Confusion of VIs Posted December 18, 2021 Share Posted December 18, 2021 12 hours ago, Roman Roady said: But they will not be refugees They are already refugees, what happens if Turkey says we cannot afford to support 4m refugees and passes them on to Europe. Quote Link to comment Share on other sites More sharing options...
Mikhail Liebenstein Posted December 18, 2021 Share Posted December 18, 2021 10 hours ago, markyh said: 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. Gold is better! I'm a metal head! Quote Link to comment Share on other sites More sharing options...
Mikhail Liebenstein Posted December 18, 2021 Share Posted December 18, 2021 (edited) 8 hours ago, shlomo said: Putin expresses his alpha behavior by invading countries, BJ displays it by popping women, we are lot safer as BJ as leader BJ not exactly the Iron Maiden...but still lock up your daughters... Edited December 18, 2021 by Mikhail Liebenstein Quote Link to comment Share on other sites More sharing options...
shlomo Posted December 18, 2021 Share Posted December 18, 2021 1 hour ago, msi said: I married one, how many VeTerEnS bEfoRe ImMiGraNtS you helped? ? explain yourself before the elders of the internet, I mean HPC Quote Link to comment Share on other sites More sharing options...
Grayphil Posted December 19, 2021 Share Posted December 19, 2021 8 hours 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? Turkey is great, I visit often, I was in Istanbul last month. I could enjoy living in Kusadasi, Quote Link to comment Share on other sites More sharing options...
dpg50000 Posted December 19, 2021 Share Posted December 19, 2021 20 hours ago, markyh said: 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. Ah, those magic phone masts and internet backbone routers that don't require power? Quote Link to comment Share on other sites More sharing options...
IMHAL Posted December 19, 2021 Share Posted December 19, 2021 16 minutes ago, dpg50000 said: Ah, those magic phone masts and internet backbone routers that don't require power? LMAO Quote Link to comment Share on other sites More sharing options...
bodgittandscarper Posted December 19, 2021 Share Posted December 19, 2021 1 hour ago, dpg50000 said: Ah, those magic phone masts and internet backbone routers that don't require power? Silver coins! Easily divisible, easily obtainable (currently) and many would say currently undervalued. Quote Link to comment Share on other sites More sharing options...
kzb Posted December 19, 2021 Share Posted December 19, 2021 On 18/12/2021 at 11:42, markyh said: 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. The mobile phone antennae have about 1 hour of backup. Anyhow can you buy bread with bitcoin? Quote Link to comment Share on other sites More sharing options...
coypondboy Posted December 19, 2021 Share Posted December 19, 2021 The economic experiemnt seems to be going txxt's up interesting to see some of the comments of uk expats living out there I have considered this as a winter bolthole renting for 6 mths to see if I like it before buying but will have to see if the economy continues to implode scary stuff if millions forced to move to Europe to find work and many will head to Germany and UK. Next week will be interesting to see how the Lira fairs, imagineif this happened to the pound in a few years time? Quote Link to comment Share on other sites More sharing options...
debtlessmanc Posted December 20, 2021 Share Posted December 20, 2021 On 18/12/2021 at 22:22, Mikhail Liebenstein said: Gold is better! I'm a metal head! Seems many turks feel the same, article mentions crypto too https://www.theguardian.com/world/2021/dec/19/theres-jobs-but-no-money-turkeys-economic-crisis-begins-to-bite Quote Link to comment Share on other sites More sharing options...
debtlessmanc Posted December 20, 2021 Share Posted December 20, 2021 On 18/12/2021 at 22:15, Confusion of VIs said: They are already refugees, what happens if Turkey says we cannot afford to support 4m refugees and passes them on to Europe. An interesting article with nice graphics showing the huge efforts the EU is now going to to keep refugees out https://www.telegraph.co.uk/global-health/fortress-europe-borders-wall-fence-controls-eu-countries-migrants-crisis/ Quote Link to comment Share on other sites More sharing options...
