Comments by "Sedna063" (@Sedna063) on "TLDR News Global" channel.

  1. Names don't change economic fortunes... Only actions do. But those will hurt.
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  2. What good is growth when inflation is eating it all up? Turkey had no growth expressed in terms of dollars. The population has become poorer. Productivity growth has stalled. If you inflate the amount of money in an economy - the growth will automatically happen but it won't be translated into real growth. You don't get to feel the Turkish economy as a visitor. You are isolated from it. You don't have to earn a living in this economy and neither is your pay in Lira.
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  3. Just check the South Korean Won and you are in for a laugh. But no, the fact that those currencies are so low doesn't mean anything. What is important is how much they devalue over time.
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  4. Apples and organges... In Germany and Japan interest rates are low but we don't suffer a devaluing currency.... Therefore there is no need for us to raise rates.
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  5. Yes. I personally am a humanist but I can understand the ruthless behaviour of MBS. The Romans, during a bad time, selected a man to be a dictator (not the bad connotation) during those times to lead decisively. Saudi Arabia had been plagued by a gerontocracy for the past decades with kings who had their formative experiences in the 50s and 60s, who were often very ill and not up to the task to reform Saudi Arabia. MBS is young - he knows the risks continuing like Saudi Arabia did. If he could create a productive economy that would benefit most of the Arab world more then the remittances send back by the brightest and best.
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  6. But that ain't happening though...
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  7. You overestimate how much money is actually made with arms... Arms industries are a high-investment, low export business that touches security and foreign policy. It isn't something you really want to pursue as your nation's only prime export industry. Consumer economies are much better. Built cars, consumer electronics, services... Arms sales are highly problematic in that their development is very costly and forces you into international security schemes you may or may not want to engage.
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  8.  @علي-ش7ث8ب  Where did you study economics lol :))) Any nation is subject to the laws of economics... Financial warfare? More like economic suicide.
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  9.  @ammarkhalid874  I think peasents would disagree about being lucky about being hit by the plague lol...
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  10. You overestimate how much money they could get and underestimate how much money they actually need. Just check out the budget and how much Egypt gets through Suez canal
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  11. No, this just shows that there are stupid leaders...
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  12.  @عبدالله-ن6ه2ص  Thats a very nice and bloomy way to describe massive corruption in FIFA... Anyway, which one is the largest sporting, political and economic event that is hosted in Saudi Arabia? If sports are not allowed for women, why trying to host it? Anyway, for modesty of women often is strict male control over them and despite all modesty, just look at how many women suffer in those countries.
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  13. Cause they have inflation approaching 20-40% and we don't.
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  14.  @HKashaf  Because those countries are not Turkey. They have stable currencies.
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  15. I don't know why you think that.
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  16. Iraq was a crime and Bush deserved punishment but I fail to see Afghanistan as a crime
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  17.  @azoozalmjled6237  Bush is unfortunately not in prison. Anyway, I am not American but my country did not participate. And we respect human rights...
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  18. Or the golfer league LIV. Don't know how that will create jobs. It will just make some golfers very right.
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  19. Why should I buy property in a country that is not mine?
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  20.  @jamescook4402  He is correct and he is right in demanding that Turkey should not become the hotspot for refugees worldwide.
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  21.  @yagiznebioglu1852  Would Turks really let generals ever again dictate the country? I hope not.
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  22. Any European states? I don't recall Switzerland, Germany, Austria... destroying "every" Muslim or African state there is. IIRC the only Arab nations that have been attacked by Western states recently are Iraq and Libya. And with Libya this was decidedly not a poor Libya, bad west situation.
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  23.  @ImranKhan-ty6mx  1) Syria is a civil war. The large scale destruction is on Assad and Russia and the jihadists… 2) What did the West do in Sudan? 3) Somalia? Civil war… 4) Algeria? Civil war, unless you mean the war precedent to independence in 1962. Suffice to say that the problems of today cannot be completely attributed to France. 5) Yemen? It’s Saudi Arabia and UAE that bomb this country to pieces and Iran that supplies the other side. As for Libya - I do remember cheering Libyans in their civil war against Ghaddafi. It’s not as if this was done out of the blue… Really, most of your mentioned countries are homegrown problems. Not the result of foreign interventions.
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  24. He can't just stop an election mandated by the constitution.
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  25.  lionpro  Not that simple but in essence, this is the idea.
