>ctrl + f "Turkey"
>no threads found
why tf arent you guys talking about this. i am visiting from Jow Forums to see what Jow Forums thought but theres nothing here.
>Turkish banks cannot remain solvent if USD/lira rises above 7.1
It closed at 6.4. one week ago it was at 5.08. Forex reopens in 1 hour at 5pm EST. Turkey may be unironically fucked and with that, a hoard of refugees may be allowed into europe.
pic unrelated, only pic i have on my computer atm.
Other urls found in this thread:
bloomberg.com
reuters.com
cnbc.com
twitter.com
twitter.com
>Turkish banks cannot remain solvent if USD/lira rises above 7.1
>bloomberg.com
The lira is at 7.2/usd right now in asian trading
...
I don't get it, isn't it a good thing that Turkey collapses? Sure they will sends their migrants but we are destined to be overflowed by them enyway, so, shouldn't we rejoice for this next beautiful happening/shitstorm ?
>countries banking systems aren't all heavily integrated.
>europe doesn't have massive exposure to the lira
niggers
don't care sell more kebabs to stay afloat
I lived in Turkey for 2 years, let it rot.
W8 they can't repay debt and they are fucked?
Fucked are the lenders.
Are they moving war to them?
Explain to a brainlet.
Good thing for us, but bad thing for Germoney and Eternal Anglo bankers.
But why would it destroy us when another QE will just do the trick to save the banks, as usual?
Stay comfy.
IF we go down (which won't happen) your white asses will have to bail us out or else we send 4M Syrians and 1M Subsaharan Africans who will steal your women and rape you in the ass and impregnate your wives.
I hope the default brings out more KARA BOGA popsters such as yourself, you were always funny
>who will steal your women and rape you in the ass and impregnate your wives.
The current leaders would not have a problem with that. So, bye felicia
then i will migrate to europe as well and steal yo woman
say good bye to your race, whtie boi
bye bye
>The Bundesbank estimated on Friday the total claims of banks in June to 20.77 billion euros. For comparison: Compared to the euro country Greece, it is reportedly 19.17 billion euros.
If anything we have a game of leverage the money is gone either way. don't give a shit
Buy as much TVIX and UVXY as you can. Shit is going to hit the fan.
>levi
>using ubuntu
>using node
how much more jewish can one person possibly get?
>isn't it a good thing that Turkey collapses?
Not for Europe. Spain's banks might fail as a result of Turkey's banks failing, and set off a huge chain-reaction recession in Europe. At least, that's what the fears are.
But they won't stay for long, this flood will be the final push for whites to change the situation. So, you'll get rekt by right wing death squads all around Europe. As I said, bye felicia
Inshallah brother.
But don't you know we love the BBC? Send them, this is OUR army of niggers! We are going to give them our wives so they can multiply and once they are done here, they will come back to you. Turkey shall be the last wh*te country and be surrounded by Eufrica soon.
levi isnt my real name. its the name of a character from attack on titan.
>ubuntu is jewish
wut. probably one of the arch linux fags.
>using node
name a better package manager for js.
I'm actually gonna shoot up a turk camp if you do start doing that. BTW you're not black
Oh look another FIAT currency collapsing.
america and turkey have no real trade with each other. im not sure what trumptards think is going on but the 2 nations have next to no trade with each other
as a result the exchange rates between countries has no meaning. also all companies work on contracts for orders over a 6 month to 2 year time frame with locked in pricing . i dont think trump understands how little his tantrum means to the rest of the world
hello fellow coiner
shalom fellow Jow Forumsiraeli
>print money out of thin air
>wonder why it's not coming back
Turkey outjewed the Jews. Holy shit
>as a result the exchange rates between countries has no meaning
what are you talking about? the USD is integrated into almost every aspect of the global economy because of the petro dollar. if the lira goes down against USD it also goes down against every other currency.
Isn't trumps.plan to end NATO and fuck the EU?
Turkey is so tsundere for Europe it's kind funny.
