Lira collapses as Erdogan tells Turks: They have 'their dollars,' we have 'our god'

CNBC ^ | August 10, 2018 | David Reid

[littleharbour]

[BeauBo]

"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.

[Mat_Helm]

Dude on paper money looks like Bela Lugosi

[af_vet_1981]

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).

[miniTAX]

“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.

[I want the USA back]

You deserve this you dumb (rude word for fornication).

[beethovenfan]

Your false god cannot help you.

[Myrddin]

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.

[BeauBo]

“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”).

[Reily]

Uh... It’s been muzzy since 1453! That’s like 5+ centuries.

[Jimmy Valentine]

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.

[Rockingham]

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.

[Texas Fossil]

Down in flames.

[SailormanCGA72]

The US dollar is real. The god of Turkey is not.

[cranked]

Turks and Erdogan in serious denial....

[george76]

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.

[george76]

Allahu Akbar = Muslims think that their Allah ( Satan ) is greater than God.

[outofsalt]

15.5 cents. Whoever edited this was smoking crack.

[af_vet_1981]

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.

[george76]

Son of Hamas co-founder : Mosab Hassan Yousef says the Allah of the Koran is the world’s biggest terrorist.

Their Allah ( Satan ) never had a son.