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Author Topic: TURKISH ELECTIONS ARE... Over. All is lost. (TurkePol Thread?)  (Read 13051 times)

Loud Whispers

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Re: TURKISH ELECTIONS ARE... Over. All is lost. (TurkePol Thread?)
« Reply #225 on: September 28, 2023, 06:05:28 am »

As you may or may not know, bottom man are exempt from militiary service. You know why. The whole "unmanly" shtick. Tops are allowed though. So it is pretty much the Greek point of view.

The exemption previously required photogtaphic evidence; You essentially had to show a bunch of militiary doctors porn of you getting fucked in the ass.

But nowadays it has been reduced to a "pschological evaluation". With that I mean you and your family answering incredibly invasive questions such as the kinds of toys you played with in your childhood or if you use perfume or not. Questions to "determine" if you are a bottom or not. Which is bullshit, as you can tell.

And as you may or may not know... I am queer. I am planning to dodge the draft by being me. I have 0 respect or compassion for the militiary. I hate the idea of toiling under it.

Now, should I enter the evaluation? I am not effeminate at all. I am actually gender neutral on most regards. Being me is probably not enough for me to pass as a gay bottom.

Or should I fulfill the... older requirements?~. As a treat?

We all know why this rule exists. All man on the top most be bottoms themselves and they must be trying to eliminate the competition.

...

They have no words to label me. They have no concept to describe me. Their pathetic little framework falls apart at the sight of me. I am neither of the two things they use to describe the likes of me. Me. Me. Me.

I am the natural consequence of nature that they call an abberation. I am the living, breathing personification of the words "the nail that sticks out". I am the grim reminder that all they think they know and have been believing for millenia are all false.


Yea. I am all that. Any objections? Cool.
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Magmacube_tr

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Re: TURKISH ELECTIONS ARE... Over. All is lost. (TurkePol Thread?)
« Reply #226 on: May 15, 2024, 05:12:56 am »

So one $ equals 32.27 ₺ now.

FUUUUUUUUUCKKKK
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McTraveller

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Re: TURKISH ELECTIONS ARE... Over. All is lost. (TurkePol Thread?)
« Reply #227 on: May 15, 2024, 09:32:39 am »

Needs more context... what was it yesterday? Is this a big change? Related to the trade embargo with Israel?  Is there something special about the 32.27 number specifically?
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Magmacube_tr

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Re: TURKISH ELECTIONS ARE... Over. All is lost. (TurkePol Thread?)
« Reply #228 on: May 15, 2024, 10:10:24 am »

Needs more context... what was it yesterday? Is this a big change? Related to the trade embargo with Israel?  Is there something special about the 32.27 number specifically?

IIIINNFLATIIOOOONNNN
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Maximum Spin

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Re: TURKISH ELECTIONS ARE... Over. All is lost. (TurkePol Thread?)
« Reply #229 on: May 15, 2024, 12:06:50 pm »

It's not really anything new over the last several months - in fact it seems to be down a little from the peak - but it's a huge increase above the historical average of about 2ish. Most of that increase is just over the last couple of years.

Due to excessive foreign exchange liabilities because of its high foreign investment, Turkey basically has no ability to defend its currency against the rate increases the US and EU - two of its most important trading partners - have used to defend theirs. Its prime rate is at 50%, which is already insane. Raising interest rates more will only exacerbate the structural problem. In broad terms, developed countries have been exporting their inflation to emerging markets by raising rates, which has the effect of pulling their own currencies back into the domestic market; foreign currency denominated debts (dollar denominated debts being the most significant in most of the world) in emerging markets still need to be serviced with those currencies which are now more difficult to come by, so the price of foreign currency in the local currency, the exchange rate, increases. Turkey, like most emerging markets, has a huge amount of foreign currency denominated debt, mostly in dollars - a net position of something like nearly $100 billion over its foreign exchange reserves.

Well, Turkish corporations with dollar-denominated debts have no choice but to buy dollars with lira to service those debts, at pretty much whatever price they have to, so the exchange rate gets worse. They also have a negative balance of payments - Turkey imports more in real terms than it exports, which exacerbates the problem - the only reason to hold lira, after all, is to buy something in Turkey; they don't use them anywhere else. So Turkish exporters, who buy in lira in Turkey and sell in foreign currencies elsewhere, are the natural counterparty for both Turkish importers and anyone else trying to exchange lira for dollars (like those debtors).

As long as Turkey needs more foreign currency to cover its costs than others need lira, that exchange rate naturally ratchets up. Historically, though, that has been counteracted by worldwide low interest rate policy, especially in the US, so foreign currencies like dollars keep being printed and pushed out into the world fast enough to keep countries like Turkey in the money... but we stopped doing that in 2022. So on net, to keep covering those costs in foreign currency for both imports and debt service, Turkish corporations have to sell more and more of Turkey's real wealth out of the country, strangling its economic growth.

There are drastic policies the Turkish government could take to prevent this, but I wouldn't hold my breath - and nothing can prevent Turks from taking a quality of life haircut on average due to the cost of imported goods, on which they continue to rely. It's only a question of how much.

Reading the tea leaves a bit more deeply, though, I think this could lead to a rapprochement between Turkey and Russia... if Turkey can negotiate a low price for Russian fuels, which are a large proportion of its import needs, it would go a long way to seriously turning around its problems. The geopolitical implications, though, are, uh... considerable.
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Magmacube_tr

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Re: TURKISH ELECTIONS ARE... Over. All is lost. (TurkePol Thread?)
« Reply #230 on: May 15, 2024, 03:04:09 pm »

-snip-

Wow, you are like, really smart. Anyways, I will now proceed to cry rivers over inflation.
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saki

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Re: TURKISH ELECTIONS ARE... Over. All is lost. (TurkePol Thread?)
« Reply #231 on: May 17, 2024, 02:36:37 pm »

So one $ equals 32.27 ₺ now.

FUUUUUUUUUCKKKK
you should be happy man. it is just 32.24₺ now :)
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Magmacube_tr

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Re: TURKISH ELECTIONS ARE... Over. All is lost. (TurkePol Thread?)
« Reply #232 on: May 17, 2024, 04:16:55 pm »

So one $ equals 32.27 ₺ now.

FUUUUUUUUUCKKKK
you should be happy man. it is just 32.24₺ now :)

Hayır.

Anyways, now its 32.21 ₺. Weird.
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Starver

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Re: TURKISH ELECTIONS ARE... Over. All is lost. (TurkePol Thread?)
« Reply #233 on: May 17, 2024, 04:32:50 pm »

Not quite the pre-2005 era.

That was when the revaluing basically invloved removing six zeros from everything. I remember "Who Wants To Be A (Turkish) Millionaire" competitions where the prize was a (very affordable!) million contemporaneous Turkish Lira. Possibly, even more than tourism (you probably would be advised to arrive with travellers'-cheques or well-supported plastic that'd charge you the conversion rate as of the moment of any purchase or cash-withdrawl), one of the few positive currency trades at the time.

Compare prior with post.

But of course that's not to minimise the current curve of the graph, as per any of your favourite currency converter graphs.
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Magmacube_tr

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Re: TURKISH ELECTIONS ARE... Over. All is lost. (TurkePol Thread?)
« Reply #234 on: May 18, 2024, 04:57:19 am »

Yea I know what. My parents still call one lira a million out of habit.
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