7 years ago, 55k Lira got you Volkswagen Golf. Today it won’t get you the iphone #years #55k #Lira #Volkswagen #Golf #Today #wont #iphone


7 a long time in the past, 55k Lira received you Volkswagen Golf. Currently it will never get you the iphone

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Comments (30)

  • Raphae1 Reply

    TRY lost 85% in 7 years against the USD.

    September 14, 2022 at 9:23 pm
  • DI0nysOO2 Reply

    Does it get me the car though?

    September 14, 2022 at 9:23 pm
  • inhodel Reply

    So a VW golf is the best inflation hedge ? 😂

    September 14, 2022 at 9:23 pm
  • Thanatos_1 Reply

    Turkbros and sisters, how does a monetary situation like that effect the willingness of people to learn how to use Bitcoin wallets, Lightning wallets?

    My fear is, that what in IT is called the “Tyranny of the Default” is really strong. Like, people will use an outdated version of Internet Explorer, because they can’t be bothered to spend 5 minutes to download and install Firefox. Same here. People would rather run with wheelbarrows full of money to buy toilet paper, rather than settle debts using Bitcoin over Lightning (the fiat-shitcoin being the unit of account will be a big problem independent of bitcoin adoption).

    So, how’s it going?

    September 14, 2022 at 9:23 pm
  • triflingmagoo Reply

    Sucks for the people of Turkey. Your president is fucking you hard in the ass.

    September 14, 2022 at 9:23 pm
  • Break-Every Reply

    For how much you can sell that 7 year old Golf today?

    September 14, 2022 at 9:23 pm
  • Bitcoin_Freedom Reply

    approaching 120% inflation soon

    September 14, 2022 at 9:23 pm
  • Step1hunter Reply

    It is Turkey’s fault for supporting a dictator with corrupt legislation that blames EVERYTHING on an organization that he made up. The Turkish people have no one to blame but themselves for believing EVERYTHING. Even crypto can’t help with such idiocracy/ignorance and believing everything. They unfortunately do not deserve any better with that mindset.

    September 14, 2022 at 9:23 pm
  • mbwembwe Reply

    But did the Volkswagen run doom?

    September 14, 2022 at 9:23 pm
  • blaze1234 Reply

    What are Lira?

    September 14, 2022 at 9:23 pm
  • TheModernEremite Reply

    Just to add one thing… Inflation in Turkey is a thing, yes. But we have to remember that it began with a monetary attack at Turkish Lira from major Central Banks to make Turkey “obey” as a country in relation to Anglo-Saxon world.

    ​

    It’s a short version of what happened but quite important.

    September 14, 2022 at 9:23 pm
  • Qinnius Reply

    How come? Got smart Leader 😂

    September 14, 2022 at 9:23 pm
  • crimesonclaw Reply

    The iPhone 14 pro max. Yes, just making sure we’re talking about Apples top of the line product.

    September 14, 2022 at 9:23 pm
  • SpecialX Reply

    Boot these fuckers out of NATO

    September 14, 2022 at 9:23 pm
  • Art___Vandelay___ Reply

    Your entire bitcoin market is propped up by tether fraud. The whole database is inefficient.

    Somehow mankind always returns to gold and silver.

    September 14, 2022 at 9:23 pm
  • Suspicious-Sale171 Reply

    The picture misses a bunch of information.

    E.g. the time of work for a person from the median to earn 55k Lira seven years ago vs. today would be interesting instead of the amount of money without providing any other information.

    September 14, 2022 at 9:23 pm
  • Marcion_Sinope Reply

    Shrinkage.

    September 14, 2022 at 9:23 pm
  • funnymoney3 Reply

    It’ll get you an iPhone just not the top of the line model iPhone.

    September 14, 2022 at 9:23 pm
  • Not-the-best-name Reply

    You have to include what investing that money would give you.

    September 14, 2022 at 9:23 pm
  • Ok-Mango5075 Reply

    I wonder if he regrets not acting when he had the chance? https://www.reuters.com/article/us-turkey-security-plot-insight-idUSKCN0ZX0Q9

    September 14, 2022 at 9:23 pm
  • RitaSotoy Reply

    In 7 years, TRY has lost 85% to USD.

    September 14, 2022 at 9:23 pm
  • DuncanSoriano Reply

    But does it give me the car?

    September 14, 2022 at 9:23 pm
  • Ric_P Reply

    Seems like we got some wise guys here

    September 14, 2022 at 9:23 pm
  • sebikun Reply

    Fiat works well. Just trust me bro!

    September 14, 2022 at 9:23 pm
  • sal696969 Reply

    i guess someone needs to read up on monetary policy.

    Turkey would be broke if not for devaluation of their currency.

    Its not like they have a choice here.

    ​

    Its a tool the countries need …

    September 14, 2022 at 9:23 pm
  • bbsbr Reply

    In the history has never happened that the currency fiat earn value in time?

    September 14, 2022 at 9:23 pm
  • donmulatito Reply

    An iPhone costs 3,135€ in Turkey? If that’s true I’m headed there with a suitcase full of IPhones !!

    September 14, 2022 at 9:23 pm
  • eqleriq Reply

    It’s gone from .29 dollars per lira to .055 dollars.

    If you would have bought dollars with lira 5 years ago, you’d have max $15,950 (i’m sure fees are huge because who the fuck would want lira for usd)

    If you would have spent that on bitcoin, you would have bought 4.21 bitcoin.

    Today that bitcoin is worth $82,439.1 which is 1,522,603 lira, or 27.6x the value.

    So which would you rather have, the one where a car turns into a phone… or the one where 1 car turns into 28 cars. HMMM.

    ​

    At some point you only have yourself to blame.

    September 14, 2022 at 9:23 pm
  • Dazzling_Marzipan474 Reply

    Holy fuck!

    September 14, 2022 at 9:23 pm
  • Z3LS3 Reply

    Going on twelve years of Syrian civil war-turned-NATO/Russia Israel/Iran-proxy-war next door didn’t help them either. Flooded with refugees.

    September 14, 2022 at 9:23 pm

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