Trump slaps Turkey with more sanctions to punish Turkey for disobedience

[Foxtrot Delta]

are you crazy? turkey doesn't have enough cushion to protect her currency and you want them to go economy war with the US????????

even GOD can't help them.

An athiest fool would be surprised what God The Almighty can do. you will see for yourself! you should wait and see what happens because i am interested in what happens next just because you brought God the Almighty into this.

 

[Vijyes Yechury]

All True
But The US deficit amounted how much?

USA relies on petrodollars to manage its debt. Other countries keep USA treasuries as reserves which makes USA debt safe. It is a political adjustment with GCC countries and petroleum suppliers in general and enforced by military (Iraq invasion for example)

ow many years has a deficit of billions existed in turkey's trade ?

WHY HAS IT NOW BECOME SUCH A BIG DEAD ECONOMY PROBLEM
Because now they can't pay it !!!!
WHY THEY CANT PAY it ??
Because Lira crumpled and ???
Ok Why lira crumpled ??

the current government rules turkey for more than 16 years you believe that each year they borrowed and imported aggressively but just now 16 years after the consequences began tho in 16 years everything in the country only grew

Turkey had slashed a few zeroes last decade in about 2003-5 and made new turkish lira. So, this turkish Lira crash is not first time.

Turkish debt is ballooning and investment fleeing from Turkey as tensions between west and Turkey is growing. Before, west used to sponsor Turkey by giving investments and soft loans into Turkey to keep its economy floating. But that has been withdrawn due to tensions. Turkey was dependent on west for money and west now took advantage. It is a common concept of usury practiced by moneylenders from ancient times to get maximum benefits by hitting when the others are down.

Lira crumpled because of foreign investment fleeing turkey. When Turkey was dependent on the west, Turkey should have behaved like a slave till it freed itself from the dependency and then acted bravely. Turkey should have known not bite the hand that feeds it

If the government was so excessive and stupid 1) why Turks kept voting for it
2) why industry , manufacturing , production , agriculture ,, healthtourism, defense , investments in Somalia and tourism are all upward

How did the government afford Turks healthcare ?? Or is that nothing

Turks vote Erdogan because of Islam.

I don't understand why investment in Somalia came into the discussion. But about the other things, these happened because west and its allies gave generous loans and investment into turkey. It is a very common way of creating slaves used by west. This is nothing new. Turkey does not make its own medicines but imports them. The manufacturing is mostly chemicals and simple technology goods. Tourism is just optics.

 

[Offshore]

An athiest fool would be surprised what God The Almighty can do. you will see for yourself! you should wait and see what happens because i am interested in what happens next just because you brought God the Almighty into this.

Sure , lets wait whether God can paid their debt or not

 

[Exxxe]

USA relies on petrodollars to manage its debt. Other countries keep USA treasuries as reserves which makes USA debt safe. It is a political adjustment with GCC countries and petroleum suppliers in general and enforced by military (Iraq invasion for example)





Turkey had slashed a few zeroes last decade in about 2003-5 and made new turkish lira. So, this turkish Lira crash is not first time.

Turkish debt is ballooning and investment fleeing from Turkey as tensions between west and Turkey is growing. Before, west used to sponsor Turkey by giving investments and soft loans into Turkey to keep its economy floating. But that has been withdrawn due to tensions. Turkey was dependent on west for money and west now took advantage. It is a common concept of usury practiced by moneylenders from ancient times to get maximum benefits by hitting when the others are down.

Lira crumpled because of foreign investment fleeing turkey. When Turkey was dependent on the west, Turkey should have behaved like a slave till it freed itself from the dependency and then acted bravely. Turkey should have known not bite the hand that feeds it


Turks vote Erdogan because of Islam.

I don't understand why investment in Somalia came into the discussion. But about the other things, these happened because west and its allies gave generous loans and investment into turkey. It is a very common way of creating slaves used by west. This is nothing new. Turkey does not make its own medicines but imports them. The manufacturing is mostly chemicals and simple technology goods. Tourism is just optics.

Yea I'm not gonna continue this discussion
If tourism is just optics
And whatever manufacturing oh it's simple
And Erdogan won because of Islam this BS
Look up what turkey manufactures and how many countries manufacture it before you judge

This simple and optics stuff are worth billions just so you know
And still none answered the question

Where is the dying economy , where is the bankruptcy??

Turkey is now facing a serious speculative attack lacking any economic basis, Adnan Bali, the CEO of private lender Isbank, said on Monday.

When we look at Turkey's inflation, budget-deficit-to-GDP ratio, or debt-to-GDP ratio, the currency issue cannot be explained through economic fundamentals

Turkey's short-term -- 1 year or less -- liabilities total $180.6 billion, including $102 billion of them in lenders' obligations, with half of those non-residents' deposits, and the debts' refinancing ratio is 110 percent, he stressed.

