Armstrong Economics Blog/Turkey
Re-Posted May 30, 2018 by Martin Armstrong
Erdogan has asked all the Turkish people to convert their dollars to Turkish Lira. This is a desperate act. The rumors behind the curtain are running wild. Many are concerned that Erdogan’s policies have just destroyed the confidence in his government both internally and externally. Turkey is now on watch for a possible monetary collapse. The key monthly closing resistance stands at 42425.