As Lira Implodes, Turkey Proposes Huge Fines For “Hoarding”

December 15, 2021   |   Tags: ,
As Lira Implodes, Turkey Proposes Huge Fines For “Hoarding” On one hand Turkey’s currency is crashing because the country’s ruthless despot refuses to allow higher interest rates (in hopes the ensuing hyperinflationary collapse will cover his pillaging of Turkey’s wealth as he will simply blame “foreign financial terrorists” for what has been the biggest heist of Turkey’s wealth in modern history). And sure enough, the TRY fell another 2.75% today to a fresh all time low ahead of tomorrow’s insane rate cut by the Turkish central bank which will send the lira plunging even more in the coming days and...


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