"Meanwhile, under the reserve option mechanism, banks have nearly $30 billion in the Central Bank, which provides $50 billion foreign exchange deposit limits for lenders," he said.

Bali added: "Turkey's banking system has realizable foreign currency liquidity of around $50 billion. It refers to an unproblematic view."

On private sector debt -- $73 billion -- he said their refinancing ratio is over 130 percent.

There is no foreign exchange deficit in the Turkish banking system, according to Bali

 

[Vijyes Yechury]

Yea I'm not gonna continue this discussion
If tourism is just optics
And whatever manufacturing oh it's simple
And Erdogan won because of Islam this BS
Look up what turkey manufactures and how many countries manufacture it before you judge

This simple and optics stuff are worth billions just so you know
And still none answered the question

Where is the dying economy , where is the bankruptcy??

Turkey is now facing a serious speculative attack lacking any economic basis, Adnan Bali, the CEO of private lender Isbank, said on Monday.

When we look at Turkey's inflation, budget-deficit-to-GDP ratio, or debt-to-GDP ratio, the currency issue cannot be explained through economic fundamentals

Turkey's short-term -- 1 year or less -- liabilities total $180.6 billion, including $102 billion of them in lenders' obligations, with half of those non-residents' deposits, and the debts' refinancing ratio is 110 percent, he stressed.

"Meanwhile, under the reserve option mechanism, banks have nearly $30 billion in the Central Bank, which provides $50 billion foreign exchange deposit limits for lenders," he said.

Bali added: "Turkey's banking system has realizable foreign currency liquidity of around $50 billion. It refers to an unproblematic view."

On private sector debt -- $73 billion -- he said their refinancing ratio is over 130 percent.

There is no foreign exchange deficit in the Turkish banking system, according to Bali

Turkey has external debt of 50% of GDP. This is a big deal. Just debt is not important as internal debt is manageable. External debt is the real problem.

I do not understand how Turkey can service 180 billion dollar debt in next 1 year. Trade deficit in first 6month of 2018 itself was $40 billion. From where will Turkey get extra money to service the debt it holds? Turkey's forex reserves are at 100 billion dollars including gold. The trade deficit is only getting wider to rely on any surplus to get forex.

Even if Turkey sells its foreign exchange reserves to settle debts, the total needs will still be difficult to handle. Turkey may survive for 1 year with as the short term debt of $180 billion involves about $60 billion of domestic foreign currency deposits which can be renewed. The remaining 120 billion dollars can be offset by reserves and some investment by Qatar or other country. But the foreign exchange reserves will fall to critical levels by doing that and next year, there will be a default. The problem with debt accumulation of Turkey has been quite serious.

Blaming it on speculation is wrong as Turkey has borrowed in unprecedented manner in just last 2 years of 2017 and 2018 which warrants a crash of LIRA

https://www.cfr.org/blog/turkey-cou...ves-and-somewhat-less-creative-banking-system

 

[cabatli_53]

Turkey has external debt of 50% of GDP. This is a big deal. Just debt is not important as internal debt is manageable. External debt is the real problem.

I do not understand how Turkey can service 180 billion dollar debt in next 1 year. Trade deficit in first 6month of 2018 itself was $40 billion. From where will Turkey get extra money to service the debt it holds? Turkey's forex reserves are at 100 billion dollars including gold. The trade deficit is only getting wider to rely on any surplus to get forex.

Even if Turkey sells its foreign exchange reserves to settle debts, the total needs will still be difficult to handle. Turkey may survive for 1 year with as the short term debt of $180 billion involves about $60 billion of domestic foreign currency deposits which can be renewed. The remaining 120 billion dollars can be offset by reserves and some investment by Qatar or other country. But the foreign exchange reserves will fall to critical levels by doing that and next year, there will be a default. The problem with debt accumulation of Turkey has been quite serious.

Blaming it on speculation is wrong as Turkey has borrowed in unprecedented manner in just last 2 years of 2017 and 2018 which warrants a crash of LIRA

https://www.cfr.org/blog/turkey-cou...ves-and-somewhat-less-creative-banking-system

According to the Treasury, the private sector’s share in the country’s gross external debt stock was 69.7 percent.

Nearly 75 percent of the total gross external debt of the country consisted of long-term debts -- with a maturity of more than one year.

 

[Vijyes Yechury]

According to the Treasury, the private sector’s share in the country’s gross external debt stock was 69.7 percent.

Nearly 75 percent of the total gross external debt of the country consisted of long-term debts -- with a maturity of more than one year.

