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Turkey is bankrupt

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Re: Turkey is bankrupt

Postby Lordo » Tue Dec 21, 2021 1:23 am

Maximus wrote:
erolz66 wrote:
That did fell like a crypto trade.


I bet it did, the last time I saw something to that extreme for a fiat currency was Brexit and the pound tanked 20 cents to the Dollar in a matter of hours after the referendum.

That was unprecedented for the GBP but a $7 appreciation for the lira in a matter of hours is a new record for the currency.

Anyone buying or selling lira near the bottom must have been shitting their pants.

You have done it again. TL did not appricate 7 dollars you idiot, TL appreciated 7TL aganist the dollar. Gavole. I would give up looking at finces if I was you and return back to toilet cleaning boy.
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Re: Turkey is bankrupt

Postby Maximus » Tue Dec 21, 2021 1:28 am

Lordo wrote:
Maximus wrote:
erolz66 wrote:
That did fell like a crypto trade.


I bet it did, the last time I saw something to that extreme for a fiat currency was Brexit and the pound tanked 20 cents to the Dollar in a matter of hours after the referendum.

That was unprecedented for the GBP but a $7 appreciation for the lira in a matter of hours is a new record for the currency.

Anyone buying or selling lira near the bottom must have been shitting their pants.

You have done it again. TL did not appricate 7 dollars you idiot, TL appreciated 7TL aganist the dollar. Gavole. I would give up looking at finces if I was you and return back to toilet cleaning boy.


What are you talking about,

$1 was buying 21 TL, then the price went to 14 TL. It dropped 7 TL to the dollar.

Shit, you might for once in your life be right re garvoune. Where is that toilet brush?
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Re: Turkey is bankrupt

Postby erolz66 » Tue Dec 21, 2021 1:31 am

Things are moving rapidly lol. None of us are getting any younger :)
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Re: Turkey is bankrupt

Postby Lordo » Tue Dec 21, 2021 1:35 am

erolz66 wrote:Things are moving rapidly lol. None of us are getting any younger :)

But the toilet brush does not move so Maxiboy is ok. He just has to remember to hold it from the correct end.
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Re: Turkey is bankrupt

Postby Lordo » Tue Dec 21, 2021 1:40 am

Maximus wrote:
Lordo wrote:
Maximus wrote:
erolz66 wrote:
That did fell like a crypto trade.


I bet it did, the last time I saw something to that extreme for a fiat currency was Brexit and the pound tanked 20 cents to the Dollar in a matter of hours after the referendum.

That was unprecedented for the GBP but a $7 appreciation for the lira in a matter of hours is a new record for the currency.

Anyone buying or selling lira near the bottom must have been shitting their pants.

You have done it again. TL did not appricate 7 dollars you idiot, TL appreciated 7TL aganist the dollar. Gavole. I would give up looking at finces if I was you and return back to toilet cleaning boy.


What are you talking about,

$1 was buying 21 TL, then the price went to 14 TL. It dropped 7 TL to the dollar.

Shit, you might for once in your life be right re garvoune. Where is that toilet brush?

Reh tsillargazmenosalamdjeri, what do you mean for once, I am always right. Even when I am wrong I am still right.
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Re: Turkey is bankrupt

Postby erolz66 » Tue Dec 21, 2021 1:42 am

Lordo wrote:
Maximus wrote:
Lordo wrote:
Maximus wrote:
erolz66 wrote:
That did fell like a crypto trade.


I bet it did, the last time I saw something to that extreme for a fiat currency was Brexit and the pound tanked 20 cents to the Dollar in a matter of hours after the referendum.

That was unprecedented for the GBP but a $7 appreciation for the lira in a matter of hours is a new record for the currency.

Anyone buying or selling lira near the bottom must have been shitting their pants.

You have done it again. TL did not appricate 7 dollars you idiot, TL appreciated 7TL aganist the dollar. Gavole. I would give up looking at finces if I was you and return back to toilet cleaning boy.


What are you talking about,

$1 was buying 21 TL, then the price went to 14 TL. It dropped 7 TL to the dollar.

Shit, you might for once in your life be right re garvoune. Where is that toilet brush?

Reh tsillargazmenosalamdjeri, what do you mean for once, I am always right. Even when I am wrong I am still right.


I think that is just a claim on being Cypriot is it not ?
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Re: Turkey is bankrupt

Postby Kikapu » Tue Dec 21, 2021 10:59 am

Now Turks are trying to sell off their stocks after it had appreciated while the TL was going down, so that they can buy foreign currencies as it is cheaper than it was a day earlier. But of course, it keeps triggering a break to stop trading in the stock market to prevent a run on the stocks. Talk about being between a rock and a hard place for many Turks.
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Re: Turkey is bankrupt

Postby Pyrpolizer » Tue Dec 21, 2021 11:51 am

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

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


Good read RW.
I conclude the correct word for Turkey is not bankrupt. It's broke.
Bankrupt is when you don't have enough money to pay your debts.
Broke is when you don't have enough money to survive.
Which of the 2 is worse, I am not sure, I think broke is worse. Let the economists of the forum tell us :wink:
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Re: Turkey is bankrupt

Postby Lordo » Tue Dec 21, 2021 12:42 pm

erolz66 wrote:
Lordo wrote:
Maximus wrote:
Lordo wrote:
Maximus wrote:
erolz66 wrote:
That did fell like a crypto trade.


I bet it did, the last time I saw something to that extreme for a fiat currency was Brexit and the pound tanked 20 cents to the Dollar in a matter of hours after the referendum.

That was unprecedented for the GBP but a $7 appreciation for the lira in a matter of hours is a new record for the currency.

Anyone buying or selling lira near the bottom must have been shitting their pants.

You have done it again. TL did not appricate 7 dollars you idiot, TL appreciated 7TL aganist the dollar. Gavole. I would give up looking at finces if I was you and return back to toilet cleaning boy.


What are you talking about,

$1 was buying 21 TL, then the price went to 14 TL. It dropped 7 TL to the dollar.

Shit, you might for once in your life be right re garvoune. Where is that toilet brush?

Reh tsillargazmenosalamdjeri, what do you mean for once, I am always right. Even when I am wrong I am still right.


I think that is just a claim on being Cypriot is it not ?

It is indeed and Cyprus is also at the centre of the universe.
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Re: Turkey is bankrupt

Postby Lordo » Tue Dec 21, 2021 12:45 pm

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

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


Good read RW.
I conclude the correct word for Turkey is not bankrupt. It's broke.
Bankrupt is when you don't have enough money to pay your debts.
Broke is when you don't have enough money to survive.
Which of the 2 is worse, I am not sure, I think broke is worse. Let the economists of the forum tell us :wink:

You borrow to get by knowing there are better times coming. In the case of Turkey you go to uncle sam and ask for a hand out, which he does give so long as you are a good boy and look after their American interests when required.

But surely this gain has nothing to do with the situation on the ground, Clearly there are other forces at play which need to be looked at. I wil lstart a thread to look into the financial world and what is wrong with it,
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