NATO's impudence targets Turkey's sovereignty

Now that the EU is a leading region in the world in terms of welfare level today, it should not forget how it was protected against the Soviet threat under the NATO "umbrella without spending a considerable amount of money on defense during the Cold War.

کد خبر: ۷۵۰۰۷۲

تاریخ: ۰۴ آذر ۱۳۹۶ - ۰۸:۵۳

Now that the EU is a leading region in the world in terms of welfare level today, it should not forget how it was protected against the Soviet threat under the NATO "umbrella without spending a considerable amount of money on defense during the Cold War. However, no western European countries paid the price that Turkey faced as a country that suffered the Soviet threat during the Cold War, including the Bay of Pigs fiasco. For this reason, we must read well the codes of incomprehensible impudence and the disrespect for Atatürk, the founder of the Republic of Turkey, and for President Recep Tayyip Erdoğan, during the recent NATO exercises, regardless of how NATO authorities apologize and feel embarrassed. Turkey has been protecting NATO's southern and eastern wing for 65 years and resisted the Soviet threat in the first place for Europe, which enjoys welfare today. Despite Foreign Investment Promotion Law No. 6224, quite an ambitious foreign direct investment promotion law introduced in 1954, Turkey could attract only $200 million in foreign direct investments in the first 26 years that followed enactment of the law.

When the Soviet threat started declining in 1980, Turkey attracted $54 billion in foreign direct investments in the following 26 years. NATO's temerity against the Turkish Armed Forces (TSK), which also brought humanitarian aid to military operations from Korea to Afghanistan, and against the founder of Turkey, who was respected in any country he went to, and Erdoğan is clearly aimed at Turkey's national sovereignty. Turkey will head to a great change in its approach and mentality of politics and public administration with a politically strengthened Parliament as a result of the presidential government system to which we will have completely switched by 2019. So, national will and sovereignty will be riveted, the public will have a direct presence in administration, politics and the judiciary and in all spheres of the separation of powers by whom they elect. This change in the administrative model will make Turkey even stronger in Eurasia.

Turkey is a production hub in Eurasia with $190 billion worth of industrial production and $400 billion worth of services sector production. The mental and administrative model change that will be successfully completed in 2019 will bring the Turkish economy to a threshold of between $1 trillion and $1.2 trillion in 2023 and of between $1.7 trillion and $2 trillion in 2030. The economic and political power that Turkey will achieve will further strengthen its ability to become the voice and heart of the oppressed in every part of the world.

Depth is the solution

for credit-ocracy operation

Global powers have mounted an attack against us through credit-ocracy by using all global market and media instruments to prevent us from focusing on the reform process, which will accelerate our switch to a more strengthened democracy. This democracy will enable us to enact many technical and political adjustment laws to reconstruct the state and deepen our economic and political self-confidence.

The effect of this operation, which is being carried out through the spiral of "exchange rates and interest rates," can be eliminated with a counter-perception study by the economy administration that will highlight the strong aspects of the Turkish economy. We need to make the production pace permanent as it will help us achieve 2018 growth and employment targets to economically defeat the global powers that we defeated during the political and legal war in the Dec. 17 and Dec. 25 processes and the July 15 coup attempt through Turkey's public and social psychological superiority and Erdoğan's will and determination.

At this point, it is not a correct strategy for the Central Bank of the Republic of Turkey (CBRT) to stop increasing exchange rates by hiking interest rates for two reasons: First, Turkey's main problem is cost inflation. The increase in interest rates will increase cost inflation, as it will increase resource costs in the economy and credit costs in the real sector. Second, the interest rate gap between Turkey and the G20 countries will grow. The same global circles will try to use the latter against Turkey, claiming that Turkey's global perception is deteriorating.

From this point of view, to provide depth to currency markets, the CRBT prioritized forward exchange transactions that will ensure to buy foreign currency at a certain exchange rate that economy players need to buy in the future. The CRBT offers both the opportunity to hedge the risk of the real sector without using its limited foreign exchange reserves and tries to extinguish the high volatility of exchange rates and the bubbles of speculative attack by raising the value of the Turkish lira to a limited extent. Let us note that every country has extinguished the bubbles of such currency movements through calmness and sagacity on a global scale for the past 25 days.