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A Storm Is Brewing In The Southern Gas Corridor
A Storm Is Brewing In The Southern Gas Corridor No fewer than Turkish President Recep Tayyip Erdogan, Azerbaijani President Ilham Aliyev, Serbian President Aleksandar Vucic, Ukrainian President Petro Poroshenko and Turkish Cypriot President Mustafa Akinci attended a gathering in Central Turkey on 12 June. The amount and variety of attendees of this meeting reveal a […]
“We’re Going To Have To Do Something”: Erdogan Warns Austrian Mosque Closures Could Lead To Religious War
“We’re Going To Have To Do Something”: Erdogan Warns Austrian Mosque Closures Could Lead To Religious War Turkish President Recep Tayyip Erdogan blasted Austria’s decision to close mosques and expel Turkish-backed Imams as anti-Islamic and promised a response, saying the measures announced by Austrian Chancellor Sebastian Kurz could lead to a “war between the cross […]
Lira Soars After Turkish Central Bank Unleashes Massive, “Whatever It Takes” Rate Hike
Lira Soars After Turkish Central Bank Unleashes Massive, “Whatever It Takes” Rate Hike Ahead of today’s Turkish Central bank decision, analysts were adamant that if Turkey truly wants to ward off currency bears, it would have to deliver a “shock and awe” rate hike, greater than the whisper consensus call for a 100bps, especially since […]
Next Stage of Pressure on Iran – Lower Oil Prices
Next Stage of Pressure on Iran – Lower Oil Prices President Trump is stepping up his attack on Iran. He’s now planning the long-game for maximum pressure. The news that Trump quietly asked Saudi Arabia to ramp up output by 1 million barrels a day is the key. From the analysis at Oilprice.com: Saudi Arabia and […]
Good as gold: Turkey uses bullion to stabilise its economy
Good as gold: Turkey uses bullion to stabilise its economy Commercial banks are putting gold into Turkey’s central bank to help deal with rapid inflation Turkey’s central bank has accumulated an additional 400 metric tonnes of gold since 2011 (Reuters) Turkey’s economy has been in a tailspin with an inflationary currency, but the country is […]
The “Axis of Gold” Just Got Stronger
The “Axis of Gold” Just Got Stronger As you probably know by now, President Trump backed out of the nuclear deal with Iran and is re-imposing harsh sanctions. And just this morning, Trump announced that he’s canceling the much-anticipated nuclear summit with North Korean leader Kim Jong Un because of Kim’s recent belligerent comments. What […]
“Whispers Of Capital Controls” As Turkish Lira Plunge Resumes
“Whispers Of Capital Controls” As Turkish Lira Plunge Resumes As widely expected , the beneficial boost to the Turkish Lira from yesterday’s emergency 3% hike in the late liquidity window rate by the Turkish Central Bank did not even last one full day, and on Thursday the Turkish Lira collapse resumed, with the currency reversing […]
Turkey Repatriates All Gold From The US In Attempt To Ditch The Dollar
Turkey Repatriates All Gold From The US In Attempt To Ditch The Dollar After Venezuela, Germany, Austria and the Netherlands prudently repatriated a substantial portion (if not all) of their physical gold held at the NY Fed or other western central banks in recent years, one month ago Turkey announced that it too has decided […]
Turkish Gold Imports Triple As The Central Bank Diversifies Out Of Dollars
Turkish Gold Imports Triple As The Central Bank Diversifies Out Of Dollars Turkish gold imports surged due to a sharp increase in investment demand as well as renewed Central bank purchases. While the Chinese and Russian governments have been adding gold to their official reserves over the past several years, Turkey added 86 metric tons to […]
Erdogan: Cyprus Oil Drilling Is A Security Threat To East Mediterranean
Erdogan: Cyprus Oil Drilling Is A Security Threat To East Mediterranean The Eastern Mediterranean will face a security threat should Cyprus continue its unilateral operations of offshore oil and gas exploration in the region, Turkey’s President Recep Tayyip Erdo?an said in a speech at think tank Chatham House in London on Monday. Turkey, which recognizes […]
Gold Leaving US Vaults: Signs of Upcoming Currency War and Armed Conflict
Gold Leaving US Vaults: Signs of Upcoming Currency War and Armed Conflict The Turkish government has made the decision to repatriate all of its gold reserves that are currently housed in the US Federal Reserve System (FRS). Overall Turkey was storing 220 tonnes, valued at $25.3 billion, in the US, which it repossessed on April 19, […]
Turkey Will Repatriate All Gold From The US In Attempt To Ditch The Dollar
Turkey Will Repatriate All Gold From The US In Attempt To Ditch The Dollar After Venezuela, Germany, Austria and the Netherlands prudently repatriated a substantial portion (if not all) of their physical gold held at the NY Fed or other western central banks in recent years, this morning Turkey also announced that it has decided […]
Mass Deception and the Prelude to World War
Mass Deception and the Prelude to World War In Libya, NATO bombed a path to Tripoli to help its proxy forces on the ground oust Gaddafi. Tens of thousands lost their lives and that country’s social fabric and infrastructure now lies in ruins. Gaddafi was murdered and his plans to assert African independence and undermine […]
Turkey Breaks with NATO, Refuses to Expel Russians
Turkey Breaks with NATO, Refuses to Expel Russians Ankara (GPA) – Turkey has broken with their NATO allies and decided not to expel Russian diplomats at the behest of the UK. Following the alleged March 4th alleged Russian poisoning of Sergei Skripal, an ex-double agent in the UK, several European countries and the US have […]
Turkey’s Erdogan Announces Iraq Military Incursion, Threatens Americans Over Manbij
Turkey’s Erdogan Announces Iraq Military Incursion, Threatens Americans Over Manbij On Sunday President Recep Tayyip Erdogan announced the beginning of Turkish military operations in Iraq’s Sinjar region a week after Turkey and allied Syrian FSA groups captured Afrin from Kurdish fighters. During that prior victory speech immediately on the heels of the Syrian Kurdish retreat from Afrin, […]
