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Erdogan’s reckless Erdonomics policy is driving Turkish Lira over a cliff

Erdogan’s reckless Erdonomics policy is driving Turkish Lira over a cliff

The Duran: Episode 921

‘People are just shocked’: Turkey’s lira plunges after Erdogan sacks third central bank chief in two years

‘People are just shocked’: Turkey’s lira plunges after Erdogan sacks third central bank chief in two years

Turkey’s lira fell dramatically on Monday morning after President Recep Tayyip Erdogan fired the country’s central bank chief – the third to be fired in two years – sending shockwaves through the investor community. The currency plunged more than 16% in early morning Asian trading, according to analysts, hitting 8.4 against the dollar compared to a close of 7.21 on Friday.

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Franz Beckenbauer
Franz Beckenbauer
March 23, 2021

2 Points:

1. The only “growth” in Erdogan’s turkey is in the number of mosques, the number of women wearing headscarves and the number of enemies he makes. Seems he follow’s the prophet’s policies quite rigourously.
2. You ask what interest thev russians have in Turkey and suggest that they have “illusions”. With all due respect, russians don’t base their policies on illusions. And they can look at a map.

WaveDancer
WaveDancer
Reply to  Franz Beckenbauer
March 24, 2021

Point 1: Absolutely agree. Point 2: Alexander said clearly “some” people in Moscow. Fact is, Russia has a lot of investments and economy interests in Turkey which makes a straight forward policy diffcult!

Last edited 4 months ago by WaveDancer
Helga I. Fellay
Helga I. Fellay
Reply to  Franz Beckenbauer
March 24, 2021

Franz, I agree with your first statement. But I seriously doubt that Prophet Muhammad had the same policies, but then I am no expert on that. Perhaps he follows the prophet’s policies in the same way Christian popes and Christian kings and emperors have followed the humble socialist policies of Jesus Christ. I agree that Russia’s interests in cooperation with Turkey can easily be assessed by looking at a map.

WaveDancer
WaveDancer
March 24, 2021

Erdogan and his hard core islamist cronies see in the West and Far-East only “unbelievers” who can be lied at and cheated at! Turkey will play the card of “instability” and ALL will be just to happy to prevent it with some more billions of dollars!

Helga I. Fellay
Helga I. Fellay
March 24, 2021

Another note: Erdogan never had any support in the cities of Istanbul, Ankara and Izmir. Whatever support he did have in those cities has been declining, and with the current situation it is bound to decline even more. The only reason he was re-elected is that he reigns in the rural areas of huge Anatolia which supports him primarily because Erdogan is a traditional Islamist. But as a failing economy is going to drive more rural Anatolian Islamist to move to the large cities in search of jobs, this will not work out in Erdogan’s favor in the long run.

Franz Beckenbauer
Franz Beckenbauer
Reply to  Helga I. Fellay
March 24, 2021

Erdogan had two sources of income left: the money from the EU for keeping the refugees at bay and the oil smuggling from Syria through Turkey. With the greeks playing hardball and the Syrians bombing the makeshift refineries in northern Syria both are gone. He’s done.

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