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To: Texas Fossil

I wouldn’t describe it as a breaking point. Erdogan is spending government funding as much as possible, and Turks are shifting their money into dollars and Euro....expecting some crash to occur in the next two years. At some point, the Turkish banks will sit down with Erdogan and lay out their decline and how many weeks of cash they have left. His problem is that he can’t go to the IMF to ask for help because they will demand he release the prisoners and allow free elections.

I don’t see how they avoid some major banking crash. Won’t happen this year...but 2019 to 2020....is very likely.


2 posted on 06/19/2018 6:01:50 AM PDT by pepsionice
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To: pepsionice

The breaking point I have in mind is not financial. Although all of what you said is likely true.

The military side of this is close to crisis point. The Turkish elections on the 24th will have an impact. If Erdogan does not get a majority on the first balloting, there will be a run off. If that happens he might be defeated. He is like Obozo, he will do anything possible to steal the election. Anything.


4 posted on 06/19/2018 6:06:11 AM PDT by Texas Fossil ((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
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To: pepsionice; mindburglar

Did either of you notice the table in the photo?

Strange narrow table top. People are really packed in the room.

Wonder where the photo was taken.


12 posted on 06/19/2018 6:32:52 AM PDT by Texas Fossil ((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
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