Comments by "Luis Romero" (@LuisRomeroLopez) on "Erdoganomics: the Policy that is making Turkey collapse - VisualPolitik EN" video.

  1. This is why is never a good idea to centralize powers and decisions on one single person and you always want checks and balaces instead.
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  2.  @theancientsancients1769  I really don't think the channel has dedicated to Turkey a fraction of the videos they have to Argentina or Europe.
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  3.  @selaluoposisisiapapunpresi7982  That doesn't make sense at all... 1. The idea of devaluation was to increase exports. 2. If you want to de dollarize your economy you don't need to decrease the value of your own currency. Probably increase production would had been better (if you're right and Erdogan was trying that, then he is wat more dumb that probably anyone has believed). 3. He messed up hard if the de dollarization lies in Russia (no te best trade situation right now) and China (not the best economic situation right now).
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  4.  @selaluoposisisiapapunpresi7982  > and he was not trying to decrease the value of its currency If he wasn't, Erdgogan is foolish that he looks, since that was the result, at least against USD. > and what i meant with dedollarization is not using dollar as international transaction Good luck with that! On one hand, the actions (and results) don't make sense if Erdogan was trying to do that. On the other, it would take way (WAY) more. Even the african nations that have China as main trade partner use american dollars. Of course, the USD has to lose dominance eventually in some future. But hardly is going to be result of actions like those.
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  5.  @selaluoposisisiapapunpresi7982  > USD will no longer be use in the future Well, even China uses USD when trading... In how many years you expect this to happen and as result of what? > without explaining why it don't make sense Ok. Explain the logic between lowering the interest rates and not wanting the value of turkish Lira to fall as it did? (The Lira probably was quickly sold by investors... This is ironic considering what you expect to happen to the american dollar: The Lira probably lost a lot usage in early 2022). To give you an analogy: That would be like making a huge bonfire inside a house (Erdogan decreasing the interest rates) and when the house starts burning (depreciation of the Lira) claim "Erdogan didn't want to start a fire, he just made this huge bonfire inside the house"... What did you expect to happen? (It doesn't make sense.) > those Lira was already has low value before Erdogan became President Wasn't Erdogan president in 2017?? I checked a chart and, besides the terrible fall in early 2022, it seems to have a trend of losing value at least since 2017. > ts just have high value but with high interest rate Then, wth did Erdogan need to decrease the interest rates in first place? 🤨 If that was the case (the value was just due high interest), it would had fell eventually. Couldn't peole in Turkey buy dollars or did they have a strict control on how much foreing currency everyone could buy like in China? Did Turkey had a law like "all banks and companies have to change foreing currency to Lira" like in actual russia?
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  6.  @selaluoposisisiapapunpresi7982  > nope, maybe with some countries but with my country we didn't use USD Yes it is. Just look for it: USD is (by far) the dominant currency when it come to trade (even trade that doesnt involve the US) and reseve. > i said Lira has already lower value against the USD Turkish Lira has been losing value (at least) since 2017. Erdogan took position in 2014. You're just wrong and the massive lost of value was with Erdogan, and was even worse just this year. And if it already had low value, why devaluate it even more? To make it worthless? 😆 > and its because interest rate was already high back then Just the interest couldn't keep the value high. Even more, why it was losing value if the interest was high? > its not lost a usage Look at any USDTRY chart. It's improbable that it lost value like that while nobody sold their liras. (People must have been selling their liras like crazy for hte chart be like that). I'm sure the average turk still use their liras (they have to pay taxes in Lira, is not like they have options), but for investors (even inside Turkey) and foreing busniess, it had to lost usage after being sold that much. Who would have keep a devaluating currency if they haven't to? > to increase local products also to save local Companies who borrow Lira at local bank LOL. 😆 And then, everybody just borrow Lira that worth way less than a few months earlier. Where are you getting your conclussions? You just conclude what you like? 😆 > idk i'm not a Turkey citizen I see... In ther words, you're just giving opinions from ignorance. 🙄 A law like that would have make sense of decrease the rates without fearing depreciation of Lira. > its doesn't matter, its people income or minimum wages will rise Yes ,it does matter... A LOT actually. Just think: If your wage is raise by a 5%, or even 10%; is that going to help you if the currency (Lira) lost like 30% of it's value. It's common sense. 😆 Why did you think there were protest in Turkey in december - january? Is almost like turkish people felt first hand the nonsense of devaluating the currency and you (who's not experiencing the disaster, since you're not a turkish citizen) claim that everything must be great... Silly turkish people, I guess. Why did they protested? They just need to listen your magical conslusions. 😆
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