Comments by "Kristopher Driver" (@paxdriver) on "Turkey’s Latest Currency Move!" video.

Wouldn't it make more sense to open hedged short positions for savings deposits? Instead of printing cash or promising to if the lira falls you'd only pay the spread without having to pay out massive savings rates in the event of volatility. If the lira falls the hedge pays the interest on account. If the Lira rises the gov't just carries the short indefinitely and pays for it in an annual tapered bond auction by volume. It's way more stable and cost effective than just promising print money to pay savers hoping it slows the decline while turkey actively applies downward pressure on the currency with promises of further printing.
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@vishalsanjay4017 not if it's already in freefall. Other market brokers aren't allowing shorts on the currency so it's falling based solely on speculation and capital flight, not short order executions. The dynamics are atypical here.
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