Trump slaps Turkey with more sanctions to punish Turkey for disobedience

[The SC]

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..

 

[Offshore]

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..

nice joke, a good one..

 

[khanz]

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.

 

[Exxxe]

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 ??

 

[Offshore]

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 ??

Lol how old are you? It seems you have No idea about BASIC economy

 

[Vijyes Yechury]

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?

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 ??

 

[Pan-Islamic-Pakistan]

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.

 

[OldTwilight]

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!

when pure value of Natioan currency fell like this , its mean you are already in financial crisis ....

 

[INDIAISM]

nice joke, a good one..

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....

 

[Offshore]

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....

Im not talking about the Financial crisis in 2001.. im talking about Erdogan plan to slash one zero.. hahahha its just funny

 

[Tshering22]

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.

I would disagree as someone who has been there and spoken to several people there.

Turkey is often known for its picturesque locales, its natural beauty and its delicious cuisine. But it is no Greece. Behind all that softness there is a very credible and robust economic-social and infrastructural back up in place.

1. 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.
2. Turkey 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.
3. 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.
4. Turkey 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.
5. 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).
6. Turkey's economy is more than just tourism, food and agricultural exports. It is one of the largest manufactrers of electronics and commercial automobiles in Eurasia with a strong and burgeoning domestic market.
7. 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.

You might find this strange coming from me but US losing Turkey as an ally would be a big loss for not just them, but also entire NATO.

 

[Vijyes Yechury]

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.

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 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.

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 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.

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 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 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

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).

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
8) fire control radars
9) SAM, BMD system
10) high end processors and communication system

Turkish defence industry reminds me of how Iranians used to gloat of their industry

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.

Turks were ruled by USA via repeated coups. Where was their identity till then?

 

[Tshering22]

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.

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.

It is otherway around. Turkey has lesser training and tactics than Pakistan. Turkish military is also having serious number of moles and CIA agents

If you understand military tactics then you would know that the nature of enemies faced by Turkey and Pakistan are completely different. Turkish forces are used to coalition combat roles and that is something they are really good at.

They 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).

Turks may be well educated and modern but that is due to USA forcing secularism on them. Deep within, their true nature lies.

You really need to visit Turkey once before saying that. Yes there are loonies there also and that is there even in USA. But Turks, especially young adults and teenagers are just like any other Europeans. Only thing is that they are unapologetic about their identity and see it as their badge of pride unlike Swedes or Norwegians who are ashamed of themselves and their own prosperity.

Maybe 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.

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

Sure they are not Japan or South Korea in semi-conductor industry. But their income from all those is reasonable enough to keep their economy floating and comfortable. There have been some recent dips in their currency value but that is what happens when there is a geopolitical wind shear and an attempt to vector their resources to another country is being made.

I really don't see how they are any lesser in their capabilities than we are except that we are a much larger market. Just as we don't have a specific resource choke-hold leverage, they also don't have any specific resource to hold the world at ransom.

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

A US restriction does not mean that they will not have access to European or Russian fighters as an interim measure.

2)tanks with engine

Altay MBT is being mass produced and is based off K-2 Black Panther; the most advanced tank on the planet today.

3)ballistic missiles

They are NPT signatory with no interest in nuclear weapons.

4)satellite

They are indigenising faster than anything we are doing. Even if they don't have one currently, it is expected by next year.

5)semiconductor fabrication for defence (India has SCL, upto 180nm)

India 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.

6) electronics industry in defence, avionics etc

Check their development by Roketsan, ASELSAN, MKEK etc. Pretty good start I'd say.

7) Submarine

Despite 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.

Turks were ruled by USA via repeated coups. Where was their identity till then?

Turkish affiliation to the West comes from their founding ideology and not from a sense of subservience.

Please know the difference.

 

[Exxxe]

Lol how old are you? It seems you have No idea about BASIC economy

Yea sorry was a bit sarcastic a bit there

Still the FED and rates and few more measures taken by foreign powers caused the lira to crumple

Once the lira goes down this hard everything's price simply goes up

Dont blame the government since
Def independence reached 65 % under it
Exports reached tens of billions under it
Tourism profit reached billions under it
Economy grown bigger than saudi arabia itself and they dont even have oil

THE state bank just reported 2 billion profit in the first half
So where is the dying economy

Damn it turkey became a center of interest to everyone it's on the headlines everywhere ( bad news yes ) but that shows how much growth and prestige you have earned along the years

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?

All True
But The US deficit amounted how much?

How 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

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

 

[Vijyes Yechury]

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.

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.

They 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).

Pakistan TTP problem came because Afghanistan went out of Pakistani control and into USA. Till 2002, Pakistan did not have much of TTP problem

Maybe 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.

Those tiny minority voted Erdogan to power with massive majority

A US restriction does not mean that they will not have access to European or Russian fighters as an interim measure.

Planes means indigenous manufactured planes, not imports

Altay MBT is being mass produced and is based off K-2 Black Panther; the most advanced tank on the planet today.

Tank is an old technology. Also, engine is imported

They are NPT signatory with no interest in nuclear weapons.

This is retarded justification. No sane country would restrict themselves willingly

They are indigenising faster than anything we are doing. Even if they don't have one currently, it is expected by next year.

Satellite in 1 year? Are you out of your mind? You reek of serious bias beyond reason

India 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.

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 embargo

GDP is irrelevant. Production mostly relies on various factors. The technology and manufacturing is what matters the most. Just service production, assembly etc is not enough

Check their development by Roketsan, ASELSAN, MKEK etc. Pretty good start I'd say.

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

Despite 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.

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 enough

Indian light armoured vehicle, trucks, tanks etc are all made in India. BMP-2. T90, Tata trucks is made in India fully. Don't speak if you don't know.

Turkey is just loud mouth like Iran, speaking out of desperation.

Turkish affiliation to the West comes from their founding ideology and not from a sense of subservience.

Please know the difference.

Founding ideology itself was subservience. Ataturk was installed by west after they invaded Ottoman in the aftermath of WW1.