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  1. #1
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    Geopolitics of Turkey - Europe, Asia (OP)


    Salaam

    Like to share, very informative

    Focus on Europe



    Focus on Asia


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    Junon's Avatar
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    Re: Geopolitics of Turkey - Europe, Asia

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    Salaam

    Things are going from bad to worse













    And some more.







    (from Guardian)

    Brother anatolian is everything ok with you and your family etc? Just worried with all the news reports coming in.
    Last edited by Junon; 08-13-2018 at 07:50 PM.

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  4. #42
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    Re: Geopolitics of Turkey - Europe, Asia

    Salaam

    Another update

    Erdogan: How Turkey Sees the Crisis With the U.S.

    Unilateral actions against Turkey by the United States will undermine American interests and force Turkey to look for other friends and allies.


    By Recep Tayyip Erdogan


    For the past six decades, Turkey and the United States have been strategic partners and NATO allies. Our two countries stood shoulder to shoulder against common challenges during the Cold War and in its aftermath.

    Over the years, Turkey rushed to America’s help whenever necessary. Our military servicemen and servicewomen shed blood together in Korea. In 1962, the Kennedy administration was able to get the Soviets to remove missiles from Cuba by removing Jupiter missiles from Italy and Turkey. In the wake of the Sept. 11 terror attacks, when Washington counted on its friends and allies to strike back against evil, we sent our troops to Afghanistan to help accomplish the NATO mission there.

    Yet the United States has repeatedly and consistently failed to understand and respect the Turkish people’s concerns. And in recent years, our partnership has been tested by disagreements. Unfortunately, our efforts to reverse this dangerous trend proved futile. Unless the United States starts respecting Turkey’s sovereignty and proves that it understands the dangers that our nation faces, our partnership could be in jeopardy.

    On July 15, 2016, Turkey came under attack by members of a shadowy group led by Fethullah Gulen, who leads his organization, officially described by my government as Fethullah Terrorist Organization, from a compound in rural Pennsylvania. The Gulenists tried to stage a bloody coup against my government. On that night, millions of ordinary citizens rushed to the streets out of a sense of patriotism, similar to what the American people undoubtedly experienced after Pearl Harbor and the Sept. 11 attacks.

    Two hundred and fifty one innocent people, including Erol Olcok, my longtime campaign manager and dear friend, and his son, Abdullah Tayyip Olcok, paid the ultimate price for our nation’s freedom. Had the death squad, which came after me and my family, been successful, I would have joined them.

    The Turkish people expected the United States to unequivocally condemn the attack and express solidarity with Turkey’s elected leadership. It did not. The United States reaction was far from satisfactory. Instead of siding with Turkish democracy, United States officials cautiously called for “stability and peace and continuity within Turkey.” To make matters worse, there has been no progress regarding Turkey’s request for the extradition of Fethullah Gulen under a bilateral treaty.

    Another source of frustration relates to the partnership between the United States and the P.Y.D./Y.P.G., the Syrian branch of the P.K.K., an armed group that is responsible for the deaths of thousands of Turkish citizens since 1984 and that is designated a terrorist group by the United States. According to estimates by the Turkish authorities, Washington used 5,000 trucks and 2,000 cargo planes to deliver weapons to the P.Y.D./Y.P.G in recent years.

    My government has repeatedly shared our concerns with American officials about their decision to train and equip the P.K.K.’s allies in Syria. Unfortunately, our words have fallen on deaf ears, and American weapons ended up being used to target civilians and members of our security forces in Syria, Iraq and Turkey.

    In recent weeks, the United States has taken a series of steps to escalate tensions with Turkey, citing the arrest by the Turkish police of an American citizen, Andrew Brunson, on charges of aiding a terrorist organization. Instead of respecting the judicial process, as I urged President Trump to do in our many meetings and conversations, the United States issued blatant threats against a friendly nation and proceeded to impose sanctions on several members of my cabinet. This decision was unacceptable, irrational and ultimately detrimental to our longstanding friendship.

