Turkey sells 90% of its US Treasury bonds in a single month.

This fire sale from $16 billion down to a mere $1.8 billion was an emergency cash grab driven by a chilling realization: Turkey knows it could easily be next on the U.S. sanctions chopping block.

The U.S. financial system easily absorbed this tiny ripple.

Meanwhile, Turkey has left itself entirely exposed to historic 33% domestic inflation and sky-high debt yields.

Turkey pot pie