Turkey is facing a currency crisis.  The expectation is that the currency crisis could get worse.  Turkish currency LIRA plummeted after President Recep Tayyip Erdogan.

Erdogan has a longstanding approach in keeping low interest rates, and has replaced 3 central bank governors over the past two years to get things going his way. The consequence is the now Inflation of LIRA at nearly 20%; however, in this recent speech the president praised the Central bank having cut interest rate over 3 times over the past several months.

This is a situation where the Central Bank has no effective Monetary Policy where the “deepening vicious cycle of dollarization/currency mis-matches/inflation.” This reportedly is due to the “the inevitable consequence of Erdogan’s war on rates.”

However, Erdogan insisted that staying the course is important to achieve growth and to cut inflation. “That’s why we pay no attention to the clamor of the doomsayers,” thus, deriding critical economists as “global financial acrobats.”

While Erdogan considers this to be a victory, economists see the worse coming for the country’s domestic currency LIRA.

Michael Saylor expressed:  Checklist for a currency crisis: Convert weak currency (TRY) to strong currency (USD). Convert analog currency to digital currency (Stablecoin). Convert analog property to digital property (BTC). Take custody of your digital currency and digital property.

Happy Thanksgiving. Buy Bitcoin.  Don’t be a Turkey.

Community reaction: The elites know they have lost and that the chess game is over.  The Awakening is under way, but there are still a few moves left on the board.  This ClimOvid nonsense is one of those desperate but moot moves.  Bitcoin is a calm preparation for a wonderful new world to come soon.

Question is how long before the dollar goes? I think a world stable coin is not such a bad idea. I know this triggers people but in the long term especially for the young ones I think it might be best. People fear what they fail to understand.

The government has no choice but to transform if every citizen opts-in to Bitcoin.  We’re at (financial) war, fighting against a broken monetary policy that is purposely designed to keep people ignorant while simultaneously milking them dry.

The trend now is to dump dollars and buy bitcoin.   Stable finances and stable income can allow us to enjoy a more stable and better life.

Some were like:  Turkey is now using the dollar? Oh! Thank God. Maybe that will relieve some of the inflation pressure.