As Erdogan's rate talk fuels forex demand, the Turkish Lira sinks to 17 Dollars

Started by OZER, Jun 08, 2022, 10:37 PM

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whether the crash was intentional market manipulation is irrelevant.  you are in the market.  your asset must be able to withstand pressure by intentional wales or not.  brbrUST#39s value was not pure algorithmic.  It#39s value was always based on how much the Terra Blockchain was worth, represented by the Luna coin.   Noone should#39ve invested in UST without understanding that.  If there should#39ve been a warning label, that is it.brbr The fact  though that the market through panic assesed that Terra was worth 0 is remarkable.  We are talking about a system with hundreds of very good developers, validators operating a huge blockchain datanetwork system, Many many large Defi and other projects on it that could process and store millions of transactions on it.  In most peoples eyes that#39s not worth Zero but as they say, the market has spoken.

The inflation, Afghanistan, forever Covid, supply chain issues, Ukraine, Iran again enriching uranium and more are attributable to the global chaos Trump unleashed.

To fix the gangrenous necrosis the leg will need to be amputated.


The culprits are the Banking industry ! brThé IMF fundbrRothschild banking interests brYou name any major banking systems ! brThé US government brEuropean Union brOn and on ! I say Eff them brWe are screw d if we let them win ! brSo let's fix the problem and prevent any future events like this! brMake it a 30day stick protocol of withdrawals ! brOtherwise the banking industry will continue to control our lives!


if your life is ruined by this. you are doing something wrong lol. only invest money you could afford to lose



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From the clip: There is no way the Fed can help and it will all depend on Congress.  Me: Alrighty, time to die.



Most of this talk about inflation is just Republican fear-mongering to try to win back Congress next year.  Sure, there are higher rates than normal, but its not caused by Bidens agenda, and this would still be happening under Trump.  Its because theres a shortage of good jobs and workers, with demand skyrocketing as people come out of lockdown