The Best Cyprus Community

Skip to content


Turkey is bankrupt

Feel free to talk about anything that you want.

Re: Turkey is bankrupt

Postby Maximus » Mon Dec 13, 2021 7:15 pm

Lordo wrote:It's funny how in here there is no mention of figures being false. Kicks stop feeding the monkey peanuts.

https://tradingeconomics.com/turkey/rating

S&P Global Ratings has revised on December 10th, 2021 Turkey’s sovereign credit rating outlook to negative from stable and affirmed the debt grade at B+, citing rising external risks from extreme currency volatility and high inflation. The agency noted that the lira has weakened 30% against the dollar since late October, against the loosening of monetary policy over the past three months, amid high and rising inflation. In its opinion, further depreciation could pressure inflation in 2022 and may lead to a bigger deficit.

S&P warned that could cut ratings if the government's policies "further undermined the exchange rate of the lira and worsened the inflation outlook, heightening the risk of banking system distress". Moody's credit rating for Turkey was last set at B2 with negative outlook. Fitch's credit rating for Turkey was last reported at BB- with negative outlook. DBRS's credit rating for Turkey is BB (high) with negative outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Turkey thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Turkey as reported by major credit rating agencies.

Grade
Investment
AAA Highest rating. Extremely strong capacity to meet financial commitments
AA Very strong capacity to meet financial commitments
A Strong capacity to meet financial commitments, but somewhat susceptible to adverse economic conditions and changes in circumstances
BBB Adequate capacity to meet financial commitments, but more subject to adverse economic conditions
BBB- Considered lowest investment-grade by market participants Speculative
BB+ Considered highest speculative-grade by market participants
BB Less vulnerable in the near-term but faces major ongoing uncertainties to adverse business, financial and economic conditions
B More vulnerable to adverse business, financial and economic conditions but currently has the capacity to meet financial commitments
CCC Currently vulnerable and dependent on favorable business, financial and economic conditions to meet financial commitments
CC Highly vulnerable; default has not yet occurred, but is expected to be a virtual certainty
C Currently highly vulnerable to non-payment, and ultimate recovery is expected to be lower than that of higher rated obligations
D Payment default on a financial commitment or breach of an imputed promise; also used when a bankruptcy petition has been filed or similar action taken


Enjoy


I still dont think you get it,

These sites and agencies collect the data published from Turkstat, another agency under erdogoons control.

An agency that doesnt let the leader of the main opposition in to the building to investigate or question or get the real data.

Has it sunk through your golodji yet?

No?

Years back, erdogoon tried to bully them in to giving Turkey a good rating. Which he couldnt get them to do,

so he does the next best thing, usurps control of the statistics agency to feed them the wrong information. :roll:
Maximus
Main Contributor
Main Contributor
 
Posts: 7594
Joined: Wed Aug 10, 2011 7:23 pm

Re: Turkey is bankrupt

Postby Kikapu » Mon Dec 13, 2021 7:39 pm

Pyrpolizer wrote:Mainland Greeks, mainland Turks, the same shit if you ask me.
Problem is we still have a lot of people from both sides in Cyprus still believing in "motherlands"


Yes, you are correct about people from both sides believing in their respective “motherlands”, foolishly I may add, but for now, it is the TC in the north who are getting a rude awakening of their “ motherland’s” major fuck up with the TL, the economy and the inflation rates. Greek Cypriots paid the price when they were robbed in broad daylight with the “bail-in” after trying to help Greece’s bail-out by lending money to them few years back. :shock:
User avatar
Kikapu
Leading Contributor
Leading Contributor
 
Posts: 18050
Joined: Sun Apr 16, 2006 6:18 pm

Re: Turkey is bankrupt

Postby Kikapu » Mon Dec 13, 2021 8:57 pm

This’ what happens to you if you don’t support the governments versions on the economy if you make a YouTube videos.

Turkish YouTubers detained over interviews on economy placed on house arrest

Dec 13 2021 08:23 Gmt+3


Turkish authorities on Monday placed on house arrest three independent journalists who were detained after interviewing citizens over Turkey’s ailing economy, Diken news site reported.

Hasan Köksoy, who runs “Kendine Muhabir’’ in southern Antalya province, Arif Kocabıyık and Turan Kural of İlave TV have been put on house arrest after being released following a pre-dawn raid on Sunday leading to their detention, Diken said.

The YouTubers, based out of Turkey’s southern Antalya province who had been interviewing locals about the country’s financial woes, have also been banned from leaving the country, according to the outlet.

The lira has lost around 40 percent of its value since the beginning of the year and tumbled 39 percent since a September rate cut, to record-breaking lows against the U.S. dollar and euro. Inflation in the country is around 21 percent, according to official data.

The arrests were ordered after Mücahit Birinci, a lawmaker in President Recep Tayyip Erdoğan’s ruling Justice and Development Party (AKP) filed a complaint, Gerçek Gündem news site reported.

Erdoğan over the weekend warned that social media was “the main threat to democracy,” and his government has vowed to crack down harder on what it calls “disinformation’’ on the internet.

New legislation would make the dissemination of “disinformation” and “fake news” criminal offences punishable by up to five years in prison, according to Turkish media reports.

https://ahvalnews.com/arrests/turkish-y ... use-arrest
User avatar
Kikapu
Leading Contributor
Leading Contributor
 
Posts: 18050
Joined: Sun Apr 16, 2006 6:18 pm

Re: Turkey is bankrupt

Postby Get Real! » Mon Dec 13, 2021 9:50 pm

Kikapu wrote:
Turkish YouTubers detained over interviews on economy placed on house arrest

Online political activists living under the regime they are disgruntled with, should be smart enough to avoid using popular browsers and opt for unknown ones that do not store surfing activity/history.