I agree that private debt is high. But most of this private debt is related to trade deficit. Also, I think Turkey is OK for next 1 year. However, the problem will be seen sharply in next year. If turkey's imports go to 0, Turkey will suffer from serious problems. It will be impossible to sustain like that. If turkey's private players default, that is what is going to happen as no one will trust Turkey again to provide it with any more goods without first getting the payments back

 

[Tiberius]

And we still let US use our airspace to support PKK&Afghanistan missions, also let US to use our İncirlik airbase to support PKK in Syria.

Disgusting scums with no honor are ruling our country.

This would not change your economic problems. The currency collapses.

 

[Vijyes Yechury]

And we still let US use our airspace to support PKK&Afghanistan missions, also let US to use our İncirlik airbase to support PKK in Syria.

Disgusting scums with no honor are ruling our country.

USA pays Turkey to do that. Also, Turkey is not willing to withdraw from NATO. You can't blame USA for this.

In the past too, Turkey made huge money by selling oil from ISIS and shot down Russian plane when Russia bombed the tankers and logistics. Erdogan was issuing big statements taking the responsibility of downing the plane and even attacked Russia verbally

 

[OguzSenturk]

USA pays Turkey to do that.

No?

Turkey is not willing to withdraw from NATO. You can't blame USA for this.

I am not blaming USA? I obviously blamed (and insulted) my own government in that comment you quoted?

Turkey made huge money by selling oil from ISIS

Turkey didn't sell any oil ISIS?

and shot down Russian plane when Russia bombed the tankers and logistics.

Ehh this is utter bullshit. We shot down Russian jet in Hatay city's airspace, and closest ISIS territory was 300 km away from Hatay, not only that there was SAA controlled territory between Hatay and ISIS. How could ISIS "oil trucks" (lol) could pass SAA territory and reach Hatay?

Erdogan was issuing big statements taking the responsibility of downing the plane and even attacked Russia verbally

And? How is this related with anyway with what i said?

 

[damm1t]

USA pays Turkey to do that. Also, Turkey is not willing to withdraw from NATO. You can't blame USA for this.

In the past too, Turkey made huge money by selling oil from ISIS and shot down Russian plane when Russia bombed the tankers and logistics. Erdogan was issuing big statements taking the responsibility of downing the plane and even attacked Russia verbally

Hilarious, you made up your own scenario by combining irrevelant things hahahaha

 

[xenon54 out]

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..

Economy expert we got here.

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....

Another expert.

Turkey had slashed a few zeroes last decade in about 2003-5 and made new turkish lira. So, this turkish Lira crash is not first time.

Aaaand another one.

Hint, look up the difference between exchange rate and inflation.

 

[MMM-E]

The electronics and avionics in Turkey are mostly assembly. That is not enough

Turkish ASELSAN is one of the best defense company in the world for electronics and avionics with hundreds of indigenous products ( India not even close )

Turkish defense company ASELSAN ranked 55 in the 2018 global top 100 list based on defence product revenue

-- HEWS Helicopter Electronic Warfare System
-- VOLKAN III fire control system for ALTAY Tank
-- AKKOR Active Protection System for ALTAY Tank
-- KORAL Radar Electronic Warfare System
-- MEHPOD Jamming Pod
-- ASELPOD Targeting Pod
-- Airborne stand off Jammer
-- SPEWSII Self protection Electronic Warfare System
-- IFF Mode 5/S Long Range Interrogator

-- HIZIR Torpedo Countermeasure System for Surface Ships
-- HIZIR-LFAS Low Frequency Towed Active Sonar
-- ZOKA Acoustic Torpedo Countermeasure Decoy
-- ZARGANA Submarine Torpedo Counter Measure System
-- TORK Hard-Kill Torpedo Countermeasure System

-- 66 km ALPER Naval LPI Radar
-- 89 km SERDAR Coastal Surveillance LPI Radar
-- 100 km STR Weapon Locating Long Range Radar
-- 120 km KALKAN II Air search Radar
-- 450 km CAFRAD GaN based Naval Radar
-- 600+ km EIRS Early Warning Radar
-- Airborne GaN based AESA Radar


https://www.aselsan.com.tr/en-us/capabilities/Pages/default.aspx






in the next 10 years Turkey will have one of the best defense industry in the world including TS1400 Turboshaft gas turbine engine for Helicopters ( only a few countries in the world )
950hp and 1500 hp diesel engines for Howitzer and Tank


