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Turkish Lira Collapse Can Be Solved? – WHO’S NEXT?

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Daniel Lacalle
Daniel Lacalle has a PhD in Economics and is author of Escape from the Central Bank Trap, Life in the Financial Markets, and The Energy World Is Flat.
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32 comments

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  1. Israel de Lamo

    But, but, but Hagia Sophia is now a mosque. Does not this solve all the problems arround Turkey?

    1. Israel de Lamo

      @Song han Han I feel you, my friend. The spanish goverment priority number one was to get rid of a corpse, burried long time ago. Now we are the worst in the world. Priorities.

    2. cool gamer

      @Song han Han yeah OK. Listen song Han when you go to the bathroom take some of your money to wipe your ass?????????

    3. Özkaangööllü

      But your comment is also making enemies too i can not trust you

  2. The Muffin Man

    Turkish toilet paper

  3. tiboug paille

    erdogan since many has accumulate tons and tons of gold like china and russia so when the time will come i mean the reset we will see who is naked ? The west has no gold or not enough compare to their massive debt , so instead of checking what emerging countries are doing why not sorted the problems facing the people in the west futur forced vaccination mask immigration , debt etc …

    1. Peoplewin Priestson

      If you go bankrupt (because thats were your country is heading very soon….even greece was in a better position than you now) you will be forced to use the gold you have to sustain your economy… Don't be so optimistic my brother.

    2. El Mutilator

      Gold is a shiny metal and that's it.

    3. Muneeb Iqbal

      @El Mutilator worth 2k an ounce.

    4. Ahmed Khater

      Who needs gold !!

    5. Tay Tay

      @Peoplewin Priestson I don't think you quiet get it, Turkey has TONS, and i mean TONS of gold right now, they can get their economy fixed if they wanted to, Greece on the other hand is fucked

  4. hag12100

    The lira, Argentine peso, and other third world currencies are going to lose value as other major economies stay stagnant.

    1. Tiny Boy

      India is also a 3rd world country but it's rupee is stable at 74 from past 6 months why

  5. Peoplewin Priestson

    I love how Turkish accounts on social media were making fun of my country (Greece) because we had an economic crisis (although we had 2times the GDP per capita of Turkey…..now turkey is facing a much worse economic crisis than we did back in 2011
    Karma is a bitch ain't it?

    Although we are enemies i hope your Sultan doesn't destroy your country completely because of his stupid actions

  6. blackwide blackwide

    Gold is the money

  7. Kimberly Nope

    Who can Turkey ask for help now that they've made so many enemies smh

    1. Uygar Ramos Oztas

      Greece

    2. gerard domingo

      North Cyprus

    3. ORTHODOXY OR DEATH

      @Uygar Ramos Oztas lol

  8. GLOBAL WISPA

    SILENCE FOR ARDOGUN OTTOMAN DREAM'S !!!

  9. Jawbreaker ,boom boom

    Just compare the date and time of the fall lira to the date that the museum was converted to a mosque.
    This is how the west ottoman slaps the bad boys.
    Buy gold buy gold gold gold .

    1. Jawbreaker ,boom boom

      This is what 99% of the people don’t know.
      They say $1= 7.37 liras now.
      It is not.
      It is $1= 7,370,000 liras.
      In 1979 10 liras was a dollar, in 2005 it was
      $1= 1,300,000 liras and Erdogan removed 6 zeros from it and it became 1.3, but this is in millions.
      7.37 of today is in millions.
      In 1970 7 million liras would buy you three homes and three Mercedes in Beverly Hills, today it only buys you one ice cream ?, just ☝️.
      And that my friend, is Erdogan’s ottoman.
      Enjoy it .

      The following are based on yearly averages:
      • 1960s – 1 U.S. dollar = 9 Turkish lira
      • 1970 – 1 U.S. dollar = 11.3 Turkish lira
      • 1975 – 1 U.S. dollar = 14.4 Turkish lira
      • 1980 – 1 U.S. dollar = 80 Turkish lira
      • 1985 – 1 U.S. dollar = 500 Turkish lira
      • 1990 – 1 U.S. dollar = 2,500 Turkish lira
      • 1995 – 1 U.S. dollar = 43,000 Turkish lira
      • 2000 – 1 U.S. dollar = 620,000 Turkish lira
      • 2001 – 1 U.S. dollar = 1 Turkish lira
      • 2005 – 1 U.S. dollar = 1,350,000 Turkish lira[7][8]
      The Guinness Book of Records ranked the Turkish lira as the world's least valuable currency in 1995 and 1996, and again from 1999 to 2004. The Turkish lira had slid in value so far that one original gold lira coin could be sold for 154,400,000 Turkish lira before the 2005 revaluation

  10. Alfonso Delagarza

    At this point, it seems like every Central Bank is in "hold my beer" mode.

  11. currofbm currofbm

    And Spain? And what should, and could spanish regions do, with a central government that most of the time goes against any sensible, savy, Liberal policy?
    What's your advice for regional governments?

  12. FoyshaCollection

    Central Banks increasing money supply..! Well that's happening all over the world right now. What's Turkey being singled out for? Even the US is printing trillions of dollars for govt spending, stimulus cheques, propping up Apple / Tesla share prices etc.

    I think the World will see a currency crisis relatively soon.

    1. Daniel Lacalle

      Dear friend. Turkey money supply growth is seven times larger than the Fed's and with diminishing demand for Lira. Thanks for the comment

  13. Özkaangööllü

    But there is a interesting thing
    Turkish Gold reserve in 2019 415 Tons But in 2020 turkish Gold reserve is 563 Tons İts seems like somebody saw this Crisis before it happens and saved Gold today
    they dont try to prevent currency increasing because if it increases
    Some global players goes out of Turkey at the end because they dont earn money from Turkey at the end
    Turkey can make suprising moves

  14. Özkaangööllü

    583 Tons of Gold means Turkey has nearly 40 billion dolars in backpack
    And in every Crisis Gold price increases when Gold per gram inreases three times of its value
    Turkey become rich suddenly you dont realise what happened and why do you think Germany reserved 2000 Tons Gold ? Just for fun ?

  15. ali fatih görür

    Turkish subtitles please

  16. dungeon35

    There is no hope for turkish economy, it will be like venezuealla and argentına, no escape from them

  17. M S

    Sounds like the US soon…. hold gold before the shit hits the fan…. it will

  18. Tim Katselas

    President Ergon has distorted Turky and sent them bankrupt

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