Erdogan bets "our God" will beat American dollar in speech, dollar immediately wins - Page 1

[ARCHIVED THREAD] - Erdogan bets "our God" will beat American dollar in speech, dollar immediately wins (Page 1 of 3)

Posted: 8/10/2018 8:37:00 AM EDT

Trump pimp slaps Turkey with sanctions for dictatorship fuckery and the Turkish Lira collapses after Erdogan unwisely announces that his plan to ameliorate sanctions is to declare that the US is his enemy and pray for Allah's intercession against the infidels:

Lira collapses as Erdogan tells Turks: They have 'their dollars,' we have 'our god'
Turkish lira hits all-time low versus the U.S. dollar.
The country's economy is viewed as imbalanced due to rampant inflation.
The United States has also threatened to impose "big sanctions" over a U.S. pastor.

The Turkish lira has collapsed to an all-time record low against the dollar, but the country's leader has brushed aside concerns, telling Turks "we have our God." The Turkish President Recep Erdogan then followed those comments up Friday by urging Turks to sell dollars and gold and buy lira.

At around 8:00 a.m. ET Friday, the lira had fallen to $7.081, an almost 11 percent loss for the session. As recently as April one dollar bought about four Turkish lira.

The first wave of selling came early Friday after a Turkish delegation returned from the United States with apparently no progress on the detention of a U.S. pastor. The evangelist, Andrew Brunson, is charged with supporting a group blamed for an attempted coup in 2016.

President Donald Trump said in July that the U.S. would place "large sanctions" on the country for the pastor's detention. Late Thursday, Erdogan said he will stand up to the pressure.

"There are various campaigns being carried out. Don't heed them," Erdogan said. "Don't forget, if they have their dollars, we have our people, our God. We are working hard. Look at what we were 16 years ago and look at us now," Erdogan told supporters.

On Friday afternoon Erdogan dug in again, calling for citizens to convert out of dollars and gold and buy the lira to help fight a "national struggle". In response, the currency renewed its sell-off. In his speech in the northeastern city of Bayburt, Erdogan added that he would decisively defend the country against economic attacks.

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Turkish lira drops 9% as Erdogan calls for citizens to convert out of dollars, gold; "The economic attack against us now is the same as the coup attempt against us."

The Turkish lira added to its steep losses on Friday after Turkish President Recep Tayyip Erdogan asked citizens to convert their dollars and other foreign currencies as well as gold holdings to local lira.

The lira traded down 9 percent against the U.S. dollar at 6.04 following Erdogan's remarks and briefly fell more than 12 percent. The currency had already declined sharply against the greenback before Erdogan's latest comments.

Erdogan said Turkey was facing an "economic war" and noted the country would respond to those countries who had started it.

Speaking to a crowd in the northeastern city of Bayburt, a defiant Erdogan said the dollar would not block Turkey's path, framing the sell-off of the lira as a "national struggle."

"We are facing economic attacks today, and we need to defend our country," Erdogan said, according to a translation. "The economic attack against us now is the same as the coup attempt against us. I'm urging our country to increase outputs, to increase exports."

Turkish stocks also fell on Friday as the iShares MSCI Turkey ETF dropped 11.4 percent. The ETF was already down 42.3 percent this year prior to Friday's losses.

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Posted: 8/10/2018 8:39:56 AM EDT

[#1]

Putting your trust in the devil seems quite foolish...

Posted: 8/10/2018 8:41:38 AM EDT

[#2]

Lets get it on. Kick them out of NATO now!

Posted: 8/10/2018 8:43:32 AM EDT

[#3]

Well that did not go the way he thought it would go.....

Posted: 8/10/2018 8:43:49 AM EDT

[#4]

I truly fucking hate Erdogan.

Turkey was on its way towards becoming a prosperous modern secular society and that cocksucker stole the future of 80 million people.

Now turkey is just destined to be another run of the mill Islamic shithole.

Posted: 8/10/2018 8:46:29 AM EDT

[#5]

Also, that was damn quick, it seems like just yesterday the Turkish lira was trading at 3.x to the dollar, now it's 6.x...

Posted: 8/10/2018 8:55:22 AM EDT

[#6]

Quote History

Quoted:
Also, that was damn quick, it seems like just yesterday the Turkish lira was trading at 3.x to the dollar, now it's 6.x...

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Bloomberg's captions guy was a little snide about it.

Attached File

Posted: 8/10/2018 9:20:41 AM EDT

[#7]

Quote History

Quoted:
I truly fucking hate Erdogan.

Turkey was on its way towards becoming a prosperous modern secular society and that cocksucker stole the future of 80 million people.

Now turkey is just destined to be another run of the mill Islamic shithole.

View Quote

Yep.

Posted: 8/10/2018 9:39:29 AM EDT

[#8]

Turkish Lira and the economy has been in the downward spiral since 2010...now is just getting hammered hard... currently $.15 to a dollar

Posted: 8/10/2018 9:40:03 AM EDT

[#9]

Quote History

Quoted:
Bloomberg's captions guy was a little snide about it.

https://www.AR15.Com/media/mediaFiles/172926/lira-635923.JPG

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Posted: 8/10/2018 9:41:11 AM EDT

[#10]

Quote History

Quoted:
I truly fucking hate Erdogan.

