tag:blogger.com,1999:blog-6579213173749170024.post839456975988474311..comments2024-01-02T02:18:30.960-08:00Comments on Israel Thrives: Brief Note: TurkeyMike L.http://www.blogger.com/profile/06450806807610560873noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6579213173749170024.post-12579288063088218172013-10-21T09:15:14.622-07:002013-10-21T09:15:14.622-07:00Erdogan a few a years ago commanded the central ba...Erdogan a few a years ago commanded the central bank to issue essentially free money on a wide scale. He had them print the hell out of their money and then spread it around to fuel a consumer consumption spending fury. As long as consumers were buying it sort of worked, until everyone ran out of credit and couldn't borrow enough to service the consumer credit they already owned. Now the central bank is faced with the proposition of borrowing against unsecured debt to service that debt - rolling it over and over with nothing underneath. What they've done is intentionally fueled their own bubble. They have a few basic options here - one is to put the brakes on credit expansion and let inflation skyrocket. Another is to keep feeding the monster all the way to default and depression. One suspects they'll roll out the ever reliable 'Let's incinerate the Jews!' as a response to this. Since Baathism is little more than Nazism and the AKP is a weird confluence of modern Islamic Turkish Nationalist fascism and modern Arab ideological fascism it's clear that in order to stave off the screaming mobs like we saw earlier this year, they will be turning to ever more hysterical calls for war with the Jews. What with their new interest in violating NATO laws by purchasing Chinese weapons systems and sharing whatever technology they have with China and Iran, I would put the odds of Turkey starting a war with Israel at better than 50/50 in the next year. Empress Trudyhttps://www.blogger.com/profile/06073538968722986065noreply@blogger.comtag:blogger.com,1999:blog-6579213173749170024.post-81840823185005509662013-10-19T22:05:32.343-07:002013-10-19T22:05:32.343-07:00It's sad, but if Turkey's 'leader'...It's sad, but if Turkey's 'leader' wants to take his nation back hundreds of years and side with medieval Islamists, then so be it.<br /><br />That's their problem, not Israel's.<br /><br />Israel should stay concerned with keeping such backward fuckups at bay, outside strong final borders, and continue to produce cultural, technological and economic advances at its current steady pace.JayinPhiladelphiahttps://www.blogger.com/profile/14556212008313470286noreply@blogger.com