Post
Topic
Board Economics
Re: Turkey’s economic crisis can trigger the next crypto bull run
by
Maestro75
on 30/08/2018, 06:20:10 UTC
Turkey's economic crisis, like venezuela's, might be traced back to overprinting of fiat currency.
Even the Petro crypto has not helped Venezuela out of her woes. Her citizens are leaving in large numbers to neighbouring countries for better economy.


If accurate, it could mean that every major nation on earth will experience this form of economic crisis inevitably as the united states, european union and major nations are all overprinting increasingly large sums of fiat in an effort to stave off deficit and debt.
Zimbabwe is another case to mention here and how her currency has gone under and weak due to over printing. The country's past dictator and president, Robert Mugabe lost control of the economy. May be the new president can do better. Time will tell.


Sorry to say the sky is blue and water is wet but this does appear to be a somewhat neglected issue.
This is true.