TURKEY: Next Stop Is Currency Controls

  [embed]https://www.youtube.com/watch?v=0zioY4st7P4[/embed]  

• Erdogan’s heterodox (unusual) economic policies pushed Turkey into the abyss.

 

• “Official” inflation is 36%, unemployment is 22%, up to 70% of people complain about poverty.

 

• All economic indicators will get worse because the depreciation of the Turkish Lira can’t be controlled.

 

• Currently, Central bank and state Lenders sell FX to defend TL, But, ammunition is running out.

 

• Next Stop Is “Currency Controls”

 

• What are currency controls and is there evidence for them?

 

• The End-Game: Erdogan and Turkey are racing to see who collapses first.

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