lira

Authored by Serban V.C. Enache via Hereticus Economicus:

Joseph said to "watch Italy," and the latest currency moves in that country, plus Russia and China, provide some data for some high octane […]
The post NEWS AND VIEWS FROM THE NEFARIUM JUNE 6 2019 appeared first on Giza Death Star.

Many people sent this story in, and for good reason. I said a few years ago when all globalist eyes were adoringly fixed on […]
The post WATCHING ITALY AS ITALY WATCHES ITS GOLD appeared first on Giza Death Star.

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the weakening Turkish lira which dropped more than 2 percent on Tuesday, after reaching 5.6125 against the US Dollar. Lira volatility comes after the United States halted delivery of equipment related to the F-35 fighter aircraft to Turkey.
Erdogan continues to push forward with the purchase of Russian S-400s, against US and NATO warnings to halt the order of the advanced Russian air defense system.

As the Turkish Lira collapses, sending emerging market economies into turmoil, Russia is being slapped with additional US sanctions dubbed the US Congress ‘bill from hell’.

According to Zerohedge, just when you thought Turkey’s moment of agony couldn’t get any worse, it got much worse, when watching the collapse of the Turkish Lira and sensing perhaps that Erdogan’s end is near, President Donald Trump blindsided the NATO member state with a tweet, announcing that he is doubling Turkey’s steel and aluminum tariffs to 50% and 20%, respectively. Why?

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Mr. F.L.M. found this article over at Russia's online English language Sputnik website, and it's worth passing along as the eurozone continues to teeter;…
The post ITALEXIT NEXT? appeared first on Giza Death Star.

A major factor in pushing Turkish President Erdogan’s government towards rapprochement with Russia rarely gets discussed.  This is the rapidly deteriorating state of the Turkish economy.
At a superficial level this deterioration is reflected in the performance of Turkey’s currency, the lira.  It lost 17% of its value in 2016, and a further 12% of its value in January of this year.