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  26. Sure but Turkey doesn't compare itself to Nigeria, does it
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  27. Since when does Erdogan control the English language?
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  28. Thing is, I don't want to engage further with China and we definitely need to coordinate with the US on China. You guys steal tech all the time from us.
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  29. Well - many countries have the death penalty. Although no European country save Belarus - so the only western country with the death penalty is the US; and many states there have abolished it.
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  30. Maybe because the English language doesn't contain Umlauts and the country of Turkey doesn't control the English language...
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  31.  @MenaceGallagher  Which English word contains an "ü"? As a German speaker, never found one. Frankly, what the Turks want to be called at an official level is something entirely different to what any given language calls a land.
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  32. Erdogan won the last elections with close margins and that was when the economy was stronger than today. He won 52% of the vote in 2018. To say that he will win with at least 55% seems unlikely.
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  33.  @smesui1799  I have. Doesn’t look too shabby to me.
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  34.  @smesui1799  So tell me what's wrong?
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  35. Because US debt can be financed. And people still buy the dollar.
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  36.  @Hundt453  True but it has expenditures that require a much higher oil price to break even.
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  37.  @ThinkTankWolf  The quality of education isn't all that good though. PISA 2018 saw Saudi students score: -399 in reading, far below the 487 OECD average. -373 in Maths, far below the 489 OECD average. -386 in Science, far below the 486 OECD average. The differences between boys and girls are drastic - the 3rd largest in all surveyed countries. In total, the Saudi educational attainment in PISA ranked below Peru, Thailand, Colombia etc... The best performing countries all came from Europe and East Asia. No middle eastern country scored higher than UAE (rank 47) and Saudi Arabia ranked 70th of all surveyed countries. And as for the PhD programms, IIRC most of those are in religious studies - hardly good enough to develop a modern economy. And comparing to North Africa - come on man.
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  38. How has it proven to be the best? We get the boosters because of variants…
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  39.  @jvs333  Actually we don’t hear about issues because they are most likely suppressed. Cause China would never report about issues with their vaccine. And no, this does not make it the most efficient and best vaccine… Maybe they ought to release their data; they don’t though. The old trope of „anti-China biased media“…
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  40. My Godfather works for a large German export company. Although they don’t have a large presence in Saudi Arabia they have some presence there and want to increase business (they produce bull bearings for large machinery like wind turbines and other gear). They prefer to hire women in the Arab world (they have larger presence in other Arab countries) because they are the better workers. They are on average more educated and they make for better employees. They tend to be on time, are more thorough in their tasks and demand significantly less pay. Sounds sexist but Saudi men don’t have a good reputation in private sector employment. Women however see any employment as an opportunity for them and are much more motivated. Companies want the best bargain for employees. And women are a better bargain for many companies nowadays. Anyway, what do you think about the changes in your country?
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  41. Turkey doesn't import all that much from US.
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  42. Do you think that impresses us? The economy is not in good shape. Unemployment is still very high and inflation causes swaths of Turks to become poor. RTE isn't one of the best leaders in the world. Who told you that? Many places are very beautiful but they economically suck.
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  43. How will they work without fuel
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  44. Why would you take Istanbul?
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  45. The thing is, those developed countries have a lot of assets and their citizens have a lot of wealth that could, in theory, be taxed to pay off the debt. Most of this debt is also held by the citizens of the same country, meaning that they have little to no foreign creditors that would be interested in getting their money back immediately - citizens typically want their state to continue and hence won't stop financing it. Those low interest rates are there to encourage growth and get a modest level of inflation (because inflation is better than the opposite, deflation). Those European countries have a lot more wealth than Turkey (especially western European countries).
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  46. Turks living abroad gave some 59% to Erdogan. The difference was some 700,000 votes. Not enough.
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  47. Actually not according to the polls. There several politicians have overtaken him.
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  48. We know what’s inside…
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  49. That sucks for him though because economics aren't interested in religions.
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  50. I got no problem sending back the Syrians to Syria. Could start tomorrow... I am a western liberal by the way, not an idiot.
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  51.  @_DJ_07  Turkey got enough cheap labour as it is.
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  52.  @maheshrathod204  What sanctions are there on Pakistan and Turkey that hinder economic growth? I am from Europe.
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  53.  @maheshrathod204  So right now, no sanctions on Pakistan right now. Sanctions on Turkey are limited...