Had they used my browser they would’ve had nothing to fear from their government as nothing could be unearthed from their hard disk; which is crucial for the authorities to present evidence in court of their activities.

It could make the difference between life-death and/or freedom-incarceration.
User avatar
Get Real!
Forum Addict
Forum Addict
 
Posts: 48333
Joined: Mon Feb 26, 2007 12:25 am
Location: Nicosia

Re: Turkey is bankrupt

Postby repulsewarrior » Mon Dec 13, 2021 9:58 pm

...indeed, it is a matter of confidence; ratings, etc. (his could blow sky high)

...he speaks to his base, first. They are loyal to him, and the way they wish to live life. Isolated as they are, to these rural dwellers, anything outside of Turkey is strange, even what is urban must seem foreign to them. And we, the rest of us sit horrified, while Erdogan's Turkey is changing with a coarse that is horrible to imagine, for us; what is "Humanity" put into question, should our convictions and values wane.

He wants Turkey to be expanding, he wants to be Islam's "Protector", and a Caliphate in Istanbul. He wants to change the world. His voters give him this opportunity; and while he holds a majority in Turkey, it is not the overwhelming majority of Turkey's People. Those who seek to moderate their opinions through reasoned dialog are fewer, those against him (still) stand apart. In any case, we hope, having the intelligence to bring Turkey to the brink in so many ways, he also has the same capacity, having changed intentions, to act differently: for Turkey, not for "Turkishness", respect for Turkey's diversity, respect for Cyprus' diversity, respect for the Universal Principles which make Turkey beyond a Nation of/"for" Turks but a State.

...interesting stuff, and this is the preview; soon the popcorn, soon enough.
User avatar
repulsewarrior
Leading Contributor
Leading Contributor
 
Posts: 14254
Joined: Sat Apr 08, 2006 2:13 am
Location: homeless in Canada

Re: Turkey is bankrupt

Postby repulsewarrior » Mon Dec 13, 2021 9:59 pm

Get Real! wrote:
Kikapu wrote:
Turkish YouTubers detained over interviews on economy placed on house arrest

Online political activists living under the regime they are disgruntled with, should be smart enough to avoid using popular browsers and opt for unknown ones that do not store surfing activity/history.

Had they used my browser they would’ve had nothing to fear from their government as nothing could be unearthed from their hard disk; which is crucial for the authorities to present evidence in court of their activities.

It could make the difference between life-death and/or freedom-incarceration.


...well said. ekei e katantisame.
User avatar
repulsewarrior
Leading Contributor
Leading Contributor
 
Posts: 14254
Joined: Sat Apr 08, 2006 2:13 am
Location: homeless in Canada

Re: Turkey is bankrupt

Postby Maximus » Mon Dec 13, 2021 10:16 pm

Dont know how you come to that conclusion,

They are posting the interviews online for everyone to see.

"but your excellency, I got the classic browser installed."
Maximus
Main Contributor
Main Contributor
 
Posts: 7594
Joined: Wed Aug 10, 2011 7:23 pm

Re: Turkey is bankrupt

Postby Lordo » Mon Dec 13, 2021 10:32 pm

And there was me thinking you found somebody who showed the figures to be false and have been arrested. So they interviewed a few people and publicised their interview. Here is what one Youtuber said about the matter. “We are journalists trying to make the voices of the people on the street heard in the palaces,” Mehmet Oyuncu, one of the three journalists, wrote in a tweet. “Every day, they try to intimidate us with violent provocateurs, detentions and arrests, but we have not taken a step back.”
Stop wasting your fuckin time and concentrate the real crime of children being killed and declared as terrorist, civilians being killed and pulled behind a Jeep like a dead dog declaring them as terrorists. Concentrate on how much help these criminal are getting from America ffs.
User avatar
Lordo
Leading Contributor
Leading Contributor
 
Posts: 22287
Joined: Wed Oct 05, 2011 2:13 pm
Location: From the river to the sea, Palestine will be free. Walk on Swine walk on

Re: Turkey is bankrupt

Postby Get Real! » Mon Dec 13, 2021 10:48 pm

Maximus wrote:Dont know how you come to that conclusion,

They are posting the interviews online for everyone to see.

"but your excellency, I got the classic browser installed."

Let me help you...

Defense: “It’s not my client who uploaded the offensive video!”

State Prosecutor: “But it is your client’s YouTube account!”

Defense: “Yes, but it must’ve been hacked. Someone else posted that video because he didn't!”

At this stage the state prosecutor is unable to present a history log of upload/download and other online activity details to prove who uploaded the video and case dismissed!

That's the difference between using the Classic browser and using Chrome/FF/Edge/Opera/etc.

The Internet activity history logs are *everything* if you’re gonna get a conviction.
User avatar
Get Real!
Forum Addict
Forum Addict
 
Posts: 48333
Joined: Mon Feb 26, 2007 12:25 am
Location: Nicosia

Re: Turkey is bankrupt

Postby Get Real! » Mon Dec 13, 2021 11:06 pm

There is a group of software dedicated to “browser forensics” or “digital forensics” that police worldwide use to extract everything a suspect has been doing from the very first day they installed a browser, like this example here...

https://www.bitsdujour.com/software/rs- ... -forensics

The police PRAY that you are using one of… Chrome, Firefox, Opera, IE, Edge, Brave ...or they’re fucked!
User avatar
Get Real!
Forum Addict
Forum Addict
 
Posts: 48333
Joined: Mon Feb 26, 2007 12:25 am
Location: Nicosia

PreviousNext

Return to General Chat

Who is online

Users browsing this forum: No registered users and 1 guest