Mikhail Liebenstein Posted December 20, 2021 Share Posted December 20, 2021 19 hours ago, kzb said: The mobile phone antennae have about 1 hour of backup. Anyhow can you buy bread with bitcoin? The bread would be stale by the time the transaction cleared. Quote Link to comment Share on other sites More sharing options...
fellow Posted December 20, 2021 Share Posted December 20, 2021 On 17/12/2021 at 17:37, reddog said: Surely a currency crash is good for the stock market? Why? It's devastating for the economy. Quote Link to comment Share on other sites More sharing options...
reddog Posted December 20, 2021 Share Posted December 20, 2021 10 minutes ago, fellow said: Why? It's devastating for the economy. True, but I guess real assets hold their value. I guess this does not hold when you get total collapse. Quote Link to comment Share on other sites More sharing options...
kzb Posted December 20, 2021 Share Posted December 20, 2021 7 hours ago, Mikhail Liebenstein said: The bread would be stale by the time the transaction cleared. Sounds like there would be no internet by the time it cleared either, so the shopkeeper wouldn't know if it had cleared or not. So I bet you wouldn't get your bread. That report on what happened in the Lancaster power outage was very instructive. No shop sales, no fuel, no trains, no news on what was happening, no phone, no internet, no traffic lights. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted December 20, 2021 Share Posted December 20, 2021 5 minutes ago, kzb said: Sounds like there would be no internet by the time it cleared either, so the shopkeeper wouldn't know if it had cleared or not. So I bet you wouldn't get your bread. That report on what happened in the Lancaster power outage was very instructive. No shop sales, no fuel, no trains, no news on what was happening, no phone, no internet, no traffic lights. So you couldn`t walk into a shop with a tenner and buy something? Quote Link to comment Share on other sites More sharing options...
Mikhail Liebenstein Posted December 20, 2021 Share Posted December 20, 2021 6 minutes ago, kzb said: Sounds like there would be no internet by the time it cleared either, so the shopkeeper wouldn't know if it had cleared or not. So I bet you wouldn't get your bread. That report on what happened in the Lancaster power outage was very instructive. No shop sales, no fuel, no trains, no news on what was happening, no phone, no internet, no traffic lights. Gold and silver are key then. I think I need some smaller coins though, I think my smallest denomination is now about £400. Quote Link to comment Share on other sites More sharing options...
kzb Posted December 20, 2021 Share Posted December 20, 2021 14 minutes ago, dances with sheeple said: So you couldn`t walk into a shop with a tenner and buy something? The tills stopped working. Last year in Asda one day all the tills went down. You couldn't pay with cash. I left my trolley and walked out. Quote Link to comment Share on other sites More sharing options...
kzb Posted December 20, 2021 Share Posted December 20, 2021 14 minutes ago, Mikhail Liebenstein said: Gold and silver are key then. I think I need some smaller coins though, I think my smallest denomination is now about £400. I know I said "shopkeeper", but the reality is there are few traditional corner shops left. The stock they carry is negligible when a whole town is after it. You couldn't pay with gold in Asda could you. Actually you wouldn't even be allowed in Asda due to safety and security considerations. Quote Link to comment Share on other sites More sharing options...
Mikhail Liebenstein Posted December 20, 2021 Share Posted December 20, 2021 19 minutes ago, Mikhail Liebenstein said: Gold and silver are key then. I think I need some smaller coins though, I think my smallest denomination is now about £400. 2 minutes ago, kzb said: I know I said "shopkeeper", but the reality is there are few traditional corner shops left. The stock they carry is negligible when a whole town is after it. You couldn't pay with gold in Asda could you. Actually you wouldn't even be allowed in Asda due to safety and security considerations. Coke and Hookers only then!!! Quote Link to comment Share on other sites More sharing options...
kzb Posted December 20, 2021 Share Posted December 20, 2021 37 minutes ago, Mikhail Liebenstein said: Coke and Hookers only then!!! Might be a bit cold for the hookers. Quote Link to comment Share on other sites More sharing options...
captainb Posted December 20, 2021 Share Posted December 20, 2021 (edited) 5 hours ago, fellow said: Why? It's devastating for the economy. If a currency collapses then assets priced in that currency rise - shares, houses, goats etc. The absolute worst place to be is in cash. Of course the best way if you actually know it will happen is to purchase something priced in USD before it happens. Then you convert back and purchase collapsed currency priced assets later on. Easier said than done of course. Edited December 20, 2021 by captainb Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted December 20, 2021 Share Posted December 20, 2021 1 hour ago, kzb said: The tills stopped working. Last year in Asda one day all the tills went down. You couldn't pay with cash. I left my trolley and walked out. I see, the tin under the counter shops would still sell to you though? Quote Link to comment Share on other sites More sharing options...
kzb Posted December 20, 2021 Share Posted December 20, 2021 3 hours ago, dances with sheeple said: I see, the tin under the counter shops would still sell to you though? I don't know. I'm assuming, and I think so is ML, that an independent shop would be able to operate by candlelight, selling for cash. I might be wrong, there could be security and safety concerns which negate their insurance. Quote Link to comment Share on other sites More sharing options...
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