Nice piece. Turkey’s president has lashed out at the FT over this, for revealing the truth. Will be interesting to see what happens.

Don’t Be Fooled: Turkey’s Increased US Dollar Reserves Come At A Very High Risk

I mean, Mr. Tümerkan’s data speaks for itself. He’s not preaching that paper money is wrong - but that the printing press creates a moral hazard and let’s governments run wild with their liabilities. Eventually there will be a ‘tipping point’

Think That Governments Won’t Default? Think Again

I agree it’s s great article - I submitted it but ForexFactory won’t post it under Fundamental analysis!

'Getting the dollar wrong is deadly': A rapid rise in the US dollar could cause a domino...

Greece stable? What a joke. Good time to buy long dated puts against Greek banks

Fitch Upgrades Greece to 'BB-' from 'B'; Outlook Stable