You have commented 339 times on Rantburg.

Your Name
Your e-mail (optional)
Website (optional)
My Original Nic        Pic-a-Nic        Sorry. Comments have been closed on this article.
Bold Italic Underline Strike Bullet Blockquote Small Big Link Squish Foto Photo
Submit your comments on this article
The Grand Turk
Erdogan asks Turks to prop up lira amid currency volatility
2018-05-27
[Al Jazeera] At the end of a volatile week for the embattled Ottoman Turkish lira, President Sultan Recep Tayyip Erdogan the First
... Turkey's version of Mohammed Morsi but they voted him back in so they deserve him. It's a sin, a shame, and a felony to insult the president of Turkey...
 has called on Turks to convert to convert foreign currency savings into the country's currency.

The lira, which has fallen about 20 percent this year, hit a low of 4.93 against the US dollar on Wednesday, before The Sick Man of Europe Turkey
...just another cheapjack Moslem dictatorship, brought to you by the Moslem Brüderbund....
's central bank raised its top interest rate by three percentage points to 16.5 percent in an attempt to help stabilise the currency.

The emergency rate hike, which helped reduce some of the losses, was followed up by the central bank also saying on Friday that it would allow some foreign currency debt to be repaid at fixed lira rates.

Speaking to supporters in the eastern city of Erzurum on Saturday, about one month before Turkey heads to the polls, Erdogan said: "My brothers who have dollars or euros under their pillow. Go and convert your money into lira. We will thwart this game together."

Ankara has repeatedly said the lira's fall was a "conspiracy" by unnamed foreign powers to weaken Turkey.

"If the financial sector plays such games to work against our investors and entrepreneurs, know that you will pay a steep price," Erdogan said on Saturday.
Posted by:Fred

#5  or sort of like the US?

Not even close, Procopius2k. America has a national highway system, Adolf Hitler established the autobahn system. That does not mean that a national highway system is a mark of fascism. The key to fascism is that it is totalitarian. All, both high and low, feel the weight of the state on their necks, the scrutiny of their every move; under President Obama and the social justice warriors they did and do try to tend more in that direction than it used to, but on the other hand, there are now more outlets for free thought, free association, and free enterprise than there were a generation or two ago. Remember when the New York Times defined both what was reported and how? When books only came from the traditionally Progressive publishing houses? But now we have the entire range of political opinion and news available on the internet, and the following actually haooened:

A SHOCKING CALL FOR DIVERSITY AT HARVARD

[PowerLine] Shocking because it comes from the editors of the Harvard Crimson, and because the diversity they call for is ideological. The context is the release of a report by Harvard’s Presidential Task Force on Inclusion and Belonging. The report, predictably, was all about race and gender. The Crimson’s editors write:

[M]uch more work is needed in expanding the conversation and prioritizing ideological diversity on campus. Startlingly, just around 1.5 percent of respondents to The Crimson news staff’s survey of the Faculty of Arts and Sciences identify as conservative or very conservative, compared to 83.2 percent who identify as liberal or very liberal.

These statistics do not reflect America: 35 percent of Americans identify as conservative, 23 times the fraction of the faculty survey’s respondents, and 26 percent identify as liberal. This stark divide has harmful effects on the University’s ability to train our nation’s leaders, and it risks alienating current and potential conservative students. It has also likely contributed to the declining trust of Americans in higher education, which has deleterious effects.
Posted by: trailing wife   2018-05-27 21:04  

#4  Kelo is bad, the Asset Forfeiture laws that turn the law enforcement people into bandits with badges is far, far worse.
Posted by: magpie   2018-05-27 15:27  

#3  ...or sort of like the US? (See - Kelo and your property tax bill, try not paying it and see if it is your property)
Posted by: Procopius2k   2018-05-27 13:39  

#2  'Down with the Gulenist hoarders and wreckers, comrades!" Erdogan is following the Fascist model: you don't have to nationalize 'the means of production' if you can control it. Let the peasants believe that they have private property rights.
Posted by: magpie   2018-05-27 12:18  

#1  Next up? Confiscation of foreign currency.
"Dollars are Gulenist"
Posted by: Frank G   2018-05-27 08:27  

00:00