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The Grand Turk
Erdogan says lira crash 'political plot' against Turkey
2018-08-13
[DAWN] 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...
 on Sunday said the crash of the Ottoman Turkish lira, sparked by a bitter dispute with the United States, was a "political plot" against The Sick Man of Europe Turkey
...the only place on the face of the earth that misses the Ottoman Empire....
 and warned Ankara would now seek new markets and partners.

The dispute between the two NATO
...the North Atlantic Treaty Organization. A cautionary tale of cost-benefit analysis....
 allies ‐ which reached new intensity over the detention of an American pastor in Turkey ‐ has hammered the lira and also raised questions over the future partnership between Washington and Ankara.

The already embattled Ottoman Turkish lira tumbled some 16 per cent to new record lows against the dollar on Friday as US President Donald Trump
...New York real estate developer, described by Dems as illiterate, racist, misogynistic, and what ever other unpleasant descriptions they can think of, elected by the rest of us as 45th President of the United States...
 said he had doubled steel and aluminium tariffs on Turkey.

All eyes will be on the lira when foreign exchange markets reopen on Monday after the weekend pause. But Erdogan indicated he was in no mood to offer concessions to the United States, or financial markets.

"The aim of the operation is to make Turkey surrender in all areas, from finance to politics," Erdogan told ruling party members in the Black Sea city of Trabzon.

Posted by:Fred

#9  So what if it is?

What will you do? Fun terrorism, attack israel, attempt to get rid of all non-muslims in your country and jail all your political enemies? Oh wait...yer already doing that.
Posted by: Silentbrick   2018-08-13 14:17  

#8  All Hail Sultan Yipyip the Lira-less
Posted by: Ebbumble and Company5278   2018-08-13 13:18  

#7  How odd. All the funds and property confiscated from the accused “Gulenists” has not proved enough to sustain the economy for the “real Turks? Ah well —at least it was fun dragging them off to jail and taking their stuff.
Posted by: trailing wife   2018-08-13 10:52  

#6  Erdogan is learning that actions have consequences now, unlike during the Bush and Obama administrations.
Posted by: Boss Spoper5850   2018-08-13 09:50  

#5  "Math is anti-Islamic"
Posted by: Frank G   2018-08-13 08:38  

#4  The lira been falling for quite a while even before Erdogan came to power. Now Erdogan has someone to blame.
Posted by: bernardz   2018-08-13 08:38  

#3  smart currencies can post without human supervision
Posted by: lord garth   2018-08-13 05:26  

#2  Link

At the same time that currencies are plummeting the US Dollar has risen a whopping 10% as investors rush to the dollar as a safe haven.
Posted by: Lira, Euro, Other Currencies Crashing Early Monday   2018-08-13 03:52  

#1  Very early this mornïng the Turkish Lira has already dropped another astonishing 9% after catastrophic drops last week and the Euro immeďiately crashed to its lowest point in a year because of heavy EU financial institution ties to Turkey as bond holders.

Russia, China and other troubled currencies are dropping.

Catalist is Erdogan's sudden disdain for paying interest (which is actually a centrïes old Muslim policy), and Donald Trump hitting Turkey with doubling tarriffs last week after being tricked on the Paster Brunson release.

Asian stock markets are starting to ĺoose ground

A global financial crises is feared.
Posted by: Lira, Euro, Other Currencies Crashing Early Monday   2018-08-13 02:45  

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