How will Edrogen react? IMF is filled with nations he hates so any help from them will come with terms that will surely piss off Edrogen. Is this going to be a catalyst for a war?
Reuters saying TRY opened - OPENED - at 7.24
The Lira, and Turkey are irrevocably fucked, and Erdogoingoing will be Erdogone by daybreak
Catalyst for friendships ending with NATO/Europe now friends with asia
>this is just early trading
It's gonna be a bloodbath
It's gonna be complete carnage! You wouldn't know a tradingview page for following would you? All the pages I've seen are market closed
bloomberg.com
The real bloodbath will start at 8am when europeans start trading
It's a very strategically important country, hence the ridiculous situation of them still being in NATO despite the obvious incompatibility of Erdogan's rule with both liberal democracy and globohomo "values". The results of them getting btfo would be unpredictable, to say the least.
We did talk about it, then we exhausted the topic. There's only so much to say that doesn't boil down to "Erdogan is a retard" and laughing at turkroaches
>Implying I don't want to see Europe's economies crash and burn
>bloomberg.com
You are my hero tonight, user
Per biz: "Tonight...: It's happening tonight boys, strap in!"
An economical collapse in Turkey isn't in the strategic interest of Europe. They might just unleash all the migrants they have since they are a burden on the country, or ask for more money in order to keep them at bay. Another demand of Erdogan was to allow Turkish citizens visa free entry into EU countries, which would lead to an exodus of the Kurds (the poorest citizens) into Europe
>a Brit posting that pic
Thanks for being a bunch of kikes and stopping Russia from retaking Constantinople, anglos
November 16th is the day the stock market crashes
>Lol posting about serious political stuff on Jow Forums
You must be new here, pol is nothing but race baiting, shills posting outrage threads, and fake conspiracies.
>down 30% in one night after already being down 20% on friday
You do know that if europe crashed and burnt it would cause a global economic meltdown similar to 2008 right?
>Per biz: "Tonight...: It's happening tonight boys, strap in!"
I do enjoy when Jow Forums & Jow Forums Mashes up. The happenings are usually bretty good tbqh.
In an hour or so we can start to watch the financial failure cascade through Europe....only if we get blessings from Kek and Pink Wojacks?
>Implying there an absolute good & bad in this situation
Turks and their diaspora are fucking cancer in Europe, they all support Erdogans power creep whilst only vacationing there and using traditional turkish scams to fuck over Europe. So fuck them, even though there's bound to be another fucking fallout event because the banks and the borderline illegal bullshit.
I don't understand... is written in the bible that the currency must be 1:1 with the dollar? There are a shitloads of countries that have a currency worst than that with the dollar.
Release our hostages, you filthy Turks before we take back Constantinople
Jow Forums was formed from Jow Forums and Jow Forums as a crypto containment board. Europe doesn't open for a while but the farthest east opens very shortly: NZX is the first big exchange, in one bong and 12 bings
They have brought it to 7.0 for now, actual important markets that open tomorrow will be the true litmus test
well, maybe these hyper-intelligent banks shouldn't have made billion dollar deals with brainlet wannabee sultan, I say burn it all down
No, but close-- his end goal is to make NATO pay us and end the EU.
Jow Forums had a based thread in 2016 when Erdogan was in the air and he was THAT close to be shot down
What is the world reserve currency?
Nigga I change tires for a living and I'm not this stupid
Here's hoping all the banks collapse.
The problem is that their debt is in dollars, the more their currency collapses, the more their debt gets huge.
Then we agree that all of this is just a time bomb. Let's just embrace the chaos of the fall of Turkey. There is no happy end anyway.
Europe is not in fact particularly exposed to the lira
Rent free
>There is no happy end anyway.
I beg to differ
This twitter account always has funny shitposts
cnbc.com
>inb4 muh cnbc
Just read it
(((Levi)))
It's going to be Venezuela-tier because he purged all opposition after the coup attempt. He will reee
Please, go on, I need you to be more explicit.
>he thinks ''''facts""'' matter in a market panic
True, but their debt is not so high either...