    To convey that Turkey does not respond to threats, we retaliated by sanctioning multiple American officials. Moving forward, we will abide by the same principle: Attempting to force my government to intervene in the judicial process is not in line with our Constitution or our shared democratic values.

    Turkey has established time and again that it will take care of its own business if the United States refuses to listen. In the 1970s, the Turkish government stepped in to prevent massacres of ethnic Turks by the Greek Cypriots despite Washington’s objections. More recently, Washington’s failure to grasp the seriousness of our concerns regarding national security threats emanating from Northern Syria resulted in two military incursions that cut off the so-called Islamic State’s access to NATO’s borders and removed the Y.P.G. militants from the city of Afrin. As in those cases, we will take necessary steps to protect our national interests.

    At a time when evil continues to lurk around the world, unilateral actions against Turkey by the United States, our ally of decades, will only serve to undermine American interests and security. Before it is too late, Washington must give up the misguided notion that our relationship can be asymmetrical and come to terms with the fact that Turkey has alternatives. Failure to reverse this trend of unilateralism and disrespect will require us to start looking for new friends and allies.

    https://www.nytimes.com/2018/08/10/o...sanctions.html

  5. #43
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    Re: Geopolitics of Turkey - Europe, Asia

    Turkey dosen't really have any geopolitics except compromising with the west and giving as much as they can for just suviving. Example they betrayed the rebels in Syria recently. I find that quite expected except for people who had hope in them but I predicted this basically.

    Turkey will realize one day that betraying the people of Idlib was one of their worst mistakes when that same enemy enters Istanbul for I believe somehow Turkey will get invaded down the line and it's not because of them being good muslims or anything but they will not want them to grow stronger so at some point down the line Turkey will become the next Iraq just like how Saddam was targetted out of the blue.

    What Turkey, Egypt, Jordan etc etc don't realize is that the western world is not an ally to them in truth but despises them and this is where their hearts lay in all truthfulness and whoever reads how they post on social media regarding turkey or any of these so-called muslim countries is very very negative because they are just channelling their inner feelings towards these states and never will they become accaptable to their sight unless they leave islam all-together. This people will keep hating on you until you officially leave your religion and this is what Allah(Swt) said about them because he created them and he fully knows where their hearts lay at. You can seek forcing giant gold out of the mountains for them their hearts will never accept you. This has come to word
    Last edited by urkahnkhan; 08-15-2018 at 01:33 AM.

  6. #44
    Junon's Avatar
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    Re: Geopolitics of Turkey - Europe, Asia

    Salaam

    Another update

    Blurb

    A week since the Turkish Lira crisis hit the headlines and whilst Erdogan and Trump play out a diplomatic tussle, the Turkish lira improved from record lows after Qatar’s Sheikh - Thamim bin Hamad Al Thani - said Qatar was standing by it “brothers in Turkey,” as he announced a $15bn investment into the country’s financial markets and banks. But why has Qatar entered the scene and helped to temporarily, temper the crises. I’m Kasim, this is KJ Vids and in this video, we will look at the Qatar-Turkish alliance and the motive that Qatar has in allying with Turkey. Qatar and Turkey are bound by strategic relations at the political, economic and military levels.



    Blurb

    Recep Tayyip Erdoğan. You will not be able to find a contemporary Muslim leader of his that has matched these points. (I didn't even get to include him reading the Qur'an in public, his relationship with his mother, crying in public, ridding his country of IMF debt etc)


    Last edited by Junon; 08-18-2018 at 08:13 PM.

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  8. #45
    Junon's Avatar
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    Re: Geopolitics of Turkey - Europe, Asia

    Salaam

    Pakistan leader Imran Khan gives support.





    More critical comment.

    Solely his fault? I doubt that.



    Can agree with this

    Last edited by Junon; 08-24-2018 at 05:01 PM.

