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Lira collapses as Erdogan tells Turks: They have 'their dollars,' we have 'our god'
CNBC ^
| August 10, 2018
| David Reid
Posted on 08/10/2018 8:49:31 AM PDT by C19fan
The Turkish lira has collapsed to an all-time 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. It has since pared some losses. As recently as April one dollar bought about four Turkish lira.
(Excerpt) Read more at cnbc.com ...
TOPICS: Business/Economy; Extended News; News/Current Events
KEYWORDS: allah; erdogan; europeanunion; islam; kurdistan; lira; muslims; muslimworld; nato; receperdogan; receptayyiperdogan; satan; turkey; turkish; turkishlira
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To: VanDeKoik
21
posted on
08/10/2018 9:34:27 AM PDT
by
littleharbour
("You take on the intel community they have six ways from Sunday at getting back at you" C. Schumer)
To: montag813; Texas Fossil
"Unfortunately what Ergodan said DOES resonate with Turks... Nationalistic pride is massive in Turkey"
Erdogan is a talented politician, who will say whatever works, and can sell it well. In the past, economic results strongly supported his sales pitch. Now he is fighting the tide.
The downturn in Turkey this year is really much sharper than I would have thought - worse than the US experienced at the start of the Great Depression. The stock market had been down 40%, and the currency had dropped 40%, in the first 7 months of this year.
Their currency just dropped 15% in one day.
22
posted on
08/10/2018 9:43:25 AM PDT
by
BeauBo
To: littleharbour
Dude on paper money looks like Bela Lugosi
23
posted on
08/10/2018 9:43:28 AM PDT
by
Mat_Helm
To: george76
No, Allah is an Arabic word that means God (The God) and is used by Arabic speaking Christians for The God of Abraham, Isaac, and Jacob (even before Mohammed was born and created Islam).
24
posted on
08/10/2018 9:45:05 AM PDT
by
af_vet_1981
(The bus came by and I got on, That's when it all began.)
To: C19fan
“the lira had fallen to $7.081. As recently as April one dollar bought about four Turkish lira.”
Anyone with some minimalist modicum of numeracy would realize something doesn’t compute.
MSM journalists are true to their reputation, ignorant and dumb as a pile of rocks. Rocks at least are not arrogant.
25
posted on
08/10/2018 9:49:43 AM PDT
by
miniTAX
To: C19fan
You deserve this you dumb (rude word for fornication).
26
posted on
08/10/2018 9:51:32 AM PDT
by
I want the USA back
(If free speech is taken away, dumb and silent we are led, like sheep to the slaughter: G Washington)
To: C19fan
Your false god cannot help you.
27
posted on
08/10/2018 9:51:54 AM PDT
by
beethovenfan
(I always try to maximize my carbon footprint.)
To: C19fan
My only visit to Turkey was in 1992. The exchange rate was 8052 Turkish Lira per USD. A year later it was over 12,000 TL to the USD. Turkish merchants prefer a USD from a customer, but that runs afoul of Turkish law. You really don't want to do that EVER. I would get a written offer for a purchase in TL, then go to the local currency exchange and buy that amount of TL with USD. I purchased a couple leather jackets, a silver spoon and an all metal E-flat clarinet while working in Izmir. Interesting visit. Nice people. Good food. Didn't care for the call to prayer from minarets all over the hillside with big PA systems.
It's also good to always have a receipt for purchases. Thieves lose a right hand or worse. A couple co-workers related an experience on a prior trip. A thief grabbed a wallet from one of them. He took off running. Turkish police ran him down. He was made to return the wallet and apologize. Next, he was made to lay face down on the sidewalk and was shot in the head.
28
posted on
08/10/2018 10:06:43 AM PDT
by
Myrddin
To: af_vet_1981
“Allah is an Arabic word that means God”
Allah was one of the Gods in Arab’s Pagan pantheon (the Moon God), before Mohammad raised him to the position of sole creator, that later made “Allah” synonymous with the monotheistic God of Abraham.
Muhammad’s own father, was named after the pagan god Allah (Abdullah, literally “slave of Allah”).
29
posted on
08/10/2018 10:10:03 AM PDT
by
BeauBo
To: litehaus
Uh... It’s been muzzy since 1453! That’s like 5+ centuries.
30
posted on
08/10/2018 10:10:25 AM PDT
by
Reily
To: C19fan
US State Dept has a country warning on Turkey. I went a number of times to resorts in Antalya and very much enjoyed it. Erdogan is an ego driven fool.
31
posted on
08/10/2018 10:16:21 AM PDT
by
Jimmy Valentine
(DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
To: allendale
There seem to be three reasons why the fiction is maintained: (1) Turkey’s membership in NATO works as a brake on Erdogan and the Islamist element; (2) if Erdogan and his regime fall, even a vestigial tie to NATO would provide a basis for US and European intervention in favor of a secularist, pro-Western regime as the successor; and (3), formally suspending or expelling Turkey from NATO would likely be seen as an insult to the Turkish nation and to Islam and become a potent emotional rallying point for anti-Western forces there and throughout the region.
To: BeauBo
33
posted on
08/10/2018 10:37:10 AM PDT
by
Texas Fossil
((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
To: PittsburghAfterDark
The US dollar is real. The god of Turkey is not.
To: C19fan
Turks and Erdogan in serious denial....
35
posted on
08/10/2018 11:20:17 AM PDT
by
cranked
To: af_vet_1981
Their Allah never had a son.
Sura 18.4 And warn those who say: Allah has taken a son.
Sura 9:30 that those that believe Allah has a son should be destroyed by Allah.
36
posted on
08/10/2018 11:40:56 AM PDT
by
george76
(Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
To: litehaus
Allahu Akbar = Muslims think that their Allah ( Satan ) is greater than God.
37
posted on
08/10/2018 11:44:06 AM PDT
by
george76
(Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
To: miniTAX
15.5 cents. Whoever edited this was smoking crack.
38
posted on
08/10/2018 3:16:31 PM PDT
by
outofsalt
(If history teaches us anything, it's that history rarely teaches us anything.)
To: george76
That argument confuses language with theology. The English word "God" and the Arabic word "Allah" mean the same thing. The theology between Judaism, Christianity, and Islam differ markedly even when accepting that there is only One God, "The God of Abraham, Isaac, and Jacob."
So it is not the word "God" that shows the difference; it is each religion's theology. Islam has a flawed theology. It is not Christian.
39
posted on
08/10/2018 6:47:46 PM PDT
by
af_vet_1981
(The bus came by and I got on, That's when it all began.)
To: af_vet_1981
Son of Hamas co-founder : Mosab Hassan Yousef says the Allah of the Koran is the worlds biggest terrorist.
Their Allah ( Satan ) never had a son.
40
posted on
08/10/2018 7:10:56 PM PDT
by
george76
(Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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