Please subscribe to my channel and leave your comments below: ☑ Twitter - https://twitter.com/dlacalle_IA ☑ Website - https://www.dlacalle.com/en ☑ My books at Amazon - https://www.amazon.com/Daniel-Lacalle/e/B00P2I78OG Kind regards! |
Tags:
Please subscribe to my channel and leave your comments below: ☑ Twitter - https://twitter.com/dlacalle_IA ☑ Website - https://www.dlacalle.com/en ☑ My books at Amazon - https://www.amazon.com/Daniel-Lacalle/e/B00P2I78OG Kind regards! |
Permanent link to this article: https://snbchf.com/video/lacalle-turkish-lira-collapse-solved-whos-next/
32 comments
Skip to comment form ↓
Israel de Lamo
2020-08-07 at 08:26 (UTC 2) Link to this comment
But, but, but Hagia Sophia is now a mosque. Does not this solve all the problems arround Turkey?
Israel de Lamo
2020-08-07 at 15:06 (UTC 2) Link to this comment
@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.
cool gamer
2020-08-07 at 15:32 (UTC 2) Link to this comment
@Song han Han yeah OK. Listen song Han when you go to the bathroom take some of your money to wipe your ass?????????
Özkaangööllü
2020-08-17 at 23:34 (UTC 2) Link to this comment
But your comment is also making enemies too i can not trust you
The Muffin Man
2020-08-07 at 12:01 (UTC 2) Link to this comment
Turkish toilet paper
tiboug paille
2020-08-07 at 16:18 (UTC 2) Link to this comment
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 …
Peoplewin Priestson
2020-08-07 at 18:43 (UTC 2) Link to this comment
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.
El Mutilator
2020-08-08 at 01:11 (UTC 2) Link to this comment
Gold is a shiny metal and that's it.
Muneeb Iqbal
2020-08-08 at 05:52 (UTC 2) Link to this comment
@El Mutilator worth 2k an ounce.
Ahmed Khater
2020-08-14 at 12:48 (UTC 2) Link to this comment
Who needs gold !!
Tay Tay
2020-08-17 at 00:07 (UTC 2) Link to this comment
@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
hag12100
2020-08-07 at 18:19 (UTC 2) Link to this comment
The lira, Argentine peso, and other third world currencies are going to lose value as other major economies stay stagnant.
Tiny Boy
2020-08-17 at 16:00 (UTC 2) Link to this comment
India is also a 3rd world country but it's rupee is stable at 74 from past 6 months why
Peoplewin Priestson
2020-08-07 at 18:40 (UTC 2) Link to this comment
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
blackwide blackwide
2020-08-10 at 11:36 (UTC 2) Link to this comment
Gold is the money
Kimberly Nope
2020-08-10 at 13:48 (UTC 2) Link to this comment
Who can Turkey ask for help now that they've made so many enemies smh
Uygar Ramos Oztas
2020-08-19 at 11:33 (UTC 2) Link to this comment
Greece
gerard domingo
2020-08-19 at 20:15 (UTC 2) Link to this comment
North Cyprus
ORTHODOXY OR DEATH
2020-08-27 at 19:14 (UTC 2) Link to this comment
@Uygar Ramos Oztas lol
GLOBAL WISPA
2020-08-14 at 17:59 (UTC 2) Link to this comment
SILENCE FOR ARDOGUN OTTOMAN DREAM'S !!!
Jawbreaker ,boom boom
2020-08-14 at 23:27 (UTC 2) Link to this comment
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 .
Jawbreaker ,boom boom
2020-08-14 at 23:34 (UTC 2) Link to this comment
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
Alfonso Delagarza
2020-08-16 at 10:39 (UTC 2) Link to this comment
At this point, it seems like every Central Bank is in "hold my beer" mode.
currofbm currofbm
2020-08-16 at 21:16 (UTC 2) Link to this comment
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?
FoyshaCollection
2020-08-17 at 04:03 (UTC 2) Link to this comment
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.
Daniel Lacalle
2020-08-17 at 07:59 (UTC 2) Link to this comment
Dear friend. Turkey money supply growth is seven times larger than the Fed's and with diminishing demand for Lira. Thanks for the comment
Özkaangööllü
2020-08-17 at 23:47 (UTC 2) Link to this comment
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
Özkaangööllü
2020-08-18 at 00:12 (UTC 2) Link to this comment
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 ?
ali fatih görür
2020-08-19 at 08:27 (UTC 2) Link to this comment
Turkish subtitles please
dungeon35
2020-08-19 at 19:33 (UTC 2) Link to this comment
There is no hope for turkish economy, it will be like venezuealla and argentına, no escape from them
M S
2020-08-22 at 20:55 (UTC 2) Link to this comment
Sounds like the US soon…. hold gold before the shit hits the fan…. it will
Tim Katselas
2020-08-26 at 21:22 (UTC 2) Link to this comment
President Ergon has distorted Turky and sent them bankrupt