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BEHIND THE COLLAPSE OF THE TURKISH LIRA

Goldbrix

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Goldbrix

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solarion

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1637784219782.png


-90.57% vs the US dollar since 2008...a year that seems to mark the height of a lot of currencies vs the US dollar. Now consider that the US dollar has lost roughly 42% of it's purchasing power during the same timeframe. That's a lot of pain.
 

the_shootist

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View attachment 234028

-90.57% vs the US dollar since 2008...a year that seems to mark the height of a lot of currencies vs the US dollar. Now consider that the US dollar has lost roughly 42% of it's purchasing power during the same timeframe. That's a lot of pain.
a tiny little domino...
 

Buck

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"Gold and Silver Crash on Inflation Fears"


remind me, What's a Lyra?


Turkey is a country bent on 'going it's own way', the CB's don't mind if it's an influencing type of an event, the crash of the Lira
 

solarion

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a tiny little domino...
Not to those unfortunate enough to have stored their wealth in lira.

Here's a list of the nations with official inflation rates > 10% around the world.

1637788657374.png


...and the nation with the lowest? Naturally that's Saudi Arabia...the obvious beneficiary of soaring energy prices at -2.1%.
 

nickndfl

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Turkey has cheapest retail firearms like SAR pistols and CZ75 clones. Get them at PSA.
 

Buck

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Not to those unfortunate enough to have stored their wealth in lira.

Here's a list of the nations with official inflation rates > 10% around the world.

View attachment 234036

...and the nation with the lowest? Naturally that's Saudi Arabia...the obvious beneficiary of soaring energy prices at -2.1%.
USD (FIAT) babeeeeeee
 

Uglytruth

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Coming soon HERE!
 

Goldhedge

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All fiat monies as well. Not one is gold & silver backed.

The power of being the Reserve Currency of the world.... we are still kicking...
 

Goldbrix

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All fiat monies as well. Not one is gold & silver backed.

The power of being the Reserve Currency of the world.... we are still kicking...
Until the postponed review by the BIS of the SDR Basket which is suppose to happen in 2022. It was to be reviewed this year.
 

Scorpio

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I did not watch the vids, preface

but a downturn in Turkey was and is to be expected,

they started traveling their own path, contrary to us policy,
then they were a jump point air base for our troops to access the ME, and a nato member

anything contrary to the us, was a major no no

it would be one thing if they were just another raghead country, but they aren't
this is about affecting the MIC

I am actually sort of surprised that they have been this muted in the response,
that they are trying the carrot and stick first
 

Goldbrix

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I am actually sort of surprised that they have been this muted in the response,
that they are trying the carrot and stick first
Because the Turks have made goo-goo eyes with the Russians and started buying some Russian made military toys. Another rebuff of Uncle Sam's influence.