Post by Emperor AAdmin on Aug 17, 2020 19:33:06 GMT -5
Bank Runs In Turkey! Currency Panic As Locals Sell Their Cars & Houses To Buy Gold While Lira CRASH!
Epic Economist
233K subscribers
Will the current bank runs leading to an economic collapse in Turkey?
For Americans who want to look into the future, you no longer need a crystal ball or the words of a
233K subscribers
Will the current bank runs leading to an economic collapse in Turkey?
For Americans who want to look into the future, you no longer need a crystal ball or the words of a
magical fortune teller. All you have to do is watch what is unfolding in Turkey as this year’s Turkish
lira crash pushes their already crumbling country into even deeper ruin. If we continue on the path
we’re on, the mighty United States could very well follow Turkey’s lead into a total financial collapse.
Since 2015, Turkish citizens have watched helplessly as their purchasing power plummets year after
Since 2015, Turkish citizens have watched helplessly as their purchasing power plummets year after
year, now sitting at less than half of its previous value. The national currency-- the Turkish lira-- has
crashed sharply against the US dollar and many other major global currencies. Where it once sat at
3 lira for each dollar, that rate has now dipped to a record low of 7.37 lira per dollar. This year alone,
the lira plunged a staggering 20 percent.
Turkey’s President, Recep Tayyip Erdoğan, made a desperate last ditch effort in late July to enforce
shadow capital control and force funding rates upwards of 1000 percent, but even these extreme
measures failed. Earlier in the month, Erdoğan removed the sitting governor of the central bank, thus
leaving himself as the main figure in charge. Despite his grip on both politics and the country’s
financial systems, Erdoğan was unable to prevent the Turkish lira crash to all time low.
Still, that hasn’t stopped Erdoğan from wresting more and more power from other government
institutions and consolidating it for himself. Possible foreign investors watch this process with great
concern and thus become increasingly wary about dealing with Turkish companies.
That is only adding further to the country’s currency collapse. At this point, the capital controls put in
place by Erdoğan--among the strictest in the world--mean that Turkish citizens are heavily discouraged
from buying up comparably valuable US dollars that would allow them to build a safety net against the
inevitable devaluation of their own national currency. These controls leave the desperate public with
very few choices, and not much to lose.
In this video, we are going to discuss the economic collapse in Turkey and the impending crash of the
turkish lira, which has already lost more than half its value in the last several years. We’ll tell you how
this will affect Turkish citizens, and--looking at the economic indicators--why the US is heading down a
dangerously similar path to destruction.
Comments
Bob Best
2 hours ago
foreign conflict is a way to distract people from economic difficulty. one of the most popular tv series
ever made was about the ottoman empire, when islam and turkey were a major world power. turkey is
now involved in libya, syria, attacking the kurds again and threatening conflict with greece.
Blessed in the Philippines
1 hour ago
No worries, as soon as all the cash is extracted they will implement the new digital currency and the stamp*
1 hour ago
No worries, as soon as all the cash is extracted they will implement the new digital currency and the stamp*
* something or another.. we'll know when it's implemented... Or will we?
Bot King
1 hour ago
Conflicts with Greece and has a very young population. Could become a massive problem for EU
1 hour ago
Conflicts with Greece and has a very young population. Could become a massive problem for EU
John Miranda
1 hour ago (edited)
US dollar a solid asset? And you claim to an economist? Unlike gold, it’s hype, fiat, fake.
waitaminutedoggie
47 minutes ago
Maybe the Turks will now sell the Hagia Sophia back to the Christians.
47 minutes ago
Maybe the Turks will now sell the Hagia Sophia back to the Christians.
Arif Koçer
1 hour ago
As a Turk, the reason why a big collapse is awaiting us is because of the collapse of civilized
moral values Mustafa Kemal Atatürk set forth before us. Political Islam and its owners' irrational
dreams have bought the misery.
sabbuo fggh
1 hour ago
Lol before errdogan Istanbul was trash place because of nationalists like you he tripled the gdp
per cap and cleaned up the country
Yassine
1 hour ago
Erdogan tripled your gdp ... not securalism ... the zionism owns banking and attacks curencies
1 hour ago
Erdogan tripled your gdp ... not securalism ... the zionism owns banking and attacks curencies
Serina Hadjadj
53 minutes ago
Yeah but don't forget they have an agreement with the Libyan government so what's going on in
53 minutes ago
Yeah but don't forget they have an agreement with the Libyan government so what's going on in
Libya and what will happen there is the only one indicator that can clarify which way the Turkish
economy can be go with, geopolitics matters in predicting the future state of the country's economy
ska punk OI! alternative living
14 minutes ago
Everybody keeps talking about America going to collapse collapse collapse will America collapse already..
😄😄😄😄😃😃😃😃😃
Intelligently Stoopid
14 minutes ago
It will eventually. Itll be more accurately defined as a major transformation than a collapse though.
If we get thermo nuclear war then we may see some true collapse
The Rogue Nemesis
28 minutes ago
The 99.99% of humans need to stop being victims of their socio-economic management systems and
28 minutes ago
The 99.99% of humans need to stop being victims of their socio-economic management systems and
vapid, ego - bolstering consumer culture. The humans now have the technological means to decentralize
power, control, production and decision making, thus taking away power from the oppressive "elites"
the populace makes rich and votes into power to represent them, but in reality enslaves them.
The humans are ruled by fear which keeps them subjugated. Humans don't fully accept they are, at best,
The humans are ruled by fear which keeps them subjugated. Humans don't fully accept they are, at best,
servants to a system that does not have their interests in mind at all. Humans do not realize they have
lost everything or are going to lose everything they value in the next few years. Humans do not realize
or deny that THEY AREN'T FREE.
However, the most tragic state of humanity is that they have the TOOLS and KEYS to freedom in the
However, the most tragic state of humanity is that they have the TOOLS and KEYS to freedom in the
palm of their hands and at their fingertips with technology. No longer are humans bound to the dictates
of centralized power by governments and monetary policy makers and money controllers. The humans,
if they coordinate together, can destroy the centralized and oppressive powers of structure through
decentralized manufacturing, food production, decentralized currencies and peer 2 peer socio-economic
management systems.
To reiterate, humanity has TOOLS and KEYS to freedom in the palm of their hands and at their
To reiterate, humanity has TOOLS and KEYS to freedom in the palm of their hands and at their
fingertips with technology - use them or be shackle to even more austerity, control, pain, suffering
and death.
The choice is yours, you humans.
This is a message meant to inspire. This was a message from The Rogue Nemesis.
www.theroguenemesis.com/mission.php
The choice is yours, you humans.
This is a message meant to inspire. This was a message from The Rogue Nemesis.
www.theroguenemesis.com/mission.php