-
Welcome to the TSP Talk Forums forums.
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content, join our AutoTracker, and access many other special features. Registration is simple and absolutely free so please, join our community today!
If you have any problems with the registration process or your account login, please contact us. -
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com
-
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
-
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
-
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
Just wanted to introduce myself
- Thread starter Ed_the_Fed
- Start date
FundSurfer
Well-known member
http://cgi.ebay.com/Turkish-Coin-worth-a-Million-Lira_W0QQitemZ8415602979QQcategoryZ257QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
It isn't too late to get that million lira.
It isn't too late to get that million lira.
W
Wizard
Guest
Chronic inflation from the late 1970s onward saw the Turkish lira gradually depreciate against other major currencies.
1933 — 1 U.S. dollar = 2 Turkish lira.
1966 — 1 U.S. dollar = 9 Turkish lira.
1980 — 1 U.S. dollar = 90 Turkish lira.
1988 — 1 U.S. dollar = 1,300 Turkish lira.
1995 — 1 U.S. dollar = 45,000 Turkish lira.
2001 — 1 U.S. dollar = 1,650,000 Turkish lira.
1933 — 1 U.S. dollar = 2 Turkish lira.
1966 — 1 U.S. dollar = 9 Turkish lira.
1980 — 1 U.S. dollar = 90 Turkish lira.
1988 — 1 U.S. dollar = 1,300 Turkish lira.
1995 — 1 U.S. dollar = 45,000 Turkish lira.
2001 — 1 U.S. dollar = 1,650,000 Turkish lira.
W
Wizard
Guest
When measured in the price of gold, the dollar and U.S. financial assets have already crashed. For example, relative to gold, as of Friday's close, since their last relative highs in June-July 2005, the U.S. dollar index has declined 39%, the 10-year Treasury bond 43%, and the S&P 500 31%. These declines have become free-fall in the last month or so.
http://www.safehaven.com/showarticle.cfm?id=5089&pv=1
Depends on your definition of rich. Before Turkey revalued their currency it would cost a couple million Lira to eat breakfast.
Real heart stopper was to pop into a mini mart for some supplies and the bill was 21M Lira and their highest demoniated bill, at the time, was 100,000 Lira. You all most needed to wheelbarrow your money around to pay for stuff.
It got so bad they came out with 1M and 5M Lira notes. Then later on it got really bad and they issued 10M and 20M notes.
I was unable to visit the country when they issued 10M and 20M notes. That would of been fun to bargain with those high numbers. Very hard to grasp a hotel room costing 350,000,000 a night, I would bet. Just thought it would of been cool to have done some credit card transactions so I could have the statement.
http://www.safehaven.com/showarticle.cfm?id=5089&pv=1
Depends on your definition of rich. Before Turkey revalued their currency it would cost a couple million Lira to eat breakfast.
Real heart stopper was to pop into a mini mart for some supplies and the bill was 21M Lira and their highest demoniated bill, at the time, was 100,000 Lira. You all most needed to wheelbarrow your money around to pay for stuff.
It got so bad they came out with 1M and 5M Lira notes. Then later on it got really bad and they issued 10M and 20M notes.
I was unable to visit the country when they issued 10M and 20M notes. That would of been fun to bargain with those high numbers. Very hard to grasp a hotel room costing 350,000,000 a night, I would bet. Just thought it would of been cool to have done some credit card transactions so I could have the statement.
Last edited:
Ed_the_Fed
Member
Hi everyone. I have just joined and am looking forward to sharing with you all. I think it is great to pool all of our IFT's and get a sense of whose strategy is working. I have been making IFT's since the mid 90's. Since I started really tracking my account, I am up 45% since June 2003. This unfortunately includes my new bi-weekly contributions as I don't have the time to break them out. I would guess I am earning about 12% a year over the last three years. I still have 17 years to go so am hoping to retire as a "rich" fed! Is that possible?
Similar threads
