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Post by arnewise12 on Jan 18, 2009 1:21:25 GMT 3
why do turkeys economist fail to hold down the inflation, I remember I was in side turkey in summer, the moneys value dropped dramastic during that time, why do the economist fail to keep the inflation at low
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Post by H. İhsan Erkoç on Jan 18, 2009 1:40:50 GMT 3
I don't know, I am very bad at Economics stuff ;D ;D
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Post by ALTAR on Jan 18, 2009 11:26:23 GMT 3
There are many reasons economic crisis in Turkey: - Speculators in IMKB(Istanbul Menkul Kıymetler Borsası- Official Stock Exchange of Turkey) who are mainly from foreign countries or their representers direct money traffic.
- Turkeys currency value in all finance is dependent to U.S Dolar. So when US dollar decreased, Turkish Lira is also decreasing and it has many negative aspects on Turkish economy (like inflation, budget deficit etc.) - Foreign Investments are used Turkey for acquitting and earning more money because the interests are so high in Turkey than Western Countries. Financial Companies, Banks are also bought cheaper by the Foreign Investments.
This is the picture of Turkey in the economics. A country which is inability to have their own investments and financial companies. The only responsible from this situation is our governments who are puppets of the foreign forces.
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Post by arnewise12 on Jan 21, 2009 0:56:25 GMT 3
I dont think the picture of turkeys economy is what u pictured it to but thats leads to the question, would have turkeys economics been better with more investmens in eastern part,
and other things, is it true that there are oil in the most eastern part of turkey.
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Post by ALTAR on Jan 21, 2009 1:50:54 GMT 3
You' re free whatever you want to believe. Please read this analysis. grandstandingtraction.blogspot.com/ Ughh! Turkish Investment Copes With The Global Crisis 19 September 2008
With nothing good to talk about these days on the global front, the question needs to be asked, "Who are going to be the last ones standing?" Lehman bankrupt, Merrill Lynch helped out by Bank of America, Morgan Stanley and WAMU looking for buyers, the US bailouts of Freddie Mac, Fannie Mae and now AIG - these past weeks have left everyone in awe of the historical proportions. Historic in the sense that the government is stepping in and stewarding companies - historic in the sense that the government has put a hold on all short selling - historic in the sense that people are drawing comparisons and even mentioning the Great Depression! You have to ask yourself, when was the last time any of this happened before? Next we need to ask, "Who is to blame?" Is it the simple prudent investor who couldn't pay his morgage? Is it the lender who kept adding the tightly-wound-up deals to the portfolio? Is it the leveraging of that risk to others that maintained the confidence? Somewhere the fundamentals told us to take an extra step and put an extra risk-free card on this house of cards.
So I figured I would revert this post to somewhat of a newsletter format to let the reader browse and drill down through the applicable and relevant news regarding Turkey. News is provided courtesy of the Turkish Daily News. Here goes:
Turkish economic growth slumps to slowest in six years
Turkey's economy grew at the slowest pace since the country emerged from a recession six years ago as higher interest rates and the threat of political instability hurt consumer spending. Gross domestic product growth slowed to 1.9 percent from a revised 6.7 percent in the previous quarter, the state statistics office in Ankara said yesterday. The pace of growth in the European Union membership candidate slowed as the global credit squeeze damped demand in export markets and the Central Bank added to the cost of borrowing.
Corio cancels $1 billion-worth of investment in Turkey
Corio NV, the largest Dutch developer, will drop plans to develop $1 billion-worth of shopping malls in central and eastern Turkey, and focus instead on the country's biggest cities.
R&D spending puts Turkey on the map
Turkey ranks 25th out of the world's 41 highest-spending countries on research and development, a recent report revealed.
Urla to have its Silicon Valley
İzmir's Urla district is about to become a leading spot for Turkey's technological developments, as a French firm, CICOM, which supports technology zones in different countries, signs a contract with the Institute of High Technology to make 4 billion worth investment.
Tekfen sells 50 percent share to Palmali-Socar
The partnership between the Azerbaijani Palmali Company and Azerbaijan's State Oil Company, or Socar, has bought 50 percent of the construction arm of Tekfen Holding A.Ş., a Turkish builder and power generator, for $520 million.
Turkish businesses on alert over global crisis
The United States credit crisis, which is having an increasing impact upon the global financial community with each day, has recently become a top priority on the Turkish business world's agenda. As the U.S.-born crisis spreads through Europe, officials are also keeping a close eye on the Istanbul Stock Exchange, which has lost approximately 15 percent of its value in the last five days.
Eastern parts of our country are necessary for agriculture and stockbreeding, not for heavy industry. You should look out the transportation expenses We heard news about the oil reserves in the east but I personally dont think that these reserves can be enough for our own consumption. If it has enough reserves, There would be no possibility to use them for us because of the protocols btwn Turkey and USA in 1950's.
