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Erdogan is just waiting for the 10 lira to 1 dollar, so he can slash one zero, and get 1 lira for 1 dollar..and it is not a joke, Turkey did it before slashing many zeros off the Turkish lira..
it's because Turkey need tons of dollar to pay her foreign debt, so if The FED raise interest rate ( they will ) investor will pull their dollar out from turkey, then Turkey Central Bank need to raise interest rate to keep dollar in the country.
turkey high exports? are you kidding me? do you see the import chart?
Erdogan need to raise interest rate or the central bank will facing crisis and BANG! financial crisis!
So it's the FED fault in your eye not Erdogan
Do you know China's and US debt numbers? look them up and who said turkey will pay all its foreign at once and all even with a 1dollar = 1 lira reality that's BS and not gonna happen
However still All IMF loans were paid
Another debt is due in November to be paid ( forgot the details or to who the debt is but check the treasury of turkey)
So yeah turkey is already paying its debts
Specify the foreign debt as state debt or private debt ( also there is other details like kind of credit / financing / times but that's too much work right ?)
The fed has been raising the interest rates 4 and more times a year so did you just admit your lira is crumpling because of foreign powers and not Erdogan??
About the exports check the last stats
And the imports thing please compare turkey's imports since the start of 2000 not only dramatic increase which means growth but also means the government is well having money to buy lol )
Bahahaha but seriously more exports is more dollars in so I still have the same question
Where is the dying economy and where is erdogan's fault ??
So it's the FED fault in your eye not Erdogan
Do you know China's and US debt numbers? look them up and who said turkey will pay all its foreign at once and all even with a 1dollar = 1 lira reality that's BS and not gonna happen
However still All IMF loans were paid
Another debt is due in November to be paid ( forgot the details or to who the debt is but check the treasury of turkey)
So yeah turkey is already paying its debts
Specify the foreign debt as state debt or private debt ( also there is other details like kind of credit / financing / times but that's too much work right ?)
The fed has been raising the interest rates 4 and more times a year so did you just admit your lira is crumpling because of foreign powers and not Erdogan??
About the exports check the last stats
And the imports thing please compare turkey's imports since the start of 2000 not only dramatic increase which means growth but also means the government is well having money to buy lol )
Bahahaha but seriously more exports is more dollars in so I still have the same question
Where is the dying economy and where is erdogan's fault ??
It's very clear Turkey,Iran and Pakistan are on the U.S hit list. The U.S is a bloodthirsty vampire built on slavery and genocide that has been at war for most of it's history- Iran been "woke" against american imperialism and fiercely assertive and independent for a while now and both Turkey and Pakistan are breaking free of U.S influence .
The only big arab countries like Saudi and Egypt are useless and only enjoy bending over for Trump's America-
I have long said we all 3 have mutual interests should band together to form some sort of 3 Nation NATO(maybe even possibly 4 with Qatar allied with us- their money sure would help) to ensure a stronger chance for our survival and together will have the strength to put the U.S/Zionist/Arab axis bullies in check.
turkey high exports? are you kidding me? do you see the import chart?
Erdogan need to raise interest rate or the central bank will facing crisis and BANG! financial crisis!
Actually its not a joke...Search Turkey 2001 crisis..If i am not wrong in 2001-2 it took around 1 Million lira to buy 1 Dollar....
nice joke, a good one..
Im not talking about the Financial crisis in 2001.. im talking about Erdogan plan to slash one zero.. hahahha its just funnyActually its not a joke...Search Turkey 2001 crisis..If i am not wrong in 2001-2 it took around 1 Million lira to buy 1 Dollar....
Turkey has nothing to offer anyone. It has deficit of about $50 billion and no major infrastructure for manufacturing or high technology goods. Turkey is highly reliant on foreign money from Qatar and other places for keeping its economy in place.
