Turkey Crisis Escalates and Will Encounter HYPERINFLATION! Banks Have Fallen 70%!

in #money6 years ago


This issue continues to get worse. There’s no way out of this at this point. As the central bank intervenes, it’s only making matters worse, as it always does. Every currency must return to their intrinsic value. Some are doing so rapidly, other take much longer. Anyone holding onto real assets in Turkey right now is fairing far better than those holding onto their depreciating currency.

2018-08-12_12-03-22_0.jpg (890×471)

Turkey promises plan to calm markets in bid to halt lira’s fall | Financial Times
https://www.ft.com/content/86533b0a-9e44-11e8-85da-eeb7a9ce36e4
2018-08-12_12-25-30.jpg (890×473)

TCMB - Press Release on Financial Markets (2018-31)
http://www.tcmb.gov.tr/wps/wcm/connect/en/tcmb+en/main+menu/announcements/press+releases/2018/ano2018-31
turkey foreign bank exposure.jpg (617×452)

tuekish banks YTD.jpg (890×459)

Turkey jpm 3.jpg (605×441)

turkey greece cds.jpg (890×453)


▶️ DTube
▶️ IPFS
Sort:  

Thanks David. How about an update video on current Canadian bank derivatives exposure to refresh everyone how healthy the banks are?

The Turks had a period of hyperinflation during the 90's , the £/TL went from 1/1500 to 1 / 2.5000000 TL before they decided to reset it to the TRY by knocking all the noughts off. The saving grace for the turkish people is that they have a strong precious metal tradition, they love gold and silver

Looks like Iran France & Spain get most hurt

maybe Turkey is the first domino to fall !!!

Turkey 🇹🇷 might be the catalyst for WW3⁉️

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 70733.96
ETH 3563.16
USDT 1.00
SBD 4.76