Casual-observer Posted December 17, 2021 Share Posted December 17, 2021 https://www.zerohedge.com/markets/turkey-halts-all-stock-trading-currency-disintegrates-central-bank-powerless-halt-collapse New Migrant crisis about to begin? Quote Link to comment Share on other sites More sharing options...
markyh Posted December 17, 2021 Share Posted December 17, 2021 24 minutes ago, Casual-observer said: https://www.zerohedge.com/markets/turkey-halts-all-stock-trading-currency-disintegrates-central-bank-powerless-halt-collapse New Migrant crisis about to begin? Plenty of wise Turkish bought Bitcoin, and protected their wealth, they are happy as pigs in shit and going nowhere. Bitcoin in Turkish Lira is near all time highs. Quote Link to comment Share on other sites More sharing options...
reddog Posted December 17, 2021 Share Posted December 17, 2021 Surely a currency crash is good for the stock market? Quote Link to comment Share on other sites More sharing options...
msi Posted December 17, 2021 Share Posted December 17, 2021 1 hour ago, Casual-observer said: https://www.zerohedge.com/markets/turkey-halts-all-stock-trading-currency-disintegrates-central-bank-powerless-halt-collapse New Migrant crisis about to begin? A country's economy under strain, possible contagion on world markets, impact for imports and exports. ...and all you can think of is 'will there be more dinghies on my coast....'? Quote Link to comment Share on other sites More sharing options...
Staffsknot Posted December 17, 2021 Share Posted December 17, 2021 1 hour ago, msi said: A country's economy under strain, possible contagion on world markets, impact for imports and exports. ...and all you can think of is 'will there be more dinghies on my coast....'? Ironically Turkey invested in facilities and created stable new infrastructure for refugees. When a typical crap US interviewer said to Erdogan, who let's face it is a dictatorial nutcase, "aren't you just making the problem permanent" he replied "they're people!" - when he's more caring than you I think its time to question your life choices. Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted December 17, 2021 Share Posted December 17, 2021 If only there was a decentralised currency that fixed this. A currency free from political and bankster cartel manipulations. Hmmm… Quote Link to comment Share on other sites More sharing options...
Huggy Posted December 17, 2021 Share Posted December 17, 2021 I salute Turkey for selflessly setting themselves up as an example of what low interest rates can do to a country. Let's hope this gets into the minds of all people under the financial heel of the Fed, BoE, ECB etc. "Don't be like Turkey" people will cry! Turkey cuts interest rates despite spiralling inflation https://www.bbc.co.uk/news/business-59681825 Rates here at >6% next November? Quote Link to comment Share on other sites More sharing options...
shlomo Posted December 17, 2021 Share Posted December 17, 2021 The safest Currencies at the moment are the US dollar and Pound Sterling, I would not be confident holding Euros if the Russian Juggernaut moves towards Ukraine Quote Link to comment Share on other sites More sharing options...
reddog Posted December 17, 2021 Share Posted December 17, 2021 6 minutes ago, shlomo said: The safest Currencies at the moment are the US dollar and Pound Sterling, I would not be confident holding Euros if the Russian Juggernaut moves towards Ukraine Swiss Francs? Quote Link to comment Share on other sites More sharing options...
shlomo Posted December 17, 2021 Share Posted December 17, 2021 23 minutes ago, reddog said: Swiss Francs? I am sure Switzerland economy is 75% linked to the Euro Zone, which is probably not a good thing at the moment Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted December 17, 2021 Share Posted December 17, 2021 Why would there be more migrants and why would any country accept them? Quote Link to comment Share on other sites More sharing options...
telespy Posted December 18, 2021 Share Posted December 18, 2021 10 hours ago, Roman Roady said: Why would there be more migrants and why would any country accept them? There are almost 4 million refugees in Turkey (source). So I suppose the logic might be that if whatever Turkish lira they get is buying less and less, they might decide to leave and migrate to the EU and some might come to UK? Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted December 18, 2021 Share Posted December 18, 2021 15 minutes ago, telespy said: There are almost 4 million refugees in Turkey (source). So I suppose the logic might be that if whatever Turkish lira they get is buying less and less, they might decide to leave and migrate to the EU and some might come to UK? But they will not be refugees Quote Link to comment Share on other sites More sharing options...
Casual-observer Posted December 18, 2021 Author Share Posted December 18, 2021 35 minutes ago, telespy said: There are almost 4 million refugees in Turkey (source). So I suppose the logic might be that if whatever Turkish lira they get is buying less and less, they might decide to leave and migrate to the EU and some might come to UK? Correct, Erdogan uses refugees as a bargaining chip with the EU. If the country either destabilises/bankrupts and/or descends into civil war then it spells bad news Europe for many fronts. 15 hours ago, msi said: A country's economy under strain, possible contagion on world markets, impact for imports and exports. ...and all you can think of is 'will there be more dinghies on my coast....'? Easy tiger, it was just an observation. I'm sure you'll be first in the queue to put them up in your house. Quote Link to comment Share on other sites More sharing options...
