Comments by "Samson Soturian" (@samsonsoturian6013) on "Turkey’s Latest Currency Move!" video.

  1. Doubling my short position...
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  2. "Levels of household debt are quite low." How you figure? Most banking in that part of the world are done through hawala (aka loan sharks). People borrowing to buy groceries is quite common even when times are good. These unregulated shadow banks wouldn't be reporting in how much debt they have outstanding.
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  3.  @huytruong2026  Japan is the nation of savers. Most Chinese families and businesses have more debt than is even allowed in most countries (like borrowing 50 years worth of income to buy a house). Heck, the housing crisis with evergande had to do with extreme leverage and hidden debt, not factoring presale of houses which allow real estate agents to leverage to the tits by paying builders with the money from presales (again, not allowed in most countries).
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  4. You have to have money to lend. And as Dima said they'd all just immeidately short the Lira and make an arbitrage profit as inflation covers the cost of borrowing and then some.
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  5.  Yassin Zao  selling bonds isn't selling the country
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  6.  @abdirahmanbadal781  you should talk
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  7.  @VBU09  The word is Arabic. I don't speak Turkish. There's also blurry lines between an actual bank and the hawalas as a large portion of banks in the ME are ma and pa ventures.
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  8.  @VBU09  I said it already: The word Hawala is Arabic and I don't know a word of Turkish. It's still common practice throughout with many Hawalas becoming small formalized banks often with a sole proprietor.
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  9. Con? A Con requires a lie, and there's no lie in inflation.
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  10.  @carly09et  cash is a store of value.
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  11.  @carly09et  dude, inflation happens. That doesn't mean the world is a scam. If you want savings, buy bonds.
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