USDTRY MMT Mosler Says "Erdogan Has It Right"

Since the self-proclaimed monetary "expert" and Father of #MMT
Warren Mosler said,

"Erdogan has it right"

(to lower interest rates back on March 22, 2021), the USD has appreciated by 145% against the $TRY

Easy to say, not stupid enough to take his own advice & buy the $TRY

Great lesson not to listen to self proclaimed "monetary experts" who could not even understand
on a very basic level that lowering rates devalues a currency and makes inflation worse.

Be careful out there!

I first started warning people on Tradingview back in Nov 2021 this will happen. Like Magic!

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TRY continues to devalue against the $ with no end in sight.

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USDTRY Explodes above 23 TRY for $1. As mentioned before with no end in sight.

Another Great Call!

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USDTRY continues to explode higher 24.35 TRY to buy $1 hyperinflation is in full swing. This show just how destructive #MMT silly theory is and how much it has hurt 85 million innocent Turkish people.

Now that Turkey raises rates by 6.5% to 15% it is way below the 40% inflation. Would you like to buy a Turkish lira knowing you will lose 25% of purchasing power a year from now?

Not to mention the most damaging part is that they have depleted their foreign currency reserves. It's a roach motel, you can check your $ in but you can't check it out.

Modern Monetary Theory is the nuclear bomb of economics.

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TRY today exploded to 25.50 to buy $1. Thousands and thousands of pips in profits. Once again proving how vital macro economics is to investing.

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TRY today exploded to 26 to buy $1. Since Warren Mosler (the father of #MMT) said "Erdogan has it right" to lower interest rates inorder to lower inflation. The complete opposite has occurred.

The USD has now soared 222% against the TRY while inflation has hit 86% and soon above 100% as hyperinflation ravages the finances of 85 million unsuspecting Turks which has led to a humanitarian crisis.

Learning how real-world macroeconomics is imperative to successful investing.

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Beware of false prophets!

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The Turkish Lira rallied 6% against the #USD after the central bank raised interest rates by 7.5% points to 25%.

The USD gained 223% since Mosler said "Erdogan has it right" to lower interest rates and inflation hit 86%

I have been warning people about the TRY since 2021 on Tradingview and much longer than that on Twitter and privately. Here are the results since then.

Yet another great call that just kept on giving.