How would you feel if the government came to your door and insisted at gun point that you had to hand over your gold in return for paper? How would you feel if this promissory note they gave you didn't actually promise you your gold back – and the government simply made risky investments with your gold leading them to lose the gold gambling with other countries and bankers while still printing out an insane amount of IOUs without the gold to back it up?

This may remind you of precisely what President FDR did in the early 1930s in order to fund the Exchange Stabilization Fund (a massive currency and commodity manipulator) and eventually the IMF.

Well, as it turns out, the Turkish government is repeating history!