Mikhail Liebenstein Posted December 18, 2021 Share Posted December 18, 2021 18 hours ago, markyh said: Plenty of wise Turkish bought Bitcoin, and protected their wealth, they are happy as pigs in shit and going nowhere. Bitcoin in Turkish Lira is near all time highs. Not without electricity Quote Link to comment Share on other sites More sharing options...
Mikhail Liebenstein Posted December 18, 2021 Share Posted December 18, 2021 2 hours ago, telespy said: There are almost 4 million refugees in Turkey (source). So I suppose the logic might be that if whatever Turkish lira they get is buying less and less, they might decide to leave and migrate to the EU and some might come to UK? Turkey also has a population around 84 million, clearly our new Brexit Government will be welcoming all of them to work in much needed roles such in Turkish Coffee Shops and Barbers. Quote Link to comment Share on other sites More sharing options...
markyh Posted December 18, 2021 Share Posted December 18, 2021 4 minutes ago, Mikhail Liebenstein said: Not without electricity Yeah but without electricity you cant get cash from an ATM or use cash in a Supermarket in a modern city either. Pretty much everything is screwed. you can spend with Bitcoin if both parties use mobile phone apps and a data signal. Quote Link to comment Share on other sites More sharing options...
coypondboy Posted December 18, 2021 Share Posted December 18, 2021 15 hours ago, reddog said: Swiss Francs? Just don't take out a swiss franc mortgage as many did in 2005-07 in eastern europe and uk second home owners all got their fingers burned during last financial crisis https://citywire.com/funds-insider/news/swiss-franc-mortgages-the-timing-couldn-t-have-been-worse/a507942 Quote Link to comment Share on other sites More sharing options...
anonguest Posted December 18, 2021 Share Posted December 18, 2021 15 hours ago, shlomo said: The safest Currencies at the moment are the US dollar and Pound Sterling, I would not be confident holding Euros if the Russian Juggernaut moves towards Ukraine Because you truly believe that BoJo won't go joining in on whatever irrational shenaningans are going on over there. I think you'll find that in the aftermath of a nuclear holocaust ALL currencies will be worthless. Quote Link to comment Share on other sites More sharing options...
anonguest Posted December 18, 2021 Share Posted December 18, 2021 Property will presumably get cheap for non-Turkish buyers? Never been there though. So no idea what the place is like. Are there ANY parts of the country worth living in? Quote Link to comment Share on other sites More sharing options...
shlomo Posted December 18, 2021 Share Posted December 18, 2021 2 minutes ago, anonguest said: Because you truly believe that BoJo won't go joining in on whatever irrational shenaningans are going on over there. I think you'll find that in the aftermath of a nuclear holocaust ALL currencies will be worthless. But will houses go down in value...LOL Quote Link to comment Share on other sites More sharing options...
anonguest Posted December 18, 2021 Share Posted December 18, 2021 (edited) Just now, shlomo said: But will houses go down in value...LOL Actually ANY houses still standing would presumably go UP in 'value' - though uncertain if in actual price. Edited December 18, 2021 by anonguest Quote Link to comment Share on other sites More sharing options...
shlomo Posted December 18, 2021 Share Posted December 18, 2021 8 minutes ago, anonguest said: Because you truly believe that BoJo won't go joining in on whatever irrational shenaningans are going on over there. I think you'll find that in the aftermath of a nuclear holocaust ALL currencies will be worthless. Putin expresses his alpha behavior by invading countries, BJ displays it by popping women, we are lot safer as BJ as leader Quote Link to comment Share on other sites More sharing options...
wighty Posted December 18, 2021 Share Posted December 18, 2021 31 minutes ago, anonguest said: Property will presumably get cheap for non-Turkish buyers? Never been there though. So no idea what the place is like. Are there ANY parts of the country worth living in? Tourist areas on the southern coast are lovely places. Been to Antalya and Alanya many times. Lovely housing, very cheap (100-200k euro) for 4 bed new build villa. Very cheap cost of living. Check out rightmove. Everything is priced in euro, £ , $. Quote Link to comment Share on other sites More sharing options...
msi Posted December 18, 2021 Share Posted December 18, 2021 11 hours ago, Casual-observer said: Easy tiger, it was just an observation. I'm sure you'll be first in the queue to put them up in your house. I married one, how many VeTerEnS bEfoRe ImMiGraNtS you helped? Quote Link to comment Share on other sites More sharing options...
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