  9. #46
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    Re: Geopolitics of Turkey - Europe, Asia

    Salaam

    Another update

    Turkey says U.S. waging 'economic war', lira weakens


    The lira slid on Thursday after Turkey accused the United States of waging “economic war” amid a bitter standoff between the NATO allies over the fate of a Christian pastor detained by Ankara.

    Turkish President Tayyip Erdogan’s spokesman said Washington must respect the legal process concerning the pastor, Andrew Brunson, whose trial in Turkey on terrorism charges has infuriated U.S. President Donald Trump.

    The lira dipped as far as 6.1350 against the dollar and was 0.7 percent weaker on the day at 6.0785 at 1200 GMT. The dollar was boosted by U.S. Federal Reserve minutes indicating it would raise interest rates in September.

    The lira is down 37 percent this year, with the crisis in Turkish-U.S. ties exacerbating losses prompted by concerns about Erdogan’s influence on monetary policy. He says interest rates are the “mother and father of all evil” and opposes hiking them.

    Economists said Turkey had still to convince investors it was ready to take measures needed to shore up its economy.

    “The problems of Turkey are not fixed,” said Cristian Maggio, head of emerging markets strategy at TD Securities. “There is not one single structural solution or reform that has been advanced or detailed by the local authorities.”

    Maggio added that lira volatility had increased due to thin trading volumes as Turkish markets are closed all week for the Muslim festival of Eid al-Adha.

    Erdogan’s spokesman, Ibrahim Kalin, told Reuters overnight that comments by Trump’s national security adviser showed the United States was targeting Turkey’s economy.

    John Bolton told Reuters that Turkey had made a “big mistake” in not freeing Brunson, and was sceptical about $15 billion of investment support from Qatar, saying it was “utterly insufficient to have an impact on Turkey’s economy”.

    “(Bolton’s) statement is proof that the Trump administration is targeting a NATO ally as part of an economic war,” Kalin said.

    “The Trump administration has ... established that it intends to use trade, tariffs and sanctions to start a global trade war.”

    “RESTRICTIVE AND PUNITIVE”

    Until Kalin’s statement, Turkish officials had been silent about comments on Turkey this week by Trump and Bolton. Trump told Reuters on Monday he would make no concessions to Ankara in return for Brunson’s release.

    Brunson, who has lived in Turkey for two decades, has been detained for 21 months and is now under house arrest. He denies the charges against him.

    Trump, who counts evangelical Christians among his core voter base, has doubled tariffs on metal imports from Turkey, prompting Ankara to raise tariffs on U.S. car, alcohol and tobacco imports by the same amount.

    Ankara has also initiated a WTO dispute complaint on the tariffs.

    “Turkey will protect its national interests on every platform and work with the rest of the world against restrictive and punitive measures,” Kalin said, adding that Qatar’s support had had a positive impact on markets.

    “The steps we have taken to prevent an assault on the Turkish lira yielded positive results” and the Finance Ministry and other institutions will continue to “take precautions and protect our economy”, Kalin added.

    A German government source said the International Monetary Fund could help Turkey weather its currency crisis, but Finance Minister Berat Albayrak, Erdogan’s son-in-law, has said Ankara has no plans to go to the IMF.

    Cemil Ertem, Erdogan’s chief economic adviser, reinforced that message on Thursday, saying Turkey must deepen economic and trade ties with the European Union and other countries.

    “Let alone the IMF, not one crumb of the IMF mentality must come through our door after this. If it does then we will face a real collapse and crisis,” Ertem wrote in Milliyet newspaper, describing the “attack” on Turkey’s economy as a “fantastic opportunity” for all emerging economies.

    The analyst Maggio highlighted market concerns that Turkey’s central bank has not been hiking interest rates despite double-digit inflation and the ailing lira.

    “They just squeezed liquidity out of the market but now they have started to reduce that squeeze, which is removing the support the lira received,” said Maggio. “I would be very surprised to see a sustained rally in the lira.”