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  54.  @عبدالله-ن6ه2ص  Nope. NATO is a 70 year old alliance between the US and most of Europe nowadays. Saudi Arabia cannot establish a NATO in the Middle East - at least not in 24h.
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  55.  @darkfool2000  The problem isn't that Saudi Arabia doesn't have oil or can't produce it at profit. The problem is that Saudi Arabia cannot produce that oil at prices that would balance the budget. Saudi Arabia has had massive population growth over the past decades and pil prices have grown with it so that the country could finance the lavish lifestyle of its citizens. In the future, population growth, costs of medicines etc... will increase while oil revenue will be stable or perhaps decline. So either Saudi Arabia massively cuts spending (which would be deeply unpopular and risk the dynasty of Al-Saud) or they find additional income and reduce the drain on the state budget by finding private sector jobs, that can be taxed. Most oil is used for transportation. 42% of all oil is used for light vehicles (cars); then freight trucks (11%) and aviation (6%). Global shipping only takes up some 1% of oil consumption (and they can use any oil residues they want for that). Only some 30% of oil is used for non-transport application. So in the event we massively increase electric transportation as planned within the next 20 years oil consumption will reduce. And in many nations already, oil consumption is stagnant and even declining despite economic growth.
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  56.  @darkfool2000  Mate, I do understand and I explained it above. Saudi Arabia may have very low costs of production - that much is true. However, Saudi Arabia cannot afford the lifestyle it currently has at low oil prices. If the oil price is at 40$ a barrel - they make 20 dollars profit but it won't be enough because they need oil prices at 90 dollars to cover all their expenditures. That is the big problem. The state cannot afford the current system anymore in the long run. That's why they do what they do. Asia will also turn to electric cars. China is poised to grow massively in the electrics market, other nations too. Sure, the Saudi military is crap - we all know that. Yet there are only 2 countries that could conquer it - USA and China. And others could waste it with nukes but nobody would. The main security concern for the Saudis isn't a conventional war with Iran - their military is even crappier than Saudi Arabia thanks to the lack of modern technology. They fly F-14 without updates for crying out loud. The Iranian problem is ideological and hybrid warfare.
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  57.  @darkfool2000  Saudi Arabia will not fail exports - people will demand less oil because they have non-oil alternatives! That is the problem Saudis are facing. They won’t run out of oil, they will run out on costumers. China doesn’t really burn oil. It’s too valuable. They mainly use coal. And they wanna grow in renewables to get rid on foreign energy dependences.
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  58.  @darkfool2000  Are you even listening to me? It’s not about whether they can or cannot pump oil. I have stated repeatedly that they can pump oil to the last day we need it. What you don’t seem to understand is that oil prices will not be enough to balance the budget for Saudi Arabia! If their competitors are priced out of the market - it means that the oil price is too low for most to produce. Meaning that KSA can produce for profit but otoh said profit will not be enough to cover the budget as it used to do. Again; I know they are the low cost producer. I want you to understand that at low prices Saudi Arabia cannot balance the budget and pay for all the goodies they currently have. And if they raise prices others will join production again. They don’t set the price. Oh, I can definitely tell you that. China uses mainly coal (62%), Hydro (17%), Wind (5.5%) and nuclear (4.5%) and solar (3.5%). Natural gas is only 3% and oil is used in so little quantities that it isn’t ranked at all. Sure, you can’t reach autarky. But better to import one ship load of lithium than 10,000 supertankers. And China can source Lithium from their own country.
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  59. Doubt it. A city isn't just formed by decree and buildings.
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  60. The EU inflation is currently some 5% or so. That is bearable. Yours is 20% for years now. Our inflation is also because of the high demand for goods that cannot be adequately served now due to reductions in capacity due to covid. Yours is because of failed economic policies.
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  61. I don't. I dislike him. Plus, accurate news reporting should not be mistaken for hate.
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  62. How do you claim „jealousy“? Anyway, India is by far not perfect but in general India respects human rights. There is little censorship, people can freely publish and voice their opinions on matters they want; women have had a much higher legal status etc. and I never saw Youtube vidoes about Myanmar economy
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  63. Yeah sure... Even the US is subject to economic laws and logic. No bank in the world operates without interest rates - sure, Islamic banks don't call it as such but the cost for borrowing money with them is equal to interest rates...
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