Yes, Turkey has good urban infrastructure and is somewhat middle income category. But, it does not have good manufacturing rules. Manufacturing is limited and is cut down due to govt policy of the past. Turkish earlier govt were under USA control and they kept policies to ensure Turkey does not get manufacturing or useful parts of economy.Turkey has excellent infrastructure and urban development rules; there are hardly any red tapes that anyone has to face to start and set up businesses. Simply put, Turkey can easily have multiple Singapores and Dubais within its country and still have an inflow of foreign investments from Asian and other countries.
It is otherway around. Turkey has lesser training and tactics than Pakistan. Turkish military is also having serious number of moles and CIA agentsTurkey has a very powerful military structure and a very credible one; Turkish troops are not like the troops of the sheikhdoms their south. They have an excellent training infrastructure and are aware of some of the latest combat tactics.
Turks may be well educated and modern but that is due to USA forcing secularism on them. Deep within, their true nature lies.Turks are well educated and have a very modern outlook, contrary to what one might see from their current president. In fact, the common Turk is sensible and very very rational; sometimes more than quite a few so-called open-minded Europeans.
Turkey has industrial base but only for manufacturing chemicals,electrical goods, agricultural goods, assembly of electronics and technology non-intensive goods. Turkey has lost its goodwill with Saudi Arabia with Erdogan challenging Saudi prince that Saudi is not the leader of IslamTurkey has tremendous influence in the islamic world. Despite being a secular civil state, the country has excellent historical goodwill with both Iran and Saudi Arabia and is the largest manufacturing and industrialised base in the Muslim world.
Turkey's indigenisation drive in defence has been fast but they haven't been fully successful. They have used substandard products to show-off. Indian defence uses high quality goods that tend to work very well under extreme circumstances. Turkey, for example, made BVRAAM with IR seekers whereas the latest is RF seekers. IR seekers is 1970-1980 technology and is deflected by flares. The HURJET reminds me of MARUT plane of 1960s. They have been trying hard but they haven't yet succeeded in defence. Most important defence items needed but not available in Turkey:Turkish defence industry is among the fastest emerging sectors in the country, with large export orders under its belt that too, for a beginner. Their indigenisation drive is far more successful than our own country's including preference for their domestic tanks, projects for their indigenous jointly built fighter jet as well as an array of UAV and autonomous weapon systems that are either in development or in testing phases. Once Hurjet is developed, they really won't need F-16s and even F-35s (if the current trend continues).
Turks were ruled by USA via repeated coups. Where was their identity till then?Most importantly, Turks have an excellent and clearly defined national identity which makes them very clear on pursuing what their nation exactly wants. They are not dependent on religion or goodwill of others.
Yes, Turkey has good urban infrastructure and is somewhat middle income category. But, it does not have good manufacturing rules. Manufacturing is limited and is cut down due to govt policy of the past. Turkish earlier govt were under USA control and they kept policies to ensure Turkey does not get manufacturing or useful parts of economy.
It is otherway around. Turkey has lesser training and tactics than Pakistan. Turkish military is also having serious number of moles and CIA agents
Turks may be well educated and modern but that is due to USA forcing secularism on them. Deep within, their true nature lies.
Turkey has industrial base but only for manufacturing chemicals,electrical goods, agricultural goods, assembly of electronics and technology non-intensive goods. Turkey has lost its goodwill with Saudi Arabia with Erdogan challenging Saudi prince that Saudi is not the leader of Islam
Turkey's indigenisation drive in defence has been fast but they haven't been fully successful. They have used substandard products to show-off. Indian defence uses high quality goods that tend to work very well under extreme circumstances. Turkey, for example, made BVRAAM with IR seekers whereas the latest is RF seekers. IR seekers is 1970-1980 technology and is deflected by flares. The HURJET reminds me of MARUT plane of 1960s. They have been trying hard but they haven't yet succeeded in defence. Most important defence items needed but not available in Turkey:
1) planes
2)tanks with engine
3)ballistic missiles
4)satellite
5)semiconductor fabrication for defence (India has SCL, upto 180nm)
6) electronics industry in defence, avionics etc
7) Submarine
Turks were ruled by USA via repeated coups. Where was their identity till then?