    In his comments to Reuters, Kalin also said Mehmet Hakan Atilla, a banker at Turkey’s state-owned Halkbank, had been unjustly convicted in the United States for taking part in a scheme to help Iran evade U.S. sanctions. Atilla was sentenced to 32 months in jail in May.

    “It is unacceptable that certain baseless and false allegations are made against Halkbank to weaken this public bank,” Kalin added.

    “Turkey is extremely frustrated with this process.”

    https://www.reuters.com/article/uk-turkey-currency/turkey-says-u-s-waging-economic-war-lira-weakens-idUSKCN1L80OT

  10. #47
    Junon's Avatar
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    Re: Geopolitics of Turkey - Europe, Asia

    Salaam

    Another update

    Flightless Turkey

    The political and economic turmoil in Turkey has set off alarm bells in the US and UK defence industries, with a $10bn fighter jet deal now in the balance.

    Turkey is scheduled to buy 100 of the controversial Lockheed Martin F-35 jets from the US, with the huge cost to be offset partly by Turkey becoming the European hub for the deep repair and engine maintenance facility for all European based F-35s, including the RAFs. There’s another UK interest in the deal, as BAE Systems is a major sub-contractor for the F-35 producing around 15% of the components.

    All this is now in doubt. Last week Donald Trump signed a bill holding up the transfer of any jets Turkey for at least 90 days (pending a Pentagon assessment), and that delay may well become a cancellation. Over in Turkey the drop in the value of the lira (not least as a result of Trumps tariffs on steel and aluminum) has already made the F-35 deal for more expensive for the Turks, should it go ahead.

    The Stipulation in the contract that deep repair and maintenance would be carried out by Lockheed at its Turkey hub was always unpopular with other European air forces, as the perceived instability of Turkey was considered a problem – but the situation was accepted with reluctance, in the hope it would deepen the NATO alliance, so much for that.

    ANKARA BRIEFING

    Officials from Vote Leave who in the final days of the 2016 referendum campaign commissioned a series of social media ‘fright ads’ about Turkey joining the European Union will no doubt be overjoyed to hear that efforts are being stepped up to finalise a post Brexit trade deal between the UK and, er, the world’s newest economic basket case.

    The Foreign Office has found money to send additional mandarins to Ankara to help out. Its far from clear, however, how the new staff will handle of the more delicate issues Turkey will raise, including visa free travel for Turks wanting to visit the UK and tariff free importing of Turkish agricultural products.

    Tariff free trade on manufactured goods, but not food or agricultural products, has existed between the two countries since Turkey joined the EU Customs Union in 1995, but that will end on 29 March next year when the UK leaves the EU.
    Shortly before he was distracted by the collapse of the Turkish lira and a face off with the United States, Turkish president Tayyip Erdogan published his 100 day programme of things he hopes to achieve as he begins his terms as Turkeys first executive president, Number 11 on the list is his intention to ‘strengthen the floor of commercial and economic relations with the UK for the post Brexit period’.

    No detail has emerged from either side, but previous statements by the UK officials suggest a trade deal with Turkey could provide an alternative source of the food products the UK currently imports tariff free from the EU. But this raises the issue of differing standards.

    Turkey has a huge agricultural sector and has succeeded in tripling its food exports over the past decade. But there have been issues. Three times in the past decade, Russia has barred imports of fresh fruit and vegetables from Turkey, alleging fruit fly infestation, while other products such as honey have been blocked by several countries.

    Turkeys own food security was brought into question two months ago when the price of staples such as potatoes and onions skyrocketed, prompting allegations of stockpiling and emergency imports from neighbouring war torn Syria.

    Likely to be of more concern to the Leave camp, though, is what Turkey will want in return for a free trade deal. Even a collapsing economic and a trade war with Washington is unlikely to persuade Erdogan to moderate his long standing demands from Brussels for visa free travel for Turkish passport holders. With Turkeys escalating economic woes, a free trade deal that includes such a concession might actually help realise the Leave camps worst fears – explained graphically by the large arrow in their social media fright ads.

