Cyprus-Forum.com

by **Maximus** » Mon Dec 20, 2021 6:40 pm

Lordo wrote:
repulsewarrior wrote:Turkey National Debt Is Low – So Why Are They In Trouble?

Read more at: https://commodity.com/data/turkey/debt-clock/

They have not mentioned the obvious reason.

Inflation is going up in all the countries because of the pandemic caused by supply chain issues. Because the attack on the lira has started it went up even further than most. In the meantime the finacial cunts can smell a quick buck because they guessed Lunatic Erdogan would attempt to buy to support the currency which means they can have a full attack and make a killing at the expense of the poor. These cunts do this everytime there is a real socialist party in government.

I have a solution and it will work 100%. Round up every cunt who is selling to make a killing in Turkey, give them a fair trial and then hang them. That will stop the attack.

You live in a fantasy land, :roll:

When something ceases to be a good investment, you pull your money out.

When something is high risk, and low probability of making a return, you steer clear and protect your capital.#

Investors like rules, laws, credibility, interest and capital preservation. Turkey offers none of it.

What Endorgan and the central bank did was just gambling. They stepped out in front of an oncoming train thinking they could stop it and got squashed.

by **Maximus** » Mon Dec 20, 2021 6:51 pm

The Lira dropped another 2 euros today.

Which is another 11.5% drop from Friday, the second highest drop in a single day in its history.

5 cents now buys 1 TL.... :shock:

by **repulsewarrior** » Mon Dec 20, 2021 7:08 pm

...war, war, war; the only thing normal in Erdogan's Turkey: a question of when and where, the next one.

by **Maximus** » Mon Dec 20, 2021 7:16 pm

repulsewarrior wrote:...war, war, war; the only thing normal in Erdogan's Turkey: a question of when and where, the next one.

the next one will be inside the country.

by **repulsewarrior** » Mon Dec 20, 2021 7:37 pm

...the "Turks" vs the Turks.

In effect, the Problem in Turkey, like the Problem in Cyprus may be solved by the unity "Turkishness" provokes in its adversaries; both internationally, and in Turkey. Alone, none of them have the power he has, but together they may find a way. As in Cyprus, the power of 'enosis' can be defined, in a Cypriot way; the same power Turks need in Turkey.

...it is a hopeful moment in a counter intuitive kind of way. What with Turkey's Centennial but two years away he may turn on a dime, for his Legacy; fame rather than infamy from "us", the rest of us not "them". Turkey a State among States, not a Nation, perpetually at War with everyone else.

by **Maximus** » Mon Dec 20, 2021 9:47 pm

The lira has just strengthened by 7 euro in a matter of 4 hours.

The currency appreciated from around 21 to the euro to 14 to the euro.

Something really unprecedented must have happened.

I will try to work out what has gone on.

by **Lordo** » Mon Dec 20, 2021 10:41 pm

Maximus wrote:The lira has just strengthened by 7 euro in a matter of 4 hours.

The currency appreciated from around 21 to the euro to 14 to the euro.

Something really unprecedented must have happened.

I will try to work out what has gone on.

You see If I bought some the other day I would have made a few quid.Its sounds as though you were meant to say what;s gone wrong.

Parasite markets ohps I mean financial markets is what they are

by **Maximus** » Mon Dec 20, 2021 10:58 pm

Lordo wrote:
Maximus wrote:The lira has just strengthened by 7 euro in a matter of 4 hours.

The currency appreciated from around 21 to the euro to 14 to the euro.

Something really unprecedented must have happened.

I will try to work out what has gone on.
You see If I bought some the other day I would have made a few quid.Its sounds as though you were meant to say what;s gone wrong.

Parasite markets ohps I mean financial markets is what they are

You should have done that as it seems like erdogoon has proposed a raft of measures for the anti-dollarization of the economy. The people who are attacking the economy the most are from within.

He is trying to support the lira indirectly without going back on his pledge of lower interest rates.

So far, from what I have heard, is that he has announced a deposit guarantee scheme for citizens, and tried to alleviate peoples and business concerns by providing more subsidy for imports and inflation.

Things arent that clear yet and the Turkish markets are very turbulent bordo.

by **Kikapu** » Mon Dec 20, 2021 11:36 pm

"Dead Cat Bounce", a temporary bandaid fix with empty promises by Erdogan for the people to stop buying foreign currencies. My guess is the central bank has once again intervened in a big way to buy the TL, although not announced yet. The next few days will be telling what has happened exactly with the appreciation of the TL by almost 20% today.

by **erolz66** » Mon Dec 20, 2021 11:39 pm

well not wanting to brag I bought some TL this morning around 9am when it first peaked over 24 to the pound. Not much, just under a £200. Kind of as a punt expecting a 'usual' intervention buying TL with swapped USD and maybe a drop back to just under 23. Just saw it was 17.8 and sold back. Made a quick £40 something.

revo.JPG

Screenshot from my revolut account.