Don't underestimate Erdogan (pronounced Erdo- wun), he is a full scale dictator. If he says "Every patriotic Turk should sell his Gold or Dollars for Lira!", thats not meant as a suggestion. People who do the opposite - which makes sense in this situation - may easily find themself in prison for some of the rubber accusations like "supporting terrorism" or "anti turkish activities" and so on. Or at least they get fired from their job, because their boss is visited by some people in suits who drop the hint that it would be in his own best interest to do so.
This is not a joke anymore, even if it looks like that at times. This attitude to threaten everybody who speaks up against him (even countries like Germany or the US) is part of his "Strong Man Show" that secures him the support of the conservative islamic voters. And in the meantime he is cashing in, with his new 1000 room palace, and his relatives getting the top positions. Like making his son in law minister of finances. Do you think anyone will bail them out? I doubt it very much, at least not unless there are radical changes.
Greg, It is hard to watch CNBC anymore. Here is a chart you will not see on CNBC. It is the Interbank Loans, All Commercial Banks Chart.
This chart was discontinued by the FED because the lending between banks collapsed about two months ago. Which means the banks are nervous about lending to each other. This happen just before the 2008 crash.
Bank Bail-in's Coming Soon
Get your money and get out of USA while you still can
Passports will not be renewed for every reason under-the sun son. first Outstanding Taxes, whats next?
It’s all a part of the plan, masters and Servants. Cheers mike
You should be Dracula for Holloween. lol
Count Mannarino! Draining Wall Street......................
It is going back higher for short term. Stay out long term.
Well okay, here it is, Uv & Rs for what it's worth. (0.01 stm)
Don't underestimate Erdogan (pronounced Erdo- wun), he is a full scale dictator. If he says "Every patriotic Turk should sell his Gold or Dollars for Lira!", thats not meant as a suggestion. People who do the opposite - which makes sense in this situation - may easily find themself in prison for some of the rubber accusations like "supporting terrorism" or "anti turkish activities" and so on. Or at least they get fired from their job, because their boss is visited by some people in suits who drop the hint that it would be in his own best interest to do so.
This is not a joke anymore, even if it looks like that at times. This attitude to threaten everybody who speaks up against him (even countries like Germany or the US) is part of his "Strong Man Show" that secures him the support of the conservative islamic voters. And in the meantime he is cashing in, with his new 1000 room palace, and his relatives getting the top positions. Like making his son in law minister of finances. Do you think anyone will bail them out? I doubt it very much, at least not unless there are radical changes.
Greg, It is hard to watch CNBC anymore. Here is a chart you will not see on CNBC. It is the Interbank Loans, All Commercial Banks Chart.
This chart was discontinued by the FED because the lending between banks collapsed about two months ago. Which means the banks are nervous about lending to each other. This happen just before the 2008 crash.
Thanks,
Weston
Interesting..........
There's a moon over bourbon street tonight . . .
Greg, the solution to the Turkey situation should be obvious to you and I am surprised you haven't voiced it in order to allay the market's fears.
All Turkey has to do is follow Argentina's lead and sell some of those 100 year bonds, I think they were 7 1/4's of 2118
See, problem solved . . . . and who says you can't borrow your way out of debt
You definitely made some money today. Big deference between yesterday video and today's. This B.S. market is going down, no matter what.
I don't think CNN will ever hire you because they hate truth tellers.
upvoted and resteemed.
How is it possible that Robin Hood can resemble a vampire?