Turkey was on its way towards becoming a prosperous modern secular society and that cocksucker stole the future of 80 million people.

Now turkey is just destined to be another run of the mill Islamic shithole.

View Quote

Too bad...I’ve met and worked with some good people there.

Posted: 8/10/2018 9:45:03 AM EDT

[#11]

Kick them out of NATO and remove every last trace of our bases from their shithole country.

Posted: 8/10/2018 9:48:06 AM EDT

[#12]

Quote History

Quoted:
I truly fucking hate Erdogan.

Turkey was on its way towards becoming a prosperous modern secular society and that cocksucker stole the future of 80 million people.

Now turkey is just destined to be another run of the mill Islamic shithole.

View Quote

I agree 100%.

Posted: 8/10/2018 9:49:37 AM EDT

[#13]

Looks like their false god has forsaken them.

Posted: 8/10/2018 9:53:35 AM EDT

[#14]

On the other hand,now is a great time to see The Hagia Sophia on the cheap

Posted: 8/10/2018 9:56:55 AM EDT

[#15]

"Well my God can beat up your god"

*sigh* and from the formerly most-civilized Muslim state in the world. Keep doubling down on that dark age, you'll hit bedrock eventually.

Posted: 8/10/2018 10:05:19 AM EDT

[#16]

Quote History

Quoted:
Putting your trust in the devil seems quite foolish...

View Quote

And LOL, convert your dollars and gold to our shithole currency!

Yea, that's not going to happen. It will probably just tip everyone off that they should dump their currency for gold and dollars immediately.

Posted: 8/10/2018 10:14:05 AM EDT

[#17]

Needs a "Where is your god now" meme.

Have your god. Will he put food on your table or gas in your tank or stitch up a cut or perform surgery to remove a bullet?

Posted: 8/10/2018 10:15:26 AM EDT

[#18]

Their is a article about this on here.

Posted: 8/10/2018 10:20:07 AM EDT

[#19]

Quote History

Quoted:
I agree 100%.

View Quote View All Quotes

View All Quotes

Quote History

Quoted:

Quoted:
I truly fucking hate Erdogan.

Turkey was on its way towards becoming a prosperous modern secular society and that cocksucker stole the future of 80 million people.

Now turkey is just destined to be another run of the mill Islamic shithole.

I agree 100%.

I wonder what his plan is? Surely he doesn’t believe his own bullshit. He’s running his country into the ground at an impressive pace lately. If it keeps going this way he’s going to end up on the wrong end of a bunch of pissed off people. Muslim shithole dictator of a country that is aligned against the US hasn’t been a very good job historically.

Posted: 8/10/2018 10:23:20 AM EDT

[#20]

More proof allah is a little bitch?

Posted: 8/10/2018 10:24:28 AM EDT

[#21]

Turkey is not our friends.

Posted: 8/10/2018 10:24:59 AM EDT

[#22]

Your ‘god’ is a backwards ass child raping savage, and the culture he spawned is a failure of neanderthal proportions.

Posted: 8/10/2018 11:52:16 AM EDT

[#23]

Quote History

Quoted:
Lets get it on. Kick them out of NATO now!

View Quote

No Way!

Did you forget "Keep your friends close...

...and your enemies closer!" ?

Posted: 8/10/2018 11:53:37 AM EDT

[#24]

Quote History

Quoted:
I truly fucking hate Erdogan.

Turkey was on its way towards becoming a prosperous modern secular society and that cocksucker stole the future of 80 million people.

Now turkey is just destined to be another run of the mill Islamic shithole.

View Quote

Yeah.

Posted: 8/10/2018 11:57:53 AM EDT

[#25]

Oh well.

Posted: 8/10/2018 12:00:28 PM EDT

[#26]

Iran and China are also urging their citizens to buy gold.

They all want distance from the dollar which is still the best horse in the glue factory.

Posted: 8/10/2018 12:02:43 PM EDT

[#27]

Quote History

Quoted:
Lets get it on. Kick them out of NATO now!

View Quote

We need that dirt in NATO.

Make Greece Great Again!

Posted: 8/10/2018 12:06:47 PM EDT

[#28]

Discount trip to Turkey!

Posted: 8/10/2018 12:07:38 PM EDT

[#29]

Still winning.

Posted: 8/10/2018 12:09:13 PM EDT

[#30]

So Allah invests in Dollars?
Who would have guessed?

Posted: 8/10/2018 12:10:49 PM EDT

[#31]

Quote History

Quoted:
I truly fucking hate Erdogan.

Turkey was on its way towards becoming a prosperous modern secular society and that cocksucker stole the future of 80 million people.

Now turkey is just destined to be another run of the mill Islamic shithole.

View Quote

This is exactly right.

