Turkey's central bank cranks up interest rates to stabilize currency.
"During an unscheduled meeting, the central bank hiked the interest rate on overnight loans from 7.75% to 12% and the rate on its overnight borrowings from 3.5% to 8%."Too bad our Fed rulers aren't that benevolent. They know it worked when Volker did it in 1981, but they won't do it now because they want to loot every last bit of wealth from us then force a new fiat currency on us.
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