Commercial Break... From The Curvedmind... Hello Turkish Visitors,
I’ve noticed a surge in traffic from Turkey lately, so I’ll write a short note for you guys.
First, you’re doing well.
Second, continue what you’re doing.
Third, perhaps lower the rhetoric just a touch.
The de-dollarization process can be painful in the short term. You must reject IMF entreats; and spurn experts who advise raising rates and capital controls.
Take the Pain: The avoidance of pain is the father of suffering.
The State should be the sole buyer of any Gold mined within the territory of the State; paid with Lira. This approach implies the Lira is backed by Gold.
When Putin says so, default on the $ loans: I’d like the blood flow cut-off before amputation.
Yours,
Putrid
Edit: Oh and … eh … this might be a little late … but
You did take out Lira loans and buy some Bling, right?
OK Capitalists, Let’s analyze the Lira – Gold Daily Chart: 6,400 to 8560 in the last three days. 33 percent … not bad.
If the Turks default, which I’m assuming is their game plan: banking exposure is Spain 36, France 16, USA 8, UK 8. Am I right? Hope so.
Now, many of you players are taking out domestic debt for Gold.
You gotta time that sh*t.