    PE issue 1477
    Last edited by Junon; 08-24-2018 at 04:54 PM.

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    Re: Geopolitics of Turkey - Europe, Asia

    The turkish government's own stupidity for not uniting with other god-fearing nations and for not building their own jets and ships and tanks and weapons - but instead joining in the oppression of the cursed enemies of Allah isn't going to serve them well - it's not like there isn't enough expertise and material to build simple tanks for Allah's sake.....

    Hopefully people are thinking about the fact that the meeting with Allah is near and that the remainder of concerns must fall in line with Allah's judgement.
    Last edited by Abz2000; 08-24-2018 at 04:21 PM.
    Geopolitics of Turkey - Europe, Asia













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    Re: Geopolitics of Turkey - Europe, Asia

    Salaam

    Another update

    Blurb

    The close U.S.-Turkish relationship dates back to the early days of the Cold War. That’s when Turkey sent its troops to fight alongside U.S. soldiers in the Korean War. In return, Turkey become an important NATO member and a bulwark against Soviet expansionism in the eastern Mediterranean.

    As of 2018, Turkey’s armed forces are the fourth most powerful in the Alliance. And the Incirlik air base in Southern Turkey serves as a critical hub for U.S. fighter jets in their Middle East missions, particularly over Iraq and Syria. But despite the current cooperation between the U.S. and Turkey, the strategic alliance and trust between the countries began to falter with the end of the Cold War. I’m Kasim, this is KJ Vids and in this video, we will look at the US-Turkish Relationship.




    Blurb


    BAKU - With the lira plunging to new depths before partly rectifying itself, Turkey has seen better days. Yet, what’s happening to the lira is not restricted to Turkey. Global credit levels, especially US dollar-denominated debts, are at an all-time high. Access to cheap credit has facilitated a new crisis in many emerging markets. Now, those reckless monetary policies are starting to show their cracks.



    Blurb


    Donald Trump slapped some new tariffs on Turkey, leading to a currency crisis. But is the Turkish economy's fall really his fault?



    Blurb

    The transatlantic financial elite are nearly throwing the kitchen sink at Turkey, as far as currency & economic war is concerned. Since the Coup of 2016 didn’t work in making Ankara heel before Atlanticist imperial desires, the money vice is now re-deployed, as it had been over the past couple of years, and in clumsy, desperate fashion, driving this strategically vital NATO member (barely a NATO member at this point, though…) further eastward into the waiting arms of Russia, China, Iran, and their rising number of Eurasian, southern hemispheric and Belt & Road Initiative transcontinental partners & allies.

    Last edited by Junon; 08-28-2018 at 09:45 PM.

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    Re: Geopolitics of Turkey - Europe, Asia

    Quote Originally Posted by Abz2000 View Post
    The turkish government's own stupidity for not uniting with other god-fearing nations and for not building their own jets and ships and tanks and weapons - but instead joining in the oppression of the cursed enemies of Allah isn't going to serve them well - it's not like there isn't enough expertise and material to build simple tanks for Allah's sake.....

    Hopefully people are thinking about the fact that the meeting with Allah is near and that the remainder of concerns must fall in line with Allah's judgement.
    Turkey is manufacturing weapons since the 70s and 80s and they are working on the development of Altay, a 3+ generation main battle tank. They are also cooperating closely with willing governments of Muslim majority countries like Qatar, Kuwait and the Turkistan countries. But to speak of taqwa in the sphere of modern international politics is undue. Most states in the Muslim world are either secular or at 'least' lead by hypocrite puppets. Erdogan's AKP itself is the foremost supporter of secularism and state nationalism.
    | Likes Abz2000 liked this post
    Geopolitics of Turkey - Europe, Asia

