don't
Look ".on the plus side: the carpetbaggers will start shopping in the RoC again, if the Euro keeps sliding!
:wink:


:lol: :lol: :lol:

You live in a place where inflation is around 9-10%, the TL that has lost at least 20% of its value against major world currencies in the last 1 year, and you think you are doing better than the Eurozone.?? :lol:


Pretty hilarious! :lol: :lol:
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Re: Greek Euro in the Toilet?

Postby denizaksulu » Thu May 06, 2010 11:58 am

vaughanwilliams wrote:Thank God it's the Greek Euro and not the Cypriot Euro that's going down the pan.

I thought the Euro belonged to everyone in the Euro Zone, including Cyprus and Greece, but GR, Milti, Oracle and Frag set me right on that and told me that Cyprus had its OWN currency which, just coincidentally I suppose, was also called the Euro.

So don't worry lads, your OWN Euro will be OK when the Greek Euro melts down.
:lol: :lol: :lol: :lol: :lol:



Why is it that some people enjoy others sufferings? is it a common occurence.
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Postby erolz3 » Thu May 06, 2010 1:11 pm

Kikapu wrote:.... the TL that has lost at least 20% of its value against major world currencies in the last 1 year, ....


When you simply make up things kikapu you can 'prove' anything.

Just for you info here are the exchange rates for the TL against a range of currencies from one year ago today and from today and the % difference.

United Kingdom Pounds 0.42436198, 0.432748513 101.9762686
United States Dollars 0.639113877, 0.652212788 102.0495426
Switzerland Francs 0.723125908, 0.725203846 100.2873549
South Korea Won 813.5350626, 744.321631 91.49226201
Singapore Dollars 0.940463044, 0.906993302 96.44114228
Euro 0.480158149, 0.50972143 106.1569883
Australia Dollars 0.856302294, 0.719238023 83.99347146
Japan Yen 63.01418486, 61.16463516 97.06486769

So when you say 'lost at least 20%' you actualy mean has not lost 20% on any currency. The biggest loss is against the Aus Dollar, itself debatable if it is a major currency and the loss is 16%. It also lost against the Korean won, singapore dollar and Japanese Yen. It has gained against the GBP, USD and Euro and remained almost the same vs the Swiss franc.

Actual facts can be such a downer to propaganda cant they kikapu ? Still a good propagandist never lets mere facts get in the way of their propaganda.

Source for all rates, current and historic http://www.xe.com/
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Postby Paphitis » Thu May 06, 2010 1:29 pm

erolz3 wrote:
Kikapu wrote:.... the TL that has lost at least 20% of its value against major world currencies in the last 1 year, ....


When you simply make up things kikapu you can 'prove' anything.

Just for you info here are the exchange rates for the TL against a range of currencies from one year ago today and from today and the % difference.

United Kingdom Pounds 0.42436198, 0.432748513 101.9762686
United States Dollars 0.639113877, 0.652212788 102.0495426
Switzerland Francs 0.723125908, 0.725203846 100.2873549
South Korea Won 813.5350626, 744.321631 91.49226201
Singapore Dollars 0.940463044, 0.906993302 96.44114228
Euro 0.480158149, 0.50972143 106.1569883
Australia Dollars 0.856302294, 0.719238023 83.99347146
Japan Yen 63.01418486, 61.16463516 97.06486769

So when you say 'lost at least 20%' you actualy mean has not lost 20% on any currency. The biggest loss is against the Aus Dollar, itself debatable if it is a major currency and the loss is 16%. It also lost against the Korean won, singapore dollar and Japanese Yen. It has gained against the GBP, USD and Euro and remained almost the same vs the Swiss franc.

Actual facts can be such a downer to propaganda cant they kikapu ? Still a good propagandist never lets mere facts get in the way of their propaganda.

Source for all rates, current and historic http://www.xe.com/


Australia has a Trillion Dollar economy. Population is just on 21 million.

Now if that doesn't make the Australian Economy and Currency a major international force in your opinion, then you're deluded.

All currencies in the world have been losing out to the AUD, because at the moment, Australia is considered to have the most solid economy in the OECD, along with Cyprus.
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