All posts in " Turkey "

Brunson – the Alleged Pastor

August 20, 2018

    The Turkish court has rejected the appeal to release Andrew Brunson, who is the alleged US pastor at the center of a dispute between Ankara and Washington. While he has been there for 23 years, his new Church of the Resurrection has existed for less than a year and it had only 25 members. From […]

Erdogan Has His Boys Out Burning only $1 Bills for Propaganda

August 19, 2018

  Erdogan has his boys dressed in suits burning only a handful of US ONE DOLLAR bills as a nice propaganda piece. In truth, the Turkish people have been hoarding Dollars and Euros because they have lost all faith in their own currency. It is nice that Erdogan has a few people burning less than $100 for […]

Turkey & the Erdogan Who Puts Himself Before His People

August 18, 2018

Erdogan refuses to release the American “Pastor Brunson” and instead he is turning to everyone else offering now to open direct investment in Turkey. This is not simply about Brunson. Erdogan has refused to comply with the USA measures against Iran and has stated it will continue to import Iranian oil. Erdogan has NEVER been […]

The Turkey Crisis Cannot Be Resolved without Regime Change

August 17, 2018

The key to understanding Turkey is really simple – Erdogan has lost the confidence of his people and the world. The free-fall in the Turkish lira should be no surprise. After years of rampant dollar borrowing, running large current account deficits due to having to import military hardware combined with the lack of domestic oil production, throw in an […]

The Crisis is Turkey

August 16, 2018

President Recep Tayyip Erdogan of Turkey is finding his dreams of an all-powerful resurrection of the Ottoman Empire are falling apart. Qatar has come to the aid of Turkey offering $15 billion in a loan, but keep in mind that the entire issue with Syria began with Qatar proposing a pipeline through Syria to compete with natural […]

Qatar to help Turkey by $15 Billion Loan

August 15, 2018

There has been a lot of lobbying behind the curtain going on asking Qatar to change its position and help Turkey for the IMF would not be able to come to the rescue. Sources are saying that Qatar will help Turkey to the tune of $15 billion for now. Those lobbying have included the United […]

Turkey & Foolish European Banks

August 13, 2018

Erdogan is shifting to Russia already. He will abandon the West all to retain power. Turkey was the critical lynch-pin for emerging markets. Many foolish banks ran to buy Turkey’s debt because they could earn 20% interest. The currency has fallen 25% in two days. We are looking at European banks taking major losses on […]

Turkey & The Only Solution is to Overthrow Erdogan

August 10, 2018

The Turkish President Recep Tayyip Erdogan’s economic policy is a disaster. This is reflected by his plea for Turkish citizens to search under their mattress for foreign banknotes and gold to convert into domestic currency. It has been his economic policies and dictatorship that is driving Turkey into an economic collapse. Of course, the only […]

Turkey the Poster Child of Emerging Market Crisis

July 16, 2018

During the 1980s, I was called in to create a hedge for a bank against the Turkish lira which nobody made a market on. I had to create a synthetic hedge for the currency was moving into what became hyperinflation.  The Turkish lira has begun to fall ever since Recep Tayyip Erdoğan became the 12th president of […]

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