    And [there is a share for] those who came after them, saying, "Our Lord, forgive us and our brothers who preceded us in faith and put not in our hearts [any] resentment toward those who have believed. Our Lord, indeed You are Kind and Merciful." (Surat al-Hashr, 10)

  15. #51
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    Re: Geopolitics of Turkey - Europe, Asia

    Yes Turkey is building good weaponry but still needs the foreign sources for high tech. The first problem which led America to take those actions against Turkey started when we bought the Russian S-400 missiles. This made them mad. We also needed modern jets and purchased those F-35s from America. They now refuse to submit those jets to us although, as far as I know, we have already paid the price as a reaction our business with Russia.

    This made me remember a story from history. Ottoman state purchased two war ships from Britain just before the 1st world war. Ottomans were officially neutral back then. However, although their prices were paid, Britain refused to submit them to us and even when the Ottoman officials went to Britain to take the ships they arrested these people. Then Germany gave us two war ships for free in place of them with a condition. These ships would go to Sevastopol with the Ottoman flags and bomb the city..and this became the official entrance of the Ottoman state to the WW1 which caused a chain of important events for not only Turks but all Muslims.. Ottoman state which defended Islam against Christiandom for centuries declined and then the official Caliphate declined.
    Last edited by anatolian; 08-28-2018 at 06:19 PM.

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    Re: Geopolitics of Turkey - Europe, Asia

    Salaam

    Quote Originally Posted by anatolian View Post

    This made me remember a story from history. Ottoman state purchased two war ships from Britain just before the 1st world war. Ottomans were officially neutral back then. However, although their prices were paid, Britain refused to submit them to us and even when the Ottoman officials went to Britain to take the ships they arrested these people. Then Germany gave us two war ships for free in place of them with a condition. These ships would go to Sevastopol with the Ottoman flags and bomb the city..and this became the official entrance of the Ottoman state to the WW1 which caused a chain of important events for not only Turks but all Muslims.. Ottoman state which defended Islam against Christiandom for centuries declined and then the official Caliphate declined.
    I always wondered why the Ottoman empire became involved in this conflict. Maybe a thread for the history section.

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    Re: Geopolitics of Turkey - Europe, Asia

    Quote Originally Posted by Junon View Post
    Salaam



    I always wondered why the Ottoman empire became involved in this conflict. Maybe a thread for the history section.
    They did it because they were already planning to invade the soils of the Ottoman state before the war. Maybe this move of America is a signal of a similar purpose, who knows...

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    Re: Geopolitics of Turkey - Europe, Asia

    Salaam

    2 Questions.

    Who was planning to invade in the lead up to WW1?

    When it comes to fighter aircraft has Turkey thought about manufacturing their own, is it feasible?

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    Re: Geopolitics of Turkey - Europe, Asia

    Quote Originally Posted by Junon View Post
    Salaam

    2 Questions.

    Who was planning to invade in the lead up to WW1?

    When it comes to fighter aircraft has Turkey thought about manufacturing their own, is it feasible?
    Wasalam.

    Britain and france were planning to invade the Ottoman soils prior to the war. It was a sick man with full of oil. Ottomans wanted to be ally with them at first but since their plans were different Britain made this game to convince the Ottoman state to take the other side. Otherwise you cant invade the lands of your ally.

    Turkey has been using, producing and developing F-16s since the 90s. However their technology is old now. Turkey is also starting to produce the new F-35s but I dont know why we also purchased these 30 nos from America. But as you see we have to use the American technology as a member of NATO. We dont have our own core technology
    | Likes Junon liked this post

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    Re: Geopolitics of Turkey - Europe, Asia

    The US Federal Reserve can't keep the Lira depressed forever. Dumping its Lira reserves on the market causes a spike in supply and a resulting drop in price, but then the US Federal Reserve is out of Liras. In the long run, the price of the Lira will be determined by the productivity of the Turkish economy, and until then, a low currency just makes Turkish exports more competitive, which contributes to driving the price of the currency back to that long-term equilibrium.

