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[Steve Hanke @steve_hanke]

#TurkeyWatch🇹🇷: Welcome to Erdogan's Turkey.

[Steve Hanke @steve_hanke]

#TurkeyWatch🇹🇷: Turkey ranks an ABYSMAL 117th out of 143 countries in the newly released @TheWJP 2026 RULE OF LAW INDEX.

ERDOGAN’S TURKEY = NO RULE OF LAW = NO PROBLEM.

[Steve Hanke @steve_hanke]

#TurkeyWatch 🇹🇷: Following the recent collapse of Turkey's PONZI SCHEME, JPMorgan is shutting down its Turkish securities brokerage unit.

TURKEY IS PAYING THE PRICE FOR GOVERNMENT CORRUPTION AND A MAZE OF INCOMPETENT REGULATIONS.

[Steve Hanke @steve_hanke]

#TurkeyWatch🇹🇷: Welcome to Erdogan's Turkey.

[Steve Hanke @steve_hanke]

#TurkeyWatch🇹🇷: Pres. Erdoğan accused the opposition and media of deliberately trying to destabilize Turkey’s capital markets by reporting on the $18.3 billion fund scandal.

WHAT'S ERDOGAN EXPECT THE OPPOSITION AND MEDIA TO DO? SIT ON THEIR HANDS?

[Steve Hanke @steve_hanke]

#TurkeyWatch 🇹🇷: Turkey’s education ministry will now revoke a private school’s license with no warning.

Any school or tutoring center caught teaching outside its approved field will AUTOMATICALLY lose its license.

IN ERDOĞAN’S TURKEY, DUE PROCESS IS OPTIONAL.

[Steve Hanke @steve_hanke]

#TurkeyWatch🇹🇷: The IMF’s 2026 year-end inflation forecast for Turkey: 31.2%/yr.

Today, I measure Turkey’s inflation at 21.69%/yr. Since my measure leads the official one, I expect it to fall.

ANYWAY YOU CUT IT, INFLATION IS STILL ERDOĞAN'S ACHILLES HEEL.

[Steve Hanke @steve_hanke]

#TurkeyWatch🇹🇷: Trump on whether Turkey would support a military operation against the Houthis:

“Erdoğan is a very good friend of mine. I think he will do whatever I ask him.”

IS NATO’S SECOND-LARGEST ARMY REALLY AT TRUMP’S DISPOSAL?

[Steve Hanke @steve_hanke]

#TurkeyWatch🇹🇷: Welcome to Erdogan's Turkey.

[Steve Hanke @steve_hanke]

#TurkeyWatch🇹🇷: The EU’s Enlargement Commissioner: “The latest developments affecting media freedom and local democracy are widening the gap with Turkey’s objective of joining the EU.”

Turkey has been in the EU waiting room for 53 years.

AND IT'S NOT LEAVING ANYTIME SOON.

[Steve Hanke @steve_hanke]

#TurkeyWatch🇹🇷: Yesterday, hundreds gathered outside Turkey's Constitutional Court demanding the suspension of the social media blocking law.

In September alone, 1,270 X accounts were blocked.

PRES. ERDOĞAN'S TURKEY = NO FREE PRESS = NO PROBLEM.

[Steve Hanke @steve_hanke]

#TurkeyWatch🇹🇷: İzmir Mayor Cemil Tugay defected from the opposition CHP to the ruling AKP today.

Tugay had previously called switching to AKP "shameful" and "a million to one chance."

TUGAY = A TYPICAL TURKISH POLITICIAN = TALKING OUT OF BOTH SIDES OF HIS MOUTH.

[Steve Hanke @steve_hanke]

#TurkeyWatch🇹🇷: Pres. Erdoğan at TEKNOFEST:

"Those who lay hands on the people's assets will never get away with it."

THE NUMBER OF HANDS KEEPS ON GROWING, 20 more people were arrested today in Turkey's EVER-GROWING fund scandal.

[Steve Hanke @steve_hanke]

#TurkeyWatch🇹🇷: Turkey’s answer to its $20B fund meltdown? The regulator has opened “voluntary return accounts” asking investors who made “excessive” profits before the collapse to give them back.

THE REGULATOR MUST BE DREAMING.

[Steve Hanke @steve_hanke]

#TurkeyWatch🇹🇷: Istanbul's annual inflation: 33.55%/yr in September, down from 34.96%/yr in August, according to the Istanbul Chamber of Commerce.

Today, I measure Turkey's inflation at 21.42%/yr. Since my measure leads the official one, I anticipate further declines.

[Steve Hanke @steve_hanke]

#TurkeyWatch🇹🇷: Yesterday, Turkey shut down T24, one of Turkey's last major independent news outlets.

The European Parliament's Turkey Rapporteur called it "an all-out assault on freedom of expression."

PRES. ERDOĞAN'S TURKEY = NO FREE PRESS = NO PROBLEM.

[Steve Hanke @steve_hanke]

#TurkeyWatch🇹🇷: As Turkey's $18.3 billion fund scandal rages on, the gov't continues to block X accounts. It's now targeting the independent news outlet Kısa Dalga.

Erdoğan's justification is "national security." WHAT A JOKE.

PRES. ERDOĞAN'S TURKEY = NO FREE PRESS = NO PROBLEM.

[Steve Hanke @steve_hanke]

#TurkeyWatch🇹🇷: Welcome to Erdogan's Turkey.

[Steve Hanke @steve_hanke]

#TurkeyWatch🇹🇷: In connection with Turkey's $18.3 billion fund scandal, prosecutors are now tracking crypto and overseas money transfers by fund managers.

Total arrested = 51.

IT'S GOING TO BE HARD FOR ERDOĞAN TO SWEEP THIS SCANDAL UNDER A TURKISH CARPET.

[Steve Hanke @steve_hanke]

#TurkeyWatch🇹🇷: An update on Turkey's $18.3 BILLION funds scandal: 19 more arrested today, bringing the total to 45.

Just more confirmation of Hanke’s Schoolboy Theory of History: it’s just one damn thing after another.