Cyprus-Forum.com

[Kikapu]

Most of the major projects in Turkey such as bridges, tunnels, subways, nuclear power stations (maybe Istanbul canal) are built by foreign entities money with cheap Turkish laborers on “build & operate” basis for a period of time until the cost is recovered and then it is handed to the Turkish state to operate as it’s own, which may take many years. It is like the foreign entities get to drive the new car until it is paid for and then turn over the used car of 25 years to the host country to operate which will need expensive maintenance until the wheels fall off.

As for the UK military, it was in the papers just last week that they will be reducing personnel from all branches of the military. Less personnel, less cost, more money for expensive toys. Less boots needed as fighting can be done with automation from distance, as well as recruit locals to be the boots on the ground when needed as the USA did with the YPG in Syria.

[boomerang]

I’m sure you’re all aware that the value of currency is supposed to be subject to the laws of demand & supply which set its strength against all other currencies, right?

Well here are some weird facts to consider about the US dollar:

1. The US dollar is the world’s most counterfeited currency.

2. It has never been modernized like all other currencies to fight counterfeiters; it's the same old toilet-paper from over half a century ago!

3. No matter how many billions of counterfeited dollars are injected into the global economy each year, they seem to have a zero impact on the dollar’s value!

4. The US government is obviously unconcerned about fighting counterfeiters and impervious to any US "debt" that they are supposedly racking up.

The obvious conclusion: The value of the US dollar is NOT bound by the laws of demand & supply... but rather it is SET by the US government via international institutions it directly controls, as they see fit!


Now let’s look at some of America’s henchmen and their dodgy recent behavior:


Erdogan, doesn't seem to have a care in the world that Turkey's tourism industry has dwindled due to the pandemic… it used to be a significant contributor to his economy.

In fact, he thinks it’s a great time to build a nuclear power station and submarines!

I can’t think of anything more expensive than building a nuclear power station… in fact it’s more expensive than sending a rocket to the moon and back, or building a couple of aircraft carriers!

I must say, that’s one hell of an expensive undertaking for “bankrupt” Turkey, smack in the middle of a global pandemic of so much uncertainly!


And what about Britain? They recently announced that they’re going to upgrade their military!

Once again… smack in the middle of a global pandemic! Even the shitty bases on Cyprus are getting a makeover, I hear!

Now seriously… if you were the British government would a mass military upgrade be your priority at this point in time. when everyone’s cash-flow has dwindled thanks to Covid?

And when you just booted yourself out of the EU and there are dozens of question marks over every aspect of future trade and relationships? Hmm…

You know, it’s like a select few have all of a sudden gotten hold of this “spare” cash; like an Xmas bonus or something, that they can spend on unnecessary luxury at the worst possible time… while most other nations are struggling to keep up with Covid ramifications!

What is going on here, fellas?

what you see today as a problem and wanting answers, started way back in 1971...the greatest ponzi scheme of all times...

here is a doco that pretty sums up the problem faced today...and will face for many years to come...unless of course it gets fixed, which, highly unlikely without a lot of pain

enjoy

[Lordo]

The solution is very simple. Workers of the world pay their taxes on a PAYE system, there is no reason on earth why Corporations cannot do the same. You work out what is a fair percentage for a corporation to pay on their earnings rather than their profits and problem can be solved overnight.
Perhaps we can start with rather than charging approx. 20% for profit, instead charging 5% of turnover or even 3%. That will make sure not only other corporations who have been evading or avoiding paying taxes pay their fair share of tax but also those who have benefited from the current situation pay their fair taxes too instead of hiding their money in tax heavens.

Bring back home the money tree.

[Maximus]

I have to agree with Lordo here!

Yeah, I agree with Lordo as well.

His words of wisdom are so profound aren't they?

He basically told us that Turkey was always poor, and now she is a poor again but she is still standing.

Tell that to 50% of the population that are living on the bread line that are still standing but with cup in hand.

The title of this thread is, Turkey is bankrupt,

Even bankrupt people still stand.

[Lordo]

I have a friend who lives and works in the RoC. He assures me the money system will collapse sooner or later so he keeps no money in the bank or under the matress. He converts all his money to silver or gold coins.
Perhaps he is not as crazy as he sounds.

[Maximus]

I have a friend who lives and works in the RoC. He assures me the money system will collapse sooner or later so he keeps no money in the bank or under the matress. He converts all his money to silver or gold coins.
Perhaps he is not as crazy as he sounds.

Buying silver or gold as a hedge against inflation or economic downturn is a prudent thing to do.

Nothing new here, precious metals have always been considered as a store of value.

That is why many/some Turks did it and dumped the Lira,

Because the country's economy has nose dived, inflation is running rampant and the currency has become worth less than smoking paper.

They are looking for some kind of insurance to shield themselves from some of the fall out, poverty is an undesirable option for them.

But even the poor are still standing.

[Get Real!]

I have a friend who lives and works in the RoC. He assures me the money system will collapse sooner or later so he keeps no money in the bank or under the matress. He converts all his money to silver or gold coins.
Perhaps he is not as crazy as he sounds.

Problem is you can’t easily turn metals to cash if needed, unless you’re in this line of work and/or have your regular contacts.

ie: My old man had a jewellery workshop for years so he knew where to buy gold/silver, for how much, and where to sell in its various formats, if needed.

These metals come in a variety of forms such as... bullion, bars, ingots, and even granules for workshops.

You gotta know what you’re doing, keep daily track of price fluctuations, and have a secure safe.

Overall, metals are not a practical solution for most people.

[Maximus]

Thats right, they are not the most practical solution but you can buy precious metals in paper form.

Its basically a share certificate, formally knows as a (CFD - contract for difference) whose value is linked to the price of gold.

These are easily convertible, instantaneous plus transfer times, providing the company issuing it doesnt go bankrupt.

Holding precious metals in physical form is the best scenario if you are preparing for some doomsday, apocalyptic scenario.

Where you have it in your possession, and you can chip a piece off and trade it with someone for something else.

Many Turks have this so called "under the mattress" gold and the Turkish central bank is trying to usurp it by getting them to deposit it with them.

So they can spunk it like they did with their foreign currency reserves trying to support the Lira.

This regime (Erogan) fucked up so bad that they are doubling and tripling down like a gambler that goes full tilt and bets the farm because they dont want to accept reality.

[Maximus]

So the canal project in Istanbul is going ahead at a cost of $9.2 billion.

10 KM to the east and running parallel, is the bosphorus straits. Its not enough that a natural "canal" exists just up the road. This corrupt regime needs to destroy the environment and create a second one.

This is just another pointless mega project to enrich endorgans cronies.

[Lordo]

it seems there are seveal other reasons why he is building the canal outside of his selfish interest.

Istanbul Canal aims to minimise shipping traffic in the Bosporus. It is projected to have a capacity of 160 vessel transits a day – similar to the current volume of traffic through the Bosporus, where traffic congestion leaves ships queuing for days off to transit the strait.

Some analysts have speculated the main reason for the construction of the canal was to bypass the Montreux Convention, which limits the number and tonnage of ships from non-Black Sea powers that could enter the sea via the Bosporus.

In January 2018, Turkish Prime Minister Binali Yıldırım announced that Istanbul Canal would not be subject to the Montreux Convention.