To add insult to injury, it could be the case
that Erdogan's degree is fake [1]
(I don't know of a single Turkish person NOT voting for him that thinks that his degree is authentic)
[1] https://en.wikipedia.org/wiki/Recep_Tayyip_Erdo%C4%9Fan_univ...
Readit NewsThis perfectly explains one of the many bull cases for cryptocurrencies. 15% annual inflation robs the working class of wealth but they previously had no alternative. At least now they can store some of their assets in cryptocurrencies while the government continues to debase the purchasing power.
Most Turks just keep their money in a foreign currency, or gold.
If I am not mistaken, about 65% of the deposits in Turkey are denominated in a foreign currency (mostly USD)
What's worse is that somehow plenty of Turk are fine with it. Inflation above 100% for long time, crappy salaries, people can't even afford rents but the leader's party still get about 30% of the votes.
This is also a lesson for fellow Americans: don't think that just because Trump won't be able to lower the price of the eggs, will make rural voters miserable and make America a worse place means that at the next election you get rid of him. Once the environment is set up properly, anything can be justified, and with the right mindset the voter will accept any bullshit. Remember, "we always have been at war with Eastasia"