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Post by arnewise12 on Feb 9, 2009 1:08:45 GMT 3
What protocol, what did the yankees say this time, that turkey is forbidden to use its own oil reserves, d**n yankees
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Post by ALTAR on Feb 9, 2009 10:08:10 GMT 3
What protocol, what did the yankees say this time, that turkey is forbidden to use its own oil reserves, d**n yankees In 1950's there was Democrat Party in the government of Turkey. Democrat Party had been a close ally of U.S.A so U.S.A sent to Turkey economic, military aids against Soviet Russia. However, these aids weren't worthless. Although the opposition parties refused, Democrat Party signed a protocol with USA. It contains that Turkey transferred some of his rights to USA in the petrol, gas, mines and other resources of Turkey.
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Post by arnewise12 on Feb 9, 2009 23:49:27 GMT 3
too bad, its typical us and a to try to own everything, thought its not their own fault, its the capitalist system, hehe, I sound like a commie but I am not, its better that a democratic state like Usa is the superpower of the world than soviet or china, it would be worse with soviet or china as superpowers, cheers
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Post by hjernespiser on Feb 10, 2009 7:18:29 GMT 3
too bad, its typical us and a to try to own everything, thought its not their own fault, its the capitalist system, hehe, I sound like a commie but I am not, its better that a democratic state like Usa is the superpower of the world than soviet or china, it would be worse with soviet or china as superpowers, cheers I doubt it has much to do with capitalism. Many states in times past sought to secure certain resources for their populaces regardless of their economic system.
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Post by arnewise12 on Feb 13, 2009 1:49:06 GMT 3
what makes u a expert in capatalism, the current economic system regardless of past systems are built on imperialism, meaning not the imperialasm coined by the communists, but meaning that all the worlds countries cant have equal consumtion based on that there must be some block that is using other resoursec to gain more advanced techonology than others, for example the us and the a is trying to get as much reasources as possible to expand its economy, as quick as it stop does to do that than the american empire falls, just like the romans did, if u stop expanding u sooner or later will fall or someone else will take your place, just look what happend to the britons empire, they stopped expanding and didnt have enough power even to wrestle out the commies in russia , they could have invaded central asia then there was civil war after the russian revolytion but they didnt because they diditn have the money enough or lacked the will, if they knew there was gas and oil sure they would have but thats is history now.
Former economics is based on a loose form of capatalism to , or trade system, the one with the most recourses has the best opporutnity to expand and maintian controll of the economy, former economics is a precsessor of capatalism if u have read history or u seem to forgett that technology and knowlegde is something that is develpping constatnly and so is the former economic systems.
I am not a commie and I dont support a kommunist economic system. I am myself a pro capatalist. I am not anti-american either, but one thing is for sure u must face the bi effects of what the system is doing and not to say that everything is ok. What makes us different from former systems is that we have democracy and the freedom of speech to critisics , u see to have forgatt that part.
If u take a look at ecomomic past and how it has evolved until recently u will sure notice that the empires that has keept the power used two methods to gain power and economic power, one is divede and conquer by the romans that allmost every emprie and still todays emprie is using to maintain its population with cheap resources.
if u want to talk more please send me a pm to my profile and we can talk more, I am not saying I am a expert but still if you want. peace out
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Post by H. İhsan Erkoç on Feb 13, 2009 1:57:36 GMT 3
I think you should write English in a more proper way. This is not a chat forum.
From now on, I do not want to see slang language and chat-style posts in this forum. This goes for everyone, including the Staff.
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Post by hjernespiser on Feb 13, 2009 9:43:17 GMT 3
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Post by H. İhsan Erkoç on Feb 13, 2009 13:00:53 GMT 3
P.S. Ihsan, is this too chat-style? I'm not sure I understand what is meant by chat style. Oh no, not yours of course By "chat-style", I mean using extra-shortened informal versions of words and slangs, like some members do here.
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Post by arnewise12 on Feb 13, 2009 14:18:08 GMT 3
is it me than, if its not me than it must be me right, I dnt knwo whtat u mean, how do I write in a chat and slang way, I thought I wrote in a proper way anyhow
what does extra shortened informal version of words and slang mean, is it something that I use, or what ?
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Post by arnewise12 on Feb 13, 2009 14:25:26 GMT 3
Please read my post before posting another one. I just said for example the usa. What I am trying to say is that every country on the planet is trying to secure raw materials, its not something the usa does on its own, china is trying to be the next soviet but with a capitalistic economic system mixed with commando economy. China is more desperate when it comes to raw material seeking than the usa but they are still behind the usa when it comes to deals of raw material.
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