The US dollar currency has been used as a primary tool of US hegemony since oil was discovered in the Middle East and a deal was made between President Nixon and King Faisal in 1973.
Recently, with reference to Turkey, in April 2018, news came out that Turkey (11thlargest gold holder behind Netherlands and ahead of India) wishes to repatriate more gold from US/IMF holdings.
This is what President Erdogan said in late April 2018:
“Meanwhile, Erdogan has taken a tough stance against the US currency, criticized dollar loans and saying that international loans should be given in gold instead.
“Why do we make all loans in dollars? Let’s use another currency. I suggest that the loans should be made based on gold,” Erdoğan said during a speech at the Global Entrepreneurship Congress in Istanbul on April 16, according to Hurriyet.
Then on 4 Aug 2018, President Erdogan said that he will issue yuan and other currency bonds to diversify away from the USD.
Turkey is not going to bend over or submit to Trump and will now receive USD 15 bn from Qatar instead of from IMF (IMF is primarily the stooge of US which is used to create economic terrorism in various countries like Iran, Venezuela, Turkey, Zimbabwe, Malaysia, Russia etc.).
This hurts the general public and the entire country in unemployment, hyperinflation, chaos, crimes, expatriation, shut down of large enterprises, crazy rates of interest etc.
This hurts the general public and the entire country in unemployment, hyperinflation, chaos, crimes, expatriation, shut down of large enterprises, crazy rates of interest etc.
Turkey is joining a growing list of nations from Angola to Iran to Russia to Pakistan to Venezuela to China to Nigeria to Ghana to South Africa to Qatar who are all moving away from the USD.
They all have 1 common enemy: USA, and it’s hegemonic order through the weaponized dollar currency.
For better or worse, the President of Turkey, is a chosen and elected leader just like in Syria or what was Iraq or Venezuela (however faulty that system maybe). Just like Trump is elected in America (however faulty it maybe).
America and Trump need to accept this reality and must respect the sovereignty of the decisions being made by those nations.
Trump (and American state) cannot and should not go for another "regime change" in Turkey supported by sold out "fake media", economic terror of sanctions and sowing chaos through the American banks of selling Turkish currency at the lowest possible FX price (supported by endless trillions in debt of US taxpayers).
For better or worse, the President of Turkey, is a chosen and elected leader just like in Syria or what was Iraq or Venezuela (however faulty that system maybe). Just like Trump is elected in America (however faulty it maybe).
America and Trump need to accept this reality and must respect the sovereignty of the decisions being made by those nations.
Trump (and American state) cannot and should not go for another "regime change" in Turkey supported by sold out "fake media", economic terror of sanctions and sowing chaos through the American banks of selling Turkish currency at the lowest possible FX price (supported by endless trillions in debt of US taxpayers).
This is according to one strategist in the article below:
“China war on USD:
China, the world’s BIGGEST oil importer is moving away from the dollar, by paying for imported oil in Chinese currency. And it doesn’t end with China. Venezuela, Iran, Qatar, Russia & now Nigeria are also using the Chinese Yuan to settle their own oil trades.”
China, the world’s BIGGEST oil importer is moving away from the dollar, by paying for imported oil in Chinese currency. And it doesn’t end with China. Venezuela, Iran, Qatar, Russia & now Nigeria are also using the Chinese Yuan to settle their own oil trades.”
China has stopped buying US oil.
Ghana is doing barter deals with China.
30 July 2018: Parliament approves $2bn barter deal with China
Russia is offering massive land to China for growing soybeans while disengaging from America.
Trump tantrums are happening against one country after another that is leading all of them to bond together.
It appears that behind the scenes, the biggest reason is the US dollar hegemony, which is falling apart, due to which Trump is shooting in all directions and creating yet more enemies and sowing chaos worldwide.
Tariff tantrums of Trump is just an excuse for bigger things at play behind the scenes.
This is what Russia said 2 days ago:
Russia and Turkey are busy selling US Treasury bonds heavily and have fallen off the USD 30 bn limit from the Top 10.
Russia (pop. 145m) has proposed to Turkey (pop. 80m) to remove US dollar from their bilateral trade.
Ultimately, all nations one by one are moving closer to China and Russia and forming a group which is impossible to defeat economically and politically as they embrace each other ever more closley, against Trump’s radical America.
We are happy that various other commentators are in agreement with us on what we have been suggesting since the last several years in terms of deglobalization and move into China's orbit.
Getting Turkey out of NATO after a 100 year close relationship with America is a dream Russia and China could have barely visualised just a few short years ago.
Getting Turkey out of NATO after a 100 year close relationship with America is a dream Russia and China could have barely visualised just a few short years ago.
Here is our last article from June 25, 2018:
16 Aug 2018: The US will be the losing side
How far will Trump go to protect USD and the rapidly plunging super power status of America?
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