Turkey develops its own MPT55 and MPT76 Rifles , JNG-90 Sniper Rifle , MFY-71 fully automatic Machine Gun, next generation APCs,AFVs,IFVs, T155 STORM II 155mm Howitzer , YAVUZ truck mounted 155mm Howitzer , ALTAY Tank with AKKOR Active Protection System , FNSS SAMUR Amphibious Assault Bridge ,
KAPLAN Explosive Ordnance Disposal Robot , TAMKAR Mine Clearing System, etc


also Turkey develops all kinds of missiles

-- OMTAS man portable anti Tank Missile
-- KARAOK shoulder launcher anti Tank Missile ... ( similar to American JAVELIN )
-- 40 km TRG-122 guided MLRS
-- 120 km TRG-300 guided MLRS
-- 150 km J600T Tactical Ballistic Missile
-- 280 km KHAN Tactical Ballistic Missile
-- 800-1000+ km BORA Ballistic Missile
-- 250 km SOM-J network enabled Cruise Missile
-- 800 km SOM-ER Cruise Missile
-- 200+ km ATMACA Anti ship Missile
-- SAPAN Rolling Airframe Missile
-- 8 km CIRIT laser guided Rocket for Attack Helicopters
-- 8 km MIZRAK-U Anti Tank Missile for Attack Helicopters
-- 30 km TEMREN Missile for Navy Helicopters
-- GOKTUG BWR and VWR Air to Air Missiles
-- AKBABA Anti radiotion Missile
-- 800-1400 km GEZGIN land and Naval based Cruise Missile
-- HISAR-A Air Defense System ( 15 km range and 10 km altitude )
-- HISAR-O Air Defense System ( 35+ km range and 18 km altitude )
-- HISAR-U Air Defense System ( 90 km range and 30 km altitude )
-- KORKUT 35mm SPAAG ( Airbust ammunition )
-- BURAK Space Probe Rocket and Launch System
-- UMIT Space Launch System

-- NEB Penetrator Bomb
-- 12 km LGK Laser guided Bomb
-- 28 km HGK and TEBER INS/GPS guided Smart Bombs
-- 110 km KGK INS/GPS guided Smart Bomb
-- ORKA Leightweight Torpedo
-- AKYA heavyweight Torpedo
-- TUFAN Electromagnetic Railgun



also Turkish defense company ASELSAN ranked 55 in the 2018 global top 100 list based on defence product revenue

-- AKKOR Active Protection System
-- KORAL Radar Electronic Warfare System
-- MEHPOD Jamming Pod
-- ASELPOD Targeting Pod
-- Airborne stand off Jammer
-- SPEWSII Self protection Electronic Warfare System
-- IFF Mode 5/S Long Range Interrogator

-- HIZIR Torpedo Countermeasure System for Surface Ships
-- HIZIR-LFAS Low Frequency Towed Active Sonar
-- ZOKA Acoustic Torpedo Countermeasure Decoy
-- ZARGANA Submarine Torpedo Counter Measure System
-- TORK Hard-Kill Torpedo Countermeasure System

-- 66 km ALPER Naval LPI Radar
-- 89 km SERDAR Coastal Surveillance LPI Radar
-- 100 km STR Weapon Locating Long Range Radar
-- 120 km KALKAN II Air search Radar
-- 450 km CAFRAD GaN based Naval Radar
-- 600+ km EIRS Early Warning Radar
-- Airborne GaN based AESA Radar




also Turkish Naval Industry

-- ADA class stealth Corvette ( in service )
-- MILGEM-I class stealth Frigate ( under construction )
-- TF-2000 class Destroyer ( under development )
-- MILDEN class AIP Submarine ( under development )
-- 137 m BAYRAKTAR class LST.. ( can carry 20 Tanks )
-- New type LCT
-- ALEMDAR class Submarine Rescue Mother Ship (MOSHIP)
-- Super Tanker
-- Patrol Boat
-- Fast attack Missile Boat



also Turkish Aerospace Industries ( TAI )

-- TAI HURKUS Trainer and light attack Aircraft
-- TAI HURJET Jet trainer and air close support Fighter Jet
-- TAI TFX 5th gen stealth Fighter Jet
-- TAI T129 Attack Helicopter
-- TAI ATAK2 Attack Helicopter Project
-- TAI T625 Utility Helicopter
-- TAI 10 tons class Utility Helicopter Project
-- TAI ANKA MALE UCAV
-- GOKTURK Military Satellite

Bayraktar TB-2 Tactical UCAV is in service and Bayraktar AKINCI UCAV by 2020 ( 4,5 tons MTOW and 1300kg payload , SATCOM , AESA Radar )



so 4 Turkish defence companies among top 100 globally in 2018
http://people.defensenews.com/top-100/

Turkey is the only Muslim majority country with companies represented on the list

 

[T-Rex]

Now its time for the US to taste its own medicine. Turkey, Iran and China should work together to put the mangy dog on leash.

 

[Vijyes Yechury]

Now its time for the US to taste its own medicine. Turkey, Iran and China should work together to put the mangy dog on leash.

Why exactly will China or Russia work with Turkey? What does Turkey have to offer? Iran gives oil. What does Turkey give?