Yea sorry was a bit sarcastic a bit thereLol how old are you? It seems you have No idea about BASIC economy
Turkey is importing excessively by borrowing and loans to win elections and referendum. Turkey's external debt has reached about $500 billion, the same level as India's debt but with GDP one third of India.
Such kind of foolish borrowing will only result in economic crash. Luxury buying should be controlled and not encouraged as Turkey is doing recently. Current account deficit of $47 billion in 2017 itself was a huge deficit. That is about 5.5% of GDP. From where will Turkey repay even one year's borrowing like this?
Don't use adjectives but use factual information to judge. Ataturk weakened Turkey and he was a foreign puppet. Ataturk was imposed with the help of foreign arms as Turks were completely hostile to foreign powers subjugating them. Ataturk is not god. Glorifying one man as if he is some prophet is absurd. He was a glorified traitor who weakened Turkey.Turks chose US and western methods. It was by their father of nation, Mustafa Kemal Ataturk, a fine leader and an intelligent statesman. Just read about what he was and how he turned a collapsing crumbling empire into a modern, educated state.
Pakistan TTP problem came because Afghanistan went out of Pakistani control and into USA. Till 2002, Pakistan did not have much of TTP problemThey have had much success in dealing with PKK than Pakistan has had with TTP. Not discounting Pakistanis troops in any way; they are well trained and battle hardened no doubt. But Turkish forces are also very well equipped compared to Pakistan or even us for that matter (quality matters a lot).
Those tiny minority voted Erdogan to power with massive majorityMaybe what you say is relevant for the radical crowds who form a tiny minority of Turkish population. Majority Turks who have a very effective say in their politics (much more than we Indians in India's politics), are quite rational and balanced. Their Turkish identity is first before any religious identity. You will see many conservative Turks here on PDF but don't go by that.
Planes means indigenous manufactured planes, not importsA US restriction does not mean that they will not have access to European or Russian fighters as an interim measure.
Tank is an old technology. Also, engine is importedAltay MBT is being mass produced and is based off K-2 Black Panther; the most advanced tank on the planet today.
This is retarded justification. No sane country would restrict themselves willinglyThey are NPT signatory with no interest in nuclear weapons.
Satellite in 1 year? Are you out of your mind? You reek of serious bias beyond reasonThey are indigenising faster than anything we are doing. Even if they don't have one currently, it is expected by next year.
India had it long time ago. Indian semiconductor industry is for defence needs, not civilian. India makes all its semiconductors for defence needs in India itself. Turkey has not even started. India started in 1980s itself. ISRO launched satellites in 1990s by using Indian chips despite embargoIndia should have had it long ago; it was the failure of the governments to keep it this delayed. Do not put the two countries on the same pedestal. Turkish economy generates $850 billion with 75 million people; we generate $2.8 trillion with 1.3 billion people. Quite a huge difference.
The electronics and avionics in Turkey are mostly assembly. That is not enoughCheck their development by Roketsan, ASELSAN, MKEK etc. Pretty good start I'd say.
Nuclear submarines are good enough for India. USA, UK, France don't use any conventional submarines. India has indigenised 50% of conventional submarines and rest will be indigenised in next 3-4 years. But nuclear submarines is what used by most of western powers and that is good enoughDespite being the fourth most powerful military on the planet, we still cannot make a conventional submarine without foreign help. Turks will get there.
My point is, Turkey punches very well above its weight despite its dependencies. That is commendable and the rate at which they are going, they will cover their shortcomings quickly. BTW they have their own light armoured vehicles while we are still importing from Russia.
They are at least trying; look at what we are doing.... only making proposals and tenders which are stuck for decades.
Founding ideology itself was subservience. Ataturk was installed by west after they invaded Ottoman in the aftermath of WW1.Turkish affiliation to the West comes from their founding ideology and not from a sense of subservience.
Please know the difference.