Turkey is the first economy to collapse

Discussion in 'Economics' started by seriousNews, Nov 6, 2008.

  1. I have valid sources for my information. The first economy to collapse will be that of Turkey's. Not that they are in sound economic conditions now, but it will get even worse. People of Turkey are happily converting their US dollars to YTL after the USD rose from 1.2 YTL to 1.7 YTL within weeks. But this is only the start of the crisis, very soon the YTL will collapse to less than half it's current value over night, similar to what happened in 2000. But this time it will be even worse, not only will the currency collapse, but so will the whole economy without the chance of ever recovering.
  2. rosy2


    you're too late. iceland already collapsed
  3. cok guzel