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Turkey On Brink Of Full-Blown Currency Crisis Amid Epic Erdogan Belligerence
The Turkish lira came into the week besieged. And by that, I mean it's riding the longest losing str
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Poor Turkey. Had so much going for it. When government is bad, it’s really damaging to a country and it’s people.
This is an example of why the status of the USD as the world’s reserve currency is not going to be challenged soon. Turkish families are hoarding USD. The smart ones, and there are plenty, have likely been moving as many lira into USD as they can these past months…and years. There is a demand for USD internationally that we do not witness, living in the US. When there’s a crisis, everyone wants dollars.