The final dissolution of the Ottoman Empire took place with the formal abolition of the Ottoman Sultanate. The Grand National Assembly of Turkey performed this on November 1st, 1922. Today is the 101st anniversary of the end of the Ottoman Empire. Many have written about Erdogan’s speech saying Israel is engaging in war crime, but […]
PRIVATE BLOG – The Chaos of the Middle East Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. https://ask-socrates.com/
QUESTION: Mr. Armstrong; I’m not sure if you remember me. I was with the Islamic bank that our board ordered we were to open a branch in Turkey and we turned to you to create a hedge since the Turkish lira was not a tradable market. You saved the bank a fortune and I think […]
QUESTION: Mr. Armstrong, JP Morgan seems to be cutting a deal with Zelensky to create an infrastructure fund to rebuild Ukraine. How can they create such a fund when the war is ongoing? Something does not seem right. Is this another scam like FTX? WL ANSWER: Stay away from this fund. Do NOT invest […]
QUESTION: Mr. Armstrong; could you explain this whole Customs Union issue in BREXIT? Some see it as a great idea, others say it is surrendering sovereignty to Brussels. SN ANSWER: A customs union, some claim, would help businesses that send goods back and forth to the European Union. So it would be of interest to […]
The Treasury and Finance Ministry of Turkey announced that the country’s net external debt stock totaled $286.2 billion going into the end of the 3rd quarter of 2018. The country’s net external debt stock to its gross domestic product (GDP) ratio was 34.4% at the end of the third quarter of 2018. However, Turkey’s gross external […]
Turkish President Recep Tayyip Erdogan and his Justice and Development Party (AKP) have demanded recounts in 39 districts that they lost and have prevailed on eight. There has been great concern that Erdogan’s AKP will not accept defeat at the hand of any vote. Many fear there is an undercurrent of tyranny rising behind the […]
Turkish President Recep Tayyip Erdogan and his Justice and Development Party (AKP) have won every vote since the party first came to power in 2002, but this time, the party had risked losing Ankara and faced a tough fight in Istanbul. Erdogan’s AKP appeared destined for defeat in the capital Ankara and faced a dead heat […]
PRIVATE BLOG: Emerging Market Chaos Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. https://ask-socrates.com/
Just when you thought President Recep Tayyip Erdogan was really off the reservation, he suddenly appears off the planet. Erdogan has appointed HIMSELF as chairman of Turkey’s Sovereign Wealth Fund and got rid of the entire management staff. It looks like Erdogan now thinks he can force the free market to do as he commands if he […]
