{"id":65390,"date":"2023-06-04T06:39:38","date_gmt":"2023-06-04T11:39:38","guid":{"rendered":"https:\/\/olduvai.ca\/?p=65390"},"modified":"2023-06-04T06:39:38","modified_gmt":"2023-06-04T11:39:38","slug":"failures-of-an-economic-hitman-in-turkey-erdogan-re-elected","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=65390","title":{"rendered":"Failures of an Economic Hitman in Turkey: Erdogan Re-elected"},"content":{"rendered":"
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Failures of an Economic Hitman in Turkey: Erdogan Re-elected<\/a><\/h3>\n<\/header>\n
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President Erdogan\u2019s re-election in Turkey is a monumental failure of Western pressure. Because of it, it\u2019s time to take our eyes off Ukraine and look at a different theater of World War III with equal if not bigger implications.<\/p>\n

Turkey is another in a now long string of failed Economic Hitman operations cum Color Revolutions. The last big one to fail was in Belarus in 2020 following the re-election of Alexander Lukashenko.<\/p>\n

Turkey has been the subject of a seven-year campaign to be rid of Erdogan, beginning with the 2016 coup attempt organized out of the NATO airbase at Incerlik. Turkey\u2019s been through a persistent five-year brutal devaluation of its currency, the lira, seeing it drop from less than 2 versus the US dollar to nearly 21 this week in the wake of Erdogan\u2019s victory.<\/p>\n

I\u2019ve covered this story in detail (see my Turkey archives here<\/a>) being one of the lone voices out there trying to parse Erdogan\u2019s monetary policy actions which I\u2019ve argued sought to de-dollarize Turkey\u2019s foreign exchange liabilities and forge an independent path.<\/p>\n

Erdogan, wily as a fox, has been deftly playing the US and Russia\/China off each other for years, positioning Turkey simultaneously as a member of NATO, the gatekeeper to the Black Sea, and the financial and trade crossroads linking East and West.<\/p>\n

The West\u2019s campaign to overthrow President Assad in Syria beginning in 2011 couldn\u2019t have gone forward without Erdogan\u2019s help. He went along with it very willingly having been promised Turkey claiming Idlib province in the West and taking most of the north. Vladimir Putin accepting Assad\u2019s invitation for assistance in fighting ISIS and Erdogan\u2019s pets in Idlib (Hay\u2019at Tahrir al-Sham or HTS) began the unraveling of those plans.<\/p>\n

\u2026click on the above link to read the rest\u2026<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Failures of an Economic Hitman in Turkey: Erdogan Re-elected President Erdogan\u2019s re-election in Turkey is a monumental failure of Western pressure. Because of it, it\u2019s time to take our eyes off Ukraine and look at a different theater of World War III with equal if not bigger implications. Turkey is another in a now long […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[12768,21273,553,1908,1343,16963,818,827,839,862,965,891,1823],"class_list":["post-65390","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-economic-hitman","tag-gold-goats-and-guns","tag-nato","tag-recep-tayyip-erdogan","tag-regime-change","tag-tom-luongo","tag-turkey","tag-united-states","tag-us-dollar","tag-war","tag-west","tag-world-war","tag-world-war-3"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65390"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65390\/revisions"}],"predecessor-version":[{"id":65391,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65390\/revisions\/65391"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}