Turkey commting assisted economic suicide?

[royal744]

The thing about NATO is that, it is mainly a US vehicle for domination & control of Europe under US hegemony. That is the likely leading reason why France left NATO, although remaining a kind of close ally. And you also need to ponder, what actually is the likely threat to Europe that NATO is actually defending against. Then one might get some light on the reasons for France leaving.

France never left NATO, but it did change the command relationship between France’s armed forces and NATO back in 1966. It is a part of NATO today and FRance was one of NATO’s founding nations.

 

[royal744]

That's a personal opinion ... when France and UK were making a mess in Libya Obama didn't move a finger ... not showing to be that rational ... moreover there are not a few questions about how Mrs Clinton managed that crisis ...

There are no questions about how Mrs Clinton managed the crisis. Lots of questions and testimony and not a single charge or conviction about anything.

Let’s see, how many indictments for Senor Trump’s side so far? Can’t even count all the unsavory stuff that guy has left behind him in a monumental chaotic mess. I guess that’s ‘history in the making’.

 

[Dreamhunter]

You have got to be kidding. Jared Kushner knows NOTHING about anything. He is the poster boy for why it is incredibly stupid to hire family members to run a government. Good lord, get a grip.

Gotcha. Big time.

That was really a trap. And you so keenly took the bait.

Thanks for the confirmation. I just needed to hear that from someone much more in the know than I myself. Like, needed to hear it from the horse's mouth. Well, almost.

 

[royal744]

Perhaps the comparison would only be truly in parallel if Trump is elected by a majority as many times as Erdogan...

This of course will never happen. Trump lost the last election by nearly 2,000,000 votes. In a fair world, Hillary would have been our president and we wouldn’t be in the mess we are now in.

 

[Willempie]

This of course will never happen. Trump lost the last election by nearly 2,000,000 votes. In a fair world, Hillary would have been our president and we wouldn’t be in the mess we are now in.

Yeah the US economy is really tanking

Plus Trump makes the dems focus on him in stead of coming up with more silly legislation


But back to the subject matter: Bloomberg - Are you a robot?

 

[Dan Howard]

Yeah the US economy is really tanking

[cross-posted from another thread]

record levels of credit card debt
record levels of auto loan debt
record levels of student loan debt
record levels of medical debt
record levels of retail store closures
record levels of suicide
record levels of drug addiction
record levels of obesity
the highest levels of agricultural bankruptcies since the GFC.
the average wage earner unable to afford a house in 70% of the country
around 75% of the population is living paycheck to paycheck.
around 75% of the population is in debt and half of those think they always will be.
around 70% of the population has less than $1000 in savings and 39% has none at all
around 22% of the population can't afford their monthly bills so are using credit just to meet the basic costs of living.

And this hasn't touched on the pension fund and social security insolvencies.

If the economy is going great with this "full employment" nonsense then the above is as good as it can get. Imagine the above stats when the next downturn hits.

 

[Dan Howard]

If the debt conditions preceding the last three recessions are any guide, the US is about to have another one (the grey areas are the last three recessions). A trade deal with China might stall it for a while but indefinitely.

 

[Dan Howard]

Back on topic: this is a decent summary of the current state of economic affairs in Turkey
Turkey’s debt-ridden Treasury mulls risky steps to stay afloat
Bloomberg - Turkey burns bridges with markets

Add to this the fact that foreign investors are pulling out.
Don’t invest in Turkey, Saudis warned

And the US is taking away the F35 program
US blocks Turkey from F-35 fighter program
Is Erdogan’s trust in Trump in the S-400/F-35 standoff misplaced?

 

[Willempie]

[cross-posted from another thread]

record levels of credit card debt
record levels of auto loan debt
record levels of student loan debt
record levels of medical debt
record levels of retail store closures
record levels of suicide
record levels of drug addiction
record levels of obesity
the highest levels of agricultural bankruptcies since the GFC.
the average wage earner unable to afford a house in 70% of the country
around 75% of the population is living paycheck to paycheck.
around 75% of the population is in debt and half of those think they always will be.
around 70% of the population has less than $1000 in savings and 39% has none at all
around 22% of the population can't afford their monthly bills so are using credit just to meet the basic costs of living.

And this hasn't touched on the pension fund and social security insolvencies.

If the economy is going great with this "full employment" nonsense then the above is as good as it can get. Imagine the above stats when the next downturn hits.

Better try Bloomberg or U.S. Economy at a Glance | U.S. Bureau of Economic Analysis (BEA) in stead of the Guardian or some such.

Much of what you listed (the economical ones in particular) has been the case since the late 70s. One of the core problems (as in most western nations) is that a lot of money is being spent on people in adversity, but while it helps it also creates dependency, meaning that when the money gets less there will be problems (not to mention a drain on the working class). With regards to suicide, drugs and obesity. The latter has been a problem for as long as I can remember, drugs has gotten worse in the last decade and suicide is finally becoming an issue with more focus on veterans. It doesn't help though that certain states care more about their illegals than about their homeless.

 

[Willempie]

Back on topic: this is a decent summary of the current state of economic affairs in Turkey
Turkey’s debt-ridden Treasury mulls risky steps to stay afloat
Bloomberg - Turkey burns bridges with markets

Add to this the fact that foreign investors are pulling out.
Don’t invest in Turkey, Saudis warned

And the US is taking away the F35 program
US blocks Turkey from F-35 fighter program
Is Erdogan’s trust in Trump in the S-400/F-35 standoff misplaced?

Erdogan has really dug himself a sh*thole. And all the countries that could help him he has antagonized so much that they wont help or the price will be really high.