With the Turkish lira in free fall, just as Asia Unhedged has predicted this past year, Turkey’s stock market has shrunk to rounding-error dimensions.
The whole of the Istanbul 30 Index, the country’s blue chip gauge, is presently worth just 176 billion Turkish lira, or a mere US$33 billion. That’s the market cap of the Monster Beverage Company in the US.
US$33 billion is a rounding error in China’s global net asset position, and the likeliest outcome of the crash of Tayyip Erdogan’s kleptocracy is that Turkey will simply be a wholly-owned subsidiary of China. 1,500 years after the Han dynasty kicked the Turks out of Central Asia, it will buy them out as well.
@ Mazumdar M A Hamid
Keep dreaming. One day all muslims would become untouchable due to radical Islam and due to demand for the imposition of sharia law in the western societies.
Vineet Singh Gusain your nightmare.
????????????????????????????you are very funny
Dear David,
After seeing your news,
we have prepared 100.000 Turk soldiers with horses and moved,
we are around Iran now. I’m writing to you from my xiaomi on my horse.
First order of our Cengiz Han is "find David for me" by the way ))
You better go back to Turkey then. You wouldn’t want to miss the world domination while living in Nashville 😀
Turks hung up on the dream of the past. If the ottoman did not collapse, 70 percent of Anatolia would be arab. TV series viewers regard of themselves as the royal class living in the palace. They cant see the other side. Where is the administration of judgment? In my country, if you go there, its name is ‘PALACE OF JUSTICE’. True story (:
We are the part of stars, nothing more. The most crowded and unorganized group in the world are unemployed people. Someday, they will change when realize that they are hungry on the street and nobody lives in the palace like on TV. Young people aware that working is not virtue. Do not forget it, Mortgage doesn’t work on new jeneration. How will you convince them? Is it war or starved or chemical thing? What do you suggest except to give a grade?
In Turkey, if you said to turkish government that ‘KLEPTOCRACY’, it means you will live in prison. Language is easy but talking is not. So, (G)oldman maybe right, but will you be able to write with the same courageous and dignity when the public is questioned ‘CORPORATOCRACY’? You are on the different boat, but both of you are walking the identical end point.
As I said, this story aims to intrigue hatred, and nothing else. Don’t fall into the trap with your Turkish pride.
Nice story for kids.
Have you ever heard of Kublai Khan who dominated China until the second half of the fourteenth century. His army was consisting of Turks and Moghuls. His dynasty was known as Yuan Dynasty in the history of China.
Mr.David P. Goldman,
"1,500 years after the Han dynasty kicked out the Turks. China may buy them out as well" ha, ha, ha You are so funny and seems very happy with the situation. It seems China has already bought your pen. I would like to give you a simple information, As Turkish people, this will not be our first crisis. We used to live one in every 15 years and we are experienced. We are patient. Please, you also be patient. Wait and see what will happen in Turkey.
He is Jewish American whose priorities are first Isreal, second USA.
Kick out?
So what about Kazakhstan, Kyrgyzstan, Turkmenistan and Uzbekistan?
Ha ha ha ha ha ha. Turkey time has gone and they never taken over the world just Middle East and some Bulgarian territory. Never the world.
"The Turkic soldiers and generals that worked in the Chinese garrisons of Central Asia spurred Turkic migration into the area. The Turkic language and culture of the Tang soldiers there gradually displaced the indigenous Indo-European languages. The native languages of Sogdian and Tokharian disappeared as the Turkic languages spread in the Tarim Basin.[28]
The Tang Dynasty declined after the An Shi Rebellion, and the dynasty eventually fell in 907. During the Five Dynasties and Ten Kingdoms period, an era of upheaval following the dynasty’s collapse, many of the kingdoms in China were ruled by families of Turkic ancestry.[29] The Shatuo Turks founded the Later Tang in 923, the Later Jin in 936, and the Later Han in 947.[30] ".
Turks ruled china for much longer then they rule current Turkey today. The Tang success against the Turkic kingdoms employed Turkic armies.
Ok the author has some numbers to play with. Talking about 30 major stocks of a G20 country during the market crash, while comparing it with the size of the world’s soon largest economy of 1.2 billion people. China kicking the Turks out of Central Asia is a good story from the kid’s books and poor geographic knowledge.
Don’t bother Indian pseudo intellectuals… They only know one thing… To abuse
r u serious… do you want to lose Europe and Kurdish part as well
Turkey will take over the world again…
like the ottoman again…..
This tyrant & fanatic must be kicked out.
China is going to buy all those bankrupt nations…..if they serve China’s strategic interests.
First reaction of the Turks is likely to be hatred for China. However, how many Turks would ask: 1. Who made this market crash possible? 2. If not China, who else or who at all would buy?