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    Re: Geopolitics of Turkey - Europe, Asia

    Acting like Turkey becoming economically independent or that them developing their own weapons makes them any better Islamically is wrong, Erdogan is an insignificant taghout munafiq murtad.
    Geopolitics of Turkey - Europe, Asia


    يا قافلة الخير
    "The Persian aggression against Iraq was a result of the arrogant, racialist and evil attitudes of the ruling clique in Iran."
    -Saddam Hussein Abd al-Majid at-Tikriti -
    العراق جمجمة العرب ورمح الله في الأرض



  23. #58
    anatolian's Avatar
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    Re: Geopolitics of Turkey - Europe, Asia

    Quote Originally Posted by Futuwwa View Post
    The US Federal Reserve can't keep the Lira depressed forever. Dumping its Lira reserves on the market causes a spike in supply and a resulting drop in price, but then the US Federal Reserve is out of Liras. In the long run, the price of the Lira will be determined by the productivity of the Turkish economy, and until then, a low currency just makes Turkish exports more competitive, which contributes to driving the price of the currency back to that long-term equilibrium.
    Thanks for your good wishes but thats the capitalist way of sugar coating an economic crisis. We need the dollar much more than they need the lira. During this long turn the rich will continue to be richer and the poor will continue to be poorer in Turkey. A high inflation is only good for the export not for the millions who has standard monthly incomes. Ofcourse Erdoğan and his company will find a way to benefit from this scenario.
    Geopolitics of Turkey - Europe, Asia

    “Either seem as you are or be as you seem” Rumi

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    Re: Geopolitics of Turkey - Europe, Asia

    Quote Originally Posted by anatolian View Post
    Thanks for your good wishes but thats the capitalist way of sugar coating an economic crisis. We need the dollar much more than they need the lira. During this long turn the rich will continue to be richer and the poor will continue to be poorer in Turkey. A high inflation is only good for the export not for the millions who has standard monthly incomes. Ofcourse Erdoğan and his company will find a way to benefit from this scenario.
    It's not sugarcoating, it's basic macroeconomics. As for whether "they need the lira", that's irrelevant. Once the Fed is out of liras to dump on the market, it can't depress the lira further.

    If companies that are fundamentally viable go bankrupt simply because their dollar-denominated debts are too high, that just means that the companies will be sold off intact to pay as much of the debt as possible. The companies will keep on doing their thing under new ownership, free of debt, and debtors fall short of getting theirs. That, or they will agree to debt restructuring.

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    Re: Geopolitics of Turkey - Europe, Asia

    Quote Originally Posted by Futuwwa View Post
    It's not sugarcoating, it's basic macroeconomics. As for whether "they need the lira", that's irrelevant. Once the Fed is out of liras to dump on the market, it can't depress the lira further.
    Thats basic capitalist macroeconomics. Thats the economy which will cause the rich get richer and the poor get poorer in Turkey as I mentioned above. The way you portray it made me think that you accept and are happy with such an end for the Turkish people. If thats the case know that I will never accept and normalize it for my people. Turkey buys more and more foreign Dollars to balance the gap ( We have just bought 15 billions from Qatar and ofcourse they did not give it for the sake of love) and each time we get more dependant on the foreign money and investment.

    Quote Originally Posted by Futuwwa View Post
    If companies that are fundamentally viable go bankrupt simply because their dollar-denominated debts are too high, that just means that the companies will be sold off intact to pay as much of the debt as possible. The companies will keep on doing their thing under new ownership, free of debt, and debtors fall short of getting theirs. That, or they will agree to debt restructuring.
    Which companies you mean? Public companies that belong to the nation? Erdoğan is good at selling them to his businessmen. He is selling our own property and in such a case he sells them under their prices to pay the debt. These new owners either shut down them or work with lesser salaries. Either I have no idea what you are talking about or you have no idea what you are talking about bro..


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