Posted: 8/10/2018 12:11:06 PM EDT

[#32]

Investors are worried about Turkish President Recep Tayyip Erdogan's unorthodox economic views. He says higher interest rates lead to higher inflation, the opposite of what standard economic theory says. As a result he's pushed Turkey's central bank to keep interest rates low, threatening its independence.

https://finance.yahoo.com/news/turmoil-turkey-sends-us-european-143001554.html?.tsrc=applewf

Posted: 8/10/2018 12:14:33 PM EDT

[#33]

Trump defeats Allah?

Posted: 8/10/2018 12:16:40 PM EDT

[#34]

Turkish lira chart.

Hockey Stick graph

Posted: 8/10/2018 12:18:47 PM EDT

[#35]

Quote History

Quoted:
Turkish lira chart.

https://i.imgur.com/uaPXQ1e.png

Hockey Stick graph

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Looks like the Dow since Trump took office.

Posted: 8/10/2018 12:30:59 PM EDT

[#36]

We really need to think about getting our nukes out of Incirlik.

-K

Posted: 8/10/2018 12:31:48 PM EDT

[#37]

Quote History

Quoted:
Your ‘god’ is a backwards ass child raping savage, and the culture he spawned is a failure of neanderthal proportions.

View Quote

Actually their "god" is just a whore. It was their god's pimp, Mohammed, that was the "backwards ass child raping savage".

Posted: 8/10/2018 12:45:49 PM EDT

[#38]

Quote History

Quoted:
Kick them out of NATO and remove every last trace of our bases from their shithole country.

View Quote

Push them back to Anatolia and reclaim Constantinople.

Posted: 8/10/2018 12:48:32 PM EDT

[#39]

Quote History

Quoted:
I truly fucking hate Erdogan.

Turkey was on its way towards becoming a prosperous modern secular society and that cocksucker stole the future of 80 million people.

Now turkey is just destined to be another run of the mill Islamic shithole.

View Quote

Nailed it.

Hard.

Posted: 8/10/2018 12:49:13 PM EDT

[#40]

Quote History

Quoted:
Turkish Lira and the economy has been in the downward spiral since 2010...now is just getting hammered hard... currently $.15 to a dollar

View Quote

I don’t want thei lira to stop til it’s worth as much as Italian lirai was...a couple of hundred grand lira notes for a coke.

Posted: 8/10/2018 12:51:44 PM EDT

[#41]

Quote History

Quoted:
We really need to think about getting our nukes out of Incirlik.

-K

View Quote

I'd be shocked if they weren't taken out shortly after the mini-siege that followed the "coup attempt".

Posted: 8/10/2018 12:58:08 PM EDT

[#42]

He'll be turning to Russia for help no doubt...whether he does or not.

He'll make a fine boogey man for the both the paleo-communists and their neo-con soul mates

Posted: 8/10/2018 12:58:15 PM EDT

[#43]

They’re still there? I was EOD ar Incirlik and was goddamn glad to not be there for that pretend coup.

Erdogon came into office while I was there in 2007-2008 and I remember some of the Turks on base were not happy.

Quoted:
We really need to think about getting our nukes out of Incirlik.

-K

View Quote

Posted: 8/10/2018 1:00:23 PM EDT

[#44]

Quote History

Quoted:
On the other hand,now is a great time to ~~see The Hagia Sophia~~ recapture Constantinople on the cheap

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FIFY

My kids and I like to troll the local Roman Catholic churches by putting $5 into the tithing envelope and writing on the What Is This Gift For line, "to retake Constantinople from the Mohammedans!"

Posted: 8/10/2018 1:00:54 PM EDT

[#45]

Quote History

Quoted:
Iran and China are also urging their citizens to buy gold.

View Quote

they listen to too much Glenn Beck.

Posted: 8/10/2018 1:13:47 PM EDT

[#46]

I would have pulled a plug on our bases after they blockaded them after the "coup" attempt. Turkey refused to help us when they could have several times.

If we still have nukes there they need to be removed ricky-tick.

We need to cancel the F-35s too. Did we deliver those F-35's?

Posted: 8/10/2018 1:16:42 PM EDT

[#47]

Damn. We all shoulda shorted the Turkish Lira today on the market..

Posted: 8/10/2018 1:17:16 PM EDT

[#48]

Quote History

Quoted:
Kick them out of NATO and remove every last trace of our bases from their shithole country.

View Quote

Why? Seems like a great place from which to launch the invasion.

Posted: 8/10/2018 1:23:20 PM EDT

[#49]

Quote History

Quoted:
Putting your trust in the devil seems quite foolish...

View Quote

or the Moon God.

Posted: 8/10/2018 1:24:43 PM EDT

[#50]

Quote History

Quoted:
I truly fucking hate Erdogan.

Turkey was on its way towards becoming a prosperous modern secular society and that cocksucker stole the future of 80 million people.

Now turkey is just destined to be another run of the mill Islamic shithole.

View Quote

People actually believed this would happen any other way?

[ARCHIVED THREAD] - Erdogan bets "our God" will beat American dollar in speech, dollar immediately wins (Page 1 of 3)

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