Another thing is that the country, having a weak currency, can somehow became more attractive for companies. Italy for example weakened the lira in order to became more competitive than Germany in some industrial sectors. In fact the euro ruined them...
Spanish banks have like 80 billion in Turkey, don't know about the rest of Europe though
>Several European banks plus insurers have exposure (to Turkey) but it is modest in the context of the overall group. Overall, Turkey will be a small component of European company profits with no specific name stating out as overly exposed
Isn't that trumps plan
So the EU is a given, but isn't NATO a globalist tool?
Nobody cares about Turkey
Overall, yes, but if spain can't get the 80 billion they lent back that will have a domino effect onto other european nations that are invested in spanish banks/companies etc.
ment for
>can somehow became more attractive for companies
I don't know I don't see that really working for Turkey, at least not in the short term, didn't foreign investment dry down significantly since the coup attempt and Erdogan seizing more and more power. It could be good for exports and tourism though
Of course you do kike
Lets see at it from another perspective - USA now is in the state of economic war with Europe. Apparently this is a move of murrican against Europe. German minister said that Germany is against sanctions on turkey and Iran and they prepare to fight back 56% scum
I still don't see the problem. Our banks are already in a situation of virtual default and only QE maintains them afloat. Why would a supposed Turk underwriting be such a catastrophe in comparison to what they already endure?
so instead of doing some reading about currency devaluation you ask this on a finnish cabbage imageboard, Abdullah?
in short, they're mostly fucked because Turkey is higly leveraged by foreign capital mainly in it's real estate dollar being high means most companies will be unable to pay up, which will mean credit rating drop, which will mean investment drop, which means remaining loans will be grey/black interest, which means IMF will intervene
high inflation and high devaluation also means exports will bring half as much revenue home and massive layoffs will need to occur (and layoffs are hard in turkey since erdo passed his socialist laws). so basically many turk companies go bankrupt, hellp unemployement lenders go to IMF, IMF wants austerity and more layoffs, erdo doesn't comply, more sanctions and trade barriers are set as a result, Turkey goes Somalia will be the worst scenario - or as the Greeks call it: "best scenario"
SOON
Levi > fuck you kike op, faggot
>Hello, Bundesbank?
If you didn't want them, you should have gone around starting and losing wars
>I was just pretending to be retarded
Out
>Der Ewige Anglo
>Yeah we lost the turkey loan but let me f-
>no we can't get it back, but we still have the -
>No don't pull out your funds we are still solvent and have hundreds of other assets
>you're not listening, just wait for it to blow over
>hello? You still there?
shouldn't be long now before you can't pay your internet bill with your vaperware turk currency. good riddance
The very same!
> /home/(((levi)))
Their economy is going to implode and a civil war will start. Remember that attempted coup a few years back?
Call me when something happens, though. The Earth is one big blueball.
Is this really a happening? Every one of these seem to be fixed by the central bank or whatever and nothing happens. I want a good happening
Nothing will happen. Turkey isn't relevant
The opposition literally is Kurdish terrorist.
Yup this is a bona fide Happening. The only thing the Sultan can do is invade uninhabited Greek islands and hope
That's a fantasy, investors are not scared by some failed coup
The Saudis are getting their shit kicked by Yemenis but nothing happens to them economically
If this is another real estate bubble then it's not this catastrophic. In short some sectors will suffer while others will gain fror a devaluation.
Saudis are sitting in a shitload of Oil though. Turks are sitting on literally nothing.
twitter.com
>TURKEY BANK REGULATOR LIMITS SWAP TRANSACTIONS: BDDK
holy shit its happening...
fucking this
the brits are also the reason kingdom of yugoslavia went against hitler, even though the first plan was to join them.
we bant about germany fucking over europe time and time again, when in fact its the brits that are the retarded kike that fucks over everyone. those smug fucks deserve to be overrun by niggers and shitskins, fucking had it coming.
>pic related
>prince pavle karadjordjevic and hitler